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Ecoplast Ltd Stock Analysis

Small Cap
Evaluated by 165 users | BSE: 526703 | NSE: |
Plastic Products
The company was incorporated on May 7,1981 as Ecoplast Pvt. Ltd.. The name of the company was changed to Ecoplast Limited on June 18, 1994, for which a fresh Certificate of Incorporation was issued by the Registrar of Companies, Gujarat on July 11, 1994.The company commenced its commercial...

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 17.28%12.39%11.51%10.32%8.17%10.1%9.08%9.59%11.32%10.99%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 66.159.775.88294.193.196.195.992.796.2
Y-o-Y Gr. Rt.--9.6%27%8.1%14.8%-1.1%3.3%-0.2%-3.3%3.8%
Adjusted EPS (Rs.) 10.036.686.566.724.77.516.358.4610.6213.16
Y-o-Y Gr. Rt.--33.4%-1.8%2.4%-30.1%59.8%-15.5%33.2%25.5%23.9%
Book Value per Share (Rs.) 50.0454.6359.6664.4667.3973.3480.4589.0397.62106.59
Adjusted Net Profit 32221.42.31.92.53.24
Net Op. Cash Flow (Rs. Cr.) 5.82.24.51.35.862.76.43.55.4
Debt to Cash Flow from Ops 1.455.432.6311.952.211.715.161.632.62.34
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.
Ecoplast Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.3%0.5%03.8%
Adjusted EPS 3.1%22.9%27.5%23.9%
Book Value per Share 8.89.69.89.2
Share Price 9.1% 2.4% -20.5% -16%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 21.5512.7711.4810.837.1310.678.259.9911.3812.89
Operating Profit Margin (%) 9.869.758.457.436.046.986.16.726.998.5
Net Profit Margin (%) 4.553.362.62.461.52.421.982.653.444.1
Debt to Equity 0.560.740.660.790.630.470.580.390.310.39
Working Capital Days 98121109125116112112124129127
Cash Conversion Cycle 54705961585658697680
Entity Percentage Holding
Promoters 67.12%
Non-Institutions 32.88%
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 Ecoplast Ltd's performance infers:

Ecoplast Ltd earnings have grown by 22.9%, whereas share price has appreciated 2.4% 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 Ecoplast Ltd share prices over the last 10 years. Here is what we found out:

Ecoplast Ltd share price has appreciated 6.2% annually over the past ten years.

The company was incorporated on May 7,1981 as Ecoplast Pvt. Ltd.. The name of the company was changed to Ecoplast Limited on June 18, 1994, for which a fresh Certificate of Incorporation was issued by the Registrar of Companies, Gujarat on July 11, 1994.

The company commenced its commercial operation in September 1982, with a plant of annual capacity of 540 MT. it was initially registered as an SSI Unit. The company expanded its capacity in 1986 to 1400 MT/year and was registered as a DGTD

The company was incorporated on May 7,1981 as Ecoplast Pvt. Ltd.. The name of the company was changed to Ecoplast Limited on June 18, 1994, for which a fresh Certificate of Incorporation was issued by the Registrar of Companies, Gujarat on July 11, 1994.

The company commenced its commercial operation in September 1982, with a plant of annual capacity of 540 MT. it was initially registered as an SSI Unit. The company expanded its capacity in 1986 to 1400 MT/year and was registered as a DGTD Unit. The two co-extrusion lines were supplied by Paul Kiefel, GmbH, W. Germany, a well known supplier world-wide of film Co-extrusion equipment.

Over the decade, the company has been setting standards on quality and innovating on multilayer film structures to provide the required film properties critical to pack, preserve and display a wide range of products.

Ecoplast Ltd. is in the business of manufacturing and selling polyethylene films for flexible packaging and other specialty applications. The films currently manufactured are known as multilayer films produced by the blown film Co-extrusion process.

Multilayer films, are a combination of two or more thermoplastics co-extruded to form one homogenous film, but with distinct individual layers, which depending on their structure, can provide a range of properties not possible with monolayer films.

The company further expanded its multilayer film production capacity by 2500 MT in 1995.The company commenced exports of films to convertors in the Middle East in the year 2000. Since then exports have grown at the rate of 50% per year, to 1200 MT in the year ended March 31, 2003.

To support the growth in exports and to reduce delivery time, the company further expanded its Multilayer film capacity by 60% in the year ended 31st March 2001. With this expansion the company's Multilayer film capacity grew to 7500 MT per year. The total area of the factory is 7700 sq. meters. Six blown film lines are housed in the two buildings of area 1700 sq. meters. Total manpower of the organisation is 92.

Product range of the company includes:

  • Lamination Films
  • Agro-Products Fertilizers
  • Cable Wrap
  • Cosmetics & Toiletries
  • Food & Beverages
  • Pharmaceuticals
  • Speciality Applications

Surface Protection Films They can manufacture SPF Films upto 1300 mm in Black and White and 1550mm in White Opaque and natural.

They are always willing to develop individual requirements and their sales and technical team are always on hand to give recommendation on the appropriate product that is suitable for your application.

Achievements/ recognition:-

  • PFFCASTAR 2003 - Awarded in Recognition of Excellence in Product Development and Development of New Structures (Flexible) by Paper, Film and Foil Convertors Association, India.
  • PLEXCOUNCIL AWARDS- The Highest Recognition for Exports of Multilayer Films for 2001-2002 & 2002-2003, awarded by PLEXCOUNCIL. (SPONSOR: The Ministry of Commerce & Industry, Department of Commerce, Government of India)
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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