HCP Plastene Bulkpack Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 17, 2024, 8:14 pm

Market Cap	169 Cr.
Current Price	158
High / Low	294/147
Stock P/E	44.5
Book Value	49.4
Dividend Yield	0.00 %
ROCE	5.83 %
ROE	0.30 %
Face Value	10.0
PEG Ratio	-1.10

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for HCP Plastene Bulkpack Ltd

Competitors of HCP Plastene Bulkpack 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	2,933.94 Cr	444.41		38.91	166.57	0.24%	12.21%	33.26%	7.36

All Competitor Stocks of HCP Plastene Bulkpack Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	10.59	11.15	11.48	78.97	111.04	93.80	69.46	77.22	59.37	78.87	79.68	76.63	104.70
Expenses	11.11	11.91	8.74	75.10	106.05	89.70	66.00	74.11	57.99	74.03	74.69	71.15	98.11
Operating Profit	-0.52	-0.76	2.74	3.87	4.99	4.10	3.46	3.11	1.38	4.84	4.99	5.48	6.59
OPM %	-4.91%	-6.82%	23.87%	4.90%	4.49%	4.37%	4.98%	4.03%	2.32%	6.14%	6.26%	7.15%	6.29%
Other Income	0.06	0.07	0.02	0.50	1.86	0.10	0.02	0.32	0.25	0.89	0.20	1.22	1.30
Interest	0.82	0.84	0.84	1.40	1.90	2.06	2.32	3.10	2.50	2.72	3.07	3.45	3.33
Depreciation	1.14	1.18	1.17	1.75	1.77	1.82	1.95	1.84	1.80	1.89	1.81	1.80	1.71
Profit before tax	-2.42	-2.71	0.75	1.22	3.18	0.32	-0.79	-1.51	-2.67	1.12	0.31	1.45	2.85
Tax %	-22.31%	-7.75%	-53.33%	36.07%	33.02%	56.25%	-32.91%	-37.09%	-19.85%	14.29%	6.45%	16.55%	26.32%
Net Profit	-1.88	-2.50	1.15	0.78	2.13	0.12	-0.55	-0.95	-2.14	0.96	0.28	1.21	2.10
EPS in Rs	-1.15	-1.52	0.70	0.17	0.37	-1.00	-0.23	-1.22	-1.41	0.21	-0.42	0.52	1.36

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: November 22, 2024, 2:22 pm

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	16	112	351	295	378
Expenses	19	106	334	278	354
Operating Profit	-3	6	18	17	25
OPM %	-20%	5%	5%	6%	6%
Other Income	53	1	1	3	3
Interest	1	4	10	12	13
Depreciation	5	5	7	7	7
Profit before tax	44	-3	1	0	8
Tax %	-46%	-22%	36%	-55%
Net Profit	64	-2	1	0	6
EPS in Rs	38.79	-2.86	-2.07	-1.11	2.87
Dividend Payout %	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-103.12%	150.00%	-100.00%
Change in YoY Net Profit Growth (%)	0.00%	253.12%	-250.00%

HCP Plastene Bulkpack Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 3 years from 2021-2022 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	165%
TTM:	33%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-76%
TTM:	242%

Stock Price CAGR
10 Years:	21%
5 Years:	92%
3 Years:	-36%
1 Year:	-44%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	-1%
Last Year:	0%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 1:31 pm

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	10	10	11	11	11
Reserves	16	15	39	39	42
Borrowings	38	109	123	158	182
Other Liabilities	8	39	27	25	29
Total Liabilities	72	174	200	233	263
Fixed Assets	27	79	84	77	77
CWIP	0	0	1	4	0
Investments	0	0	1	1	0
Other Assets	45	94	115	152	186
Total Assets	72	174	200	233	263

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-16	-23	-20	-19
Cash from Investing Activity +	-1	-57	-13	-5
Cash from Financing Activity +	14	81	34	24
Net Cash Flow	-3	0	1	-1

Free Cash Flow

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-41.00	-103.00	-105.00	-141.00

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 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	76	87	28	70
Inventory Days	225	115	38	65
Days Payable	245	94	9	7
Cash Conversion Cycle	56	108	57	129
Working Capital Days	85	112	70	132
ROCE %		1%	6%	6%

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	92.83%	92.83%	92.82%	89.00%	89.00%	89.00%	89.00%	89.00%	89.00%	76.39%	75.00%	75.00%
FIIs	0.23%	0.18%	0.18%	0.17%	0.17%	0.17%	0.18%	0.18%	0.18%	0.18%	0.17%	0.20%
DIIs	5.00%	5.00%	5.00%	4.80%	4.80%	4.80%	4.80%	4.80%	4.80%	4.80%	4.80%	4.80%
Public	1.94%	1.99%	1.99%	6.04%	6.04%	6.04%	6.04%	6.03%	6.02%	18.63%	20.03%	20.01%
No. of Shareholders	3,971	5,314	5,172	5,135	5,044	4,954	4,871	4,767	4,706	5,199	5,002	4,997

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.37	1.06	-2.39	65.80
Diluted EPS (Rs.)	0.37	1.01	-2.39	65.80
Cash EPS (Rs.)	7.12	7.63	2.73	67.17
Book Value[Excl.RevalReserv]/Share (Rs.)	61.23	60.39	36.08	25.70
Book Value[Incl.RevalReserv]/Share (Rs.)	61.23	60.39	36.08	25.70
Revenue From Operations / Share (Rs.)	275.94	329.30	109.63	15.51
PBDIT / Share (Rs.)	18.01	16.65	5.84	-3.42
PBIT / Share (Rs.)	11.18	9.73	0.72	-8.43
PBT / Share (Rs.)	0.18	1.11	-3.09	42.53
Net Profit / Share (Rs.)	0.28	0.71	-2.39	62.17
NP After MI And SOA / Share (Rs.)	-1.11	-2.07	-2.39	62.17
PBDIT Margin (%)	6.52	5.05	5.33	-22.05
PBIT Margin (%)	4.04	2.95	0.65	-54.33
PBT Margin (%)	0.06	0.33	-2.81	274.26
Net Profit Margin (%)	0.10	0.21	-2.18	400.86
NP After MI And SOA Margin (%)	-0.40	-0.62	-2.18	400.86
Return on Networth / Equity (%)	-2.39	-4.41	-9.54	241.85
Return on Capital Employeed (%)	10.45	6.92	0.59	-13.40
Return On Assets (%)	-0.50	-1.10	-1.41	87.93
Long Term Debt / Equity (X)	0.96	1.63	3.42	1.44
Total Debt / Equity (X)	3.19	2.44	4.24	1.44
Asset Turnover Ratio (%)	1.36	1.88	0.64	0.00
Current Ratio (X)	0.97	1.56	1.24	1.50
Quick Ratio (X)	0.67	1.02	0.72	0.68
Inventory Turnover Ratio (X)	6.74	6.67	5.49	0.00
Interest Coverage Ratio (X)	1.64	1.89	1.53	-2.76
Interest Coverage Ratio (Post Tax) (X)	1.03	1.06	0.37	9.05
Enterprise Value (Cr.)	372.53	338.47	713.16	47.08
EV / Net Operating Revenue (X)	1.26	0.96	6.36	2.97
EV / EBITDA (X)	19.38	19.05	119.23	-13.45
MarketCap / Net Operating Revenue (X)	0.67	0.57	5.29	0.58
Price / BV (X)	4.03	4.05	23.13	0.35
Price / Net Operating Revenue (X)	0.67	0.57	5.29	0.58
EarningsYield	-0.01	-0.01	0.00	6.83

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of HCP Plastene Bulkpack Ltd as of December 18, 2024 is: 6.73

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, HCP Plastene Bulkpack Ltd is Overvalued by 95.74% compared to the current share price 158.00

Intrinsic Value of HCP Plastene Bulkpack Ltd as of December 18, 2024 is: 4.00

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, HCP Plastene Bulkpack Ltd is Overvalued by 97.47% compared to the current share price 158.00

Last 5 Year EPS CAGR: -40.59%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (230.40 cr) and profit (10.00 cr) over the years.	The stock has a low average ROCE of 3.25%, which may not be favorable. The stock has a high average Working Capital Days of 99.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 87.50, which may not be favorable. The company has higher borrowings (122.00) compared to reserves (30.20), which may suggest financial risk.

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 HCP Plastene Bulkpack Ltd:
1. Net Profit Margin: 0.1%
  - 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: 10.45% (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%: -2.39% (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): 1.03
  - 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: 0.67
  - 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: 44.5 (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: 3.19
  - 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

HCP Plastene Bulkpack Ltd. is a Public Limited Listed company incorporated on 11/06/1984 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L25200GJ1984PLC050560 and registration number is 050560. Currently company belongs to the Industry of Packaging & Containers. Company’s Total Operating Revenue is Rs. 49.33 Cr. and Equity Capital is Rs. 10.23 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Packaging & Containers	H B Jirawala House, 13 Nav Bharat Society, Ahmedabad Gujarat 380013	cs@gopalapolyplast.com http://www.gopalapolyplast.com

Management
Name	Position Held
Mr. Anil Shyamsunder Goyal	Chairman
Mr. Prakash Hiralal Parekh	Managing Director
Mr. Sandeep Motilal Shah	Ind. Non-Executive Director
Ms. Meenu Maheshwari	Ind. Non-Executive Director
Mr. Ashutosh Maheshwari	Ind. Non-Executive Director
Dr. Ranjeet Mal kastia	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of HCP Plastene Bulkpack Ltd?

The latest intrinsic value of HCP Plastene Bulkpack Ltd as on 18 December 2024 is ₹6.73, which is 95.74% lower than the current market price of ₹158.00. The stock has a market capitalization of 169 Cr. and recorded a high/low of ₹294/147 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹42 Cr and total liabilities of ₹263 Cr.

What is the Market Cap of HCP Plastene Bulkpack Ltd?

The Market Cap of HCP Plastene Bulkpack Ltd is 169 Cr..

What is the current Stock Price of HCP Plastene Bulkpack Ltd as on 18 December 2024?

The current stock price of HCP Plastene Bulkpack Ltd as on 18 December 2024 is 158.

What is the High / Low of HCP Plastene Bulkpack Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of HCP Plastene Bulkpack Ltd stocks is 294/147.

What is the Stock P/E of HCP Plastene Bulkpack Ltd?

The Stock P/E of HCP Plastene Bulkpack Ltd is 44.5.

What is the Book Value of HCP Plastene Bulkpack Ltd?

The Book Value of HCP Plastene Bulkpack Ltd is 49.4.

What is the Dividend Yield of HCP Plastene Bulkpack Ltd?

The Dividend Yield of HCP Plastene Bulkpack Ltd is 0.00 %.

What is the ROCE of HCP Plastene Bulkpack Ltd?

The ROCE of HCP Plastene Bulkpack Ltd is 5.83 %.

What is the ROE of HCP Plastene Bulkpack Ltd?

The ROE of HCP Plastene Bulkpack Ltd is 0.30 %.

What is the Face Value of HCP Plastene Bulkpack Ltd?

The Face Value of HCP Plastene Bulkpack Ltd is 10.0.