Plastiblends India Ltd

Plastiblends (I) Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Plastiblends India Ltd

₹ 244 -3.68%
20 Dec - close price
plastiblends.com BSE: 523648 NSE: PLASTIBLEN
About

Incorporated in 1991, Plastiblends India
Ltd is in the business of manufacturing Masterbatches[1]

Key Points

Business Overview:[1][2]
PIL is a part of the Kolsite group of companies. It is an ISO14001:2015, OHSAS 18001:2007 and ISO 9001:2015, TUV SUD America certified; India's largest manufacturer and exporter of Colour and Additive Master Batches and Thermoplastic Compounds for the Plastic Processing Industry. It produces masterbatches for Polyolefin's including BOPP, PET, PBT, ABS, HIPS, EVA. Company has ventured into Engineering Plastics Compounds and has developed various grades for various applications in automobile, electrical & electronics etc. Approvals from several OEM and tier-1 manufacturers are received and many are under process.

Website BSE NSE
  • Market Cap ₹ 633 Cr.
  • Current Price ₹ 244
  • High / Low ₹ 399 / 227
  • Stock P/E 18.3
  • Book Value ₹ 162
  • Dividend Yield 1.75 %
  • ROCE 11.1 %
  • ROE 8.26 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 33.0%

Cons

  • The company has delivered a poor sales growth of 4.48% over past five years.
  • Company has a low return on equity of 8.42% 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: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

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
171.39 174.15 218.84 204.23 180.30 186.02 197.97 195.67 210.46 197.12 198.91 211.58 185.35
160.35 154.06 201.49 188.27 172.18 178.06 180.18 182.54 196.03 185.89 183.14 195.26 175.57
Operating Profit 11.04 20.09 17.35 15.96 8.12 7.96 17.79 13.13 14.43 11.23 15.77 16.32 9.78
OPM % 6.44% 11.54% 7.93% 7.81% 4.50% 4.28% 8.99% 6.71% 6.86% 5.70% 7.93% 7.71% 5.28%
1.21 1.06 2.89 2.51 2.23 1.77 -1.30 1.33 2.58 2.03 2.23 2.41 2.63
Interest 0.60 0.60 0.88 0.82 0.26 0.74 0.30 0.10 0.37 0.37 0.33 0.38 0.31
Depreciation 4.01 4.02 3.90 4.03 4.08 4.27 4.06 3.88 3.86 3.87 3.78 3.74 3.81
Profit before tax 7.64 16.53 15.46 13.62 6.01 4.72 12.13 10.48 12.78 9.02 13.89 14.61 8.29
Tax % 27.88% 27.04% 19.99% 26.73% 29.95% 15.89% 28.36% 27.00% 25.51% 26.72% 22.75% 25.74% 23.88%
5.50 12.07 12.38 9.98 4.21 3.97 8.69 7.65 9.53 6.61 10.74 10.85 6.31
EPS in Rs 2.12 4.64 4.76 3.84 1.62 1.53 3.34 2.94 3.67 2.54 4.13 4.17 2.43
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
400 455 484 511 545 568 627 587 555 699 751 781 793
368 408 433 452 481 513 567 519 487 637 701 726 740
Operating Profit 31 47 51 59 64 55 60 67 69 62 50 55 53
OPM % 8% 10% 10% 12% 12% 10% 10% 12% 12% 9% 7% 7% 7%
2 3 2 2 1 2 1 3 4 6 5 8 9
Interest 6 6 4 4 8 8 8 1 3 3 2 1 1
Depreciation 4 4 6 6 11 12 12 17 16 16 16 15 15
Profit before tax 23 41 43 52 46 38 42 52 53 49 36 46 46
Tax % 33% 33% 30% 27% 30% 28% 25% 28% 30% 25% 26% 25%
15 27 30 38 33 27 31 37 37 37 27 35 35
EPS in Rs 5.91 10.48 11.56 14.49 12.58 10.51 11.99 14.31 14.37 14.12 10.33 13.29 13.27
Dividend Payout % 30% 24% 24% 24% 10% 24% 23% 26% 28% 28% 39% 32%
Compounded Sales Growth
10 Years: 6%
5 Years: 4%
3 Years: 12%
TTM: 0%
Compounded Profit Growth
10 Years: 2%
5 Years: 1%
3 Years: -4%
TTM: 16%
Stock Price CAGR
10 Years: 7%
5 Years: 7%
3 Years: 3%
1 Year: -16%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 8%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

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 6 6 6 6 6 13 13 13 13 13 13 13 13
Reserves 110 130 151 178 217 235 256 268 317 368 382 392 409
58 31 20 82 91 105 78 48 32 45 9 8 8
62 80 80 94 84 88 67 80 91 92 81 69 96
Total Liabilities 236 248 258 361 399 442 414 409 453 518 484 482 526
65 64 73 151 169 176 173 180 179 189 181 176 175
CWIP 0 1 5 1 0 1 0 3 9 2 0 1 1
Investments 4 3 3 3 10 11 8 4 22 51 67 71 52
168 180 177 206 219 255 233 222 242 275 236 235 298
Total Assets 236 248 258 361 399 442 414 409 453 518 484 482 526

Cash Flows

Figures in Rs. Crores

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 37 37 71 25 15 59 74 48 15 72 38
-7 -3 -19 -80 -25 -17 -8 -20 -27 -5 -26 -27
3 -32 -18 9 -0 3 -51 -55 -19 -12 -45 -11
Net Cash Flow -0 2 -1 -0 -0 0 -1 -1 1 -1 1 -0

Ratios

Figures in Rs. Crores

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 78 71 70 77 74 78 77 63 62 62 44 41
Inventory Days 72 63 47 57 66 84 62 85 115 93 76 76
Days Payable 31 35 30 50 34 35 12 17 24 16 17 14
Cash Conversion Cycle 119 99 86 84 106 127 127 131 153 139 102 104
Working Capital Days 111 92 87 97 106 124 107 101 116 110 87 86
ROCE % 17% 27% 27% 25% 19% 14% 14% 16% 16% 13% 9% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
64.27% 63.77% 63.90% 63.82% 63.60% 63.37% 63.37% 64.21% 64.38% 64.38% 64.38% 64.38%
1.33% 1.35% 1.31% 1.32% 0.76% 0.75% 0.75% 0.76% 0.82% 0.84% 0.73% 0.65%
0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.00% 0.00% 0.00% 0.00%
34.18% 34.66% 34.57% 34.65% 35.43% 35.65% 35.65% 34.82% 34.80% 34.79% 34.88% 34.97%
No. of Shareholders 12,84914,00014,32914,11814,12113,93513,84913,48314,54915,14615,30917,494

* 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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