Synopsis:
Nationwide Plastic Applied sciences secured a 3-year provide contract from Hero MotoCorp value about ₹157.5 crore, establishing a brand new plant close to Sri Metropolis whereas initially supplying from current models.
This Micro-cap Plastic Inventory, engaged within the manufacture and provide of injection molded plastic elements primarily for the automotive business, client durables, and IT peripherals, jumped 4.71 p.c after receiving a contract value Rs. 157.50 Cr from Hero MotoCorp Restricted.
With a market capitalization of Rs. 159.40 crores, the share of Nationwide Plastic Applied sciences Restricted has reached an intraday excessive of Rs. 271.90 per fairness share, rising practically 4.71 p.c from its earlier day’s shut value of Rs. 259.65. Since then, the inventory has retreated and is at the moment buying and selling at Rs. 262.25 per fairness share.
What’s the information?
Nationwide Plastic Applied sciences Restricted has acquired a Letter of Consolation from Hero MotoCorp Restricted for the manufacture and provide of painted and unpainted plastic physique elements. The corporate will arrange a brand new manufacturing unit close to Sri Metropolis/Tirupati in Andhra Pradesh inside 6 to eight months. Until then, provides can be managed from the corporate’s current vegetation. The contract interval is for 3 years.
The estimated worth of the order is about Rs. 52.50 crore per 12 months, which totals to round Rs. 157.50 crore for the total three years. This contract helps the corporate’s enterprise enlargement and is anticipated to assist in the expansion of the corporate.
Firm Overview
Nationwide Plastic Applied sciences Restricted was established in 1989 and is headquartered in Chennai, India. The corporate is engaged within the manufacture and provide of injection moulded plastic merchandise.
The corporate primarily serves the automotive sector, supplying elements for two-wheelers, three-wheelers, and four-wheelers, in addition to the patron electronics and IT peripherals segments.
The corporate operates a number of manufacturing vegetation throughout India, together with places in Chennai, Sriperumbudur, Hosur, Puducherry, Nalagarh, and Faridabad. It has a robust repute as a Tier II vendor within the automotive business.
Nationwide Plastic Applied sciences affords a variety of merchandise, corresponding to automotive inside and exterior trims, bumpers, and varied different plastic molded elements. Moreover automotive elements, it produces elements for client sturdy items, together with keyboards, air conditioners, televisions, and washing machines.
Latest quarter outcomes
Coming into monetary highlights, Nationwide Plastic Applied sciences Restricted’s income has elevated from Rs. 86.79 crore in Q2 FY25 to Rs. 88.86 crore in Q2 FY26, which has grown by 2.39 p.c. The online revenue has additionally grown by 6.69 p.c from Rs. 2.54 crore in Q2 FY25 to Rs. 2.71 crore in Q2 FY26.
Nationwide Plastic Applied sciences Restricted’s income and internet revenue have grown at a CAGR of 36.12 p.c and 73.21 p.c, respectively, over the past 4 years.
When it comes to return ratios, the corporate’s ROCE and ROE stand at 17.2 p.c and 19.1 p.c, respectively. Nationwide Plastic Applied sciences Restricted has an earnings per share (EPS) of Rs. 15.4, and its debt-to-equity ratio is 1.04x.
Written By – Nikhil Naik
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