Ecoplast Ltd

Ecoplast Ltd

₹ 382 0.92%
04 Jul - close price
About

Incorporated in 1981, Ecoplast Ltd is in the business of manufacturing, processing and selling of Co-extruded Plastic Film for packaging and industrial applications[1]

Key Points

Business Overview:[1]
Company is a supplier of multilayer co-extruded polyethylene and co-polymer films to the flexible packaging industry and a variety of other speciality applications. Company has expertise in designing and manufacturing Surface Protective Films which protect products such steel, aluminum panels/ profiles, carpets, tiles, glass, and all kinds of substrates from dusts, scratches and other environmental impacts

  • Market Cap 115 Cr.
  • Current Price 382
  • High / Low 422 / 129
  • Stock P/E 12.1
  • Book Value 141
  • Dividend Yield 0.78 %
  • ROCE 32.8 %
  • ROE 25.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 23.0% CAGR over last 5 years
  • Debtor days have improved from 52.5 to 34.3 days.
  • Company's working capital requirements have reduced from 66.9 days to 49.4 days

Cons

  • Stock is trading at 2.71 times its book value
  • The company has delivered a poor sales growth of 4.11% over past five years.
  • Company has a low return on equity of 11.0% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
26.57 19.92 24.05 23.91 26.23 25.92 19.96 23.29 26.85 25.43 29.95 28.40 29.66
25.50 20.49 24.70 23.02 25.57 25.54 19.60 21.56 23.66 22.83 26.08 25.61 25.86
Operating Profit 1.07 -0.57 -0.65 0.89 0.66 0.38 0.36 1.73 3.19 2.60 3.87 2.79 3.80
OPM % 4.03% -2.86% -2.70% 3.72% 2.52% 1.47% 1.80% 7.43% 11.88% 10.22% 12.92% 9.82% 12.81%
0.27 0.18 0.16 0.25 0.25 0.31 1.04 0.18 2.37 0.59 0.36 0.42 0.81
Interest 0.25 0.33 0.23 0.22 0.28 0.37 0.19 0.23 0.11 0.07 0.09 0.05 0.12
Depreciation 0.72 0.63 0.68 0.63 0.72 0.70 0.64 0.56 0.56 0.58 0.60 0.64 0.65
Profit before tax 0.37 -1.35 -1.40 0.29 -0.09 -0.38 0.57 1.12 4.89 2.54 3.54 2.52 3.84
Tax % 45.95% 8.15% 5.71% -82.76% 422.22% 18.42% 5.26% 18.75% 32.31% 29.92% 20.34% 26.98% 20.83%
0.19 -1.25 -1.32 0.53 0.30 -0.31 0.54 0.90 3.31 1.78 2.81 1.85 3.04
EPS in Rs 0.63 -4.17 -4.40 1.77 1.00 -1.03 1.80 3.00 11.03 5.93 9.37 6.17 10.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
76 82 94 93 96 96 93 96 75 94 96 113
70 76 88 87 90 89 86 89 72 93 90 100
Operating Profit 6 6 6 6 6 6 6 7 3 1 6 13
OPM % 8% 7% 6% 7% 6% 7% 7% 7% 4% 1% 6% 12%
-0 0 0 0 1 2 1 1 1 0 4 2
Interest 2 2 2 1 2 2 2 1 1 1 1 0
Depreciation 1 1 2 2 2 2 2 2 3 3 2 2
Profit before tax 3 3 2 4 3 5 4 5 0 -3 6 12
Tax % 31% 31% 34% 37% 29% 37% 14% 32% 30% 32% 28% 24%
2 2 2 2 2 3 3 3 0 -2 4 9
EPS in Rs 6.43 6.20 5.03 7.77 7.70 9.90 11.30 11.30 0.80 -5.87 14.83 31.57
Dividend Payout % 19% 19% 24% 19% 16% 15% 13% 13% 0% 0% 10% 10%
Compounded Sales Growth
10 Years: 3%
5 Years: 4%
3 Years: 15%
TTM: 18%
Compounded Profit Growth
10 Years: 18%
5 Years: 23%
3 Years: 240%
TTM: 227%
Stock Price CAGR
10 Years: 26%
5 Years: 27%
3 Years: 60%
1 Year: 167%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 11%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 15 16 17 19 21 24 26 29 29 26 30 39
12 15 13 10 14 10 9 13 9 14 1 1
12 13 11 10 12 11 10 10 11 12 9 12
Total Liabilities 42 47 44 43 50 48 48 54 51 55 44 55
12 11 11 10 13 12 12 18 17 16 15 16
CWIP 0 0 0 0 0 0 1 1 1 0 0 0
Investments 1 1 1 1 2 2 2 1 1 1 1 1
29 35 33 31 35 33 33 35 33 38 28 37
Total Assets 42 47 44 43 50 48 48 54 51 55 44 55

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 1 6 6 3 6 4 5 9 -2 15 13
-2 -2 -1 -1 -4 -0 -0 -7 -1 -2 1 -4
-3 1 -5 -5 2 -6 -3 2 -7 4 -13 -2
Net Cash Flow 0 0 -1 -0 0 0 -0 -0 0 1 2 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68 77 67 66 73 63 66 79 98 78 45 34
Inventory Days 64 62 45 45 52 59 65 59 70 67 56 64
Days Payable 56 56 42 43 48 44 43 43 58 39 34 44
Cash Conversion Cycle 76 83 69 68 77 78 88 95 110 106 68 54
Working Capital Days 68 77 65 63 72 69 81 90 106 90 62 49
ROCE % 19% 14% 12% 16% 14% 17% 14% 14% 3% -3% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.83% 66.83% 66.83% 66.83% 66.83% 66.83% 66.83% 68.40% 68.71% 68.71% 68.71% 68.71%
33.17% 33.17% 33.17% 33.17% 33.17% 33.17% 33.17% 31.60% 31.28% 31.29% 31.29% 31.30%
No. of Shareholders 2,2672,0872,0822,0612,0432,1972,1612,0602,0942,0902,4852,721

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