HCP Plastene Bulkpack Ltd

₹ 151 -1.73%

26 Dec - close price

About

Incorporated in 1984, HCL Plastene Bulkpack Ltd deals in FIBC Jumbo Bags, PP Woven Sack Bags, PP Woven Labels and related products^[1]

Key Points

Business Overview:^[1]
HPBL is a flagship of the Plastene Group of Companies. It is a plastic packaging manufacturer of FIBCs, small bags, AD star bags and multi-layer films

Website BSE

Market Cap ₹ 161 Cr.
Current Price ₹ 151
High / Low ₹ 206 / 143
Stock P/E 766
Book Value ₹ 40.7
Dividend Yield 0.00 %
ROCE -0.12 %
ROE -6.37 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 3.70 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of -11.9% over last 3 years.
Contingent liabilities of Rs.56.4 Cr.
Debtor days have increased from 76.3 to 148 days.
Working capital days have increased from 57.7 days to 178 days

* 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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	11.15	11.48	16.10	10.19	13.31	9.47	15.42	7.38	9.53	15.84	12.80	19.07	30.26
	11.91	8.74	14.65	10.42	14.72	7.80	16.33	7.22	9.46	16.03	11.56	16.51	27.66
Operating Profit	-0.76	2.74	1.45	-0.23	-1.41	1.67	-0.91	0.16	0.07	-0.19	1.24	2.56	2.60
OPM %	-6.82%	23.87%	9.01%	-2.26%	-10.59%	17.63%	-5.90%	2.17%	0.73%	-1.20%	9.69%	13.42%	8.59%
	0.07	0.02	0.01	0.06	0.05	0.03	0.28	0.11	0.84	0.12	0.19	0.21	0.31
Interest	0.84	0.84	0.79	0.92	0.87	0.80	0.75	0.77	0.92	0.91	0.97	1.16	1.24
Depreciation	1.18	1.17	1.17	0.82	0.83	0.85	0.84	0.64	0.71	0.68	0.66	0.58	0.57
Profit before tax	-2.71	0.75	-0.50	-1.91	-3.06	0.05	-2.22	-1.14	-0.72	-1.66	-0.20	1.03	1.10
Tax %	-7.75%	-53.33%	-10.00%	-25.65%	-23.86%	-20.00%	-24.77%	-26.32%	-22.22%	-26.51%	-35.00%	25.24%	28.18%
	-2.50	1.15	-0.45	-1.42	-2.32	0.06	-1.67	-0.84	-0.57	-1.23	-0.13	0.78	0.79
EPS in Rs	-1.52	0.70	-0.42	-1.33	-2.17	0.06	-1.56	-0.79	-0.53	-1.15	-0.12	0.73	0.74
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	TTM
	219.70	284.68	282.31	304.38	313.69	266.95	168.31	5.62	15.87	49.33	48.40	45.55	77.97
	209.86	272.11	276.72	293.07	297.92	242.05	238.46	16.95	19.03	46.41	49.29	44.23	71.76
Operating Profit	9.84	12.57	5.59	11.31	15.77	24.90	-70.15	-11.33	-3.16	2.92	-0.89	1.32	6.21
OPM %	4.48%	4.42%	1.98%	3.72%	5.03%	9.33%	-41.68%	-201.60%	-19.91%	5.92%	-1.84%	2.90%	7.96%
	-0.09	0.12	3.48	4.36	1.01	-0.71	0.20	0.01	53.09	0.16	0.43	1.23	0.83
Interest	4.73	5.75	7.97	9.07	9.63	11.32	13.32	3.96	1.28	3.30	3.34	3.58	4.28
Depreciation	3.05	3.88	5.67	6.11	5.81	5.70	6.00	5.76	5.12	4.66	3.34	2.69	2.49
Profit before tax	1.97	3.06	-4.57	0.49	1.34	7.17	-89.27	-21.04	43.53	-4.88	-7.14	-3.72	0.27
Tax %	9.14%	1.96%	3.06%	34.69%	14.18%	1.12%	-0.30%	-1.57%	-46.15%	-24.80%	-25.07%	-25.81%
	1.80	3.01	-4.71	0.32	1.14	7.09	-89.01	-20.70	63.62	-3.68	-5.35	-2.76	0.21
EPS in Rs	0.52	2.12	-3.32	0.23	0.80	4.99	-54.61	-12.70	38.79	-3.45	-5.01	-2.59	0.20
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-17%
5 Years:	-23%
3 Years:	42%
TTM:	87%

Compounded Profit Growth
10 Years:	%
5 Years:	15%
3 Years:	%
TTM:	107%

Stock Price CAGR
10 Years:	22%
5 Years:	85%
3 Years:	-35%
1 Year:	-27%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	-12%
Last Year:	-6%

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	Sep 2024
Equity Capital	8.87	8.87	8.87	8.87	8.87	8.87	10.17	10.17	10.23	10.23	10.67	10.67	10.67
Reserves	11.76	14.77	10.20	10.52	11.66	21.00	-63.45	-84.16	16.07	12.39	33.11	30.98	32.74
	45.27	71.75	100.35	97.93	93.05	105.96	99.14	98.49	38.01	39.01	33.77	48.24	61.30
	15.14	20.06	28.58	41.88	52.29	53.28	51.86	46.64	8.04	18.15	5.10	2.84	2.53
Total Liabilities	81.04	115.45	148.00	159.20	165.87	189.11	97.72	71.14	72.35	79.78	82.65	92.73	107.24
	25.96	38.67	52.24	46.61	43.52	41.59	38.62	32.47	27.18	25.37	24.51	21.32	19.72
CWIP	0.04	0.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.02	0.19	0.09	0.03	0.05	0.09	0.02	0.01	0.11	9.04	8.91	9.10	9.36
	55.02	76.15	95.67	112.56	122.30	147.43	59.08	38.66	45.06	45.37	49.23	62.31	78.16
Total Assets	81.04	115.45	148.00	159.20	165.87	189.11	97.72	71.14	72.35	79.78	82.65	92.73	107.24

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
	5.57	-1.69	-1.58	13.78	12.83	3.87	45.90	4.49	-15.80	5.31	-14.96	-13.05
	-7.10	-17.06	-18.45	-0.37	-1.74	-4.51	-2.76	0.50	-0.77	-2.82	-2.03	1.33
	2.00	18.40	19.99	-12.67	-11.65	1.42	-43.35	-3.58	13.91	-2.28	17.89	10.90
Net Cash Flow	0.47	-0.35	-0.05	0.73	-0.57	0.78	-0.21	1.40	-2.65	0.21	0.89	-0.82

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	52.43	54.08	63.53	68.02	75.55	96.59	59.25	1,274.90	76.13	46.84	34.39	147.60
Inventory Days	32.02	35.52	44.96	49.71	50.90	89.82	11.34	34.32	225.06	33.71	57.01	68.60
Days Payable	23.99	23.22	33.23	41.97	50.15	82.33	88.61	1,339.89	245.49	202.72	39.67	25.40
Cash Conversion Cycle	60.46	66.37	75.27	75.76	76.30	104.07	-18.02	-30.67	55.70	-122.18	51.73	190.80
Working Capital Days	57.37	62.48	76.32	74.11	67.07	112.86	-88.31	-3,672.73	85.10	-54.98	49.62	178.37
ROCE %	11.23%	10.94%	3.37%	8.08%	8.94%	15.44%	-83.54%	-48.32%	-18.08%	-2.53%	-5.75%	-0.12%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	92.83%	92.82%	89.00%	89.00%	89.00%	89.00%	89.00%	89.00%	76.39%	75.00%	75.00%	75.00%
	0.18%	0.18%	0.17%	0.17%	0.17%	0.18%	0.18%	0.18%	0.18%	0.17%	0.20%	0.07%
	5.00%	5.00%	4.80%	4.80%	4.80%	4.80%	4.80%	4.80%	4.80%	4.80%	4.80%	4.80%
	1.99%	1.99%	6.04%	6.04%	6.04%	6.04%	6.03%	6.02%	18.63%	20.03%	20.01%	20.14%
No. of Shareholders	5,314	5,172	5,135	5,044	4,954	4,871	4,767	4,706	5,199	5,002	4,997	5,023

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	68.72%	36.70%	30.66%	29.68%	92.83%	92.82%	89.00%	75.00%	75.00%
	0.00%	8.54%	10.97%	7.97%	0.24%	0.18%	0.18%	0.17%	0.07%
	0.00%	0.00%	0.00%	0.00%	5.01%	5.00%	4.80%	4.80%	4.80%
	31.28%	54.76%	58.36%	62.35%	1.93%	1.99%	6.04%	20.03%	20.14%
No. of Shareholders	4,620	4,508	4,483	4,504	3,927	5,172	4,871	5,002	5,023

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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HCP Plastene Bulkpack Ltd

HCP Plastene Bulkpack Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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