Swashthik Plascon Ltd
Incorporated in 2007, Swashthik Plascon Ltd manufactures PET preforms and PET bottles[1]
- Market Cap ₹ 123 Cr.
- Current Price ₹ 70.0
- High / Low ₹ 134 / 60.5
- Stock P/E 17.3
- Book Value ₹ 38.7
- Dividend Yield 0.00 %
- ROCE 15.4 %
- ROE 17.9 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 210 to 122 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.5.15 Cr.
* 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 46 | 126 | 132 | |
| 40 | 116 | 118 | |
| Operating Profit | 6 | 10 | 13 |
| OPM % | 13% | 8% | 10% |
| 0 | 9 | 5 | |
| Interest | 2 | 4 | 4 |
| Depreciation | 1 | 3 | 4 |
| Profit before tax | 3 | 11 | 10 |
| Tax % | 13% | 31% | |
| 3 | 8 | 7 | |
| EPS in Rs | 2.35 | 4.29 | 4.05 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
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| TTM: | 176% |
| Compounded Profit Growth | |
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| TTM: | 149% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
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| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 13 | 18 | 18 |
| Reserves | 8 | 46 | 50 |
| 59 | 54 | 71 | |
| 32 | 32 | 27 | |
| Total Liabilities | 111 | 149 | 165 |
| 27 | 42 | 45 | |
| CWIP | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 |
| 82 | 107 | 120 | |
| Total Assets | 111 | 149 | 165 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| 4 | -10 | |
| -3 | -18 | |
| -1 | 28 | |
| Net Cash Flow | -0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 298 | 122 |
| Inventory Days | 436 | 215 |
| Days Payable | 212 | 91 |
| Cash Conversion Cycle | 523 | 245 |
| Working Capital Days | 379 | 203 |
| ROCE % | 15% |
Documents
Announcements
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Compliance - Statement Of Deviation Or Variation In The Use Of Proceeds Of Initial Public Offering.
12 Nov - No deviation in IPO proceeds usage reported.
-
Board Meeting Outcome for Outcome Of Board Meeting
11 Nov - Board approved unaudited financial results for H1 2024.
- Financial Result For Half Year Ended 30-09-2024 11 Nov
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Board Meeting Intimation for Approval Of Unaudited Financial Results Of The Company For The Half Year Ended September 30, 2024.
4 Nov - Board meeting scheduled for financial results approval.
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Announcement under Regulation 30 (LODR)-Resignation of Director
22 Oct - Resignation of Mrs. Sujathaa Mehta from the Board.
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