Plastiblends India Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹424 Cr
- P/E
- 9.23
- ROE
- 7.59%
- PEG
- 1.17
- Price to sales
- 0.50
- Debt to equity
- 0.03
- 52W high / low
- ₹205 / ₹122
- Sales growth (5Y)
- 6.70%
- EBITDA margin
- 7.88%
- Net profit margin
- 4.33%
- Promoter holding
- 62.06%
- Sales (last year)
- ₹847 Cr
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Financials of Plastiblends (I)
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Plastiblends (I)
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 64.38% | 64.38% | 64.38% | 64.38% | 63.08% | 63.08% | 62.85% | 62.82% | 62.82% | 62.82% | 62.82% | 62.07% |
| FIIs + | 0.82% | 0.84% | 0.73% | 0.65% | 0.64% | 0.69% | 0.53% | 0.24% | 0.24% | 0.24% | 0.25% | 0.26% |
| Public + | 34.80% | 34.79% | 34.88% | 34.97% | 36.28% | 36.24% | 36.62% | 36.94% | 36.96% | 36.95% | 36.93% | 37.68% |
| No. of Shareholders | 14,549 | 15,146 | 15,309 | 17,494 | 16,895 | 16,655 | 17,125 | 17,808 | 17,497 | 17,034 | 17,546 | 18,534 |
Financials of Plastiblends (I)
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 210 | 197 | 199 | 212 | 185 | 184 | 199 | 200 | 193 | 186 | 211 | 222 | 229 |
| Expenses + | 196 | 186 | 183 | 195 | 176 | 173 | 185 | 186 | 182 | 176 | 192 | 200 | 213 |
| Operating Profit | 14 | 11 | 16 | 16 | 10 | 11 | 14 | 13 | 11 | 10 | 19 | 22 | 16 |
| OPM % | 7% | 6% | 8% | 8% | 5% | 6% | 7% | 7% | 6% | 5% | 9% | 10% | 7% |
| Other Income + | 3 | 2 | 2 | 2 | 3 | 2 | 2 | 3 | 4 | 3 | 4 | 2 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 13 | 9 | 14 | 15 | 8 | 9 | 13 | 12 | 10 | 9 | 18 | 20 | 15 |
| Tax % | 26% | 27% | 23% | 26% | 24% | 27% | 25% | 25% | 26% | 25% | 24% | 26% | 27% |
| Net Profit + | 10 | 7 | 11 | 11 | 6 | 7 | 10 | 9 | 7 | 6 | 14 | 15 | 11 |
| EPS in Rs | 3.67 | 2.54 | 4.13 | 4.17 | 2.43 | 2.58 | 3.68 | 3.43 | 2.86 | 2.49 | 5.33 | 5.75 | 4.10 |
Financials of Plastiblends (I)
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 484 | 511 | 545 | 568 | 627 | 587 | 555 | 699 | 751 | 781 | 758 | 768 | 847 |
| Expenses + | 433 | 452 | 481 | 513 | 567 | 519 | 487 | 637 | 701 | 726 | 706 | 715 | 780 |
| Operating Profit | 51 | 59 | 64 | 55 | 60 | 67 | 69 | 62 | 50 | 55 | 52 | 53 | 67 |
| OPM % | 10% | 12% | 12% | 10% | 10% | 12% | 12% | 9% | 7% | 7% | 7% | 7% | 8% |
| Other Income + | 2 | 2 | 1 | 2 | 1 | 3 | 4 | 6 | 5 | 8 | 9 | 13 | 12 |
| Interest | 4 | 4 | 8 | 8 | 8 | 1 | 3 | 3 | 2 | 1 | 1 | 2 | 2 |
| Depreciation | 6 | 6 | 11 | 12 | 12 | 17 | 16 | 16 | 16 | 15 | 15 | 15 | 15 |
| Profit before tax | 43 | 52 | 46 | 38 | 42 | 52 | 53 | 49 | 36 | 46 | 45 | 49 | 62 |
| Tax % | 30% | 27% | 30% | 28% | 25% | 28% | 30% | 25% | 26% | 25% | 26% | 25% | |
| Net Profit + | 30 | 38 | 33 | 27 | 31 | 37 | 37 | 37 | 27 | 35 | 33 | 37 | 46 |
| EPS in Rs | 11.56 | 14.49 | 12.58 | 10.51 | 11.99 | 14.31 | 14.37 | 14.12 | 10.33 | 13.29 | 12.87 | 14.12 | 17.67 |
| Dividend Payout % | 24% | 24% | 10% | 24% | 23% | 26% | 28% | 28% | 39% | 32% | 19% | 21% |
Financials of Plastiblends (I)
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 151 | 178 | 217 | 235 | 256 | 268 | 317 | 368 | 382 | 392 | 415 | 436 | 498 |
| Borrowings + | 20 | 82 | 91 | 105 | 78 | 48 | 32 | 45 | 9 | 8 | 5 | 22 | 17 |
| Other Liabilities + | 80 | 94 | 84 | 88 | 67 | 80 | 91 | 92 | 81 | 69 | 75 | 86 | 98 |
| Total Liabilities | 258 | 361 | 399 | 442 | 414 | 409 | 453 | 518 | 484 | 482 | 507 | 558 | 626 |
| Fixed Assets + | 73 | 151 | 169 | 176 | 173 | 180 | 179 | 189 | 181 | 176 | 170 | 180 | 187 |
| CWIP | 5 | 1 | 0 | 1 | 0 | 3 | 9 | 2 | 0 | 1 | 3 | 6 | 11 |
| Investments | 3 | 3 | 10 | 11 | 8 | 4 | 22 | 51 | 67 | 71 | 56 | 56 | 76 |
| Other Assets + | 177 | 206 | 219 | 255 | 233 | 222 | 242 | 275 | 236 | 235 | 277 | 316 | 351 |
| Total Assets | 258 | 361 | 399 | 442 | 414 | 409 | 453 | 518 | 484 | 482 | 507 | 558 | 626 |
Financials of Plastiblends (I)
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 37 | 71 | 25 | 15 | 59 | 74 | 48 | 15 | 72 | 38 | 9 | 21 |
| Cash from Investing Activity + | -19 | -80 | -25 | -17 | -8 | -20 | -27 | -5 | -26 | -27 | 6 | -33 |
| Cash from Financing Activity + | -18 | 9 | -0 | 3 | -51 | -55 | -19 | -12 | -45 | -11 | -12 | -8 |
| Net Cash Flow | -1 | -0 | -0 | 0 | -1 | -1 | 1 | -1 | 1 | -0 | 3 | -20 |
| Free Cash Flow | 17 | -10 | -1 | -3 | 50 | 54 | 27 | 10 | 64 | 26 | -2 | -6 |
| CFO/OP | 98% | 139% | 57% | 50% | 124% | 131% | 84% | 44% | 166% | 91% | 40% | 61% |
Financials of Plastiblends (I)
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70 | 77 | 74 | 78 | 77 | 63 | 62 | 62 | 44 | 41 | 54 | 62 |
| Inventory Days | 47 | 57 | 66 | 84 | 62 | 85 | 115 | 93 | 76 | 76 | 88 | 96 |
| Days Payable | 30 | 50 | 34 | 35 | 12 | 17 | 24 | 16 | 17 | 14 | 18 | 21 |
| Cash Conversion Cycle | 86 | 84 | 106 | 127 | 127 | 131 | 153 | 139 | 102 | 104 | 124 | 137 |
| Working Capital Days | 71 | 62 | 73 | 72 | 77 | 81 | 95 | 93 | 86 | 84 | 104 | 106 |
| ROCE % | 27% | 25% | 19% | 14% | 14% | 16% | 16% | 13% | 9% | 11% | 10% | 11% |
Momentum score · price trend
37 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +11.0% | 65% |
| Last 6 months | +42.6% | 80% |
| Last 3 months | +10.4% | 76% |
The price is 44% below its all-time high of ₹360.25 (30 Aug 2024). Stocks more than 20% below their peak have their score halved, so 73 became 37.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Plastiblends (I): 0.4 × 65 + 0.4 × 80 + 0.2 × 76 = 73, halved to 37 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 9 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
