Plastiblends India Ltd Stock Analysis

BSE: 523648 | NSE: PLASTIBLEN | Chemicals | Small Cap

BSE Share Price 07-Feb-2023 16:33
160.70 0.05 (0.03%)

DeciZen - Make an Informed Decision on Plastiblends India

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

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Plastiblends India Price Chart

P/E Ratio ( SA) :
13.67
Market Cap :
417.5 Cr.
52-wk low :
153.5
52-wk high :
263
Bole Toh?

1. Is Plastiblends India Ltd a good quality company?

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

2. Is Plastiblends India Ltd undervalued or overvalued?

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

3. Is Plastiblends India Ltd a good buy now?

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

10 Year X-Ray of Plastiblends India:

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 11.9%17.1%18.4%17.5%13%9.4%10.5%11%10.9%9.4%-
Value Creation Index -0.20.20.30.3-0.1-0.3-0.3-0.2-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 409466494520545568627606577718789
YoY Gr. Rt. %-13.9%6.1%5.2%4.9%4.1%10.4%-3.4%-4.7%24.3%-
Adj EPS 69.711.31412.4101213.813.713.211.8
YoY Gr. Rt. %-61.1%16%24.8%-12%-19%19.8%15.3%-0.7%-3.6%-
BVPS (₹) 44.952.660.670.98695.4103.4108.1127146.8145.4
Adj Net Profit 15.725.229.236.532.12631.235.935.734.431
Cash Flow from Ops. 4.137.236.771.125.314.758.974.448.115.6-
Debt/CF from Ops. 140.80.61.23.67.21.30.70.72.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.5%5.7%4.6%24.3%
Adj EPS 9.1%1.4%3.3%-3.6%
BVPS 14.111.312.415.6
Share Price 15.7% -4.5% -6.3% -35.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1419.919.921.415.81112.113.111.79.78
Op. Profit Mgn % 810.210.311.411.79.79.611.111.98.66.3
Net Profit Mgn % 3.85.45.975.94.655.96.24.83.9
Debt to Equity 0.50.20.10.50.40.40.30.20.10.1-
Working Cap Days 1251251201231291481411361441300
Cash Conv. Cycle 9181726774981071121141060

Recent Performance Summary

Sales growth is good in last 4 quarters at 18.19%

Return on Equity has declined versus last 3 years average to 8.00%

Sales growth has been subdued in last 3 years 4.61%

Net Profit has been subdued in last 3 years 3.33%

Latest Financials - Plastiblends India Ltd.

Standalone Consolidated
TTM EPS (₹) 11.8 -
TTM Sales (₹ Cr.) 789 -
BVPS (₹.) 145.4 -
Reserves (₹ Cr.) 365 -
P/BV 1.10 -
PE 13.67 -
From the Market
52 Week Low / High (₹) 153.50 / 263.00
All Time Low / High (₹) 1.49 / 333.30
Market Cap (₹ Cr.) 418
Equity (₹ Cr.) 13
Face Value (₹) 5
Industry PE 31.5

Management X-Ray of Plastiblends India :

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 Plastiblends India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Plastiblends India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Plastiblends India on 07-Feb-2023 16:33 is : 160.7.
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 07-Feb-2023 16:33 the market cap of Plastiblends India stood at ₹ 417.5.
The latest PE ratio of Plastiblends India as of 07-Feb-2023 16:33 is 13.67.
The latest PB ratio of Plastiblends India as of 07-Feb-2023 16:33 is 1.10
The 52-week high of Plastiblends India is ₹ 263.0 and the 52-week low is ₹ 153.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Plastiblends India is ₹ 789.4 ( Cr.) .

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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