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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

52-Week Range
Valuation
Financials (FY2023-24)
Investment Thesis
Deepak Houseware and Toys Limited is a newly incorporated (2020) Bhiwadi-based plastic houseware and toys manufacturer operating in a sector that has received significant government support through PLI schemes, BIS import certification mandates, and the National Toy Action Plan. While these policy tailwinds are genuinely favorable for domestic toy manufacturers, the company's very short operating history, absence of a public digital presence, and intense competition from established players limit the near-term investment thesis. At ₹59 per share in the unlisted market, investors are essentially making an early-stage bet on the company's ability to scale in a competitive consumer goods segment with strong macro drivers.
Pros
Cons
Business Segments
Houseware & Toys (Urban Tots)
Manufacturing and distribution of houseware products and toys under the Urban Tots brand; targeting modern urban consumers.
Revenue Model
Deepak Houseware and Toys Limited generates revenue through the manufacture and/or distribution of plastic houseware products and toys to wholesale distributors, retailers, and e-commerce platforms serving the Indian domestic consumer market. Revenue is transaction-based on product sales, with margins determined by raw material costs (primarily plastic resin — PP, HDPE, ABS), manufacturing efficiency, and competitive pricing in the consumer goods market. Distribution may include direct supply to modern trade (supermarkets, hypermarkets) and general trade (kiranas, local retailers) channels.
Detailed Analysis
Growth Plans
Government's National Toy Action Plan targeting India to become a global toys hub with $3 billion in exports
PLI scheme for toys providing direct financial incentives for domestic manufacturers
Rising Indian middle class driving consumer goods and toys demand across Tier 2 and Tier 3 cities
E-commerce expansion enabling smaller regional manufacturers to reach national retail audiences
Recent Developments
145 employees as of September 2024; Urban Tots brand scaling rapidly from Bhiwadi manufacturing base.
FY2025Comparable Companies
Frequently Asked Questions
About Deepak Houseware & Toys
Deepak Houseware and Toys Limited is a Bhiwadi, Rajasthan-based manufacturer of plastic houseware products and toys, incorporated in 2020. Despite being a relatively young company, it has demonstrated rapid revenue growth — reported revenues of approximately ₹79.5 crore in FY2024, representing a ~60% CAGR since its early operating years. The company is registered under NIC code 25111, indicating its focus on plastics-based consumer goods manufacturing. Bhiwadi in Rajasthan's Alwar district is a major industrial hub for plastics and consumer goods manufacturing, providing Deepak Houseware access to established supply chains, labor pools, and proximity to the large Delhi-NCR consumer market. The company's product range spans everyday kitchen and home utility items — storage containers, kitchenware, tiffin boxes, water bottles — alongside plastic toys for children. The Indian organized houseware market is estimated at over ₹15,000 crore and growing at 10-12% annually, driven by urbanization, nuclear family formation, and aspirational consumption. Within this, the plastic-to-premium transition represents a key structural shift that benefits organized manufacturers who can meet quality and design standards. Deepak Houseware's rapid revenue growth of ~60% CAGR in its early years suggests successful product-market fit and strong distribution ramp-up, particularly in North India. The company likely sells through a combination of modern trade (supermarkets, hypermarkets), general trade (kirana stores), and emerging e-commerce channels. As an unlisted entity, shares are accessible only via the secondary market. The company has no publicly announced IPO plans, though its growth trajectory may make it a candidate for capital markets in the medium term.
Key Milestones
Incorporated August 6, 2020 in Bhiwadi, Rajasthan (CIN: U25111RJ2020PLC070129)
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Bhiwadi's DMIC location providing logistics advantages for pan-India distribution
Industry Tailwinds
Government's National Toy Action Plan targeting India to become a global toys hub with $3 billion in exports
PLI scheme for toys providing direct financial incentives for domestic manufacturers
Rising Indian middle class driving consumer goods and toys demand across Tier 2 and Tier 3 cities
E-commerce expansion enabling smaller regional manufacturers to reach national retail audiences
Bhiwadi's DMIC location providing logistics advantages for pan-India distribution
Industry Headwinds
Very limited operational track record as a 2020 incorporation
Intense competition from established national and regional plastic houseware manufacturers
Crude oil price volatility impacting plastic resin costs
Sustainability regulations increasing compliance costs for plastic manufacturers
Company incorporated only in 2020 — limited operational track record
Source: Media Reports / Public Records
No credit rating or institutional investors
Source: AlphaHub Research
Incorporated in 2020, Deepak Houseware and Toys has a very limited operating history. Early-stage companies face risks around achieving scale, establishing distribution, and reaching profitability. Financial track record cannot be independently assessed.
The plastic houseware and toys sector is extremely competitive. Established domestic players (Nilkamal, Cello, Supreme Industries, Playgro) have significant brand, scale, and distribution advantages over new entrants.
Plastic product manufacturing costs are directly tied to crude oil-derived raw materials (PP, HDPE, ABS resins). Crude oil price volatility directly impacts production costs and margins.
India's extended producer responsibility (EPR) regulations and single-use plastic restrictions may impose additional compliance costs on plastic manufacturers. Growing consumer preference for sustainable packaging adds long-term pressure.
Mandatory BIS certification for toys requires ongoing compliance with quality standards. Any certification failure or product quality issue could disrupt sales and create reputational damage.
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NSE: CELLO · Mid-cap listed
Unlisted
Unlisted
ISIN INE0MQ801018 (scrip: Urban Tots); revenue ₹79.5 Cr (FY24); 60% CAGR
145 employees (Sep 2024); manufacturing at Plot SP2-875, RIICO Industrial Area Pathredi, Bhiwadi, Alwar 302023

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