Plastiblends India Ltd

₹ 180 1.99%

06 Jul - 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]^[2]
PIL is a part of the Kolsite group of companies. It is an ISO14001:2015, OHSAS 18001:2007 and ISO 9001:2015, TUV SUD America certified; India's largest manufacturer and exporter of Colour and Additive Master Batches and Thermoplastic Compounds for the Plastic Processing Industry. It produces masterbatches for Polyolefin's including BOPP, PET, PBT, ABS, HIPS, EVA. Company has ventured into Engineering Plastics Compounds and has developed various grades for various applications in automobile, electrical & electronics etc. Approvals from several OEM and tier-1 manufacturers are received and many are under process.

Website BSE NSE

Market Cap ₹ 467 Cr.
Current Price ₹ 180
High / Low ₹ 217 / 121
Stock P/E 12.7
Book Value ₹ 173
Dividend Yield 1.39 %
ROCE 11.3 %
ROE 8.37 %
Face Value ₹ 5.00

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Pros

Company is almost debt free.
Stock is trading at 1.04 times its book value
Company has been maintaining a healthy dividend payout of 24.2%

Cons

The company has delivered a poor sales growth of 7.27% over past five years.
Company has a low return on equity of 8.07% 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

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	198	196	210	197	199	212	185	184	199	200	193	186	211
	180	183	196	186	183	195	176	173	185	186	182	176	192
Operating Profit	18	13	14	11	16	16	10	11	14	13	11	10	19
OPM %	9%	7%	7%	6%	8%	8%	5%	6%	7%	7%	6%	5%	9%
	-1	1	3	2	2	2	3	2	2	3	4	3	4
Interest	0	0	0	0	0	0	0	0	0	0	1	1	1
Depreciation	4	4	4	4	4	4	4	4	4	4	4	4	4
Profit before tax	12	10	13	9	14	15	8	9	13	12	10	9	18
Tax %	28%	27%	26%	27%	23%	26%	24%	27%	25%	25%	26%	25%	24%
	9	8	10	7	11	11	6	7	10	9	7	6	14
EPS in Rs	3.34	2.94	3.67	2.54	4.13	4.17	2.43	2.58	3.68	3.43	2.86	2.49	5.33
Raw PDF

Upcoming result date: 13 July 2026

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
	484	511	545	568	627	587	555	699	751	781	758	789
	433	452	481	513	567	519	487	637	701	726	706	736
Operating Profit	51	59	64	55	60	67	69	62	50	55	52	53
OPM %	10%	12%	12%	10%	10%	12%	12%	9%	7%	7%	7%	7%
	2	2	1	2	1	3	4	6	5	8	9	13
Interest	4	4	8	8	8	1	3	3	2	1	1	2
Depreciation	6	6	11	12	12	17	16	16	16	15	15	15
Profit before tax	43	52	46	38	42	52	53	49	36	46	45	49
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
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
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:	2%
TTM:	4%

Compounded Profit Growth
10 Years:	0%
5 Years:	0%
3 Years:	11%
TTM:	16%

Stock Price CAGR
10 Years:	-2%
5 Years:	-7%
3 Years:	-2%
1 Year:	-17%

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

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/OP	98%	139%	57%	50%	124%	131%	84%	44%	166%	91%	40%	61%

Ratios

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
Debtor Days	70	77	74	78	77	63	62	62	44	41	54	60
Inventory Days	47	57	66	84	62	85	115	93	76	76	88	95
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	135
Working Capital Days	71	62	73	72	77	81	95	93	86	84	104	122
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

Combined Manufacturing Capacity
TPA

	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
					xx			xx	xx	xx
								x.xx	x.xx	x.xx

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Foreign Exchange Earned (Exports)
Rs Lakhs

Number of Permanent Employees
Count

R&D Expenditure
Rs Lakhs

Market Share in Organised Masterbatch Industry
%

Exports as % of Revenue
%

Solar Renewable Energy Capacity
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	63.37%	64.21%	64.38%	64.38%	64.38%	64.38%	63.08%	63.08%	62.85%	62.82%	62.82%	62.82%
	0.75%	0.76%	0.82%	0.84%	0.73%	0.65%	0.64%	0.69%	0.53%	0.24%	0.24%	0.24%
	0.22%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	35.65%	34.82%	34.80%	34.79%	34.88%	34.97%	36.28%	36.24%	36.62%	36.94%	36.96%	36.95%
No. of Shareholders	13,849	13,483	14,549	15,146	15,309	17,494	16,895	16,655	17,125	17,808	17,497	17,034

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

* 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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Announcements

Annual reports

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