Kabra Extrusion Technik Ltd: From Pipes to Power Packs – Midcap Marvel or Plastic Pipe Dream?
1. At a Glance
Kabra Extrusion is India’s OG in plastic extrusion machinery—think industrial-sized toothpaste tubes making pipes and films. Now also chasing EV battery dreams via its Battrixx brand. But FY25 results? Let’s just say they were more “meh” than “yeah.”
2. Introduction with Hook
Imagine a 1980s uncle who spent four decades perfecting plastic pipe-making machines. Now imagine him having a midlife crisis and deciding to build EV battery packs. That’s Kabra Extrusion Technik.
15,000+ machines installed in 100+ countries
40% market share in extrusion segment
FY25 Net Profit YoY drop: ~10% Battrixx is supposed to be the knight in lithium-ion armor. But right now, it’s still warming up.
3. Business Model (WTF Do They Even Do?)
Core Biz: Plastic Extrusion Machinery (74% of FY25 revenue)
Pipe & film extrusion lines
Blown film lines
Sheet extrusion
Market leader with ~40% share in India
New Biz: Lithium-Ion Battery Packs (via Battrixx)
Active since FY21
Supplies to OEMs like Hero Electric
Received AIS 156 certification
Collaborating with EVE Power for Battery Energy Storage Systems (BESS)
Two engines, one old-school and proven, the other shiny and “in-development”.
