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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

₹20.89 0.21 (1.02%)

As on 25-Sep'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

₹20.89 0.21 (1.02%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹41 Cr.
Current Price
₹20.9
52-Week Low / High
₹16 / 42
TTM EPS
₹4.1
TTM Sales
₹153 Cr.
Book Value per Share
₹48
P/E Ratio
5.06
Lower than its 5-year historical median
Industry PE
37.1
Price to Book (P/B)
0.44
Lower than its 5-year historical median
Price to Sales (P/S)
0.27
Lower than its 5-year historical median
EV/EBITDA
5.32
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
9.33%
Outperforms industry median
Return on Capital Employed (ROCE)
10.94%
In line with industry median
Return on Assets (ROA)
3.99%
Operating Profit Margin
14.3%
Net Profit Margin
4.85%
Gross Profit Margin
9.9%
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)
-
94.97%
Net Profit Growth (1 Year)
-
-7.57%
Asset Quality
Promoter Holding
44.46%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹74 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 0%, indicating stable growth and maintaining 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 -48.42% 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.
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%
BVPSⓘNANA58.5%18.6%
Share Price - - - -48.4%

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

Valuation of Swashthik Plascon - Consolidated

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

Financials

PARTICULARSMar'23Mar'24Mar'25
Sales45.62126.27143.60
Operating Expenses ⓘ + 39.69115.73123.05
Manufacturing Costs3.216.6512.47
Material Costs31.6891.2996.97
Employee Cost 3.629.209.55
Other Costs ⓘ 1.188.604.06
Operating Profit ⓘ 5.9310.5420.55
Operating Profit Margin (%) 13.0%8.3%14.3%
Other Income ⓘ + 0.278.590.20
Exceptional Items ⓘ 000
Interest ⓘ 1.784.716.57
Depreciation ⓘ 0.963.444.99
Profit Before Tax ⓘ 3.4710.999.19
Tax ⓘ 0.453.452.23
Profit After Tax 3.027.536.96
PAT Margin (%) 6.6%6.0%4.9%
Adjusted EPS (₹)2.44.33.6
Dividend Payout Ratio (%)0%0%0%
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 20.3763.9685.17
Share Capital ⓘ 12.8217.5619.47
Reserves ⓘ 7.5546.4065.71
Debt +58.6253.6785.47
Long Term Debt30.1353.2385.47
Short Term Debt28.490.430
Minority Interest0.030.050.06
Trade Payables18.3722.8519.12
Others Liabilities ⓘ 13.208.5010.05
Total Liabilities ⓘ 110.60149.03199.88

Fixed Assets

Net Fixed Assets ⓘ +27.3741.7556.31
Gross Block27.3741.7556.31
Accumulated Depreciation000
CWIP ⓘ 000
Investments ⓘ 0.930.930.93
Inventories37.8853.6865.42
Trade Receivables37.3042.1846.11
Cash Equivalents 0.140.092.33
Others Assets ⓘ 6.9810.4128.78
Total Assets ⓘ 110.60149.03199.88
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 3.71-9.62-19.12
PBT ⓘ 3.4710.999.19
Adjustment ⓘ 2.837.1710.95
Changes in Working Capital ⓘ -2.14-26.51-37.54
Tax Paid ⓘ -0.45-1.26-1.72
Cash Flow From Investing Activity ⓘ + -2.89-18.05-18.87
Capex -3.15-17.82-19.51
Net Investments 000
Others ⓘ 0.26-0.240.63
Cash Flow From Financing Activity ⓘ + -0.8327.6340.23
Net Proceeds from Shares ⓘ 040.7614.47
Net Proceeds from Borrowing ⓘ 023.1032.23
Interest Paid ⓘ -1.77-3.73-6.04
Dividend Paid ⓘ 000
Others ⓘ 0.94-32.50-0.43
Net Cash Flow ⓘ -0.01-0.052.24
PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)14.8317.869.33
ROCE (%)6.6215.9510.94
Asset Turnover Ratio0.410.970.82
PAT to CFO Conversion(x)1.23-1.28-2.75
Working Capital Days
Receivable Days298.50114.90112.20
Inventory Days303.10132.30151.40
Payable Days211.7082.4079

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Swashthik Plascon Ltd FAQs

The current trading price of Swashthik Plascon on 25-Sep-2026 16:59 is ₹20.89.

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 24-Sep-2026 the market cap of Swashthik Plascon stood at ₹40.67 Cr

The latest P/E ratio of Swashthik Plascon as of 24-Sep-2026 is 6.63.

The latest P/B ratio of Swashthik Plascon as of 24-Sep-2026 is 0.46.

The 52-week high of Swashthik Plascon is ₹42.00 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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