Premium Plast Ltd. (PREMIUM)
SME CapAuto stocks · SME cap · NSE
Premium Plast Limited is a Tier-1 supplier of automotive plastic components (exterior, interior, under-the-hood) to commercial vehicle OEMs, using injection and blow molding. It also manufactures industrial plastic parts, packaging solutions, and solar connectors. The company operates three state-of-the-art facilities in India.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Average · 52/100margin compression · Rev +57% YoY · PAT +23% YoY
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹36.9 Cr | +56.8% | -4.2% |
| EBITDA | ₹6.1 Cr | -10.1% | -25.4% |
| Operating margin | 16.5% | -353 bps | -468 bps |
| PAT | ₹2.9 Cr | +23.0% | -25.2% |
| PAT margin | 8.0% | -343 bps | -224 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Premium Plast achieved ₹57.03 Cr revenue in FY25, a 22.09% YoY increase, crossing the ₹50 Cr milestone. EBITDA grew 20.74% YoY to ₹12.40 Cr, with Net Profit up 35.15% YoY to ₹6.45 Cr. EBITDA margin slightly declined to 21.67% from 21.98% in FY24, while Net Profit margin improved to 11.27%.
The company demonstrated strong top-line and bottom-line growth in FY25, driven by its core automotive components business. Strategic diversification into sheet metal manufacturing and focus on EV components present future growth avenues, though execution and market penetration in new segments need monitoring.
Revenue by Product (FY25)
Latest issuer-disclosed distribution across 3 reported categories.
Automotive Components Business
Automotive Plastic Components contributed 86% of FY25 revenue, growing from ₹39.23 Cr in FY24 to ₹49.05 Cr in FY25.
Product Portfolio Expansion
Diversifying into high-growth products like bushings, solar connectors, and EV components, investing in advanced tooling for automotive molds.
Sheet Metal Manufacturing
Strategic foray into industrial sheet metal components, catering to captive consumption and external market demand, operational from Jan 2025.
Vasai Unit Capacity Increase
Installed capacity at Vasai, Maharashtra increased from 250 MTPA in FY24 to 270 MTPA in FY25.
Pithampur Plot 36 Capacity Increase
Installed capacity at Pithampur Plot 36, M.P. increased from 1,325 MTPA in FY24 to 1,500 MTPA in FY25.
Pithampur Plot S3/5 Capacity Increase
Installed capacity at Pithampur Plot S3/5, M.P. increased from 400 MTPA in FY24 to 450 MTPA in FY25.
New Sheet Metal Facility
New facility for industrial sheet metal components operational from January 27, 2025, in Shiv Kubereshwar Industrial Estate, Vasai East.
Indian EV Market Growth
India's EV market is expected to reach 10 million units by 2030, presenting opportunities for specialized components.
Auto Component Export Growth
Indian auto component exports are projected to reach USD 30 Bn by 2026, supported by government policies.
Government Support
Government support includes FAME-II, 100% FDI, and PLI schemes to boost advanced components and innovation.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The financial data is presented annually (FY23, FY24, FY25), making year-over-year comparison the most appropriate to assess growth trends and performance changes over time.
Revenue Growth
Total Income increased by 22.57% from ₹46.71 Cr in FY24 to ₹57.25 Cr in FY25.
EBITDA Growth
EBITDA increased by 20.74% from ₹10.27 Cr in FY24 to ₹12.40 Cr in FY25.
Net Profit Growth
Net Profit increased by 35.15% from ₹4.78 Cr in FY24 to ₹6.45 Cr in FY25.
Capacity Utilization - Vasai
Utilized Capacity at Vasai unit increased from 80% (200 MTPA) in FY24 to 85% (230 MTPA) in FY25.
FY25 Performance & Strategic Foray
Premium Plast crossed ₹50 Cr total income in FY25, reflecting core business strength. Strategic foray into sheet metal manufacturing marks a new growth chapter.
Future Outlook
Management is confident in its roadmap, focused on building a robust, diversified portfolio for sustainable growth.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Sheet Metal Business Ramp-up | New facility operational from Jan 2025. | Initial revenue contribution and customer acquisition in the industrial sheet metal segment. |
| EV Component Development | Strategic focus on diversifying into EV components and solar connectors. | New product launches and order wins related to EV and solar segments. |
| Capacity Utilization | FY25 utilization rates: Vasai 85%, Pithampur Plot 36 80%, Pithampur Plot S3/5 76%. | Sustained or improved utilization rates, indicating demand absorption for expanded capacity. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
43NeutralSMA20 -5.3% / mo · MACD + · sector -3.3pp vs Nifty (3M)
Technical chart
PREMIUMdaily · 1Y · AUTO+5.6%Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 46. Wait for confirmation.
- SMA20 falling (~5.6% over last month) — short-term momentum negative.
- RSI(14) at 46 — sideways, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 17% off 52W high · 28% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 34 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 34 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 17/25 to the score.
- Balance sheet contributes 7/15 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Fair-value margin of safety is negative at -14.7%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 66th percentile of the scored universe and 44th percentile within Auto. Main check: results consistency is weak at 55/100.
Healthy Trust Lite: Promoter holding is 68.7%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Auto: 44th pctile, median 74 · SME: 85th pctile, median 64
4 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 68.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.8%.
- ▸ROCE is 20.4%.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 45.60
- P/B
- —
- EV/EBITDA
- 10.83
- Market Cap
- 72.60Cr
Profitability
- ROE
- 14.50%
- ROCE
- 20.40%
- ROA
- 5.47%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 26.57%
- EPS 5Y
- 44.64%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 10.00%
Balance Sheet
- Debt/Equity
- 0.56
- Interest Coverage
- 3.92×
- Altman Z
- 5.19
- Book Value
- —
Cash Flow
- FCF Yield
- 1.83%
- FCF Positive Y
- 3/5
- OCF
- 3.60 Cr
- EPS TTM
- —
Shareholding
- Promoter Hold
- 68.73%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 51%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
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Peers
Business-comparable names in Auto, ranked by similarity
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.