HCP Plastene Bulkpack Ltd
Incorporated in 1984, HCL Plastene Bulkpack Ltd deals in FIBC Jumbo Bags, PP Woven Sack Bags, PP Woven Labels and related products[1]
- Market Cap ₹ 194 Cr.
- Current Price ₹ 182
- High / Low ₹ 216 / 88.8
- Stock P/E 9.71
- Book Value ₹ 63.4
- Dividend Yield 0.55 %
- ROCE 13.2 %
- ROE 17.7 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 2.87 times its book value
- Company has a low return on equity of 4.36% over last 3 years.
- Contingent liabilities of Rs.130 Cr.
- Debtor days have increased from 58.9 to 77.9 days.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 16 | 112 | 351 | 295 | 463 | 567 | |
| 19 | 106 | 334 | 278 | 428 | 515 | |
| Operating Profit | -3 | 6 | 18 | 17 | 35 | 52 |
| OPM % | -20% | 5% | 5% | 6% | 8% | 9% |
| 53 | 1 | 1 | 3 | 5 | 12 | |
| Interest | 1 | 4 | 10 | 12 | 15 | 19 |
| Depreciation | 5 | 5 | 7 | 7 | 7 | 7 |
| Profit before tax | 44 | -3 | 1 | 0 | 18 | 38 |
| Tax % | -46% | -22% | 36% | -55% | 26% | |
| 64 | -2 | 1 | 0 | 13 | 31 | |
| EPS in Rs | 38.79 | -2.86 | -2.07 | -1.11 | 9.02 | 18.77 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 60% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 73% |
| TTM: | 300% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | % |
| 3 Years: | -11% |
| 1 Year: | 58% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 4% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 11 | 11 | 11 | 11 |
| Reserves | 16 | 15 | 39 | 39 | 49 | 57 |
| 38 | 109 | 123 | 158 | 190 | 201 | |
| 8 | 39 | 27 | 25 | 35 | 54 | |
| Total Liabilities | 72 | 174 | 200 | 233 | 285 | 322 |
| 27 | 79 | 84 | 77 | 73 | 70 | |
| CWIP | 0 | 0 | 1 | 4 | 0 | 1 |
| Investments | 0 | 0 | 1 | 1 | 0 | 1 |
| 45 | 94 | 115 | 152 | 212 | 251 | |
| Total Assets | 72 | 174 | 200 | 233 | 285 | 322 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -16 | -23 | -20 | -19 | -19 | |
| -1 | -57 | -13 | -5 | 1 | |
| 14 | 81 | 34 | 24 | 18 | |
| Net Cash Flow | -3 | 0 | 1 | -1 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 76 | 87 | 29 | 70 | 78 |
| Inventory Days | 225 | 115 | 38 | 65 | 61 |
| Days Payable | 245 | 94 | 10 | 7 | 9 |
| Cash Conversion Cycle | 56 | 108 | 57 | 129 | 131 |
| Working Capital Days | 85 | 43 | 28 | -5 | 7 |
| ROCE % | 1% | 6% | 6% | 13% |
Documents
Announcements
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ANNOUNCEMENT UNDER CLAUSE 30 REGARDING COMMERCIAL PRODUCTION
25 Feb - New manufacturing unit commenced 25-Feb-2026; 300 MT/month capacity; ~Rs.3.00 Crore investment.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Feb - Results of the Company for the quarter ended on 31st December, 2025, as approved by Board on 10th February, 2026 now published in the newspaper …
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Appointment of Company Secretary and Compliance Officer
10 Feb - Rishabh Kumar Jain appointed Company Secretary & Compliance Officer effective 10 Feb 2026; 17+ years' experience.
- RESULTS -UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS OF THE COMPANY FOR THE QUARTER ENDED ON 31ST DECEMBER, 2025 10 Feb
-
Board Meeting Outcome for OUTCOME OF BOARD MEETING HELD ON 10TH FEBRUARY, 2026
10 Feb - Approved unaudited standalone/consolidated results for quarter and nine months ended Dec 31, 2025; appointed CS Rishabh K. Jain.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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 2012
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Financial Year 2011
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Business Overview:[1]
HPBL is a flagship of the Plastene Group of Companies. It is a plastic packaging manufacturer of FIBCs, small bags, AD star bags and multi-layer films