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TPL Plastech Ltd. Stock Analysis

Small Cap
Evaluated by 227 users | BSE: 526582 | NSE: TPLPLASTEH |
Plastic Products
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 18.24%14.03%13.61%14.12%13.76%15.02%16.48%13.81%11.69%11.04%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 97.6129154190183178180192219209
Y-o-Y Gr. Rt.-31.8%19.7%23.6%-3.7%-2.7%1.1%6.6%14.1%-4.5%
Adjusted EPS (Rs.) 8.67.58.039.229.7511.0214.3715.9314.4813.59
Y-o-Y Gr. Rt.--12.8%7.1%14.8%5.8%13%30.4%10.9%-9.1%-6.2%
Book Value per Share (Rs.) 31.2136.4242.1249.0156.2767.2478.6791.32101.69111.08
Adjusted Net Profit 6.75.96.37.27.68.611.212.411.310.6
Net Op. Cash Flow (Rs. Cr.) 8.78.111.54.89.332.73.569.431
Debt to Cash Flow from Ops 3.775.183.538.874.50.7210.569.36.221.26
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
TPL Plastech Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.9%2.7%5.1%-4.5%
Adjusted EPS 5.2%6.9%-1.8%-6.2%
Book Value per Share 15.214.612.29.2
Share Price -2.3% -12.6% -43.3% -13%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 32.3522.1920.4620.2318.5317.8419.6918.741512.78
Operating Profit Margin (%) 14.4311.1710.349.159.9411.8112.1212.6811.5511.41
Net Profit Margin (%) 6.874.554.073.784.154.826.226.475.165.07
Debt to Equity 1.341.471.241.120.950.450.60.780.730.45
Working Capital Days 119122128120136148159176179191
Cash Conversion Cycle 43383437503834464950
Entity Percentage Holding
Promoters 75.00%
Institutions 0.11%
Non-Institutions 24.89%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of TPL Plastech Ltd.'s performance infers:

TPL Plastech Ltd. earnings have grown by 6.9%, whereas share price has depreciated -12.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of TPL Plastech Ltd. share prices over the last 10 years. Here is what we found out:

TPL Plastech Ltd. share price has depreciated 3.7% annually over the past ten years.

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,

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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