1. Is TPL Plastech Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that TPL Plastech Ltd is a average quality company.
2. Is TPL Plastech Ltd undervalued or overvalued?
The key valuation ratios of TPL Plastech Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is TPL Plastech Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of TPL Plastech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||14.3%||14.1%||13.8%||15%||16.5%||13.8%||11.7%||11%||9.6%||13.7%||-|
|Value Creation Index ⓘ||0.0||0.0||-0.0||0.1||0.2||-0.0||-0.2||-0.2||-0.3||-0.0||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||23.6%||-3.7%||-2.7%||1.1%||6.6%||14.1%||-4.5%||-18.5%||34.1%||-|
|Adj EPS ⓘ||0.8||0.9||1||1.1||1.4||1.6||1.5||1.4||1||1.7||1.8|
|YoY Gr. Rt. %||-||15%||6.5%||12.2%||30.9%||10.4%||-8.8%||-6.2%||-24.3%||66%||-|
|BVPS (₹) ⓘ||4.2||4.9||5.6||6.7||7.9||9.1||10.2||11.1||11.8||13.1||13.7|
|Adj Net Profit ⓘ||6.3||7.2||7.6||8.6||11.2||12.4||11.3||10.6||8||13.3||14|
|Cash Flow from Ops. ⓘ||11.5||4.8||9.3||32.7||3.5||6||9.4||31||20.6||23||-|
|Debt/CF from Ops. ⓘ||3.5||8.9||4.5||0.7||10.6||9.3||6.2||1.3||1.4||0.8||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||8.8%||3.5%||5.7%||66%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||20.5||20.2||18.5||17.8||19.7||18.7||15||12.8||9||13.7||13.2|
|Op. Profit Mgn % ⓘ||10.3||9.2||9.9||11.8||12.1||12.7||11.6||11.4||11.9||11.7||11.1|
|Net Profit Mgn % ⓘ||4.1||3.8||4.2||4.8||6.2||6.5||5.2||5.1||4.7||5.8||5.5|
|Debt to Equity ⓘ||1.2||1.1||1||0.5||0.6||0.8||0.7||0.5||0.3||0.2||0.1|
|Working Cap Days ⓘ||128||120||136||148||159||176||179||191||221||172||164|
|Cash Conv. Cycle ⓘ||34||37||50||38||34||46||49||50||41||24||57|
Return on Equity has increased versus last 3 years average to 13.20%
Sales growth is good in last 4 quarters at 20.78%
Sales growth has been subdued in last 3 years 1.45%
Net Profit has been subdued in last 3 years 5.65%
|TTM EPS (₹)||1.8||1|
|TTM Sales (₹ Cr.)||250||170|
|BVPS (₹.) ⓘ||13.7||0|
|Reserves (₹ Cr.) ⓘ||91||84|
|From the Market|
|52 Week Low / High (₹)||21.06 / 43.50|
|All Time Low / High (₹)||0.05 / 78.09|
|Market Cap (₹ Cr.)||264|
|Equity (₹ Cr.)||15.6|
|Face Value (₹)||2|
|Industry PE ⓘ||20.8|
TPL Plastech was incorporated in the year a982 and its chairman is Sanjay Kulkarni. The company is based in Mumbai. The company is listed in group â€˜Bâ€™ of the BSE. As of June 14 2006, TPL Plastech Limited operates as a subsidiary of Time Technoplast Ltd.
TPL Plastech Limited manufactures extrusion blow moulded high molecular high density polyethylene containers/barrels in India. Its products are used as packaging materials in the packaging of viscous liquids, chemicals, dyestuffs, bulk pharmaceuticals, and petrochemicals.
TPL enjoys strong operational and product support from its parent, Time Technoplast Limited, the market leader in the domestic industrial packaging industry. Consequently, TPL is well-placed to capitalize on the emerging opportunities in this market.
Over the years, TPL Plastech Limited has achieved the distinction of being the second largest manufacturer of HMHDPE barrels in India providing quality alternative barrels at affordable prices. The market segment for barrels appreciates the presence of the company for strategic reasons, as well.
In the year 2009, the company acquired approximately 9030 sq. meters (18 Kannals) of land for the Jammu project. Building and shed work are completed and major parts of the machineries are identified and ready for dispatching .The company has obtained necessary permission/approvals from concerned departments, except electricity connection from the J&K Electricity Department but has received the approval to run a 750 KVA D G set.
The project is delayed due to strained situation in the state in last quarter of the year. However, the company is all set to implement and commission the project in the year 2009.