TPL Plastech Ltd

TPL Plastech Ltd

₹ 68.5 -0.80%
23 Feb - close price
About

TPL Plastech Ltd is engaged in the business of manufacturing polymer based industrial packaging products like Drums and Jerry cans. It caters to customers in industries like Chemicals, Petrochemicals, Specialty Chemicals, Plasticizers, Pharmaceutical, FMCG, Food Products etc. [1]

Key Points

Product Portfolio
Narrow Mouth Drums: Used for storing liquid chemicals and lube oils with capacities ranging between 210-250 litre [1]
Narrow Mouth & Wide Mouth Carboys: Used in Specialty Chemical and Adhesives industry for storing semi liquid powder and paste type products with capacities ranging between 25-120 litre [2]
Open Top Drums: Used in Dyestuff, Food, Pharma industry for storing packing powder, paste type, semi liquid and solid products in capacities ranging between 35-235 litre [3]

  • Market Cap 534 Cr.
  • Current Price 68.5
  • High / Low 78.0 / 26.9
  • Stock P/E 30.4
  • Book Value 15.2
  • Dividend Yield 0.88 %
  • ROCE 17.2 %
  • ROE 13.9 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 28.9%

Cons

  • The company has delivered a poor sales growth of 7.10% over past five years.
  • Company has a low return on equity of 12.3% 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

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
47.29 52.51 49.86 58.12 58.52 62.18 62.44 67.24 68.83 72.09 69.10 78.42 82.66
41.46 45.82 43.46 51.28 51.46 55.67 55.42 59.85 61.25 64.42 61.47 69.69 72.73
Operating Profit 5.83 6.69 6.40 6.84 7.06 6.51 7.02 7.39 7.58 7.67 7.63 8.73 9.93
OPM % 12.33% 12.74% 12.84% 11.77% 12.06% 10.47% 11.24% 10.99% 11.01% 10.64% 11.04% 11.13% 12.01%
0.00 0.00 0.02 0.02 0.02 0.02 0.02 0.02 1.20 0.02 0.02 0.01 0.00
Interest 1.32 1.26 1.17 1.11 1.07 1.16 1.23 1.26 1.26 1.23 1.26 1.45 1.41
Depreciation 0.90 0.91 1.08 0.98 1.12 1.43 1.36 1.39 1.39 1.34 1.49 1.57 1.36
Profit before tax 3.61 4.52 4.17 4.77 4.89 3.94 4.45 4.76 6.13 5.12 4.90 5.72 7.16
Tax % 27.98% 28.10% 26.86% 23.90% 25.15% 25.38% 25.17% 19.12% 17.94% 25.59% 25.51% 25.52% 17.88%
2.60 3.26 3.05 3.64 3.66 2.95 3.33 3.85 5.04 3.81 3.65 4.26 5.88
EPS in Rs 0.33 0.42 0.39 0.47 0.47 0.38 0.43 0.49 0.65 0.49 0.47 0.55 0.75
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
128 154 190 182 178 180 192 219 209 170 229 271 302
114 138 172 164 157 158 168 194 185 150 202 241 268
Operating Profit 14 16 17 18 21 22 24 25 24 20 27 30 34
OPM % 11% 10% 9% 10% 12% 12% 13% 12% 11% 12% 12% 11% 11%
0 0 0 0 0 0 0 1 0 0 0 1 0
Interest 4 5 5 5 5 4 5 6 6 5 5 5 5
Depreciation 3 4 4 3 3 3 3 4 4 4 4 5 6
Profit before tax 7 8 9 10 14 15 17 16 15 11 18 20 23
Tax % 17% 17% 16% 24% 37% 23% 26% 28% 28% 28% 25% 22%
6 6 7 8 9 11 12 11 11 8 13 16 18
EPS in Rs 0.75 0.81 0.92 0.98 1.10 1.45 1.59 1.46 1.36 1.03 1.71 2.06 2.26
Dividend Payout % 27% 25% 22% 20% 23% 21% 22% 24% 26% 34% 23% 29%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 9%
TTM: 16%
Compounded Profit Growth
10 Years: 9%
5 Years: 4%
3 Years: 13%
TTM: 16%
Stock Price CAGR
10 Years: 21%
5 Years: 40%
3 Years: 65%
1 Year: 116%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 12%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 8 8 8 8 8 8 8 8 8 8 16 16 16
Reserves 21 25 30 36 45 54 63 72 79 84 87 100 103
42 41 43 42 24 37 56 58 39 29 20 44 44
33 44 40 37 54 50 65 64 68 70 84 65 76
Total Liabilities 104 117 121 123 130 148 192 202 194 190 207 224 238
48 48 47 45 49 51 66 63 61 58 60 56 81
CWIP 2 2 0 0 1 6 4 7 7 7 9 24 4
Investments 0 0 0 0 0 0 1 1 1 0 0 0 0
53 67 74 78 80 91 121 132 124 124 138 144 153
Total Assets 104 117 121 123 130 148 192 202 194 190 207 224 238

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8 12 5 9 33 3 6 9 31 21 23 -2
-11 -3 -1 -1 -8 -10 -17 -3 -3 -4 -4 -10
3 -8 -5 -8 -25 6 12 -7 -28 -19 -19 12
Net Cash Flow 0 1 -1 0 0 -0 1 -0 0 -2 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 86 81 82 71 89 88 90 86 78 93 80 73
Inventory Days 60 71 45 64 57 79 129 121 124 150 116 101
Days Payable 94 106 69 65 106 101 132 107 123 157 143 85
Cash Conversion Cycle 52 47 59 69 40 66 87 100 79 86 53 89
Working Capital Days 49 45 58 82 49 87 102 105 94 123 88 109
ROCE % 18% 18% 18% 19% 23% 22% 19% 17% 15% 13% 18% 17%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.00% 75.00% 75.00% 74.86% 74.86% 74.86% 74.86% 74.86% 74.86% 74.86% 74.86% 74.86%
0.02% 0.02% 0.00% 0.03% 0.00% 0.00% 0.01% 0.00% 0.00% 0.05% 0.00% 0.00%
0.09% 0.09% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
24.90% 24.90% 24.92% 25.03% 25.06% 25.06% 25.06% 25.06% 25.05% 25.01% 25.07% 25.06%
No. of Shareholders 6,1096,31810,0499,3299,3629,4819,34111,44911,43112,80512,07313,800

* 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.

Click on the line-items to see the names of individual entities.

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