Ecoplast Ltd Stock Analysis

BSE: 526703 | NSE: | Plastic Products | Small Cap

BSE Share Price Jan 18, 18:01
79.00 0.85 (1.09%)

DeciZen - Make an Informed Decision on Ecoplast

M-Cap below 100cr DeciZen not available

10 Year X-Ray of Ecoplast:

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 12.4%11.5%10.3%8.2%10.1%9.1%9.6%11.3%11%1.8%-
Value Creation Index -0.1-0.2-0.3-0.4-0.3-0.4-0.3-0.2-0.2-0.9-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 59.775.88294.193.196.195.992.796.275.491
YoY Gr. Rt. %-27%8.1%14.8%-1.1%3.3%-0.2%-3.3%3.8%-21.7%-
Adj EPS 6.76.66.74.77.56.48.510.613.2-0.1-6.3
YoY Gr. Rt. %--1.8%2.4%-30.1%59.8%-15.5%33.2%25.5%23.9%-100.5%-
BVPS (₹) 54.659.764.567.473.380.58997.6106.6105.897
Adj Net Profit 2221.42.31.92.53.240-2
Cash Flow from Ops. 2.24.51.35.862.76.43.55.48.5-
Debt/CF from Ops. 5.42.6122.21.75.21.62.62.30.9-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 2.6%-4.1%-7.7%-21.7%
Adj EPS -160.3%-139.3%-120.2%-100.5%
BVPS 7.67.65.9-0.8
Share Price 8.5% -7.3% -11.8% 3.5%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 12.811.510.87.110.78.31011.412.9-0.1-6.2
Op. Profit Mgn % 9.88.57.4676.16.778.54.31.1
Net Profit Mgn % 3.42.62.51.52.422.73.44.1-0-2.1
Debt to Equity 0.70.70.80.60.50.60.40.30.40.30.2
Working Cap Days 121109125116112112124129127162103
Cash Conv. Cycle 70596158565869768010862

Recent Performance Summary

Sales growth is good in last 4 quarters at 41.13%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -7.73%

Latest Financials - Ecoplast Ltd.

Standalone Consolidated
TTM EPS (₹) -6.3 -6.4
TTM Sales (₹ Cr.) 91.4 91.8
BVPS (₹.) 97 97
Reserves (₹ Cr.) 26 26
P/BV 0.81 0.81
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 65.00 / 111.30
All Time Low / High (₹) 3.00 / 179.00
Market Cap (₹ Cr.) 23.5
Equity (₹ Cr.) 3
Face Value (₹) 10
Industry PE 26.3

Management X-Ray of Ecoplast :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.003.610.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Ecoplast Ltd

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)
Read More Read Less