Plastiblends India Ltd
₹ 263
0.36%
23 Apr
4:02 p.m.
About
Incorporated in 1991, Plastiblends India Ltd is a part of the Kolsite group of companies. It manufactures white, black and coloured masterbatches and compounds used primarily as colouring agents in plastics. [1]
Key Points
- Market Cap ₹ 684 Cr.
- Current Price ₹ 263
- High / Low ₹ 358 / 160
- Stock P/E 21.0
- Book Value ₹ 153
- Dividend Yield 1.53 %
- ROCE 9.20 %
- ROE 6.82 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 31.6%
- Debtor days have improved from 56.0 to 44.3 days.
Cons
- The company has delivered a poor sales growth of 5.75% over past five years.
- Company has a low return on equity of 9.58% 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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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
334 | 400 | 455 | 484 | 511 | 545 | 568 | 627 | 587 | 555 | 699 | 751 | 801 | |
302 | 368 | 408 | 433 | 452 | 481 | 513 | 567 | 519 | 487 | 637 | 701 | 745 | |
Operating Profit | 32 | 31 | 47 | 51 | 59 | 64 | 55 | 60 | 67 | 69 | 62 | 50 | 57 |
OPM % | 10% | 8% | 10% | 10% | 12% | 12% | 10% | 10% | 12% | 12% | 9% | 7% | 7% |
0 | 2 | 3 | 2 | 2 | 1 | 2 | 1 | 3 | 4 | 6 | 5 | 5 | |
Interest | 4 | 6 | 6 | 4 | 4 | 8 | 8 | 8 | 1 | 3 | 3 | 2 | 1 |
Depreciation | 4 | 4 | 4 | 6 | 6 | 11 | 12 | 12 | 17 | 16 | 16 | 16 | 16 |
Profit before tax | 24 | 23 | 41 | 43 | 52 | 46 | 38 | 42 | 52 | 53 | 49 | 36 | 44 |
Tax % | 30% | 33% | 33% | 30% | 27% | 30% | 28% | 25% | 28% | 30% | 25% | 26% | |
17 | 15 | 27 | 30 | 38 | 33 | 27 | 31 | 37 | 37 | 37 | 27 | 32 | |
EPS in Rs | 6.43 | 5.91 | 10.48 | 11.56 | 14.49 | 12.58 | 10.51 | 11.99 | 14.31 | 14.37 | 14.12 | 10.33 | 12.49 |
Dividend Payout % | 27% | 30% | 24% | 24% | 24% | 10% | 24% | 23% | 26% | 28% | 28% | 39% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 9% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | -1% |
3 Years: | -11% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 6% |
3 Years: | 4% |
1 Year: | 63% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Reserves | 100 | 110 | 130 | 151 | 178 | 217 | 235 | 256 | 268 | 317 | 368 | 382 | 385 |
49 | 58 | 31 | 20 | 82 | 91 | 105 | 78 | 48 | 32 | 45 | 7 | 15 | |
44 | 62 | 80 | 80 | 94 | 84 | 88 | 67 | 80 | 91 | 92 | 83 | 99 | |
Total Liabilities | 200 | 236 | 248 | 258 | 361 | 399 | 442 | 414 | 409 | 453 | 518 | 484 | 512 |
60 | 65 | 64 | 73 | 151 | 169 | 176 | 173 | 180 | 179 | 189 | 181 | 175 | |
CWIP | 1 | 0 | 1 | 5 | 1 | 0 | 1 | 0 | 3 | 9 | 2 | 0 | 3 |
Investments | 4 | 4 | 3 | 3 | 3 | 10 | 11 | 8 | 4 | 22 | 51 | 67 | 64 |
135 | 168 | 180 | 177 | 206 | 219 | 255 | 233 | 222 | 242 | 275 | 236 | 270 | |
Total Assets | 200 | 236 | 248 | 258 | 361 | 399 | 442 | 414 | 409 | 453 | 518 | 484 | 512 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 4 | 37 | 37 | 71 | 25 | 15 | 59 | 74 | 48 | 15 | 72 | |
-7 | -7 | -3 | -19 | -80 | -25 | -17 | -8 | -20 | -27 | -5 | -26 | |
-3 | 3 | -32 | -18 | 9 | -0 | 3 | -51 | -55 | -19 | -12 | -45 | |
Net Cash Flow | 0 | -0 | 2 | -1 | -0 | -0 | 0 | -1 | -1 | 1 | -1 | 1 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 69 | 78 | 71 | 70 | 77 | 74 | 78 | 77 | 63 | 62 | 62 | 44 |
Inventory Days | 85 | 72 | 63 | 47 | 57 | 66 | 84 | 62 | 85 | 115 | 93 | 76 |
Days Payable | 23 | 31 | 35 | 30 | 50 | 34 | 35 | 12 | 17 | 24 | 16 | 17 |
Cash Conversion Cycle | 131 | 119 | 99 | 86 | 84 | 106 | 127 | 127 | 131 | 153 | 139 | 102 |
Working Capital Days | 114 | 111 | 92 | 87 | 97 | 106 | 124 | 107 | 101 | 116 | 110 | 86 |
ROCE % | 19% | 17% | 27% | 27% | 25% | 19% | 14% | 14% | 16% | 16% | 13% | 9% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 11 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Apr
-
Compliance Certificate-Regulation 7 (3)
5 Apr - Compliance certificate -Regulation 7(3) of SEBI (LODR) Regulations, 2015
- Closure of Trading Window 26 Mar
Annual reports
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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 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Product Range
The Co produces masterbatches for Polyolefins including BOPP, PET, PBT, ABS, HIPS, EVA. The masterbatches are marketed under the trade names - Polyclear, Polynuc, Polyultra, Antimicrobial, Polyrodent, PolyFR and Anti-fibrillation. These products find application in a variety of industries such as Agriculture, Textiles, Packaging, etc. [1]