TPL Plastech Ltd

TPL Plastech Ltd

₹ 99.0 4.43%
24 Apr 1:33 p.m.
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 772 Cr.
  • Current Price 99.0
  • High / Low 107 / 31.2
  • Stock P/E 96.4
  • Book Value 11.8
  • Dividend Yield 0.62 %
  • ROCE 14.0 %
  • ROE 8.98 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 27.8%

Cons

  • Stock is trading at 8.26 times its book value
  • Company has a low return on equity of 12.2% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
57.04 49.81 54.36 56.18 65.81 53.61 55.20 56.87 50.45 25.21 43.34 48.08 53.86
49.86 43.30 49.45 50.16 57.37 46.48 49.54 50.47 45.43 22.49 38.47 42.25 47.08
Operating Profit 7.18 6.51 4.91 6.02 8.44 7.13 5.66 6.40 5.02 2.72 4.87 5.83 6.78
OPM % 12.59% 13.07% 9.03% 10.72% 12.82% 13.30% 10.25% 11.25% 9.95% 10.79% 11.24% 12.13% 12.59%
0.00 0.00 0.01 0.13 0.00 0.01 0.14 0.01 0.02 0.02 0.02 0.02 0.02
Interest 1.27 1.40 1.68 1.68 1.61 1.56 1.46 1.41 1.40 1.38 1.46 1.33 1.27
Depreciation 0.89 1.01 0.93 0.99 0.97 0.93 0.90 0.92 0.93 0.95 0.91 0.93 0.94
Profit before tax 5.02 4.10 2.31 3.48 5.86 4.65 3.44 4.08 2.71 0.41 2.52 3.59 4.59
Tax % 20.12% 32.20% 29.00% 30.17% 22.18% 27.31% 29.65% 29.41% 23.25% 29.27% 28.57% 28.13% 27.67%
4.01 2.79 1.64 2.44 4.57 3.38 2.42 2.88 2.08 0.30 1.80 2.58 3.33
EPS in Rs 0.51 0.36 0.21 0.31 0.59 0.43 0.31 0.37 0.27 0.04 0.23 0.33 0.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
180 193 226 216 170
158 168 200 192 150
Operating Profit 22 24 26 24 20
OPM % 12% 13% 11% 11% 12%
0 0 0 1 1
Interest 4 5 6 6 6
Depreciation 3 3 4 4 4
Profit before tax 15 16 16 15 11
Tax % 23% 26% 28% 28% 28%
11 12 11 11 8
EPS in Rs 1.45 1.56 1.47 1.38 1.03
Dividend Payout % 21% 22% 24% 25% 34%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -4%
TTM: -21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -13%
TTM: -25%
Stock Price CAGR
10 Years: 22%
5 Years: 48%
3 Years: 62%
1 Year: 197%
Return on Equity
10 Years: %
5 Years: %
3 Years: 12%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity Capital 8 8 8 8 8
Reserves 54 63 71 79 84
37 56 58 39 29
50 69 70 75 70
Total Liabilities 148 196 208 200 190
51 71 67 66 58
CWIP 6 4 7 7 7
Investments 0 0 0 0 0
91 121 133 127 124
Total Assets 148 196 208 200 190

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3 10 10 32 21
-10 -21 -3 -2 -4
6 12 -7 -28 -19
Net Cash Flow -0 1 -0 1 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 88 91 86 78 93
Inventory Days 79 131 122 124 150
Days Payable 101 140 115 133 157
Cash Conversion Cycle 66 82 93 69 86
Working Capital Days 87 93 94 83 110
ROCE % 19% 17% 16% 14%

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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