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 ₹ 164 Cr.
- Current Price ₹ 476
- High / Low ₹ 774 / 450
- Stock P/E 20.0
- 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: | 19% |
| 5 Years: | 43% |
| 3 Years: | 84% |
| 1 Year: | -15% |
| 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
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Outcome Of Board Meeting Dated 06/12/2025
6 Dec - Board approved Rs.12.75 crore capacity addition: 1,800 MT extrusion by June 2026; 1,680 MT coating by Dec 2026.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
1 Dec - Scheme of Amalgamation with Kunal Plastics approved Nov 28, 2025.
-
Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting
28 Nov - Shareholders and unsecured creditors met Nov 28, 2025 to consider amalgamation of Kunal Plastics into Ecoplast.
-
Announcement under Regulation 30 (LODR)-Credit Rating
27 Nov - CRISIL maintains long-term BBB- and short-term A3, both on 'Watch Developing' (27 Nov 2025).
- Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Nov
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