BSE: 544035 | NSE: | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Swashthik Plascon Ltd is a below average quality company.
The key valuation ratios of Swashthik Plascon Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Swashthik Plascon 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.
Value Creation Index Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 8.7% | 8.7% | 18.8% | 15.4% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | 0.4 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 33.9 | 49.5 | 45.6 | 43.5 | 43 |
| Sales YoY Gr. | - | 45.9% | -7.8% | -4.7% | - |
| Adj EPS ⓘ | -0.2 | -0.2 | 2.2 | 3.2 | 2.9 |
| YoY Gr. | - | NA | NA | 45% | - |
| BVPS (₹) ⓘ | 10.3 | 10.5 | 15.9 | 35.4 | 39.3 |
| Adj Net Profit ⓘ | -0.1 | -0.1 | 2.8 | 5.6 | 6 |
| Cash Flow from Ops. ⓘ | 2.5 | 2.3 | 3.7 | -15.9 | - |
| Debt/CF from Ops. ⓘ | 6.2 | 6.5 | 4.3 | -0.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 8.7% | -4.7% | ||||
| Adj EPS ⓘ | NA | NA | NA | 45% | ||||
| BVPSⓘ | NA | NA | 50.8% | 122.5% | ||||
| Share Price | - | - | - | -40.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | -2.3 | -1.7 | 21 | 13.5 | 7.6 |
| Op. Profit Mgn % ⓘ | 4.6 | 5.2 | 13.4 | 12.4 | NAN |
| Net Profit Mgn % ⓘ | -0.4 | -0.2 | 6.1 | 12.8 | 12.8 |
| Debt to Equity ⓘ | 2.5 | 2.4 | 0.8 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 135 | 121 | 185 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 91 | 83 | 106 | 0 |
Debt to equity has declined versus last 3 years average to 0.14
Return on Equity has declined versus last 3 years average to 7.60%
Sales growth has been subdued in last 3 years 8.65%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.9 | 3.9 |
| TTM Sales (₹ Cr.) | 43.5 | 126 |
| BVPS (₹.) ⓘ | 39.3 | 40.3 |
| Reserves (₹ Cr.) ⓘ | 57 | 59 |
| P/BV ⓘ | 1.29 | 1.26 |
| PE ⓘ | 17.85 | 13.16 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 47.08 / 104.50 |
| All Time Low / High (₹) | 47.08 / 133.95 |
| Market Cap (₹ Cr.) | 99.1 |
| Equity (₹ Cr.) | 19.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 34.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
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| Cosmo First | 630.6 | -1.6 (-0.3%) | Small Cap | 2,391 | 28.4 | 1.1 | 22.3 | 1.3 |
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| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 33.90 | 49.47 | 45.62 | 43.48 |
| Operating Expenses ⓘ | 32.35 | 46.91 | 39.51 | 38.09 |
| Manufacturing Costs | 3.22 | 2.98 | 0.25 | 3.61 |
| Material Costs | 24.40 | 39.26 | 31.68 | 29.45 |
| Employee Cost | 3.01 | 3.25 | 3.92 | 3.49 |
| Other Costs ⓘ | 1.73 | 1.41 | 3.66 | 1.54 |
| Operating Profit ⓘ | 1.54 | 2.56 | 6.11 | 5.39 |
| Operating Profit Margin (%) | 4.6% | 5.2% | 13.4% | 12.4% |
| Other Income ⓘ | 1.44 | 0.39 | 0.27 | 3.85 |
| Interest ⓘ | 1.66 | 1.62 | 2.18 | 1 |
| Depreciation ⓘ | 1.13 | 1.10 | 0.96 | 0.97 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.20 | 0.23 | 3.24 | 7.26 |
| Tax ⓘ | 0.13 | 0.10 | 0.44 | 1.71 |
| Profit After Tax | 0.07 | 0.13 | 2.80 | 5.55 |
| PAT Margin (%) | 0.2% | 0.3% | 6.1% | 12.8% |
| Adjusted EPS (₹) | 0.1 | 0.2 | 2.2 | 3.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 6.19 | 6.32 | 20.38 | 62.09 | ||||||
| Share Capital ⓘ | 6 | 6 | 12.82 | 17.56 | ||||||
| Reserves ⓘ | 0.19 | 0.32 | 7.55 | 44.52 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 15.06 | 14.74 | 15.90 | 8.78 | ||||||
| Long Term Debt | 6.88 | 6.75 | 7.41 | 8.62 | ||||||
| Short Term Debt | 8.18 | 7.98 | 8.48 | 0.16 | ||||||
| Trade Payables | 5.32 | 3.32 | 2.92 | 8.27 | ||||||
| Others Liabilities ⓘ | 1.42 | 2.88 | 9.88 | 3.84 | ||||||
| Total Liabilities ⓘ | 27.99 | 27.25 | 49.08 | 82.97 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 21.83 | 22.36 | 10.27 | 21.98 | ||||||
| Accumulated Depreciation | 13.18 | 14.28 | 0 | 0 | ||||||
| Net Fixed Assetsⓘ | 8.66 | 8.08 | 10.27 | 21.98 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0.93 | 0.93 | 11.63 | 13.58 | ||||||
| Inventories | 7.32 | 7.86 | 13.98 | 20.54 | ||||||
| Trade Receivables | 9.63 | 8.94 | 10.12 | 16.50 | ||||||
| Cash Equivalents | 0.01 | 0.02 | 0.02 | 0.01 | ||||||
| Others Assetsⓘ | 1.45 | 1.43 | 3.06 | 10.37 | ||||||
| Total Assets ⓘ | 27.99 | 27.25 | 49.08 | 82.97 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2.45 | 2.30 | 3.71 | -15.88 |
| PBT ⓘ | 0.20 | 0.23 | 3.23 | 4.98 |
| Adjustment ⓘ | 2.57 | 2.66 | 2.73 | 1.78 |
| Changes in Working Capital ⓘ | -0.31 | -0.59 | -1.84 | -20.9 |
| Tax Paid ⓘ | 0 | 0 | -0.41 | -1.74 |
| Cash Flow From Investing Activity ⓘ | -1.50 | -0.53 | -2.89 | -12.69 |
| Capex | -1.50 | -0.53 | -3.15 | -12.68 |
| Net Investments | 0 | 0 | 0.26 | -0.01 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -0.95 | -1.76 | -0.83 | 28.56 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 36.49 |
| Net Proceeds from Borrowing ⓘ | 0.66 | -0.20 | 0.44 | 1.21 |
| Interest Paid ⓘ | -1.62 | -1.56 | -1.77 | -0.81 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0.50 | -8.32 |
| Net Cash Flow ⓘ | 0 | 0.01 | -0.01 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.12 | 2.08 | 20.99 | 13.47 | ||||||
| ROCE (%) | 8.71 | 8.68 | 18.83 | 15.43 | ||||||
| Asset Turnover Ratio | 1.21 | 1.79 | 1.8 | 1.11 | ||||||
| PAT to CFO Conversion(x) | 35 | 17.69 | 1.33 | -2.86 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 104 | 68 | 51 | 66 | ||||||
| Inventory Days | 79 | 56 | 58 | 86 | ||||||
| Payable Days | 80 | 40 | 36 | 69 | ||||||
Swashthik Plascon was originally formed on June 30, 2006 as a Partnership Firm under the name and style of ‘Swashthik Caps’. Subsequently, the company was converted into Private Limited Company as ‘Swashthik Caps Private Limited’ vide certificate of incorporation dated May 05, 2011 issued by the Registrar of Companies, Pondicherry. Subsequently, the company name was changed to Swashthik Plascon Private Limited pursuant to issuance of Fresh Certificate of Incorporation dated June 13, 2023 by Registrar of Companies, Pondicherry. Subsequently the company was converted into Public Limited Company and name of company was changed from ‘Swashthik Plascon Private Limited’ to ‘Swashthik Plascon Limited’ vide fresh certificate of incorporation dated July 17, 2023 issued by the Registrar of Companies, Pondicherry.
The company is mainly engaged in the business of manufacturing of a wide range of PET Bottles and PET Preforms which includes PET Bottles for Pharmaceutical application, Liquor application, FMCG Packaging, House Hold applications, Dish wash liquid packaging, Repellent dispenser etc and PET Preforms for Soft Drinks bottles, Packaged Drinking Water bottle and Juice bottles.
The company manufactures Bottles and Preforms in Continuous Injection Stretch Moulding Machines with advanced Technology using 100% virgin food grade quality material. Production takes place in an enclosed dust proof environment with quality testing at regular intervals. The products are packed in CFC trays with POF shrink film & then carefully packed in corrugated boxes. Overall colour migration test, heavy metal testing and analysis are done to ensure it give best quality finished products to its Valued Customers.
The company has a well-equipped quality control lab with in house testing equipment’s to test the capacity and quality of its products. Its finished products undergo strict quality check to ensure that they are of required quality as per the standards set. Its in-house testing team regulates and monitors the quality, safety and packaging of Bottles and Preforms. There are also in-house developed quality check procedures and the internationally standardized top-level quality check parameters in addition to the required standards. This allows it to guarantee that its customers get products of the highest quality. Its production plants are certified according to the ISO 9001 Quality management system.
Business area of the company
The company is mainly engaged in the business of manufacturing of a wide range of PET Bottles and PET Preforms which includes PET Bottles for Pharmaceutical application, Liquor application, FMCG Packaging, House Hold applications, Dish wash liquid packaging, Repellent dispenser etc. and PET Preforms for Soft Drinks bottles, Packaged Drinking Water bottle and Juice bottles.
Products of the company
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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