Ecoplast Ltd
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]
- Market Cap ₹ 112 Cr.
- Current Price ₹ 372
- High / Low ₹ 400 / 85.0
- Stock P/E 11.5
- Book Value ₹ 125
- Dividend Yield 0.40 %
- ROCE 12.7 %
- ROE 9.35 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 73.7 to 45.5 days.
- Company's working capital requirements have reduced from 85.9 days to 61.6 days
Cons
- Stock is trading at 2.98 times its book value
- The company has delivered a poor sales growth of 0.01% over past five years.
- Company has a low return on equity of 1.82% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
60 | 76 | 82 | 94 | 93 | 96 | 96 | 93 | 96 | 75 | 94 | 96 | 111 | |
54 | 70 | 76 | 88 | 87 | 90 | 89 | 86 | 89 | 72 | 93 | 90 | 98 | |
Operating Profit | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 3 | 1 | 6 | 12 |
OPM % | 9% | 8% | 7% | 6% | 7% | 6% | 7% | 7% | 7% | 4% | 1% | 6% | 11% |
0 | -0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 0 | 4 | 4 | |
Interest | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 0 |
Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 2 |
Profit before tax | 3 | 3 | 3 | 2 | 4 | 3 | 5 | 4 | 5 | 0 | -3 | 6 | 13 |
Tax % | 30% | 31% | 31% | 34% | 37% | 29% | 37% | 14% | 32% | 30% | 32% | 28% | |
2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 0 | -2 | 4 | 10 | |
EPS in Rs | 5.97 | 6.43 | 6.20 | 5.03 | 7.77 | 7.70 | 9.90 | 11.30 | 11.30 | 0.80 | -5.87 | 14.83 | 32.50 |
Dividend Payout % | 20% | 19% | 19% | 24% | 19% | 16% | 15% | 13% | 13% | 0% | 0% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 0% |
3 Years: | 0% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 0% |
3 Years: | -5% |
TTM: | 582% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 28% |
3 Years: | 72% |
1 Year: | 317% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 2% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 13 | 15 | 16 | 17 | 19 | 21 | 24 | 26 | 29 | 29 | 26 | 30 | 35 |
12 | 12 | 15 | 13 | 10 | 14 | 10 | 9 | 13 | 9 | 14 | 1 | 1 | |
7 | 12 | 13 | 11 | 10 | 12 | 11 | 10 | 10 | 11 | 12 | 9 | 8 | |
Total Liabilities | 36 | 42 | 47 | 44 | 43 | 50 | 48 | 48 | 54 | 51 | 55 | 44 | 47 |
12 | 12 | 11 | 11 | 10 | 13 | 12 | 12 | 18 | 17 | 16 | 15 | 16 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
Investments | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
22 | 29 | 35 | 33 | 31 | 35 | 33 | 33 | 35 | 33 | 38 | 28 | 30 | |
Total Assets | 36 | 42 | 47 | 44 | 43 | 50 | 48 | 48 | 54 | 51 | 55 | 44 | 47 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 4 | 1 | 6 | 6 | 3 | 6 | 4 | 5 | 9 | -2 | 15 | |
-4 | -2 | -2 | -1 | -1 | -4 | -0 | -0 | -7 | -1 | -2 | 1 | |
1 | -3 | 1 | -5 | -5 | 2 | -6 | -3 | 2 | -7 | 4 | -13 | |
Net Cash Flow | -0 | 0 | 0 | -1 | -0 | 0 | 0 | -0 | -0 | 0 | 1 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 67 | 68 | 77 | 67 | 66 | 73 | 63 | 66 | 79 | 98 | 78 | 45 |
Inventory Days | 62 | 64 | 62 | 45 | 45 | 52 | 59 | 65 | 59 | 70 | 67 | 56 |
Days Payable | 33 | 56 | 56 | 42 | 43 | 48 | 44 | 43 | 43 | 58 | 39 | 34 |
Cash Conversion Cycle | 96 | 76 | 83 | 69 | 68 | 77 | 78 | 88 | 95 | 110 | 106 | 68 |
Working Capital Days | 80 | 68 | 77 | 65 | 63 | 72 | 69 | 81 | 90 | 106 | 90 | 62 |
ROCE % | 16% | 19% | 14% | 12% | 16% | 14% | 17% | 14% | 14% | 3% | -3% | 13% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 14 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
11 May - Compliance Report for the financial year ended 31.03.2024
- Board Meeting Intimation for Audited Financial Results And Dividend 6 May
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 19 Apr
- Compliance Certificate Under Regulation 40(10) Of SEBI LODR For The Financial Year Ended 31.03.2024 15 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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