WEBSITE BSE:526965 NSE: GUJ.CRAFT IN Inc. Year: 1984 Industry: Plastic Products My Bucket: Add Stock
Last updated: 10:36
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1. Business Overview
Gujarat Craft Industries Ltd. operates in the Plastic Products sector, primarily engaged in the manufacturing and sale of various plastic products. While specific product details are not provided, companies in this industry typically produce a range of items such as plastic sheets, films, molded components, packaging materials, or industrial plastic goods. The core business model involves sourcing raw materials (primarily polymers derived from crude oil), processing them through various manufacturing techniques (e.g., extrusion, molding), and selling the finished plastic products to B2B clients (e.g., other manufacturers, packaging companies) or B2C markets, depending on their product portfolio. The company makes money through the sales of these manufactured plastic goods.
2. Key Segments / Revenue Mix
Specific details regarding the company's major business segments or their revenue contribution are not publicly available in the provided information. Companies in the plastic products industry may categorize their revenue by product type (e.g., packaging films, industrial components, consumer goods), application sector (e.g., automotive, construction, FMCG), or geography. Without further data, a detailed breakdown cannot be provided.
3. Industry & Positioning
The Indian plastic products industry is large, diverse, and highly fragmented, encompassing a wide range of products from basic commodities to specialized engineering plastics. It is characterized by the presence of numerous small and medium-sized enterprises (SMEs) alongside larger, more integrated players. The industry is driven by demand from various end-user sectors like packaging, automotive, construction, agriculture, and consumer goods, benefiting from India's economic growth and urbanization. Gujarat Craft Industries Ltd. operates within this competitive landscape, likely specializing in certain types of plastic products or serving specific client segments. Its positioning relative to peers would depend on its product niche, technological capabilities, manufacturing scale, and market reach.
4. Competitive Advantage (Moat)
Based solely on the sector and industry, a strong, durable competitive advantage (moat) for Gujarat Craft Industries Ltd. is not immediately apparent without further specific information. The plastic products industry can be highly competitive, with products often susceptible to commoditization. Potential moats, if any, could include:
Operational Efficiency: Cost advantages through superior manufacturing processes, supply chain management, or scale.
Customer Relationships: Long-standing relationships with key clients leading to recurring business.
Product Specialization/Niche: Expertise in producing specialized plastic products that are difficult for competitors to replicate.
Geographic Advantage: Proximity to raw material sources or key markets, reducing logistics costs.
However, without specific details, it is difficult to definitively state the presence of a strong, durable moat.
5. Growth Drivers
Key factors that could drive growth for Gujarat Craft Industries Ltd. over the next 3-5 years include:
Economic Growth: Overall economic expansion in India, increasing demand across various end-user industries (e.g., packaging, automotive, construction) that utilize plastic products.
Urbanization & Changing Lifestyles: Rising disposable incomes and changing consumer preferences driving demand for packaged goods and consumer durables, all of which use plastic components.
Infrastructure Development: Government initiatives in infrastructure and construction requiring plastic components like pipes, fittings, and insulation materials.
Substitution Trend: Continued shift from traditional materials (e.g., metal, glass) to plastics due to their lightweight, durability, and cost-effectiveness.
Export Opportunities: Tapping into global markets for specialized plastic products.
6. Risks
Gujarat Craft Industries Ltd. faces several business risks:
Raw Material Price Volatility: Plastic products are derivatives of crude oil. Fluctuations in crude oil prices directly impact polymer prices, affecting manufacturing costs and profit margins.
Intense Competition: The fragmented nature of the Indian plastic industry means high competition, potentially leading to pricing pressures and reduced market share.
Environmental Regulations: Increasing environmental concerns and stringent government regulations regarding plastic waste management, single-use plastics bans, and recycling mandates could impact operations and product portfolios.
Demand Fluctuations: Economic downturns or slowdowns in key end-user industries can lead to reduced demand for plastic products.
Technological Obsolescence: Failure to adopt new manufacturing technologies or develop innovative products could lead to a loss of competitiveness.
Supply Chain Disruptions: Geopolitical events, pandemics, or logistical issues can disrupt the supply of raw materials or finished goods.
7. Management & Ownership
Specific details regarding the promoters, management team quality, and detailed ownership structure are not provided in the input. Typically, Indian companies like Gujarat Craft Industries Ltd. are promoter-driven, with the founding family or individuals holding a significant stake and often playing key roles in strategic decision-making and day-to-day operations. The quality of management would depend on their experience, strategic vision, operational efficiency, and corporate governance practices.
8. Outlook
Gujarat Craft Industries Ltd., as a player in the Indian plastic products industry, operates in a sector with significant underlying growth drivers rooted in India's economic expansion, urbanization, and increasing industrial demand. The long-term trend for plastic consumption in India remains positive, supported by diverse applications across multiple sectors. However, the company faces inherent challenges common to the industry, including exposure to volatile raw material prices, intense competition, and increasing regulatory scrutiny around environmental impact. Its ability to navigate these challenges, maintain operational efficiency, innovate its product offerings, and manage its cost structure will be crucial for sustained performance. The outlook is balanced, with potential for growth driven by macroeconomic tailwinds, offset by significant industry-specific risks and the need for continuous adaptation.
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Market Cap ₹51 Cr.
Stock P/E 19.1
P/B 1.2
Current Price ₹105
Book Value ₹ 86.4
Face Value 10
52W High ₹184.7
Dividend Yield 0.95%
52W Low ₹ 90
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 39 | 46 | 54 | 39 | 48 | 53 | 63 | 48 | 44 | 50 |
| Other Income | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 39 | 46 | 54 | 40 | 47 | 53 | 63 | 48 | 45 | 50 |
| Total Expenditure | 36 | 43 | 51 | 37 | 44 | 50 | 59 | 44 | 41 | 46 |
| Operating Profit | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Profit Before Tax | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit After Adjustments | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 |
| Adjusted Earnings Per Share | 2 | 1 | 1.6 | 1.2 | 1 | 1.6 | 1.7 | 0.9 | 1.1 | 0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 91 | 115 | 97 | 130 | 140 | 143 | 148 | 171 | 164 | 176 | 203 | 205 |
| Other Income | 1 | 0 | 1 | 0 | 0 | 0 | -0 | 1 | 0 | 0 | 0 | 0 |
| Total Income | 92 | 116 | 98 | 130 | 140 | 143 | 148 | 171 | 165 | 176 | 203 | 206 |
| Total Expenditure | 85 | 108 | 91 | 122 | 132 | 135 | 139 | 157 | 155 | 165 | 190 | 190 |
| Operating Profit | 7 | 8 | 7 | 8 | 8 | 8 | 9 | 15 | 9 | 11 | 13 | 13 |
| Interest | 4 | 4 | 4 | 4 | 4 | 3 | 2 | 2 | 3 | 4 | 5 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 5 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Profit Before Tax | 1 | 2 | 2 | 2 | 2 | 3 | 5 | 10 | 5 | 4 | 4 | 3 |
| Provision for Tax | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 3 | 1 | 1 | 1 | 0 |
| Profit After Tax | 1 | 1 | 1 | 2 | 1 | 2 | 4 | 8 | 3 | 3 | 3 | 2 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 1 | 1 | 2 | 1 | 2 | 4 | 8 | 3 | 3 | 3 | 2 |
| Adjusted Earnings Per Share | 1.7 | 2.7 | 2.5 | 3.5 | 2.5 | 4.4 | 7.2 | 15.5 | 7.1 | 6.2 | 5.5 | 3.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 15% | 6% | 7% | 8% |
| Operating Profit CAGR | 18% | -5% | 10% | 6% |
| PAT CAGR | 0% | -28% | 8% | 12% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -31% | 11% | 20% | 20% |
| ROE Average | 7% | 8% | 12% | 9% |
| ROCE Average | 10% | 10% | 12% | 10% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 15 | 16 | 32 | 34 | 35 | 37 | 41 | 55 | 58 | 60 | 63 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 32 | 21 | 18 | 16 | 12 | 11 | 15 | 16 | 15 | 13 | 15 |
| Other Non-Current Liabilities | 3 | 3 | 6 | 6 | 6 | 6 | 5 | 7 | 7 | 12 | 12 |
| Total Current Liabilities | 38 | 40 | 45 | 47 | 46 | 36 | 33 | 32 | 32 | 54 | 67 |
| Total Liabilities | 87 | 80 | 101 | 104 | 99 | 90 | 94 | 109 | 111 | 139 | 158 |
| Fixed Assets | 23 | 21 | 39 | 37 | 37 | 36 | 38 | 49 | 47 | 58 | 63 |
| Other Non-Current Assets | 1 | 1 | 1 | 1 | 0 | 1 | 3 | 0 | 2 | 2 | 2 |
| Total Current Assets | 63 | 58 | 62 | 66 | 62 | 53 | 53 | 60 | 62 | 80 | 93 |
| Total Assets | 87 | 80 | 101 | 104 | 99 | 90 | 94 | 109 | 111 | 139 | 158 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Cash Flow from Operating Activities | 0 | 15 | 7 | 2 | 11 | 10 | 2 | 4 | 9 | 0 | 6 |
| Cash Flow from Investing Activities | -0 | -0 | -1 | -0 | -1 | -1 | -6 | -4 | -2 | -7 | -8 |
| Cash Flow from Financing Activities | 0 | -15 | -6 | -2 | -9 | -9 | 4 | -0 | -7 | 6 | 1 |
| Net Cash Inflow / Outflow | 0 | 0 | 0 | -1 | 0 | -0 | 0 | 0 | 0 | -0 | -0 |
| Closing Cash & Cash Equivalent | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.71 | 2.74 | 2.5 | 3.49 | 2.51 | 4.39 | 7.23 | 15.51 | 7.1 | 6.19 | 5.5 |
| CEPS(Rs) | 5.5 | 6.29 | 6.03 | 7.02 | 6.14 | 8.68 | 11.6 | 20.02 | 11.59 | 13.39 | 14.87 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Book NAV/Share(Rs) | 29.69 | 32.43 | 66.1 | 69.61 | 72.18 | 76.59 | 54.08 | 69.61 | 75.74 | 80.95 | 85.38 |
| Core EBITDA Margin(%) | 5.63 | 6.33 | 6.58 | 6.1 | 5.39 | 5.49 | 6.11 | 8.35 | 5.53 | 6.27 | 6.28 |
| EBIT Margin(%) | 5.16 | 5.19 | 5.4 | 4.89 | 4.2 | 4.29 | 4.61 | 7.43 | 4.41 | 4.46 | 4.2 |
| Pre Tax Margin(%) | 1.46 | 1.71 | 1.66 | 1.49 | 1.21 | 1.95 | 3.19 | 6 | 2.79 | 2.36 | 1.73 |
| PAT Margin (%) | 0.86 | 1.1 | 1.2 | 1.31 | 0.88 | 1.5 | 2.4 | 4.44 | 2.11 | 1.72 | 1.32 |
| Cash Profit Margin (%) | 2.76 | 2.54 | 2.9 | 2.63 | 2.15 | 2.97 | 3.84 | 5.73 | 3.45 | 3.73 | 3.58 |
| ROA(%) | 0.97 | 1.6 | 1.35 | 1.67 | 1.21 | 2.28 | 3.86 | 7.47 | 3.15 | 2.42 | 1.81 |
| ROE(%) | 6.39 | 8.82 | 5.08 | 5.15 | 3.54 | 5.9 | 11.07 | 25.07 | 9.78 | 7.9 | 6.61 |
| ROCE(%) | 8.1 | 10.53 | 8.86 | 9.06 | 8.29 | 9.16 | 10.8 | 19.35 | 10.33 | 10.2 | 9.61 |
| Receivable days | 101.92 | 91.28 | 116.89 | 87.11 | 74.23 | 67.26 | 60.02 | 49.72 | 49.65 | 48.47 | 48.23 |
| Inventory Days | 104.74 | 71.3 | 72.41 | 65.41 | 64.82 | 58.71 | 56.6 | 60.9 | 71.88 | 80.95 | 88.22 |
| Payable days | 100.56 | 65.51 | 81.08 | 69.69 | 59.63 | 48.49 | 40.6 | 27.25 | 28.18 | 43.4 | 58.35 |
| PER(x) | 8.86 | 5.19 | 9.98 | 11.76 | 12.48 | 6.06 | 4.98 | 9.45 | 10.76 | 16.32 | 28.01 |
| Price/Book(x) | 0.51 | 0.44 | 0.38 | 0.59 | 0.43 | 0.35 | 0.67 | 2.1 | 1.01 | 1.25 | 1.8 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.68 | 1.31 | 0.99 | 0.65 |
| EV/Net Sales(x) | 0.61 | 0.39 | 0.48 | 0.45 | 0.34 | 0.28 | 0.35 | 0.62 | 0.41 | 0.52 | 0.62 |
| EV/Core EBITDA(x) | 8.12 | 5.64 | 6.5 | 7.16 | 6.24 | 4.88 | 5.71 | 7.14 | 7.19 | 8.11 | 9.52 |
| Net Sales Growth(%) | -0.36 | 26.84 | -15.55 | 33.67 | 7.15 | 2.56 | 3.15 | 15.73 | -3.79 | 6.83 | 15.57 |
| EBIT Growth(%) | 9.05 | 25.45 | -12.82 | 16.36 | -8.22 | 4.77 | 10.87 | 86.6 | -42.86 | 8.02 | 8.76 |
| PAT Growth(%) | -28.49 | 60.03 | -8.54 | 39.43 | -28.05 | 74.79 | 64.74 | 114.33 | -54.18 | -12.89 | -11.2 |
| EPS Growth(%) | -39.9 | 60.03 | -8.54 | 39.43 | -28.05 | 74.79 | 64.74 | 114.33 | -54.18 | -12.89 | -11.2 |
| Debt/Equity(x) | 3.41 | 2.5 | 1.11 | 1.13 | 0.95 | 0.75 | 1.3 | 1.07 | 0.89 | 1.12 | 1.24 |
| Current Ratio(x) | 1.64 | 1.42 | 1.38 | 1.38 | 1.36 | 1.47 | 1.61 | 1.88 | 1.94 | 1.48 | 1.38 |
| Quick Ratio(x) | 0.87 | 0.99 | 0.87 | 0.88 | 0.79 | 0.9 | 0.84 | 0.89 | 0.91 | 0.65 | 0.59 |
| Interest Cover(x) | 1.4 | 1.49 | 1.44 | 1.44 | 1.41 | 1.84 | 3.25 | 5.2 | 2.72 | 2.12 | 1.7 |
| Total Debt/Mcap(x) | 6.67 | 5.72 | 2.95 | 1.92 | 2.18 | 2.15 | 1.95 | 0.51 | 0.88 | 0.89 | 0.69 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.83 | 73.83 | 73.83 | 73.83 | 73.83 | 73.83 | 73.83 | 73.83 | 73.83 | 73.83 |
| FII | 0 | 0 | 0 | 0 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 26.17 | 26.17 | 26.17 | 26.17 | 26.05 | 26.05 | 26.05 | 26.05 | 26.05 | 26.05 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 |
* The pros and cons are machine generated.
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