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 ₹ 171 Cr.
- Current Price ₹ 496
- High / Low ₹ 774 / 450
- Stock P/E 20.9
- Book Value ₹ 227
- Dividend Yield 0.00 %
- ROCE 20.2 %
- ROE 14.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.2% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 5.12% over past five years.
- Working capital days have increased from 74.9 days to 114 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.
Peer comparison
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 88 | 100 | 102 | 105 | 104 | 102 | 99 | 76 | 94 | 96 | 113 | 127 | 136 | |
| 82 | 94 | 95 | 98 | 97 | 95 | 92 | 72 | 94 | 91 | 100 | 114 | 123 | |
| Operating Profit | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 3 | 1 | 6 | 13 | 12 | 13 |
| OPM % | 7% | 6% | 7% | 7% | 7% | 7% | 7% | 4% | 1% | 6% | 11% | 10% | 9% |
| 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 0 | 4 | 2 | 3 | 3 | |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 4 |
| Profit before tax | 3 | 2 | 4 | 4 | 5 | 4 | 5 | 0 | -3 | 6 | 12 | 11 | 11 |
| Tax % | 33% | 36% | 33% | 23% | 33% | 19% | 31% | 31% | -32% | 28% | 24% | 26% | |
| 2 | 1 | 3 | 3 | 4 | 3 | 4 | 0 | -2 | 4 | 9 | 8 | 8 | |
| EPS in Rs | 5.63 | 4.70 | 9.13 | 9.87 | 11.70 | 9.63 | 11.77 | 0.67 | -5.90 | 14.83 | 30.57 | 24.49 | 24.73 |
| Dividend Payout % | 21% | 26% | 16% | 12% | 13% | 16% | 13% | 0% | 0% | 10% | 10% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 5% |
| 3 Years: | 10% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 19% |
| 3 Years: | 98% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 44% |
| 3 Years: | 86% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 10% |
| 3 Years: | 16% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 15 | 16 | 19 | 21 | 24 | 26 | 29 | 29 | 26 | 30 | 39 | 71 | 75 |
| 17 | 14 | 12 | 15 | 10 | 9 | 13 | 9 | 14 | 1 | 1 | 1 | 3 | |
| 14 | 12 | 12 | 13 | 12 | 10 | 10 | 11 | 12 | 9 | 12 | 13 | 12 | |
| Total Liabilities | 49 | 46 | 45 | 52 | 49 | 48 | 54 | 51 | 55 | 44 | 55 | 87 | 93 |
| 15 | 14 | 14 | 16 | 15 | 14 | 18 | 17 | 16 | 15 | 16 | 25 | 29 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | 4 |
| 33 | 31 | 31 | 36 | 34 | 34 | 36 | 34 | 39 | 29 | 38 | 44 | 57 | |
| Total Assets | 49 | 46 | 45 | 52 | 49 | 48 | 54 | 51 | 55 | 44 | 55 | 87 | 93 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 5 | 6 | 4 | 7 | 5 | 6 | 9 | -2 | 15 | 13 | 5 | |
| -1 | -1 | -2 | -4 | -0 | -2 | -8 | -1 | -2 | 1 | -3 | -28 | |
| -1 | -5 | -5 | 1 | -6 | -3 | 2 | -7 | 4 | -14 | -2 | 23 | |
| Net Cash Flow | 1 | -1 | 0 | 0 | 1 | -1 | -0 | 0 | 1 | 2 | 7 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 73 | 66 | 63 | 71 | 61 | 61 | 77 | 97 | 78 | 45 | 34 | 46 |
| Inventory Days | 64 | 48 | 51 | 57 | 60 | 61 | 58 | 70 | 68 | 56 | 64 | 65 |
| Days Payable | 56 | 43 | 45 | 49 | 42 | 39 | 42 | 58 | 39 | 34 | 44 | 42 |
| Cash Conversion Cycle | 81 | 71 | 68 | 79 | 78 | 83 | 92 | 109 | 106 | 67 | 54 | 69 |
| Working Capital Days | 21 | 33 | 36 | 39 | 44 | 52 | 61 | 91 | 49 | 61 | 50 | 114 |
| ROCE % | 14% | 13% | 17% | 16% | 18% | 13% | 14% | 3% | -3% | 13% | 32% | 20% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Nov
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Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2025
7 Nov - Board approved Q2/H1 unaudited results: Q2 revenue Rs3,573.45L; H1 profit Rs408.60L; limited review unqualified.
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Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2025
7 Nov - Board approved unaudited Q2/H1 results for Sept 30, 2025; H1 standalone profit Rs408.60 lakhs, revenue Rs7,169.84 lakhs
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Oct - Newspaper Advertisement for notice of the NCLT convened meetings of equity shareholders and unsecured creditors.
-
Notice Convening The Meeting Of The Equity Shareholders Of Ecoplast Limited Pursuant To The Order Dated October 14, 2025 Of The Hon'Ble National Company Law Tribunal, Ahmedabad Bench, The Meeting Of The Equity Shareholders Of Ecoplast Limited Is Scheduled To Be Held On Friday, November 28, 2025 At 10.00 A.M. (IST), Through Video Conferencing / Other Audio Visual Means ('VC/OAVM')
24 Oct - NCLT‑ordered amalgamation of Kunal Plastics into Ecoplast; shareholders' meeting Nov 28, 2025; promoters rise to 74.45%.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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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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