All Time Plastics is a manufacturing company with 14 years of experience of producing plastic consumerware products for everyday household needs. They primarily produce consumerware for customers to market under their own brand names (i.e., on a business-to-business (“B2B”) basis), which is known as white-label manufacturing. However, they also sell their consumerware products under their proprietary brand name (“All Time Branded Products”) (i.e., on a business-to-consumer (“B2C”) basis).

The company is led by an experienced management team, including the Promoters Kailesh, Bhupesh, and Nilesh Punamchand Shah, each with over 40 years of experience in the consumerware industry. Kailesh Shah, the Chairman and Managing Director, oversees finance, manufacturing, and procurement. Bhupesh Shah manages administration and logistics, while Nilesh Shah leads strategy, IT, and sales and marketing. Most of the Key and Senior Managerial Personnel have been with the company for over five years and bring decades of expertise in the plastic manufacturing sector.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 5,592.35 Million, ₹ 5,158.77 Million and ₹ 4,437.64 Million. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,024.05 Million, ₹ 805.25 Million and ₹ 736.40 Million. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 472.94 Million, ₹ 447.90 Million and ₹ 282.70 Million respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 9.01 and post-issue EPS of ₹ 7.22 for FY24. The pre-issue P/E ratio is 30.52x, while the post-issue P/E ratio is 38.09x against the Industry P/E ratio is 61x. The company's ROCE for FY24 is 16.99%, ROE for FY24 is 19.01% and RoNW is 19.01%. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of All Time Plastics showing listing gains of 7.27 %.Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the All Time Plastics Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.