Plastiblends India Ltd

₹ 161 -1.96%

23 Oct - close price

plastiblends.com BSE: 523648 NSE: PLASTIBLEN

About

Incorporated in 1991, Plastiblends India
Ltd is in the business of manufacturing Masterbatches^[1]

Key Points

Business Overview:^[1]
Plastiblends India is one of India's leading manufacturers and exporters of colour, white, black, additive and filler masterbatches, serving the plastics and textile industries. It also manufactures polyester masterbatches, conductive compounds and engineering plastic compounds, catering to diverse end-use industries through innovative and customised solutions.

Website BSE NSE

Market Cap ₹ 418 Cr.
Current Price ₹ 161
High / Low ₹ 216 / 121
Stock P/E 9.10
Book Value ₹ 197
Dividend Yield 1.87 %
ROCE 10.7 %
ROE 7.59 %
Face Value ₹ 5.00

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Pros

Company is almost debt free.
Stock is trading at 0.82 times its book value
Company has been maintaining a healthy dividend payout of 24.2%

Cons

Promoter holding has decreased over last quarter: -0.75%
The company has delivered a poor sales growth of 6.70% over past five years.
Company has a low return on equity of 7.69% 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.

Peer comparison

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	210	197	199	212	185	184	199	200	193	186	211	222	229
	196	186	183	195	176	173	185	186	182	176	192	200	213
Operating Profit	14	11	16	16	10	11	14	13	11	10	19	22	16
OPM %	7%	6%	8%	8%	5%	6%	7%	7%	6%	5%	9%	10%	7%
	3	2	2	2	3	2	2	3	4	3	4	2	3
Interest	0	0	0	0	0	0	0	0	1	1	1	0	0
Depreciation	4	4	4	4	4	4	4	4	4	4	4	4	4
Profit before tax	13	9	14	15	8	9	13	12	10	9	18	20	15
Tax %	26%	27%	23%	26%	24%	27%	25%	25%	26%	25%	24%	26%	27%
	10	7	11	11	6	7	10	9	7	6	14	15	11
EPS in Rs	3.67	2.54	4.13	4.17	2.43	2.58	3.68	3.43	2.86	2.49	5.33	5.75	4.10
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Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	484	511	545	568	627	587	555	699	751	781	758	768	847
	433	452	481	513	567	519	487	637	701	726	706	715	780
Operating Profit	51	59	64	55	60	67	69	62	50	55	52	53	67
OPM %	10%	12%	12%	10%	10%	12%	12%	9%	7%	7%	7%	7%	8%
	2	2	1	2	1	3	4	6	5	8	9	13	12
Interest	4	4	8	8	8	1	3	3	2	1	1	2	2
Depreciation	6	6	11	12	12	17	16	16	16	15	15	15	15
Profit before tax	43	52	46	38	42	52	53	49	36	46	45	49	62
Tax %	30%	27%	30%	28%	25%	28%	30%	25%	26%	25%	26%	25%
	30	38	33	27	31	37	37	37	27	35	33	37	46
EPS in Rs	11.56	14.49	12.58	10.51	11.99	14.31	14.37	14.12	10.33	13.29	12.87	14.12	17.67
Dividend Payout %	24%	24%	10%	24%	23%	26%	28%	28%	39%	32%	19%	21%

Compounded Sales Growth
10 Years:	4%
5 Years:	7%
3 Years:	1%
TTM:	9%

Compounded Profit Growth
10 Years:	-1%
5 Years:	-2%
3 Years:	8%
TTM:	41%

Stock Price CAGR
10 Years:	-4%
5 Years:	-7%
3 Years:	-15%
1 Year:	-10%

Return on Equity
10 Years:	10%
5 Years:	8%
3 Years:	8%
Last Year:	8%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	6	6	6	13	13	13	13	13	13	13	13	13	13
Reserves	151	178	217	235	256	268	317	368	382	392	415	436	498
	20	82	91	105	78	48	32	45	9	8	5	22	17
	80	94	84	88	67	80	91	92	81	69	75	86	98
Total Liabilities	258	361	399	442	414	409	453	518	484	482	507	558	626
	73	151	169	176	173	180	179	189	181	176	170	180	187
CWIP	5	1	0	1	0	3	9	2	0	1	3	6	11
Investments	3	3	10	11	8	4	22	51	67	71	56	56	76
	177	206	219	255	233	222	242	275	236	235	277	316	351
Total Assets	258	361	399	442	414	409	453	518	484	482	507	558	626

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	37	71	25	15	59	74	48	15	72	38	9	21
	-19	-80	-25	-17	-8	-20	-27	-5	-26	-27	6	-33
	-18	9	-0	3	-51	-55	-19	-12	-45	-11	-12	-8
Net Cash Flow	-1	-0	-0	0	-1	-1	1	-1	1	-0	3	-20
Free Cash Flow	17	-10	-1	-3	50	54	27	10	64	26	-2	-6
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	98%	139%	57%	50%	124%	131%	84%	44%	166%	91%	40%	61%

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	70	77	74	78	77	63	62	62	44	41	54	62
Inventory Days	47	57	66	84	62	85	115	93	76	76	88	96
Days Payable	30	50	34	35	12	17	24	16	17	14	18	21
Cash Conversion Cycle	86	84	106	127	127	131	153	139	102	104	124	137
Working Capital Days	71	62	73	72	77	81	95	93	86	84	104	106
ROCE %	27%	25%	19%	14%	14%	16%	16%	13%	9%	11%	10%	11%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Foreign Exchange Earned (Exports)
Rs Lakhs

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Number of Permanent Employees
Count

R&D Expenditure
Rs Lakhs

Combined Manufacturing Capacity
TPA

Market Share in Organised Masterbatch Industry
%

Exports as % of Revenue
%

Solar Renewable Energy Capacity
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	64.38%	64.38%	64.38%	64.38%	63.08%	63.08%	62.85%	62.82%	62.82%	62.82%	62.82%	62.07%
	0.82%	0.84%	0.73%	0.65%	0.64%	0.69%	0.53%	0.24%	0.24%	0.24%	0.25%	0.26%
	34.80%	34.79%	34.88%	34.97%	36.28%	36.24%	36.62%	36.94%	36.96%	36.95%	36.93%	37.68%
No. of Shareholders	14,549	15,146	15,309	17,494	16,895	16,655	17,125	17,808	17,497	17,034	17,546	18,534

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	62.07%	62.09%	62.86%	63.65%	63.98%	63.77%	63.37%	64.38%	63.08%	62.82%	62.07%
	0.37%	0.93%	1.14%	1.14%	1.14%	1.35%	0.75%	0.84%	0.69%	0.24%	0.26%
	1.85%	0.07%	1.85%	2.16%	0.22%	0.22%	0.22%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	35.71%	36.22%	34.16%	33.05%	34.66%	34.66%	35.65%	34.79%	36.24%	36.95%	37.68%
No. of Shareholders	10,673	11,799	10,207	9,797	10,501	14,000	13,935	15,146	16,655	17,034	18,534

* 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.

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Plastiblends India Ltd

Plastiblends India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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