Mitsu Chem Plast rises on expanding manufacturing capacity across existing facilities
Mitsu Chem Plast is currently trading at Rs. 101.00, up by 1.40 points or 1.41% from its previous closing of Rs. 99.60 on the BSE.
The scrip opened at Rs. 100.00 and has touched a high and low of Rs. 101.40 and Rs. 99.65 respectively. So far 437 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.00 on 03-Dec-2024 and a 52 week low of Rs. 83.25 on 28-Mar-2025.
Last one week high and low of the scrip stood at Rs. 101.50 and Rs. 99.10 respectively. The current market cap of the company is Rs. 137.48 crore.
The promoters holding in the company stood at 67.77%, while Non-Institutions held 32.23% stake on the company.
Mitsu Chem Plast has expanded manufacturing capacity by approximately 655 MT per year across its existing facilities. The move is part of Mitsu’s ongoing growth strategy to meet rising demand, strengthen its supply capabilities, and support the company’s long-term vision of crossing Rs 1,000 crore in annual revenues by 2028.
The additional capacity will enhance Mitsu’s ability to serve its growing customer base across segments such as Industrial packaging, Hospital Furniture parts, Infrastructure components and emergency handling solutions. With this expansion, Mitsu’s total operational capacity will increase from approximately 28,424 MT/year to approximately 29,079 MT/year, further improving its ability to address new product demand and ensure faster turnaround for Original Equipment Manufacturers (OEMs).
The investment of approximately Rs 85 lakh, fully financed through internal accruals, will be utilized for the purchase of advanced machinery aimed at optimizing productivity and ensuring superior product quality. This aligns with the company’s focus on sustainable growth, operational efficiency, and market diversification. The expansion also reflects Mitsu’s proactive approach toward maintaining supply-chain resilience and staying ahead of increasing demand from end-user industries such as chemicals, pharmaceuticals, dyes, agrochemicals, disinfectants, and hospital and infrastructure furniture.
Mitsu Chem Plast is a leading manufacturer of world-class plastic Blow Molded and Injection Molded products.
