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Swing Capital

Plastiblends India Ltd

NSE: PLASTIBLEN BSE: 523648

Plastiblends India Ltd (PLASTIBLEN) is a Diversified company listed on NSE: PLASTIBLEN | BSE: 523648. With a market cap of ₹415 Cr and ROCE of 11.3%, ROE of 8.37%, it operates in the Indian Diversified sector.

₹160
52W: ₹121 — ₹232
PE 11.3 · Book ₹173 · -8% vs book
Market Cap₹415 Cr
Stock P/E11.3Price to Earnings
ROCE11.3%Return on Capital
ROE8.37%Return on Equity
Div. Yield1.57%Face Value ₹5

Strengths

  • +Company is almost debt free.
  • +Stock is trading at 0.92 times its book value
  • +Company has been maintaining a healthy dividend payout of 24.2%

Weaknesses

  • −The company has delivered a poor sales growth of 7.27% over past five years.
  • −Company has a low return on equity of 8.07% over last 3 years.

Shareholding Pattern

Promoters62.82%
FIIs0.24%
DIIs0%
Public36.95%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters64.38%64.38%63.08%▼1.363.08%62.85%▼0.262.82%▼0.062.82%62.82%
FIIs0.73%0.65%▼0.10.64%▼0.00.69%▲0.00.53%▼0.20.24%▼0.30.24%0.24%
DIIs0%0%0%0%0%0%0%0%
Public34.88%34.97%▲0.136.28%▲1.336.24%▼0.036.62%▲0.436.94%▲0.336.96%▲0.036.95%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales197199212185184199200193186211
Expenses186183195176173185186182176192
Operating Profit11161610111413111019
OPM %6%8%8%5%6%7%7%6%5%9%
Net Profit71111671097614
EPS ₹2.544.134.172.432.583.683.432.862.495.33

AI Insights

Revenue Trend

Mar 2026 revenue at ₹789Cr, up 4.1% YoY. OPM at 7%.

Debt Position

Borrowings at ₹22Cr. Debt-to-equity ratio: 0.05x. Healthy balance sheet.

Capex Cycle

CWIP at ₹6Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (-0.22pp change). FIIs: 0.24% (-0.51pp change). Promoters hold 62.82%.

Margin & Efficiency

ROCE declining from 27% (Mar 2015) to 11% (Mar 2026). Working capital days: 122.

Valuation

PE 11.3x with 11.3% ROCE. Price is -8% above book value of ₹173. Dividend yield: 1.57%.

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