HCP Plastene Bulkpack Ltd - Stock Valuation and Financial Performance

BSE: 526717 | NSE: | Plastic Products | Small Cap

HCP Plastene Bulkpac Share Price

177 -4.75 -2.61%
as on 26-Apr'24 16:01

DeciZen - make an informed investing decision on HCP Plastene Bulkpac

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

1. Quality

2. Valuation

Undervalued

3. Price Trend

HCP Plastene Bulkpack stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
188.9 Cr.
52-wk low:
171.3
52-wk high:
349

Is HCP Plastene Bulkpack Ltd an attractive stock to invest in?

1. Is HCP Plastene Bulkpack Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that HCP Plastene Bulkpack Ltd is a below average quality company.

2. Is HCP Plastene Bulkpack Ltd undervalued or overvalued?

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

3. Is HCP Plastene Bulkpack Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HCP Plastene Bulkpack 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 HCP Plastene Bulkpac:

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.
HCP Plastene Bulkpack Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.7%1%5.5%6.4%12.5%-88%-51%148.1%-2.2%-4.6%-
Value Creation
Index
-0.4-0.9-0.6-0.5-0.1NANA9.6-1.2-1.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2852823043142671885.615.949.348.448
Sales YoY Gr.--0.8%7.8%3.1%-14.9%-29.6%-97%182.4%210.8%-1.9%-
Adj EPS 3.4-5.10.20.88.6-87.8-20.463.4-3.6-5.2-4
YoY Gr.--252.5%NA315.8%989.9%-1120%NANA-105.7%NA-
BVPS (₹) 26.721.521.923.231.2-52.4-72.825.722.14139
Adj Net
Profit
3-4.60.20.77.6-89.3-20.764.9-3.7-5.5-4
Cash Flow from Ops. -1.7-1.613.812.83.945.94.5-15.85.3-15-
Debt/CF from Ops. -39.6-60.46.87.327.42.222-2.47.4-2.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -17.9%-28.9%105%-1.9%
Adj EPS -204.9%-190.3%NANA
BVPS4.9%5.7%NA85.5%
Share Price 26.4% 35.1% 118.1% -42.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.2-17.40.73.130.3762.732.6-272.2-15.1-16.6-10.1
Op. Profit
Mgn %
4.423.759.3-37.6-203.3-23.55.9-1.8-1.8
Net Profit
Mgn %
1.1-1.60.10.22.9-47.5-368.6408.8-7.5-11.4-8.9
Debt to
Equity
2.443.94.53.8-1.9-1.31.41.70.8-
Working Cap
Days
781051181291781912,81161415315638
Cash Conv.
Cycle
5468697090791,06233-212-29

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 104.98%

Debt to equity has declined versus last 3 years average to 0.77

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at 1.77%

Latest Financials - HCP Plastene Bulkpack Ltd.

Standalone Consolidated
TTM EPS (₹) -4 -2.5
TTM Sales (₹ Cr.) 48.2 295
BVPS (₹.) 39 46.3
Reserves (₹ Cr.) 31 39
P/BV 4.54 3.82
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 171.30 / 349.00
All Time Low / High (₹) 0.37 / 1286.75
Market Cap (₹ Cr.) 189
Equity (₹ Cr.) 10.7
Face Value (₹) 10
Industry PE 37.3

Management X-Ray of HCP Plastene Bulkpac:

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 HCP Plastene Bulkpac

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2852823043142671886164948
Operating Expenses 27227729329824225917204649
Manufacturing Costs14202423232014117
Material Costs2442392532572001769113036
Employee Cost 4566871144
Other Costs 1013111111566422
Operating Profit 136111625-71-11-43-1
Operating Profit Margin (%) 4.4%2.0%3.6%5.0%9.3%-37.6%-203.0%-23.5%5.9%-1.8%
Other Income 0450010000
Interest 6891011134133
Depreciation 4666666553
Exceptional Items 0001-1005300
Profit Before Tax 3-5017-89-2144-5-7
Tax 0000000-20-1-2
Profit After Tax 3-5017-89-2164-4-5
PAT Margin (%) 1.1%-1.7%0.1%0.4%2.7%-47.3%-368.0%400.9%-7.5%-11.1%
Adjusted EPS (₹)3.4-5.30.41.38.0-87.6-20.462.2-3.6-5.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2824242128-53-74262344
Share Capital 141414991010101011
Reserves 1510111219-63-84161233
Minority Interest0000000000
Debt64928886976161383021
Long Term Debt294839353500383021
Short Term Debt35444852616161000
Trade Payables162229354543347174
Others Liabilities 581621174446-23-14-12
Total Liabilities 1121451561631869468495556

Fixed Assets

Gross Block8199100102106109107106106108
Accumulated Depreciation42475359647074798184
Net Fixed Assets39524744423932272525
CWIP 0000000000
Investments 0000000099
Inventories242934364951736
Trade Receivables42495765712720365
Cash Equivalents 1111213001
Others Assets6131718232212111111
Total Assets 1121451561631869468495556

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2-214134464-165-15
PBT 3-5017-89-2144-5-7
Adjustment 10131614184610-4586
Changes in Working Capital -14-10-3-3-218916-143-14
Tax Paid 000000000-1
Cash Flow From Investing Activity -17-180-2-5-30-1-3-2
Capex -17-190-2-4-30-1-3-2
Net Investments 0000-800000
Others 0000800000
Cash Flow From Financing Activity 1820-13-121-43-414-218
Net Proceeds from Shares 50002601000
Net Proceeds from Borrowing 000-210-36061-5
Interest Paid -6-8-9-10-11-13-4-1-3-3
Dividend Paid 0000000000
Others 1928-400000026
Net Cash Flow 001-1101-301
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.61-22.051.645.7329.47N/AN/A0-15.03-16.11
ROCE (%)10.933.178.089.4914.83N/AN/A100.9-2.51-5.45
Asset Turnover Ratio3.012.222.052.011.531.340.070.270.950.87
PAT to CFO Conversion(x)-0.67N/AN/A130.57N/AN/A-0.25N/AN/A
Working Capital Days
Receivable Days4758636992951,5252643641
Inventory Days253438405853206863531
Payable Days2128374673911,502708146104

HCP Plastene Bulkpack Ltd Stock News

HCP Plastene Bulkpack Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of HCP Plastene Bulkpac on 26-Apr-2024 16:01 is ₹177.0.
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 26-Apr-2024 16:01 the market cap of HCP Plastene Bulkpac stood at ₹188.9.
The latest P/E ratio of HCP Plastene Bulkpac as of 26-Apr-2024 16:01 is 0.00.
The latest P/B ratio of HCP Plastene Bulkpac as of 26-Apr-2024 16:01 is 4.54.
The 52-week high of HCP Plastene Bulkpac is ₹349.0 and the 52-week low is ₹171.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HCP Plastene Bulkpac is ₹48.17 ( Cr.) .

About HCP Plastene Bulkpack Ltd

Gopala PolyPlast is a manufacturer of woven label, Garment Label, Woven Labels, Customized Woven Labels, Indian Woven Label, Garment Woven Labels, Fancy Woven Label, and Quality Woven Label. Woven Label India-Woven Label Supplier-Indian Woven Label-India Woven Label Woven Labels, woven label manufacturer and PP woven bag in India.

Gopala Polyplast, a listed public limited company having its registered office in Mumbai and manufacturing units at Santej & Kadi in Gujarat and at Silvassa in D& NH. Gopala Polyplast, has a state of art imported plant for manufacturing labels. The Jacquard Looms are imported from Switzerland with supporting CAD studio and pattern creating & weave software supplied by the plant manufacturer itself. The company has further machines for value added functions like Cut & Fold, Filled Label machine, Ultrasonic Laser cutting machine which help the company to cater to the add on requirement of Garment manufacturers.

The company has a presence at all the major garment manufacturing locations in the Country. It has direct marketing offices at Mumbai, Chennai, Gurgaon (Delhi), Tirupur, Bangalore and Ahmedabad. It also has an agent set up at Kolkata, Ludhiana and Indore. The Company is also getting into buying houses for nomination as supplier of labels to various overseas garment company who are sourcing their products from Asia & Africa.

The company was set up to manufacture PP/PE Woven Sacks at Kadi, Gujarat with an installed capacity of 0.70 Lac bags per month. Since then, the company has grown leaps & bound with three manufacturing units located at Kadi, Santej and Silvassa with an installed capacity of 130 lakh bags per month in its woven sacks division. In the year 1993, the company diversified into the textile industry by putting up a plant to manufacture Woven Jacquard labels for garments. This division started with a capacity of 550 Lac pcs p.a. capacity has today reached to a level of 3000 Lac pcs p.a. Today GOPALA is one of the top ten players of the country in both divisions.

The company has the best insfrastructure in terms of factory building and plant & machinery. At its Santej works the company has three tape extrusion plants which are supplemented with 170 Circular Weaving Looms and other Quality Control Equipments. The Kadi & Santej works houses the Finishing division with Automatic Cutting & Printing Machines and Stitching Machines.

Woven sacks are the best and the most cost effective packaging solution for industries like cement, fertilizer, sugar, chemicals, foodgrains, etc. There are various types of bags made out of PP/ HDPE and with or without lamination. Apart from it there are Jumbo bags which are used to pack bulk quanitities.  Off late woven fabric which is the first stage of woven sacks, is a preferred medium for bale wrapping and rain protection in the form of Tarpaulin.

Today majority of woven sacks manufacturers are into different products from the above, however Gopala Polyplast has been solely into manufacturing of woven sacks for cement packaging. This specialization has helped the company to get associated with the best of the Cement manufacturers in the country with some of the companies sourcing their packaging requirement from the company for the last 10 years and more. The company is presently manufacturing woven sacks for :

  • Gujarat Ambuja Cements Limited
  • Vikram Cement – A unit of Grasim Industries Limited
  • Ultratech Cements Ltd. – (erstwhile Cement Division of L&T)
  • JK Lakshmi Cement Ltd.
  • ACC Limited
  • Sanghi Industries Ltd. – Cement Divison
  • Rain Industries Ltd. – (formerly Priyadarshini Cements)
  • Shree Cement Limited
  • Birla Corp Limited
  • Century Cement
  • Mahiar Cement

Product range of the company includes:

  • Woven label
  • Custom woven clothing label
  • Woven clothing label
  • Custom woven label
  • Personalized woven label
  • Charm woven label
  • Woven garment label
  • Woven name label
  • Woven fabric label
  • Woven label manufacturer
  • Label apparel woven
  • Woven label machine
  • Heirloom woven label
  • Sewing woven label
  • Woven label wholesale
  • Woven size label
  • Woven label clothes
  • Iron woven label

Apart from woven labels,they have capability to supply special labels like self sticking labels, printed labels, PU labels, tags, etc. This capability combined with their vast experience in the textile industry, make them 'One-Stop' manufacturing facility for your requirements in the garment sector.

Different divisions of the company :

  • Woven sacks division
  • Woven Jacquard labels

Achievements/ recognition :

  • Gopala has nomination as supplier of woven labels to STEVE & BARRYS, a retail chain of Garment stores in USA.
  • The company is one of the top three suppliers at first five cement manufacturers.
  • They are fastest growing organization in INDIA in the field of HDPE/PP Bags & Sacks.
  • They are leading Manufactures, Exporter and Supplier of PP/HDPE woven sacks & Bags including Laminated bags & sack.
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