Ecoplast Ltd

Ecoplast Ltd

₹ 604 2.02%
16 Jun 2:42 p.m.
About

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]

Key Points

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

  • Market Cap 209 Cr.
  • Current Price 604
  • High / Low 774 / 347
  • Stock P/E 25.9
  • Book Value 215
  • Dividend Yield 0.51 %
  • ROCE 19.4 %
  • ROE 13.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 18.9% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -7.40%
  • The company has delivered a poor sales growth of 5.64% over past five years.
  • Working capital days have increased from 75.2 days to 115 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
26.23 25.92 19.96 23.29 26.85 25.43 29.95 28.40 29.66 30.40 30.35 33.39 32.45
25.57 25.54 19.60 21.56 23.66 22.83 26.08 25.61 25.86 27.44 27.73 30.01 29.11
Operating Profit 0.66 0.38 0.36 1.73 3.19 2.60 3.87 2.79 3.80 2.96 2.62 3.38 3.34
OPM % 2.52% 1.47% 1.80% 7.43% 11.88% 10.22% 12.92% 9.82% 12.81% 9.74% 8.63% 10.12% 10.29%
0.25 0.31 1.04 0.18 2.37 0.59 0.36 0.42 0.81 0.66 0.40 0.42 0.73
Interest 0.28 0.37 0.19 0.23 0.11 0.07 0.09 0.05 0.12 0.07 0.07 0.08 0.17
Depreciation 0.72 0.70 0.64 0.56 0.56 0.58 0.60 0.64 0.65 0.65 0.63 0.88 0.90
Profit before tax -0.09 -0.38 0.57 1.12 4.89 2.54 3.54 2.52 3.84 2.90 2.32 2.84 3.00
Tax % -422.22% -18.42% 5.26% 18.75% 32.31% 29.92% 20.34% 26.98% 20.83% 24.83% 24.57% 25.70% 33.00%
0.30 -0.31 0.54 0.90 3.31 1.78 2.81 1.85 3.04 2.19 1.75 2.11 2.02
EPS in Rs 1.00 -1.03 1.80 3.00 11.03 5.93 9.37 6.17 10.13 7.30 5.83 7.03 5.85
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
82 94 93 96 96 93 96 75 94 96 113 127
76 88 87 90 89 86 89 72 93 90 100 114
Operating Profit 6 6 6 6 6 6 7 3 1 6 13 12
OPM % 7% 6% 7% 6% 7% 7% 7% 4% 1% 6% 12% 10%
0 0 0 1 2 1 1 1 0 4 2 2
Interest 2 2 1 2 2 2 1 1 1 1 0 0
Depreciation 1 2 2 2 2 2 2 3 3 2 2 3
Profit before tax 3 2 4 3 5 4 5 0 -3 6 12 11
Tax % 31% 34% 37% 29% 37% 14% 32% 30% -32% 28% 24% 27%
2 2 2 2 3 3 3 0 -2 4 9 8
EPS in Rs 6.20 5.03 7.77 7.70 9.90 11.30 11.30 0.80 -5.87 14.83 31.57 23.33
Dividend Payout % 19% 24% 19% 16% 15% 13% 13% 0% 0% 10% 10% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 6%
3 Years: 10%
TTM: 12%
Compounded Profit Growth
10 Years: 18%
5 Years: 19%
3 Years: 96%
TTM: -14%
Stock Price CAGR
10 Years: 29%
5 Years: 52%
3 Years: 91%
1 Year: 68%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 16%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 16 17 19 21 24 26 29 29 26 30 39 71
15 13 10 14 10 9 13 9 14 1 1 1
13 11 10 12 11 10 10 11 12 9 12 13
Total Liabilities 47 44 43 50 48 48 54 51 55 44 55 87
11 11 10 13 12 12 18 17 16 15 16 25
CWIP 0 0 0 0 0 1 1 1 0 0 0 1
Investments 1 1 1 2 2 2 1 1 1 1 1 19
35 33 31 35 33 33 35 33 38 28 38 43
Total Assets 47 44 43 50 48 48 54 51 55 44 55 87

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1 6 6 3 6 4 5 9 -2 15 13 5
-2 -1 -1 -4 -0 -0 -7 -1 -2 1 -4 -29
1 -5 -5 2 -6 -3 2 -7 4 -13 -2 23
Net Cash Flow 0 -1 -0 0 0 -0 -0 0 1 2 7 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 77 67 66 73 63 66 79 98 78 45 34 46
Inventory Days 62 45 45 52 59 65 59 70 67 56 64 65
Days Payable 56 42 43 48 44 43 43 58 39 34 44 42
Cash Conversion Cycle 83 69 68 77 78 88 95 110 106 68 54 69
Working Capital Days 77 65 63 72 69 81 90 106 90 62 50 115
ROCE % 14% 12% 16% 14% 17% 14% 14% 3% -3% 13% 33% 19%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
66.83% 66.83% 66.83% 68.40% 68.71% 68.71% 68.71% 68.71% 68.71% 68.71% 72.23% 64.84%
33.17% 33.17% 33.17% 31.60% 31.28% 31.29% 31.29% 31.30% 31.30% 31.29% 27.77% 35.16%
No. of Shareholders 2,0432,1972,1612,0602,0942,0902,4852,7212,8663,3743,3353,369

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