Plastiblends India Limited (IN:PLASTIBLEN)
:PLASTIBLEN
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Plastiblends India Limited
(PLASTIBLEN)
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Rating:67Neutral
Price Target:
₹187.00
▲(13.71% Upside)
Action:DowngradedDate:04/30/26
The score is anchored by mixed financial performance—strong balance-sheet positioning offset by margin/EBIT volatility and notably weak recent free cash flow. Technicals are supportive with a clear uptrend and positive momentum, while valuation is reasonable with a modest dividend yield.
Positive Factors
Conservative balance sheet
Plastiblends' low leverage and steadily rising equity create durable financial flexibility: the company can fund working-capital cycles, targeted capex, or R&D without heavy reliance on external debt, lowering refinancing risk and supporting stability through industry cycles.
Negative Factors
Weak and volatile free cash flow
Recent negative and volatile free cash flow undermines the company's ability to fund dividends, debt reduction, or organic growth without external financing. Persistent FCF deficits suggest working-capital strain or higher capex, reducing financial predictability and strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Plastiblends' low leverage and steadily rising equity create durable financial flexibility: the company can fund working-capital cycles, targeted capex, or R&D without heavy reliance on external debt, lowering refinancing risk and supporting stability through industry cycles.
Read all positive factors
Plastiblends India Limited (PLASTIBLEN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.36B
Dividend Yield1.53%
Average Volume (3M)2.23K
Price to Earnings (P/E)8.6
Beta (1Y)1.33
Revenue Growth1.05%
EPS Growth9.68%
CountryIN
Employees477
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)12.55
Shares Outstanding25,989,200
10 Day Avg. Volume2,214
30 Day Avg. Volume2,225
Financial Highlights & Ratios
PEG Ratio0.89
Price to Book (P/B)0.70
Price to Sales (P/S)0.40
P/FCF Ratio-38.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Plastiblends India Limited Business Overview & Revenue Model
Company Description
Plastiblends India Limited manufactures and sells color and additive masterbatches, and thermoplastic compounds for the plastic processing industry in India. The company's products include white, black, color, additive, filler, and PET masterbatch...
How the Company Makes Money
Plastiblends makes money primarily by selling polymer compounds and masterbatches to manufacturers that convert these materials into finished plastic parts and products. Its core revenue stream is product sales (typically priced per kilogram/tonne...
Plastiblends India Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.76B | 7.89B | 7.80B | 8.02B | 7.69B | 7.14B |
| Gross Profit | 1.82B | 1.42B | 1.99B | 1.94B | 820.69M | 1.69B |
| EBITDA | 582.55M | 530.13M | 519.75M | 619.00M | 541.17M | 681.68M |
| Net Income | 326.44M | 366.88M | 334.42M | 345.25M | 268.51M | 366.99M |
Balance Sheet | ||||||
| Total Assets | 5.26B | 5.58B | 5.07B | 4.82B | 4.84B | 5.18B |
| Cash, Cash Equivalents and Short-Term Investments | 321.85M | 466.53M | 378.31M | 487.27M | 289.51M | 79.26M |
| Total Debt | 245.79M | 223.11M | 47.88M | 78.12M | 87.13M | 466.94M |
| Total Liabilities | 906.56M | 1.09B | 793.32M | 770.79M | 894.48M | 1.36B |
| Stockholders Equity | 4.35B | 4.49B | 4.28B | 4.05B | 3.95B | 3.81B |
Cash Flow | ||||||
| Free Cash Flow | -208.79M | -81.33M | -25.36M | 257.65M | 641.83M | 97.57M |
| Operating Cash Flow | -6.31M | 198.16M | 88.61M | 380.63M | 723.10M | 154.45M |
| Investing Cash Flow | -160.83M | -334.23M | 62.54M | -274.38M | -261.77M | -47.60M |
| Financing Cash Flow | -71.75M | -64.63M | -119.00M | -110.20M | -452.67M | -117.08M |
Plastiblends India Limited Technical Analysis
Positive
164.45
Price Trends
143.41
Positive
152.21
Negative
171.22
Negative
Market Momentum
2.39
Negative
63.78
Neutral
96.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PLASTIBLEN, the sentiment is Positive. The current price of 164.45 is above the 20-day moving average (MA) of 136.03, above the 50-day MA of 143.41, and below the 200-day MA of 171.22, indicating a neutral trend. The MACD of 2.39 indicates Negative momentum. The RSI at 63.78 is Neutral, neither overbought nor oversold. The STOCH value of 96.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PLASTIBLEN.
Plastiblends India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹5.64B | 11.68 | ― | 0.37% | 9.61% | 6.53% | |
67 Neutral | ₹4.36B | 8.61 | ― | 1.53% | 1.05% | 9.68% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹6.83B | 20.52 | ― | 3.24% | -5.23% | -56.30% | |
55 Neutral | ₹346.97M | -5.93 | ― | ― | -2.79% | -330.04% | |
49 Neutral | ₹4.29B | -229.02 | ― | 0.22% | -25.15% | -305.39% |
* Basic Materials Sector Average
IN:PLASTIBLEN
Plastiblends India Limited
167.65
-15.15
-8.29%
IN:KRITI
Kriti Industries (India) Ltd.
81.39
-26.58
-24.62%
IN:KUANTUM
Kuantum Papers Limited
78.27
-22.71
-22.49%
IN:PEARLPOLY
Pearl Polymers Limited
20.61
-10.27
-33.26%
IN:PREMIERPOL
Premier Polyfilm Limited
53.88
-5.19
-8.79%
IN:TIRUPATI
Shree Tirupati Balajee FIBC Ltd.
465.40
-211.95
-31.29%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.