Manjushree Technopack Ltd
India's largest rigid plastic packaging maker, supplying beverage, food and pharma brands.
Market cap
₹2,322 Cr
2.46 Cr shares
P/E ratio
13.42
Sector average 32
Book value
₹456.34
P/B 2.07
1-year return
+0.50%
52w ₹892 – ₹1,340
Currently 12% of the way through its 52-week range.
Indicative price history
1Y change
+1.94% ₹926 → ₹944
52-week band in this window: ₹926.06 – ₹1,290.37. Weekly indicative marks, not exchange-traded prices.
Key highlights
- India's largest rigid plastic packaging maker with on-site plants at customer premises.
- Recycled PET capacity aligns with brand-owner sustainability commitments.
- Controlled by a financial sponsor; an eventual exit is expected.
About Manjushree
Manjushree Technopack manufactures PET bottles, preforms, closures, jars and containers for beverage, food, pharmaceutical and personal care customers.
Plants are located close to customer bottling lines to keep freight costs down, with several on-site facilities inside customer premises.
The company has invested in recycled PET capacity as brand owners move toward recycled content commitments.
Where the revenue comes from
- Beverage packaging54%
PET bottles, preforms and closures
- Food & FMCG22%
Jars, containers and closures
- Pharma packaging15%
Regulated-grade containers
- Recycled PET9%
Post-consumer recycled resin and preforms
Products & services
PET preforms & bottles
For carbonated drinks, water, juices and dairy.
Closures
Caps and closures for beverage and FMCG.
Jars & containers
Food, pharma and personal care packaging.
Recycled PET
Post-consumer recycled resin and preforms.
What works
- • Scale leadership in rigid plastic packaging with long-standing blue-chip customer relationships.
- • On-site plants inside customer premises create high switching costs.
- • Recycled PET capacity positions the company for tightening packaging regulation.
What to watch
- • Resin price volatility flows through to margin with a lag.
- • Customer concentration among a few large beverage companies.
- • Regulatory pressure on single-use plastics could reshape demand over time.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| ManjushreeThis page | ₹944.00 | ₹2,322 Cr | 13.42 | 2.07 | +12.53% |
| Merino | ₹3,130.00 | ₹3,506 Cr | 13.28 | 1.98 | +10.81% |
| Indofil | ₹1,635.00 | ₹3,483 Cr | 13.82 | 1.73 | +9.78% |
Latest reported year: FY26 ending 31 Mar 2026.