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Solve Plastic Products Ltd (BALCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: BALCO Plastic Products | Small Cap | Solve Plastic Prod. Share Price

BSE Share Price
Not Listed

Solve Plastic Products Ltd (BALCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: BALCO Plastic Products | Small Cap | Solve Plastic Prod. Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹8 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹1
TTM Sales
₹45.6 Cr.
Book Value per Share
₹22.8
P/E Ratio
19.30
Industry PE
38.9
Price to Book (P/B)
0.85
Lower than its 5-year historical median
Price to Sales (P/S)
0.19
Lower than its 5-year historical median
EV/EBITDA
5.90
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
-66.66%
Underperforms industry median
Return on Capital Employed (ROCE)
-24.72%
Underperforms industry median
Return on Assets (ROA)
-22.13%
Operating Profit Margin
-9.5%
Net Profit Margin
-11.55%
Gross Profit Margin
-11%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-10.24%
Operating Profit Growth (1 Year)
-
-243.12%
Net Profit Growth (1 Year)
-
-437.32%
Asset Quality
Promoter Holding
63.35%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹6 Cr.
Equity
₹4.4 Cr.
Face Value
₹10
All Time Low / High
- / -

Solve Plastic Products stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Solve Plastic Products Ltd a good quality company?
Solve Plastic Products Ltd is a quality company, based on a 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.

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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.

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How does Solve Plastic Products Ltd performance compare with that of its Peers?
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 4.71%, indicating slower growth and losing its market share.
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 Stock return of Solve Plastic Products Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -43.74% based on the current price.
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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.
Solve Plastic Products 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'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ4.3%6.1%19.3%19.1%-24.7%-
Value Creation
Index ⓘ		-0.7-0.60.40.4-2.8-

Growth Parameters ⓘ
Sales ⓘ41.755.160.846.241.546
Sales YoY Gr.-32%10.4%-24%-10.2%-
Adj EPS ⓘ-0.7-1.43.84.6-111
YoY Gr.-NANA19.4%-340.4%-
BVPS (₹) ⓘ3.72.46.314.322.822.8
Adj Net
Profit ⓘ		-0.2-0.41.21.4-4.80
Cash Flow from Ops. ⓘ2.45.32.11.9-3.1-
Debt/CF from Ops. ⓘ6.52.35.76.7-3.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA-9%-10.2%
Adj EPS ⓘNANANA-340.4%
BVPSⓘNANA112.5%59.6%
Share Price - - - -35.3%

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		-17.5-45.487.644.3-66.74.4
Op. Profit
Mgn % ⓘ		323.26-9.5NAN
Net Profit
Mgn % ⓘ		-0.5-0.81.93-11.61
Debt to
Equity ⓘ		13.7176.42.81-
Working Cap
Days ⓘ		088731081240
Cash Conv.
Cycle ⓘ		0585176840

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales41.7255.0760.7746.1941.46
Operating Expenses ⓘ + 40.4953.9858.8143.4345.41
Manufacturing Costs2.163.033.764.133.93
Material Costs31.7243.8144.5130.3929.68
Employee Cost 2.913.624.474.764.95
Other Costs ⓘ 3.713.526.064.156.85
Operating Profit ⓘ 1.231.091.962.76-3.95
Operating Profit Margin (%) 2.9%2.0%3.2%6.0%-9.5%
Other Income ⓘ + 0.660.711.480.970.38
Exceptional Items ⓘ 00000
Interest ⓘ 1.671.431.381.510.99
Depreciation ⓘ 1.180.900.830.770.95
Profit Before Tax ⓘ -0.96-0.531.241.45-5.51
Tax ⓘ -0.81-0.120.030.02-0.73
Profit After Tax -0.15-0.411.201.42-4.79
PAT Margin (%) -0.4%-0.7%2.0%3.1%-11.6%
Adjusted EPS (₹)-0.5-1.34.04.7-11.0
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Solve Plastic Prod. - 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'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1.130.721.934.399.98
Share Capital ⓘ 3.043.043.043.074.37
Reserves ⓘ -1.90-2.31-1.111.325.61
Debt +12.7210.3010.5311.368.70
Long Term Debt5.433.492.933.112.86
Short Term Debt7.286.817.618.255.85
Minority Interest00000
Trade Payables1.813.111.292.541.51
Others Liabilities ⓘ 4.602.893.832.692.10
Total Liabilities ⓘ 20.2617.0317.5820.9722.29

Fixed Assets

Net Fixed Assets ⓘ +5.525.285.145.265.96
Gross Block5.525.285.1417.0718.53
Accumulated Depreciation00011.8112.57
CWIP ⓘ 0000.890.11
Investments ⓘ 00000
Inventories6.966.226.697.626.03
Trade Receivables5.024.484.125.054.42
Cash Equivalents 0.020.020.010.012.97
Others Assets ⓘ 2.731.041.612.142.80
Total Assets ⓘ 20.2617.0317.5820.9722.29

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 2.365.302.141.86-3.08
PBT ⓘ -0.96-0.531.241.45-5.51
Adjustment ⓘ 2.882.542.282.173
Changes in Working Capital ⓘ 0.443.29-1.38-1.75-0.45
Tax Paid ⓘ 0000-0.11
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 00000
Others ⓘ 0.02-0.08-0.040.010.02
Cash Flow From Financing Activity ⓘ + -2.25-4.57-1.46-0.116.88
Net Proceeds from Shares ⓘ 0.11001.0410.38
Net Proceeds from Borrowing ⓘ 0.86-1.94-0.5700
Interest Paid ⓘ -1.67-1.43-1.38-1.33-0.95
Dividend Paid ⓘ 00000
Others ⓘ -1.55-1.200.490.19-2.55
Net Cash Flow ⓘ -00-0.0102.96

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-13.6-43.9490.8245.13-66.66
ROCE (%)4.256.0719.2719.1-24.72
Asset Turnover Ratio2.062.953.512.41.92
PAT to CFO Conversion(x)N/AN/A1.781.31N/A
Working Capital Days
Receivable Days43.9031.5025.8036.2041.70
Inventory Days60.9043.7038.8056.5060.10
Payable Days20.8020.50182324.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

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 ₹8.45 Cr

The latest P/E ratio of Solve Plastic Prod. as of 31-Dec-1969 is 19.30.

The latest P/B ratio of Solve Plastic Prod. as of 31-Dec-1969 is 0.85.

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 ₹45.58 ( Cr.) .

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

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

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.

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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