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Plastiblends India Ltd (PLASTIBLEN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523648 NSE: PLASTIBLEN Chemicals | Small Cap | Plastiblends India Share Price

₹199.10 2.70 (1.37%)

As on 14-Aug'26 16:59

Plastiblends India Ltd (PLASTIBLEN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523648 NSE: PLASTIBLEN Chemicals | Small Cap | Plastiblends India Share Price

₹199.10 2.70 (1.37%)

As on 14-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹517 Cr.
Current Price
₹199.1
52-Week Low / High
₹121 / 216
TTM EPS
₹16.4
TTM Sales
₹811 Cr.
Book Value per Share
₹178.5
P/E Ratio
12.11
Lower than its 5-year historical median
Industry PE
49.5
Price to Book (P/B)
1.12
Lower than its 5-year historical median
Price to Sales (P/S)
0.64
Lower than its 5-year historical median
EV/EBITDA
7.15
Lower than its 5-year historical median
Dividend Yield
1.51%
Profitability Efficiency
Return on Equity (ROE)
8.37%
Underperforms industry median
Return on Capital Employed (ROCE)
11.37%
Underperforms industry median
Return on Assets (ROA)
6.89%
Operating Profit Margin
6.7%
Net Profit Margin
4.65%
Gross Profit Margin
8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.05%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.84%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.72%
Asset Quality
Promoter Holding
62.81%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹451 Cr.
Equity
₹13 Cr.
Face Value
₹5
All Time Low / High
₹1.49 / 398.65

Plastiblends India stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Strong
Q.1 Is Plastiblends India Ltd a good quality company?
Plastiblends India Ltd is a average quality company, based on a somewhat consistent 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.

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.

How does Plastiblends India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Plastiblends India Ltd vs industry peers?
Plastiblends India Ltd revenue CAGR is 6.44%, compared to the industry median CAGR of 7.42%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Plastiblends India Ltd?
Promoters hold 62.81% of the Plastiblends India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Plastiblends India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -0.7% based on the current price.

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.
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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 18.7%13.7%14.2%15.8%16.3%13.4%9.5%11.9%11.1%11.4%-
Value Creation
Index
0.30.00.00.10.20.0-0.3-0.2-0.2-0.2-

Growth Parameters

Sales 545568627606577718769802780789811
Sales YoY Gr.-4.1%10.4%-3.4%-4.7%24.3%7.1%4.4%-2.7%1.1%-
Adj EPS 12.4101213.813.713.29.411.911.212.116.4
YoY Gr.--19%19.8%15.3%-0.7%-3.7%-28.5%26.4%-5.8%7.3%-
BVPS (₹) 8695.4103.4108.1127146.8152156164.5172.8178.5
Adj Net
Profit
32.12631.235.935.734.324.53129.231.443
Cash Flow from Ops. 25.314.758.974.448.115.472.338.18.921.3-
Debt/CF from Ops. 3.67.21.30.70.72.20000.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.2%6.4%0.9%1.1%
Adj EPS -0.3%-2.6%8.5%7.3%
BVPS8.1%6.4%4.4%5%
Share Price -0.7% -6.5% -4.1% 6.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
15.81112.113.111.79.76.37.777.29.4
Op. Profit
Mgn %
11.79.79.611.111.98.76.36.76.76.77.6
Net Profit
Mgn %
5.94.655.96.24.83.23.93.745.3
Debt to
Equity
0.40.40.30.20.10.10000-
Working Cap
Days
12914814113614412911910511613375
Cash Conv.
Cycle
749810711211410697849510758

Valuation of Plastiblends India - 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!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales545568627606577718769802780789
Operating Expenses + 482513567538509655720749729736
Manufacturing Costs29293636344047535353
Material Costs393424474422393535587601576582
Employee Cost 25262731313436394244
Other Costs 35343050504749575858
Operating Profit 63556067696248535253
Operating Profit Margin (%) 11.6%9.7%9.6%11.1%11.9%8.7%6.3%6.6%6.6%6.7%
Other Income + 2213467101013
Exceptional Items 0000000000
Interest 8882332112
Depreciation 11121217161616151515
Profit Before Tax 46384252534936464549
Tax 14111014161210121112
Profit After Tax 33273137373727353337
PAT Margin (%) 6.0%4.8%5.0%6.1%6.5%5.1%3.5%4.3%4.3%4.7%
Adjusted EPS (₹)12.610.512.014.314.414.110.313.312.914.1
Dividend Payout Ratio (%)9.90%23.80%22.90%26.20%27.80%28.30%38.70%32%19.40%21.30%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 224248269281330381395405428449
Share Capital 6131313131313131313
Reserves 217235256268317368382392415436
Debt +911057040323401020
Long Term Debt4125179000000
Short Term Debt50805331323401020
Minority Interest0000000000
Trade Payables36411620262428232833
Others Liabilities 48476068657961535255
Total Liabilities 399441414409453518484482507558

Fixed Assets

Net Fixed Assets +169176173178177187179174168178
Gross Block180197206227241266266271280304
Accumulated Depreciation1122334964798898111126
CWIP 0103920136
Investments 101186245167715656
Inventories71988099124136122126139154
Trade Receivables110121132101941199188111130
Cash Equivalents 2221323366
Others Assets 36341821222023202329
Total Assets 399441414409453518484482507558
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 2515597448157238921
PBT 46384252534936464549
Adjustment 2019201918141281110
Changes in Working Capital -31-291317-13-3634-4-35-26
Tax Paid -11-13-16-14-10-12-10-12-12-11
Cash Flow From Investing Activity + -25-17-8-20-27-5-26-276-33
Capex -26-18-9-21-21-6-8-12-11-28
Net Investments 1010-70-19-1616-6
Others 0000111111
Cash Flow From Financing Activity + -03-51-55-19-12-45-11-12-8
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-8-8-1700000
Interest Paid -8-8-8-1-3-3-1-1-1-2
Dividend Paid -1-4-8-200-11-10-10-11-6
Others 814-27-2512-34000
Net Cash Flow -00-1-11-11-03-20
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)16.0411.5912.0613.5312.2210.316.928.638.038.37
ROCE (%)18.7313.6614.2215.8316.2613.49.5311.8511.0811.37
Asset Turnover Ratio1.561.381.471.471.351.491.551.681.61.5
PAT to CFO Conversion(x)0.760.561.921.30.412.671.090.270.57
Working Capital Days
Receivable Days67.1072.6073.7070.306153.7049.5040.3046.1055.20
Inventory Days39.305351.8053.9069.7065.5060.6055.6061.3067.10
Payable Days4033.2021.7015.302116.8016.1015.401619.20

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Plastiblends India Ltd FAQs

The current trading price of Plastiblends India on 14-Aug-2026 16:59 is ₹199.1.

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 13-Aug-2026 the market cap of Plastiblends India stood at ₹517.4 Cr

The latest P/E ratio of Plastiblends India as of 13-Aug-2026 is 12.11.

The latest P/B ratio of Plastiblends India as of 13-Aug-2026 is 1.12.

The 52-week high of Plastiblends India is ₹215.9 and the 52-week low is ₹121.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Plastiblends India is ₹811 ( Cr.) .

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

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

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

About Plastiblends India Ltd

Plastiblends India is a leader in the masterbatch and compound manufacturing sector, offering a broad range of products, including white, black, color, additive, and Polywhite (filler) masterbatches. With a strong focus on innovation and sustainability, the company continues to distinguish itself from competitors. Its diverse product portfolio and commitment to quality ensure that it remains at the forefront of the industry, driving growth and meeting the evolving needs of the plastic processing market.

The company is a globally recognised brand, making its presence in European, African, North American, South American, and Asian markets. It exports to numerous countries, firmly establishing its brand as a symbol of trust and innovation worldwide. The company’s research and development facility has earned recognition as an in-house R&D unit, conferred by the Department of Scientific & Industrial Research (DSIR), Government of India.

The company’s commitment to quality and environmental safety is endorsed by renowned certifications such as ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), ISO 45001:2018 (Occupational Health and Safety Management System), and Global Recycled Standard (4.0).

Business area of the company

The company is engaged into manufacturing of Masterbatches.

Products

  • Additive Masterbatches
  • Black Masterbatches
  • Colour Masterbatches
  • Filler Masterbatches
  • Polyester Masterbatches
  • White Masterbatches
  • Conductive Compounds
  • Engineering Plastics Compounds

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