Technopack Polymers Ltd

Technopack Polymers Ltd

₹ 23.1 5.00%
10 Jun - close price
About

Incorporated in 2018, Technopack Polymers
Ltd manufactures CCM Caps & Closures and
Pet Preforms[1]

Key Points

Business Overview:[1][2]
TPPL manufactures HDPE caps, PET performs and offers a range of plastic packaging solutions. It is the largest importer of resin and also supplies corrugated boxes, along with plastic and paper products for FMCG packaging.

  • Market Cap 25.0 Cr.
  • Current Price 23.1
  • High / Low 46.1 / 19.1
  • Stock P/E 14.5
  • Book Value 18.4
  • Dividend Yield 0.00 %
  • ROCE 11.6 %
  • ROE 9.02 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 31.8 to 24.7 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.7% over last 3 years.

* 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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Half Yearly Results

Figures in Rs. Crores

Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025
4.61 6.30 5.22 7.19 5.76 9.28 8.04
2.86 4.39 3.51 5.35 3.62 7.16 6.08
Operating Profit 1.75 1.91 1.71 1.84 2.14 2.12 1.96
OPM % 37.96% 30.32% 32.76% 25.59% 37.15% 22.84% 24.38%
0.04 0.02 0.18 0.14 0.00 0.13 0.00
Interest 0.14 0.10 0.10 0.27 0.30 0.34 0.14
Depreciation 0.25 0.19 0.19 0.37 1.67 0.77 0.63
Profit before tax 1.40 1.64 1.60 1.34 0.17 1.14 1.19
Tax % 29.29% 26.83% 26.88% 26.12% 17.65% 24.56% 26.89%
0.99 1.20 1.17 0.99 0.13 0.85 0.87
EPS in Rs 4.95 1.52 1.08 0.92 0.12 0.79 0.81
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3.20 5.78 9.98 11.52 12.76 17.45
2.93 5.22 6.28 7.87 8.98 13.24
Operating Profit 0.27 0.56 3.70 3.65 3.78 4.21
OPM % 8.44% 9.69% 37.07% 31.68% 29.62% 24.13%
0.36 0.38 0.05 0.20 0.33 0.00
Interest 0.26 0.33 0.25 0.23 0.57 0.49
Depreciation 0.34 0.59 0.52 0.39 2.04 1.40
Profit before tax 0.03 0.02 2.98 3.23 1.50 2.32
Tax % 0.00% 0.00% 29.19% 26.63% 25.33% 26.29%
0.04 0.02 2.11 2.37 1.13 1.72
EPS in Rs 0.20 0.10 10.55 2.19 1.05 1.59
Dividend Payout % 0.00% 0.00% 4.74% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 40%
3 Years: 20%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: 112%
3 Years: -6%
TTM: 72%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -29%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 11%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 1.00 1.00 1.00 5.40 5.40 10.80
Reserves -0.02 0.00 2.00 11.69 12.82 9.13
2.57 4.49 3.89 2.31 7.40 2.92
0.03 0.37 2.38 1.02 0.56 0.97
Total Liabilities 3.58 5.86 9.27 20.42 26.18 23.82
1.54 2.86 2.13 1.78 8.51 9.11
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.04 0.00 0.22 0.23 2.86 0.00
2.00 3.00 6.92 18.41 14.81 14.71
Total Assets 3.58 5.86 9.27 20.42 26.18 23.82

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.05 0.54 0.72 -0.72 0.26 4.11
-0.30 -2.05 0.25 -4.20 -9.22 0.98
0.16 1.59 -0.95 9.38 4.52 -4.96
Net Cash Flow -0.09 0.08 0.01 4.45 -4.45 0.13

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 11.41 64.41 80.10 35.17 35.47 24.68
Inventory Days 161.08 106.46 287.37 498.63 534.87 342.83
Days Payable 0.00 28.73 93.29 8.66 2.97 11.57
Cash Conversion Cycle 172.49 142.14 274.17 525.14 567.37 355.95
Working Capital Days 213.30 149.03 156.17 338.39 339.83 237.62
ROCE % 7.74% 52.02% 25.48% 8.35% 11.59%

Shareholding Pattern

Numbers in percentages

Nov 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025
73.52% 73.52% 73.52% 73.52% 73.56% 73.56%
26.49% 26.49% 26.48% 26.47% 26.45% 26.45%
No. of Shareholders 425441472446423428

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