TPL Plastech Ltd - Stock Valuation and Financial Performance

BSE: 526582 | NSE: TPLPLASTEH | Plastic Products | Small Cap

TPL Plastech Share Price

103.40 -3.00 -2.82%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on TPL Plastech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

TPL Plastech stock performance -

mw4me loader
P/E Ratio (SA):
37.03
Market Cap:
806.6 Cr.
52-wk low:
49
52-wk high:
136.4

Is TPL Plastech Ltd an attractive stock to invest in?

1. Is TPL Plastech Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that TPL Plastech Ltd is a good quality company.

2. Is TPL Plastech Ltd undervalued or overvalued?

The key valuation ratios of TPL Plastech Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is TPL Plastech Ltd a good buy now?

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

10 Year X-Ray of TPL Plastech:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
TPL Plastech Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 18.6%23%22%18.8%16.4%15.5%13.5%18.6%19.7%20.7%-
Value Creation
Index
0.30.60.60.30.20.10.00.30.40.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 183178180192219209170229271313332
Sales YoY Gr.--2.7%1.1%6.6%14.1%-4.5%-18.5%34.1%18.3%15.6%-
Adj EPS 11.11.41.61.51.411.722.52.8
YoY Gr.-12.2%30.9%10.4%-8.8%-6.2%-24.3%66%14%28.2%-
BVPS (₹) 5.66.77.99.110.211.111.813.114.816.717.2
Adj Net
Profit
7.68.611.212.411.310.6813.315.219.522
Cash Flow from Ops. 9.332.73.569.43120.623-1.829.3-
Debt/CF from Ops. 4.50.710.69.36.21.31.40.8-21.50.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.1%7.4%22.4%15.6%
Adj EPS 11%11.5%34.4%28.2%
BVPS12.9%10.4%12.4%13%
Share Price 19.6% 54.4% 47.8% 93.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
18.517.819.718.71512.8913.71415.916.5
Op. Profit
Mgn %
9.911.812.112.711.611.411.911.71111.511.5
Net Profit
Mgn %
4.24.86.26.55.25.14.75.85.66.26.6
Debt to
Equity
10.50.60.80.70.50.30.20.30.20
Working Cap
Days
13614815917617919122116514513471
Cash Conv.
Cycle
5038344649504124354831

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.50%

Sales growth is growing at healthy rate in last 3 years 22.44%

Net Profit is growing at healthy rate in last 3 years 34.39%

Sales growth is good in last 4 quarters at 14.99%

No data to display

Latest Financials - TPL Plastech Ltd.

Standalone Consolidated
TTM EPS (₹) 2.8 2.5
TTM Sales (₹ Cr.) 332 313
BVPS (₹.) 17.2 17.2
Reserves (₹ Cr.) 118 118
P/BV 6.02 6.02
PE 37.03 40.64
From the Market
52 Week Low / High (₹) 48.97 / 136.35
All Time Low / High (₹) 0.05 / 136.35
Market Cap (₹ Cr.) 807
Equity (₹ Cr.) 15.6
Face Value (₹) 2
Industry PE 41.4

Management X-Ray of TPL Plastech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of TPL Plastech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales183178180192219209170229271313
Operating Expenses 165157158168194185150202241277
Manufacturing Costs88101010109101114
Material Costs144142139147171162130179215248
Employee Cost 5578887789
Other Costs 9234555566
Operating Profit 18212224252420273036
Operating Profit Margin (%) 9.9%11.8%12.1%12.7%11.6%11.4%11.9%11.7%11.0%11.5%
Other Income 0000000032
Interest 6544665567
Depreciation 3333444456
Exceptional Items 0000000000
Profit Before Tax 10141517161511182025
Tax 2534443446
Profit After Tax 89111211118131620
PAT Margin (%) 4.2%4.8%6.3%6.5%5.2%5.1%4.7%5.8%5.9%6.3%
Adjusted EPS (₹)1.01.11.51.61.51.41.01.72.12.5
Dividend Payout Ratio (%)21%23%21%22%24%26%34%23%29%31%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 44526171798792103115130
Share Capital 8888888161616
Reserves 3645546372798487100115
Minority Interest0000000000
Debt38193651523623143218
Long Term Debt40816107551610
Short Term Debt331928354229189178
Trade Payables26413853505556705056
Others Liabilities 17201620232120202627
Total Liabilities 125133151195204198190207224232

Fixed Assets

Gross Block715256747174747980112
Accumulated Depreciation2635891215202428
Net Fixed Assets45495166636158605684
CWIP 01647779241
Investments 0001110000
Inventories25223052575553576070
Trade Receivables35434448524543505455
Cash Equivalents 1112344455
Others Assets18171923232524262617
Total Assets 125133151195204198190207224232

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 933369312123-229
PBT 10141517161511182025
Adjustment 887810999911
Changes in Working Capital -714-15-15-131121-26-0
Tax Paid -2-3-3-3-3-4-2-5-6-6
Cash Flow From Investing Activity -1-8-10-17-3-3-4-4-10-6
Capex -1-8-10-16-3-3-4-4-10-10
Net Investments 000-1000000
Others 0000000005
Cash Flow From Financing Activity -8-25612-7-28-19-1912-24
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -6-5-4-4-6-6-5-5-5-5
Dividend Paid -2-2-2-3-3-3-3-3-3-5
Others -1-1813193-19-11-1220-13
Net Cash Flow 000100-2000
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)18.5317.8419.8218.7415.1212.798.9713.6814.7216.15
ROCE (%)18.623.0122.0418.8216.415.4613.4518.5619.7120.73
Asset Turnover Ratio1.661.541.421.291.31.211.041.351.481.61
PAT to CFO Conversion(x)1.133.670.270.50.822.822.631.77-0.131.45
Working Capital Days
Receivable Days70727974707279646054
Inventory Days39444767778498756764
Payable Days688610511411011815512810279

TPL Plastech Ltd Stock News

TPL Plastech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of TPL Plastech on 20-Dec-2024 16:59 is ₹103.4.
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 TPL Plastech stood at ₹806.5.
The latest P/E ratio of TPL Plastech as of 20-Dec-2024 16:59 is 37.03.
The latest P/B ratio of TPL Plastech as of 20-Dec-2024 16:59 is 6.02.
The 52-week high of TPL Plastech is ₹136.3 and the 52-week low is ₹48.97.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TPL Plastech is ₹331.5 ( Cr.) .

About TPL Plastech Ltd

TPL Plastech was incorporated in the year a982 and its chairman is Sanjay Kulkarni. The company is based in Mumbai. The company is listed in group ‘B’ of the BSE. As of June 14 2006, TPL Plastech Limited operates as a subsidiary of Time Technoplast Ltd.

TPL Plastech Limited manufactures extrusion blow moulded high molecular high density polyethylene containers/barrels in India. Its products are used as packaging materials in the packaging of viscous liquids, chemicals, dyestuffs, bulk pharmaceuticals, and petrochemicals.

TPL enjoys strong operational and product support from its parent, Time Technoplast Limited, the market leader in the domestic industrial packaging industry. Consequently, TPL is well-placed to capitalize on the emerging opportunities in this market.

Over the years, TPL Plastech Limited has achieved the distinction of being the second largest manufacturer of HMHDPE barrels in India providing quality alternative barrels at affordable prices. The market segment for barrels appreciates the presence of the company for strategic reasons, as well.

Future plans:

In the year 2009, the company acquired approximately 9030 sq. meters (18 Kannals) of land for the Jammu project. Building and shed work are completed and major parts of the machineries are identified and ready for dispatching .The company has obtained necessary permission/approvals from concerned departments, except electricity connection from the J&K Electricity Department but has received the approval to run a 750 KVA D G set.

The project is delayed due to strained situation in the state in last quarter of the year. However, the company is all set to implement and commission the project in the year 2009.

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