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TPL Plastech Overview

TPL Plastech Ltd is a manufacturer of plastic products. The Company's phase includes polymer products and all its business operations are in India. The Company gives narrow mouth drums of 210, 235 and 250 liters capacity. It offers narrow mouth and wide mouth carboys with capacities of 25 and 35 liters narrow mouth, 50 liters two openinng, 100 liters narrow mouth, 50 liters rocket type, 50 liters wide mouth, 100 liters wide mouth. The Company affords open top drums-bulk and medium with capacities of 35, 50, 60, 210 and 235 liters. It also gives...Read More

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TPL Plastech Key Financials

Market Cap ₹520 Cr.

Stock P/E 22.1

P/B 3.2

Current Price ₹66.7

Book Value ₹ 20.6

Face Value 2

52W High ₹88.3

Dividend Yield 1.5%

52W Low ₹ 51.1

TPL Plastech Share Price

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Volume
Price

TPL Plastech Quarterly Price

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TPL Plastech Peer Comparison

TPL Plastech 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 78 83 83 77 89 91 92 90 107 111
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 78 83 83 77 89 91 92 90 107 111
Total Expenditure 70 73 73 69 79 80 81 80 95 98
Operating Profit 9 10 10 9 10 11 11 10 12 14
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 2 1 1 1 1 1 1 1 1 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 7 8 6 7 8 9 7 9 11
Provision for Tax 1 1 2 2 2 1 2 2 2 2
Profit After Tax 4 6 6 4 5 7 7 5 7 9
Adjustments 0 0 -0 -0 0 -0 -0 -0 -0 0
Profit After Adjustments 4 6 6 4 5 7 7 5 7 9
Adjusted Earnings Per Share 0.5 0.8 0.8 0.6 0.7 0.9 0.9 0.7 0.9 1.1

TPL Plastech Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 180 193 226 216 170 271 313 349 400
Other Income 0 0 0 0 0 3 2 1 0
Total Income 180 193 226 216 171 273 314 351 400
Total Expenditure 158 168 200 192 150 241 277 309 354
Operating Profit 22 24 26 24 20 32 38 42 47
Interest 4 5 6 6 5 6 7 6 4
Depreciation 3 3 4 4 4 5 6 5 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 15 16 16 15 11 20 25 30 36
Provision for Tax 3 4 4 4 3 4 6 7 8
Profit After Tax 11 12 11 11 8 16 20 24 28
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments 11 12 11 11 8 16 20 24 28
Adjusted Earnings Per Share 1.4 1.6 1.5 1.4 1 2.1 2.5 3 3.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 27% 9% 0%
Operating Profit CAGR 11% 28% 10% 0%
PAT CAGR 20% 44% 17% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% 24% 24% 6%
ROE Average 17% 16% 14% 15%
ROCE Average 21% 20% 18% 18%

TPL Plastech Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 61 71 79 87 92 115 130 148
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 8 16 10 7 5 16 10 5
Other Non-Current Liabilities 7 8 8 9 9 15 14 11
Total Current Liabilities 75 104 112 102 87 79 77 82
Total Liabilities 151 199 210 205 193 224 232 245
Fixed Assets 51 71 67 66 58 56 84 93
Other Non-Current Assets 10 8 11 11 10 26 4 6
Total Current Assets 91 120 132 128 125 134 141 140
Total Assets 151 199 210 205 193 224 232 245

TPL Plastech Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 1 1 2 0 0 0
Cash Flow from Operating Activities 3 10 10 32 21 -2 29 16
Cash Flow from Investing Activities -10 -21 -3 -2 -4 -10 -6 -22
Cash Flow from Financing Activities 6 12 -7 -28 -19 12 -24 6
Net Cash Inflow / Outflow -0 1 -0 1 -2 -0 0 -0
Closing Cash & Cash Equivalent 0 1 1 2 0 0 0 0

TPL Plastech Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.45 1.56 1.47 1.38 1.03 2.06 2.54 3.02
CEPS(Rs) 1.81 1.97 1.96 1.85 1.5 2.76 3.26 3.73
DPS(Rs) 0.6 0.7 0.7 0.7 0.7 0.6 0.8 1
Book NAV/Share(Rs) 7.87 9.1 10.14 11.1 11.78 14.79 16.71 18.92
Core EBITDA Margin(%) 10.82 10.76 9.66 9.62 10 9.31 9.8 9.96
EBIT Margin(%) 9.51 9.34 8.26 8.19 8.18 8.43 8.69 8.93
Pre Tax Margin(%) 7.28 7.33 5.89 5.88 5.5 6.42 6.92 7.39
PAT Margin (%) 5.59 5.42 4.27 4.25 3.96 5.03 5.39 5.79
Cash Profit Margin (%) 7 6.85 5.72 5.7 5.8 6.75 6.92 7.14
ROA(%) 7.46 6.95 5.59 5.19 4.03 7.68 8.7 9.89
ROE(%) 18.38 18.38 15.23 12.98 8.97 15.47 16.15 16.98
ROCE(%) 19.57 18.66 16.77 15.75 13.46 19.66 20.73 20.99
Receivable days 78.76 74.5 69.24 71.85 80.59 55.77 54.04 51.2
Inventory Days 54.44 67.31 76.06 83.67 99.54 64.67 64.16 58.93
Payable days 100.91 117.7 115.94 126.96 164.1 89.98 78.55 61.38
PER(x) 35.87 24.43 9.42 4.77 14.91 14.09 24.33 24.8
Price/Book(x) 6.59 4.19 1.36 0.59 1.3 1.96 3.7 3.96
Dividend Yield(%) 0.58 0.92 2.54 5.32 2.29 2.07 1.29 1.33
EV/Net Sales(x) 2.44 1.82 0.72 0.39 0.84 0.96 1.61 1.78
EV/Core EBITDA(x) 19.97 14.51 6.25 3.49 7.09 8 13.36 14.89
Net Sales Growth(%) 0 6.94 17.39 -4.38 -21.17 58.72 15.64 11.64
EBIT Growth(%) 0 9.23 5.57 -6.4 -20.06 62.4 18.95 13.72
PAT Growth(%) 0 7.81 -6.03 -5.93 -25.53 100.3 23.78 18.87
EPS Growth(%) 0 7.81 -6.03 -5.93 -25.53 100.3 23.78 18.87
Debt/Equity(x) 0.6 0.78 0.74 0.45 0.31 0.33 0.19 0.3
Current Ratio(x) 1.21 1.16 1.17 1.25 1.43 1.71 1.83 1.71
Quick Ratio(x) 0.81 0.65 0.65 0.69 0.82 0.95 0.92 0.95
Interest Cover(x) 4.27 4.65 3.48 3.55 3.04 4.19 4.91 5.81
Total Debt/Mcap(x) 0.09 0.19 0.54 0.76 0.24 0.17 0.05 0.07

TPL Plastech Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.86 74.86 74.86 74.86 74.86 74.86 74.86 74.86 74.86 74.86
FII 0 0.01 0.12 0.26 0.03 0 0.02 0 0.45 0.5
DII 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.04
Public 25.06 25.04 24.94 24.79 25.02 25.05 25.04 25.05 24.61 24.6
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

TPL Plastech News

TPL Plastech Pros & Cons

Pros

  • Debtor days have improved from 78.55 to 61.38days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.2 times its book value.
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