Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹25.27 (vs ₹27.81 in FY 2025) Full year 2026 results: EPS: ₹25.27. Revenue: ₹2.25b (up 78% from FY 2025). Net income: ₹120.1m (up 42% from FY 2025). Profit margin: 5.3% (down from 6.7% in FY 2025). The decrease in margin was driven by higher expenses. Duyuru • May 15
Ecoplast Limited to Report Q4, 2026 Results on May 29, 2026 Ecoplast Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 29, 2026 New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹1.51b market cap, or US$16.2m). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹509, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 531% over the past three years. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹4.07 (vs ₹7.08 in 3Q 2025) Third quarter 2026 results: EPS: ₹4.07 (down from ₹7.08 in 3Q 2025). Revenue: ₹360.7m (up 8.0% from 3Q 2025). Net income: ₹14.1m (down 34% from 3Q 2025). Profit margin: 3.9% (down from 6.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 09
Ecoplast Limited to Report Q3, 2026 Results on Feb 06, 2026 Ecoplast Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹5.86 (vs ₹5.85 in 2Q 2025) Second quarter 2026 results: EPS: ₹5.86 (up from ₹5.85 in 2Q 2025). Revenue: ₹364.5m (up 20% from 2Q 2025). Net income: ₹20.2m (up 15% from 2Q 2025). Profit margin: 5.6% (down from 5.8% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 11
Ecoplast Limited to Report Q2, 2026 Results on Nov 07, 2025 Ecoplast Limited announced that they will report Q2, 2026 results on Nov 07, 2025 New Risk • Sep 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (₹1.78b market cap, or US$20.2m). New Risk • Aug 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Market cap is less than US$100m (₹1.66b market cap, or US$19.1m). Duyuru • Aug 13
Ecoplast Limited Approves the Appointment of Priyal Saurabh Vora as A Director and an Independent Director Ecoplast Limited at its AGM, held on August 12, 2025, approved the appointment of Ms. Priyal Saurabh Vora (DIN: 09374896) as a Director and an Independent Director of the Company. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹6.02 (vs ₹8.59 in 1Q 2025) First quarter 2026 results: EPS: ₹6.02 (down from ₹8.59 in 1Q 2025). Revenue: ₹352.8m (up 16% from 1Q 2025). Net income: ₹20.8m (down 19% from 1Q 2025). Profit margin: 5.9% (down from 8.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 14
Ecoplast Limited to Report Q1, 2026 Results on Aug 08, 2025 Ecoplast Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • Jul 11
Full year 2025 earnings released: EPS: ₹27.81 (vs ₹30.58 in FY 2024) Full year 2025 results: EPS: ₹27.81 (down from ₹30.58 in FY 2024). Revenue: ₹1.27b (up 12% from FY 2024). Net income: ₹84.6m (down 7.8% from FY 2024). Profit margin: 6.7% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 09
Ecoplast Limited, Annual General Meeting, Aug 12, 2025 Ecoplast Limited, Annual General Meeting, Aug 12, 2025, at 15:30 Indian Standard Time. Location: shantivan resort, atul-valsad rd., vashiyar, valsad, gujarat - 396001, India New Risk • Jul 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (₹2.27b market cap, or US$26.6m). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹657, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 734% over the past three years. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹27.81 (vs ₹30.58 in FY 2024) Full year 2025 results: EPS: ₹27.81 (down from ₹30.58 in FY 2024). Revenue: ₹1.29b (up 14% from FY 2024). Net income: ₹84.6m (down 7.8% from FY 2024). Profit margin: 6.5% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (₹2.01b market cap, or US$23.7m). Duyuru • May 01
Ecoplast Limited to Report Q4, 2025 Results on May 27, 2025 Ecoplast Limited announced that they will report Q4, 2025 results on May 27, 2025 New Risk • Apr 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (₹2.48b market cap, or US$28.9m). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹697, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 24x in the Chemicals industry in India. Total returns to shareholders of 631% over the past three years. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹7.08 (vs ₹6.15 in 3Q 2024) Third quarter 2025 results: EPS: ₹7.08 (up from ₹6.15 in 3Q 2024). Revenue: ₹338.3m (up 19% from 3Q 2024). Net income: ₹21.2m (up 15% from 3Q 2024). Profit margin: 6.3% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 07
Ecoplast Limited to Report Q3, 2025 Results on Feb 12, 2025 Ecoplast Limited announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹1.99b market cap, or US$23.1m). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹693, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 33x in the Chemicals industry in India. Total returns to shareholders of 878% over the past three years. Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: ₹5.85 (vs ₹9.36 in 2Q 2024) Second quarter 2025 results: EPS: ₹5.85 (down from ₹9.36 in 2Q 2024). Revenue: ₹307.7m (up 2.7% from 2Q 2024). Net income: ₹17.5m (down 38% from 2Q 2024). Profit margin: 5.7% (down from 9.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 95% per year whereas the company’s share price has increased by 92% per year. Duyuru • Oct 21
Ecoplast Limited to Report Q2, 2025 Results on Oct 29, 2024 Ecoplast Limited announced that they will report Q2, 2025 results on Oct 29, 2024 Duyuru • Sep 20
Ecoplast Limited Announces Cessation of Mukul Bharatkumar Desai as Independent Director and Chairman Ecoplast Limited announced that Mukul Bharatkumar Desai (DIN-00015126) has ceased to be an Independent Director and Chairman of the Board and the Company with effect from the close
of business hours on September 19, 2024, consequent to completion of his second term of five years as an Independent Director. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹8.59 (vs ₹5.93 in 1Q 2024) First quarter 2025 results: EPS: ₹8.59 (up from ₹5.93 in 1Q 2024). Revenue: ₹314.6m (up 24% from 1Q 2024). Net income: ₹25.8m (up 45% from 1Q 2024). Profit margin: 8.2% (up from 7.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 86% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 01
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 08 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹562, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 435% over the past three years. Duyuru • Jul 16
Ecoplast Limited to Report Q1, 2025 Results on Aug 09, 2024 Ecoplast Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₹517, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 34x in the Chemicals industry in India. Total returns to shareholders of 403% over the past three years. Duyuru • Jul 04
Ecoplast Limited, Annual General Meeting, Aug 16, 2024 Ecoplast Limited, Annual General Meeting, Aug 16, 2024. Reported Earnings • May 23
Full year 2024 earnings released: EPS: ₹30.58 (vs ₹14.82 in FY 2023) Full year 2024 results: EPS: ₹30.58 (up from ₹14.82 in FY 2023). Revenue: ₹1.15b (up 20% from FY 2023). Net income: ₹91.7m (up 106% from FY 2023). Profit margin: 7.9% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Duyuru • May 08
Ecoplast Limited to Report Q4, 2024 Results on May 22, 2024 Ecoplast Limited announced that they will report Q4, 2024 results on May 22, 2024 Buy Or Sell Opportunity • Mar 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ₹294. The fair value is estimated to be ₹373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 102%. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹306, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 27x in the Chemicals industry in India. Total returns to shareholders of 325% over the past three years. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. COO and Additional Whole Time Director Atul Jai Baijal was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹6.15 (vs ₹3.01 in 3Q 2023) Third quarter 2024 results: EPS: ₹6.15 (up from ₹3.01 in 3Q 2023). Revenue: ₹288.3m (up 24% from 3Q 2023). Net income: ₹18.5m (up 104% from 3Q 2023). Profit margin: 6.4% (up from 3.9% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 27
Ecoplast Limited to Report Nine Months, 2024 Results on Feb 07, 2024 Ecoplast Limited announced that they will report nine months, 2024 results on Feb 07, 2024 Buy Or Sell Opportunity • Jan 24
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 99% to ₹367. The fair value is estimated to be ₹299, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 89%. New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹787.7m market cap, or US$9.45m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹266, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 230% over the past three years. Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹9.36 (vs ₹1.81 in 2Q 2023) Second quarter 2024 results: EPS: ₹9.36 (up from ₹1.81 in 2Q 2023). Revenue: ₹303.1m (up 52% from 2Q 2023). Net income: ₹28.1m (up 418% from 2Q 2023). Profit margin: 9.3% (up from 2.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 04
Ecoplast Limited Announces Executive Changes Board of Directors of Ecoplast Limited, at their meeting held and resignation of Mr. Vaibhav Kumar Totla from the post of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company and relived him early with effect from close of business hours on November 3, 2023. Approved the Appointment of Mr. Setu Rushi Parikh as Chief Financial Officer of the Company with effect from November 4, 2023. He is a Chartered Accountant by Qualification with a Master's degree in Commerce. He has over 12 years of work experience in several areas including business management, treasury management, Taxations, Finalization of financial statements andsystem development. He comes with rich experience spread across industries such as plastics, power, logistics, manufacturing, project capitalization and FMCG. Duyuru • Oct 25
Ecoplast Limited to Report Q2, 2024 Results on Nov 03, 2023 Ecoplast Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Duyuru • Sep 08
Ecoplast Limited Announces Resignation of Mr. Vaibhav Kumar Totla as Chief Financial Officer, with Effect from November 30, 2023 Ecoplast Limited informed that Mr. Vaibhav Kumar Totla vide his letter dated 1st September 2023 has expressed his desire to resign from the Post of Chief Financial Officer (CFO) and KMP of the Company to pursue other opportunities. As per his terms of appointment as amended up to date, the company has accepted his resignation with effect from 30th November, 2023. Upcoming Dividend • Aug 18
Upcoming dividend of ₹1.50 per share at 1.0% yield Eligible shareholders must have bought the stock before 25 August 2023. Payment date: 02 October 2023. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.9%). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹5.93 (vs ₹1.02 loss in 1Q 2023) First quarter 2024 results: EPS: ₹5.93 (up from ₹1.02 loss in 1Q 2023). Revenue: ₹260.2m (flat on 1Q 2023). Net income: ₹17.8m (up ₹20.8m from 1Q 2023). Profit margin: 6.8% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 28
Ecoplast Limited, Annual General Meeting, Sep 02, 2023 Ecoplast Limited, Annual General Meeting, Sep 02, 2023, at 12:00 Indian Standard Time. Location: Shantivan Resort', Atul-Valsad Road Vashiyar Valsad Gujarat India Agenda: To consider the Audited Financial Statements of the Company for the financial year ended 31 March 2023, together with the Reports of the Board of Directors and the Auditors thereon; to consider the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March 2023, together with the Report of the Auditors thereon; to declare dividend on equity shares for the financial year ended 31 March, 2023; and to consider to appoint a director in place of Charulata Patel who retires by rotation and, being eligible, offers herself for re-appointment. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹158, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 91% over the past three years. Duyuru • Jul 25
Ecoplast Limited to Report Q1, 2024 Results on Aug 10, 2023 Ecoplast Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Duyuru • Jul 07
Ecoplast Limited Recommends Dividend, Payable on or After September 15, 2023 The Board of Directors of Ecoplast Limited at its meeting held on 25th May, 2023 had recommended dividend of INR 1.50 per Equity Share of INR 10 each of the Company for approval by the shareholders at theAGM scheduled to be held on 2nd September, 2023. Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and the Share Transfer books of the Company will remain closed from 26th August, 2023 to 2nd September, 2023 (both days inclusive). The Company has fixed 25th August, 2023 as the "Record Date" for determining entitlement of Members to dividend for the financial year ended 31st March, 2023. If the dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be made on or after 15th September, 2023 as under: a) To all Beneficial Owners in respect of shares held in dematerialized form as per the data as may be made available by the National Securities Depository Limited and the Central Depository Services (India) Limited as of the close of business hours on 25th August, 2023; b) To all Members in respect of shares held in physical form after giving effect to valid transmission or transposition requests lodged with the Company as of the close of business hours on 25th August, 2023. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹141, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 85% over the past three years. New Risk • Jun 12
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (₹348.3m market cap, or US$4.23m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹14.82 (vs ₹5.83 loss in FY 2022) Full year 2023 results: EPS: ₹14.82 (up from ₹5.83 loss in FY 2022). Revenue: ₹1.00b (up 6.3% from FY 2022). Net income: ₹44.5m (up ₹61.9m from FY 2022). Profit margin: 4.4% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹107, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 47% over the past three years. Duyuru • May 06
Ecoplast Limited to Report Q4, 2023 Results on May 25, 2023 Ecoplast Limited announced that they will report Q4, 2023 results on May 25, 2023 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹88.15, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 5.4% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹84.70, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 2.5% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹3.01 (vs ₹1.76 in 3Q 2022) Third quarter 2023 results: EPS: ₹3.01 (up from ₹1.76 in 3Q 2022). Revenue: ₹235.0m (down 1.7% from 3Q 2022). Net income: ₹9.03m (up 71% from 3Q 2022). Profit margin: 3.8% (up from 2.2% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Duyuru • Jan 29
Ecoplast Limited to Report Q3, 2023 Results on Feb 13, 2023 Ecoplast Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹1.81 (vs ₹4.42 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹1.81 (up from ₹4.42 loss in 2Q 2022). Revenue: ₹210.4m (down 13% from 2Q 2022). Net income: ₹5.42m (up ₹18.7m from 2Q 2022). Profit margin: 2.6% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: ₹1.81 (vs ₹4.42 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹1.81 (up from ₹4.42 loss in 2Q 2022). Revenue: ₹210.4m (down 13% from 2Q 2022). Net income: ₹5.42m (up ₹18.7m from 2Q 2022). Profit margin: 2.6% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Duyuru • Nov 02
Ecoplast Limited to Report Q2, 2023 Results on Nov 10, 2022 Ecoplast Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Duyuru • Aug 19
Ecoplast Limited, Annual General Meeting, Sep 24, 2022 Ecoplast Limited, Annual General Meeting, Sep 24, 2022, at 12:00 Indian Standard Time. Location: Shantivan Resort, Atul-Valsad Road, Vashiyar, Valsad Gujarat India Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March 2022, together with the Reports of the Board of Directors and the Auditors thereon; to consider the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2022, together with the Report of the Auditors thereon; to appoint a director 1n place of Mr. Atul Baijal (DIN: 09046341) who retires by rotation and, being eligible, offers himself for re-appointment; to re-appoint the Statutory Auditors and fix their remuneration; and to consider other matters. Reported Earnings • Aug 16
First quarter 2023 earnings released: ₹1.02 loss per share (vs ₹4.16 loss in 1Q 2022) First quarter 2023 results: ₹1.02 loss per share (up from ₹4.16 loss in 1Q 2022). Revenue: ₹261.3m (up 30% from 1Q 2022). Net loss: ₹3.06m (loss narrowed 76% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Duyuru • Jul 28
Ecoplast Limited to Report Q1, 2023 Results on Aug 10, 2022 Ecoplast Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 30
Full year 2022 earnings released: ₹5.83 loss per share (vs ₹0.68 profit in FY 2021) Full year 2022 results: ₹5.83 loss per share (down from ₹0.68 profit in FY 2021). Revenue: ₹950.1m (up 26% from FY 2021). Net loss: ₹17.5m (down ₹19.5m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Duyuru • May 17
Ecoplast Limited to Report Q4, 2022 Results on May 27, 2022 Ecoplast Limited announced that they will report Q4, 2022 results on May 27, 2022 Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.76 (up from ₹1.50 in 3Q 2021). Revenue: ₹239.1m (up 14% from 3Q 2021). Net income: ₹5.29m (up 17% from 3Q 2021). Profit margin: 2.2% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Full year 2021 earnings released: EPS ₹0.68 (vs ₹11.77 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹756.6m (down 23% from FY 2020). Net income: ₹2.03m (down 94% from FY 2020). Profit margin: 0.3% (down from 3.6% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS ₹0.68 (vs ₹11.77 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹764.9m (down 23% from FY 2020). Net income: ₹2.03m (down 94% from FY 2020). Profit margin: 0.3% (down from 3.6% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 25% share price gain to ₹91.10, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 19x in the Chemicals industry in India. Total loss to shareholders of 40% over the past three years. Is New 90 Day High Low • Mar 01
New 90-day low: ₹72.35 The company is down 9.0% from its price of ₹79.70 on 01 December 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹1.50 (vs ₹0.95 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹210.2m (down 15% from 3Q 2020). Net income: ₹4.51m (up ₹7.35m from 3Q 2020). Profit margin: 2.1% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Duyuru • Feb 13
Ecoplast Limited Appoints Atul Baijal as Additional Director and Whole Time Director The Board of directors of Ecoplast Limited at the meeting held on February 11, 2021, has approved the appointment of Mr. Atul Baijal, current COO of the Company as the Additional Director and Whole Time Director of the Company with effect from February 11, 2021. Duyuru • Feb 03
Ecoplast Limited to Report Q3, 2021 Results on Feb 11, 2021 Ecoplast Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Jan 19
New 90-day low: ₹75.15 The company is down 4.0% from its price of ₹77.90 on 21 October 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: ₹76.00 The company is down 7.0% from its price of ₹82.00 on 22 September 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period. Is New 90 Day High Low • Nov 04
New 90-day low: ₹76.60 The company is down 19% from its price of ₹95.00 on 06 August 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period. Duyuru • Nov 01
Ecoplast Limited to Report Q2, 2021 Results on Nov 11, 2020 Ecoplast Limited announced that they will report Q2, 2021 results on Nov 11, 2020 Is New 90 Day High Low • Oct 13
New 90-day low: ₹78.90 The company is down 5.0% from its price of ₹83.00 on 15 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. Duyuru • Aug 04
Ecoplast Limited to Report Q1, 2021 Results on Aug 11, 2020 Ecoplast Limited announced that they will report Q1, 2021 results on Aug 11, 2020 Duyuru • Jun 20
Ecoplast Limited to Report Fiscal Year 2020 Results on Jun 29, 2020 Ecoplast Limited announced that they will report fiscal year 2020 results on Jun 29, 2020