BSE: 526703 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ecoplast Ltd is a good quality company.
The key valuation ratios of Ecoplast Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ecoplast Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.5% | 15.8% | 14.5% | 16.5% | 14.5% | 14% | 3.5% | -3.7% | 18.5% | 33.2% | - |
| Value Creation Index ⓘ | -0.1 | 0.1 | 0.0 | 0.2 | 0.0 | 0 | -0.8 | -1.3 | 0.3 | 1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 94.1 | 93.1 | 96.1 | 95.9 | 92.7 | 96.2 | 75.4 | 94.1 | 96 | 113 | 119 |
| Sales YoY Gr. | - | -1.1% | 3.3% | -0.2% | -3.3% | 3.8% | -21.7% | 24.9% | 2% | 18.2% | - |
| Adj EPS ⓘ | 4.7 | 7.5 | 6.4 | 8.5 | 10.6 | 13.2 | 0 | -6.4 | 7.1 | 30.3 | 29.4 |
| YoY Gr. | - | 59.8% | -15.5% | 33.2% | 25.5% | 23.9% | -99.9% | -63800% | NA | 328.7% | - |
| BVPS (₹) ⓘ | 67.4 | 73.3 | 80.5 | 89 | 97.6 | 106.6 | 105.8 | 95.7 | 111 | 140.8 | 150.7 |
| Adj Net Profit ⓘ | 1.4 | 2.3 | 1.9 | 2.5 | 3.2 | 4 | 0 | -1.9 | 2.1 | 9.1 | 9 |
| Cash Flow from Ops. ⓘ | 5.8 | 6 | 2.7 | 6.4 | 3.5 | 5.4 | 8.5 | -2.4 | 14.8 | 12.8 | - |
| Debt/CF from Ops. ⓘ | 2.2 | 1.7 | 5.2 | 1.6 | 2.6 | 2.3 | 0.9 | -5.7 | 0.1 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.1% | 4.1% | 14.6% | 18.2% | ||||
| Adj EPS ⓘ | 23% | 23.3% | 1347.2% | 328.7% | ||||
| BVPSⓘ | 8.5% | 7.6% | 10% | 26.9% | ||||
| Share Price | 31.3% | 50.6% | 112% | 110.5% | ||||
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 % ⓘ | 7.1 | 10.7 | 8.3 | 10 | 11.4 | 12.9 | 0 | -6.3 | 6.8 | 24.1 | 20.2 |
| Op. Profit Mgn % ⓘ | 6 | 7 | 6.1 | 6.7 | 7 | 8.5 | 4.3 | 0.7 | 5.9 | 11.5 | 10.3 |
| Net Profit Mgn % ⓘ | 1.5 | 2.4 | 2 | 2.7 | 3.4 | 4.1 | 0 | -2 | 2.2 | 8 | 7.4 |
| Debt to Equity ⓘ | 0.6 | 0.5 | 0.6 | 0.4 | 0.3 | 0.4 | 0.3 | 0.5 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 116 | 112 | 112 | 124 | 129 | 127 | 162 | 134 | 117 | 85 | 48 |
| Cash Conv. Cycle ⓘ | 58 | 56 | 58 | 69 | 76 | 80 | 108 | 91 | 77 | 46 | 34 |
Return on Equity has increased versus last 3 years average to 20.20%
Sales growth is growing at healthy rate in last 3 years 14.60%
Net Profit is growing at healthy rate in last 3 years 1347.20%
Sales growth is good in last 4 quarters at 13.32%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 29.4 | 29.7 |
| TTM Sales (₹ Cr.) | 119 | 119 |
| BVPS (₹.) ⓘ | 150.7 | 151 |
| Reserves (₹ Cr.) ⓘ | 42 | 42 |
| P/BV ⓘ | 4.45 | 4.44 |
| PE ⓘ | 22.80 | 22.54 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 279.20 / 735.00 |
| All Time Low / High (₹) | 3.00 / 735.00 |
| Market Cap (₹ Cr.) | 201 |
| Equity (₹ Cr.) | 3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 41.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 94 | 93 | 96 | 96 | 93 | 96 | 75 | 94 | 96 | 113 |
| Operating Expenses ⓘ | 88 | 87 | 90 | 89 | 86 | 89 | 72 | 94 | 90 | 100 |
| Manufacturing Costs | 7 | 8 | 8 | 8 | 8 | 9 | 7 | 8 | 9 | 12 |
| Material Costs | 74 | 69 | 72 | 70 | 65 | 64 | 53 | 70 | 68 | 71 |
| Employee Cost | 5 | 6 | 7 | 7 | 8 | 9 | 8 | 10 | 9 | 11 |
| Other Costs ⓘ | 3 | 3 | 3 | 4 | 5 | 7 | 4 | 6 | 5 | 6 |
| Operating Profit ⓘ | 6 | 7 | 6 | 6 | 6 | 7 | 3 | 0 | 6 | 13 |
| Operating Profit Margin (%) | 6.0% | 7.0% | 6.1% | 6.7% | 7.0% | 7.1% | 4.3% | 0.3% | 5.9% | 11.5% |
| Other Income ⓘ | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 4 | 2 |
| Interest ⓘ | 2 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 0 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 4 | 3 | 5 | 4 | 5 | 0 | -3 | 6 | 12 |
| Tax ⓘ | 1 | 1 | 1 | 2 | 1 | 2 | 0 | -1 | 2 | 3 |
| Profit After Tax | 2 | 2 | 2 | 3 | 3 | 3 | 0 | -2 | 4 | 9 |
| PAT Margin (%) | 1.6% | 2.5% | 2.4% | 3.1% | 3.7% | 3.5% | 0.3% | -1.9% | 4.6% | 8.3% |
| Adjusted EPS (₹) | 5.0 | 7.8 | 7.7 | 9.9 | 11.3 | 11.3 | 0.8 | -5.9 | 14.8 | 31.6 |
| Dividend Payout Ratio (%) | 24% | 19% | 16% | 15% | 13% | 13% | 191% | 0% | 10% | 10% |
| 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 | 20 | 22 | 24 | 27 | 29 | 32 | 32 | 29 | 33 | 42 |
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves ⓘ | 17 | 19 | 21 | 24 | 26 | 29 | 29 | 26 | 30 | 39 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 12 | 10 | 13 | 9 | 8 | 11 | 5 | 12 | 0 | 0 |
| Long Term Debt | 3 | 2 | 3 | 2 | 1 | 4 | 5 | 3 | 0 | 0 |
| Short Term Debt | 8 | 7 | 10 | 7 | 7 | 8 | 1 | 9 | 0 | 0 |
| Trade Payables | 9 | 8 | 10 | 9 | 8 | 8 | 8 | 8 | 6 | 9 |
| Others Liabilities ⓘ | 4 | 3 | 4 | 4 | 3 | 3 | 6 | 6 | 4 | 4 |
| Total Liabilities ⓘ | 44 | 43 | 50 | 48 | 48 | 54 | 51 | 54 | 44 | 55 |
Fixed Assets | ||||||||||
| Gross Block | 28 | 29 | 14 | 16 | 17 | 26 | 27 | 28 | 30 | 32 |
| Accumulated Depreciation | 17 | 19 | 2 | 4 | 5 | 8 | 10 | 13 | 15 | 16 |
| Net Fixed Assetsⓘ | 11 | 10 | 13 | 12 | 12 | 18 | 17 | 16 | 15 | 16 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Investmentsⓘ | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Inventories | 9 | 9 | 10 | 11 | 12 | 10 | 10 | 13 | 10 | 12 |
| Trade Receivables | 17 | 17 | 19 | 17 | 17 | 21 | 20 | 20 | 12 | 11 |
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 10 |
| Others Assetsⓘ | 6 | 6 | 5 | 5 | 5 | 3 | 3 | 4 | 3 | 4 |
| Total Assets ⓘ | 44 | 43 | 50 | 48 | 48 | 54 | 51 | 54 | 44 | 55 |
| 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 ⓘ | 6 | 6 | 3 | 6 | 4 | 5 | 9 | -2 | 15 | 13 |
| PBT ⓘ | 2 | 4 | 3 | 5 | 4 | 5 | 0 | -3 | 6 | 12 |
| Adjustment ⓘ | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 2 | 2 |
| Changes in Working Capital ⓘ | 1 | 1 | -3 | 0 | -2 | -2 | 5 | -5 | 8 | 1 |
| Tax Paid ⓘ | -1 | -1 | -1 | -2 | -1 | -2 | 0 | 0 | -1 | -3 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | -4 | -1 | 0 | -7 | -1 | -2 | 1 | -4 |
| Capex | -1 | -1 | -4 | -1 | -2 | -9 | -1 | -2 | 0 | -4 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 2 | 1 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -5 | -5 | 2 | -6 | -3 | 2 | -7 | 4 | -14 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 1 | -1 | 1 | -1 | -1 | 3 | 1 | -2 | -2 | 0 |
| Interest Paid ⓘ | -2 | -1 | -2 | -2 | -2 | -1 | -1 | -1 | -1 | 0 |
| Dividend Paid ⓘ | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -4 | -1 | 3 | -2 | 0 | 0 | -7 | 8 | -10 | -1 |
| Net Cash Flow ⓘ | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.63 | 11.03 | 10 | 11.7 | 12.1 | 11.06 | 0.74 | -5.83 | 14.34 | 25.06 |
| ROCE (%) | 12.46 | 15.82 | 14.52 | 16.54 | 14.51 | 14.04 | 3.47 | -3.71 | 18.51 | 33.2 |
| Asset Turnover Ratio | 2.27 | 2.37 | 2.3 | 2.02 | 1.94 | 1.9 | 1.44 | 1.8 | 1.97 | 2.31 |
| PAT to CFO Conversion(x) | 3 | 3 | 1.5 | 2 | 1.33 | 1.67 | N/A | N/A | 3.75 | 1.44 | Working Capital Days |
| Receivable Days | 60 | 60 | 62 | 66 | 65 | 70 | 99 | 77 | 60 | 36 |
| Inventory Days | 35 | 31 | 32 | 40 | 45 | 42 | 50 | 45 | 44 | 37 |
| Payable Days | 45 | 44 | 45 | 47 | 45 | 43 | 55 | 42 | 37 | 38 |
The company was incorporated on May 7,1981 as Ecoplast Pvt. Ltd.. The name of the company was changed to Ecoplast Limited on June 18, 1994, for which a fresh Certificate of Incorporation was issued by the Registrar of Companies, Gujarat on July 11, 1994.
The company commenced its commercial operation in September 1982, with a plant of annual capacity of 540 MT. it was initially registered as an SSI Unit. The company expanded its capacity in 1986 to 1400 MT/year and was registered as a DGTD Unit. The two co-extrusion lines were supplied by Paul Kiefel, GmbH, W. Germany, a well known supplier world-wide of film Co-extrusion equipment.
Over the decade, the company has been setting standards on quality and innovating on multilayer film structures to provide the required film properties critical to pack, preserve and display a wide range of products.
Ecoplast Ltd. is in the business of manufacturing and selling polyethylene films for flexible packaging and other specialty applications. The films currently manufactured are known as multilayer films produced by the blown film Co-extrusion process.
Multilayer films, are a combination of two or more thermoplastics co-extruded to form one homogenous film, but with distinct individual layers, which depending on their structure, can provide a range of properties not possible with monolayer films.
The company further expanded its multilayer film production capacity by 2500 MT in 1995.The company commenced exports of films to convertors in the Middle East in the year 2000. Since then exports have grown at the rate of 50% per year, to 1200 MT in the year ended March 31, 2003.
To support the growth in exports and to reduce delivery time, the company further expanded its Multilayer film capacity by 60% in the year ended 31st March 2001. With this expansion the company's Multilayer film capacity grew to 7500 MT per year. The total area of the factory is 7700 sq. meters. Six blown film lines are housed in the two buildings of area 1700 sq. meters. Total manpower of the organisation is 92.
Product range of the company includes:
Surface Protection Films They can manufacture SPF Films upto 1300 mm in Black and White and 1550mm in White Opaque and natural.
They are always willing to develop individual requirements and their sales and technical team are always on hand to give recommendation on the appropriate product that is suitable for your application.
Achievements/ recognition:-
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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