Swashthik Plascon Ltd
Incorporated in 2007, Swashthik Plascon Ltd manufactures PET preforms and PET bottles[1]
- Market Cap ₹ 96.1 Cr.
- Current Price ₹ 54.7
- High / Low ₹ 104 / 49.1
- Stock P/E 17.7
- Book Value ₹ 37.1
- Dividend Yield 0.00 %
- ROCE 15.4 %
- ROE 13.5 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.28%
- Promoter holding is low: 39.5%
- Company has a low return on equity of 13.9% over last 3 years.
- Earnings include an other income of Rs.2.94 Cr.
- Debtor days have increased from 97.0 to 139 days.
- Working capital days have increased from 164 days to 287 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: Plastic products Industry: Plastics Products
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 33.90 | 49.47 | 42.99 | 43.29 | 43.31 | |
| 32.35 | 46.91 | 36.88 | 37.94 | 37.30 | |
| Operating Profit | 1.55 | 2.56 | 6.11 | 5.35 | 6.01 |
| OPM % | 4.57% | 5.17% | 14.21% | 12.36% | 13.88% |
| 1.44 | 0.39 | 0.27 | 3.85 | 2.94 | |
| Interest | 1.66 | 1.62 | 2.18 | 0.97 | 0.90 |
| Depreciation | 1.13 | 1.10 | 0.96 | 0.97 | 1.42 |
| Profit before tax | 0.20 | 0.23 | 3.24 | 7.26 | 6.63 |
| Tax % | 65.00% | 43.48% | 13.58% | 23.55% | |
| 0.07 | 0.13 | 2.80 | 5.55 | 5.43 | |
| EPS in Rs | 0.12 | 0.22 | 2.18 | 3.16 | 3.09 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 330% |
| TTM: | 98% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 6.00 | 6.00 | 12.82 | 17.56 | 17.56 |
| Reserves | 0.19 | 0.32 | 7.55 | 44.52 | 47.60 |
| 15.16 | 14.95 | 15.90 | 8.78 | 19.58 | |
| 6.85 | 6.11 | 13.04 | 12.39 | 8.23 | |
| Total Liabilities | 28.20 | 27.38 | 49.31 | 83.25 | 92.97 |
| 8.66 | 8.08 | 10.27 | 21.98 | 25.70 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.93 | 0.93 | 11.63 | 13.58 | 14.49 |
| 18.61 | 18.37 | 27.41 | 47.69 | 52.78 | |
| Total Assets | 28.20 | 27.38 | 49.31 | 83.25 | 92.97 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 2.45 | 2.30 | 3.71 | -15.88 | |
| -1.50 | -0.53 | -2.89 | -12.69 | |
| -0.95 | -1.76 | -0.83 | 28.56 | |
| Net Cash Flow | 0.00 | 0.01 | -0.01 | 0.00 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 103.69 | 65.96 | 85.92 | 139.12 |
| Inventory Days | 109.50 | 73.07 | 161.07 | 254.48 |
| Days Payable | 79.58 | 30.87 | 33.64 | 102.46 |
| Cash Conversion Cycle | 133.60 | 108.17 | 213.35 | 291.14 |
| Working Capital Days | 113.48 | 86.69 | 118.53 | 286.92 |
| ROCE % | 8.68% | 18.84% | 15.36% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 10 Mar
-
Announcement Under Regulation 30- Inauguration Of The New Factory And Increase In Production Capacity Of Swashthik Group
10 Mar - Inauguration of new factory and increased production capacity.
-
Announcement Under Regulation 30 For Power Energisation For The New Factory.
27 Feb - Power energisation completed for new factory.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Feb - Newspaper Advertisement for Postal Ballot Notice of Swashthik Plascon Limited for your reference.
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
6 Feb - Postal ballot notice for shareholder resolutions.
Business Overview:[1]
Company is a manufacturer and dealer of:
a) All kinds of plastic including PET, HDPE, LDPE, Granules, plastic polymers, Polystrene, PVC, Nylon synthetic rubber, packaging products, its recycling, plastic products, plastic raw materials, resins, goods and articles connected with plastic manufacturing industry
b) All kinds of plastic raw materials, products and its related machineries