Stock Under Rs 120 Jumps After the Company Becomes Global Supplier to Arjohuntleigh Polska (Poland)
Kiran DSIJCategories: Mindshare, Trending
The company has a market cap of Rs 152 crore and the stock is up by 38 per cent from its 52-week low of Rs 83.25 per share.
On Thursday, shares of Mitsu Chem Plast Ltd surged 6.5 per cent to Rs 115 per share from its previous closing of Rs 107.80 per share. The stock has a 52-week high of Rs 127.80 per share and a 52-week low of Rs 83.25 per share. The shares of the company saw a Spurt in Volume by more than 2.5 times on the BSE. The company has a market cap of Rs 152 crore and the stock is up by 38 per cent from its 52-week low of Rs 83.25 per share.
Mitsu Chem Plast Limited (BSE: 540078) has officially signed a Global Supplier Agreement with Arjohuntleigh Polska Sp. z o.o. after completing an extensive year-long validation and approval process. This milestone integrates the Indian polymer solutions provider into the global supply chain of the Arjo Group, a top-tier leader in the international medical equipment industry. Under this partnership, Mitsu Chem will manufacture and supply specialised hospital furniture parts and plastic accessories designed to enhance patient safety and caregiver ergonomics.
The collaboration positions Mitsu Chem to expand its export-led growth and increase brand visibility across international healthcare markets. Leveraging the favourable trade environment created by the recent India–EU trade agreement, the company aims to capitalise on improved market access for specialised polymer components. This strategic move not only diversifies Mitsu’s high-value medical portfolio but also reinforces its commitment to meeting rigorous international standards for quality and compliance in the global healthcare sector.
About the Company
Mitsu Chem Plast Limited (BSE - 540078) is a certified manufacturer of polymer-based moulded products, specialising in the creation and marketing of innovative, technically advanced solutions. The company serves a diverse range of growing industries, including Industrial Packaging Solutions, Healthcare Products, Infrastructure Products and Emergency Handling Solutions, all supported by robust in-house testing and quality control systems. The company's product portfolio features Moulded Industrial Plastic Packaging items like drums, jerry cans, bottles, jars and related accessories; Infrastructure furniture parts such as chair shells; Hospital furniture components including panels, railings, planks and trolley parts and Rescue and safety equipment like spine boards.
Mitsu Chem Plast Limited primarily caters to Original Equipment Manufacturers (OEMs) across a variety of sectors, including chemical, pharmaceutical, dyes, agrochemical, disinfectants, diagnostic, hospital and infrastructure furniture. Its recent product innovations include pails for lubricants and new variants like GL 45 caps and TSV caps. The company’s journey began 35 years ago with its first plant in Boisar, Tarapur. Today, it operates four manufacturing facilities in Maharashtra: Three Plants in Boisar, Tarapur and one in Khalapur. In FY25, Mitsu Chem Plast reported total revenues of Rs 332.88 crore, with an EBITDA of Rs 23.28 crore and a PAT of Rs 7.25 crore.
Disclaimer: The article is for informational purposes only and not investment advice.