Is Solve Plastic Products Ltd (BALCO) a good quality company?

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

Is Solve Plastic Products Ltd (BALCO) undervalued or overvalued?

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

What is Solve Plastic Products Ltd (BALCO) share price return in the past 10 years?

Data is not available for this company

Is Solve Plastic Products Ltd (BALCO) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Solve Plastic Products Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Solve Plastic Products Ltd (BALCO)?

Company share prices are keep on changing according to the market conditions. The current trading price of Solve Plastic Products Ltd (BALCO) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the P/E ratio of Solve Plastic Products?

The latest standalone P/E ratio of Solve Plastic Products as of 01-Jan-1970 is 0.00.

What is the P/B ratio of Solve Plastic Products Ltd (BALCO)?

The latest standalone P/B ratio of Solve Plastic Products Ltd (BALCO) as of 01-Jan-1970 is 0.81.

What is the 52-week high and low of Solve Plastic Products Ltd (BALCO)?

The 52-week high of Solve Plastic Products Ltd (BALCO) is Rs. 0.00 and the 52-week low is Rs. 0.00.

Solve Plastic Products Ltd (BALCO) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Solve Plastic Products Ltd (BALCO)
Brand: Solve Plastic Products

Solve Plastic Products Ltd (BALCO) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Solve Plastic Products Ltd (BALCO)

BSE: 0 NSE: BALCO

Key Metrics

Market Cap

₹8 Cr.

P/E Ratio

0.00

Price to Book (P/B)

0.81

Price to Sales (P/S)

0.20

EV/EBITDA

-4.20

Return on Capital Employed (ROCE)

-24.72%

Current Price

₹0

Return on Equity (ROE)

-66.66%

Return on Assets (ROA)

-22.13%

Operating Profit Margin

-9.5%

Net Profit Margin

-11.55%

Gross Profit Margin

-11%

Book Value per Share

₹22.8

Sales Growth (YoY)

-10.24%

Sales Growth (3 Years)

-9.03%

Operating Profit Growth (1 Year)

-243.12%

Operating Profit Growth (3 Years)

NAN%

Net Profit Growth (1 Year)

-437.32%

52-Week Low / High

₹0 / 0

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.00%

Promoter Holding

63.35%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Solve Plastic Products Ltd?

Solve Plastic Products Ltd revenue growth is -10.2% for FY-2025 , which is below its 5 year CAGR of 0% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Solve Plastic Products Ltd?

Promoters hold 63.35% of the Solve Plastic Products Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Solve Plastic Products Ltd vs industry peers?

Solve Plastic Products Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 4.83% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Solve Plastic Products Ltd belong to?

Solve Plastic Products Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Plastic Products segment.

Q.1 Stock return of Solve Plastic Products Ltd over the last decade?

Over the last 1 year(s), the stock has delivered a CAGR of -54.49% based on the current price.

DeciZen - make an informed investing decision on Solve Plastic Prod

Based on:

Data

M-Cap below 100cr DeciZen not available

Solve Plastic Products stock performance

Key Ratios

Is Solve Plastic Products Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	4.3%	6.1%	19.3%	19.1%	-24.7%	-
Value Creation Index ⓘ	-0.7	-0.6	0.4	0.4	-2.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	41.7	55.1	60.8	46.2	41.5	41
Sales YoY Gr.	-	32%	10.4%	-24%	-10.2%	-
Adj EPS ⓘ	-0.7	-1.4	3.8	4.6	-11	-11
YoY Gr.	-	NA	NA	19.4%	-340.4%	-
BVPS (₹) ⓘ	3.7	2.4	6.3	14.3	22.8	22.8
Adj Net Profit ⓘ	-0.2	-0.4	1.2	1.4	-4.8	-5
Cash Flow from Ops. ⓘ	2.4	5.3	2.1	1.9	-3.1	-
Debt/CF from Ops. ⓘ	6.5	2.3	5.7	6.7	-3.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	-9%	-10.2%
Adj EPS ⓘ	NA	NA	NA	-340.4%
BVPSⓘ	NA	NA	112.5%	59.6%
Share Price	-	-	-	-53.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-17.5	-45.4	87.6	44.3	-66.7	-48
Op. Profit Mgn % ⓘ	3	2	3.2	6	-9.5	NAN
Net Profit Mgn % ⓘ	-0.5	-0.8	1.9	3	-11.6	-11.6
Debt to Equity ⓘ	13.7	17	6.4	2.8	1	-
Working Cap Days ⓘ	0	88	73	108	124	0
Cash Conv. Cycle ⓘ	0	58	51	76	84	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-11	-
TTM Sales (₹ Cr.)	41.5	-
BVPS (₹) ⓘ	22.8	-
Reserves (₹ Cr.) ⓘ	6	-
P/BV ⓘ	0.81	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	8.1
Equity (₹ Cr.)	4.4
Face Value (₹)	10
Industry PE ⓘ	40.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Solve Plastic Prod - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	41.72	55.07	60.77	46.19	41.46
Operating Expenses ⓘ +	40.49	53.98	58.81	43.43	45.41
Manufacturing Costs	2.16	3.03	3.76	4.13	3.93
Material Costs	31.72	43.81	44.51	30.39	29.68
Employee Cost	2.91	3.62	4.47	4.76	4.95
Other Costs ⓘ	3.71	3.52	6.06	4.15	6.85
Operating Profit ⓘ	1.23	1.09	1.96	2.76	-3.95
Operating Profit Margin (%)	2.9%	2.0%	3.2%	6.0%	-9.5%
Other Income ⓘ +	0.66	0.71	1.48	0.97	0.38
Exceptional Items ⓘ	0	0	0	0	0
Interest ⓘ	1.67	1.43	1.38	1.51	0.99
Depreciation ⓘ	1.18	0.90	0.83	0.77	0.95
Profit Before Tax ⓘ	-0.96	-0.53	1.24	1.45	-5.51
Tax ⓘ	-0.81	-0.12	0.03	0.02	-0.73
Profit After Tax	-0.15	-0.41	1.20	1.42	-4.79
PAT Margin (%)	-0.4%	-0.7%	2.0%	3.1%	-11.6%
Adjusted EPS (₹)	-0.5	-1.3	4.0	4.7	-11.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	1.13	0.72	1.93	4.39	9.98
Share Capital ⓘ	3.04	3.04	3.04	3.07	4.37
Reserves ⓘ	-1.90	-2.31	-1.11	1.32	5.61
Debt +	12.72	10.30	10.53	11.36	8.70
Long Term Debt	5.43	3.49	2.93	3.11	2.86
Short Term Debt	7.28	6.81	7.61	8.25	5.85
Minority Interest	0	0	0	0	0
Trade Payables	1.81	3.11	1.29	2.54	1.51
Others Liabilities ⓘ	4.60	2.89	3.83	2.69	2.10
Total Liabilities ⓘ	20.26	17.03	17.58	20.97	22.29
Fixed Assets
Net Fixed Assets ⓘ +	5.52	5.28	5.14	5.26	5.96
Gross Block	5.52	5.28	5.14	17.07	18.53
Accumulated Depreciation	0	0	0	11.81	12.57
CWIP ⓘ	0	0	0	0.89	0.11
Investments ⓘ	0	0	0	0	0
Inventories	6.96	6.22	6.69	7.62	6.03
Trade Receivables	5.02	4.48	4.12	5.05	4.42
Cash Equivalents	0.02	0.02	0.01	0.01	2.97
Others Assets ⓘ	2.73	1.04	1.61	2.14	2.80
Total Assets ⓘ	20.26	17.03	17.58	20.97	22.29

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	2.36	5.30	2.14	1.86	-3.08
PBT ⓘ	-0.96	-0.53	1.24	1.45	-5.51
Adjustment ⓘ	2.88	2.54	2.28	2.17	3
Changes in Working Capital ⓘ	0.44	3.29	-1.38	-1.75	-0.45
Tax Paid ⓘ	0	0	0	0	-0.11
Cash Flow From Investing Activity ⓘ +	-0.11	-0.73	-0.68	-1.75	-0.84
Capex	-0.14	-0.65	-0.64	-1.76	-0.86
Net Investments	0	0	0	0	0
Others ⓘ	0.02	-0.08	-0.04	0.01	0.02
Cash Flow From Financing Activity ⓘ +	-2.25	-4.57	-1.46	-0.11	6.88
Net Proceeds from Shares ⓘ	0.11	0	0	1.04	10.38
Net Proceeds from Borrowing ⓘ	0.86	-1.94	-0.57	0	0
Interest Paid ⓘ	-1.67	-1.43	-1.38	-1.33	-0.95
Dividend Paid ⓘ	0	0	0	0	0
Others ⓘ	-1.55	-1.20	0.49	0.19	-2.55
Net Cash Flow ⓘ	-0	0	-0.01	0	2.96

Finance Ratio

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-13.6	-43.94	90.82	45.13	-66.66
ROCE (%)	4.25	6.07	19.27	19.1	-24.72
Asset Turnover Ratio	2.06	2.95	3.51	2.4	1.92
PAT to CFO Conversion(x)	N/A	N/A	1.78	1.31	N/A
Working Capital Days
Receivable Days	44	31	26	36	42
Inventory Days	61	44	39	57	60
Payable Days	21	20	18	23	25

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Solve Plastic Products Ltd FAQs

The current trading price of Solve Plastic Prod on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Solve Plastic Prod stood at ₹8.12 Cr

The latest P/E ratio of Solve Plastic Prod as of 31-Dec-1969 is 0.00.

The latest P/B ratio of Solve Plastic Prod as of 31-Dec-1969 is 0.81.

The 52-week high of Solve Plastic Prod is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Solve Plastic Prod is ₹41.46 ( Cr.) .

About Solve Plastic Products Ltd

Solve Plastic Products Limited was originally incorporated as ‘Solve Plastic Products Private Limited’ on October 04, 1994 under the provision of the Companies Act, 1956 issued by Registrar of Companies - Ernakulam. Subsequently, the company was converted into Public Limited Company under the Companies Act, 2013 and the name of the Company was changed to ‘Solve Plastic Products Limited’ vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated March 05, 2024 issued by Registrar of Companies - Central Processing Centre.

The company is engaged in manufacturing of comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. The company is committed towards constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands. The company has 3 well-equipped manufacturing facility. It has the latest technology and equipment that helps in the production of high-quality uPVC pipes and Electrical Conduits of different sizes. Its manufacturing facilities are fully automated. The company also has a well-trained team of engineers, technicians and operators that helps in the production and quality control of the products.

The company markets its products under the brand name of ‘BALCOPIPES’, through its network of Authorized Dealers/Distributors. The products manufactured are approved by various agencies such as the Bureau of Indian Standards (BIS) and also from organisations i.e. Central Public Works Department (CPWD) of Chennai & Kochi, Military Engineer Services (MES), Integral Coach Factory, Public Works Department (PWD) of Kerala and Tamil Nadu and Tamil Nadu Housing Board. It is registered vendor with government organizations such as Chennai Port Authority and Southern Railway.

Business area of the company

The company is engaged in the business of manufacturing Rigid PVC Conduits, Water Pipes & Related fittings.

Products of the company

uPVC pipes
Rigid PVC electric conduits
Garden hoses
Solvent cement
Water tank

History and milestones

1994: Company incorporated as Private Limited Company i.e. Solve Plastic Products Private Limited.
1994: Started Punalur Unit.
2008: Started Edamon Unit.
2010: Started Shencotta Unit.
2018: Acquired Kannur Unit.
2022: Certificate of Appreciation from Bureau of Indian Standards in recognition of dedication to quality and association with BIS for more than 25 years
2024: Certificate of Appreciation from Bureau of Indian Standards for Zero failure license achievement for electric conduits having license CM/L-4594681 for last 3 years.
2024: Company converted from Private Limited Company to Public Limited Company i.e. Solve Plastic Products Limited.

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Solve Plastic Products Ltd (BALCO) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating