Mitsu Chem Plast surges on planning to add 600 MT/Year of capacity at existing manufacturing facility
Mitsu Chem Plast is currently trading at Rs. 186.30, up by 4.75 points or 2.62% from its previous closing of Rs. 181.55 on the BSE.
The scrip opened at Rs. 186.00 and has touched a high and low of Rs. 190.60 and Rs. 184.00 respectively. So far 29801 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 201.05 on 20-Aug-2026 and a 52 week low of Rs. 80.30 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 194.80 and Rs. 180.05 respectively. The current market cap of the company is Rs. 251.46 crore.
The promoters holding in the company stood at 67.79%, while Non-Institutions held 32.21% stake in the company.
Mitsu Chem Plast is planning to add 600 MT/Year of capacity at its existing manufacturing facility as part of its ongoing efforts to strengthen its manufacturing capabilities and support future growth. This expansion is part of a broader plan to add 6,700 MT/year in FY27, comprising 2,550 MT/Year in June 2026, followed by further capacity additions of 3,550 MT/Year and 600 MT/Year in August 2026, strengthening its manufacturing capabilities for future growth.
This capacity addition marks another important step in the company’s ongoing growth strategy. By further expanding its manufacturing capacity, the company is proactively positioning itself to meet the rising demand from its diverse customer base across industrial packaging, healthcare, infrastructure, and emergency handling segments.
With existing capacity utilization at 64%, this timely expansion reflects the management's confidence in the sustained demand outlook and the company's ability to scale operations efficiently. The additional capacity will enable the company to better serve its OEM customers across chemical, pharmaceutical, agrochemical, and allied sectors, while also supporting its product diversification initiatives.
