Ecoplast Ltd

Ecoplast Ltd

₹ 603 -0.51%
11 Jun - 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 208 Cr.
  • Current Price 603
  • High / Low 774 / 347
  • Stock P/E 24.6
  • Book Value 215
  • Dividend Yield 0.50 %
  • ROCE 20.2 %
  • ROE 14.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 19.2% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -7.40%
  • The company has delivered a poor sales growth of 5.12% over past five years.
  • Working capital days have increased from 76.7 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

Consolidated Figures in Rs. Crores / View Standalone

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
26.08 26.13 19.96 23.29 26.85 25.43 29.95 28.40 29.66 30.40 30.35 33.39 32.45
25.43 25.65 19.63 21.59 23.71 22.83 26.08 25.61 25.96 27.45 27.73 30.01 29.14
Operating Profit 0.65 0.48 0.33 1.70 3.14 2.60 3.87 2.79 3.70 2.95 2.62 3.38 3.31
OPM % 2.49% 1.84% 1.65% 7.30% 11.69% 10.22% 12.92% 9.82% 12.47% 9.70% 8.63% 10.12% 10.20%
0.26 0.21 1.07 0.21 2.42 0.59 0.36 0.42 0.61 1.07 0.41 0.44 0.75
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 3.54 3.30 2.33 2.86 2.99
Tax % -422.22% -18.42% 5.26% 18.75% 32.31% 29.92% 20.34% 26.98% 22.60% 21.82% 24.89% 25.52% 33.11%
0.30 -0.31 0.54 0.90 3.31 1.78 2.81 1.85 2.74 2.58 1.75 2.12 2.00
EPS in Rs 1.00 -1.03 1.80 3.00 11.03 5.93 9.37 6.17 9.13 8.60 5.83 7.07 5.79
Raw PDF

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
88 100 102 105 104 102 99 76 94 96 113 127
82 94 95 98 97 95 92 72 94 91 100 114
Operating Profit 6 6 7 7 7 7 7 3 1 6 13 12
OPM % 7% 6% 7% 7% 7% 7% 7% 4% 1% 6% 11% 10%
0 0 0 1 2 1 1 1 0 4 2 3
Interest 2 2 2 2 2 2 1 1 1 1 0 0
Depreciation 2 2 2 2 2 2 2 3 3 2 2 3
Profit before tax 3 2 4 4 5 4 5 0 -3 6 12 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
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
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: 12%
Compounded Profit Growth
10 Years: 20%
5 Years: 19%
3 Years: 98%
TTM: -7%
Stock Price CAGR
10 Years: 31%
5 Years: 50%
3 Years: 92%
1 Year: 63%
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
Equity Capital 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
17 14 12 15 10 9 13 9 14 1 1 1
14 12 12 13 12 10 10 11 12 9 12 13
Total Liabilities 49 46 45 52 49 48 54 51 55 44 55 87
15 14 14 16 15 14 18 17 16 15 16 25
CWIP 0 0 0 0 0 1 1 1 0 0 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 18
33 31 31 36 34 34 36 34 39 29 38 44
Total Assets 49 46 45 52 49 48 54 51 55 44 55 87

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 72 66 64 73 70 78 90 110 92 64 51 115
ROCE % 14% 13% 17% 16% 18% 13% 14% 3% -3% 13% 32% 20%

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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