TPL Plastech Ltd - Stock Valuation and Financial Performance

BSE: 526582 | NSE: TPLPLASTEH | Plastic Products | Small Cap

TPL Plastech Share Price

61.25 0.87 1.44%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on TPL Plastech

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

TPL Plastech stock performance -

mw4me loader
P/E Ratio (SA):
27.44
Market Cap:
482.8 Cr.
52-wk low:
27.8
52-wk high:
77.4

Is TPL Plastech Ltd an attractive stock to invest in?

1. Is TPL Plastech Ltd a good quality company?

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

2. Is TPL Plastech Ltd undervalued or overvalued?

The key valuation ratios of TPL Plastech Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is TPL Plastech Ltd a good buy now?

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

10 Year X-Ray of TPL Plastech:

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.
TPL Plastech Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 14.1%13.8%15%16.5%13.8%11.7%11%9.6%13.7%13.7%-
Value Creation
Index
0.00.00.10.20.0-0.2-0.2-0.30.00.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 190183178180192219209170229271302
Sales YoY Gr.--3.7%-2.7%1.1%6.6%14.1%-4.5%-18.5%34.1%18.3%-
Adj EPS 0.911.11.41.61.51.411.722.3
YoY Gr.-6.5%12.2%30.9%10.4%-8.8%-6.2%-24.3%66%14%-
BVPS (₹) 4.95.66.77.99.110.211.111.813.114.816
Adj Net
Profit
7.27.68.611.212.411.310.6813.315.218
Cash Flow from Ops. 4.89.332.73.569.43120.623-1.8-
Debt/CF from Ops. 8.94.50.710.69.36.21.31.40.8-21.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4%7.1%8.9%18.3%
Adj EPS 8.7%4.2%12.8%14%
BVPS13.1%10.1%10%12.6%
Share Price 16.8% 34.7% 61.4% 114.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
20.218.517.819.718.71512.8913.71414.7
Op. Profit
Mgn %
9.29.911.812.112.711.611.411.911.71111.2
Net Profit
Mgn %
3.84.24.86.26.55.25.14.75.85.65.8
Debt to
Equity
1.110.50.60.80.70.50.30.20.3-
Working Cap
Days
12013614815917617919122116514582
Cash Conv.
Cycle
3750383446495041243531

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.70%

Net Profit is growing at healthy rate in last 3 years 12.76%

Sales growth is good in last 4 quarters at 15.83%

Sales growth has been subdued in last 3 years 8.94%

Latest Financials - TPL Plastech Ltd.

Standalone Consolidated
TTM EPS (₹) 2.3 1
TTM Sales (₹ Cr.) 302 170
BVPS (₹.) 16 0
Reserves (₹ Cr.) 109 84
P/BV 3.88 0.00
PE 27.44 60.32
From the Market
52 Week Low / High (₹) 27.75 / 77.35
All Time Low / High (₹) 0.05 / 78.09
Market Cap (₹ Cr.) 483
Equity (₹ Cr.) 15.6
Face Value (₹) 2
Industry PE 35.1

Management X-Ray of TPL Plastech:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of TPL Plastech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales190183178180192219209170229271
Operating Expenses 173165157158168194185150202241
Manufacturing Costs8881010101091011
Material Costs150144142139147171162130179215
Employee Cost 5557888778
Other Costs 10923455556
Operating Profit 17182122242524202730
Operating Profit Margin (%) 9.2%9.9%11.8%12.1%12.7%11.6%11.4%11.9%11.7%11.0%
Other Income 0000000001
Interest 5654466555
Depreciation 4333344445
Exceptional Items 0000000000
Profit Before Tax 9101415171615111820
Tax 1253444344
Profit After Tax 7891112111181316
PAT Margin (%) 3.8%4.2%4.8%6.3%6.5%5.2%5.1%4.7%5.8%5.9%
Adjusted EPS (₹)0.91.01.11.51.61.51.41.01.72.1
Dividend Payout Ratio (%)22%21%23%21%22%24%26%34%23%29%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3844526171798792103115
Share Capital 888888881616
Reserves 303645546372798487100
Minority Interest0000000000
Debt36381936515236231432
Long Term Debt9408161075516
Short Term Debt2733192835422918917
Trade Payables28264138535055567050
Others Liabilities 20172016202321202026
Total Liabilities 122125133151195204198190207224

Fixed Assets

Gross Block71715256747174747980
Accumulated Depreciation2426358912152024
Net Fixed Assets47454951666361586056
CWIP 00164777924
Investments 0000111000
Inventories19252230525755535760
Trade Receivables43354344485245435054
Cash Equivalents 2111234445
Others Assets12181719232325242626
Total Assets 122125133151195204198190207224

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5933369312123-2
PBT 9101415171615111820
Adjustment 98878109999
Changes in Working Capital -11-714-15-15-131121-26
Tax Paid -2-2-3-3-3-3-4-2-5-6
Cash Flow From Investing Activity -1-1-8-10-17-3-3-4-4-10
Capex -1-1-8-10-16-3-3-4-4-10
Net Investments 0000-100000
Others 0000000000
Cash Flow From Financing Activity -5-8-25612-7-28-19-1912
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -5-6-5-4-4-6-6-5-5-5
Dividend Paid -2-2-2-2-3-3-3-3-3-3
Others 2-1-1813193-19-11-1220
Net Cash Flow -1000100-200
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)20.2418.5317.8419.8218.7415.1212.798.9713.6814.72
ROCE (%)17.9718.623.0122.0418.8216.415.4613.4518.5618.65
Asset Turnover Ratio1.771.661.541.421.291.31.211.041.351.48
PAT to CFO Conversion(x)0.711.133.670.270.50.822.822.631.77-0.13
Working Capital Days
Receivable Days66707279747072796460
Inventory Days35394447677784987567
Payable Days756886105114110118155128102

TPL Plastech Ltd Stock News

TPL Plastech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of TPL Plastech on 28-Mar-2024 16:01 is ₹61.25.
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 28-Mar-2024 16:01 the market cap of TPL Plastech stood at ₹482.8.
The latest P/E ratio of TPL Plastech as of 28-Mar-2024 16:01 is 27.44.
The latest P/B ratio of TPL Plastech as of 28-Mar-2024 16:01 is 3.88.
The 52-week high of TPL Plastech is ₹77.35 and the 52-week low is ₹27.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TPL Plastech is ₹302.3 ( Cr.) .

About TPL Plastech Ltd

TPL Plastech was incorporated in the year a982 and its chairman is Sanjay Kulkarni. The company is based in Mumbai. The company is listed in group ‘B’ of the BSE. As of June 14 2006, TPL Plastech Limited operates as a subsidiary of Time Technoplast Ltd.

TPL Plastech Limited manufactures extrusion blow moulded high molecular high density polyethylene containers/barrels in India. Its products are used as packaging materials in the packaging of viscous liquids, chemicals, dyestuffs, bulk pharmaceuticals, and petrochemicals.

TPL enjoys strong operational and product support from its parent, Time Technoplast Limited, the market leader in the domestic industrial packaging industry. Consequently, TPL is well-placed to capitalize on the emerging opportunities in this market.

Over the years, TPL Plastech Limited has achieved the distinction of being the second largest manufacturer of HMHDPE barrels in India providing quality alternative barrels at affordable prices. The market segment for barrels appreciates the presence of the company for strategic reasons, as well.

Future plans:

In the year 2009, the company acquired approximately 9030 sq. meters (18 Kannals) of land for the Jammu project. Building and shed work are completed and major parts of the machineries are identified and ready for dispatching .The company has obtained necessary permission/approvals from concerned departments, except electricity connection from the J&K Electricity Department but has received the approval to run a 750 KVA D G set.

The project is delayed due to strained situation in the state in last quarter of the year. However, the company is all set to implement and commission the project in the year 2009.

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