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Last Updated: April 2, 2026, 4:31 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 526703 | NSE: ECOPLAST

Ecoplast Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹524.65Undervalued by 24.32%vs CMP ₹422.00

P/E (19.4) × ROE (14.6%) × BV (₹227.00) × DY (2.00%)

₹458.29Fairly Valued by 8.60%vs CMP ₹422.00
MoS: +7.9% (Thin)Confidence: 58/100 (Moderate)Models: 2 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,026.2823%Under (+143.2%)
Graham NumberEarnings₹333.2217%Over (-21%)
Earnings PowerEarnings₹171.9811%Over (-59.2%)
DCFCash Flow₹558.6411%Under (+32.4%)
Net Asset ValueAssets₹225.457%Over (-46.6%)
EV/EBITDAEnterprise₹338.189%Over (-19.9%)
Earnings YieldEarnings₹217.407%Over (-48.5%)
ROCE CapitalReturns₹73.557%Over (-82.6%)
Revenue MultipleRevenue₹183.546%Over (-56.5%)
Consensus (9 models)₹458.29100%Fairly Valued
Key Drivers: EPS CAGR 95.6% lifts DCF — verify sustainability. | Wide model spread (₹74–₹1,026) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 95.6%

*Investments are subject to market risks

Investment Snapshot

67
Ecoplast Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health79/100 · Strong
ROCE 20.2% ExcellentROE 14.6% GoodD/E 0.17 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
Promoter holding at 64.8% Stable
Earnings Quality65/100 · Strong
OPM expanding (4% → 11%) Improving
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +12% YoY GrowingProfit (4Q): -18% YoY Declining
Industry Rank80/100 · Strong
P/E 19.4 vs industry 39.6 Cheaper than peersROCE 20.2% vs industry 12.8% Above peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Ecoplast Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 19.4 vs Ind 39.6 | ROCE 20.2% | ROE 14.6% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.17x | IntCov 0.0x | Current 2.41x | Borrow/Reserve 0.04x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹8 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
-42
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +1.0% | Q NP -30.2% | Q OPM -1.7 pp
Derived FieldValueHow it is derived
Valuation Gap %+8.6%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.04xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-131Latest shareholder count minus previous count
Quarterly Sales Change+1.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-30.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.7 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:31 am

Market Cap 146 Cr.
Current Price 422
Intrinsic Value₹458.29
High / Low 774/392
Stock P/E19.4
Book Value 227
Dividend Yield0.00 %
ROCE20.2 %
ROE14.6 %
Face Value 10.0
PEG Ratio0.20

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ecoplast Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ecoplast Ltd 146 Cr. 422 774/39219.4 2270.00 %20.2 %14.6 % 10.0
Emmbi Industries Ltd 128 Cr. 66.8 127/60.115.9 1020.45 %8.04 %3.72 % 10.0
Bilcare Ltd 127 Cr. 54.0 116/50.0 1930.00 %1.10 %5.58 % 10.0
CDG Petchem Ltd 106 Cr. 115 176/45.4221 0.710.00 %5.10 %351 % 10.0
Hitech Corporation Ltd 218 Cr. 127 235/11248.7 1590.79 %6.86 %2.61 % 10.0
Industry Average1,921.04 Cr295.8439.62189.000.36%12.76%24.70%7.38

All Competitor Stocks of Ecoplast Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 23.2926.8525.4329.9528.4029.6630.4030.3533.3932.4534.3335.7336.07
Expenses 21.5923.7122.8326.0825.6125.9627.4527.7330.0129.1431.4432.5533.47
Operating Profit 1.703.142.603.872.793.702.952.623.383.312.893.182.60
OPM % 7.30%11.69%10.22%12.92%9.82%12.47%9.70%8.63%10.12%10.20%8.42%8.90%7.21%
Other Income 0.212.420.590.360.420.611.070.410.440.750.950.720.50
Interest 0.230.110.070.090.050.120.070.070.080.170.100.150.16
Depreciation 0.560.560.580.600.640.650.650.630.880.900.940.970.99
Profit before tax 1.124.892.543.542.523.543.302.332.862.992.802.781.95
Tax % 18.75%32.31%29.92%20.34%26.98%22.60%21.82%24.89%25.52%33.11%25.71%27.70%28.21%
Net Profit 0.903.311.782.811.852.742.581.752.122.002.082.021.41
EPS in Rs 3.0011.035.939.376.179.138.605.837.075.796.025.854.08

Last Updated: March 3, 2026, 10:10 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:40 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8810010210510410299769496113127139
Expenses 82949598979592729491100114127
Operating Profit 6677777316131212
OPM % 7%6%7%7%7%7%7%4%1%6%11%10%9%
Other Income 0001211104233
Interest 2222221111001
Depreciation 2222222332234
Profit before tax 32445450-36121111
Tax % 33%36%33%23%33%19%31%31%-32%28%24%26%
Net Profit 21334340-24988
EPS in Rs 5.634.709.139.8711.709.6311.770.67-5.9014.8330.5724.4921.74
Dividend Payout % 21%26%16%12%13%16%13%0%0%10%10%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212022-20232023-20242024-2025
YoY Net Profit Growth (%)-50.00%200.00%0.00%33.33%-25.00%33.33%-100.00%300.00%125.00%-11.11%
Change in YoY Net Profit Growth (%)0.00%250.00%-200.00%33.33%-58.33%58.33%-133.33%400.00%-175.00%-136.11%

Ecoplast Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:5%
3 Years:10%
TTM:10%
Compounded Profit Growth
10 Years:20%
5 Years:19%
3 Years:98%
TTM:-20%
Stock Price CAGR
10 Years:25%
5 Years:44%
3 Years:91%
1 Year:-12%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:16%
Last Year:15%

Last Updated: September 5, 2025, 3:21 pm

Balance Sheet

Last Updated: February 1, 2026, 2:43 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3333333333333
Reserves 15161921242629292630397175
Borrowings 17141215109139141113
Other Liabilities 1412121312101011129121312
Total Liabilities 49464552494854515544558793
Fixed Assets 15141416151418171615162529
CWIP 0000011100014
Investments 00000000000184
Other Assets 33313136343436343929384457
Total Assets 49464552494854515544558793

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 25647569-215135
Cash from Investing Activity + -1-1-2-4-0-2-8-1-21-3-28
Cash from Financing Activity + -1-5-51-6-32-74-14-223
Net Cash Flow 1-1001-1-00127-0
Free Cash Flow 145-162-27-4159-6
CFO/OP 49%105%107%62%127%89%109%264%-359%278%119%64%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-11.00-8.00-5.00-8.00-3.00-2.00-6.00-6.00-13.005.0012.0011.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 736663716161779778453446
Inventory Days 644851576061587068566465
Days Payable 564345494239425839344442
Cash Conversion Cycle 81716879788392109106675469
Working Capital Days 2133363944526191496150114
ROCE %14%13%17%16%18%13%14%3%-3%13%32%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 68.40%68.71%68.71%68.71%68.71%68.71%68.71%72.23%64.84%64.84%64.84%64.84%
Public 31.60%31.28%31.29%31.29%31.30%31.30%31.29%27.77%35.16%35.16%35.17%35.16%
No. of Shareholders 2,0602,0942,0902,4852,7212,8663,3743,3353,3693,5633,6873,556

Shareholding Pattern Chart

No. of Shareholders

Ecoplast Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 27.8130.5814.82-5.830.68
Diluted EPS (Rs.) 27.8130.5814.82-5.830.68
Cash EPS (Rs.) 33.3238.8522.993.049.78
Book Value[Excl.RevalReserv]/Share (Rs.) 215.20139.86111.0299.08105.82
Book Value[Incl.RevalReserv]/Share (Rs.) 215.20139.86111.0299.08105.82
Revenue From Operations / Share (Rs.) 366.45378.14320.76313.92252.21
PBDIT / Share (Rs.) 43.2349.8531.823.8713.85
PBIT / Share (Rs.) 34.3941.5823.64-5.004.74
PBT / Share (Rs.) 33.2240.4620.66-8.540.97
Net Profit / Share (Rs.) 24.4830.5814.82-5.830.67
NP After MI And SOA / Share (Rs.) 24.4830.5814.82-5.830.67
PBDIT Margin (%) 11.7913.189.921.235.48
PBIT Margin (%) 9.3810.997.37-1.591.88
PBT Margin (%) 9.0610.696.44-2.710.38
Net Profit Margin (%) 6.688.084.61-1.850.26
NP After MI And SOA Margin (%) 6.688.084.61-1.850.26
Return on Networth / Equity (%) 11.3721.8613.34-5.880.63
Return on Capital Employeed (%) 15.5728.2220.34-4.503.77
Return On Assets (%) 9.6716.7810.10-3.200.39
Long Term Debt / Equity (X) 0.000.000.010.080.14
Total Debt / Equity (X) 0.000.010.030.450.17
Asset Turnover Ratio (%) 1.782.301.951.781.43
Current Ratio (X) 5.433.453.051.712.41
Quick Ratio (X) 4.112.251.911.101.66
Inventory Turnover Ratio (X) 9.346.295.636.075.06
Dividend Payout Ratio (NP) (%) 0.004.900.000.00221.67
Dividend Payout Ratio (CP) (%) 0.003.860.000.0015.33
Earning Retention Ratio (%) 0.0095.100.000.00-121.67
Cash Earning Retention Ratio (%) 0.0096.140.000.0084.67
Interest Coverage Ratio (X) 36.9744.4710.661.093.67
Interest Coverage Ratio (Post Tax) (X) 21.9328.285.97-0.641.18
Enterprise Value (Cr.) 193.5477.4722.4040.9227.50
EV / Net Operating Revenue (X) 1.530.680.230.430.36
EV / EBITDA (X) 12.965.182.3535.296.62
MarketCap / Net Operating Revenue (X) 1.610.760.240.300.29
Retention Ratios (%) 0.0095.090.000.00-121.67
Price / BV (X) 2.732.080.720.950.71
Price / Net Operating Revenue (X) 1.610.760.240.300.29
EarningsYield 0.040.100.18-0.060.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ecoplast Ltd. is a Public Limited Listed company incorporated on 07/05/1981 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L25200GJ1981PLC004375 and registration number is 004375. Currently Company is involved in the business activities of Manufacture of semi-finished of plastic products (plastic plates, sheets, blocks, film, foil, strip etc.). Company's Total Operating Revenue is Rs. 126.59 Cr. and Equity Capital is Rs. 3.45 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Packaging & ContainersNational Highway No.8, Water Works Cross Road, Valsad Gujarat 396002Contact not found
Management
NamePosition Held
Mr. B R TarafdarChairman & Ind.Director
Mr. Jaymin B DesaiManaging Director
Mr. Atul J BaijalWhole Time Director
Mr. Ravi A MehtaWhole Time Director
Mr. Aditya N PatelWhole Time Director
Mr. Charulata N PatelNon Executive Director
Mr. Jay Ketan ShrofNon Executive Director
Mr. Dhananjay T DesaiIndependent Director
Mr. Monil Vijay ShahIndependent Director

FAQ

What is the intrinsic value of Ecoplast Ltd and is it undervalued?

As of 05 April 2026, Ecoplast Ltd's intrinsic value is ₹458.29, which is 8.60% higher than the current market price of ₹422.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (14.6 %), book value (₹227), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ecoplast Ltd?

Ecoplast Ltd is trading at ₹422.00 as of 05 April 2026, with a FY2026-2027 high of ₹774 and low of ₹392. The stock is currently near its 52-week low. Market cap stands at ₹146 Cr..

How does Ecoplast Ltd's P/E ratio compare to its industry?

Ecoplast Ltd has a P/E ratio of 19.4, which is below the industry average of 39.62. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Ecoplast Ltd financially healthy?

Key indicators for Ecoplast Ltd: ROCE of 20.2 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Ecoplast Ltd profitable and how is the profit trend?

Ecoplast Ltd reported a net profit of ₹8 Cr in Mar 2025 on revenue of ₹127 Cr. Compared to ₹-2 Cr in Mar 2022, the net profit shows an improving trend.

Does Ecoplast Ltd pay dividends?

Ecoplast Ltd has a dividend yield of 0.00 % at the current price of ₹422.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ecoplast Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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