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PLAS

Plastiblends IndiaNSEI:PLASTIBLEN Stock Report

Market Cap

₹6.3b

7D

-6.1%

1Y

17.4%

Updated

26 Oct, 2021

Data

Company Financials
PLASTIBLEN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends4/6

PLASTIBLEN Overview

Plastiblends India Limited manufactures and sells color and additive masterbatches, and thermoplastic compounds for the plastic processing industry in India.

Price History & Performance

Summary of all time highs, changes and price drops for Plastiblends India
Historical stock prices
Current Share Price₹241.85
52 Week High₹198.35
52 Week Low₹306.00
Beta0.84
1 Month Change-12.25%
3 Month Change-5.25%
1 Year Change17.37%
3 Year Change18.09%
5 Year Change-9.05%
Change since IPO424.48%

Recent News & Updates

Shareholder Returns

PLASTIBLENIN ChemicalsIN Market
7D-6.1%-10.1%-4.6%
1Y17.4%63.2%61.7%

Return vs Industry: PLASTIBLEN underperformed the Indian Chemicals industry which returned 63.2% over the past year.

Return vs Market: PLASTIBLEN underperformed the Indian Market which returned 61.7% over the past year.

Price Volatility

Is PLASTIBLEN's price volatile compared to industry and market?
PLASTIBLEN volatility
PLASTIBLEN Beta0.84
Industry Beta0.65
Market Beta1

Stable Share Price: PLASTIBLEN is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: PLASTIBLEN's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991479Satyanarayan Gopilal Kabrahttps://www.plastiblends.com

Plastiblends India Limited manufactures and sells color and additive masterbatches, and thermoplastic compounds for the plastic processing industry in India. The company’s products include white, black, color, additive, filler, and PET masterbatches, as well as conductive compounds. It serves the agriculture, appliance, automotive and transportation, healthcare and pharma, packaging, textiles, and wire and cable markets, as well as electrical, electronics, and telecommunication markets.

Plastiblends India Fundamentals Summary

How do Plastiblends India's earnings and revenue compare to its market cap?
PLASTIBLEN fundamental statistics
Market Cap₹6.29b
Earnings (TTM)₹357.42m
Revenue (TTM)₹6.56b

17.6x

P/E Ratio

1.0x

P/S Ratio

Is PLASTIBLEN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PLASTIBLEN income statement (TTM)
Revenue₹6.56b
Cost of Revenue₹4.79b
Gross Profit₹1.77b
Expenses₹1.42b
Earnings₹357.42m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)13.75
Gross Margin27.02%
Net Profit Margin5.45%
Debt/Equity Ratio9.2%

How did PLASTIBLEN perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is Plastiblends India undervalued compared to its fair value and its price relative to the market?

17.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PLASTIBLEN (₹241.85) is trading above our estimate of fair value (₹56.89)

Significantly Below Fair Value: PLASTIBLEN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PLASTIBLEN is good value based on its PE Ratio (17.6x) compared to the Indian Chemicals industry average (18.1x).

PE vs Market: PLASTIBLEN is good value based on its PE Ratio (17.6x) compared to the Indian market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PLASTIBLEN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PLASTIBLEN is good value based on its PB Ratio (1.9x) compared to the IN Chemicals industry average (2.3x).


Future Growth

How is Plastiblends India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Plastiblends India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Plastiblends India performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLASTIBLEN has high quality earnings.

Growing Profit Margin: PLASTIBLEN's current net profit margins (5.4%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: PLASTIBLEN's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: PLASTIBLEN's earnings growth over the past year (18.3%) exceeds its 5-year average (3.8% per year).

Earnings vs Industry: PLASTIBLEN earnings growth over the past year (18.3%) underperformed the Chemicals industry 45.2%.


Return on Equity

High ROE: PLASTIBLEN's Return on Equity (10.6%) is considered low.


Financial Health

How is Plastiblends India's financial position?


Financial Position Analysis

Short Term Liabilities: PLASTIBLEN's short term assets (₹2.5B) exceed its short term liabilities (₹820.8M).

Long Term Liabilities: PLASTIBLEN's short term assets (₹2.5B) exceed its long term liabilities (₹355.4M).


Debt to Equity History and Analysis

Debt Level: PLASTIBLEN's debt to equity ratio (9.2%) is considered satisfactory.

Reducing Debt: PLASTIBLEN's debt to equity ratio has reduced from 46.6% to 9.2% over the past 5 years.

Debt Coverage: PLASTIBLEN's debt is well covered by operating cash flow (31.5%).

Interest Coverage: PLASTIBLEN's interest payments on its debt are well covered by EBIT (19.4x coverage).


Balance Sheet


Dividend

What is Plastiblends India current dividend yield, its reliability and sustainability?

1.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PLASTIBLEN's dividend (1.65%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: PLASTIBLEN's dividend (1.65%) is in the top 25% of dividend payers in the Indian market (1.42%)


Stability and Growth of Payments

Stable Dividend: PLASTIBLEN's dividend payments have been volatile in the past 10 years.

Growing Dividend: PLASTIBLEN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.1%), PLASTIBLEN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.2yrs

Average management tenure


CEO

Satyanarayan Gopilal Kabra (77 yo)

3.17yrs

Tenure

₹8,911,000

Compensation

Shri. Satyanarayan Gopilal N. Kabra is the Co-Founder of Kabra Extrusiontechnik Limited and had been its Managing Director since July 1, 2008. He serves as the Managing Director of Plastiblends India Limit...


CEO Compensation Analysis

Compensation vs Market: Satyanarayan Gopilal's total compensation ($USD118.76K) is above average for companies of similar size in the Indian market ($USD38.99K).

Compensation vs Earnings: Satyanarayan Gopilal's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PLASTIBLEN's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: PLASTIBLEN's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PLASTIBLEN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Plastiblends India Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Plastiblends India Limited
  • Ticker: PLASTIBLEN
  • Exchange: NSEI
  • Founded: 1991
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: ₹6.289b
  • Shares outstanding: 25.99m
  • Website: https://www.plastiblends.com

Number of Employees


Location

  • Plastiblends India Limited
  • Fortune Terraces, A-Wing
  • 10th Floor
  • Mumbai
  • Maharashtra
  • 400053
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:20
End of Day Share Price2021/10/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.