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Last Updated: April 2, 2026, 3:49 am
Author: Getaka|Social: XLinkedIn

Tokyo Plast International Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹55.90Overvalued by 14.26%vs CMP ₹65.20

P/E (48.8) × ROE (2.1%) × BV (₹65.60) × DY (2.00%)

₹52.35Overvalued by 19.71%vs CMP ₹65.20
MoS: -24.5% (Negative)Confidence: 37/100 (Low)Models: 1 Under, 3 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹67.2031%Fair (+3.1%)
Graham NumberEarnings₹44.6419%Over (-31.5%)
Net Asset ValueAssets₹65.7110%Fair (+0.8%)
EV/EBITDAEnterprise₹62.5213%Fair (-4.1%)
Earnings YieldEarnings₹13.5010%Over (-79.3%)
ROCE CapitalReturns₹15.1510%Over (-76.8%)
Revenue MultipleRevenue₹76.338%Under (+17.1%)
Consensus (7 models)₹52.35100%Overvalued
Key Drivers: ROE 2.1% is below cost of equity. | Wide model spread (₹14–₹76) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 20.2%

*Investments are subject to market risks

Investment Snapshot

59
Tokyo Plast International Ltd scores 59/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health51/100 · Moderate
ROCE 4.5% WeakROE 2.1% WeakD/E 0.21 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money60/100 · Moderate
FII holding stable No changePromoter increased by 0.62% Positive
Earnings Quality75/100 · Strong
OPM expanding (6% → 8%) ImprovingWorking capital: 39 days (improving) Efficient
Quarterly Momentum80/100 · Strong
Revenue (4Q): 2% YoY FlatProfit (4Q): +61% YoY StrongOPM: 9.6% (up 3.2% YoY) Margin expansion
Industry Rank20/100 · Weak
P/E 48.8 vs industry 44.5 In-lineROCE 4.5% vs industry 357.7% Below peersROE 2.1% vs industry 11.9% Below peers3Y sales CAGR: -3% Shrinking

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, 3:49 am

Market Cap 61.9 Cr.
Current Price 65.2
Intrinsic Value₹52.35
High / Low 161/53.8
Stock P/E48.8
Book Value 65.6
Dividend Yield0.00 %
ROCE4.54 %
ROE2.14 %
Face Value 10.0
PEG Ratio2.41

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

View Share Price Target for Tokyo Plast International Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Tokyo Plast International Ltd 61.9 Cr. 65.2 161/53.848.8 65.60.00 %4.54 %2.14 % 10.0
Eureka Forbes Ltd 8,887 Cr. 460 668/35545.5 2320.00 %5.04 %3.69 % 10.0
V-Guard Industries Ltd 13,790 Cr. 316 413/29054.0 47.50.48 %17.2 %13.6 % 1.00
TTK Prestige Ltd 6,097 Cr. 445 773/42339.7 1391.35 %11.6 %7.42 % 1.00
Orient Electric Ltd 3,417 Cr. 160 255/14937.0 33.20.94 %17.9 %12.5 % 1.00
Industry Average8,535.55 Cr1,270.2044.45210.900.53%357.66%11.88%6.57

All Competitor Stocks of Tokyo Plast International Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 16.4919.6714.5718.9615.8716.9617.8018.4719.0517.1618.2121.0917.14
Expenses 16.2617.2013.5616.9914.7415.8916.2816.9017.8214.8316.6718.8615.49
Operating Profit 0.232.471.011.971.131.071.521.571.232.331.542.231.65
OPM % 1.39%12.56%6.93%10.39%7.12%6.31%8.54%8.50%6.46%13.58%8.46%10.57%9.63%
Other Income 0.00-0.550.020.000.110.000.000.000.000.160.000.010.00
Interest 0.330.390.270.270.340.370.330.370.371.050.650.650.78
Depreciation 0.800.920.730.710.710.630.720.730.760.760.770.750.78
Profit before tax -0.900.610.030.990.190.070.470.470.100.680.120.840.09
Tax % 0.00%50.82%-100.00%16.16%5.26%185.71%19.15%19.15%20.00%29.41%16.67%17.86%111.11%
Net Profit -0.900.300.060.830.18-0.060.380.390.080.480.100.70-0.01
EPS in Rs -0.950.320.060.870.19-0.060.400.410.080.510.110.74-0.01

Last Updated: February 3, 2026, 8:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 5:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 57.1554.9058.1872.1865.3552.9860.8562.8979.9375.5366.3772.4773.60
Expenses 48.9747.7349.8760.3257.8753.4756.9359.3575.9370.2661.1965.8765.85
Operating Profit 8.187.178.3111.867.48-0.493.923.544.005.275.186.607.75
OPM % 14.31%13.06%14.28%16.43%11.45%-0.92%6.44%5.63%5.00%6.98%7.80%9.11%10.53%
Other Income -0.152.041.831.291.520.870.030.040.03-0.500.140.200.17
Interest 2.432.862.521.991.451.301.080.781.361.401.252.123.13
Depreciation 2.292.122.212.452.542.422.782.692.933.192.782.963.06
Profit before tax 3.314.235.418.715.01-3.340.090.11-0.260.181.291.721.73
Tax % -20.54%22.70%16.27%17.34%18.76%13.17%-800.00%-18.18%-38.46%172.22%21.71%22.67%
Net Profit 3.983.274.537.194.08-3.790.810.12-0.15-0.121.001.321.27
EPS in Rs 4.193.444.777.574.29-3.990.850.13-0.16-0.131.051.391.35
Dividend Payout % 0.00%0.00%0.00%6.61%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-17.84%38.53%58.72%-43.25%-192.89%121.37%-85.19%-225.00%20.00%933.33%32.00%
Change in YoY Net Profit Growth (%)0.00%56.37%20.19%-101.97%-149.64%314.26%-206.56%-139.81%245.00%913.33%-901.33%

Tokyo Plast International 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:3%
5 Years:4%
3 Years:-3%
TTM:5%
Compounded Profit Growth
10 Years:-9%
5 Years:10%
3 Years:117%
TTM:-21%
Stock Price CAGR
10 Years:18%
5 Years:16%
3 Years:7%
1 Year:-10%
Return on Equity
10 Years:3%
5 Years:1%
3 Years:1%
Last Year:2%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: December 4, 2025, 2:07 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 9.509.509.509.509.509.509.509.509.509.509.509.509.50
Reserves 32.2235.4940.0247.2050.8247.0147.8548.4549.1949.3850.6552.0552.88
Borrowings 21.2520.3916.4815.3814.2819.0612.4715.9718.8514.6119.2926.8936.24
Other Liabilities 9.997.7611.0912.0912.7712.8311.5013.2710.9712.1613.1314.9427.40
Total Liabilities 72.9673.1477.0984.1787.3788.4081.3287.1988.5185.6592.57103.38126.02
Fixed Assets 13.3812.7412.6812.1111.2211.3210.6913.5616.7215.1839.1739.9838.95
CWIP 4.224.354.354.354.354.654.655.275.275.275.555.275.27
Investments 1.261.141.141.141.230.110.110.110.110.020.010.060.06
Other Assets 54.1054.9158.9266.5770.5772.3265.8768.2566.4165.1847.8458.0781.74
Total Assets 72.9673.1477.0984.1787.3788.4081.3287.1988.5185.6592.57103.38126.02

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.873.6010.465.283.173.499.071.073.6118.898.696.20
Cash from Investing Activity + -0.210.20-2.11-4.53-0.57-3.19-2.32-4.31-3.26-13.39-11.79-13.67
Cash from Financing Activity + -1.10-3.72-6.44-2.57-2.864.11-7.930.81-0.69-5.393.686.33
Net Cash Flow -0.440.071.92-1.82-0.264.41-1.18-2.43-0.340.110.59-1.14
Free Cash Flow -1.341.898.340.312.25-0.576.72-3.250.325.80-3.460.85
CFO/OP 11%56%137%61%60%-810%231%30%90%358%168%97%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-13.07-13.22-8.17-3.52-6.80-19.55-8.55-12.43-14.85-9.34-14.11-20.29

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 71.7267.1567.8299.92116.96131.45102.03124.4375.8063.6488.7174.69
Inventory Days 89.9489.8693.3751.2765.80159.07251.54218.50200.69167.44169.90164.71
Days Payable 75.6139.7664.2358.8255.4674.6037.4249.8627.0628.0527.6329.59
Cash Conversion Cycle 86.05117.2596.9692.38127.30215.92316.16293.07249.44203.03230.97209.81
Working Capital Days 34.8157.9753.9599.16144.32183.95203.22197.91155.76118.9391.5739.13
ROCE %9.52%11.08%12.19%15.47%8.82%-2.30%1.61%1.21%1.44%2.81%3.32%4.57%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 64.50%64.50%64.50%63.65%63.65%63.84%64.29%65.37%66.87%66.98%68.18%68.80%
FIIs 0.00%0.00%0.00%0.02%0.00%0.00%0.01%0.00%0.00%0.01%0.00%0.00%
Public 35.50%35.50%35.50%36.32%36.35%36.15%35.71%34.63%33.13%33.02%31.82%31.20%
No. of Shareholders 10,39410,33210,55110,78710,91811,19510,9428,0907,8327,3647,3687,305

Shareholding Pattern Chart

No. of Shareholders

Tokyo Plast International 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 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.381.06-0.160.130.79
Diluted EPS (Rs.) 1.381.06-0.160.130.79
Cash EPS (Rs.) 4.503.982.922.963.68
Book Value[Excl.RevalReserv]/Share (Rs.) 64.7763.3061.2460.4659.83
Book Value[Incl.RevalReserv]/Share (Rs.) 64.7763.3061.2460.4659.83
Revenue From Operations / Share (Rs.) 76.2869.8584.1366.1964.04
PBDIT / Share (Rs.) 7.155.604.243.764.05
PBIT / Share (Rs.) 4.032.671.160.931.12
PBT / Share (Rs.) 1.801.35-0.260.11-0.01
Net Profit / Share (Rs.) 1.381.05-0.160.120.74
NP After MI And SOA / Share (Rs.) 1.381.05-0.160.120.74
PBDIT Margin (%) 9.378.015.045.686.32
PBIT Margin (%) 5.283.821.381.401.75
PBT Margin (%) 2.361.93-0.310.16-0.01
Net Profit Margin (%) 1.811.51-0.190.191.16
NP After MI And SOA Margin (%) 1.811.51-0.190.191.16
Return on Networth / Equity (%) 2.131.66-0.260.211.25
Return on Capital Employeed (%) 5.713.831.691.411.75
Return On Assets (%) 1.261.08-0.170.130.87
Total Debt / Equity (X) 0.400.280.250.240.21
Asset Turnover Ratio (%) 0.730.000.910.740.71
Current Ratio (X) 1.261.692.502.452.85
Quick Ratio (X) 0.801.071.481.651.81
Inventory Turnover Ratio (X) 4.440.001.931.391.68
Interest Coverage Ratio (X) 3.204.252.974.583.58
Interest Coverage Ratio (Post Tax) (X) 1.621.800.881.151.66
Enterprise Value (Cr.) 143.75107.3899.5879.2964.66
EV / Net Operating Revenue (X) 1.981.621.251.261.06
EV / EBITDA (X) 21.1620.1824.7022.1716.79
MarketCap / Net Operating Revenue (X) 1.661.381.071.060.92
Price / BV (X) 1.951.531.471.160.98
Price / Net Operating Revenue (X) 1.661.381.071.060.92
EarningsYield 0.010.010.000.000.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Tokyo Plast International Ltd. is a Public Limited Listed company incorporated on 18/11/1992 and has its registered office in the State of Daman & Diu, India. Company's Corporate Identification Number(CIN) is L25209DD1992PLC009784 and registration number is 009784. Currently Company is involved in the business activities of Manufacture of plastics products. Company's Total Operating Revenue is Rs. 72.47 Cr. and Equity Capital is Rs. 9.50 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Domestic AppliancesPlot No.363/1 (1,2,3), Shree Ganesh Industrial Estate, Daman Daman & Diu 396210Contact not found
Management
NamePosition Held
Mr. Velji L ShahChairman & Managing Director
Mr. Haresh V ShahDirector & CFO
Mrs. Jagruti Mayurbhai SanghviDirector
Mr. Viraj Devang VoraDirector
Mr. Priyaj Haresh ShahDirector
Mrs. Kinnari Sunny CharlaDirector

FAQ

What is the intrinsic value of Tokyo Plast International Ltd and is it undervalued?

As of 17 April 2026, Tokyo Plast International Ltd's intrinsic value is ₹52.35, which is 19.71% lower than the current market price of ₹65.20, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.14 %), book value (₹65.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Tokyo Plast International Ltd?

Tokyo Plast International Ltd is trading at ₹65.20 as of 17 April 2026, with a FY2026-2027 high of ₹161 and low of ₹53.8. The stock is currently near its 52-week low. Market cap stands at ₹61.9 Cr..

How does Tokyo Plast International Ltd's P/E ratio compare to its industry?

Tokyo Plast International Ltd has a P/E ratio of 48.8, which is above the industry average of 44.45. The premium over industry average may reflect growth expectations or speculative interest.

Is Tokyo Plast International Ltd financially healthy?

Key indicators for Tokyo Plast International Ltd: ROCE of 4.54 % is on the lower side compared to the industry average of 357.66%; ROE of 2.14 % is below ideal levels (industry average: 11.88%). Dividend yield is 0.00 %.

Is Tokyo Plast International Ltd profitable and how is the profit trend?

Tokyo Plast International Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹72 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Tokyo Plast International Ltd pay dividends?

Tokyo Plast International Ltd has a dividend yield of 0.00 % at the current price of ₹65.20. 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 Tokyo Plast International 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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