TPL Plastech Ltd

TPL Plastech Ltd

₹ 91.7 -1.31%
14 Jun - close price
About

Incorporated in 1992, TPL Plastech
Ltd manufactures and sells Polymer
Products[1]

Key Points

Business Overview:[1]
TPLPL is a part of Time Technoplast Ltd, which holds 75% stake in the company. It manufactures HDPE drum containers with container capacity of 20-250 litre, primarily used in bulk packaging of speciality chemicals, paints and inks, pharmaceutical products, and fast-moving consumer goods. Company also manufactures small packaging products with container capacity of 30ml to 10 litre

  • Market Cap 715 Cr.
  • Current Price 91.7
  • High / Low 107 / 38.6
  • Stock P/E 36.0
  • Book Value 16.7
  • Dividend Yield 0.65 %
  • ROCE 19.3 %
  • ROE 16.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 28.0%

Cons

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
52.51 49.86 58.12 58.52 62.18 62.44 67.24 68.83 72.09 69.10 78.42 82.66 82.73
45.82 43.46 51.28 51.46 55.67 55.42 59.85 61.25 64.42 61.47 69.69 72.73 72.97
Operating Profit 6.69 6.40 6.84 7.06 6.51 7.02 7.39 7.58 7.67 7.63 8.73 9.93 9.76
OPM % 12.74% 12.84% 11.77% 12.06% 10.47% 11.24% 10.99% 11.01% 10.64% 11.04% 11.13% 12.01% 11.80%
0.00 0.02 0.02 0.02 0.02 0.02 0.02 1.20 0.02 0.02 0.01 0.00 0.47
Interest 1.26 1.17 1.11 1.07 1.16 1.23 1.26 1.26 1.23 1.26 1.45 1.41 1.32
Depreciation 0.91 1.08 0.98 1.12 1.43 1.36 1.39 1.39 1.34 1.49 1.57 1.36 1.20
Profit before tax 4.52 4.17 4.77 4.89 3.94 4.45 4.76 6.13 5.12 4.90 5.72 7.16 7.71
Tax % 28.10% 26.86% 23.90% 25.15% 25.38% 25.17% 19.12% 17.94% 25.59% 25.51% 25.52% 17.88% 21.14%
3.26 3.05 3.64 3.66 2.95 3.33 3.85 5.04 3.81 3.65 4.26 5.88 6.07
EPS in Rs 0.42 0.39 0.47 0.47 0.38 0.43 0.49 0.65 0.49 0.47 0.55 0.75 0.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
154 190 182 178 180 192 219 209 170 229 271 313
138 172 164 157 158 168 194 185 150 202 241 277
Operating Profit 16 17 18 21 22 24 25 24 20 27 30 36
OPM % 10% 9% 10% 12% 12% 13% 12% 11% 12% 12% 11% 12%
0 0 0 0 0 0 1 0 0 0 1 0
Interest 5 5 5 5 4 5 6 6 5 5 5 5
Depreciation 4 4 3 3 3 3 4 4 4 4 5 6
Profit before tax 8 9 10 14 15 17 16 15 11 18 20 25
Tax % 17% 16% 24% 37% 23% 26% 28% 28% 28% 25% 22% 22%
6 7 8 9 11 12 11 11 8 13 16 20
EPS in Rs 0.81 0.92 0.98 1.10 1.45 1.59 1.46 1.36 1.03 1.71 2.06 2.54
Dividend Payout % 25% 22% 20% 23% 21% 22% 24% 26% 34% 23% 29% 31%
Compounded Sales Growth
10 Years: 5%
5 Years: 7%
3 Years: 22%
TTM: 16%
Compounded Profit Growth
10 Years: 11%
5 Years: 12%
3 Years: 35%
TTM: 31%
Stock Price CAGR
10 Years: 19%
5 Years: 48%
3 Years: 56%
1 Year: 108%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 15%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8 8 8 8 8 16 16 16
Reserves 25 30 36 45 54 63 72 79 84 87 100 115
41 43 42 24 37 56 58 39 29 20 44 31
44 40 37 54 50 65 64 68 70 84 65 71
Total Liabilities 117 121 123 130 148 192 202 194 190 207 224 232
48 47 45 49 51 66 63 61 58 60 56 84
CWIP 2 0 0 1 6 4 7 7 7 9 24 1
Investments 0 0 0 0 0 1 1 1 0 0 0 0
67 74 78 80 91 121 132 124 124 138 144 147
Total Assets 117 121 123 130 148 192 202 194 190 207 224 232

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 5 9 33 3 6 9 31 21 23 -2 29
-3 -1 -1 -8 -10 -17 -3 -3 -4 -4 -10 -6
-8 -5 -8 -25 6 12 -7 -28 -19 -19 12 -24
Net Cash Flow 1 -1 0 0 -0 1 -0 0 -2 -0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 81 82 71 89 88 90 86 78 93 80 73 64
Inventory Days 71 45 64 57 79 129 121 124 150 116 101 103
Days Payable 106 69 65 106 101 132 107 123 157 143 85 83
Cash Conversion Cycle 47 59 69 40 66 87 100 79 86 53 89 83
Working Capital Days 45 58 82 49 87 102 105 94 123 88 109 89
ROCE % 18% 18% 19% 23% 22% 19% 17% 15% 13% 18% 17%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 74.86% 74.86% 74.86% 74.86% 74.86% 74.86% 74.86% 74.86% 74.86% 74.86%
0.02% 0.00% 0.03% 0.00% 0.00% 0.01% 0.00% 0.00% 0.05% 0.00% 0.00% 0.01%
0.09% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
24.90% 24.92% 25.03% 25.06% 25.06% 25.06% 25.06% 25.05% 25.01% 25.07% 25.06% 25.04%
No. of Shareholders 6,31810,0499,3299,3629,4819,34111,44911,43112,80512,07313,80018,504

* 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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