Plastiblends India Ltd Stock Analysis

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

BSE Share Price Jan 20, 13:01
241.60 5.40 (2.29%)

DeciZen - Make an Informed Decision on Plastiblends India

Overall Rating

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

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.

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.

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 13.3%11.9%17.1%18.4%17.5%13%9.4%10.5%11%10.9%-
Value Creation Index -0.1-0.20.20.30.3-0.1-0.3-0.3-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 341409466494520545568627606577670
YoY Gr. Rt. %-19.9%13.9%6.1%5.2%4.9%4.1%10.4%-3.4%-4.7%-
Adj EPS 6.469.711.31412.4101213.813.714
YoY Gr. Rt. %--6.4%61.1%16%24.8%-12%-19%19.8%15.3%-0.7%-
BVPS (₹) 41.144.952.660.670.98695.4103.4108.1127134.8
Adj Net Profit 16.715.725.229.236.532.12631.235.935.736
Cash Flow from Ops. 10.64.137.236.771.125.314.758.974.448.1-
Debt/CF from Ops. 4.7140.80.61.23.67.21.30.70.7-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 6%2.1%0.6%-4.7%
Adj EPS 8.8%-0.5%11.1%-0.7%
BVPS 13.412.41017.5
Share Price 19.7% 0% 10.3% -3.5%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 16.51419.919.921.415.81112.113.111.710.7
Op. Profit Mgn % 9.4810.210.311.411.79.79.611.111.99.4
Net Profit Mgn % 4.93.85.45.975.94.655.96.25.4
Debt to Equity 0.50.50.20.10.50.40.40.30.20.1-
Working Cap Days 1251251251201231291481411361460
Cash Conv. Cycle 969181726774981071121160

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 11.08%

Sales growth is good in last 4 quarters at 24.96%

Return on Equity has declined versus last 3 years average to 10.70%

Sales growth has been subdued in last 3 years 0.56%

Latest Financials - Plastiblends India Ltd.

Standalone Consolidated
TTM EPS (₹) 14 -
TTM Sales (₹ Cr.) 670 -
BVPS (₹.) 134.8 -
Reserves (₹ Cr.) 337 -
P/BV 1.75 -
PE 16.85 -
From the Market
52 Week Low / High (₹) 207.25 / 305.95
All Time Low / High (₹) 1.49 / 333.30
Market Cap (₹ Cr.) 614
Equity (₹ Cr.) 13
Face Value (₹) 5
Industry PE 44.6

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

Analyst's Notes

News

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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