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Dhunseri to invest ₹2,240 crore to expand plastic film capacity by 2029
At Panagarh in West Bengal, where it already operates an existing unit, Dhunseri Poly Films Private Limited—a 100 per cent subsidiary of Dhunseri Ventures—is looking to set up at least two additional lines: a BOPET (biaxially oriented polyethylene terephthalate) line and a BOPP (biaxially oriented polypropylene) line. The investment for this project is estimated at ₹1,000 crore, and the lines are expected to be operational by 2029.
C K Dhanuka, chairman of the Dhunseri Group, said that the Panagarh expansion proposal would be tabled at the next board meeting for approval. The capital expenditure is expected to be funded through a debt-equity ratio of 70:30.
At Kathua in Jammu, the foundation stone for two BOPP plants was laid on 8 June. These lines are targeted for commissioning by March 2027.
With the additional lines at Panagarh and the proposed facility in Jammu, Dhunseri Poly Films' installed capacity by 2029 will reach approximately 120,000 tonnes for BOPET films and 210,000 tonnes for BOPP films. Currently, the company has an installed capacity of about 51,200 tonnes of BOPET films at Panagarh.
The group also has business interests in the downstream petrochemical and tea sectors. Dhunseri Ventures, the holding company of the group, holds a 50:50 joint venture with Indorama Group engaged in PET manufacturing in India (at Haldia and Karnal) and in Egypt.
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Business Standard
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Whirlpool of India shares slip 2% post Q1 results; Should investors hold?
Shares of Whirlpool of India declined on Monday after the company reported a drop in revenue for the first quarter of the current financial year (Q1FY26). Further, analysts remain cautious due to the promoters' proposed stake sale and the lack of clarity on future leadership. The household appliances maker's stock fell as much as 2.32 per cent during the day to ₹1,366.6 per share, the biggest intraday fall since July 8 this year. The stock pared losses to trade 1.4 per cent lower at ₹1,379 apiece, compared to a 0.14 per cent decline in Nifty 50 as of 9:55 AM. Whirlpool of India Q1 results The company reported a marginal increase in its consolidated net profit to ₹146.08 crore for the June 2025 quarter. It had posted a net profit of ₹145.25 crore during the April-June quarter of the previous fiscal. US-based Whirlpool Corporation's India unit's revenue from operations slipped 2.58 per cent to ₹2,432.32 crore during the quarter under review. It was ₹2,496.86 crore in the corresponding period of the previous fiscal. "Despite a very significant decline in industry of air conditioners and refrigerators in Q1 2025-26 versus a year ago due to a poor summer and onset of early monsoon that affected all players, Whirlpool was able to actually grow profits by keeping its volume decline minimal via continuing to gain market shares in the refrigerator and washer category in April-May," the company said in its earning statement. Analysts on Whirlpool of India Q1 Centrum Broking expects the company to post a 13 per cent sales CAGR and a 170 basis points improvement in Ebitda margin over FY25-28, leading to a 25 per cent CAGR in profit after tax. Strong balance sheet, negative net working capital, and healthy cash flows are key strengths, Centrum noted. Notable achievements over the past six quarters include strong execution, market share gains, and an improving margin profile. However, the parent entity's proposed stake reduction from 51 per cent to 20 per cent is likely to remain a near-term overhang, it said, maintaining a 'Add' rating with a target of ₹1,525 for the stock. Whirlpool reported revenue short of Nuvama's estimates, due to a weak summer season and early monsoon, analysts said. While business and financial performance remain strong, the parent company's impending stake reduction and the resulting lack of visibility on new ownership remain key overhangs, Nuvama said. Nuvama has raised its FY26-28 EPS estimates by 1-3 per cent and expects revenue, Ebitda, and PAT to grow at compound annual rates of 8-13 per cent and 16 per cent, respectively. The brokerage revised the target price to ₹1,380 (earlier ₹1,340) and the rating was retained at 'Hold'.
Time of India
an hour ago
- Time of India
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In just the past year, the stock is up 117%, fueled by rising demand in shared mobility and last-mile delivery Global's Aakanksha Chopra points out that the stock's re-rating has been backed by a sharp operational turnaround, strategic realignment of its business model, and disciplined capital transformation is evident in the numbers. From FY22 to FY25, revenue surged from ₹3,240 crore to ₹8,072 crore, representing nearly 2.5x growth. "Net profit swung from losses to over ₹800 crore, driven by operating leverage, a premium product mix, and strong execution," Chopra noted. "EBITDA margins expanded to 14%, and ROCE improved to approximately 25%, highlighting a high-quality earnings profile."The momentum shows no signs of abating. In Q1 FY26 alone, Force Motors reported a 22% year-on-year rise in consolidated revenue to ₹2,297 crore, according to Kalp Jain, Research Analyst at INVasset PMS. "Operating performance was even stronger — EBITDA jumped 33% to ₹332 crore, pushing margins to 14.4%. Net profit surged 52% YoY to ₹176 crore."Sunny Agrawal, Head - Fundamental Research at SBI Securities , highlights the operational drivers: "26% volume growth in the UV segment in 1QFY26 for Force Motors. Sales/EBITDA/PAT up by 22%/32%/52% YoY to Rs 2297/323/176 cr."The strong performance stems from "strong response to the Urbania utility vehicle which has emerged as a leading choice for employee transportation and short haul tourist travel along with the Traveller," Agrawal Jonagadla, smallcase Manager and Founder of Quantace Research, identifies three key drivers behind Force Motors' 20-bagger run: "A structural step-up in profitability — Q1 FY26 net profit leapt 52% YoY to ₹176 cr on a 14.4% EBITDA margin, the fourth straight quarter above 14%."The second pillar is order visibility. "A 2,978-unit Gurkha contract for the Indian defence forces secures c. ₹1,000 cr revenue over FY26-27," Jonagadla noted. Agrawal confirms: "Company won an order from Defence Ministry for supplying 2,978 Gurkha vehicles in Mar'25."The third pillar involves "sticky, high-margin engine outsourcing for Mercedes-Benz and BMW, underscored by the 100,000-th BMW powertrain rolled out in June 2025," according to company's transformation from a traditional commercial vehicle player to a sophisticated OEM partner has been remarkable. "The company's premium engine assembly partnership with BMW and Mercedes-Benz has scaled meaningfully and now contributes a significant share of revenue with higher realizations," Chopra elaborates on this strategic shift: "Once seen as a modest player in the light commercial vehicle segment, Force Motors has reinvented itself. 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Time of India
an hour ago
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From Jan Dhan accounts to mutual fund SIPs, here is how you can empower your domestic staff financially
For 48-year-old Kakoli Chowdhury, charity literally began at home. Watching her mother help their domestic staffers and sponsor their kids' education imbibed in her an innate need to do the same. Little wonder then that Chowdhury is currently paying Rs.16,000 a month as coaching fee for her helper, Uma Maitri's son, who is in Class 12. This is only one of the many initiatives she has undertaken over the years to empower her household staffers, contributing and encouraging them to start savings and investments . Many others like Chowdhury have been stewarding a silent, overt crusade to support this economically vulnerable segment—maids, cooks, drivers, nannies—who help in the smooth running of households, but remain bereft of financial safety nets. The National Sample Survey Office (2011-12) has pegged the number of domestic workers in India at 3.9 million, with 2.6 million women, while the International Labour Organisation estimates this number to be much higher at around 20-80 million. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Artificial Intelligence Data Science Leadership CXO Degree Others Public Policy Digital Marketing MBA Product Management Cybersecurity Technology PGDM Data Science Finance Healthcare Operations Management Design Thinking Management others healthcare Data Analytics MCA Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details This unorganised and marginalised sector has had few financial rights or economic security, with little or no long-term savings and funds to educate their children or retire in old age, no health insurance for medical needs or life insurance, and meagre knowledge about investing avenues. Women helpers are in a worse situation, many of them working as single mothers and sole bread winners. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » While several government schemes, including those for life and health insurance, pension , affordable housing, etc., have been launched in the past few years to improve the financial security for this segment, not many domestic workers are aware of or know how to benefit from these (see table). 'There are thousands of welfare schemes that they don't know about. This is why, be it schemes or investing, it's important to first educate the households and employers, who can then help their domestic helpers,' says Roopa Venkatkrishnan, Director, Sapient Wealth, a Mumbai-based financial advisory and distribution firm. Venkatkrishnan has been walking the talk since 2004 by holding financial literacy sessions for both the households and domestic staffers. Going a step further is Bengaluru-based Haqdarshak ( a for-profit social enterprise, which helps low-income segments access government welfare schemes. It claims a digital database of over 7,500 state and central welfare programs—health and life insurance, disability pension, education subsidies, housing subsidies, among others—and offers a 'Yojana Card' that can tell the worker about the schemes he is eligible for. It could help your helpers if you can inform them about it. Apprising them of the government welfare schemes is not the only way you can help your domestic staffers. They need assistance on every front: identifying saving and investing options for their kids' education and medical needs, tech-enablement, budgeting advice, career guidance, and saving up for their old age. 'You don't necessarily need to become their financial adviser, but guidance in navigating the formal financial systems, hand-holding and helping them with forms or digital onboarding, explaining terms, or demonstrating digital tools can also lead to a tremendous improvement in their financial stability and well-being,' says Atul Shinghal, Founder and CEO, Scripbox. Mumbai-based Namrata Vishal Lodaya knows about hand-holding, having helped all her three maids and two cooks with financial advice on career, investment, entrepreneurship, savings and much more. 'I taught business skills to Varsha tai to help open her beauty parlour and offered Pushpa tai's daughter career guidance in fashion designing,' says the 40-year-old. Here are some areas you can also help the people who make a critical contribution in ensuring that your lives run smoothly. Savings & investments As a first step, if your helpers don't have a bank account yet, help them open one under the Pradhan Mantri Jan Dhan Yojana. There is no minimum balance to be maintained and account holders get a RuPay debit card. They also get a Rs.2 lakh accident insurance with RuPay card, an overdraft facility up to Rs.10,000, and eligibility for various government schemes with the account. Rashida, 40 Chawla pays an annual premium of Rs.12,617 for a Rs.4 lakh family floater health plan for Rashida and her two children. Shikha Chawla (right) 42, Noida Next, prompt them into investing their money instead of keeping it in bank. You could start them on simple instruments that are easy to understand, such as a recurring deposit, fixed deposit, Post Office term deposit or even the Public Provident Fund (PPF) (see table). For women, a good option is the Mahila Samman Savings Certificate, and for their girl children, the Sukanya Samriddhi Yojana, both of which offer high interest rates. While Lodaya helped her maid, Priya, 39, open a bank account and fixed deposit, Chowdhury went a step ahead. She started a recurring deposit and Sukanya Samriddhi account by contributing Rs.10,000 for each account for her maid, Ram Dulari, and her daughter, in 2012. She also took other helpers to the post office to invest in Kisan Vikas Patra (KVP) and National Savings Certificates (NSC). 'I always felt they should save more by investing in instruments that offer a higher interest rate, instead of keeping the money in bank,' says the Delhibased IT professional. Investment options for your domestic helpers Venkatkrishnan even advocates mutual fund SIPs for long-term savings and high returns. 'I tell them that they can invest in mutual funds with as low a sum as Rs.100 or Rs.500 and get high returns over the long term,' she says. 'Another important thing is to tell them to keep away from chit funds and move to formal investing options like FDs. Insurance companies have also made deep inroads and sell plans pitching high returns, but they need to move to better forms of investing,' says Mrin Agarwal, Founder, Finsafe India. Agrees Venkatkrishnan: 'People lose money through Ponzi schemes, insurance plans and chit funds and should know about it.' Buying insurance Another financial pitfall for this segment is medical and hospitalisation expenses . 'Most families with limited means try to secure food, shelter and education, but forget about emergency health fund. During an illness, they are forced to look around, desperate for help from employers, friends, anyone,' says Noida-based Communication Consultant Shikha Chawla. She bought a family floater health insurance plan worth Rs.4 lakh for Rashida and her two children in 2018. She continues to pay the annual premium of Rs.12,617 even though Rashida no longer works for them. A good option is the government scheme, Ayushman Bharat or the Pradhan Mantri Jan Arogya Yojana, which offers a Rs.5 lakh cover per family for secondary and tertiary care hospitalisation. 'I also tell them and their employers to register with hospitals with their ration cards so that they can get free treatment,' says Venkatkrishnan. For life insurance, you can help them buy the Pradhan Mantri Jeevan Jyoti Bima Yojana as it can secure their children in case of the helpers' untimely death. For 18-50 age group with a bank account, it offers a life cover of Rs.2 lakh and the annual premium is `436, which is auto-debited from the bank account. The scheme is offered by the Life Insurance Corporation and other life insurers that provide it on similar terms. Financial & tech literacy One of the most important contributions you can make in your helpers' lives is by teaching them the basics of finance and making them tech-literate. 'Guide them in using UPI apps like Google Pay or PhonePe. This drastically simplifies transactions, bill payments and transfers, reducing reliance on cash,' says Shinghal. Also teach them about basic concepts like household budgeting, long-term investments, covering risk through insurance, taking loans, or even starting their own small businesses. Help them with documen-tation and online access to welfare schemes. Lodaya has mastered the art of leading by example when it comes to upskilling her helpers. 'I talk to them about how I manage my finances or use technology and then they follow suit. For instance, when I needed to raise funds for my husband's medical expenses, I used Ketto, and when Priya ben's husband fell ill later, she managed to raise Rs.55,000-60,000 by doing the same,' says Lodaya. Pension & loans While saving for retirement may seem difficult for helpers trying to survive from month to month , the government Atal Pension Yojana is a good vehicle that is open to all savings bank/post office savings bank account holders in the 18-40 age group. It offers a guaranteed minimum monthly pension of Rs.1,000-5,000 to the subscriber after 60 years, and after him to his spouse. When it comes to taking loans, try and desist your helpers from taking informal, unsecured loans with high interest rates. Steer them towards formal bank loans. 'I tell the employers to give their helpers salaries via cheques, so that they can show income and file their tax returns. This is because with three years of returns they can avail of home loans easily,' says Venkatkrishnan. If loans are not feasible for them, help them out with personal contributions, say, for their children's education, weddings, etc.
