Dolly Khanna-backed food packaging player, Rajshree Polypack made announcement of securing two significant international orders worth INR 6.54 crore (~USD 770K) from a leading USA-based distributor of food packaging products. This latest development underscores the company’s growing foothold in global packaging solutions, despite recent financial headwinds.
Rajshree Polypack Order Details
The orders, officially disclosed via stock exchange, the deal comprise:
- Thermoformed Packaging Products
- Value: INR 2.21 crore (USD 260K)
- Execution Timeline: By October 2025, or as mutually agreed
- Nature: Custom-designed thermoformed food packaging solutions
- Injection Moulding Food Packaging Products
- Value: INR 4.33 crore (USD 510K)
- Execution Timeline: By May 2025, or as mutually agreed
- Special Feature: Includes custom-developed moulds for client-specific designs
These fresh orders reflect an ongoing trend of international interest in Rajshree’s specialized packaging solutions, particularly from North American markets.
Cumulative Order Book Snapshot
The newly secured deals add to a string of international and domestic orders Rajshree Polypack has landed in the last six months:
- 21 Feb 2025: Order worth INR 2.4 crore from a U.S.-based distributor for injection moulded food packaging (delivery by March 2025).
- 15 Nov 2024: International order worth INR 5.6 crore, also for injection moulded products (execution by February 2025).
- 11 Apr 2025: Domestic order from a major Indian F&B brand, valued at INR 4.76 crore, to be fulfilled by May 2025.
Total orders booked since November 2024 now exceed INR 19 crore, with a strong lean toward high-specification international contracts—primarily in injection moulding and thermoforming categories.
Financial Snapshot & Market Position
Despite these operational wins, the company reported a net loss of INR 0.94 crore in Q3 FY25, reversing from a net profit of INR 2.55 crore in Q3 FY24. However, net sales rose 12.2% YoY, touching INR 72.70 crore, indicating improved demand and operational scale.
Rajshree Polypack currently commands a market capitalization of ~INR 209 crore, with a five-year return of 75.44%, as of 21 April 2025. Earlier this month, on 11 April, the stock surged 7.13% to INR 24.19 per share, reflecting investor optimism following its domestic order win.
Strategic Capacity Expansion
To support the increasing order inflow, the company’s Board approved a capacity expansion plan on 5th Feb 2025 to:
- Increase Extrusion capacity from 24,000 MTPA to 25,600 MTPA
- Increase Forming capacity from 10,270 MTPA to 11,370 MTPA
This expansion will be completed by June 2025 and is aimed at scaling up for international demand particularly in thermoformed and injection moulded segments.
Rajshree Polypack Post-IPO Performance
Rajshree Polypack launched its IPO on 10 September 2018, with an issue size of INR 35.82 crore. The IPO was oversubscribed 4.9X and landed in negative territory, with a loss of 2.83%. Rajshree Polypack IPO was initially listed on NSE Emerge, it has migrated to mainboard on 26 November 2021. It has also undergone a 2:1 stock split on 17 September 2024. Rajshree Polypack delivers 2X returns over investment in the last 3 years. Currently, it is trading around INR 27.20 per share, a correction of 42% from its 52-week high of INR 47.25 per share.
Industry Outlook and Company Prospects
Rajshree Polypack operates in a growth space, driven by increasing global focus on safe, durable and sustainable packaging—especially in FMCG, QSR, Dairy and Pharmaceutical segments. The company has brands like Nestlé, Amul, Kellogg’s, Tata Tea, Ferrero and Reliance as its clients, which gives it credibility in B2B packaging space.
Conclusion
While Rajshree Polypack’s short term profitability is under pressure, consistent order wins, especially from international clients indicate strong demand and market confidence in its technology and design capabilities. The recent orders—especially the USD 0.77 million duo from US—are proof of the company’s growing presence in high value food packaging. With increased capacity and global order book, Rajshree Polypack could get further momentum.
For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.