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Ecoplast Ltd (526703)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526703 NSE: Plastic Products | Small Cap | Ecoplast Share Price
₹449.55 -10.50 (-2.28%)
As on 14-Aug'26 16:59
Ecoplast Ltd (526703)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526703 NSE: Plastic Products | Small Cap | Ecoplast Share Price
₹449.55 -10.50 (-2.28%)
As on 14-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹214 Cr.
Current Price
₹449.6
52-Week Low / High
₹370 / 580
TTM EPS
₹23.7
TTM Sales
₹192 Cr.
Book Value per Share
₹258.3
P/E Ratio
19.00
Higher than its 5-year historical median
Industry PE
39.2
Price to Book (P/B)
1.74
Lower than its 5-year historical median
Price to Sales (P/S)
1.11
Higher than its 5-year historical median
EV/EBITDA
9.88
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
10.69%
Outperforms industry median
Return on Capital Employed (ROCE)
14.54%
Outperforms industry median
Return on Assets (ROA)
8.76%
Operating Profit Margin
8.4%
Net Profit Margin
5.42%
Gross Profit Margin
9.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
6.4%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-13.69%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-13%
Asset Quality
Promoter Holding
74.45%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹118 Cr.
Equity
₹4.8 Cr.
Face Value
₹10
All Time Low / High
₹3.00 / 774.00
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Weak
Is Ecoplast Ltd a good quality company?
Ecoplast 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 Ecoplast Ltd performance compare with that of its Peers?
Revenue growth of Ecoplast Ltd vs industry peers?
Ecoplast Ltd revenue CAGR is 24.01%, compared to the industry median CAGR of 3.92%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Ecoplast Ltd?
Promoters hold 74.45% of the Ecoplast Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Ecoplast Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18.7% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Ecoplast 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.5% | 16.5% | 14.5% | 14% | 3.5% | -3.7% | 18.5% | 33.4% | 26.4% | 14.5% | - |
| Value Creation Index ⓘ | 0.0 | 0.2 | 0.0 | 0 | -0.8 | -1.3 | 0.3 | 1.4 | 0.9 | 0.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 96.1 | 95.9 | 92.7 | 96.2 | 75.4 | 94.1 | 96 | 113 | 208 | 221 | 192 |
| Sales YoY Gr. | - | -0.2% | -3.3% | 3.8% | -21.7% | 24.9% | 2% | 18.2% | 83.2% | 6.4% | - |
| Adj EPS ⓘ | 6.4 | 8.5 | 10.6 | 13.2 | 0 | -6.4 | 7.1 | 30.3 | 37.9 | 32.5 | 23.7 |
| YoY Gr. | - | 33.2% | 25.5% | 23.9% | -99.9% | -63800% | NA | 328.7% | 24.9% | -14.1% | - |
| BVPS (₹) ⓘ | 80.5 | 89 | 97.6 | 106.6 | 105.8 | 95.7 | 111 | 140.8 | 306.6 | 342.2 | 258.3 |
| Adj Net Profit ⓘ | 1.9 | 2.5 | 3.2 | 4 | 0 | -1.9 | 2.1 | 9.1 | 13.1 | 11.2 | 11 |
| Cash Flow from Ops. ⓘ | 2.7 | 6.4 | 3.5 | 5.4 | 8.5 | -2.4 | 14.8 | 12.8 | 13.2 | -2.1 | - |
| Debt/CF from Ops. ⓘ | 5.2 | 1.6 | 2.6 | 2.3 | 0.9 | -5.7 | 0.1 | 0 | 0 | -0.5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.7% | 24% | 32.1% | 6.4% | ||||
| Adj EPS ⓘ | 19.9% | 404.1% | 66.3% | -14.1% | ||||
| BVPSⓘ | 17.5% | 26.5% | 45.5% | 11.6% | ||||
| Share Price | 18.5% | 38.4% | 44% | -17.6% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.3 | 10 | 11.4 | 12.9 | 0 | -6.3 | 6.8 | 24.1 | 17.5 | 9.9 | 7.9 |
| Op. Profit Mgn % ⓘ | 6.1 | 6.7 | 7 | 8.5 | 4.3 | 0.7 | 5.9 | 11.6 | 10.3 | 8.4 | 9.6 |
| Net Profit Mgn % ⓘ | 2 | 2.7 | 3.4 | 4.1 | 0 | -2 | 2.2 | 8 | 6.3 | 5.1 | 5.8 |
| Debt to Equity ⓘ | 0.6 | 0.4 | 0.3 | 0.4 | 0.3 | 0.5 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 112 | 124 | 129 | 127 | 162 | 134 | 117 | 85 | 76 | 113 | 59 |
| Cash Conv. Cycle ⓘ | 58 | 69 | 76 | 80 | 108 | 91 | 77 | 46 | 42 | 62 | 44 |
Valuation of Ecoplast - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 96 | 96 | 93 | 96 | 75 | 94 | 96 | 113 | 208 | 221 |
| Operating Expenses ⓘ + | 90 | 89 | 86 | 89 | 72 | 94 | 90 | 100 | 186 | 203 |
| Operating Profit ⓘ | 6 | 6 | 6 | 7 | 3 | 0 | 6 | 13 | 21 | 18 |
| Operating Profit Margin (%) | 6.1% | 6.7% | 7.0% | 7.1% | 4.3% | 0.3% | 5.9% | 11.6% | 10.3% | 8.4% |
| Other Income ⓘ + | 1 | 2 | 1 | 1 | 1 | 1 | 4 | 2 | 3 | 4 |
| Interest ⓘ | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 5 | 6 |
| Profit Before Tax ⓘ | 3 | 5 | 4 | 5 | 0 | -3 | 6 | 12 | 19 | 16 |
| Tax ⓘ | 1 | 2 | 1 | 2 | 0 | -1 | 2 | 3 | 5 | 4 |
| Profit After Tax | 2 | 3 | 3 | 3 | 0 | -2 | 4 | 9 | 14 | 12 |
| PAT Margin (%) | 2.4% | 3.1% | 3.7% | 3.5% | 0.3% | -1.9% | 4.6% | 8.4% | 6.6% | 5.4% |
| Adjusted EPS (₹) | 7.7 | 9.9 | 11.3 | 11.3 | 0.8 | -5.9 | 14.8 | 31.6 | 39.9 | 34.7 |
| Dividend Payout Ratio (%) | 15.60% | 15.10% | 13.30% | 13.30% | 191.20% | 0% | 10.10% | 9.50% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 24 | 27 | 29 | 32 | 32 | 29 | 33 | 42 | 106 | 118 | |
| Debt + | 13 | 9 | 8 | 11 | 5 | 12 | 0 | 0 | 0 | 1 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 10 | 9 | 8 | 8 | 8 | 8 | 6 | 9 | 17 | 15 | |
| Others Liabilities ⓘ | 4 | 4 | 3 | 3 | 6 | 6 | 4 | 4 | 8 | 9 | |
| Total Liabilities ⓘ | 50 | 48 | 48 | 54 | 51 | 54 | 44 | 55 | 131 | 143 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 13 | 12 | 12 | 18 | 17 | 16 | 15 | 16 | 35 | 46 | |
| CWIP ⓘ | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 6 | |
| Investments ⓘ | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 19 | 4 | |
| Inventories | 10 | 11 | 12 | 10 | 10 | 13 | 10 | 12 | 22 | 24 | |
| Trade Receivables | 19 | 17 | 17 | 21 | 20 | 20 | 12 | 11 | 32 | 31 | |
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 10 | 17 | 8 | |
| Others Assets ⓘ | 5 | 5 | 5 | 3 | 3 | 4 | 3 | 4 | 5 | 22 | |
| Total Assets ⓘ | 50 | 48 | 48 | 54 | 51 | 54 | 44 | 55 | 131 | 143 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 3 | 6 | 4 | 5 | 9 | -2 | 15 | 13 | 13 | -2 |
| Cash Flow From Investing Activity ⓘ + | -4 | -1 | -0 | -7 | -1 | -2 | 1 | -4 | -29 | -6 |
| Cash Flow From Financing Activity ⓘ + | 2 | -6 | -3 | 2 | -7 | 4 | -14 | -2 | 18 | -0 |
| Net Cash Flow ⓘ | 0 | -0 | -0 | -0 | 0 | 1 | 2 | 7 | 2 | -8 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10 | 11.7 | 12.1 | 11.06 | 0.74 | -5.83 | 14.34 | 25.06 | 18.59 | 10.69 |
| ROCE (%) | 14.52 | 16.54 | 14.51 | 14.04 | 3.47 | -3.71 | 18.51 | 33.39 | 26.38 | 14.54 |
| Asset Turnover Ratio | 2.3 | 2.02 | 1.94 | 1.9 | 1.44 | 1.8 | 1.97 | 2.31 | 2.25 | 1.62 |
| PAT to CFO Conversion(x) | 1.5 | 2 | 1.33 | 1.67 | N/A | N/A | 3.75 | 1.44 | 0.93 | -0.17 |
| Working Capital Days | ||||||||||
| Receivable Days | 61.60 | 66 | 65 | 70.20 | 98.60 | 77.40 | 60.40 | 36.10 | 37.30 | 52.20 |
| Inventory Days | 32.20 | 39.90 | 45.10 | 41.70 | 49.90 | 44.50 | 44.10 | 36.60 | 30.20 | 38.30 |
| Payable Days | 44.90 | 47.10 | 45 | 43.10 | 55.40 | 41.70 | 37.50 | 38.20 | 36.40 | 42.30 |
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Ecoplast Ltd FAQs
The current trading price of Ecoplast on 14-Aug-2026 16:59 is ₹449.6.
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 Ecoplast stood at ₹213.7 Cr
The latest P/E ratio of Ecoplast as of 13-Aug-2026 is 19.00.
The latest P/B ratio of Ecoplast as of 13-Aug-2026 is 1.74.
The 52-week high of Ecoplast is ₹580.0 and the 52-week low is ₹370.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ecoplast is ₹192 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ecoplast Ltd is a average quality company.
The key valuation ratios of Ecoplast Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ecoplast Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Ecoplast Ltd
The company was incorporated on May 7,1981 as Ecoplast Pvt. Ltd.. The name of the company was changed to Ecoplast Limited on June 18, 1994, for which a fresh Certificate of Incorporation was issued by the Registrar of Companies, Gujarat on July 11, 1994.
The company commenced its commercial operation in September 1982, with a plant of annual capacity of 540 MT. it was initially registered as an SSI Unit. The company expanded its capacity in 1986 to 1400 MT/year and was registered as a DGTD Unit. The two co-extrusion lines were supplied by Paul Kiefel, GmbH, W. Germany, a well known supplier world-wide of film Co-extrusion equipment.
Over the decade, the company has been setting standards on quality and innovating on multilayer film structures to provide the required film properties critical to pack, preserve and display a wide range of products.
Ecoplast Ltd. is in the business of manufacturing and selling polyethylene films for flexible packaging and other specialty applications. The films currently manufactured are known as multilayer films produced by the blown film Co-extrusion process.
Multilayer films, are a combination of two or more thermoplastics co-extruded to form one homogenous film, but with distinct individual layers, which depending on their structure, can provide a range of properties not possible with monolayer films.
The company further expanded its multilayer film production capacity by 2500 MT in 1995.The company commenced exports of films to convertors in the Middle East in the year 2000. Since then exports have grown at the rate of 50% per year, to 1200 MT in the year ended March 31, 2003.
To support the growth in exports and to reduce delivery time, the company further expanded its Multilayer film capacity by 60% in the year ended 31st March 2001. With this expansion the company's Multilayer film capacity grew to 7500 MT per year. The total area of the factory is 7700 sq. meters. Six blown film lines are housed in the two buildings of area 1700 sq. meters. Total manpower of the organisation is 92.
Product range of the company includes:
- Lamination Films
- Agro-Products Fertilizers
- Cable Wrap
- Cosmetics & Toiletries
- Food & Beverages
- Pharmaceuticals
- Speciality Applications
Surface Protection Films They can manufacture SPF Films upto 1300 mm in Black and White and 1550mm in White Opaque and natural.
They are always willing to develop individual requirements and their sales and technical team are always on hand to give recommendation on the appropriate product that is suitable for your application.
Achievements/ recognition:-
- PFFCASTAR 2003 - Awarded in Recognition of Excellence in Product Development and Development of New Structures (Flexible) by Paper, Film and Foil Convertors Association, India.
- PLEXCOUNCIL AWARDS- The Highest Recognition for Exports of Multilayer Films for 2001-2002 & 2002-2003, awarded by PLEXCOUNCIL. (SPONSOR: The Ministry of Commerce & Industry, Department of Commerce, Government of India)
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