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Last Updated: April 2, 2026, 3:50 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 526582 | NSE: TPLPLASTEH

TPL Plastech Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹43.44Overvalued by 24.58%vs CMP ₹57.60

P/E (16.1) × ROE (17.0%) × BV (₹19.50) × DY (1.74%)

₹40.93Overvalued by 28.94%vs CMP ₹57.60
MoS: -40.7% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹50.3323%Over (-12.6%)
Graham NumberEarnings₹39.5817%Over (-31.3%)
Earnings PowerEarnings₹18.5611%Over (-67.8%)
DCFCash Flow₹72.4011%Under (+25.7%)
Net Asset ValueAssets₹19.637%Over (-65.9%)
EV/EBITDAEnterprise₹44.399%Over (-22.9%)
Earnings YieldEarnings₹35.707%Over (-38%)
ROCE CapitalReturns₹37.839%Over (-34.3%)
Revenue MultipleRevenue₹22.396%Over (-61.1%)
Consensus (9 models)₹40.93100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 15.9%

*Investments are subject to market risks

Investment Snapshot

67
TPL Plastech Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 19.8% GoodROE 17.0% GoodD/E 0.41 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.45% (6mo) Slight increasePromoter holding at 74.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 12% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): +18% YoY GrowingProfit (4Q): +22% YoY Positive
Industry Rank90/100 · Strong
P/E 16.1 vs industry 32.3 Cheaper than peersROCE 19.8% vs industry 16.0% Above peersROE 17.0% vs industry 13.1% Above peers3Y sales CAGR: 15% 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.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:50 am

Market Cap 449 Cr.
Current Price 57.6
Intrinsic Value₹40.93
High / Low 95.5/50.0
Stock P/E16.1
Book Value 19.5
Dividend Yield1.74 %
ROCE19.8 %
ROE17.0 %
Face Value 2.00
PEG Ratio1.02

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

View Share Price Target for TPL Plastech Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
TPL Plastech Ltd 449 Cr. 57.6 95.5/50.016.1 19.51.74 %19.8 %17.0 % 2.00
Plastiblends India Ltd 327 Cr. 126 232/12110.1 1681.98 %10.3 %7.58 % 5.00
Parin Furniture Ltd 629 Cr. 566 725/31295.5 50.90.04 %11.6 %10.5 % 10.0
Multibase India Ltd 218 Cr. 173 308/15617.4 66.330.6 %18.6 %13.8 % 10.0
Pil Italica Lifestyle Ltd 165 Cr. 7.01 20.6/6.2036.7 3.490.00 %8.90 %6.18 % 1.00
Industry Average6,264.50 Cr584.0532.34182.193.70%15.97%13.13%6.10

All Competitor Stocks of TPL Plastech Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 68.8372.0969.1078.4282.6682.7377.1688.9591.0492.1890.40106.87111.22
Expenses 61.2564.4261.4769.6972.7372.9768.5979.2280.0880.8580.3995.0097.70
Operating Profit 7.587.677.638.739.939.768.579.7310.9611.3310.0111.8713.52
OPM % 11.01%10.64%11.04%11.13%12.01%11.80%11.11%10.94%12.04%12.29%11.07%11.11%12.16%
Other Income 1.200.020.020.010.000.470.010.020.020.020.020.020.02
Interest 1.261.231.261.451.411.321.181.181.221.461.311.311.29
Depreciation 1.391.341.491.571.361.201.381.421.341.341.411.431.54
Profit before tax 6.135.124.905.727.167.716.027.158.428.557.319.1510.71
Tax % 17.94%25.59%25.51%25.52%17.88%21.14%25.58%25.03%17.58%20.12%25.17%25.14%18.86%
Net Profit 5.043.813.654.265.886.074.485.366.936.835.476.858.69
EPS in Rs 0.650.490.470.550.750.780.570.690.890.880.700.881.11

Last Updated: March 3, 2026, 2:08 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 5:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 190182178180192219209170229271313349401
Expenses 172164157158168194185150202241277309354
Operating Profit 17182122242524202730364147
OPM % 9%10%12%12%13%12%11%12%12%11%12%12%12%
Other Income 0000010001000
Interest 5554566555555
Depreciation 4333344445656
Profit before tax 9101415171615111820253036
Tax % 16%24%37%23%26%28%28%28%25%22%22%22%
Net Profit 7891112111181316202428
EPS in Rs 0.920.981.101.451.591.461.361.031.712.062.543.033.57
Dividend Payout % 22%20%23%21%22%24%26%34%23%29%31%33%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)14.29%12.50%22.22%9.09%-8.33%0.00%-27.27%62.50%23.08%25.00%20.00%
Change in YoY Net Profit Growth (%)0.00%-1.79%9.72%-13.13%-17.42%8.33%-27.27%89.77%-39.42%1.92%-5.00%

TPL Plastech 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:7%
5 Years:11%
3 Years:15%
TTM:13%
Compounded Profit Growth
10 Years:12%
5 Years:17%
3 Years:21%
TTM:19%
Stock Price CAGR
10 Years:14%
5 Years:45%
3 Years:32%
1 Year:-32%
Return on Equity
10 Years:15%
5 Years:14%
3 Years:16%
Last Year:17%

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

Balance Sheet

Last Updated: December 4, 2025, 2:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 888888881616161616
Reserves 303645546372798487100115132137
Borrowings 43422437565839292044314622
Other Liabilities 40375450656468708465715276
Total Liabilities 121123130148192202194190207224232245250
Fixed Assets 47454951666361586056849394
CWIP 00164777924136
Investments 0000111000001
Other Assets 74788091121132124124138144147149149
Total Assets 121123130148192202194190207224232245250

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 5933369312123-22916
Cash from Investing Activity + -1-1-8-10-17-3-3-4-4-10-6-22
Cash from Financing Activity + -5-8-25612-7-28-19-1912-246
Net Cash Flow -100-01-00-2-0-000
Free Cash Flow 4825-6-106281719-1224-6
CFO/OP 38%60%169%30%37%50%147%111%103%14%98%57%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-26.00-24.00-3.00-15.00-32.00-33.00-15.00-9.007.00-14.005.00-5.00

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 827189889086789380736462
Inventory Days 4564577912912112415011610110381
Days Payable 6965106101132107123157143858349
Cash Conversion Cycle 5969406687100798653898395
Working Capital Days 61610303634447269797262
ROCE %18%19%23%22%19%17%15%13%18%17%19%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.86%74.86%74.86%74.86%74.86%74.86%74.86%74.86%74.86%74.86%74.86%74.86%
FIIs 0.00%0.05%0.00%0.00%0.01%0.12%0.26%0.03%0.00%0.02%0.00%0.45%
DIIs 0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%
Public 25.05%25.01%25.07%25.06%25.04%24.94%24.80%25.02%25.05%25.04%25.06%24.62%
No. of Shareholders 11,43112,80512,07313,80018,50421,93533,55933,74533,58532,90331,82930,566

Shareholding Pattern Chart

No. of Shareholders

TPL Plastech 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 21Mar 20
FaceValue 2.002.002.0010.0010.00
Basic EPS (Rs.) 3.022.542.0610.2613.78
Diluted EPS (Rs.) 3.022.542.0610.2613.78
Cash EPS (Rs.) 3.733.262.7615.0418.50
Book Value[Excl.RevalReserv]/Share (Rs.) 18.9216.7114.79117.84110.95
Book Value[Incl.RevalReserv]/Share (Rs.) 18.9216.7114.79117.84110.95
Revenue From Operations / Share (Rs.) 44.7840.1134.69218.56277.24
PBDIT / Share (Rs.) 5.214.683.9626.0131.27
PBIT / Share (Rs.) 4.513.963.2621.2326.56
PBT / Share (Rs.) 3.863.272.6214.2619.07
Net Profit / Share (Rs.) 3.022.542.0610.2613.78
NP After MI And SOA / Share (Rs.) 3.022.542.0610.2613.78
PBDIT Margin (%) 11.6311.6711.4211.8911.27
PBIT Margin (%) 10.069.889.409.719.57
PBT Margin (%) 8.628.147.566.526.87
Net Profit Margin (%) 6.756.345.924.694.97
NP After MI And SOA Margin (%) 6.756.345.924.694.97
Return on Networth / Equity (%) 15.9815.2213.898.7012.42
Return on Capital Employeed (%) 21.5019.9817.4415.6820.22
Return On Assets (%) 9.618.567.144.215.37
Long Term Debt / Equity (X) 0.030.070.130.050.08
Total Debt / Equity (X) 0.290.190.320.240.41
Asset Turnover Ratio (%) 1.461.370.000.871.04
Current Ratio (X) 1.791.871.811.451.26
Quick Ratio (X) 1.040.961.050.810.68
Inventory Turnover Ratio (X) 5.314.840.002.282.81
Dividend Payout Ratio (NP) (%) 26.4423.5819.4534.1025.39
Dividend Payout Ratio (CP) (%) 21.4518.3714.5023.2718.92
Earning Retention Ratio (%) 73.5676.4280.5565.9074.61
Cash Earning Retention Ratio (%) 78.5581.6385.5076.7381.08
Interest Coverage Ratio (X) 8.076.726.213.734.18
Interest Coverage Ratio (Post Tax) (X) 5.684.654.222.472.84
Enterprise Value (Cr.) 623.26502.49258.89137.8082.02
EV / Net Operating Revenue (X) 1.781.610.950.800.37
EV / EBITDA (X) 15.3313.758.376.793.36
MarketCap / Net Operating Revenue (X) 1.681.540.830.700.23
Retention Ratios (%) 73.5576.4180.5465.8974.60
Price / BV (X) 3.963.701.961.300.59
Price / Net Operating Revenue (X) 1.681.540.830.700.23
EarningsYield 0.040.040.070.060.20

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

TPL Plastech Ltd. is a Public Limited Listed company incorporated on 30/09/1992 and has its registered office in the State of Daman & Diu, India. Company's Corporate Identification Number(CIN) is L25209DD1992PLC004656 and registration number is 004656. Currently Company is involved in the business activities of Manufacture of plastics products. Company's Total Operating Revenue is Rs. 349.34 Cr. and Equity Capital is Rs. 15.60 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic Products102, 1st Floor, Centre Point, Daman Daman & Diu 396210Contact not found
Management
NamePosition Held
Mr. Mahinder Kumar WadhwaChairman & Non-Exe.Director
Mr. Mangesh SarfareNon Executive Director
Mrs. Monika SrivastavaNon Executive Director
Mr. Sanjaya KulkarniNon Executive Director
Mr. Deepak BakhshiInd.& Non Exe.Director
Mr. Surya Pratap GuptaInd.& Non Exe.Director

FAQ

What is the intrinsic value of TPL Plastech Ltd and is it undervalued?

As of 14 April 2026, TPL Plastech Ltd's intrinsic value is ₹40.93, which is 28.94% lower than the current market price of ₹57.60, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.0 %), book value (₹19.5), dividend yield (1.74 %), and 5-year EPS CAGR.

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

TPL Plastech Ltd is trading at ₹57.60 as of 14 April 2026, with a FY2026-2027 high of ₹95.5 and low of ₹50.0. The stock is currently near its 52-week low. Market cap stands at ₹449 Cr..

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

TPL Plastech Ltd has a P/E ratio of 16.1, 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 TPL Plastech Ltd financially healthy?

Key indicators for TPL Plastech Ltd: ROCE of 19.8 % indicates efficient capital utilization; ROE of 17.0 % shows strong shareholder returns. Dividend yield is 1.74 %.

Is TPL Plastech Ltd profitable and how is the profit trend?

TPL Plastech Ltd reported a net profit of ₹24 Cr in Mar 2025 on revenue of ₹349 Cr. Compared to ₹13 Cr in Mar 2022, the net profit shows an improving trend.

Does TPL Plastech Ltd pay dividends?

TPL Plastech Ltd has a dividend yield of 1.74 % at the current price of ₹57.60. 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 TPL Plastech 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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