HCP Plastene Bulkpack Ltd

HCP Plastene Bulkpack Ltd

₹ 198 1.41%
23 Feb - close price
About

Incorporated in 1984, HCL Plastene Bulkpack Ltd deals in FIBC Jumbo Bags, PP Woven Sack Bags, PP Woven Labels and related products[1]

Key Points

Business Overview:[1]
HPBL is a flagship of the Plastene Group of Companies. It is a plastic packaging manufacturer of FIBCs, small bags, AD star bags and multi-layer films

  • Market Cap 211 Cr.
  • Current Price 198
  • High / Low 349 / 179
  • Stock P/E
  • Book Value 46.1
  • Dividend Yield 0.00 %
  • ROCE 6.42 %
  • ROE 2.32 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 64.1 to 28.8 days.
  • Company's working capital requirements have reduced from 89.2 days to 70.2 days

Cons

  • Stock is trading at 4.29 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
15.11 10.59 11.15 11.48 78.97 111.04 93.80 69.46 77.22 59.37 78.87 79.68
15.33 11.11 11.91 8.74 75.10 106.05 89.70 66.00 74.11 57.99 74.03 74.69
Operating Profit -0.22 -0.52 -0.76 2.74 3.87 4.99 4.10 3.46 3.11 1.38 4.84 4.99
OPM % -1.46% -4.91% -6.82% 23.87% 4.90% 4.49% 4.37% 4.98% 4.03% 2.32% 6.14% 6.26%
-0.19 0.06 0.07 0.02 0.50 1.86 0.10 0.02 0.32 0.25 0.89 0.20
Interest 1.27 0.82 0.84 0.84 1.40 1.90 2.06 2.32 3.10 2.50 2.72 3.07
Depreciation 1.28 1.14 1.18 1.17 1.75 1.77 1.82 1.95 1.84 1.80 1.89 1.81
Profit before tax -2.96 -2.42 -2.71 0.75 1.22 3.18 0.32 -0.79 -1.51 -2.67 1.12 0.31
Tax % 678.72% 22.31% 7.75% -53.33% 36.07% 33.02% 56.25% 32.91% 37.09% 19.85% 14.29% 6.45%
17.14 -1.88 -2.50 1.15 0.78 2.13 0.12 -0.55 -0.95 -2.14 0.96 0.28
EPS in Rs 10.45 -1.15 -1.52 0.70 0.17 0.37 -1.00 -0.23 -1.36 -1.41 0.21 -0.42
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 TTM
16 112 351 295
19 106 334 281
Operating Profit -3 6 18 14
OPM % -20% 5% 5% 5%
53 1 1 2
Interest 1 4 10 11
Depreciation 5 5 7 7
Profit before tax 44 -3 1 -3
Tax % -46% 22% 36%
64 -2 1 -2
EPS in Rs 38.79 -2.86 -2.07 -2.98
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -576%
Stock Price CAGR
10 Years: 31%
5 Years: 23%
3 Years: %
1 Year: -27%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 11 11
Reserves 16 15 39 39
38 109 123 134
8 39 27 28
Total Liabilities 72 174 200 211
27 79 84 82
CWIP 0 0 1 2
Investments 0 0 1 0
45 94 115 127
Total Assets 72 174 200 211

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
-16 -23 -20
-1 -57 -13
14 81 34
Net Cash Flow -3 0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
Debtor Days 76 87 29
Inventory Days 225 115 38
Days Payable 245 94 10
Cash Conversion Cycle 56 108 57
Working Capital Days 85 112 70
ROCE % 1% 6%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
92.83% 92.83% 92.83% 92.82% 89.00% 89.00% 89.00% 89.00% 89.00% 89.00% 76.39% 75.00%
0.23% 0.23% 0.18% 0.18% 0.17% 0.17% 0.17% 0.18% 0.18% 0.18% 0.18% 0.18%
5.00% 5.00% 5.00% 5.00% 4.80% 4.80% 4.80% 4.80% 4.80% 4.80% 4.80% 4.80%
1.94% 1.94% 1.99% 1.99% 6.04% 6.04% 6.04% 6.04% 6.03% 6.02% 18.63% 20.02%
No. of Shareholders 3,8853,9715,3145,1725,1355,0444,9544,8714,7674,7065,1995,084

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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