---
title: "Manika Plastech (MANIKA) Share Price, Financials & Research"
symbol: "MANIKA"
company: "Manika Plastech Ltd"
canonical: "https://tapetide.com/stocks/MANIKA"
isin: "INE0KWF01020"
nse_symbol: "MANIKA"
bse_code: "544929"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-11-05T01:37:48.278Z"
---

# Manika Plastech (MANIKA)

Canonical page: https://tapetide.com/stocks/MANIKA

## Key Facts

- **Price:** ₹49.03 as of 4 Nov 2026, 15:56 IST
- **Promoter holding:** 74.95% in Sep 2026, a change of -25.05 percentage points from Jun 2025

## Company

- **NSE symbol:** MANIKA
- **BSE code:** 544929
- **ISIN:** INE0KWF01020
- **Macro sector:** Industrials
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Basic industry:** Plastic Products - Industrial
- **In the F&O segment:** No

## Latest Price

- **Price:** ₹49.03
- **Change:** No trade today
- **Previous Close:** ₹49.03
- **As of:** 4 Nov 2026, 15:56 IST

## Key Fundamentals

Price-based figures as of 4 Nov 2026, 15:56 IST · TTM.

- **ROCE:** 19.20%
- **Debt to Equity:** 0.66
- **Book Value:** ₹20.61
- **P/B:** 2.38
- **ROE:** 16.50%
- **Dividend Yield:** 0.00%
- **EBITDA:** ₹59.40 Cr
- **52W High:** ₹61.25
- **52W Low:** ₹39.71

## Peer Comparison

Classification: Industrials › Industrial Products › Plastic Products - Industrial

| Company | Price | P/E | Market Cap | P/B | Div Yield | ROE | ROCE | Sales TTM | Net Profit TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| [Supreme Industries Ltd (SUPREMEIND)](https://tapetide.com/stocks/SUPREMEIND) | ₹3,353.50 | 41.26 | ₹42,083 Cr | 6.66 | 0.36% | 15.80% | 20.70% | ₹11,326 Cr | ₹1,033 Cr |
| [Astral Ltd (ASTRAL)](https://tapetide.com/stocks/ASTRAL) | ₹1,423.70 | 66.43 | ₹37,224 Cr | 9.43 | 0.29% | 13.80% | 19.20% | ₹6,785 Cr | ₹576 Cr |
| [Garware Hi Tech Films Ltd (GRWRHITECH)](https://tapetide.com/stocks/GRWRHITECH) | ₹7,544.50 | 45.19 | ₹17,078 Cr | 6.03 | 0.16% | 13.50% | 18.10% | ₹2,258 Cr | ₹388 Cr |
| [Kingfa Science & Technology (India) Ltd (KINGFA)](https://tapetide.com/stocks/KINGFA) | ₹6,816.50 | 40.93 | ₹9,153 Cr | 6.60 | 0.30% | 17.40% | 23.20% | ₹2,222 Cr | ₹225 Cr |
| [Finolex Industries Ltd (FINPIPE)](https://tapetide.com/stocks/FINPIPE) | ₹143.95 | 14.51 | ₹8,730 Cr | 1.18 | 1.99% | 8.57% | 11.80% | ₹3,954 Cr | ₹616 Cr |
| [Time Technoplast Ltd (TIMETECHNO)](https://tapetide.com/stocks/TIMETECHNO) | ₹171.42 | 16.94 | ₹8,407 Cr | 2.07 | 0.90% | 13.10% | 16.50% | ₹6,445 Cr | ₹498 Cr |
| [Prince Pipes & Fittings Ltd (PRINCEPIPE)](https://tapetide.com/stocks/PRINCEPIPE) | ₹297.75 | 32.26 | ₹3,136 Cr | 2.00 | 0.36% | 4.60% | 6.03% | ₹2,627 Cr | ₹103 Cr |
| [Manika Plastech Ltd (MANIKA)](https://tapetide.com/stocks/MANIKA) (this company) | ₹49.03 | — | ₹577 Cr | 2.38 | 0.00% | 16.50% | 19.20% | — | — |
| Median of 8 companies | ₹860.73 | 40.93 | ₹8,942 Cr | 4.21 | 0.33% | 13.65% | 18.65% | ₹3,954 Cr | ₹498 Cr |

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

## Key Insights

### Strengths

- Company has delivered good profit growth of 26.4% CAGR over last 5 years

### Weaknesses

- The company has delivered a poor sales growth of 10.2% over past five years.

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Bullish | 2 | 14 | 3 |
| Oscillators | Bearish | 1 | 8 | 0 |
| Moving Averages | Bullish | 1 | 6 | 3 |

### Oscillators: Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 55.37 | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | 55.85 | Neutral |
| ADX (14) | 15.67 | Neutral |
| Williams %R (14) | -41.18 | Neutral |
| ATR (14) | 3.70 | Neutral |
| ROC (12) | -2.04 | Bearish |
| Stoch RSI (14) | 53.96 | Neutral |
| UO (7,14,28) | 50.91 | Neutral |

### Moving Averages: Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 47.01 | Bullish |
| EMA (10) | 48.14 | Bullish |
| SMA (20) | 49.76 | Bearish |
| EMA (20) | 47.47 | Bullish |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 54.06 | 52.64 | 49.92 |
| R2 | 52.64 | 51.41 | 49.62 |
| R1 | 50.84 | 50.65 | 49.33 |
| PP | 49.42 | 49.42 | 49.42 |
| S1 | 47.62 | 48.19 | 48.73 |
| S2 | 46.20 | 47.43 | 48.44 |
| S3 | 44.40 | 46.20 | 48.14 |

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 5Y | 10.22% | compounded annual rate, Mar 2021 to Mar 2026 |
| Revenue | 3Y | 3.26% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | 7.39% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Net profit | 5Y | 25.74% | compounded annual rate, Mar 2021 to Mar 2026 |
| Net profit | 3Y | 22.39% | compounded annual rate, Mar 2023 to Mar 2026 |
| Net profit | 1Y | 15.79% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating cash flow | 5Y | 20.95% | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating cash flow | 3Y | 3.23% | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating cash flow | 1Y | 18.92% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating margin | 5Y | +3.97 pp | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating margin | 3Y | +4.71 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | +2.22 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |

Trailing twelve months: No quarterly results are reported.

## Financial Statements

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 268 | 333 | 396 | 361 | 406 | 436 |
| Expenses | 243 | 302 | 362 | 330 | 361 | 378 |
| Operating Profit | 25 | 32 | 34 | 31 | 45 | 58 |
| OPM % | 9% | 9% | 9% | 9% | 11% | 13% |
| Other Income | 0 | 0 | 2 | 8 | 6 | 1 |
| Interest | 6 | 7 | 7 | 9 | 13 | 15 |
| Depreciation | 10 | 10 | 11 | 13 | 13 | 14 |
| Profit before tax | 10 | 15 | 18 | 16 | 25 | 30 |
| Tax % | 27% | 30% | 30% | 30% | 24% | 26% |
| Net Profit | 7 | 11 | 12 | 12 | 19 | 22 |
| EPS in Rs | n/m | n/m | n/m | n/m | n/m | 4,480 |
| Dividend Payout % | 0% | 0% | 23% | 0% | 0% | 0% |

n/m: Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 20 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 78 | 77 | 87 | 89 | 106 | 129 |
| Borrowings | 52 | 63 | 55 | 100 | 107 | 97 |
| Other Liabilities | 36 | 35 | 46 | 45 | 89 | 79 |
| Total Liabilities | 186 | 194 | 207 | 253 | 321 | 324 |
| Fixed Assets | 71 | 79 | 84 | 126 | 153 | 156 |
| CWIP | 2 | 3 | 8 | 15 | 3 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 114 | 112 | 115 | 112 | 165 | 161 |
| Total Assets | 186 | 194 | 207 | 253 | 321 | 324 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | 17 | 28 | 40 | 32 | 37 | 44 |
| Cash from Investing Activity | -10 | -19 | -21 | -53 | -23 | -19 |
| Cash from Financing Activity | -7 | -9 | -18 | 22 | -13 | -26 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 1 | -1 |
| Free Cash Flow | 7 | 9 | 18 | -22 | 14 | 25 |
| CFO/EBITDA | 70 | 99 | 124 | 109 | 95 | 87 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 81 | 65 | 48 | 45 | 55 | 55 |
| Inventory Days | — | 64 | 54 | 57 | 86 | 77 |
| Days Payable | — | 37 | 41 | 22 | 45 | 34 |
| Cash Conversion Cycle | 81 | 92 | 61 | 80 | 95 | 98 |
| Working Capital Days | 37 | 21 | 17 | 2 | 3 | 14 |
| ROCE % | — | 14% | 16% | 14% | 18% | 19% |

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Jun 2025 | Sep 2026 |
| --- | ---: | ---: |
| Promoters | 100.00% | 74.95% |
| FIIs | 0.00% | 1.50% |
| DIIs | 0.00% | 9.98% |
| Government | 0.00% | 0.00% |
| Public | 0.00% | 10.50% |
| Others | 0.00% | 3.06% |
| No. of Shareholders | 8 | 24,454 |

## Documents

### Credit ratings

| Date | Document |
| --- | --- |
| 3 Jun 2026 | [Credit rating update — CARE Ratings](https://www.careratings.com/upload/CompanyFiles/PR/202606120607_Manika_Plastech_Limited.pdf) |
| 6 Jan 2026 | [Credit rating update — CARE Ratings](https://www.careratings.com/upload/CompanyFiles/PR/202601130117_Manika_Plastech_Limited.pdf) |

### Exchange filings

| Date | Document | Category |
| --- | --- | --- |
| 30 Oct 2026 | [Intimation Regarding Change Of Corporate Identification Number (CIN) Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d05bbd3a-941b-4e98-a0ef-fe0d22a91c3b.pdf) | General announcements |
| 30 Oct 2026 | [Intimation Of Appointment Of Investor Relations (IR) Agency](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48b14d70-2404-449f-ace4-fc291cf39e70.pdf) | General announcements |
| 28 Oct 2026 | [Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8be7aad1-c2c8-4369-b7d1-8e09b3535b9b.pdf) | Intimation |
| 13 Oct 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55c1aa57-7973-4423-9a36-519dd14da4c5.pdf) | General announcements |
| 30 Sep 2026 | [Declaration Under Regulation 29(2) & 29(3) Of SEBI (Substantial Acquisition Of Shares & Takeover) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1bf448f0-1a87-4f37-a744-0c0010f6ef61.pdf) | General announcements |
| 28 Sep 2026 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9f4bb1a-3b0b-4eb0-a545-4775f35d9bee.pdf) | Intimation |
| 22 Sep 2026 | [Intimation Under Regulation 6(1) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=338b5934-d52f-4120-ac67-168aa483c8a6.pdf) | General announcements |
| 22 Sep 2026 | [Intimation Under Regulation 7(1) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=544efa95-8502-4cb7-89da-1c3e13d69f92.pdf) | General announcements |
| 22 Sep 2026 | [Intimation Under Regulation 30 (5) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=648e3029-af3e-47aa-bbeb-2c211072f8f8.pdf) | General announcements |
| 22 Sep 2026 | [Intimation Under Regulation 8(2) Of The SEBI (Prohibition Of Insider Trading) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9db7a3b4-c904-4579-9432-6e0433eb76e2.pdf) | General announcements |

## Frequently Asked Questions about Manika Plastech

### What does Manika Plastech Ltd do?

Incorporated in 1996, Manika Plastech Limited is engaged in the manufacturing of rigid polymer packaging products, including battery casings, pails, and thin-wall containers.

### Where is Manika Plastech Ltd (MANIKA) listed?

Manika Plastech Ltd trades as MANIKA on the NSE and under code 544929 on the BSE.

### Which sector does Manika Plastech Ltd belong to?

Manika Plastech Ltd is classified under the Industrials sector, in the Industrial Products industry.

### What is the 52-week high and low of Manika Plastech Ltd?

Over the last 52 weeks Manika Plastech Ltd has traded between ₹39.71 and ₹61.25 as of 4 Nov 2026.

### What is the Return on Equity (ROE) of Manika Plastech Ltd?

Manika Plastech Ltd reported a return on equity of 16.50%. Its debt-to-equity ratio is 0.66.

## Company Information

Incorporated in 1996, Manika Plastech Limited is engaged in the manufacturing of rigid polymer packaging products, including battery casings, pails, and thin-wall containers.

- **Listed:** 21 Sep 2026
- **Face Value:** ₹2

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:07 IST.