Ecoplast Ltd

Ecoplast Ltd

₹ 291 -0.56%
28 Mar - close price
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 87.2 Cr.
  • Current Price 291
  • High / Low 400 / 74.0
  • Stock P/E 8.95
  • Book Value 125
  • Dividend Yield 0.52 %
  • 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

  • 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.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
20.86 26.57 19.92 24.05 23.91 26.23 25.92 19.96 23.29 26.85 25.43 29.95 28.40
19.68 25.50 20.49 24.70 23.02 25.57 25.54 19.60 21.56 23.66 22.83 26.08 25.61
Operating Profit 1.18 1.07 -0.57 -0.65 0.89 0.66 0.38 0.36 1.73 3.19 2.60 3.87 2.79
OPM % 5.66% 4.03% -2.86% -2.70% 3.72% 2.52% 1.47% 1.80% 7.43% 11.88% 10.22% 12.92% 9.82%
0.25 0.27 0.18 0.16 0.25 0.25 0.31 1.04 0.18 2.37 0.59 0.36 0.42
Interest 0.28 0.25 0.33 0.23 0.22 0.28 0.37 0.19 0.23 0.11 0.07 0.09 0.05
Depreciation 0.74 0.72 0.63 0.68 0.63 0.72 0.70 0.64 0.56 0.56 0.58 0.60 0.64
Profit before tax 0.41 0.37 -1.35 -1.40 0.29 -0.09 -0.38 0.57 1.12 4.89 2.54 3.54 2.52
Tax % -17.07% 45.95% 8.15% 5.71% -82.76% 422.22% 18.42% 5.26% 18.75% 32.31% 29.92% 20.34% 26.98%
0.48 0.19 -1.25 -1.32 0.53 0.30 -0.31 0.54 0.90 3.31 1.78 2.81 1.85
EPS in Rs 1.60 0.63 -4.17 -4.40 1.77 1.00 -1.03 1.80 3.00 11.03 5.93 9.37 6.17
Raw PDF

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: 26%
5 Years: 23%
3 Years: 58%
1 Year: 293%
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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
66.83% 66.83% 66.83% 66.83% 66.83% 66.83% 66.83% 66.83% 68.40% 68.71% 68.71% 68.71%
33.17% 33.17% 33.17% 33.17% 33.17% 33.17% 33.17% 33.17% 31.60% 31.28% 31.29% 31.29%
No. of Shareholders 2,0052,2672,0872,0822,0612,0432,1972,1612,0602,0942,0902,485

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