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Swashthik Plascon Ltd (544035)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544035 NSE: Plastic Products | Small Cap | Swashthik Plascon Share Price

₹22.40 0.00 (0.00%)

As on 04-Jun'26 16:59

Swashthik Plascon Ltd (544035)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544035 NSE: Plastic Products | Small Cap | Swashthik Plascon Share Price

₹22.40 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹44 Cr.
Current Price
₹22.4
52-Week Low / High
₹16 / 49
TTM EPS
₹3.2
TTM Sales
₹50.3 Cr.
Book Value per Share
₹45.1
P/E Ratio
7.11
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
0.50
Lower than its 5-year historical median
Price to Sales (P/S)
0.87
Lower than its 5-year historical median
EV/EBITDA
5.82
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
7.26%
Outperforms industry median
Return on Capital Employed (ROCE)
8.67%
In line with industry median
Return on Assets (ROA)
5.38%
Operating Profit Margin
16.7%
Net Profit Margin
10.97%
Gross Profit Margin
10.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
9.41%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
46%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.95%
Asset Quality
Promoter Holding
44.46%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹68 Cr.
Equity
₹19.5 Cr.
Face Value
₹10
All Time Low / High
₹15.75 / 133.95

Swashthik Plascon stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Swashthik Plascon Ltd a good quality company?
Swashthik Plascon Ltd is a quality company, based on a 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 Swashthik Plascon Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Swashthik Plascon Ltd vs industry peers?
Swashthik Plascon Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 4.71%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Swashthik Plascon Ltd?
Promoters hold 44.46% of the Swashthik Plascon Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Swashthik Plascon Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -54.24% 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.
Swashthik Plascon Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.7%8.7%18.8%15.4%8.7%-
Value Creation
Index
-0.4-0.40.40.1-0.4-

Growth Parameters

Sales 33.949.545.643.547.650
Sales YoY Gr.-45.9%-7.8%-4.7%9.4%-
Adj EPS -0.2-0.22.23.22.23.2
YoY Gr.-NANA45%-32%-
BVPS (₹) 10.310.515.935.441.945.1
Adj Net
Profit
-0.1-0.12.85.64.26
Cash Flow from Ops. 2.52.33.7-15.9-9-
Debt/CF from Ops. 6.26.54.3-0.6-2.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA-1.3%9.4%
Adj EPS NANANA-32%
BVPSNANA58.5%18.6%
Share Price - - - -47.9%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-2.3-1.72113.55.87.2
Op. Profit
Mgn %
4.65.213.412.416.7NAN
Net Profit
Mgn %
-0.4-0.26.112.88.812.2
Debt to
Equity
2.52.40.80.10.3-
Working Cap
Days
01351211852520
Cash Conv.
Cycle
091831061180

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales33.9049.4745.6243.4847.57
Operating Expenses + 32.3546.9139.5138.1139.73
Manufacturing Costs3.222.980.253.544.89
Material Costs24.4039.2631.6829.4529.24
Employee Cost 3.013.253.923.493.91
Other Costs 1.731.413.661.631.69
Operating Profit 1.542.566.115.377.84
Operating Profit Margin (%) 4.6%5.2%13.4%12.4%16.5%
Other Income + 1.440.390.273.851.64
Exceptional Items 00000
Interest 1.661.622.180.991.49
Depreciation 1.131.100.960.971.97
Profit Before Tax 0.200.233.247.266.02
Tax 0.130.100.441.710.80
Profit After Tax 0.070.132.805.555.22
PAT Margin (%) 0.2%0.3%6.1%12.8%11.0%
Adjusted EPS (₹)0.10.22.23.22.7
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Swashthik Plascon - 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
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 6.196.3220.3862.0981.65
Share Capital 6612.8217.5619.47
Reserves 0.190.327.5544.5262.18
Debt +15.0614.7415.908.7820.85
Long Term Debt6.886.757.418.6220.85
Short Term Debt8.187.988.480.160
Minority Interest00000
Trade Payables5.323.322.928.273.45
Others Liabilities 1.422.889.883.845.28
Total Liabilities 27.9927.2549.0882.97111.22

Fixed Assets

Net Fixed Assets +8.668.0810.2721.9834.08
Gross Block21.8322.3610.2721.9836.04
Accumulated Depreciation13.1814.28001.96
CWIP 00000
Investments 0.930.9311.6313.5815.05
Inventories7.327.8613.9820.5421.63
Trade Receivables9.638.9410.1216.5013.57
Cash Equivalents 0.010.020.020.012.03
Others Assets 1.451.433.0610.3724.86
Total Assets 27.9927.2549.0882.97111.22

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2.452.303.71-15.88-9.04
PBT 0.200.233.234.984.55
Adjustment 2.572.662.731.783.21
Changes in Working Capital -0.31-0.59-1.84-21.2-16.76
Tax Paid 00-0.41-1.45-0.05
Cash Flow From Investing Activity + -1.50-0.53-2.89-12.69-14.20
Capex -1.50-0.53-3.15-12.68-14.07
Net Investments 000.26-0.01-0.17
Others 00000.03
Cash Flow From Financing Activity + -0.95-1.76-0.8328.5625.26
Net Proceeds from Shares 00036.4914.47
Net Proceeds from Borrowing 0.66-0.200.441.2112.23
Interest Paid -1.62-1.56-1.77-0.81-1.28
Dividend Paid 00000
Others 000.50-8.32-0.16
Net Cash Flow -00.01-0.01-02.02

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.122.0820.9913.477.26
ROCE (%)8.718.6818.8315.418.67
Asset Turnover Ratio1.211.791.81.110.8
PAT to CFO Conversion(x)3517.691.33-2.86-1.73
Working Capital Days
Receivable Days103.7068.5050.7066.2070.40
Inventory Days78.905658.1085.8098.80
Payable Days79.6040.203669.3073.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Swashthik Plascon Ltd FAQs

The current trading price of Swashthik Plascon on 04-Jun-2026 16:59 is ₹22.40.

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 Swashthik Plascon stood at ₹43.61 Cr

The latest P/E ratio of Swashthik Plascon as of 03-Jun-2026 is 7.11.

The latest P/B ratio of Swashthik Plascon as of 03-Jun-2026 is 0.50.

The 52-week high of Swashthik Plascon is ₹48.51 and the 52-week low is ₹15.75.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swashthik Plascon is ₹50.34 ( Cr.) .

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

The key valuation ratios of Swashthik Plascon 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 Swashthik Plascon Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Swashthik Plascon Ltd

Swashthik Plascon was originally formed on June 30, 2006 as a Partnership Firm under the name and style of ‘Swashthik Caps’. Subsequently, the company was converted into Private Limited Company as ‘Swashthik Caps Private Limited’ vide certificate of incorporation dated May 05, 2011 issued by the Registrar of Companies, Pondicherry. Subsequently, the company name was changed to Swashthik Plascon Private Limited pursuant to issuance of Fresh Certificate of Incorporation dated June 13, 2023 by Registrar of Companies, Pondicherry. Subsequently the company was converted into Public Limited Company and name of company was changed from ‘Swashthik Plascon Private Limited’ to ‘Swashthik Plascon Limited’ vide fresh certificate of incorporation dated July 17, 2023 issued by the Registrar of Companies, Pondicherry.

The company is mainly engaged in the business of manufacturing of a wide range of PET Bottles and PET Preforms which includes PET Bottles for Pharmaceutical application, Liquor application, FMCG Packaging, House Hold applications, Dish wash liquid packaging, Repellent dispenser etc and PET Preforms for Soft Drinks bottles, Packaged Drinking Water bottle and Juice bottles.

The company manufactures Bottles and Preforms in Continuous Injection Stretch Moulding Machines with advanced Technology using 100% virgin food grade quality material. Production takes place in an enclosed dust proof environment with quality testing at regular intervals. The products are packed in CFC trays with POF shrink film & then carefully packed in corrugated boxes. Overall colour migration test, heavy metal testing and analysis are done to ensure it give best quality finished products to its Valued Customers.

The company has a well-equipped quality control lab with in house testing equipment’s to test the capacity and quality of its products. Its finished products undergo strict quality check to ensure that they are of required quality as per the standards set. Its in-house testing team regulates and monitors the quality, safety and packaging of Bottles and Preforms. There are also in-house developed quality check procedures and the internationally standardized top-level quality check parameters in addition to the required standards. This allows it to guarantee that its customers get products of the highest quality. Its production plants are certified according to the ISO 9001 Quality management system.

Business area of the company

The company is mainly engaged in the business of manufacturing of a wide range of PET Bottles and PET Preforms which includes PET Bottles for Pharmaceutical application, Liquor application, FMCG Packaging, House Hold applications, Dish wash liquid packaging, Repellent dispenser etc. and PET Preforms for Soft Drinks bottles, Packaged Drinking Water bottle and Juice bottles.

Products of the company 

  • Pharma pet bottle
  • Liquor pet bottle
  • Sanitizer pet bottle
  • Dish wash pet bottle
  • Mosquito repellent pet bottle
  • Shampoo pet bottle

History and milestones

  • 2006-07: Incorporation of the partnership firm in the name and style of ‘Swashthik Caps’.
  • 2011-12: Conversion of partnership firm into private limited company vide fresh certificate of incorporation dated May 05, 2011.
  • 2021-22: ISO 9001:2015 by Otabu Certification Private Limited.
  • 2022-23: Acquisition of M/s Swashthik Industries, A Partnership Firm.
  • 2022-23: Acquisition of 100% equity shares from shareholders of Swashthik Preforms Private Limited.
  • 2023-24: Change in name from Swashthik Caps Private Limited to Swashthik Plascon Private Limited.
  • 2023-24: Converted into Public Limited Company vide fresh certificate of incorporation dated July 17, 2023.


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