MarketFriction

Plastiblends India Ltd

NSE PLASTIBLEN · BSE 523648 · Specialty Chemicals
₹193.62 -3.33%
NSE close2026-10-01
52 week range121.01 - 216.29
Market cap₹532 Cr.
P/E12.5
Results 12-10 Price band 20% Delivery 52.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales210197199212185184199200193186211222
Expenses196186183195176173185186182176192200
Operating Profit141116161011141311101922
OPM %7%6%8%8%5%6%7%7%6%5%9%10%
Other Income322232234342
Interest000000001110
Depreciation444444444444
Profit before tax13914158913121091820
Tax %26%27%23%26%24%27%25%25%26%25%24%26%
Net Profit107111167109761415
EPS in Rs3.672.544.134.172.432.583.683.432.862.495.335.75
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales511545568627587555699751781758768811
Expenses452481513567519487637701726706715749
Operating Profit596455606769625055525361
OPM %12%12%10%10%12%12%9%7%7%7%7%8%
Other Income21213465891313
Interest488813321122
Depreciation61112121716161615151515
Profit before tax524638425253493646454957
Tax %27%30%28%25%28%30%25%26%25%26%25%
Net Profit383327313737372735333743
EPS in Rs14.4912.5810.5111.9914.3114.3714.1210.3313.2912.8714.1216.43
Dividend Payout %24%10%24%23%26%28%28%39%32%19%21%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth4%7%1%5%
Compounded Profit Growth-1%-2%8%36%
Stock Price CAGR0%-6%-5%12%
Return on Equity10%8%8%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital666131313131313131313
Reserves151178217235256268317368382392415436
Borrowings2082911057848324598522
Other Liabilities809484886780919281697586
Total Liabilities258361399442414409453518484482507558
Fixed Assets73151169176173180179189181176170180
CWIP510103920136
Investments33101184225167715656
Other Assets177206219255233222242275236235277316
Total Assets258361399442414409453518484482507558
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity37712515597448157238921
Cash from Investing Activity-19-80-25-17-8-20-27-5-26-276-33
Cash from Financing Activity-189-03-51-55-19-12-45-11-12-8
Net Cash Flow-1-0-00-1-11-11-03-20
Free Cash Flow17-10-1-3505427106426-2-6
CFO/OP98%139%57%50%124%131%84%44%166%91%40%61%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days707774787763626244415462
Inventory Days4757668462851159376768896
Days Payable305034351217241617141821
Cash Conversion Cycle8684106127127131153139102104124137
Working Capital Days71627372778195938684104106
ROCE %27%25%19%14%14%16%16%13%9%11%10%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters64.21%64.38%64.38%64.38%64.38%63.08%63.08%62.85%62.82%62.82%62.82%62.82%
FIIs0.76%0.82%0.84%0.73%0.65%0.64%0.69%0.53%0.24%0.24%0.24%0.25%
DIIs0.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public34.82%34.80%34.79%34.88%34.97%36.28%36.24%36.62%36.94%36.96%36.95%36.93%
No. of Shareholders13,48314,54915,14615,30917,49416,89516,65517,12517,80817,49717,03417,546

Fundamentals

Market Cap₹ 532 Cr.
Current Price₹ 204
Stock P/E12.5
Book Value₹ 173
ROCE10.7 %
ROE7.59 %
Dividend Yield1.47 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)36%
Standalone figures.
Valuation
Market capRs 503 Cr
Enterprise valueRs 520 Cr
P/E (TTM)11.78x
Price to book1.12x
Price to sales0.62x
EV / EBITDA7.00x
EV / EBIT8.76x
EV / sales0.64x
Price to cash flow23.59x
Earnings yield8.49%
Dividend yield1.55%
P/E, 3-year average13.36x
P/B, 3-year average1.10x
P/E, 5-year average13.74x
P/B, 5-year average1.13x
Profitability
Operating margin (excl. other income)6.90%
Operating margin (incl. other income)8.60%
EBITDA margin9.17%
Pre-tax margin7.05%
Net profit margin5.27%
Net margin, latest quarter6.75%
ROE8.37%
ROCE11.28%
ROA6.89%
ROE, 3-year average8.34%
ROCE, 3-year average11.26%
ROA, 3-year average6.93%
ROE, 5-year average8.45%
ROCE, 5-year average11.26%
ROA, 5-year average6.74%
ROIC (approx.)9.58%
Tax rate24.85%
Other income / net worth2.90%
Growth
Sales growth (latest year)1.24%
Profit growth (latest year)9.72%
Sales CAGR, 3 years0.74%
Sales CAGR, 5 years6.70%
Profit CAGR, 3 years10.97%
Profit CAGR, 5 years-0.36%
Sales growth QoQ5.22%
Profit growth QoQ7.86%
Sales growth YoY (latest quarter)11.01%
Profit growth YoY (latest quarter)67.60%
Per share
EPS (TTM)Rs 16.44
EPS (latest year)Rs 14.12
EPS (latest quarter)Rs 5.75
EPS, 3-year averageRs 13.42
EPS, 5-year averageRs 12.94
Book value per shareRs 172.78
Sales per shareRs 311.91
Cash flow per shareRs 8.21
Free cash flow per shareRs -2.31
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 3.25
Dividend per share, 5-year averageRs 3.55
Dividends
Dividend payout21.23%
Dividend payout, 3-year average24.21%
Dividend payout, 5-year average27.93%
Efficiency
Asset turnover1.38x
Fixed asset turnover4.27x
Inventory turnover4.13x
Inventory days88 days
Debtor days62 days
Debtors turnover5.92x
Creditor days21 days
Cash conversion cycle137 days
Working capital days106 days
Leverage
Total debtRs 22 Cr
Cash and bankRs 6 Cr
Net debtRs 17 Cr
Debt to equity0.05x
Net debt / EBITDA0.23x
Interest coverage26.98x
Owners' fund to total sources80.51%
Debt to assets4.00%
Cash flow
Cash from Operating Activity (latest year)Rs 21 Cr
Cash from Investing Activity (latest year)Rs -33 Cr
Cash from Financing Activity (latest year)Rs -8 Cr
Net Cash Flow (latest year)Rs -20 Cr
Free cash flow (latest year)Rs -6 Cr
FCFE (approx.: FCF + change in debt)Rs 12 Cr
Cash from ops / profit, 5 years0.92x
Sales to cash flow36.00x
Statement figures
Net sales (TTM)Rs 811 Cr
Net sales (latest year)Rs 768 Cr
Sales (latest quarter)Rs 222 Cr
Operating profit excl. other income (latest year)Rs 53 Cr
Operating profit (latest quarter)Rs 22 Cr
Other income (TTM)Rs 13 Cr
EBITDA (TTM)Rs 74 Cr
PBDT (TTM)Rs 72 Cr
Profit before tax (TTM)Rs 57 Cr
Tax (latest year)Rs 12 Cr
Net profit (TTM)Rs 43 Cr
Net profit (latest year)Rs 37 Cr
Net profit (latest quarter)Rs 15 Cr
Depreciation (TTM)Rs 15 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 636 Cr
Total expenditure (latest year)Rs 715 Cr
Total income (latest year)Rs 781 Cr
Share capitalRs 13 Cr
ReservesRs 436 Cr
Shareholders' fundsRs 449 Cr
Total assetsRs 558 Cr
Net blockRs 180 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 56 Cr
ReceivablesRs 130 Cr
InventoryRs 154 Cr
Other liabilitiesRs 86 Cr
Shares outstanding (crore)2.60
Ownership
Promoter holding62.82% (-0.03 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 11.8 is at the 7th percentile of its own 9.4-year range (median 16.2, low 9.4, high 30.4).
P/B 1.12 is at the 14th percentile (median 1.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPLASTIBLENNifty 50Difference
1 week+2.1%-2.8% +4.8 pts
1 month+4.3%-6.8% +11.1 pts
3 months+10.0%-7.6% +17.6 pts
6 months+59.3%+0.4% +58.9 pts
1 year+1.8%-9.9% +11.7 pts
2 years-37.8%-13.6% -24.3 pts
3 years-18.2%+14.2% -32.4 pts
5 years-29.2%+27.9% -57.1 pts

Red flags

F-score 4 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹222 Cr +11.0% vs Jun 2025. Net profit ₹15 Cr +66.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-17Dividend - Rs 3 Per Share
2025-07-08Dividend - Rs 2.50 Per Share
2024-07-23Dividend - Rs 4.25 Per Share
2024-07-23Annual General Meeting
2023-06-23Annual General Meeting/Dividend - Rs Per Share
2022-06-17Annual General Meeting/Dividend - Rs 4 Per Share
2021-07-16 Annual General Meeting/Dividend - Rs 4 Per Share
2020-09-22 Annual General Meeting
2020-03-05 Interim Dividend - Rs 3.75 Per Share
2019-07-18 Annual General Meeting/Dividend - Rs 2.75 Per Share
2018-08-02 Annual General Meeting/Dividend- Rs 2.50 Per Share
2017-07-03 Bonus 1:10.5000
2017-05-26 Annual General Meeting/Dividend - Rs 2.50 Per Share
2016-07-13 Annual General Meeting
2016-03-16 Interim Dividend Rs 5.75/- + Special Dividend - Rs 1.25/- Per Share (Purpose Revised)
2015-08-17 Annual General Meeting/ Dividend - Rs 5.50/- Per Share
2014-08-28Annual General Meeting / Dividend - Rs 5/- Per Share
2013-08-16Annual General Meeting/Dividend Rs 3.50/- Per Share
2012-02-29Face Value Split From Rs.10/- To Rs.5/-0.5000
2011-08-18Annual General Meeting And Dividend Rs.7/- Per Share
2010-07-30Annual General Meeting And Dividend Rs.6/- Per Share
2009-07-28Agm/Div-Rs.7/- Per Share
2008-07-04Agm/Dividend-70%
2007-08-08Agm/Dividend-65%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03