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Mitsu Chem Plast Ltd (540078)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540078 NSE: Plastic Products | Small Cap | Mitsu Chem Plast Share Price

₹148.90 1.60 (1.09%)

As on 04-Jun'26 16:59

Mitsu Chem Plast Ltd (540078)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540078 NSE: Plastic Products | Small Cap | Mitsu Chem Plast Share Price

₹148.90 1.60 (1.09%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹202 Cr.
Current Price
₹148.9
52-Week Low / High
₹80 / 175
TTM EPS
₹11.5
TTM Sales
₹350 Cr.
Book Value per Share
₹82.8
P/E Ratio
12.94
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
1.80
Lower than its 5-year historical median
Price to Sales (P/S)
0.58
Lower than its 5-year historical median
EV/EBITDA
7.36
Lower than its 5-year historical median
Dividend Yield
0.24%
Profitability Efficiency
Return on Equity (ROE)
8.22%
Outperforms industry median
Return on Capital Employed (ROCE)
10.45%
Outperforms industry median
Return on Assets (ROA)
3.68%
Operating Profit Margin
7%
Net Profit Margin
2.18%
Gross Profit Margin
5.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
6.76%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.54%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-18.17%
Asset Quality
Promoter Holding
67.77%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹99 Cr.
Equity
₹13.6 Cr.
Face Value
₹10
All Time Low / High
₹30.76 / 363.95

Mitsu Chem Plast stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Mitsu Chem Plast Ltd a good quality company?
Mitsu Chem Plast 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 Mitsu Chem Plast Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mitsu Chem Plast Ltd vs industry peers?
Mitsu Chem Plast Ltd revenue CAGR is 19.12%, compared to the industry median CAGR of 4.71%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Mitsu Chem Plast Ltd?
Promoters hold 67.77% of the Mitsu Chem Plast Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Mitsu Chem Plast Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -9.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Mitsu Chem Plast 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14%15%15.6%12.2%14%20%19.9%16.8%13.9%10.5%-
Value Creation
Index
-00.10.1-0.1-00.40.40.20.0-0.3-

Growth Parameters

Sales 88.894.2112125139178258309311332350
Sales YoY Gr.-6%19.2%11.1%11.1%28.7%44.5%19.9%0.7%6.8%-
Adj EPS 1.82.22.833.37.58.89.76.25.311.5
YoY Gr.-26.3%28.5%4.9%11.1%126%17.5%10.5%-36.6%-13.8%-
BVPS (₹) 9.411.718.121.424.331.94150.261.971.482.8
Adj Net
Profit
1.92.43.43.74.19.310.912.18.47.216
Cash Flow from Ops. 13.74.35.817.94.413.26.7229.415.2-
Debt/CF from Ops. 2.685.9314.54.910.13.58.64.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.8%19.1%8.8%6.8%
Adj EPS 13.1%9.9%-15.5%-13.8%
BVPS25.2%24.1%20.4%15.4%
Share Price - -8% -9.6% 22.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.319.619.415.214.526.624.121.311.88.214.9
Op. Profit
Mgn %
9.29.18.68.611.613108.38.379.9
Net Profit
Mgn %
2.22.63335.24.23.92.72.24.5
Debt to
Equity
32.71.622.11.61.31.210.70.1
Working Cap
Days
1049210811311310910210712111853
Cash Conv.
Cycle
7766827576766764728111

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales8994112125139178258309311332
Operating Expenses + 8186103114123155232284286309
Manufacturing Costs12141920273245505464
Material Costs5961717976102161201199207
Employee Cost 6789111214171922
Other Costs 45579913161416
Operating Profit 881011162326252623
Operating Profit Margin (%) 9.2%8.9%8.6%8.5%11.4%12.9%10.0%8.2%8.2%7.0%
Other Income + 0100011211
Exceptional Items 0000000000
Interest 4444666797
Depreciation 2222445567
Profit Before Tax 334461416151210
Tax 1111245333
Profit After Tax 2234410121297
PAT Margin (%) 2.2%2.6%3.1%2.9%2.9%5.4%4.5%3.8%2.9%2.2%
Adjusted EPS (₹)1.82.22.92.93.27.89.39.56.95.3
Dividend Payout Ratio (%)4.40%7.20%5.60%5.60%6.10%2.50%2.10%2.10%2.90%3.80%

Valuation of Mitsu Chem Plast - 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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 12132227304051627997
Share Capital 3444121212121314
Reserves 991823182839506783
Debt +33323250575454676961
Long Term Debt15131428283229382511
Short Term Debt19191822292325294449
Minority Interest0000000000
Trade Payables5441061114242115
Others Liabilities 771214162229282725
Total Liabilities 56566999109127148181197197

Fixed Assets

Net Fixed Assets +22242657596062728791
Gross Block33374074808692108129139
Accumulated Depreciation11131517212530354148
CWIP 00400101011
Investments 0000110000
Inventories791011122329324130
Trade Receivables18182223292941475263
Cash Equivalents 8332252000
Others Assets 23565912191512
Total Assets 56566999109127148181197197

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 144618413722915
PBT 334461416151210
Adjustment 65561099111414
Changes in Working Capital 6-4-38-10-8-15-1-14-6
Tax Paid -1-1-1-1-1-2-3-4-2-2
Cash Flow From Investing Activity + -4-4-7-30-8-8-3-27-12-8
Capex -2-4-7-30-7-6-5-28-12-8
Net Investments -0-010-1-21-0-1-1
Others -1000000000
Cash Flow From Financing Activity + -5-62113-5-233-7
Net Proceeds from Shares 00620000811
Net Proceeds from Borrowing -2-01133706-12-13
Interest Paid -4-4-3-4-6-5-5-6-8-6
Dividend Paid -0-0-0-0-0-0-0-0-0-0
Others 1-2-207-634152
Net Cash Flow 5-51-1-0-01-2-0-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)20.0921.2520.1814.8714.0227.7525.420.8312.58.22
ROCE (%)13.9915.0415.6112.1713.9520.0319.8516.8213.8510.45
Asset Turnover Ratio1.861.991.791.481.331.511.871.881.651.69
PAT to CFO Conversion(x)7224.511.30.581.8312.14
Working Capital Days
Receivable Days66.1058.9064.7065.7068.30595052.4058.3063.60
Inventory Days29.5025.5030.9030.7030.5035.8036.7036.304339.30
Payable Days24.2025.1019.4030.703628.7028.1034.4041.3031.80

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mitsu Chem Plast Ltd FAQs

The current trading price of Mitsu Chem Plast on 04-Jun-2026 16:59 is ₹148.9.

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 03-Jun-2026 the market cap of Mitsu Chem Plast stood at ₹202.2 Cr

The latest P/E ratio of Mitsu Chem Plast as of 03-Jun-2026 is 12.94.

The latest P/B ratio of Mitsu Chem Plast as of 03-Jun-2026 is 1.80.

The 52-week high of Mitsu Chem Plast is ₹175.4 and the 52-week low is ₹80.30.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mitsu Chem Plast is ₹350 ( Cr.) .

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

The key valuation ratios of Mitsu Chem Plast 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 Weak which suggest that the price of Mitsu Chem Plast Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Mitsu Chem Plast Ltd

The company was incorporated as Mitsu Chem Private Limited on September 23, 1988 under the Companies Act, 1956 bearing Registration No. 048925 and having its Registered Office in Mumbai, Maharashtra. The name of the Company was changed to Mitsu Chem Plast Private Limited vide special resolution dated May 11, 2016. Also, vide the same special resolution; the status of the company was changed to a public limited company. A fresh Certificate of Incorporation consequent upon change of name to Mitsu Chem Plast Limited was issued on June 08, 2016 by the Registrar of Companies, Mumbai.

The company’s blow moulded product portfolio consists of four major segments viz. Industrial Containers, Healthcare Furniture, Automotive components and Infrastructure Furniture. Its injection moulded product portfolio consists of Medical Devices and Accessories for Industrial Containers, Healthcare Furniture and Automotive components. Its products are manufactured under its brand “Mitsu” and the same are sold to various intermediary companies who, after minor value additions and / or modifications supply to various Automobile companies.

The company’s industrial packing products like open mouth / wide mouth drums, jerry cans, bottles and varied size containers are currently the preferred choice of some of the top Indian pharmaceutical companies and are also made of 100% food grade materials adhering to 21 CFR norms as per USFDA standards. Its end users include various national and international automobile companies, pharmaceutical & chemical companies, hospitals, and other corporate houses including National Peroxides, Galaxy Surfactants., Castrol India, Thermax, Cipla, Emcure Pharmaceuticals, Mylan India, Tata Ficosa and Tata Autocomp Systems, to name a few.

Business area of the company

The company is an ISO 9001:2008 and ISO TS/16494 (Unit - III) certified polymer based moulded products manufacturing company, engaged in the business of manufacturing and marketing of technically driven innovative products catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure related products & Emergency Handling Solutions. Currently it operates three manufacturing units for manufacture of various polymer based moulded products.

Milestones

  • 1988: Incorporated under Companies Act, 1956 as Mitsu Chem Private Limited.
  • 1989: Acquired Plot No. N-84 at MIDC, Tarapur and commenced production of blow moulded and injection moulded plastic products at Unit – I in Tarapur.
  • 1990: Change in Promoters / Management of the Company.
  • 1995: Acquired Plot No. N-83 at MIDC, Tarapur in the name of one of its Group Company and used the same for manufacturing activities of the company.
  • 1999: Fresh agreement upon transfer of Plot No. N-83 in the name of the Company and fresh agreement of Plot No. N-84 upon submission of certificate of completion, entered into by MIDC, Tarapur.
  • 2001: Company received its first ISO Certification.
  • 2004: Product Patent received for ‘Mitsu Plastic Clamp’ under Design No. 195402.
  • 2006: Maiden Bonus Issue of the company via Capitalizing Rs 41 lakh.
  • 2007: Acquired Plot No. J-237 at MIDC, Tarapur for setting up Unit - II for the production of blow moulded plastic products.
  • 2012: Acquired manufacturing premises Khasra No. 60/4 at Rudrapur, Uttarakhand (on leasehold basis) for setting up Unit - III mainly for manufacturing of blow moulded and injection moulded automotive parts and health care products.
  • 2012: Acquired Office premises at 322-329 Gala Complex, Mulund, Mumbai for setting up of Registered Office.
  • 2013: Obtained possession of additional manufacturing of PE-14 at Sanand, GIDC, Gujarat for future expansion of its manufacturing activities.
  • 2014: Received ISO / TS 16949: 2009 for Blow and Injection Moulded Components like Rain Hood Plastic for Air Cleaner and Washer Bottles for Wiper Systems from TUV Rheinland, Germany.
  • 2015: Obtained the CE certification from Standards Certification Council for its blow moulded product of Spine Board.
  • 2015: Gross Revenue crosses more than Rs 100 crore.
  • 2016: Change in the name & status of the Company from Mitsu Chem Private Limited to Mitsu Chem Plast Limited.
  • 2016: Sub Division of the Face Value of the Equity Shares from Rs 100 to Rs 10 each.

 

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