SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

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

₹68.39 -1.87 (-2.66%)

As on 04-Jun'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

₹68.39 -1.87 (-2.66%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹533 Cr.
Current Price
₹68.4
52-Week Low / High
₹51 / 88
TTM EPS
₹3.7
TTM Sales
₹423 Cr.
Book Value per Share
₹21.7
P/E Ratio
18.35
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
3.16
In line with its 5-year historical median
Price to Sales (P/S)
1.26
Lower than its 5-year historical median
EV/EBITDA
11.27
In line with its 5-year historical median
Dividend Yield
1.33%
Profitability Efficiency
Return on Equity (ROE)
16.98%
Outperforms industry median
Return on Capital Employed (ROCE)
20.99%
Outperforms industry median
Return on Assets (ROA)
9.89%
Operating Profit Margin
11.6%
Net Profit Margin
6.76%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
11.64%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
12.59%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
18.89%
Asset Quality
Promoter Holding
74.86%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹153 Cr.
Equity
₹15.6 Cr.
Face Value
₹2
All Time Low / High
₹0.05 / 136.35

TPL Plastech stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is TPL Plastech Ltd a good quality company?
TPL Plastech Ltd is a good quality company, based on a consistently good 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 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 10.79%, compared to the industry median CAGR of 4.71%, 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 2.3% 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.
TPL Plastech Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 23%22%18.8%16.4%15.5%13.5%18.6%19.7%20.7%21%-
Value Creation
Index
0.60.60.30.20.10.00.30.40.50.5-

Growth Parameters

Sales 178180192219209170229271313349423
Sales YoY Gr.-1.1%6.6%14.1%-4.5%-18.5%34.1%18.3%15.6%11.6%-
Adj EPS 1.11.41.61.51.411.722.533.7
YoY Gr.-30.9%10.4%-8.8%-6.2%-24.3%66%14%28.2%21.2%-
BVPS (₹) 6.77.99.110.211.111.813.114.816.718.921.7
Adj Net
Profit
8.611.212.411.310.6813.315.219.523.629
Cash Flow from Ops. 32.73.569.43120.623-1.829.316.3-
Debt/CF from Ops. 0.710.69.36.21.31.40.8-21.50.92.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.8%10.8%15.2%11.6%
Adj EPS 11.9%17.4%21%21.2%
BVPS12.2%11.2%12.9%13.2%
Share Price 5.4% 23.1% 15.7% -15.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.819.718.71512.8913.71415.91718.4
Op. Profit
Mgn %
11.812.112.711.611.411.911.71111.511.611.4
Net Profit
Mgn %
4.86.26.55.25.14.75.85.66.26.86.9
Debt to
Equity
0.50.60.80.70.50.30.20.30.20.30
Working Cap
Days
14815917617919122116514513412359
Cash Conv.
Cycle
3834464950412435485526

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales178180192219209170229271313349
Operating Expenses + 157158168194185150202241277309
Manufacturing Costs810101010910111415
Material Costs142139147171162130179215248278
Employee Cost 5788877899
Other Costs 2345555667
Operating Profit 21222425242027303641
Operating Profit Margin (%) 11.8%12.1%12.7%11.6%11.4%11.9%11.7%11.0%11.5%11.6%
Other Income + 0000000321
Exceptional Items 0000000000
Interest 5446655676
Depreciation 3334444565
Profit Before Tax 14151716151118202530
Tax 5344434467
Profit After Tax 911121111813162024
PAT Margin (%) 4.8%6.3%6.5%5.2%5.1%4.7%5.8%5.9%6.3%6.8%
Adjusted EPS (₹)1.11.51.61.51.41.01.72.12.53.0
Dividend Payout Ratio (%)22.70%20.80%22%24%25.70%34.10%23.50%29.20%31.40%33.10%

Valuation of TPL Plastech - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 526171798792103115130148
Share Capital 88888816161616
Reserves 45546372798487100115132
Debt +19365152362314321840
Long Term Debt08161075516105
Short Term Debt192835422918917835
Minority Interest0000000000
Trade Payables41385350555670505637
Others Liabilities 20162023212020262721
Total Liabilities 133151195204198190207224232245

Fixed Assets

Net Fixed Assets +49516663615860568493
Gross Block5256747174747980112125
Accumulated Depreciation3589121520242832
CWIP 16477792413
Investments 0011100000
Inventories22305257555357607062
Trade Receivables43444852454350545560
Cash Equivalents 1123444555
Others Assets 17192323252426261722
Total Assets 133151195204198190207224232245

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 33369312123-22916
PBT 14151716151118202530
Adjustment 8781099991111
Changes in Working Capital 14-15-15-131121-26-0-17
Tax Paid -3-3-3-3-4-2-5-6-6-7
Cash Flow From Investing Activity + -8-10-17-3-3-4-4-10-6-22
Capex -8-10-16-3-3-4-4-10-6-22
Net Investments 00-100000-00
Others 00-0-0000-00-0
Cash Flow From Financing Activity + -25612-7-28-19-1912-246
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -5-4-4-6-6-5-5-5-5-5
Dividend Paid -2-2-3-3-3-3-3-3-5-6
Others -1813193-19-11-1220-1317
Net Cash Flow 0-01-00-2-0-00-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.8419.8218.7415.1212.798.9713.6814.7216.1516.98
ROCE (%)23.0122.0418.8216.415.4613.4518.5619.7120.7320.99
Asset Turnover Ratio1.541.421.291.31.211.041.351.481.611.71
PAT to CFO Conversion(x)3.670.270.50.822.822.631.77-0.131.450.67
Working Capital Days
Receivable Days72.4078.6074.3069.7071.8079.4063.5059.805451.20
Inventory Days43.6047.3066.9076.5083.5097.807566.8064.2058.90
Payable Days86.40104.70113.70110118.20155.30128.50102.3078.6061.40

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

TPL Plastech Ltd FAQs

The current trading price of TPL Plastech on 04-Jun-2026 16:59 is ₹68.39.

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 TPL Plastech stood at ₹533.5 Cr

The latest P/E ratio of TPL Plastech as of 03-Jun-2026 is 18.35.

The latest P/B ratio of TPL Plastech as of 03-Jun-2026 is 3.16.

The 52-week high of TPL Plastech is ₹87.95 and the 52-week low is ₹51.09.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TPL Plastech is ₹423 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that TPL Plastech Ltd is a good 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 Strong which suggest that the price of TPL Plastech Ltd is likely to Rise 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.

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×