Pashupati Polytex Pvt Ltd
Kashipur-based PET bottle recycler turning waste into rPSF, rPET flakes and food-grade rPET chips, with a profit turnaround to ₹27 Cr in FY25.
Market cap
₹550 Cr
2.50 Cr shares
P/E ratio
23.91
Sector average 28
Book value
₹68.00
P/B 3.24
1-year return
+0.00%
52w ₹220 – ₹220
Currently 0% of the way through its 52-week range.
Indicative price history
1Y change
+0.00% ₹220 → ₹220
52-week band in this window: ₹220.00 – ₹220.00. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Installed capacity about 68,256 TPA of rPSF and rPET at Kashipur, Uttarakhand.
- FY25 net profit about ₹26.97 Cr after an FY24 loss.
- Altius ask ₹220 on 21 September 2026; no dealer bid.
About Pashupati Polytex
Pashupati Polytex Private Limited, part of the Goenka family's Pashupati Group, recycles post-consumer PET bottles into recycled polyester staple fibre (rPSF), rPET flakes and food-grade rPET chips at Kashipur, Uttarakhand. Installed capacity is about 68,256 tonnes a year. Bottles are collected through a nationwide network of rag-pickers and scrap aggregators, then label-stripped, hot-washed, optically sorted and decontaminated to produce material that substitutes virgin polyester and packaging resin.
Customers are B2B: spinning mills, non-woven and automotive-interior makers, and packaging converters for consumer brands that must meet India's extended-producer-responsibility rules on recycled content. The company reported a net profit of about ₹26.97 Cr in FY25 after a small loss in FY24, on revenue in the ₹500–1,000 Cr range.
The board comprises founder Vishnu Prakash Goenka (Chairman & MD), Bankey Bihari Goenka (MD), Pallavi Goenka and a nominee director representing an anchor investor. Altius Investech quoted a buy price of ₹220 on 21 September 2026 with no meaningful sell price (₹0.01 placeholder), so the bid shown here mirrors the ask; other dealers have quoted up to ₹298.
Figures preliminary; verify from MCA filings. Revenue is placed within the reported ₹500–1,000 Cr band and only the FY25 profit is a reported figure; balance-sheet lines, share count and the incorporation day are estimates. Not to be confused with the NSE-listed Pashupati Cotspin.
Where the revenue comes from
- Recycled polyester staple fibre (rPSF)55%
Sold to spinning mills, non-wovens and automotive interiors (estimate of mix)
- rPET flakes and food-grade chips40%
Bottle-to-bottle recycling for packaging brands (estimate of mix)
- Other5%
By-products, PP/HDPE caps and labels (estimate)
Products & services
Recycled polyester staple fibre
Hollow and solid rPSF for spinning, fibrefill, non-wovens and automotive felts.
rPET flakes and chips
Hot-washed flakes and food-grade rPET chips for bottle-to-bottle and sheet applications.
What works
- • Regulatory tailwind: India's plastic-waste rules require 30% recycled content in PET packaging from FY26, rising to 60% by FY29, creating captive demand for food-grade rPET.
- • Integrated waste-to-value chain from bottle collection to fibre and chips gives cost control that traders and single-stage recyclers lack.
- • Profit turnaround: net profit of about ₹27 Cr in FY25 against a loss in FY24.
What to watch
- • Margins depend on the gap between virgin PET and recycled-flake prices, which swings with crude oil.
- • Raw material comes from an informal collection chain; supply and quality are hard to guarantee at scale.
- • Family-run private company with limited disclosure; the anchor investor's terms are not public.
- • No dealer bid on Altius, so exiting the position may take time.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| Pashupati PolytexThis page | ₹220.00 | ₹550 Cr | 23.91 | 3.24 | +13.65% |
| Manjushree | ₹944.00 | ₹2,322 Cr | 13.42 | 2.07 | +12.53% |
| Plastene India | ₹95.00 | ₹267.9 Cr | 72.52 | 1.65 | +10.13% |
| Mewar Polytex | ₹205.00 | ₹66.22 Cr | 5.23 | 1.03 | +5.67% |
Latest reported year: FY25 ending 31 Mar 2025.