MarketFriction

TPL Plastech Ltd

NSE TPLPLASTEH · BSE 526582 · Packaging
₹68.89 -3.16%
NSE close2026-10-01
52 week range50.01 - 90.33
Market cap₹504 Cr.
P/E16.7
Price band 20% Delivery 31.1%

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
Sales78.4282.6682.7377.1688.9591.0492.1890.40106.87111.22114.07124.38
Expenses69.6972.7372.9768.5979.2280.0880.8580.3995.0097.70101.20113.06
Operating Profit8.739.939.768.579.7310.9611.3310.0111.8713.5212.8711.32
OPM %11.13%12.01%11.80%11.11%10.94%12.04%12.29%11.07%11.11%12.16%11.28%9.10%
Other Income0.010.000.470.010.020.020.020.020.020.020.060.02
Interest1.451.411.321.181.181.221.461.311.311.291.241.22
Depreciation1.571.361.201.381.421.341.341.411.431.541.561.56
Profit before tax5.727.167.716.027.158.428.557.319.1510.7110.138.56
Tax %25.52%17.88%21.14%25.58%25.03%17.58%20.12%25.17%25.14%18.86%20.43%23.48%
Net Profit4.265.886.074.485.366.936.835.476.858.698.066.54
EPS in Rs0.550.750.780.570.690.890.880.700.881.111.030.84
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales178180192219209170229271313349423457
Expenses157158168194185150202241277309374407
Operating Profit212224252420273036414850
OPM %12%12%13%12%11%12%12%11%12%12%11%11%
Other Income000100010000
Interest545665555555
Depreciation333444456566
Profit before tax141517161511182025303739
Tax %37%23%26%28%28%28%25%22%22%22%22%
Net Profit9111211118131620242930
EPS in Rs1.101.451.591.461.361.031.712.062.543.033.733.86
Dividend Payout %23%21%22%24%26%34%23%29%31%33%35%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%20%16%26%
Compounded Profit Growth13%29%24%23%
Stock Price CAGR5%11%15%-9%
Return on Equity15%16%17%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital88888881616161616
Reserves3645546372798487100115132153
Borrowings422437565839292044314619
Other Liabilities375450656468708465715268
Total Liabilities123130148192202194190207224232245256
Fixed Assets454951666361586056849390
CWIP0164777924136
Investments000111000001
Other Assets788091121132124124138144147149159
Total Assets123130148192202194190207224232245256
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity933369312123-22916
Cash from Investing Activity-1-8-10-17-3-3-4-4-10-6-22
Cash from Financing Activity-8-25612-7-28-19-1912-246
Net Cash Flow00-01-00-2-0-000
Free Cash Flow825-6-106281719-1224-6
CFO/OP60%169%30%37%50%147%111%103%14%98%57%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days718988908678938073646254
Inventory Days6457791291211241501161011038174
Days Payable6510610113210712315714385834957
Cash Conversion Cycle6940668710079865389839571
Working Capital Days161030363444726979726265
ROCE %19%23%22%19%17%15%13%18%17%19%20%22%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.86%74.86%74.86%74.86%74.86%74.86%74.86%74.86%74.86%74.86%74.86%74.86%
FIIs0.00%0.00%0.01%0.12%0.26%0.03%0.00%0.02%0.00%0.45%0.50%0.47%
DIIs0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.04%0.04%
Public25.07%25.06%25.04%24.94%24.80%25.02%25.05%25.04%25.06%24.62%24.60%24.63%
No. of Shareholders12,07313,80018,50421,93533,55933,74533,58532,90331,82930,56629,63029,037

Fundamentals

Market Cap₹ 504 Cr.
Current Price₹ 65.3
Stock P/E16.7
Book Value₹ 21.6
ROCE22.3 %
ROE18.4 %
Dividend Yield1.99 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)26%
Compounded Profit Growth (TTM)23%
Standalone figures.
Valuation
Market capRs 532 Cr
Enterprise valueRs 545 Cr
P/E (TTM)17.64x
Price to book3.15x
Price to sales1.16x
EV / EBITDA10.97x
EV / EBIT12.50x
EV / sales1.19x
Earnings yield5.67%
Dividend yield1.91%
P/E, 3-year average24.57x
P/B, 3-year average3.84x
P/E, 5-year average16.45x
P/B, 5-year average2.49x
Profitability
Operating margin (excl. other income)11.43%
Operating margin (incl. other income)11.45%
EBITDA margin10.89%
Pre-tax margin8.44%
Net profit margin6.60%
Net margin, latest quarter5.26%
ROE18.37%
ROCE22.28%
ROA11.60%
ROE, 3-year average17.17%
ROCE, 3-year average20.48%
ROA, 3-year average10.06%
ROE, 5-year average15.98%
ROCE, 5-year average19.57%
ROA, 5-year average8.87%
ROIC (approx.)18.66%
Tax rate22.06%
Other income / net worth0.07%
Growth
Sales growth (latest year)20.96%
Profit growth (latest year)23.18%
Sales CAGR, 3 years16.02%
Sales CAGR, 5 years19.91%
Profit CAGR, 3 years21.95%
Profit CAGR, 5 years29.41%
Sales growth QoQ9.04%
Profit growth QoQ-18.86%
Sales growth YoY (latest quarter)37.59%
Profit growth YoY (latest quarter)19.56%
Per share
EPS (TTM)Rs 3.90
EPS (latest quarter)Rs 0.85
EPS, 3-year averageRs 2.79
EPS, 5-year averageRs 4.04
Book value per shareRs 21.88
Sales per shareRs 59.14
Free cash flow per shareRs -0.78
Dividend per share, 3-year averageRs 0.90
Dividend per share, 5-year averageRs 1.10
Dividends
Dividend payout34.88%
Dividend payout, 3-year average33.12%
Dividend payout, 5-year average30.40%
Efficiency
Asset turnover1.65x
Fixed asset turnover4.71x
Inventory turnover4.96x
Inventory days74 days
Debtor days54 days
Debtors turnover6.75x
Creditor days57 days
Cash conversion cycle71 days
Working capital days65 days
Leverage
Total debtRs 19 Cr
Cash and bankRs 6 Cr
Net debtRs 13 Cr
Debt to equity0.11x
Net debt / EBITDA0.27x
Interest coverage8.62x
Current ratio (filing 2026-03-31)1.98x
Quick ratio (filing 2026-03-31)1.08x
Trade payables (filing 2026-03-31)Rs 52 Cr
Owners' fund to total sources65.97%
Debt to assets7.39%
Cash flow
Free cash flow (latest year)Rs -6 Cr
FCFE (approx.: FCF + change in debt)Rs -33 Cr
Cash from ops / profit, 5 years1.07x
Statement figures
Net sales (TTM)Rs 457 Cr
Net sales (latest year)Rs 423 Cr
Sales (latest quarter)Rs 124 Cr
Operating profit excl. other income (latest year)Rs 48 Cr
Operating profit (latest quarter)Rs 11 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 50 Cr
PBDT (TTM)Rs 45 Cr
Profit before tax (TTM)Rs 39 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 30 Cr
Net profit (latest year)Rs 29 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 339 Cr
Total expenditure (latest year)Rs 374 Cr
Total income (latest year)Rs 423 Cr
Share capitalRs 16 Cr
ReservesRs 153 Cr
Shareholders' fundsRs 169 Cr
Total assetsRs 256 Cr
Net blockRs 90 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 1 Cr
ReceivablesRs 63 Cr
InventoryRs 68 Cr
Other liabilitiesRs 68 Cr
Shares outstanding (crore)7.72
Ownership
Promoter holding74.86% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 17.8 is at the 33th percentile of its own 9.4-year range (median 20.3, low 4.3, high 51.0).
P/B 3.18 is at the 55th percentile (median 2.82).
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.
PeriodTPLPLASTEHNifty 50Difference
1 week+5.9%-2.8% +8.7 pts
1 month-4.4%-6.8% +2.4 pts
3 months-21.0%-7.6% -13.3 pts
6 months+33.8%+0.4% +33.4 pts
1 year-6.3%-9.9% +3.6 pts
2 years-38.6%-13.6% -25.1 pts
3 years+62.3%+14.2% +48.1 pts
5 years+80.4%+27.9% +52.5 pts

Red flags

F-score 5 of 6
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 ₹124 Cr +37.6% vs Jun 2025. Net profit ₹7 Cr +19.6%.
Against our estimate for Jun 2026: sales +11.9%, profit -12.7% big miss. Our estimate for Sep 2026: sales Rs 140 Cr, profit Rs 9 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-15Dividend - Rs 1.30 Per Share
2025-09-02Dividend - Re 1 Per Share
2024-09-17Annual General Meeting/Dividend - Re 0.80 Per Share
2023-09-14Annual General Meeting/Dividend - Re 0.60 Per Share
2022-10-19Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2022-09-20Annual General Meeting/Dividend - Rs 2 Per Share
2021-09-16 Bonus 1:10.5000
2021-09-01 Annual General Meeting/Dividend - Rs 3.50 Per Share
2020-09-21 Annual General Meeting/Dividend - Rs 3.50 Per Share
2019-09-19 Annual General Meeting/Dividend - Rs 3.50 Per Share
2018-09-12 Annual General Meeting/Dividend Rs 3.50 Per Share (Purpose Revised)
2017-09-21 Annual General Meeting/ Dividend - Rs 3.00 Per Share (Purpose Revised)
2016-09-21 Annual General Meeting/Dividend - Rs 2.50 Per Share
2015-09-16 Annual General Meeting/ Dividend - Rs 2/- Per Share
DateTypeWhat it says
2026-09-29Scheme of ArrangementThe approval of the scheme of amalgamation (merger by absorption) of the Company with TTL and their respective shareholders and creditors.
2026-09-29Board meeting outcomeOutcome of Board Meeting held on September 29, 2026.
2026-09-23Shareholder meetingVoting results.
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-09-22UpdatesChairman Speech delivered at the 33rd Annual General Meeting of the Company held on Tuesday, 22 September, 2026.
2026-09-04Record DateRecord date for the purpose of Dividend is 15-Sep-2026.
2026-08-29Shareholder meetingNotice of Annual General Meeting to be held on September 22, 2026
2026-08-26ResignationResignation of Director/KMP/SMP
2026-08-26ResignationResignation of Mr. Pawan Agarwal as Chief Financial Officer of the company w.e.f. September 30, 2026.
2026-08-26AppointmentAppointment of Mr. Sunil Vyas as Chief Financial Officer of the company w.e.f. October 01, 2026.
2026-08-26General UpdatesGeneral Updates
2026-08-26Board meeting outcomeOutcome of Board Meeting held on August 26, 2026.
2026-08-26Board meeting outcomeOutcome of Board Meeting held on August 26, 2026.
2026-08-20General UpdatesCommencement of Operations for manufacturing of Intermediate Bulk Containers (IBCs) at Bhuj, Gujarat.
2026-08-04Press ReleaseA press release dated August 04, 2026, titled "Unaudited Financial Results of the Company for the Quarter ended 30th June, 2026".
2026-08-04General UpdatesRe-constitution of the Audit Committee and Nomination and Remuneration Committee, with effect from 04th August, 2026.
2026-08-04AppointmentAppointment of Mr Pradip Kumar Das as Non- Executive Independent Director of the company w.e.f. August 04, 2026.
2026-08-04Board meeting outcomeOutcome of Board Meeting held on August 04, 2026.
2026-08-04Board meeting outcomeTPL Plastech Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-15Disclosure under SEBI TakeovTime Technoplast Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subs...
2026-05-26Press ReleaseA press release dated May 26, 2026, titled "Audited Financial Results of the Company for the Quarter and Financial Year ended 31st March, 2026".
2026-05-26DividendBoard of Directors at its meeting held on May 26, 2026, recommended Final Dividend of Rs. 1.30 per equity share.
2026-05-26Board meeting outcomeTPL Plastech Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-02-11Press ReleaseA press release dated February 11, 2026 for Unaudited Financial Results (Consolidated and Standalone) of the Company for the Quarter and Nine months e...
2026-02-11Board meeting outcomeTPL Plastech Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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.

Quick answers

What is the market cap of TPL Plastech Ltd?

TPL Plastech Ltd (TPLPLASTEH) has a market capitalisation of Rs 504 Cr. at the 2026-10-01 close.

What is the P/E ratio of TPL Plastech Ltd?

TPL Plastech Ltd trades at a P/E of 16.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were TPL Plastech Ltd's latest quarterly results?

In the Jun 2026 quarter, TPL Plastech Ltd sales was Rs 124 Cr (+37.6% vs Jun 2025) and net profit was Rs 7 Cr.

What is the 52-week high and low of TPL Plastech Ltd?

The 52-week high is Rs 90.33 and the 52-week low is Rs 50.01.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03