Arrow Greentech Limited is a company that develops and manufactures environmentally friendly products. It was founded in 1992 to minimize environmental impact through its products and technologies. The company is famous for its green packaging technology. It is well-established both in India and on the international stage.
The company particularly focuses on water-soluble and biodegradable materials. It operates across various segments. This includes green products and high-tech products. Their products cater to a diverse range of applications such as packaging, hygiene, health, printing, security, and pharmaceuticals.
Products & Services
Arrow Greentech offers a range of products and services. Following are their products and services:
Watersol™ (Water-Soluble Film)
Watersol is Arrow Greentech’s most notable product. It is a water-soluble film made from polyvinyl alcohol that dissolves when it comes into contact with water. It's designed for various applications like packaging agrochemicals, and detergents, and even as a medium for embroidery.
BIOPLAST®
Greentech manufactures and markets a new generation of customized thermoplastic materials under the brand name BIOPLAST. All BIOPLAST® products are 100% biodegradable. They cater to the increasing demand for sustainable packaging solutions.
Packaging Solutions
The company provides innovative packaging solutions for a variety of sectors. This includes agrochemicals, laundry, hygiene, and health care. They use water-soluble and biodegradable technologies to create eco-friendly packaging.
Embroidery Films
These products are specialize films for the textile industry. They are for the process of embroidery to make it easier and more efficient. This also adds the benefit of being water-soluble for easy removal.
Mold Release & Water Transfer Films
These products are for the manufacturing process of creating patterns and designs on various objects. These films offer both aesthetic and functional benefits.
Security & Pharmaceutical Products
Arrow Greentech also produces high-tech products that include security solutions and pharmaceutical applications. However, the specific details of these offerings are more limited.
Intellectual Property & Consultation Services
The company has a significant portfolio of intellectual property rights. It provides solutions, applications, and management systems across several industries.
Competitors
The company operates in a competitive environment within the manufacturing and industrial sectors. They face competition, especially in the packaging and plastics sectors. Some of its close competitors include:
EPL
EPL (formerly Essel Propack Limited) is a market capitalization in this sector. It is significantly larger than Arrow Greentech's. EPL specializes in laminated tubes and plastic packaging solutions across various industries.
Time Technoplast
Time Technoplast is another strong company in the market. It offers a wide range of technology-based polymer products for industries like healthcare, FMCG, and automotive.
AGI Greenpac
It was formerly known as HSIL Limited. This company focuses on packaging products, container glass, and building products. It also shares the competitive space with Arrow Greentech.
Uflex
Uflex is another competitor of Arrow Greentech. It is recognized for its comprehensive range of flexible packaging solutions and a global presence.
Leadership & Management
Arrow Greentech Limited is led by a team of experienced individuals. They steer the company towards innovation and sustainability. The leadership and management team focuses on environmental care and developing green technologies.
Mr. Shilpan Patel is the Chairman and Managing Director of the company. He is credited with the development of water-soluble film technology. He has also led the company to secure numerous patents globally. The company has earned many recognitions under his leadership. This includes the National IP Award 2019 for Top Indian Company (MSME) for Patents & Commercialization.
Whereas, Mr. Neil Patel serves as the Joint Managing Director. He joined the company in 2009 and is involved in its operations since. His role includes overseeing audit and stakeholder relationship committees.
Financial Position
Arrow Greentech Ltd. has maintained a notable performance in the stock market and a solid financial position. As of recently, Arrow Greentech Ltd. had a market capitalization of ₹597 crore. The P/B ratio stood at 5.14 times as of the same date. This indicates a premium compared to its peers’ median range of 1.37 times. Moreover, the company's P/E ratio was 18.58 times. For FY 2023, Arrow Greentech reported revenue of ₹1.1 billion
Additionally, Arrow Greentech Limited share price on the NSE was ₹391.85 and ₹391.00 on the BSE. The company has experienced growth with a change of 31,880.00% since its IPO. The stock has provided strong returns. This includes a 1-year change of 66.98% and a 3-year change of 462.63%. The share price of Arrow Greentech indicates the performance of India’s environmental solutions and recycling sector.
Conclusion
In the end, Arrow Greentech is a company that produces products that can maintain a healthy environment. They use different technologies to develop such products. Their products have vast applications in other sectors as well. They have several major competitors in the market. However, despite that the management of the company is leading the company towards growth.