Penny Stock Below Rs 100 Eyes 3x Revenue Growth; Trades at PE Below 20 – Watch Out!

DSIJ Intelligence-3
Penny Stock Below Rs 100 Eyes 3x Revenue Growth; Trades at PE Below 20 – Watch Out!

Growth plan aimed at tripling its revenue to Rs 1,000 crore

One penny stock that has been gaining limelight with a rise of nearly 13 per cent so far in April is Mitsu Chem Plast Limited. The share price of Mitsu Chem Plast ended over 3 per cent higher on Friday, and it is expected to remain in focus during Tuesday’s trading session due to its ambitious growth plan. The penny stock, priced below Rs 100, is currently trading at a P/E of 19.8x.

Mitsu Chem Plast Limited, a leading player in the polymer-based moulded products industry, has outlined an ambitious growth plan aimed at tripling its revenue to Rs 1,000 crore by the financial year 2028. Celebrating 35 years of operations, the company is now steering into its next growth phase, with a focus on expanding its presence across key product verticals and international markets.

As part of its roadmap, Mitsu is strengthening its offerings in two major verticals—hospital furniture and packaging products. Its hospital furniture line, marketed under the brand Furnastra, is set to introduce design-forward, durable solutions tailored to meet evolving healthcare needs. The packaging division will also see scale-ups, particularly in the production of pails, blow moulded containers, and specialised caps and closures.

Four Pillars of Growth

The company’s strategy rests on four core pillars:

  1. Operational Excellence: Enhancing manufacturing efficiency and product consistency through lean and waste-minimising practices.
  2. Data-Driven Marketing: Leveraging data insights to improve customer engagement and brand loyalty across domestic and international markets.
  3. Scientific Innovation: Strengthening R&D capabilities to bring scientifically validated, market-relevant products to the fore.
  4. Empowered Workforce: Building cross-functional teams supported by a culture of collaboration and accountability.

Mitsu Chem Plast is looking to deepen its global reach through strategic partnerships and market development initiatives. In the Middle East and North Africa, it is focusing on countries such as Saudi Arabia, the UAE, Egypt, and Kuwait. Europe remains a key target with presence in the UK, Germany, Spain, and France, among others. The company also has a growing footprint in Asia, including Malaysia and Israel, as well as in the United States.

For FY24, Mitsu Chem Plast reported total revenues of Rs 312.28 crore, with EBITDA at Rs 25.67 crore and PAT at Rs 8.86 crore. The company operates three manufacturing facilities across Maharashtra and serves a diverse clientele.

Disclaimer: The article is for informational purposes only and not investment advice. 

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