TPL Plastech Ltd

About

TPL Plastech is engaged in Business of Manufacture of Plastic Products.

  • Market Cap 82.7 Cr.
  • Current Price 106
  • High / Low 150 / 56.6
  • Stock P/E 11.0
  • Book Value 111
  • Dividend Yield 3.30 %
  • ROCE 15.8 %
  • ROE 12.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.95 times its book value
  • Stock is providing a good dividend yield of 3.30%.
  • Company has been maintaining a healthy dividend payout of 23.89%

Cons

  • The company has delivered a poor growth of 2.78% over past five years.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
45.47 46.97 56.38 48.80 53.07 54.14 62.99 51.70 53.26 55.25 48.91 24.86
39.90 41.08 49.04 42.39 48.28 48.29 54.74 44.70 47.73 48.94 44.01 22.21
Operating Profit 5.57 5.89 7.34 6.41 4.79 5.85 8.25 7.00 5.53 6.31 4.90 2.65
OPM % 12.25% 12.54% 13.02% 13.14% 9.03% 10.81% 13.10% 13.54% 10.38% 11.42% 10.02% 10.66%
Other Income 0.00 0.00 0.00 0.00 0.01 0.13 0.00 0.01 0.14 0.00 0.01 0.00
Interest 1.08 1.08 1.20 1.31 1.55 1.58 1.52 1.48 1.40 1.37 1.36 1.34
Depreciation 0.72 0.84 0.86 0.97 0.90 0.95 0.93 0.89 0.86 0.88 0.90 0.91
Profit before tax 3.77 3.97 5.28 4.13 2.35 3.45 5.80 4.64 3.41 4.06 2.65 0.40
Tax % 19.10% 32.49% 19.13% 31.96% 28.51% 30.72% 22.41% 27.37% 29.91% 29.56% 23.77% 27.50%
Net Profit 3.04 2.68 4.27 2.81 1.68 2.39 4.50 3.36 2.39 2.85 2.02 0.29
EPS in Rs 3.90 3.44 5.47 3.60 2.15 3.06 5.77 4.31 3.06 3.65 2.59 0.37
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
67 73 97 128 154 190 182 178 180 192 219 209 182
60 62 83 114 138 172 164 157 158 168 194 185 163
Operating Profit 7 10 14 14 16 17 18 21 22 24 25 24 19
OPM % 11% 14% 14% 11% 10% 9% 10% 12% 12% 13% 12% 11% 11%
Other Income 0 0 4 0 0 0 0 0 0 0 1 1 0
Interest 1 2 3 4 5 5 5 5 4 5 6 6 5
Depreciation 1 2 3 3 4 4 3 3 3 3 4 4 4
Profit before tax 4 7 12 7 8 9 10 14 15 17 16 15 11
Tax % 34% 34% 23% 17% 17% 16% 24% 37% 23% 26% 28% 28%
Net Profit 3 5 9 6 6 7 8 9 11 12 11 11 8
EPS in Rs 3.73 5.87 11.58 7.53 8.05 9.22 9.76 11.01 14.46 15.94 14.59 13.60 9.67
Dividend Payout % 54% 34% 17% 27% 25% 22% 20% 23% 21% 22% 24% 26%
Compounded Sales Growth
10 Years:11%
5 Years:3%
3 Years:5%
TTM:-18%
Compounded Profit Growth
10 Years:9%
5 Years:7%
3 Years:-2%
TTM:-37%
Stock Price CAGR
10 Years:4%
5 Years:-12%
3 Years:-43%
1 Year:-19%
Return on Equity
10 Years:18%
5 Years:16%
3 Years:15%
Last Year:13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
8 8 8 8 8 8 8 8 8 8 8 8
Reserves 7 9 17 21 25 30 36 45 54 63 72 79
Borrowings 10 25 33 42 41 43 42 24 37 56 58 39
16 14 25 33 44 40 37 54 50 65 64 68
Total Liabilities 40 56 82 104 117 121 123 130 148 192 202 194
14 15 41 48 48 47 45 49 51 66 63 61
CWIP 4 13 1 2 2 0 0 1 6 4 7 7
Investments 0 0 0 0 0 0 0 0 0 1 1 1
21 28 40 53 67 74 78 80 91 121 132 124
Total Assets 40 56 82 104 117 121 123 130 148 192 202 194

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
13 0 9 8 12 5 9 33 3 6 9 31
-8 -11 -12 -11 -3 -1 -1 -8 -10 -17 -3 -3
-5 11 3 3 -8 -5 -8 -25 6 12 -7 -28
Net Cash Flow -0 0 -0 0 1 -1 0 0 -0 1 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 24% 26% 24% 18% 18% 18% 19% 23% 22% 19% 17% 16%
Debtor Days 62 87 89 86 81 82 71 89 88 90 86 78
Inventory Turnover 7.49 8.93 9.50 7.63 6.37 7.56 6.83 6.25 5.61 3.77 3.31 3.06

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
75.00 75.00 75.00 74.09 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
5.79 5.79 5.79 4.03 1.66 0.02 0.02 0.02 0.02 0.02 0.02 0.02
0.11 0.09 0.09 0.08 0.08 0.09 0.09 0.09 0.10 0.09 0.09 0.09
19.10 19.13 19.13 21.80 23.26 24.89 24.89 24.89 24.88 24.89 24.89 24.89

Documents