Ecoplast Ltd - Stock Valuation and Financial Performance

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

Ecoplast Share Price

282.20 -10.20 -3.49%
as on 28-Mar'24 16:01

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Ecoplast stock performance -

mw4me loader
P/E Ratio (SA):
8.96
Market Cap:
87.2 Cr.
52-wk low:
72.2
52-wk high:
399.9

Is Ecoplast Ltd an attractive stock to invest in?

1. Is Ecoplast Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ecoplast Ltd is a below average quality company.

2. Is Ecoplast Ltd undervalued or overvalued?

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

3. Is Ecoplast Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ecoplast Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

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
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.
Ecoplast Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.3%8.2%10.1%9.1%9.6%11.3%11%1.9%-2.5%8.9%-
Value Creation
Index
-0.3-0.4-0.3-0.4-0.3-0.2-0.2-0.9-1.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8294.193.196.195.992.796.275.494.196111
Sales YoY Gr.-14.8%-1.1%3.3%-0.2%-3.3%3.8%-21.7%24.9%2%-
Adj EPS 6.74.77.56.48.510.613.20-5.99.332.5
YoY Gr.--30.1%59.8%-15.5%33.2%25.5%23.9%-99.9%-58800%NA-
BVPS (₹) 64.567.473.380.58997.6106.6105.895.7111131.3
Adj Net
Profit
21.42.31.92.53.240-1.82.810
Cash Flow from Ops. 1.35.862.76.43.55.48.5-2.414.5-
Debt/CF from Ops. 122.21.75.21.62.62.30.9-5.70.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.8%0%-0.1%2%
Adj EPS 3.7%2%-10.9%NA
BVPS6.2%4.5%1.4%16.1%
Share Price 25.8% 22.3% 59% 281.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.87.110.78.31011.412.90-5.8926.8
Op. Profit
Mgn %
7.4676.16.778.54.30.75.911.3
Net Profit
Mgn %
2.51.52.422.73.44.10-1.92.98.8
Debt to
Equity
0.80.60.50.60.40.30.40.30.50-
Working Cap
Days
12511611211212412912716213411744
Cash Conv.
Cycle
61585658697680108917731

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.80%

Sales growth is good in last 4 quarters at 18.12%

Sales growth has been subdued in last 3 years -0.07%

Net Profit has been subdued in last 3 years -10.86%

Latest Financials - Ecoplast Ltd.

Standalone Consolidated
TTM EPS (₹) 32.5 32.5
TTM Sales (₹ Cr.) 111 111
BVPS (₹.) 131.3 131.3
Reserves (₹ Cr.) 36 36
P/BV 2.21 2.21
PE 8.96 8.96
From the Market
52 Week Low / High (₹) 72.20 / 399.90
All Time Low / High (₹) 3.00 / 399.90
Market Cap (₹ Cr.) 87.2
Equity (₹ Cr.) 3
Face Value (₹) 10
Industry PE 35.1

Management X-Ray of Ecoplast:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *3.610.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ecoplast

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales81.9894.1093.0896.1495.9392.7396.2275.3794.1196.01
Operating Expenses 76.1988.4286.5890.2789.4986.2589.3572.1193.8290.37
Manufacturing Costs6.366.767.798.138.377.998.766.608.258.99
Material Costs62.8373.9469.4972.1769.8365.4464.4352.9970.0567.59
Employee Cost 4.064.836.126.637.207.969.498.419.539.27
Other Costs 2.942.893.193.344.094.866.674.1064.51
Operating Profit 5.795.686.505.876.446.486.873.270.295.65
Operating Profit Margin (%) 7.1%6.0%7.0%6.1%6.7%7.0%7.1%4.3%0.3%5.9%
Other Income 0.230.360.341.041.611.081.350.930.853.90
Interest 1.861.921.481.851.541.560.881.131.060.90
Depreciation 1.461.831.681.791.822.082.392.732.662.45
Exceptional Items 0000000000
Profit Before Tax 2.702.283.673.274.703.924.950.33-2.586.20
Tax 0.840.771.350.961.720.531.560.10-0.821.75
Profit After Tax 1.861.512.332.312.973.393.390.24-1.764.45
PAT Margin (%) 2.3%1.6%2.5%2.4%3.1%3.7%3.5%0.3%-1.9%4.6%
Adjusted EPS (₹)6.25.07.87.79.911.311.30.8-5.914.8
Dividend Payout Ratio (%)19%24%19%16%15%13%13%191%0%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 19.3420.222224.1326.7129.2931.9831.7428.7033.31
Share Capital 3333333333
Reserves 16.3417.221921.1323.7126.2928.9828.7425.7030.31
Minority Interest0000000000
Debt14.5411.689.5212.889.288.1011.195.4111.810.30
Long Term Debt2.203.232.263.061.870.843.514.612.640.30
Short Term Debt12.348.457.269.837.417.267.680.809.170
Trade Payables9.568.538.249.508.517.627.608.497.526.36
Others Liabilities 3.823.722.933.693.553.073.345.746.113.99
Total Liabilities 47.2644.1542.6850.2148.0648.0854.1051.3954.1343.96

Fixed Assets

Gross Block28.6327.6729.1714.4515.8917.3225.8526.8728.4229.54
Accumulated Depreciation17.1617.0118.691.793.505.467.7910.3012.6314.74
Net Fixed Assets11.4610.6610.4812.6612.3911.8618.0616.5615.7914.80
CWIP 0.020.090.060.3800.720.640.650.020.08
Investments 0.820.820.822.292.302.120.680.750.730.73
Inventories10.659.028.5510.3311.3411.7210.5010.2212.9310.45
Trade Receivables17.2217.1616.8219.2516.5916.6420.7820.1720.0611.96
Cash Equivalents 1.130.400.390.450.420.340.290.4412.63
Others Assets5.956.015.574.845.024.683.152.593.613.31
Total Assets 47.2644.1542.6850.2148.0648.0854.1051.3954.1343.96

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.285.756.022.736.423.525.398.53-2.3914.52
PBT 2.702.283.673.274.703.924.950.33-2.586.20
Adjustment 3.233.643.063.143.013.024.243.805.061.26
Changes in Working Capital -3.680.880.76-2.780.39-2.3-2.214.59-4.837.91
Tax Paid -0.97-1.05-1.48-0.90-1.68-1.13-1.59-0.19-0.04-0.85
Cash Flow From Investing Activity -1.91-1.28-1.41-4.21-0.87-0.32-7.11-1.03-1.520.53
Capex -0.74-1.38-1.47-4.28-1.15-2.23-8.52-1.23-1.570.50
Net Investments 000-0.01-0.010.190000
Others -1.160.100.060.080.291.721.410.200.050.04
Cash Flow From Financing Activity 1.12-5.20-4.621.54-5.57-3.291.67-7.364.47-13.42
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.101.03-0.970.82-1.19-1.032.671.10-1.97-2.34
Interest Paid -1.86-1.92-1.48-1.85-1.54-1.56-0.88-1.13-1.06-0.90
Dividend Paid -0.36-0.36-0.810-0.36-0.45-0.45-0.4500
Others 3.44-3.95-1.362.57-2.49-0.250.33-6.887.50-10.19
Net Cash Flow 0.49-0.73-0.010.06-0.02-0.09-0.050.150.561.63
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.977.6311.031011.712.111.060.74-5.8314.34
ROCE (%)14.1712.4615.8214.5216.5414.5114.043.47-3.7118.51
Asset Turnover Ratio2.042.272.372.32.021.941.91.441.81.97
PAT to CFO Conversion(x)0.693.812.581.182.161.041.5935.54N/A3.26
Working Capital Days
Receivable Days63606062666570997760
Inventory Days41353132404542504544
Payable Days53454445474543554237

Ecoplast Ltd Stock News

Ecoplast Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ecoplast on 28-Mar-2024 16:01 is ₹282.2.
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 28-Mar-2024 16:01 the market cap of Ecoplast stood at ₹87.22.
The latest P/E ratio of Ecoplast as of 28-Mar-2024 16:01 is 8.96.
The latest P/B ratio of Ecoplast as of 28-Mar-2024 16:01 is 2.21.
The 52-week high of Ecoplast is ₹399.9 and the 52-week low is ₹72.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ecoplast is ₹110.6 ( Cr.) .

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)
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