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Last Updated: April 2, 2026, 4:46 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 526717 | NSE: HPBL

HCP Plastene Bulkpack Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹78.93Overvalued by 52.45%vs CMP ₹166.00

P/E (8.8) × ROE (17.5%) × BV (₹63.40) × DY (0.60%)

₹227.45Undervalued by 37.02%vs CMP ₹166.00
MoS: +27% (Adequate)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹147.3030%Over (-11.3%)
Graham NumberEarnings₹163.6318%Fair (-1.4%)
DCFCash Flow₹524.7914%Under (+216.1%)
Net Asset ValueAssets₹63.7710%Over (-61.6%)
EV/EBITDAEnterprise₹205.3912%Under (+23.7%)
Earnings YieldEarnings₹187.7010%Under (+13.1%)
Revenue MultipleRevenue₹434.237%Under (+161.6%)
Consensus (7 models)₹227.45100%Undervalued
Key Drivers: EPS CAGR 86.6% lifts DCF — verify sustainability. | Wide model spread (₹64–₹525) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 86.6%

*Investments are subject to market risks

Investment Snapshot

65
HCP Plastene Bulkpack Ltd scores 65/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health49/100 · Moderate
ROCE 13.2% GoodROE 17.5% GoodD/E 1.44 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money70/100 · Strong
FII holding up 4.43% (6mo) AccumulatingPromoter holding at 75.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 7% Steady
Quarterly Momentum100/100 · Strong
Revenue (4Q): +36% YoY AcceleratingProfit (4Q): +304% YoY StrongOPM: 15.7% (up 8.9% YoY) Margin expansion
Industry Rank70/100 · Strong
P/E 8.8 vs industry 12.6 In-lineROCE 13.2% vs industry 12.9% AverageROE 17.5% vs industry 13.9% Above peers3Y sales CAGR: 60% High growth

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, 4:46 am

Market Cap 177 Cr.
Current Price 166
Intrinsic Value₹227.45
High / Low 216/88.8
Stock P/E8.84
Book Value 63.4
Dividend Yield0.60 %
ROCE13.2 %
ROE17.5 %
Face Value 10.0
PEG Ratio0.10

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

View Share Price Target for HCP Plastene Bulkpack Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
HCP Plastene Bulkpack Ltd 177 Cr. 166 216/88.88.84 63.40.60 %13.2 %17.5 % 10.0
Huhtamaki India Ltd 1,219 Cr. 161 273/14910.4 1631.24 %13.0 %9.84 % 2.00
Time Technoplast Ltd 8,270 Cr. 168 249/15318.5 61.60.75 %17.4 %14.2 % 1.00
Flexituff Ventures International Ltd 21.0 Cr. 6.39 44.0/6.04 7.080.00 %8.07 %% 10.0
Industry Average3,222.00 Cr125.3512.5873.770.65%12.92%13.85%5.75

All Competitor Stocks of HCP Plastene Bulkpack Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 69.4677.2259.3778.8779.6876.63104.70117.08119.37122.28125.75197.70121.27
Expenses 66.0074.1157.9974.0374.6971.1598.11109.57111.18109.36116.60186.44102.18
Operating Profit 3.463.111.384.844.995.486.597.518.1912.929.1511.2619.09
OPM % 4.98%4.03%2.32%6.14%6.26%7.15%6.29%6.41%6.86%10.57%7.28%5.70%15.74%
Other Income 0.020.320.250.890.201.221.300.570.931.886.531.951.56
Interest 2.323.102.502.723.073.453.333.433.973.894.164.546.48
Depreciation 1.951.841.801.891.811.801.711.702.061.821.821.831.89
Profit before tax -0.79-1.51-2.671.120.311.452.852.953.099.099.706.8412.28
Tax % -32.91%-37.09%-19.85%14.29%6.45%16.55%26.32%26.44%28.80%-15.95%26.39%26.90%32.17%
Net Profit -0.55-0.95-2.140.960.281.212.102.172.2010.547.145.008.34
EPS in Rs -0.23-1.22-1.410.21-0.420.521.361.411.414.723.763.716.58

Last Updated: March 3, 2026, 9:14 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:10 am

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 16112351295463567
Expenses 19106334278428515
Operating Profit -3618173552
OPM % -20%5%5%6%8%9%
Other Income 53113512
Interest 1410121519
Depreciation 557777
Profit before tax 44-3101838
Tax % -46%-22%36%-55%26%
Net Profit 64-2101331
EPS in Rs 38.79-2.86-2.07-1.119.0218.77
Dividend Payout % 0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2021-20222022-20232023-2024
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:60%
TTM:43%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:73%
TTM:577%
Stock Price CAGR
10 Years:23%
5 Years:110%
3 Years:-28%
1 Year:2%
Return on Equity
10 Years:%
5 Years:%
3 Years:4%
Last Year:18%

Last Updated: September 5, 2025, 3:41 pm

Balance Sheet

Last Updated: December 4, 2025, 3:02 am

MonthMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 101011111111
Reserves 161539394957
Borrowings 38109123158190201
Other Liabilities 83927253554
Total Liabilities 72174200233285322
Fixed Assets 277984777370
CWIP 001401
Investments 001101
Other Assets 4594115152212251
Total Assets 72174200233285322

Reserves and Borrowings Chart

Cash Flow

MonthMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -16-23-20-19-19
Cash from Investing Activity + -1-57-13-51
Cash from Financing Activity + 1481342418
Net Cash Flow -301-10
Free Cash Flow -17-80-33-23-18
CFO/OP 499%-420%-102%-100%-54%

Free Cash Flow

MonthMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-41.00-103.00-105.00-141.00-155.00

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 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 7687297071
Inventory Days 225115386561
Days Payable 24594107-1
Cash Conversion Cycle 5610857129133
Working Capital Days 854328-57
ROCE %1%6%6%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 89.00%89.00%89.00%76.39%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs 0.18%0.18%0.18%0.18%0.17%0.20%0.07%0.07%0.07%0.07%4.50%4.50%
DIIs 4.80%4.80%4.80%4.80%4.80%4.80%4.80%4.80%4.80%4.80%4.80%4.80%
Public 6.04%6.03%6.02%18.63%20.03%20.01%20.14%20.13%20.13%20.13%15.70%15.71%
No. of Shareholders 4,8714,7674,7065,1995,0024,9975,0235,0815,2825,1475,0035,044

Shareholding Pattern Chart

No. of Shareholders

HCP Plastene Bulkpack Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 12.570.371.06-2.3965.80
Diluted EPS (Rs.) 12.500.371.01-2.3965.80
Cash EPS (Rs.) 19.347.127.632.7367.17
Book Value[Excl.RevalReserv]/Share (Rs.) 55.8146.3960.3936.0825.70
Book Value[Incl.RevalReserv]/Share (Rs.) 55.8146.3960.3936.0825.70
Revenue From Operations / Share (Rs.) 434.14275.94329.30109.6315.51
PBDIT / Share (Rs.) 37.3918.0116.655.84-3.42
PBIT / Share (Rs.) 30.5611.189.730.72-8.43
PBT / Share (Rs.) 16.870.181.11-3.0942.53
Net Profit / Share (Rs.) 12.510.280.71-2.3962.17
NP After MI And SOA / Share (Rs.) 9.02-1.11-2.07-2.3962.17
PBDIT Margin (%) 8.616.525.055.33-22.05
PBIT Margin (%) 7.034.042.950.65-54.33
PBT Margin (%) 3.880.060.33-2.81274.26
Net Profit Margin (%) 2.880.100.21-2.18400.86
NP After MI And SOA Margin (%) 2.07-0.40-0.62-2.18400.86
Return on Networth / Equity (%) 16.15-2.39-4.41-9.54241.85
Return on Capital Employeed (%) 28.3310.456.920.59-13.40
Return On Assets (%) 3.37-0.50-1.10-1.4187.93
Long Term Debt / Equity (X) 0.540.961.633.421.44
Total Debt / Equity (X) 3.193.192.444.241.44
Asset Turnover Ratio (%) 1.791.361.880.640.00
Current Ratio (X) 1.060.971.561.241.50
Quick Ratio (X) 0.720.671.020.720.68
Inventory Turnover Ratio (X) 10.089.356.675.490.00
Interest Coverage Ratio (X) 2.731.641.891.53-2.76
Interest Coverage Ratio (Post Tax) (X) 1.911.031.060.379.05
Enterprise Value (Cr.) 319.31372.53338.47713.1647.08
EV / Net Operating Revenue (X) 0.681.260.966.362.97
EV / EBITDA (X) 8.0019.3819.05119.23-13.45
MarketCap / Net Operating Revenue (X) 0.230.670.575.290.58
Price / BV (X) 1.854.034.0523.130.35
Price / Net Operating Revenue (X) 0.230.670.575.290.58
EarningsYield 0.08-0.01-0.010.006.83

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 118.09 Cr. and Equity Capital is Rs. 10.67 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Packaging & ContainersH B Jirawala House, Ahmedabad Gujarat 380013Contact not found
Management
NamePosition Held
Mr. Anil Shyamsunder GoyalChairman
Mr. Prakash Hiralal ParekhManaging Director
Mr. Sandeep Motilal ShahInd. Non-Executive Director
Ms. Meenu MaheshwariInd. Non-Executive Director
Dr. Ranjeet Mal kastiaInd. Non-Executive Director
Mr. Aman Prakash ParekhExecutive Director

FAQ

What is the intrinsic value of HCP Plastene Bulkpack Ltd and is it undervalued?

As of 15 April 2026, HCP Plastene Bulkpack Ltd's intrinsic value is ₹227.45, which is 37.02% higher than the current market price of ₹166.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (17.5 %), book value (₹63.4), dividend yield (0.60 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of HCP Plastene Bulkpack Ltd?

HCP Plastene Bulkpack Ltd is trading at ₹166.00 as of 15 April 2026, with a FY2026-2027 high of ₹216 and low of ₹88.8. The stock is currently in the middle of its 52-week range. Market cap stands at ₹177 Cr..

How does HCP Plastene Bulkpack Ltd's P/E ratio compare to its industry?

HCP Plastene Bulkpack Ltd has a P/E ratio of 8.84, which is below the industry average of 12.58. This is broadly in line with or below the industry average.

Is HCP Plastene Bulkpack Ltd financially healthy?

Key indicators for HCP Plastene Bulkpack Ltd: ROCE of 13.2 % is moderate; ROE of 17.5 % shows strong shareholder returns. Dividend yield is 0.60 %.

Is HCP Plastene Bulkpack Ltd profitable and how is the profit trend?

HCP Plastene Bulkpack Ltd reported a net profit of ₹13 Cr in Mar 2025 on revenue of ₹463 Cr. Compared to ₹-2 Cr in Mar 2022, the net profit shows an improving trend.

Does HCP Plastene Bulkpack Ltd pay dividends?

HCP Plastene Bulkpack Ltd has a dividend yield of 0.60 % at the current price of ₹166.00. 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 HCP Plastene Bulkpack 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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