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 ₹ 161 Cr.
- Current Price ₹ 466
- High / Low ₹ 773 / 392
- Stock P/E 21.4
- 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.
- Promoter holding has decreased over last 3 years: -3.56%
- 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 | 139 | |
| 82 | 94 | 95 | 98 | 97 | 95 | 92 | 72 | 94 | 91 | 100 | 114 | 127 | |
| Operating Profit | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 3 | 1 | 6 | 13 | 12 | 12 |
| 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 | 1 |
| 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 | 21.74 |
| 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: | -18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 45% |
| 3 Years: | 63% |
| 1 Year: | -25% |
| 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 |
| Free Cash Flow | 1 | 4 | 5 | -1 | 6 | 2 | -2 | 7 | -4 | 15 | 9 | -6 |
| CFO/OP | 49% | 105% | 107% | 62% | 127% | 89% | 109% | 264% | -359% | 278% | 119% | 64% |
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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Numbers ・Standalone data |
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| Installed Blown Film Capacity MTPA ・Standalone data |
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| Installed Coating Facility Capacity MTPA ・Standalone data |
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| Export Sales Volume MT ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations') Regarding Receipt Of Certified Copy Of Order Of The Hon'Ble National Company Law Tribunal, Ahmedabad Bench ('NCLT') Sanctioning The Scheme Of Amalgamation Of Kunal Plastics Private Limited With Ecoplast Limited And Their Respective Shareholders.
3m - NCLT sanctioned amalgamation of Kunal Plastics Private Limited with Ecoplast Limited on May 27, 2026.
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Announcement under Regulation 30 (LODR)-Credit Rating
20 May - CRISIL reviewed Ecoplast’s ratings: BBB-/Watch Developing and A3/Watch Developing.
- Closure of Trading Window 20 May
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
15 May - NCLT sanctioned amalgamation of Kunal Plastics with Ecoplast on 14 May 2026.
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Board Meeting Intimation for Notice Of Board Meeting
15 May - Board meeting on May 29, 2026 to approve FY26 audited results and consider dividend.
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