Recently listed microcap stock engaged in manufacturing of high-grade plastic pipes hit a 5% upper circuit on Monday after announcing expansion of its operations, installation of state-of-the-art production machinery, and launch of new products.
Stock Price Movement
The shares of Malpani Pipes & Fittings Ltd, with a market capitalisation of Rs 71.13 Crores, hit a 5% upper circuit at Rs 68.93 per share in today’s trade.
What Happened
As per a press release dated February 17, 2025, Malpani Pipes & Fittings Ltd, announced the expansion of its operations with the introduction of a new line of PVC pipes and the installation of state-of-the-art production machinery for existing products.The company has invested Rs. 3.8 Crores in state-of-the-art machinery.
The newly acquired equipment includes; an extruder production line for PVC pipes, adding a capacity of 1,800 Metric Tonnes Per Annum (MTPA), with 2 high-speed production lines for PE pipes (HDPE and MDPE) increasing total capacity by 3,600 MTPA.
It also includes a fully automatic socketing machine for PVC pipes, enhancing precision and automation, and a horizontal heating-cooling mixer model for PVC pipes, ensuring improved material processing and consistency.
With these investments, the company aims to boost efficiency, maintain superior product quality, and strengthen its market presence. This expansion reaffirms its vision of delivering high-quality piping solutions to meet the growing industry needs.
Management Commentary
Mr. Rohit Malpani, MD of Malpani Pipes & Fittings, said the expansion will boost sales by Rs. 40-45 Cr., including Rs. 15 Cr. from PVC pipes alone. PVC pipes will be sold through existing channels, helping serve customers needing both HDPE and PVC pipes, and increasing HDPE sales.
Indian Plastic Industry
The Indian plastic industry, a key sector in the economy, began in 1957 with polystyrene production. Since then, it has grown rapidly, with over 2,500 exporters and 4 million employees. The industry includes 30,000 processing units, 85-90% of which are small and medium enterprises. The Government of India intends to take the plastic industry from a current level of $37.8 billion of economic activity to $126 billion in 4-5 years.
About Malpani Pipes and Fittings Ltd
Malpani Pipes and Fittings Ltd is a leading manufacturer of high-quality pipes, including HDPE, MDPE, LLDP, sprinkler, and drip pipes, all marketed under the renowned Volstar brand. Its product range caters to applications in irrigation, water supply, sewerage, drainage, boreholes, tube wells, and infrastructure projects such as electrical cable and optical fiber installations.
Written By Adhvaitha Nayani
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