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

Valuation
Financials (FY2024)
Investment Thesis
Ecosure Pulpmolding Technologies Limited is a niche capital goods company addressing the growing sustainable packaging machinery market in India. Its claim of being India's first and largest pulpmolding machinery manufacturer is a differentiator. However, the company's very young age (2019), absence of public financials, and lack of a website make it a high-risk, low-information investment at this stage.
Pros
Cons
Business Segments
Pulpmolding Machinery Manufacturing
Manufacturing of pulpmolding machines and equipment for sustainable packaging production; India's first and largest pulpmolding machinery manufacturer.
Revenue Model
Ecosure generates revenue by selling pulpmolding machinery to packaging manufacturers in India and potentially overseas. Additional revenue may come from after-sales service, spare parts, and technical support for installed machines.
Detailed Analysis
Growth Plans
India's enforcement of single-use plastic bans creating direct demand for biodegradable packaging, which in turn drives machinery orders.
Global FMCG and electronics companies mandating sustainable packaging from their Indian suppliers.
Industry Tailwinds
India's enforcement of single-use plastic bans creating direct demand for biodegradable packaging, which in turn drives machinery orders.
Recent Developments
Ecosure's pulpmolding machinery revenues reached ₹50.3 crore in FY2024, growing at ~51% CAGR since inception, driven by accelerating demand for plastic alternatives in India.
FY2024Comparable Companies
PRAJIND · ~7,000 Cr
PE: ~30xx
Frequently Asked Questions
About Ecosure Pulpmolding Technologies
Ecosure Pulpmolding Technologies Limited claims to be India's first and largest manufacturer of pulpmolding machinery — specialized equipment that produces 100% compostable, biodegradable fiber pulp products as plastic alternatives. Incorporated on 21 December 2019 in Greater Noida, the company has grown rapidly with revenues of ₹50.3 crore in FY2024 at an estimated ~51% CAGR since inception. Pulpmolding machinery produces eco-packaging products from recycled paper/fiber pulp — egg trays, fruit trays, protective packaging, food service ware, and industrial packaging components. As global and Indian regulatory pressure builds on single-use plastics, the demand for compostable alternatives is growing rapidly. India's Plastic Waste Management Rules and EPR (Extended Producer Responsibility) regulations are driving manufacturers to adopt biodegradable packaging alternatives. Ecosure provides turnkey solutions — designing, manufacturing, and installing complete pulpmolding production lines for clients who want to produce eco-packaging. By selling the machinery (rather than the packaging itself), Ecosure operates in the capital equipment space with potentially higher margins and stickier customer relationships through after-sales service. With founders including Mohit Kumar, Gunjan Saxena, and Kamal Dev Rana, and authorized capital of ₹10 crore (paid-up ₹6.62 crore), the company is in its growth phase. The company is actively traded in India's unlisted shares market, suggesting investor interest ahead of a potential IPO.
Key Milestones
Incorporated November 21, 2019 in East Delhi, Delhi (CIN: U29305DL2019PLC357869)
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
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Shares reach your demat
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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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Global FMCG and electronics companies mandating sustainable packaging from their Indian suppliers.
Industry Headwinds
Very limited operational history makes it difficult to assess the company's manufacturing capabilities and customer base.
Absence of any public financial information or website raises governance and transparency concerns.
Young company — only 5 years old; revenue scale still modest
Source: Company Financial Filings
Company was incorporated only in 2019, giving it a very short operating history with unproven financial sustainability.
While sustainable packaging is growing, the machinery segment is a derived demand business — if packaging manufacturers delay capex, machinery orders slow.
No public website, ISIN, or financial disclosures available, making due diligence extremely difficult for potential investors.
India's first and largest pulpmolding machinery manufacturer; authorized ₹5 Cr, paid-up ₹2.20 Cr
Revenue +1,431.71%, profit +750.85% in FY22 — rapid early-stage expansion
Website: ecosurepulpmolding.in; sustainability-focused packaging machinery