Mamata Machinery’s clientele includes prominent companies such as Balaji Wafers Pvt. Ltd., Dass Polymers Pvt. Ltd., Jflexy Packaging Pvt. Ltd., Euphoria Packaging Pvt. Ltd., Sunrise Packaging, Om Flex India, Chitale Foods, V3 Polyplast Pvt. Ltd., Dhalumal Packaging Industries LLC, Laxmi Snacks Pvt. Ltd., Ganges Jute Pvt. Ltd., Western India Cashew Company Pvt. Ltd., N. N. Print & Pack Pvt. Ltd., Gits Food Products Pvt. Ltd., Emirates National Factory for Plastic Ind LLC, Dhwani Polyprints Pvt. Ltd., Kamakshi Suedpack Pvt. Ltd., Bansal Industries, and Hershey India Pvt. Ltd.
As of September 30, 2024, Mamata Machinery has supplied machines to more than 75 countries worldwide.
The Gujarat manufacturing facility is ISO 9001:2015 certified for quality management systems for the design, manufacture, installation, and servicing of plastic bag-making machines, pouch-making machines, sachet packaging machines, and their attachments.
The company’s machines are sold under the brand names "Vega" and "Win." As of September 30, 2024, the company has installed over 4,500 machines.
The company has been granted four patents. The patents are for a design and method to stack bags at high speeds, a machine design and manufacturing process for flat-bottom pouches, a multi-purpose sealing module for plastic film-based bags and pouch-making machine and a cross-sealing machine.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 192.25 crore in FY22 to Rs 200.86 crore in FY23 to Rs 236.61 crore in FY24. PAT increased from Rs 21.70 crore in FY22 to Rs 22.50 crore in FY23 to Rs 36.12 crore in FY24.
A significant portion of the company’s revenue comes from the FMCG, food, beverage, and consumer industries, primarily through the manufacturing and supply of plastic bags and pouch-making machines. This segment contributed Rs 10.62 crore (38.45%) in the three months ending June 30, 2024, and Rs 150.05 crore (63.41%), Rs 121.53 crore (60.51%), and Rs 128.46 crore (66.82%) in FY24, FY23, and FY22, respectively to the revenue from operations. Any slowdown in these industries, adverse changes in the plastic processing and packaging machinery or slide in the operations of the plastic bag and pouch-making machines could negatively impact the company’s business and financial performance.
A substantial portion of the revenue from operations is derived from international sales. These accounted for Rs 19.45 crore (70.42%) in the three months ending June 30, 2024, and Rs 154.46 crore (65.28%), Rs 143.66 crore (71.52%), and Rs 127.12 crore (66.13%) in FY24, FY23, and FY22, respectively, of the revenue from operations. Any adverse developments in the business environment of these markets could hit the company’s operations.
The company’s revenue is dependent on a few key clients. Revenue from the top 10 customers contributed Rs 20.26 crore (74.64%) in the three months ending June 30, 2024, and Rs 74.27 crore (31.69%), Rs 59.48 crore (30.00%), and Rs 57.91 crore (30.59%) in FY24, FY23, and FY22, respectively, to the revenue from operations. Any loss of any key customer or slowdown in purchases from them could adversely affect the company.
A major share of revenue comes from exports, accounting for 70.42%, 65.28%, 71.52%, and 66.13% of total revenue for the three months ending June 30, 2024, and FY24, FY23, and FY22, respectively. Any disruptions in export operations could negatively affect the company’s financial performance and operations.
The company, its subsidiaries, directors, promoters, and group companies are involved in certain legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.