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Plastiblends India Ltd (PLASTIBLEN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523648 NSE: PLASTIBLEN Chemicals | Small Cap | Plastiblends India Share Price

₹171.10 -1.50 (-0.87%)

As on 09-Jun'26 16:59

Plastiblends India Ltd (PLASTIBLEN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523648 NSE: PLASTIBLEN Chemicals | Small Cap | Plastiblends India Share Price

₹171.10 -1.50 (-0.87%)

As on 09-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹449 Cr.
Current Price
₹171.1
52-Week Low / High
₹121 / 232
TTM EPS
₹14.1
TTM Sales
₹789 Cr.
Book Value per Share
₹172.8
P/E Ratio
12.23
Lower than its 5-year historical median
Industry PE
49.4
Price to Book (P/B)
1.00
Lower than its 5-year historical median
Price to Sales (P/S)
0.57
Lower than its 5-year historical median
EV/EBITDA
7.01
Lower than its 5-year historical median
Dividend Yield
1.38%
Profitability Efficiency
Return on Equity (ROE)
8.03%
Underperforms industry median
Return on Capital Employed (ROCE)
11.08%
Underperforms industry median
Return on Assets (ROA)
6.76%
Operating Profit Margin
6.7%
Net Profit Margin
4.28%
Gross Profit Margin
7.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.71%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-2.82%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-3.16%
Asset Quality
Promoter Holding
62.81%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹436 Cr.
Equity
₹13 Cr.
Face Value
₹5
All Time Low / High
₹1.49 / 398.65

Plastiblends India stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Strong
Q.1 Is Plastiblends India Ltd a good quality company?
Plastiblends India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Plastiblends India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Plastiblends India Ltd vs industry peers?
Plastiblends India Ltd revenue CAGR is 5.19%, compared to the industry median CAGR of 7.53%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Plastiblends India Ltd?
Promoters hold 62.81% of the Plastiblends India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Plastiblends India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -2.9% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Plastiblends India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 24.9%18.7%13.7%14.2%15.8%16.3%13.4%9.5%11.9%11.1%-
Value Creation
Index
0.80.30.00.00.10.20.0-0.3-0.2-0.2-

Growth Parameters

Sales 520545568627606577718769802780789
Sales YoY Gr.-4.9%4.1%10.4%-3.4%-4.7%24.3%7.1%4.4%-2.7%-
Adj EPS 1412.4101213.813.713.29.411.911.214.1
YoY Gr.--12%-19%19.8%15.3%-0.7%-3.7%-28.5%26.4%-5.8%-
BVPS (₹) 70.98695.4103.4108.1127146.8152156164.5172.8
Adj Net
Profit
36.532.12631.235.935.734.324.53129.237
Cash Flow from Ops. 71.125.314.758.974.448.115.472.338.18.9-
Debt/CF from Ops. 1.23.67.21.30.70.72.2000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.6%5.2%2.8%-2.7%
Adj EPS -2.4%-4.1%-5.2%-5.8%
BVPS9.8%8.8%3.9%5.5%
Share Price -2.1% -6.8% -2.5% -21.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
21.415.81112.113.111.79.76.37.778.4
Op. Profit
Mgn %
11.411.79.79.611.111.98.76.36.76.76.7
Net Profit
Mgn %
75.94.655.96.24.83.23.93.74.7
Debt to
Equity
0.50.40.40.30.20.10.10000
Working Cap
Days
12312914814113614412911910511675
Cash Conv.
Cycle
67749810711211410697849558

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales520545568627606577718769802780
Operating Expenses + 461482513567538509655720749729
Manufacturing Costs27292936363440475353
Material Costs359393424474422393535587601576
Employee Cost 20252627313134363942
Other Costs 55353430505047495758
Operating Profit 59635560676962485352
Operating Profit Margin (%) 11.4%11.6%9.7%9.6%11.1%11.9%8.7%6.3%6.6%6.6%
Other Income + 222134671010
Exceptional Items 0000000000
Interest 4888233211
Depreciation 6111212171616161515
Profit Before Tax 52463842525349364645
Tax 14141110141612101211
Profit After Tax 38332731373737273533
PAT Margin (%) 7.3%6.0%4.8%5.0%6.1%6.5%5.1%3.5%4.3%4.3%
Adjusted EPS (₹)14.512.610.512.014.314.414.110.313.312.9
Dividend Payout Ratio (%)24.20%9.90%23.80%22.90%26.20%27.80%28.30%38.70%32%19.40%

Valuation of Plastiblends India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 184224248269281330381395405428
Share Capital 661313131313131313
Reserves 178217235256268317368382392415
Debt +829110570403234010
Long Term Debt34412517900000
Short Term Debt48508053313234010
Minority Interest0000000000
Trade Payables50364116202624282328
Others Liabilities 45484760686579615352
Total Liabilities 361399441414409453518484482507

Fixed Assets

Net Fixed Assets +151169176173178177187179174168
Gross Block201180197206227241266266271280
Accumulated Depreciation501122334964798898111
CWIP 1010392013
Investments 31011862451677156
Inventories5771988099124136122126139
Trade Receivables108110121132101941199188111
Cash Equivalents 3222132336
Others Assets 38363418212220232023
Total Assets 361399441414409453518484482507

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 7125155974481572389
PBT 52463842525349364645
Adjustment 920192019181412811
Changes in Working Capital 25-31-291317-13-3634-4-35
Tax Paid -12-11-13-16-14-10-12-10-12-12
Cash Flow From Investing Activity + -80-25-17-8-20-27-5-26-276
Capex -81-26-18-9-21-21-6-8-12-11
Net Investments 01010-70-19-1616
Others 0000011111
Cash Flow From Financing Activity + 9-03-51-55-19-12-45-11-12
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-8-8-170000
Interest Paid 0-8-8-8-1-3-3-1-1-1
Dividend Paid -19-1-4-8-200-11-10-10-11
Others 28814-27-2512-3400
Net Cash Flow -0-00-1-11-11-03

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)22.0416.0411.5912.0613.5312.2210.316.928.638.03
ROCE (%)24.9318.7313.6614.2215.8316.2613.49.5311.8511.08
Asset Turnover Ratio1.811.561.381.471.471.351.491.551.681.6
PAT to CFO Conversion(x)1.870.760.561.921.30.412.671.090.27
Working Capital Days
Receivable Days65.2067.1072.6073.7070.306153.7049.5040.3046.10
Inventory Days3339.305351.8053.9069.7065.5060.6055.6061.30
Payable Days39.904033.2021.7015.302116.8016.1015.4016

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Plastiblends India Ltd FAQs

The current trading price of Plastiblends India on 09-Jun-2026 16:59 is ₹171.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2026 the market cap of Plastiblends India stood at ₹448.6 Cr

The latest P/E ratio of Plastiblends India as of 08-Jun-2026 is 12.23.

The latest P/B ratio of Plastiblends India as of 08-Jun-2026 is 1.00.

The 52-week high of Plastiblends India is ₹232.0 and the 52-week low is ₹121.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Plastiblends India is ₹789 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Plastiblends India Ltd is a average quality company.

The key valuation ratios of Plastiblends India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Plastiblends India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Plastiblends India Ltd

Plastiblends India Limited, promoted by the 'Kolsite Group' is located in the union territory of Daman, to manufacture various types of Master Batches, Compounds, Blends, Alloys, etc. for the Plastics Industry. Plastiblends India Limited is the first masterbatch manufacturing company in India who has been awarded ISO 9001 Quality Assurance Certification by TUV Bayern, Germany.

Plastiblends India (PBI) is India’s largest manufacturer and exporter of masterbatches and additive compounds for the plastic processing industry. Headquartered in Mumbai, India, their world class manufacturing, product development and application facilities are located in Daman and Roorkee.

The company has made a large investments in innovative technology and R&D and is having a total manufacturing capacity of over 40000 Tones per annum.

The company’s products are highly compatible with a wide range of polymers like polyolefin, polystyrenes, polyamides, PBT, PET and a diverse range of engineering plastics.

Backed by years of experience the company is able to offer optimum solutions to its customers by constantly monitoring market demand and customers’ changing needs.

PBI has got the coveted ‘Export House’ status by Government of India. They have been making a major export thrust in keeping with their global aspirations. Their products match international quality standards making them globally acceptable. They have been exporting to more than 30 countries worldwide in Asian, African, European, South American Markets and New Zealand.  They are poised to extend their footprint to the advanced North American Markets.

Product range of the company includes:

Plastiblends India Limited produces a large range of standard colours suitable for all major processing methods and compatible with polyolefins like PE, PP, EVA. They also supply universal master batches compatible with various plastics like HIPS, ABS, Filled PP.

  • White Masterbatches
  • Black Masterbatches
  • Color Masterbatches
  • Additive Masterbatches
  • Speciality Masterbatches
  • Conductive Compound
  • Filler

Its range of Additive Masterbatches include :

Slip Additives, Antioxidants, Antiblocking Agents, Antistatic Agents, Antifibrillation Agents, Ultraviolet Absorbers, Blowing Agents, Nucleating Agents, Optical Brightner and Special Additives.

Achievements/ recognition:

  • First Indian MB manufacturer with ISO 9001-2000 certification by TUV Bayern, Germany.
  • 2009 - Plastic Export Promotion Council has awarded to the Company a Certificate and a Trophy for winning First Position as a "Top Exporter for Masterbatches".
    The Company has been ranked at 97th position among the Top 500 Manufacturing SMB's for its superior financial performance
  • 2011 - The Plastic Export Promotion Council (PLEXCONCIL) has awarded to the Company a Certificate and a Trophy for winning First Position as a "Top Exporter of Masterbatches"
  • 2012 - The Company had participated in "Plastindia 2012" 8th International Exhibition held at Pragati Maidan, New Delhi. Plastiblends was bestowed with the Plasticon "GOLD TROPHY AWARD" for Fastest Growing Enterprise-Processing (Commodity Polymers).


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