Is TPL Plastech a good quality company?

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

Is TPL Plastech 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 .

What is TPL Plastech share price return in the past 10 years?

TPL Plastech Ltd share price has appreciated 19.4% annually (CAGR) over the past ten years.

Is TPL Plastech a good buy now?

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

TPL Plastech Ltd - Stock Valuation and Financial Performance

Name: TPL Plastech
Brand: TPL Plastech

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

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TPL Plastech Share Price

₹95.40 0.45 0.47%
as on 22-Nov'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

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 % ⓘ	18.6%	23%	22%	18.8%	16.4%	15.5%	13.5%	18.6%	19.7%	20.7%	-
Value Creation Index ⓘ	0.3	0.6	0.6	0.3	0.2	0.1	0.0	0.3	0.4	0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	183	178	180	192	219	209	170	229	271	313	332
Sales YoY Gr.	-	-2.7%	1.1%	6.6%	14.1%	-4.5%	-18.5%	34.1%	18.3%	15.6%	-
Adj EPS ⓘ	1	1.1	1.4	1.6	1.5	1.4	1	1.7	2	2.5	2.8
YoY Gr.	-	12.2%	30.9%	10.4%	-8.8%	-6.2%	-24.3%	66%	14%	28.2%	-
BVPS (₹) ⓘ	5.6	6.7	7.9	9.1	10.2	11.1	11.8	13.1	14.8	16.7	17.2
Adj Net Profit ⓘ	7.6	8.6	11.2	12.4	11.3	10.6	8	13.3	15.2	19.5	22
Cash Flow from Ops. ⓘ	9.3	32.7	3.5	6	9.4	31	20.6	23	-1.8	29.3	-
Debt/CF from Ops. ⓘ	4.5	0.7	10.6	9.3	6.2	1.3	1.4	0.8	-21.5	0.9	-

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%
BVPSⓘ	12.9%	10.4%	12.4%	13%
Share Price	19.4%	49.9%	40.3%	75.9%

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 % ⓘ	18.5	17.8	19.7	18.7	15	12.8	9	13.7	14	15.9	16.5
Op. Profit Mgn % ⓘ	9.9	11.8	12.1	12.7	11.6	11.4	11.9	11.7	11	11.5	11.5
Net Profit Mgn % ⓘ	4.2	4.8	6.2	6.5	5.2	5.1	4.7	5.8	5.6	6.2	6.6
Debt to Equity ⓘ	1	0.5	0.6	0.8	0.7	0.5	0.3	0.2	0.3	0.2	0
Working Cap Days ⓘ	136	148	159	176	179	191	221	165	145	134	71
Cash Conv. Cycle ⓘ	50	38	34	46	49	50	41	24	35	48	31

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%

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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 ⓘ	5.48	5.48
PE ⓘ	33.70	36.98

From the Market
52 Week Low / High (₹)	48.97 / 136.35
All Time Low / High (₹)	0.05 / 136.35
Market Cap (₹ Cr.)	734
Equity (₹ Cr.)	15.6
Face Value (₹)	2
Industry PE ⓘ	38.8

Management X-Ray of TPL Plastech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of TPL Plastech

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of TPL Plastech

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	183	178	180	192	219	209	170	229	271	313
Operating Expenses ⓘ	165	157	158	168	194	185	150	202	241	277
Manufacturing Costs	8	8	10	10	10	10	9	10	11	14
Material Costs	144	142	139	147	171	162	130	179	215	248
Employee Cost	5	5	7	8	8	8	7	7	8	9
Other Costs ⓘ	9	2	3	4	5	5	5	5	6	6
Operating Profit ⓘ	18	21	22	24	25	24	20	27	30	36
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 ⓘ	0	0	0	0	0	0	0	0	3	2
Interest ⓘ	6	5	4	4	6	6	5	5	6	7
Depreciation ⓘ	3	3	3	3	4	4	4	4	5	6
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	10	14	15	17	16	15	11	18	20	25
Tax ⓘ	2	5	3	4	4	4	3	4	4	6
Profit After Tax	8	9	11	12	11	11	8	13	16	20
PAT Margin (%)	4.2%	4.8%	6.3%	6.5%	5.2%	5.1%	4.7%	5.8%	5.9%	6.3%
Adjusted EPS (₹)	1.0	1.1	1.5	1.6	1.5	1.4	1.0	1.7	2.1	2.5
Dividend Payout Ratio (%)	21%	23%	21%	22%	24%	26%	34%	23%	29%	31%

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	44	52	61	71	79	87	92	103	115	130
Share Capital ⓘ	8	8	8	8	8	8	8	16	16	16
Reserves ⓘ	36	45	54	63	72	79	84	87	100	115
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	38	19	36	51	52	36	23	14	32	18
Long Term Debt	4	0	8	16	10	7	5	5	16	10
Short Term Debt	33	19	28	35	42	29	18	9	17	8
Trade Payables	26	41	38	53	50	55	56	70	50	56
Others Liabilities ⓘ	17	20	16	20	23	21	20	20	26	27
Total Liabilities ⓘ	125	133	151	195	204	198	190	207	224	232
Fixed Assets
Gross Block	71	52	56	74	71	74	74	79	80	112
Accumulated Depreciation	26	3	5	8	9	12	15	20	24	28
Net Fixed Assetsⓘ	45	49	51	66	63	61	58	60	56	84
CWIP ⓘ	0	1	6	4	7	7	7	9	24	1
Investmentsⓘ	0	0	0	1	1	1	0	0	0	0
Inventories	25	22	30	52	57	55	53	57	60	70
Trade Receivables	35	43	44	48	52	45	43	50	54	55
Cash Equivalents	1	1	1	2	3	4	4	4	5	5
Others Assetsⓘ	18	17	19	23	23	25	24	26	26	17
Total Assets ⓘ	125	133	151	195	204	198	190	207	224	232

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 ⓘ	9	33	3	6	9	31	21	23	-2	29
PBT ⓘ	10	14	15	17	16	15	11	18	20	25
Adjustment ⓘ	8	8	7	8	10	9	9	9	9	11
Changes in Working Capital ⓘ	-7	14	-15	-15	-13	11	2	1	-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	0	0	0	-1	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	5
Cash Flow From Financing Activityⓘ	-8	-25	6	12	-7	-28	-19	-19	12	-24
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
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	-18	13	19	3	-19	-11	-12	20	-13
Net Cash Flow ⓘ	0	0	0	1	0	0	-2	0	0	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 (%)	18.53	17.84	19.82	18.74	15.12	12.79	8.97	13.68	14.72	16.15
ROCE (%)	18.6	23.01	22.04	18.82	16.4	15.46	13.45	18.56	19.71	20.73
Asset Turnover Ratio	1.66	1.54	1.42	1.29	1.3	1.21	1.04	1.35	1.48	1.61
PAT to CFO Conversion(x)	1.13	3.67	0.27	0.5	0.82	2.82	2.63	1.77	-0.13	1.45
Working Capital Days
Receivable Days	70	72	79	74	70	72	79	64	60	54
Inventory Days	39	44	47	67	77	84	98	75	67	64
Payable Days	68	86	105	114	110	118	155	128	102	79

TPL Plastech Ltd Stock News

TPL Plastech Ltd FAQs

What is the share price of TPL Plastech?

Company share prices are keep on changing according to the market conditions. The closing price of TPL Plastech on 22-Nov-2024 16:59 is ₹95.40.

What is the market cap of TPL Plastech?

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 22-Nov-2024 16:59 the market cap of TPL Plastech stood at ₹734.0.

What is the P/E ratio of TPL Plastech?

The latest P/E ratio of TPL Plastech as of 22-Nov-2024 16:59 is 33.70.

What is the P/B ratio of TPL Plastech?

The latest P/B ratio of TPL Plastech as of 22-Nov-2024 16:59 is 5.48.

What is the 52-week high and low of TPL Plastech?

The 52-week high of TPL Plastech is ₹136.3 and the 52-week low is ₹48.97.

What is the TTM revenue of TPL Plastech?

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 â€˜Bâ€™ 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.