Ecoplast Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 17, 2024, 8:29 pm

Market Cap	211 Cr.
Current Price	702
High / Low	735/279
Stock P/E	23.6
Book Value	151
Dividend Yield	0.43 %
ROCE	32.0 %
ROE	24.2 %
Face Value	10.0
PEG Ratio	0.20

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ecoplast Ltd

Competitors of Ecoplast Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hindustan Tin Works Ltd	212 Cr.	204	249/132	15.0	201	0.59 %	11.1 %	8.65 %	10.0
HCP Plastene Bulkpack Ltd	169 Cr.	158	294/147	44.5	49.4	0.00 %	5.83 %	0.30 %	10.0
Gujarat Containers Ltd	101 Cr.	178	200/142	11.7	83.6	0.84 %	22.7 %	22.9 %	10.0
Goblin India Ltd	47.0 Cr.	34.0	82.4/29.2	12.1	31.8	0.00 %	8.18 %	6.90 %	10.0
G K P Printing & Packaging Ltd	18.5 Cr.	8.40	16.0/7.53		9.98	0.00 %	5.50 %	7.89 %	10.0
Industry Average	2,029.37	N/A		27.67	N/A	N/A	11.94	29.57	N/A

All Competitor Stocks of Ecoplast Ltd

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	24.15	23.91	26.08	26.13	19.96	23.29	26.85	25.43	29.95	28.40	29.66	30.40	30.35
Expenses	24.83	23.05	25.43	25.65	19.63	21.59	23.71	22.83	26.08	25.61	25.96	27.45	27.73
Operating Profit	-0.68	0.86	0.65	0.48	0.33	1.70	3.14	2.60	3.87	2.79	3.70	2.95	2.62
OPM %	-2.82%	3.60%	2.49%	1.84%	1.65%	7.30%	11.69%	10.22%	12.92%	9.82%	12.47%	9.70%	8.63%
Other Income	0.18	0.28	0.26	0.21	1.07	0.21	2.42	0.59	0.36	0.42	0.61	1.07	0.41
Interest	0.23	0.22	0.28	0.37	0.19	0.23	0.11	0.07	0.09	0.05	0.12	0.07	0.07
Depreciation	0.68	0.63	0.72	0.70	0.64	0.56	0.56	0.58	0.60	0.64	0.65	0.65	0.63
Profit before tax	-1.41	0.29	-0.09	-0.38	0.57	1.12	4.89	2.54	3.54	2.52	3.54	3.30	2.33
Tax %	-5.67%	-82.76%	-422.22%	-18.42%	5.26%	18.75%	32.31%	29.92%	20.34%	26.98%	22.60%	21.82%	24.89%
Net Profit	-1.33	0.53	0.30	-0.31	0.54	0.90	3.31	1.78	2.81	1.85	2.74	2.58	1.75
EPS in Rs	-4.43	1.77	1.00	-1.03	1.80	3.00	11.03	5.93	9.37	6.17	9.13	8.60	5.83

Last Updated: November 6, 2024, 6:50 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	79	88	100	102	105	104	102	99	76	94	96	113	118
Expenses	73	82	94	95	98	97	95	92	72	94	91	100	105
Operating Profit	6	6	6	7	7	7	7	7	3	1	6	13	13
OPM %	8%	7%	6%	7%	7%	7%	7%	7%	4%	1%	6%	11%	11%
Other Income	-0	0	0	0	1	2	1	1	1	0	4	2	2
Interest	2	2	2	2	2	2	2	1	1	1	1	0	0
Depreciation	2	2	2	2	2	2	2	2	3	3	2	2	3
Profit before tax	2	3	2	4	4	5	4	5	0	-3	6	12	13
Tax %	47%	33%	36%	33%	23%	33%	19%	31%	31%	-32%	28%	24%
Net Profit	1	2	1	3	3	4	3	4	0	-2	4	9	10
EPS in Rs	4.00	5.63	4.70	9.13	9.87	11.70	9.63	11.77	0.67	-5.90	14.83	30.57	33.27
Dividend Payout %	30%	21%	26%	16%	12%	13%	16%	13%	0%	0%	10%	10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2022-2023	2023-2024
YoY Net Profit Growth (%)	100.00%	-50.00%	200.00%	0.00%	33.33%	-25.00%	33.33%	-100.00%	300.00%	125.00%
Change in YoY Net Profit Growth (%)	0.00%	-150.00%	250.00%	-200.00%	33.33%	-58.33%	58.33%	-133.33%	400.00%	-175.00%

Ecoplast Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	2%
5 Years:	2%
3 Years:	14%
TTM:	13%

Compounded Profit Growth
10 Years:	18%
5 Years:	26%
3 Years:	257%
TTM:	1%

Stock Price CAGR
10 Years:	32%
5 Years:	52%
3 Years:	109%
1 Year:	110%

Return on Equity
10 Years:	10%
5 Years:	9%
3 Years:	11%
Last Year:	24%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:35 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	3	3	3	3	3	3	3	3	3	3	3	3	3
Reserves	14	15	16	19	21	24	26	29	29	26	30	39	42
Borrowings	15	17	14	12	15	10	9	13	9	14	1	1	1
Other Liabilities	12	14	12	12	13	12	10	10	11	12	9	12	9
Total Liabilities	44	49	46	45	52	49	48	54	51	55	44	55	55
Fixed Assets	15	15	14	14	16	15	14	18	17	16	15	16	16
CWIP	0	0	0	0	0	0	1	1	1	0	0	0	9
Investments	0	0	0	0	0	0	0	0	0	0	0	0	1
Other Assets	28	33	31	31	36	34	34	36	34	39	29	38	29
Total Assets	44	49	46	45	52	49	48	54	51	55	44	55	55

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	3	2	5	6	4	7	5	6	9	-2	15	13
Cash from Investing Activity +	-1	-1	-1	-2	-4	-0	-2	-8	-1	-2	1	-3
Cash from Financing Activity +	-4	-1	-5	-5	1	-6	-3	2	-7	4	-14	-2
Net Cash Flow	-2	1	-1	0	0	1	-1	-0	0	1	2	7

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-9.00	-11.00	-8.00	-5.00	-8.00	-3.00	-2.00	-6.00	-6.00	-13.00	5.00	12.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	70	73	66	63	71	61	61	77	97	78	45	34
Inventory Days	65	64	48	51	57	60	61	58	70	68	56	64
Days Payable	57	56	43	45	49	42	39	42	58	39	34	44
Cash Conversion Cycle	78	81	71	68	79	78	83	92	109	106	67	54
Working Capital Days	67	72	66	64	73	70	78	90	110	92	64	51
ROCE %	16%	14%	13%	17%	16%	18%	13%	14%	3%	-3%	13%	32%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	66.83%	66.83%	66.83%	66.83%	66.83%	66.83%	68.40%	68.71%	68.71%	68.71%	68.71%	68.71%
Public	33.17%	33.17%	33.17%	33.17%	33.17%	33.17%	31.60%	31.28%	31.29%	31.29%	31.30%	31.30%
No. of Shareholders	2,087	2,082	2,061	2,043	2,197	2,161	2,060	2,094	2,090	2,485	2,721	2,866

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	30.58	14.82	-5.83	0.68	11.76
Diluted EPS (Rs.)	30.58	14.82	-5.83	0.68	11.76
Cash EPS (Rs.)	38.85	22.99	3.04	9.78	19.98
Book Value[Excl.RevalReserv]/Share (Rs.)	139.86	111.02	99.08	105.82	106.36
Book Value[Incl.RevalReserv]/Share (Rs.)	139.86	111.02	99.08	105.82	106.36
Revenue From Operations / Share (Rs.)	378.14	320.76	313.92	252.21	328.81
PBDIT / Share (Rs.)	49.85	31.82	3.87	13.85	28.24
PBIT / Share (Rs.)	41.58	23.64	-5.00	4.74	20.02
PBT / Share (Rs.)	40.46	20.66	-8.54	0.97	17.09
Net Profit / Share (Rs.)	30.58	14.82	-5.83	0.67	11.76
NP After MI And SOA / Share (Rs.)	30.58	14.82	-5.83	0.67	11.76
PBDIT Margin (%)	13.18	9.92	1.23	5.48	8.58
PBIT Margin (%)	10.99	7.37	-1.59	1.88	6.08
PBT Margin (%)	10.69	6.44	-2.71	0.38	5.19
Net Profit Margin (%)	8.08	4.61	-1.85	0.26	3.57
NP After MI And SOA Margin (%)	8.08	4.61	-1.85	0.26	3.57
Return on Networth / Equity (%)	21.86	13.34	-5.88	0.63	11.06
Return on Capital Employeed (%)	28.22	20.34	-4.50	3.77	16.43
Return On Assets (%)	16.78	10.10	-3.20	0.39	6.51
Long Term Debt / Equity (X)	0.00	0.01	0.08	0.14	0.11
Total Debt / Equity (X)	0.01	0.03	0.45	0.17	0.35
Asset Turnover Ratio (%)	2.30	1.95	1.78	1.43	1.88
Current Ratio (X)	3.45	3.05	1.71	2.41	1.96
Quick Ratio (X)	2.25	1.91	1.10	1.66	1.37
Inventory Turnover Ratio (X)	6.29	5.63	6.07	5.06	5.59
Dividend Payout Ratio (NP) (%)	4.90	0.00	0.00	221.67	12.74
Dividend Payout Ratio (CP) (%)	3.86	0.00	0.00	15.33	7.50
Earning Retention Ratio (%)	95.10	0.00	0.00	-121.67	87.26
Cash Earning Retention Ratio (%)	96.14	0.00	0.00	84.67	92.50
Interest Coverage Ratio (X)	44.47	10.66	1.09	3.67	9.65
Interest Coverage Ratio (Post Tax) (X)	28.28	5.97	-0.64	1.18	5.02
Enterprise Value (Cr.)	77.47	22.40	40.92	27.50	38.31
EV / Net Operating Revenue (X)	0.68	0.23	0.43	0.36	0.38
EV / EBITDA (X)	5.18	2.35	35.29	6.62	4.52
MarketCap / Net Operating Revenue (X)	0.76	0.24	0.30	0.29	0.27
Retention Ratios (%)	95.09	0.00	0.00	-121.67	87.25
Price / BV (X)	2.08	0.72	0.95	0.71	0.86
Price / Net Operating Revenue (X)	0.76	0.24	0.30	0.29	0.27
EarningsYield	0.10	0.18	-0.06	0.01	0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ecoplast Ltd as of December 18, 2024 is: 866.10

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 18, 2024, Ecoplast Ltd is Undervalued by 23.38% compared to the current share price 702.00

Intrinsic Value of Ecoplast Ltd as of December 18, 2024 is: 1,891.31

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 18, 2024, Ecoplast Ltd is Undervalued by 169.42% compared to the current share price 702.00

Last 5 Year EPS CAGR: 118.37%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (25.38 cr) compared to borrowings (10.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (98.15 cr) and profit (4.38 cr) over the years.	The stock has a low average ROCE of 13.83%, which may not be favorable. The stock has a high average Working Capital Days of 74.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 80.50, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ecoplast Ltd:
1. Net Profit Margin: 8.08%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 28.22% (Industry Average ROCE: 11.94%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 21.86% (Industry Average ROE: 29.57%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 28.28
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.25
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 23.6 (Industry average Stock P/E: 27.67)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.01
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 94.11 Cr. and Equity Capital is Rs. 3.00 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Packaging & Containers	National Highway No.8, Water Works Cross Road, Valsad Gujarat 396002	investor@ecoplastindia.com http://www.ecoplastindia.com

Management
Name	Position Held
Mr. Mukul B Desai	Chairman
Mr. Jaymin B Desai	Managing Director
Mr. Atul J Baijal	Whole Time Director
Mr. Dhananjay T Desai	Director
Mr. Bhupendra M Desai	Director
Mr. Charulata N Patel	Director

FAQ

What is the latest intrinsic value of Ecoplast Ltd?

The latest intrinsic value of Ecoplast Ltd as on 18 December 2024 is ₹866.10, which is 23.38% higher than the current market price of ₹702.00. The stock has a market capitalization of 211 Cr. and recorded a high/low of ₹735/279 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹42 Cr and total liabilities of ₹55 Cr.

What is the Market Cap of Ecoplast Ltd?

The Market Cap of Ecoplast Ltd is 211 Cr..

What is the current Stock Price of Ecoplast Ltd as on 18 December 2024?

The current stock price of Ecoplast Ltd as on 18 December 2024 is 702.

What is the High / Low of Ecoplast Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Ecoplast Ltd stocks is 735/279.

What is the Stock P/E of Ecoplast Ltd?

The Stock P/E of Ecoplast Ltd is 23.6.

What is the Book Value of Ecoplast Ltd?

The Book Value of Ecoplast Ltd is 151.

What is the Dividend Yield of Ecoplast Ltd?

The Dividend Yield of Ecoplast Ltd is 0.43 %.

What is the ROCE of Ecoplast Ltd?

The ROCE of Ecoplast Ltd is 32.0 %.

What is the ROE of Ecoplast Ltd?

The ROE of Ecoplast Ltd is 24.2 %.

What is the Face Value of Ecoplast Ltd?

The Face Value of Ecoplast Ltd is 10.0.