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Last Updated: April 2, 2026, 3:29 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523648 | NSE: PLASTIBLEN

Plastiblends India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹104.93Overvalued by 16.72%vs CMP ₹126.00

P/E (10.1) × ROE (7.6%) × BV (₹168.00) × DY (1.98%)

₹151.60Undervalued by 20.32%vs CMP ₹126.00
MoS: +16.9% (Adequate)Confidence: 48/100 (Moderate)Models: 5 Under, 2 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹102.3420%Over (-18.8%)
Graham NumberEarnings₹217.0214%Under (+72.2%)
Earnings PowerEarnings₹94.5712%Over (-24.9%)
DCFCash Flow₹119.1712%Fair (-5.4%)
Net Asset ValueAssets₹167.616%Under (+33%)
EV/EBITDAEnterprise₹248.928%Under (+97.6%)
Dividend DiscountDividends₹40.808%Over (-67.6%)
Earnings YieldEarnings₹124.606%Fair (-1.1%)
ROCE CapitalReturns₹229.188%Under (+81.9%)
Revenue MultipleRevenue₹292.075%Under (+131.8%)
Consensus (10 models)₹151.60100%Undervalued
Key Drivers: Wide model spread (₹41–₹292) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -2.5%

*Investments are subject to market risks

Investment Snapshot

56
Plastiblends India Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health70/100 · Strong
ROCE 10.3% AverageROE 7.6% AverageD/E 0.09 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 62.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 7% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 0% YoY FlatProfit (4Q): -6% YoY Declining
Industry Rank60/100 · Moderate
P/E 10.1 vs industry 32.3 Cheaper than peersROCE 10.3% vs industry 16.0% Average3Y sales CAGR: 3% Slow

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.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:29 am

Market Cap 327 Cr.
Current Price 126
Intrinsic Value₹151.60
High / Low 232/121
Stock P/E10.1
Book Value 168
Dividend Yield1.98 %
ROCE10.3 %
ROE7.58 %
Face Value 5.00
PEG Ratio-4.09

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

View Share Price Target for Plastiblends India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Plastiblends India Ltd 327 Cr. 126 232/12110.1 1681.98 %10.3 %7.58 % 5.00
Multibase India Ltd 218 Cr. 173 308/15617.4 66.330.6 %18.6 %13.8 % 10.0
TPL Plastech Ltd 449 Cr. 57.6 95.5/50.016.1 19.51.74 %19.8 %17.0 % 2.00
Pil Italica Lifestyle Ltd 165 Cr. 7.01 20.6/6.2036.7 3.490.00 %8.90 %6.18 % 1.00
Harshdeep Hortico Ltd 126 Cr. 78.0 116/61.211.2 33.00.00 %27.1 %23.0 % 10.0
Industry Average6,264.50 Cr584.0532.34182.193.70%15.97%13.13%6.10

All Competitor Stocks of Plastiblends India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 186.02197.97195.67210.46197.12198.91211.58185.35184.37199.16199.63192.61185.80
Expenses 178.06180.18182.54196.03185.89183.14195.26175.57172.94184.71186.15181.75176.13
Operating Profit 7.9617.7913.1314.4311.2315.7716.329.7811.4314.4513.4810.869.67
OPM % 4.28%8.99%6.71%6.86%5.70%7.93%7.71%5.28%6.20%7.26%6.75%5.64%5.20%
Other Income 1.77-1.301.332.582.032.232.412.631.982.412.523.513.35
Interest 0.740.300.100.370.370.330.380.310.290.280.270.550.66
Depreciation 4.274.063.883.863.873.783.743.813.883.793.843.813.77
Profit before tax 4.7212.1310.4812.789.0213.8914.618.299.2412.7911.8910.018.59
Tax % 15.89%28.36%27.00%25.51%26.72%22.75%25.74%23.88%27.38%25.10%24.98%25.67%24.80%
Net Profit 3.978.697.659.536.6110.7410.856.316.719.578.927.446.47
EPS in Rs 1.533.342.943.672.544.134.172.432.583.683.432.862.49

Last Updated: February 4, 2026, 3:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 9:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 455484511545568627587555699751781758777
Expenses 408433452481513567519487637701726706729
Operating Profit 47515964556067696250555248
OPM % 10%10%12%12%10%10%12%12%9%7%7%7%6%
Other Income 32212134658912
Interest 6448881332112
Depreciation 46611121217161616151515
Profit before tax 41435246384252534936464543
Tax % 33%30%27%30%28%25%28%30%25%26%25%26%
Net Profit 27303833273137373727353332
EPS in Rs 10.4811.5614.4912.5810.5111.9914.3114.3714.1210.3313.2912.8712.46
Dividend Payout % 24%24%24%10%24%23%26%28%28%39%32%19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)11.11%26.67%-13.16%-18.18%14.81%19.35%0.00%0.00%-27.03%29.63%-5.71%
Change in YoY Net Profit Growth (%)0.00%15.56%-39.82%-5.02%33.00%4.54%-19.35%0.00%-27.03%56.66%-35.34%

Plastiblends India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:5%
3 Years:3%
TTM:-6%
Compounded Profit Growth
10 Years:1%
5 Years:-3%
3 Years:-5%
TTM:-16%
Stock Price CAGR
10 Years:2%
5 Years:-1%
3 Years:-4%
1 Year:-45%
Return on Equity
10 Years:11%
5 Years:9%
3 Years:8%
Last Year:8%

Last Updated: September 5, 2025, 12:20 pm

Balance Sheet

Last Updated: February 1, 2026, 1:13 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6666131313131313131313
Reserves 130151178217235256268317368382392415422
Borrowings 312082911057848324598524
Other Liabilities 80809484886780919281697567
Total Liabilities 248258361399442414409453518484482507526
Fixed Assets 6473151169176173180179189181176170167
CWIP 15101-039201318
Investments 333101184225167715652
Other Assets 180177206219255233222242275236235277289
Total Assets 248258361399442414409453518484482507526

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 37377125155974481572389
Cash from Investing Activity + -3-19-80-25-17-8-20-27-5-26-276
Cash from Financing Activity + -32-189-03-51-55-19-12-45-11-12
Net Cash Flow 2-1-0-00-1-11-11-03
Free Cash Flow 3317-10-1-3505427106426-2
CFO/OP 79%98%139%57%50%124%131%84%44%166%91%40%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow16.0031.00-23.00-27.00-50.00-18.0019.0037.0017.0041.0047.0047.00

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 717077747877636262444154
Inventory Days 6347576684628511593767688
Days Payable 353050343512172416171418
Cash Conversion Cycle 998684106127127131153139102104124
Working Capital Days 7271627372778195938684104
ROCE %27%27%25%19%14%14%16%16%13%9%11%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.37%63.37%64.21%64.38%64.38%64.38%64.38%63.08%63.08%62.85%62.82%62.82%
FIIs 0.75%0.75%0.76%0.82%0.84%0.73%0.65%0.64%0.69%0.53%0.24%0.24%
DIIs 0.22%0.22%0.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 35.65%35.65%34.82%34.80%34.79%34.88%34.97%36.28%36.24%36.62%36.94%36.96%
No. of Shareholders 13,93513,84913,48314,54915,14615,30917,49416,89516,65517,12517,80817,497

Shareholding Pattern Chart

No. of Shareholders

Plastiblends India 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 5.005.005.005.005.00
Basic EPS (Rs.) 12.8713.2810.3314.1214.37
Diluted EPS (Rs.) 12.8713.2810.3314.1214.37
Cash EPS (Rs.) 18.7319.2116.6620.3120.48
Book Value[Excl.RevalReserv]/Share (Rs.) 164.51155.99151.96146.78127.02
Book Value[Incl.RevalReserv]/Share (Rs.) 164.51155.99151.96146.78127.02
Dividend / Share (Rs.) 2.504.254.004.004.00
Revenue From Operations / Share (Rs.) 300.30308.65295.71276.13222.14
PBDIT / Share (Rs.) 23.6324.1421.1826.2327.73
PBIT / Share (Rs.) 17.7718.2114.8520.0421.63
PBT / Share (Rs.) 17.2817.7614.0418.8420.47
Net Profit / Share (Rs.) 12.8713.2810.3314.1214.37
PBDIT Margin (%) 7.867.817.169.4912.48
PBIT Margin (%) 5.915.905.027.259.73
PBT Margin (%) 5.755.754.746.829.21
Net Profit Margin (%) 4.284.303.495.116.46
Return on Networth / Equity (%) 7.828.516.799.6211.31
Return on Capital Employeed (%) 10.1210.878.9612.2315.55
Return On Assets (%) 6.597.155.547.098.24
Total Debt / Equity (X) 0.000.000.000.080.09
Asset Turnover Ratio (%) 1.581.661.531.481.34
Current Ratio (X) 6.025.874.813.032.69
Quick Ratio (X) 3.283.212.561.551.34
Inventory Turnover Ratio (X) 5.894.894.574.193.49
Dividend Payout Ratio (NP) (%) 33.0230.1138.7128.320.00
Dividend Payout Ratio (CP) (%) 22.6920.8224.0119.690.00
Earning Retention Ratio (%) 66.9869.8961.2971.680.00
Cash Earning Retention Ratio (%) 77.3179.1875.9980.310.00
Interest Coverage Ratio (X) 48.5453.6326.0122.0023.89
Interest Coverage Ratio (Post Tax) (X) 27.4430.5213.6912.8513.38
Enterprise Value (Cr.) 463.56597.87392.41543.48623.64
EV / Net Operating Revenue (X) 0.590.740.510.751.08
EV / EBITDA (X) 7.559.537.137.978.65
MarketCap / Net Operating Revenue (X) 0.600.740.510.711.03
Retention Ratios (%) 66.9769.8861.2871.670.00
Price / BV (X) 1.101.480.991.341.80
Price / Net Operating Revenue (X) 0.600.740.510.711.03
EarningsYield 0.070.050.060.070.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Plastiblends India Ltd. is a Public Limited Listed company incorporated on 22/01/1991 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L25200MH1991PLC059943 and registration number is 059943. Currently Company is involved in the business activities of Manufacture of plastic in primary forms (includes amino-resins, polyurethanes etc.). Company's Total Operating Revenue is Rs. 780.45 Cr. and Equity Capital is Rs. 12.99 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic ProductsFortune Terraces, Mumbai Maharashtra 400053Contact not found
Management
NamePosition Held
Mr. Satyanarayan G KabraChairman & Managing Director
Mr. Varun S KabraVice Chairman & Mng.Director
Mr. Shreevallabh G KabraDirector
Mrs. Jyoti V KabraDirector
Mr. Bajrang Lal BagraIndependent Director
Mr. Rahul R RathiIndependent Director
Mrs. Meena S AgrawalIndependent Director
Mr. Dharmendra K GandhiIndependent Director
Mr. Surendra S GuptaAdditional Director

FAQ

What is the intrinsic value of Plastiblends India Ltd and is it undervalued?

As of 14 April 2026, Plastiblends India Ltd's intrinsic value is ₹151.60, which is 20.32% higher than the current market price of ₹126.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (7.58 %), book value (₹168), dividend yield (1.98 %), and 5-year EPS CAGR.

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

Plastiblends India Ltd is trading at ₹126.00 as of 14 April 2026, with a FY2026-2027 high of ₹232 and low of ₹121. The stock is currently near its 52-week low. Market cap stands at ₹327 Cr..

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

Plastiblends India Ltd has a P/E ratio of 10.1, which is below the industry average of 32.34. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Plastiblends India Ltd financially healthy?

Key indicators for Plastiblends India Ltd: ROCE of 10.3 % is moderate; ROE of 7.58 % is below ideal levels (industry average: 13.13%). Dividend yield is 1.98 %.

Is Plastiblends India Ltd profitable and how is the profit trend?

Plastiblends India Ltd reported a net profit of ₹33 Cr in Mar 2025 on revenue of ₹758 Cr. Compared to ₹37 Cr in Mar 2022, the net profit shows a declining trend.

Does Plastiblends India Ltd pay dividends?

Plastiblends India Ltd has a dividend yield of 1.98 % at the current price of ₹126.00. The company pays dividends, though the yield is modest.

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 Plastiblends India 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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