One of the only 5 rPET manufacturers available at reasonable prices

crossed ₹200 Cr EBITDA & ₹100 Cr PAT for the first time. PAT up 154% YoY, EBITDA margin at 14.4% vs. 12.3% YoY. Warangal rPET plant now at 80% utilization — “setting a new industry benchmark.” Value-added products (antimicrobial, hollow, dyed fibers) now 40% of mix; aim = 55–60% in 2 years. Exports growing fast (₹135 Cr); regulatory tailwinds from EPR, EU/US push for recycled content. Despite short-term margin pressure from high scrap prices and virgin PET price crash, mgmt remains confident: – FY26 rev guidance: ₹1,700–1,750 Cr – FY28 potential: ₹2,600+ Cr – Backward integration + washing lines to secure raw material Quietly building a green manufacturing powerhouse. Keep an eye on this one.