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Plastiblends India Ltd. Stock Analysis

Small Cap
Evaluated by 619 users | BSE: 523648 | NSE: PLASTIBLEN |
Chemicals
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...

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 15.74%13.28%11.93%17.1%18.38%17.53%12.97%9.39%10.49%11.02%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 277341409466494520545568627606
Y-o-Y Gr. Rt.-23.2%19.9%13.9%6.1%5.2%4.9%4.1%10.4%-3.4%
Adjusted EPS (Rs.) 6.826.436.029.711.2514.0412.3610.0111.9313.8
Y-o-Y Gr. Rt.--5.7%-6.4%61.1%16%24.8%-12%-19%19.2%15.7%
Book Value per Share (Rs.) 36.6841.0744.9452.6160.6470.986.0295.42103.39108.08
Adjusted Net Profit 17.716.715.725.229.236.532.1263135.9
Net Op. Cash Flow (Rs. Cr.) -13.110.64.137.236.771.125.314.758.974.4
Debt to Cash Flow from Ops -3.614.6514.030.840.551.163.67.151.320.65
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Plastiblends India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.1%4.2%3.6%-3.4%
Adjusted EPS 8.2%4.2%3.7%15.7%
Book Value per Share 12.812.37.94.5
Share Price 17.7% 2.3% -7.2% -0.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 2016.5414.0119.8919.8721.3515.7511.041213.05
Operating Profit Margin (%) 10.59.438.0310.1610.2711.411.719.669.6211.13
Net Profit Margin (%) 6.414.93.835.415.917.025.894.584.955.92
Debt to Equity 0.50.460.490.230.130.450.410.420.290.17
Working Capital Days 118125125125120123129148141136
Cash Conversion Cycle 9296918172677498107112
Entity Percentage Holding
Promoters 63.65%
Institutions 3.30%
Non-Institutions 33.05%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Plastiblends India's performance infers:

Plastiblends India earnings have grown by 4.2%, whereas share price has appreciated 2.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Plastiblends India share prices over the last 10 years. Here is what we found out:

Plastiblends India share price has appreciated 14.7% annually over the past ten years.

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

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).


Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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