What we do Essen Speciality Films Ltd manufactures and exports specialized plastic products, mainly for home improvement and furnishing, serving major global retail chains. |
Founded in 2,002 |
Market share A preferred supplier to global retailers like IKEA and Walmart, showcasing significant export market presence. |
Problem solved Provides durable, aesthetically-pleasing plastic sheets and artificial plants to meet modern home decor demands sustainably. |
Top clients or who we serve Multinational retailers including IKEA, Walmart, Kmart, Bed Bath & Beyond; B2B export focus. |
Key management Pallav Kishorbhai Doshi (Chairman and Whole-time Director) |
Our journey and innovations Started in 2003 with desk mats, expanded to foam disposables, yoga mats, and injection molded artificial plants; IPO in 2023. |
Where we operate Domestic India and export markets including USA and Europe. |
Top products or what we offer Plastic sheets, artificial plants, desk mats, dining mats, coasters, yoga mats, inner shoe soles. |
Top brands - |
Raw materials needed Plastic resins and polymers for manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from sustained supply contracts with major retailers. |
Our industry position Key exporter in specialized plastic products niche for home decor with ISO 9001:2015 certification. |
Financial highlights FY 2024-25 revenue Rs. 173 crores, net profit Rs. 11.7 crores, profitable growth though slight EPS dip to Rs. 4.71. |
Geographical revenue split Exports contribute approximately 71%; domestic sales around 29%. |
Order book - |
Whats driving growth Expansion in product portfolio, export market penetration, and adoption of new artificial plants and flowers. |
Our future plans Product development in artificial plants, leveraging IPO funds for working capital and expansion. |
Our green promise Operating solar power plants and investing in solar energy LLP to reduce carbon footprint. |
Our people and values Emphasis on skilled workforce, diversity, governance, and ethical business practices. |
Key challenges ahead Managing rising raw material costs and maintaining profit margins amid global competition. |
Interesting facts ISO 9001:2015 certified manufacturing; part of Rajoo Group; successful IPO in 2023. |
Risks and strategy Raw material price fluctuation managed by efficient procurement; expansion of diversified product range to mitigate risks. |
