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Plastiblends India Overview

Plastiblends India Ltd manufactures and sells colour and additive masterbatches, and thermoplastic compounds for the plastic processing industry in India. The company’s products include white, black, colour, additive, filler, and PET masterbatches, as well as conductive compounds and engineering polymers. It serves the agriculture, appliance, car and transportation, healthcare and pharma, packaging, textiles, and wire and cable markets, as well as electrical, electronics, and telecommunication markets. The enterprise also exports its pro...Read More

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Plastiblends India Key Financials

Market Cap ₹405 Cr.

Stock P/E 12.1

P/B 0.9

Current Price ₹156

Book Value ₹ 170

Face Value 5

52W High ₹232

Dividend Yield 1.6%

52W Low ₹ 121

Plastiblends India Share Price

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Volume
Price

Plastiblends India Quarterly Price

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Plastiblends India Peer Comparison

Plastiblends India Quarterly Results

#(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 210 197 199 212 185 184 199 200 193 186
Other Income 3 2 2 2 3 2 2 3 4 3
Total Income 213 199 201 214 188 186 202 202 196 189
Total Expenditure 196 186 183 195 176 173 185 186 182 176
Operating Profit 17 13 18 19 12 13 17 16 14 13
Interest 0 0 0 0 0 0 0 0 1 1
Depreciation 4 4 4 4 4 4 4 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 13 9 14 15 8 9 13 12 10 9
Provision for Tax 3 2 3 4 2 3 3 3 3 2
Profit After Tax 10 7 11 11 6 7 10 9 7 6
Adjustments -0 -0 -0 0 0 0 0 0 0 0
Profit After Adjustments 10 7 11 11 6 7 10 9 7 6
Adjusted Earnings Per Share 3.7 2.5 4.1 4.2 2.4 2.6 3.7 3.4 2.9 2.5

Plastiblends India Profit & Loss

#(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 494 520 545 568 627 606 577 718 769 802 780 778
Other Income 2 2 2 2 1 3 4 6 7 10 10 12
Total Income 496 522 547 570 628 609 581 724 775 812 790 789
Total Expenditure 444 461 482 513 567 538 509 655 720 749 729 729
Operating Profit 53 62 65 57 61 71 72 68 55 63 61 60
Interest 4 4 8 8 8 2 3 3 2 1 1 2
Depreciation 6 6 11 12 12 17 16 16 16 15 15 16
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 43 52 46 38 42 52 53 49 36 46 45 44
Provision for Tax 13 14 14 11 10 14 16 12 10 12 11 11
Profit After Tax 30 38 33 27 31 37 37 37 27 35 33 32
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 30 38 33 27 31 37 37 37 27 35 33 32
Adjusted Earnings Per Share 11.6 14.5 12.6 10.5 12 14.3 14.4 14.1 10.3 13.3 12.9 12.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -3% 3% 5% 5%
Operating Profit CAGR -3% -4% -3% 1%
PAT CAGR -6% -4% -2% 1%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -22% -1% -8% -3%
ROE Average 8% 8% 9% 13%
ROCE Average 11% 11% 12% 16%

Plastiblends India Balance Sheet

#(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 158 184 224 248 269 281 330 381 395 405 428
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 34 41 25 17 9 0 0 0 0 0
Other Non-Current Liabilities 23 31 30 32 32 32 31 44 35 30 29
Total Current Liabilities 77 112 104 136 96 87 91 92 54 47 51
Total Liabilities 258 361 399 441 414 409 453 518 484 482 507
Fixed Assets 73 151 169 176 173 178 177 187 179 174 168
Other Non-Current Assets 10 8 14 15 11 12 30 52 46 31 33
Total Current Assets 174 202 215 251 229 219 246 279 260 277 306
Total Assets 258 361 399 441 414 409 453 518 484 482 507

Plastiblends India Cash Flow

#(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 4 3 1 1 2 1 1 2 1 2 1
Cash Flow from Operating Activities 37 71 25 15 59 74 48 15 72 38 9
Cash Flow from Investing Activities -19 -80 -25 -17 -8 -20 -27 -5 -26 -27 6
Cash Flow from Financing Activities -18 9 -0 3 -51 -55 -19 -12 -45 -11 -12
Net Cash Inflow / Outflow -1 -0 -0 0 -1 -1 1 -1 1 -0 3
Closing Cash & Cash Equivalent 3 3 1 2 1 1 2 1 2 1 5

Plastiblends India Ratios

# 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) 11.56 14.49 12.58 10.51 11.99 14.3 14.37 14.12 10.33 13.28 12.87
CEPS(Rs) 13.96 16.89 16.71 14.99 16.51 20.86 20.48 20.31 16.66 19.21 18.73
DPS(Rs) 5.5 7 2.5 2.5 2.75 3.75 4 4 4 4.25 2.5
Book NAV/Share(Rs) 60.64 70.9 86.02 95.42 103.39 108.08 127.02 146.78 151.99 155.99 164.51
Core EBITDA Margin(%) 9.58 10.56 10.67 9.46 9.62 11.13 11.76 8.6 6.25 6.56 6.55
EBIT Margin(%) 8.76 9.88 9.19 7.86 7.94 8.83 9.65 7.19 4.98 5.86 5.85
Pre Tax Margin(%) 8.08 9.24 7.84 6.55 6.64 8.51 9.13 6.77 4.7 5.69 5.69
PAT Margin (%) 5.67 6.71 5.52 4.71 4.97 6.14 6.41 5.07 3.46 4.26 4.24
Cash Profit Margin (%) 6.85 7.83 7.33 6.72 6.85 8.95 9.14 7.29 5.58 6.15 6.17
ROA(%) 11.89 12.18 8.61 6.5 7.29 9.04 8.67 7.56 5.36 7.14 6.76
ROE(%) 20.42 22.04 16.04 11.59 12.06 13.53 12.22 10.31 6.92 8.63 8.03
ROCE(%) 26.85 24.93 18.73 13.66 14.22 15.83 16.26 13.4 9.53 11.85 11.08
Receivable days 62.25 65.23 67.12 72.59 73.68 70.32 61.01 53.69 49.52 40.3 46.09
Inventory Days 35.12 32.98 39.32 53.02 51.83 53.91 69.74 65.53 60.6 55.64 61.28
Payable days 31.74 39.94 39.96 33.21 21.74 15.33 21.04 16.84 16.1 15.41 15.97
PER(x) 9.65 13.53 18.67 19.09 16.66 8.06 15.92 13.94 14.71 17.38 14.03
Price/Book(x) 1.84 2.77 2.73 2.1 1.93 1.07 1.8 1.34 1 1.48 1.1
Dividend Yield(%) 2.47 1.78 0.53 1.25 1.38 3.25 1.75 2.03 2.63 1.84 1.39
EV/Net Sales(x) 0.62 1.13 1.28 1.1 0.95 0.57 1.08 0.76 0.51 0.75 0.59
EV/Core EBITDA(x) 5.84 9.56 10.74 10.9 9.68 4.91 8.65 7.97 7.13 9.51 7.55
Net Sales Growth(%) 6.12 5.16 4.89 4.14 10.4 -3.35 -4.71 24.3 7.09 4.38 -2.71
EBIT Growth(%) 0.09 19.39 -1.75 -16.23 9.06 7.53 5.08 -7.35 -25.87 23.04 -2.76
PAT Growth(%) 10.33 25.36 -13.18 -16.48 14.1 19.28 0.46 -1.74 -26.83 28.58 -3.14
EPS Growth(%) 10.33 25.36 -13.18 -16.48 14.1 19.28 0.46 -1.73 -26.83 28.58 -3.14
Debt/Equity(x) 0.13 0.45 0.41 0.42 0.29 0.17 0.1 0.09 0 0 0
Current Ratio(x) 2.26 1.8 2.07 1.84 2.4 2.52 2.69 3.02 4.81 5.87 6.02
Quick Ratio(x) 1.69 1.29 1.39 1.12 1.55 1.38 1.34 1.55 2.56 3.21 3.28
Interest Cover(x) 12.88 15.62 6.82 5.99 6.11 27.36 18.63 16.81 18.24 35.56 36.51
Total Debt/Mcap(x) 0.07 0.16 0.15 0.2 0.15 0.16 0.05 0.07 0 0 0

Plastiblends India Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 64.38 64.38 64.38 64.38 63.07 63.07 62.85 62.81 62.81 62.81
FII 0.82 0.84 0.73 0.65 0.64 0.69 0.53 0.24 0.24 0.24
DII 0 0 0 0 0 0 0 0 0 0
Public 34.79 34.78 34.88 34.96 36.29 36.24 36.61 36.94 36.95 36.95
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Plastiblends India News

Plastiblends India Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • Debtor days have increased from 15.41 to 15.97days.
  • The company has delivered a poor profit growth of -2% over past five years.
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