What we do East India Drums & Barrels Manufacturing Ltd produces steel barrels used primarily for storing and transporting oils, solvents, and chemicals, including hazardous materials. |
Founded in 1,981 |
Market share A key player in India’s steel barrel manufacturing sector with UN approval for packaging hazardous materials. |
Problem solved Provides safe, cost-effective packaging solutions for liquid and semi-solid chemicals, petroleum, and lubricants. |
Top clients or who we serve Serves chemical, lubricant, and food-grade packaging industries; mainly B2B clients. |
Key management - |
Our journey and innovations Founded in 1981, renamed in 2024; expanded capacity to 2.5 million drums/year; overcame industrial sickness and completed NCLT-approved resolution plan in 2023. |
Where we operate India, with focus on domestic chemical and lubricant markets. |
Top products or what we offer Manufactures steel barrels and drums for industrial storage and transport, approved for hazardous material packing. |
Top brands - |
Raw materials needed Cold Rolled Close Annealed (CRCA) steel coils and sheets. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely cyclical, influenced by industrial and chemical sector demand. |
Our industry position Established manufacturer with UN-approved products and growing capacity in India’s barrel market. |
Financial highlights Revenue Rs 271 crore, Net Profit Rs 3.6 crore for FY ending March 2023; showing turnaround post-rehabilitation. |
Geographical revenue split Primarily domestic Indian market; no major export revenue. |
Order book - |
Whats driving growth Increased capacity, expanding chemical and lubricant client base, and regulatory approvals drive growth. |
Our future plans Implement new steel rolling plant for backward integration to reduce costs and increase production efficiency. |
Our green promise - |
Our people and values Lean employee base focusing on operational efficiency, safety, and compliance policies. |
Key challenges ahead Managing post-revival financial stability and scaling operations amid market fluctuations. |
Interesting facts One of the few Indian manufacturers with United Nations approval for packing hazardous materials. |
Risks and strategy Industrial sector cyclicality risk mitigated by backward integration plans and regulatory compliances. |
