BSE: 526717 | NSE: | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that HCP Plastene Bulkpack Ltd is a below average quality company.
The key valuation ratios of HCP Plastene Bulkpack Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HCP Plastene Bulkpack 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 % ⓘ | 3.2% | 8.1% | 9.5% | 14.8% | -83.6% | -48.5% | 100.9% | -2.5% | -5.5% | -0.2% | - |
| Value Creation Index ⓘ | -0.8 | -0.4 | -0.3 | 0.1 | NA | NA | 6.2 | -1.2 | -1.4 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 282 | 304 | 314 | 267 | 188 | 5.6 | 15.9 | 49.3 | 48.4 | 45.6 | 78 |
| Sales YoY Gr. | - | 7.8% | 3.1% | -14.9% | -29.6% | -97% | 182.4% | 210.8% | -1.9% | -5.9% | - |
| Adj EPS ⓘ | -5.1 | 0.2 | 0.8 | 8.6 | -87.8 | -20.4 | 63.4 | -3.6 | -5.2 | -2.7 | 0.2 |
| YoY Gr. | - | NA | 315.8% | 989.9% | -1120% | NA | NA | -105.7% | NA | NA | - |
| BVPS (₹) ⓘ | 21.5 | 21.9 | 23.2 | 31.2 | -52.4 | -72.8 | 25.7 | 22.1 | 41 | 38.6 | 40.7 |
| Adj Net Profit ⓘ | -4.6 | 0.2 | 0.7 | 7.6 | -89.3 | -20.7 | 64.9 | -3.7 | -5.5 | -2.8 | 0 |
| Cash Flow from Ops. ⓘ | -1.6 | 13.8 | 12.8 | 3.9 | 45.9 | 4.5 | -15.8 | 5.3 | -15 | -13.1 | - |
| Debt/CF from Ops. ⓘ | -60.4 | 6.8 | 7.3 | 27.4 | 2.2 | 22 | -2.4 | 7.4 | -2.3 | -3.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -18.4% | -24.7% | 42.1% | -5.9% | ||||
| Adj EPS ⓘ | NA | NA | -134.7% | NA | ||||
| BVPSⓘ | 6.7% | NA | 14.5% | -6% | ||||
| Share Price | 21.7% | 87.8% | -36% | -37.6% | ||||
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 % ⓘ | -17.4 | 0.7 | 3.1 | 30.3 | 762.7 | 32.6 | -272.2 | -15.1 | -16.6 | -6.6 | 0.5 |
| Op. Profit Mgn % ⓘ | 2 | 3.7 | 5 | 9.3 | -37.6 | -203.3 | -23.5 | 5.9 | -1.8 | 2.9 | 8 |
| Net Profit Mgn % ⓘ | -1.6 | 0.1 | 0.2 | 2.9 | -47.5 | -368.6 | 408.8 | -7.5 | -11.4 | -6.2 | 0.3 |
| Debt to Equity ⓘ | 4 | 3.9 | 4.5 | 3.8 | -1.9 | -1.3 | 1.4 | 1.7 | 0.8 | 1.2 | 0.8 |
| Working Cap Days ⓘ | 105 | 118 | 129 | 178 | 191 | 2,811 | 614 | 153 | 156 | 222 | 77 |
| Cash Conv. Cycle ⓘ | 68 | 69 | 70 | 90 | 79 | 1,062 | 33 | -21 | 2 | 112 | 10 |
Return on Equity has increased versus last 3 years average to 0.50%
Sales growth is growing at healthy rate in last 3 years 42.11%
Sales growth is good in last 4 quarters at 106.55%
Net Profit has been subdued in last 3 years -134.70%
Debt to equity has increased versus last 3 years average to 1.17
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.2 | 2.9 |
| TTM Sales (₹ Cr.) | 78 | 378 |
| BVPS (₹.) ⓘ | 40.7 | 49.5 |
| Reserves (₹ Cr.) ⓘ | 33 | 42 |
| P/BV ⓘ | 3.69 | 3.03 |
| PE ⓘ | 755.04 | 52.50 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 147.20 / 252.70 |
| All Time Low / High (₹) | 0.37 / 1286.75 |
| Market Cap (₹ Cr.) | 160 |
| Equity (₹ Cr.) | 10.7 |
| 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 | 282 | 304 | 314 | 267 | 188 | 6 | 16 | 49 | 48 | 46 |
| Operating Expenses ⓘ | 277 | 293 | 298 | 242 | 259 | 17 | 20 | 46 | 49 | 44 |
| Manufacturing Costs | 20 | 24 | 23 | 23 | 20 | 1 | 4 | 11 | 7 | 10 |
| Material Costs | 239 | 253 | 257 | 200 | 176 | 9 | 11 | 30 | 36 | 27 |
| Employee Cost | 5 | 6 | 6 | 8 | 7 | 1 | 1 | 4 | 4 | 5 |
| Other Costs ⓘ | 13 | 11 | 11 | 11 | 56 | 6 | 4 | 2 | 2 | 2 |
| Operating Profit ⓘ | 6 | 11 | 16 | 25 | -71 | -11 | -4 | 3 | -1 | 1 |
| Operating Profit Margin (%) | 2.0% | 3.6% | 5.0% | 9.3% | -37.6% | -203.0% | -23.5% | 5.9% | -1.8% | 2.8% |
| Other Income ⓘ | 4 | 5 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Interest ⓘ | 8 | 9 | 10 | 11 | 13 | 4 | 1 | 3 | 3 | 4 |
| Depreciation ⓘ | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 3 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 1 | -1 | 0 | 0 | 53 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -5 | 0 | 1 | 7 | -89 | -21 | 44 | -5 | -7 | -4 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -20 | -1 | -2 | -1 |
| Profit After Tax | -5 | 0 | 1 | 7 | -89 | -21 | 64 | -4 | -5 | -3 |
| PAT Margin (%) | -1.7% | 0.1% | 0.4% | 2.7% | -47.3% | -368.0% | 400.9% | -7.5% | -11.1% | -6.1% |
| Adjusted EPS (₹) | -5.3 | 0.4 | 1.3 | 8.0 | -87.6 | -20.4 | 62.2 | -3.6 | -5.0 | -2.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 24 | 24 | 21 | 28 | -53 | -74 | 26 | 23 | 44 | 41 |
| Share Capital ⓘ | 14 | 14 | 9 | 9 | 10 | 10 | 10 | 10 | 11 | 11 |
| Reserves ⓘ | 10 | 11 | 12 | 19 | -63 | -84 | 16 | 12 | 33 | 30 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 92 | 88 | 86 | 97 | 61 | 61 | 38 | 30 | 21 | 42 |
| Long Term Debt | 48 | 39 | 35 | 35 | 0 | 0 | 38 | 30 | 21 | 26 |
| Short Term Debt | 44 | 48 | 52 | 61 | 61 | 61 | 0 | 0 | 0 | 16 |
| Trade Payables | 22 | 29 | 35 | 45 | 43 | 34 | 7 | 17 | 4 | 2 |
| Others Liabilities ⓘ | 8 | 16 | 21 | 17 | 44 | 46 | -23 | -14 | -12 | -20 |
| Total Liabilities ⓘ | 145 | 156 | 163 | 186 | 94 | 68 | 49 | 55 | 56 | 65 |
Fixed Assets | ||||||||||
| Gross Block | 99 | 100 | 102 | 106 | 109 | 107 | 106 | 106 | 108 | 107 |
| Accumulated Depreciation | 47 | 53 | 59 | 64 | 70 | 74 | 79 | 81 | 84 | 86 |
| Net Fixed Assetsⓘ | 52 | 47 | 44 | 42 | 39 | 32 | 27 | 25 | 25 | 21 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 9 | 9 |
| Inventories | 29 | 34 | 36 | 49 | 5 | 1 | 7 | 3 | 6 | 5 |
| Trade Receivables | 49 | 57 | 65 | 71 | 27 | 20 | 3 | 6 | 5 | 18 |
| Cash Equivalents | 1 | 1 | 1 | 2 | 1 | 3 | 0 | 0 | 1 | 1 |
| Others Assetsⓘ | 13 | 17 | 18 | 23 | 22 | 12 | 11 | 11 | 11 | 11 |
| Total Assets ⓘ | 145 | 156 | 163 | 186 | 94 | 68 | 49 | 55 | 56 | 65 |
| 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 ⓘ | -2 | 14 | 13 | 4 | 46 | 4 | -16 | 5 | -15 | -13 |
| PBT ⓘ | -5 | 0 | 1 | 7 | -89 | -21 | 44 | -5 | -7 | -4 |
| Adjustment ⓘ | 13 | 16 | 14 | 18 | 46 | 10 | -45 | 8 | 6 | 6 |
| Changes in Working Capital ⓘ | -10 | -3 | -3 | -21 | 89 | 16 | -14 | 3 | -14 | -15 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Cash Flow From Investing Activity ⓘ | -18 | 0 | -2 | -5 | -3 | 0 | -1 | -3 | -2 | 1 |
| Capex | -19 | 0 | -2 | -4 | -3 | 0 | -1 | -3 | -2 | 0 |
| Net Investments | 0 | 0 | 0 | -8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | 20 | -13 | -12 | 1 | -43 | -4 | 14 | -2 | 18 | 11 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 2 | 6 | 0 | 10 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -2 | 10 | -36 | 0 | 6 | 1 | -5 | 14 |
| Interest Paid ⓘ | -8 | -9 | -10 | -11 | -13 | -4 | -1 | -3 | -3 | -4 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 28 | -4 | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 0 |
| Net Cash Flow ⓘ | 0 | 1 | -1 | 1 | 0 | 1 | -3 | 0 | 1 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -22.05 | 1.64 | 5.73 | 29.47 | N/A | N/A | 0 | -15.03 | -16.11 | -6.51 |
| ROCE (%) | 3.17 | 8.08 | 9.49 | 14.83 | N/A | N/A | 100.9 | -2.51 | -5.45 | -0.17 |
| Asset Turnover Ratio | 2.22 | 2.05 | 2.01 | 1.53 | 1.34 | 0.07 | 0.27 | 0.95 | 0.87 | 0.75 |
| PAT to CFO Conversion(x) | N/A | N/A | 13 | 0.57 | N/A | N/A | -0.25 | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 58 | 63 | 69 | 92 | 95 | 1,525 | 264 | 36 | 41 | 92 |
| Inventory Days | 34 | 38 | 40 | 58 | 53 | 206 | 86 | 35 | 31 | 43 |
| Payable Days | 28 | 37 | 46 | 73 | 91 | 1,502 | 708 | 146 | 104 | 39 |
Gopala PolyPlast is a manufacturer of woven label, Garment Label, Woven Labels, Customized Woven Labels, Indian Woven Label, Garment Woven Labels, Fancy Woven Label, and Quality Woven Label. Woven Label India-Woven Label Supplier-Indian Woven Label-India Woven Label Woven Labels, woven label manufacturer and PP woven bag in India.
Gopala Polyplast, a listed public limited company having its registered office in Mumbai and manufacturing units at Santej & Kadi in Gujarat and at Silvassa in D& NH. Gopala Polyplast, has a state of art imported plant for manufacturing labels. The Jacquard Looms are imported from Switzerland with supporting CAD studio and pattern creating & weave software supplied by the plant manufacturer itself. The company has further machines for value added functions like Cut & Fold, Filled Label machine, Ultrasonic Laser cutting machine which help the company to cater to the add on requirement of Garment manufacturers.
The company has a presence at all the major garment manufacturing locations in the Country. It has direct marketing offices at Mumbai, Chennai, Gurgaon (Delhi), Tirupur, Bangalore and Ahmedabad. It also has an agent set up at Kolkata, Ludhiana and Indore. The Company is also getting into buying houses for nomination as supplier of labels to various overseas garment company who are sourcing their products from Asia & Africa.
The company was set up to manufacture PP/PE Woven Sacks at Kadi, Gujarat with an installed capacity of 0.70 Lac bags per month. Since then, the company has grown leaps & bound with three manufacturing units located at Kadi, Santej and Silvassa with an installed capacity of 130 lakh bags per month in its woven sacks division. In the year 1993, the company diversified into the textile industry by putting up a plant to manufacture Woven Jacquard labels for garments. This division started with a capacity of 550 Lac pcs p.a. capacity has today reached to a level of 3000 Lac pcs p.a. Today GOPALA is one of the top ten players of the country in both divisions.
The company has the best insfrastructure in terms of factory building and plant & machinery. At its Santej works the company has three tape extrusion plants which are supplemented with 170 Circular Weaving Looms and other Quality Control Equipments. The Kadi & Santej works houses the Finishing division with Automatic Cutting & Printing Machines and Stitching Machines.
Woven sacks are the best and the most cost effective packaging solution for industries like cement, fertilizer, sugar, chemicals, foodgrains, etc. There are various types of bags made out of PP/ HDPE and with or without lamination. Apart from it there are Jumbo bags which are used to pack bulk quanitities. Off late woven fabric which is the first stage of woven sacks, is a preferred medium for bale wrapping and rain protection in the form of Tarpaulin.
Today majority of woven sacks manufacturers are into different products from the above, however Gopala Polyplast has been solely into manufacturing of woven sacks for cement packaging. This specialization has helped the company to get associated with the best of the Cement manufacturers in the country with some of the companies sourcing their packaging requirement from the company for the last 10 years and more. The company is presently manufacturing woven sacks for :
Product range of the company includes:
Apart from woven labels,they have capability to supply special labels like self sticking labels, printed labels, PU labels, tags, etc. This capability combined with their vast experience in the textile industry, make them 'One-Stop' manufacturing facility for your requirements in the garment sector.
Different divisions of the company :
Achievements/ recognition :
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