Manjushree Technopack Limited
- Unlisted share
- Chemicals & Materials
- ISIN INE435H01023
At a glance
Sales
FY25
₹2,570 Cr
+21.4%on FY24What the company earned from its customers in the year.
Profit
FY25
₹248 Cr
+75.9%on FY24What was left after every cost and tax was paid.
Market valuecalculated
₹7,011 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY25
₹1,411 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Manjushree Technopack Limited
- ISIN
- INE435H01023
- Sector
- Chemicals & Materials
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹816.75
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Manjushree Technopack Limited
Manjushree Technopack makes rigid plastic packaging such as containers, preforms, caps and closures and dispensing pumps for consumer goods, food and beverage, and pharmaceutical companies, from plants across India. It is headquartered in Bengaluru and at 31 March 2025 was almost wholly owned (97.82%) by its holding company AI Lenarco Midco Limited. It filed a draft IPO prospectus in August 2024 but the board dropped the IPO in November 2024.
Written from: manjushreeindia.com
Listing status. DRHP filed with SEBI on 20 August 2024; on 22 November 2024 the board decided not to proceed with the proposed IPO. Not listed. Manjushree Technopack Limited Annual Report 2024-25
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Chemicals & Materials
- ISIN
- INE435H01023
- Registered office
- Bengaluru, Karnataka
- Holding company
- AI Lenarco Midco Limited held 97.82% of the equity at 31 March 2025
- Key people
- Chairman and Director: Nikhil Kumar Srivastava; Managing Director and CEO: Thimmaiah NP; CFO: Rajesh Kumar Ram
- Employees
- 2,074 people
- Face value per share
- ₹2
- Equity shares outstanding
- 8,58,39,806 shares
- CIN
- U67120KA1987PLC032636
- Website
- manjushreeindia.com
Read from: Manjushree Technopack Limited Annual Report 2024-25, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
22.4×
At this price you pay ₹22.4 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
4.97×
At this price you pay ₹4.97 for every ₹1 of net worth on the company's books.
Profit margincalculated
9.6%
Out of every ₹100 of sales, ₹9.6 was left as profit.
Return on equitycalculated
17.5%
For every ₹100 of the owners' money, the company made ₹17.5 of profit in the year.
Debt to equitycalculated
0.7×
The company has borrowed ₹0.7 for every ₹1 of its owners' money.
- Indicative price
- ₹816.75
- Market valuecalculated
- ₹7,011 Cr
- price × shares
- No. of shares
- 8,58,39,806
- EPS
- ₹36.48
- Book value per share
- ₹164.38
- Face value
- ₹2
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Manjushree Technopack Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY22 to FY25: ₹1,468 Cr to ₹2,570 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY22 to FY25: ₹70.81 Cr to ₹248 Cr.
| Particulars | FY22 | FY23 | FY24 | FY25Latest |
|---|---|---|---|---|
| Revenue from operations | 1,467.53 | 2,097.35 | 2,117 | 2,569.83▲21% |
| Other income | 6.27 | 11.76 | 13.3 | 14.2▲7% |
| Total income | 1,473.8 | 2,109.1 | 2,130.3 | 2,584.03▲21% |
| Operating profit before finance cost, depreciation, tax and exceptional items (as stated in directors' report) | n/a | n/a | 386.63 | 411.4▲6% |
| Depreciation and amortisation | 86.24 | 132.82 | 154.88 | 199.33▲29% |
| Finance cost (as stated in directors' report) | n/a | n/a | 91.46 | 122.26▲34% |
| Profit before tax | 101.47 | 91.1 | 160.85 | 266.72▲66% |
| Profit after tax (profit for the year) | 70.81 | 59.23 | 140.79 | 247.63▲76% |
| Earnings per share (basic), face value ₹10 (before 1:5 split) (₹) | 52.58 | 43.72 | 20.78 | 36.48▲76% |
Rupees crore unless marked, consolidated, standalone (no subsidiaries). The change shown is the latest year against the year before. Read from: Manjushree Technopack Limited Annual Report 2022-23, Manjushree Technopack Limited Annual Report 2024-25.
Ownership
Shareholding pattern
Who owns the company
97.8%AI Lenarco Midco Limited (holding company)
- Largest holder
- 97.8%
- Top 1 together
- 97.8%
- Holders named
- 1
- AI Lenarco Midco Limited (holding company)97.82%
- Total97.82%
Read from: Manjushree Technopack Limited Annual Report 2024-25
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| FY2024-255,29,09,694 compulsorily convertible debentures of ₹100 each issued at par to shareholders on a rights basis. | Rights issue | Compulsorily convertible debentures | ₹100 | ₹529 Cr |
| FY2024-251,81,01,306 equity shares of ₹2 each allotted on conversion of 5,87,21,747 earlier compulsorily convertible debentures held by the holding company. | Conversion of debentures | Equity shares | Not stated | Not stated |
Read from: Manjushree Technopack Limited Annual Report 2024-25
Leadership
Management
Nikhil Kumar Srivastava
Chairman and Director
Thimmaiah NP
Managing Director and CEO
Rajesh Kumar Ram
Chief Financial Officer
Aswin Vikram
Director
Sumit Nadgir
Director
Kamlesh Vikamsey
Independent Director
Sameer Kaji
Independent Director
Himanshu Parmar
Company Secretary & Compliance Officer
Read from: Manjushree Technopack Limited Annual Report 2024-25
Corporate calendar
Events
- 9 Jul 2025Postal ballotPostal ballot closing on ESOP 2025 and re-appointment of Thimmaiah NP as MD & CEOOpen
- 30 May 2025Postal ballotPostal ballot closed on appointing new directors (including Nikhil Kumar Srivastava, Aswin Vikram, Sumit Nadgir) and adopting restated articlesOpen
- 22 Nov 2024IPO droppedBoard decided not to go ahead with the proposed IPOOpen
- 20 Aug 2024DRHP filingBoard approved and filed the draft red herring prospectus with SEBIOpen
- 15 Jun 2024Share splitShareholders approved by postal ballot the split of each ₹10 share into five ₹2 sharesOpen
- 10 May 2024DividendInterim dividend of ₹53.50 per share declaredOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Manjushree Technopack Limited on WhatsAppIs the price shown for Manjushree Technopack Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Manjushree Technopack Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Manjushree Technopack Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
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GrowFast is not affiliated with, sponsored by or endorsed by Manjushree Technopack Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.