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Bai-Kakaji Polymers Earnings Call: Key Takeaways

Bai-Kakaji Polymers (BSE SME) achieved ₹365 Cr revenue and ₹27 Cr PAT in FY26. Strategy focuses on dual growth engines: rigid PET packaging and a ramping flexible films segment.

Highlights
Revenue growthFY23-FY26 CAGR driven by capacity additions.
MarginsEBITDA margin expanded ~300 bps YoY to ~13%.
Order book822+ active customers including Reliance, Tata, and Patanjali.
Demand visibilityStrong structural tailwinds in bottled water (12% CAGR) and FMCG.
Management confidenceHigh; citing 15+ years experience and 11-year client tenures.

Growth

Revenue grew from ₹229 Cr (FY23) to ₹365 Cr (FY26); PAT surged 9x to ₹27 Cr with 13% EBITDA margins.

Outlook

Entering food-grade RPET market (FY27); flexible film segment ramping to full utilization by H2 FY27; adding solar capacity.

Risks

Industry competition from unorganised players; raw material (PET resin) price volatility and pass-through lags.

Source

Earnings Call filed with BSE, BSE: 544670. Summary written with AI assistance from the document.

Read the document ↗

Bai-Kakaji Polymers Ltd: key numbers

Share price
₹297.35
Market cap
₹636.5 Cr
Revenue (annual)
₹364.7 Cr
Net profit (annual)
₹26.98 Cr
P/E (TTM)
23.6×Sector 53.6×
Promoter holding
74.07%
FII holding
2.42%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Annual General Meeting

Bai-Kakaji Polymers Annual General Meeting

Bai-Kakaji Polymers Limited amended its Memorandum of Association to expand its business scope into the industrial machinery sector, as approved by shareholders at the 13th AGM.