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TPL Plastech Ltd (TPLPLASTEH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526582 NSE: TPLPLASTEH Plastic Products | Small Cap | TPL Plastech Share Price

₹66.20 0.89 (1.36%)

As on 25-Sep'26 16:59

TPL Plastech Ltd (TPLPLASTEH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526582 NSE: TPLPLASTEH Plastic Products | Small Cap | TPL Plastech Share Price

₹66.20 0.89 (1.36%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹516 Cr.
Current Price
₹66.2
52-Week Low / High
₹51 / 90
TTM EPS
₹3.9
TTM Sales
₹457 Cr.
Book Value per Share
₹22.5
P/E Ratio
17.14
Lower than its 5-year historical median
Industry PE
37.1
Price to Book (P/B)
2.94
Lower than its 5-year historical median
Price to Sales (P/S)
1.13
Lower than its 5-year historical median
EV/EBITDA
10.64
Lower than its 5-year historical median
Dividend Yield
1.96%
Profitability Efficiency
Return on Equity (ROE)
18.37%
Outperforms industry median
Return on Capital Employed (ROCE)
22.93%
Outperforms industry median
Return on Assets (ROA)
11.60%
Operating Profit Margin
11.4%
Net Profit Margin
6.88%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
20.96%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
18.97%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
23.23%
Asset Quality
Promoter Holding
74.86%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹160 Cr.
Equity
₹15.6 Cr.
Face Value
₹2
All Time Low / High
₹0.05 / 136.35

TPL Plastech stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is TPL Plastech Ltd a good quality company?
TPL Plastech 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.

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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.

View More
How does TPL Plastech Ltd performance compare with that of its Peers?
Q.1 Revenue growth of TPL Plastech Ltd vs industry peers?
TPL Plastech Ltd revenue CAGR is 14.34%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of TPL Plastech Ltd?
Promoters hold 74.86% of the TPL Plastech Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of TPL Plastech Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.7% based on the current price.
View More

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.
TPL Plastech 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ22%18.8%16.4%15.5%13.5%18.6%19.7%20.7%21%22.9%-
Value Creation
Index ⓘ		0.60.30.20.10.00.30.40.50.50.6-

Growth Parameters ⓘ
Sales ⓘ180192219209170229271313349423457
Sales YoY Gr.-6.6%14.1%-4.5%-18.5%34.1%18.3%15.6%11.6%21%-
Adj EPS ⓘ1.41.61.51.411.722.533.73.9
YoY Gr.-10.4%-8.8%-6.2%-24.3%66%14%28.2%21.2%22.8%-
BVPS (₹) ⓘ7.99.110.211.111.813.114.816.718.921.722.5
Adj Net
Profit ⓘ		11.212.411.310.6813.315.219.523.629.130
Cash Flow from Ops. ⓘ3.569.43120.623-1.829.316.345.8-
Debt/CF from Ops. ⓘ10.69.36.21.31.40.8-21.50.92.70.4-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ9.9%19.9%16%21%
Adj EPS ⓘ11.1%29.3%24%22.8%
BVPSⓘ11.9%12.9%13.5%14.4%
Share Price 3.7% 11% 17.4% -10.9%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		19.718.71512.8913.71415.91718.417.5
Op. Profit
Mgn % ⓘ		12.112.711.611.411.911.71111.511.611.410.9
Net Profit
Mgn % ⓘ		6.26.55.25.14.75.85.66.26.86.96.6
Debt to
Equity ⓘ		0.60.80.70.50.30.20.30.20.30.1-
Working Cap
Days ⓘ		15917617919122116514513412310459
Cash Conv.
Cycle ⓘ		3446495041243548554926

Valuation of TPL Plastech - 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 *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'23Mar'24Mar'25Mar'26
Sales180193226216170271313349423
Operating Expenses ⓘ + 158168200192150241277309374
Manufacturing Costs10101011911141517
Material Costs139147177168130215248278339
Employee Cost 7888789911
Other Costs ⓘ 345656678
Operating Profit ⓘ 222426242030364148
Operating Profit Margin (%) 12.1%12.5%11.4%11.3%11.9%11.0%11.5%11.6%11.4%
Other Income ⓘ + 000003211
Exceptional Items ⓘ 000000000
Interest ⓘ 456656766
Depreciation ⓘ 334445656
Profit Before Tax ⓘ 151616151120253037
Tax ⓘ 344434678
Profit After Tax 11121111816202429
PAT Margin (%) 6.3%6.3%5.1%5.0%4.7%5.9%6.3%6.8%6.9%
Adjusted EPS (₹)1.51.61.51.41.02.12.53.03.7
Dividend Payout Ratio (%)20.80%22.50%23.90%25.40%34.10%29.20%31.40%33.10%34.90%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 6171798792115130148169
Share Capital ⓘ 7.807.807.807.807.8015.6015.6015.6015.60
Reserves ⓘ 5463717984100115132153
Debt +365152362332184014
Long Term Debt8161075161051
Short Term Debt28354229181783513
Minority Interest000000000
Trade Payables385756615650563752
Others Liabilities ⓘ 162123212326272121
Total Liabilities ⓘ 151199210205193224232245256

Fixed Assets

Net Fixed Assets ⓘ +517167665856849390
Gross Block567876787480112125128
Accumulated Depreciation589131524283238
CWIP ⓘ 6477724136
Investments ⓘ 000000001
Inventories305359575360706268
Trade Receivables444853464354556063
Cash Equivalents 123545656
Others Assets ⓘ 192120232626172223
Total Assets ⓘ 151199210205193224232245256
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 310103221-2291646
PBT ⓘ 151616151120253037
Adjustment ⓘ 7810999111111
Changes in Working Capital ⓘ -15-11-12112-26-0-175
Tax Paid ⓘ -3-3-3-4-2-6-6-7-8
Cash Flow From Investing Activity ⓘ + -10-21-3-2-4-10-6-22-6
Capex -10-21-3-2-4-10-6-22-5
Net Investments 0000000-0-1
Others ⓘ 0-000-0-0000
Cash Flow From Financing Activity ⓘ + 612-7-28-1912-246-40
Net Proceeds from Shares ⓘ 000000000
Net Proceeds from Borrowing ⓘ 0000000-5-4
Interest Paid ⓘ -4-5-6-6-5-5-5-5-5
Dividend Paid ⓘ -2-3-3-3-3-3-5-6-8
Others ⓘ 13193-19-1120-1323-23
Net Cash Flow ⓘ -01-01-2-00-0-0
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)18.3818.3815.2312.988.9715.4716.1516.9818.37
ROCE (%)19.5718.6616.7715.7513.4619.6620.7320.9922.93
Asset Turnover Ratio1.341.281.311.221.021.531.611.711.98
PAT to CFO Conversion(x)0.270.830.912.912.63-0.131.450.671.59
Working Capital Days
Receivable Days78.8074.5069.2071.9080.6055.805451.2044.80
Inventory Days54.4067.3076.1083.7099.5064.7064.2058.9047.80
Payable Days100.90117.70115.90127164.109078.6061.4048.20

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TPL Plastech Ltd FAQs

The current trading price of TPL Plastech on 25-Sep-2026 16:59 is ₹66.20.

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 TPL Plastech stood at ₹516.4 Cr

The latest P/E ratio of TPL Plastech as of 24-Sep-2026 is 17.13.

The latest P/B ratio of TPL Plastech as of 24-Sep-2026 is 2.94.

The 52-week high of TPL Plastech is ₹89.80 and the 52-week low is ₹51.09.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TPL Plastech is ₹457 ( Cr.) .

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

The key valuation ratios of TPL Plastech Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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.

About TPL Plastech Ltd

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 ‘B’ 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.

Future plans:

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.

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