Is Plastiblends India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Plastiblends India Ltd is a average quality company .

Is Plastiblends India undervalued or overvalued?

The key valuation ratios of Plastiblends India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Plastiblends India share price return in the past 10 years?

Plastiblends India Ltd share price has appreciated 6.8% annually (CAGR) over the past ten years.

Is Plastiblends India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Plastiblends India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Plastiblends India Ltd - Stock Valuation and Financial Performance

Name: Plastiblends India
Brand: Plastiblends India

BSE: 523648 | NSE: PLASTIBLEN | Chemicals | Small Cap

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Plastiblends India Share Price

₹246.15 -6.30 -2.50%
as on 20-Dec'24 16:59

10 Year X-Ray of Plastiblends India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	26.9%	24.9%	18.7%	13.7%	14.2%	15.8%	16.3%	13.4%	9.5%	11.8%	-
Value Creation Index ⓘ	0.9	0.8	0.3	0.0	0.0	0.1	0.2	0.0	-0.3	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	494	520	545	568	627	606	577	718	769	802	793
Sales YoY Gr.	-	5.2%	4.9%	4.1%	10.4%	-3.4%	-4.7%	24.3%	7.1%	4.4%	-
Adj EPS ⓘ	11.3	14	12.4	10	12	13.8	13.7	13.2	9.4	11.9	13.3
YoY Gr.	-	24.8%	-12%	-19%	19.8%	15.3%	-0.7%	-3.7%	-28.5%	26.4%	-
BVPS (₹) ⓘ	60.6	70.9	86	95.4	103.4	108.1	127	146.8	152	156	162.4
Adj Net Profit ⓘ	29.2	36.5	32.1	26	31.2	35.9	35.7	34.3	24.5	31	35
Cash Flow from Ops. ⓘ	36.7	71.1	25.3	14.7	58.9	74.4	48.1	15.4	72.3	38.1	-
Debt/CF from Ops. ⓘ	0.6	1.2	3.6	7.2	1.3	0.7	0.7	2.2	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.5%	5.1%	11.6%	4.4%
Adj EPS ⓘ	0.7%	-0.1%	-4.6%	26.4%
BVPSⓘ	11.1%	8.6%	7.1%	2.6%
Share Price	6.8%	6.9%	3.7%	-14.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.9	21.4	15.8	11	12.1	13.1	11.7	9.7	6.3	7.7	8.3
Op. Profit Mgn % ⓘ	10.3	11.4	11.7	9.7	9.6	11.1	11.9	8.7	6.3	6.7	6.7
Net Profit Mgn % ⓘ	5.9	7	5.9	4.6	5	5.9	6.2	4.8	3.2	3.9	4.4
Debt to Equity ⓘ	0.1	0.5	0.4	0.4	0.3	0.2	0.1	0.1	0	0	0
Working Cap Days ⓘ	120	123	129	148	141	136	144	129	119	105	69
Cash Conv. Cycle ⓘ	72	67	74	98	107	112	114	106	97	84	55

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.30%

Sales growth is growing at healthy rate in last 3 years 11.59%

Net Profit has been subdued in last 3 years -4.55%

Sales growth is not so good in last 4 quarters at 0.66%

Latest Financials - Plastiblends India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	13.3	-
TTM Sales (₹ Cr.)	793	-
BVPS (₹.) ⓘ	162.4	-
Reserves (₹ Cr.) ⓘ	410	-
P/BV ⓘ	1.52	-
PE ⓘ	18.54	-

From the Market
52 Week Low / High (₹)	227.35 / 398.65
All Time Low / High (₹)	1.49 / 398.65
Market Cap (₹ Cr.)	640
Equity (₹ Cr.)	13
Face Value (₹)	5
Industry PE ⓘ	57.2

Management X-Ray of Plastiblends India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Plastiblends India

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Price to Earnings

Enterprise Value to EBIT

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Plastiblends India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	494	520	545	568	627	606	577	718	769	802
Operating Expenses ⓘ	444	461	482	513	567	538	509	655	720	749
Manufacturing Costs	25	27	29	29	36	36	34	40	47	53
Material Costs	347	359	393	424	474	422	393	535	587	601
Employee Cost	16	20	25	26	27	31	31	34	36	39
Other Costs ⓘ	55	55	35	34	30	50	50	47	49	57
Operating Profit ⓘ	51	59	63	55	60	67	69	62	48	53
Operating Profit Margin (%)	10.3%	11.4%	11.6%	9.7%	9.6%	11.1%	11.9%	8.7%	6.3%	6.6%
Other Income ⓘ	2	2	2	2	1	3	4	6	7	10
Interest ⓘ	4	4	8	8	8	2	3	3	2	1
Depreciation ⓘ	6	6	11	12	12	17	16	16	16	15
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	43	52	46	38	42	52	53	49	36	46
Tax ⓘ	13	14	14	11	10	14	16	12	10	12
Profit After Tax	30	38	33	27	31	37	37	37	27	35
PAT Margin (%)	6.1%	7.2%	6.0%	4.8%	5.0%	6.1%	6.5%	5.1%	3.5%	4.3%
Adjusted EPS (₹)	11.6	14.5	12.6	10.5	12.0	14.3	14.4	14.1	10.3	13.3
Dividend Payout Ratio (%)	24%	24%	10%	24%	23%	26%	28%	28%	39%	32%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	158	184	224	248	269	281	330	381	395	405
Share Capital ⓘ	6	6	6	13	13	13	13	13	13	13
Reserves ⓘ	151	178	217	235	256	268	317	368	382	392
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	20	82	91	105	70	40	32	34	0	1
Long Term Debt	0	34	41	25	17	9	0	0	0	0
Short Term Debt	20	48	50	80	53	31	32	34	0	1
Trade Payables	29	50	36	41	16	20	26	24	28	23
Others Liabilities ⓘ	51	45	48	47	60	68	65	79	61	53
Total Liabilities ⓘ	258	361	399	441	414	409	453	518	484	482
Fixed Assets
Gross Block	116	201	180	197	206	227	241	266	266	271
Accumulated Depreciation	43	50	11	22	33	49	64	79	88	98
Net Fixed Assetsⓘ	73	151	169	176	173	178	177	187	179	174
CWIP ⓘ	5	1	0	1	0	3	9	2	0	1
Investmentsⓘ	3	3	10	11	8	6	24	51	67	71
Inventories	45	57	71	98	80	99	124	136	122	126
Trade Receivables	92	108	110	121	132	101	94	119	91	88
Cash Equivalents	3	3	2	2	2	1	3	2	3	3
Others Assetsⓘ	37	38	36	34	18	21	22	20	23	20
Total Assets ⓘ	258	361	399	441	414	409	453	518	484	482

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	37	71	25	15	59	74	48	15	72	38
PBT ⓘ	43	52	46	38	42	52	53	49	36	46
Adjustment ⓘ	9	9	20	19	20	19	18	14	12	8
Changes in Working Capital ⓘ	1	25	-31	-29	13	17	-13	-36	34	-4
Tax Paid ⓘ	-13	-12	-11	-13	-16	-14	-10	-12	-10	-12
Cash Flow From Investing Activity ⓘ	-19	-80	-25	-17	-8	-20	-27	-5	-26	-27
Capex	-20	-81	-26	-18	-9	-21	-21	-6	-8	-12
Net Investments	0	0	1	0	1	0	-7	0	-19	-16
Others ⓘ	0	0	0	0	0	0	1	1	1	1
Cash Flow From Financing Activityⓘ	-18	9	0	3	-51	-55	-19	-12	-45	-11
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-6	0	0	0	-8	-8	-17	0	0	0
Interest Paid ⓘ	0	0	-8	-8	-8	-1	-3	-3	-1	-1
Dividend Paid ⓘ	-8	-19	-1	-4	-8	-20	0	-11	-10	-10
Others ⓘ	-5	28	8	14	-27	-25	1	2	-34	0
Net Cash Flow ⓘ	-1	0	0	0	-1	-1	1	-1	1	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	20.42	22.04	16.04	11.59	12.06	13.53	12.22	10.31	6.92	8.63
ROCE (%)	26.85	24.93	18.73	13.66	14.22	15.83	16.26	13.4	9.53	11.81
Asset Turnover Ratio	2.1	1.81	1.56	1.38	1.47	1.47	1.35	1.49	1.55	1.68
PAT to CFO Conversion(x)	1.23	1.87	0.76	0.56	1.9	2	1.3	0.41	2.67	1.09
Working Capital Days
Receivable Days	62	65	67	73	74	70	61	54	50	40
Inventory Days	35	33	39	53	52	54	70	66	61	56
Payable Days	32	40	40	33	22	15	21	17	16	15

Plastiblends India Ltd Stock News

Plastiblends India Ltd FAQs

What is the share price of Plastiblends India?

Company share prices are keep on changing according to the market conditions. The closing price of Plastiblends India on 20-Dec-2024 16:59 is ₹246.2.

What is the market cap of Plastiblends India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Plastiblends India stood at ₹639.7.

What is the P/E ratio of Plastiblends India?

The latest P/E ratio of Plastiblends India as of 20-Dec-2024 16:59 is 18.54.

What is the P/B ratio of Plastiblends India?

The latest P/B ratio of Plastiblends India as of 20-Dec-2024 16:59 is 1.52.

What is the 52-week high and low of Plastiblends India?

The 52-week high of Plastiblends India is ₹398.6 and the 52-week low is ₹227.3.

What is the TTM revenue of Plastiblends India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Plastiblends India is ₹793.0 ( Cr.) .

About Plastiblends India Ltd

Plastiblends India Limited, promoted by the 'Kolsite Group' is located in the union territory of Daman, to manufacture various types of Master Batches, Compounds, Blends, Alloys, etc. for the Plastics Industry. Plastiblends India Limited is the first masterbatch manufacturing company in India who has been awarded ISO 9001 Quality Assurance Certification by TUV Bayern, Germany.

Plastiblends India (PBI) is Indiaâ€™s largest manufacturer and exporter of masterbatches and additive compounds for the plastic processing industry. Headquartered in Mumbai, India, their world class manufacturing, product development and application facilities are located in Daman and Roorkee.

The company has made a large investments in innovative technology and R&D and is having a total manufacturing capacity of over 40000 Tones per annum.

The companyâ€™s products are highly compatible with a wide range of polymers like polyolefin, polystyrenes, polyamides, PBT, PET and a diverse range of engineering plastics.

Backed by years of experience the company is able to offer optimum solutions to its customers by constantly monitoring market demand and customersâ€™ changing needs.

PBI has got the coveted â€˜Export Houseâ€™ status by Government of India. They have been making a major export thrust in keeping with their global aspirations. Their products match international quality standards making them globally acceptable. They have been exporting to more than 30 countries worldwide in Asian, African, European, South American Markets and New Zealand. They are poised to extend their footprint to the advanced North American Markets.

Product range of the company includes:

Plastiblends India Limited produces a large range of standard colours suitable for all major processing methods and compatible with polyolefins like PE, PP, EVA. They also supply universal master batches compatible with various plastics like HIPS, ABS, Filled PP.

White Masterbatches
Black Masterbatches
Color Masterbatches
Additive Masterbatches
Speciality Masterbatches
Conductive Compound
Filler

Its range of Additive Masterbatches include :

Slip Additives, Antioxidants, Antiblocking Agents, Antistatic Agents, Antifibrillation Agents, Ultraviolet Absorbers, Blowing Agents, Nucleating Agents, Optical Brightner and Special Additives.

Achievements/ recognition:

First Indian MB manufacturer with ISO 9001-2000 certification by TUV Bayern, Germany.
2009 - Plastic Export Promotion Council has awarded to the Company a Certificate and a Trophy for winning First Position as a "Top Exporter for Masterbatches".
The Company has been ranked at 97th position among the Top 500 Manufacturing SMB's for its superior financial performance
2011 - The Plastic Export Promotion Council (PLEXCONCIL) has awarded to the Company a Certificate and a Trophy for winning First Position as a "Top Exporter of Masterbatches"
2012 - The Company had participated in "Plastindia 2012" 8th International Exhibition held at Pragati Maidan, New Delhi. Plastiblends was bestowed with the Plasticon "GOLD TROPHY AWARD" for Fastest Growing Enterprise-Processing (Commodity Polymers).