TPL Plastech Limited (TPLPLASTEH) AI Stock Analysis

• Market Cap: ₹4.74B
• Dividend Yield: 1.49%
• Average Volume (3M): 3.86K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.22
• Revenue Growth: 14.78%
• EPS Growth: 19.77%
• Country: IN
• Employees: 157
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Packaging & Containers
• EPS (TTM): 1.11
• Shares Outstanding: 78,003,000
• 10 Day Avg. Volume: 3,501
• 30 Day Avg. Volume: 3,861
• PEG Ratio: 1.36
• Price to Book (P/B): 4.12
• Price to Sales (P/S): 1.74
• P/FCF Ratio: -75.82
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ₹67.00 ▲(1.27% Upside)
• Action: Reiterated Date: 11/12/25
• Date: Action: Reiterated 11/12/25

TPL Plastech Limited's strong financial performance is the primary driver of its stock score, supported by solid revenue and profit growth. Technical indicators suggest a cautious outlook with potential bearish trends. The valuation is moderate, offering some income potential through dividends. Focus on improving cash flow and monitoring debt levels will be crucial for future success.

Positive Factors

Consistent revenue and earnings growth

Sustained top-line and EPS growth indicates durable demand for the company’s products and effective execution. Over a 2–6 month horizon this supports reinvestment capacity, strengthens operating leverage and underpins the company’s ability to fund growth initiatives without relying solely on external financing.

Healthy and improving margins

Consistently healthy gross and improving net margins show sustainable operating efficiency and pricing power. This durability in margins supports free cash generation and resilience through commodity or input cost cycles, enabling steady reinvestment and shareholder returns.

Solid balance sheet with improving ROE

A strong equity ratio and rising ROE reflect efficient capital use and financial stability. Balanced leverage gives the company flexibility to fund capex or acquisitions and reduces refinancing risk, supporting long-term strategic initiatives and investor confidence.

Negative Factors

Increasing total debt over time

Rising total debt increases interest and refinancing exposure, which can constrain financial flexibility over several months. If leverage grows faster than earnings or cash flow, it could limit the company’s ability to pursue growth, make acquisitions, or absorb cyclical shocks without raising costly capital.

Variable and recently weaker free cash flow

A decline and variability in free cash flow weakens the company’s ability to internally fund capex, reduce debt, or sustain distributions. Over the medium term this elevates reliance on external financing for strategic investments and raises the importance of improving operational cash conversion.

Capital expenditure pressures reducing FCF

Higher capex that depresses free cash flow signals reinvestment needs which, while potentially value-creating, can strain liquidity near term. Until those investments generate incremental returns, capex-driven FCF pressure may limit flexibility to delever or increase shareholder distributions.

TPL Plastech Limited Business Overview & Revenue Model

Company Description

TPL Plastech Ltd. is a holding company, which engages in the manufacture of plastic and polymer products. The company is headquartered in Mumbai, Maharashtra. The firm's segment includes polymer products and all its business operations are in India. The firm offers narrow mouth drums of 210, 235 and 250 liters capacity. The company offers narrow mouth and wide mouth carboys with capacities of 25 and 35 liters narrow mouth, 50 liters rocket type, 50 liters wide mouth, 50 liters two opening, 100 liters narrow mouth and 100 liters wide mouth. The firm provides open top drums-bulk and medium with capacities of 35, 50, 60, 210 and 235 liters. The company also offers polyethylene (PE) pipes in various material grades, PE-63, PE-80 and PE-100, in range of 20 millimeter outer diameter (OD) to 280 millimeter OD. The firm's PE pipes are used in applications, such as portable water services or distribution lines, sewerage and drainage, cable ducting, natural gas distribution, irrigation, waste disposal, industrial application and offshore pipeline installation.

How the Company Makes Money

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TPL Plastech Limited Financial Statement Overview

Summary

TPL Plastech Limited shows strong revenue and profit growth with effective cost management. The balance sheet is solid, though increasing debt requires monitoring. Cash flow management needs improvement to enhance financial flexibility.

Income Statement

TPL Plastech Limited has demonstrated consistent revenue growth over the past few years, with a particularly strong increase in the most recent year. The gross profit margin is healthy, indicating effective cost management. The net profit margin has also improved, reflecting stronger profitability. EBIT and EBITDA margins are stable, showing efficient operations. However, there's room for improvement in further enhancing profitability.

Balance Sheet

The company maintains a solid balance sheet with a reasonable debt-to-equity ratio, indicating a balanced approach to leverage. Return on equity has shown improvement, suggesting increased profitability for shareholders. The equity ratio is strong, highlighting financial stability. However, the increase in total debt over the years poses a potential risk that needs careful monitoring.

Cash Flow

TPL Plastech Limited has experienced variability in cash flows, with a recent decline in free cash flow. The operating cash flow to net income ratio indicates good cash generation from operations, though the free cash flow to net income ratio is lower, pointing to capital expenditure impacts. The company should focus on improving free cash flow generation to support growth and financial flexibility.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.81B	3.49B	3.13B	2.71B	2.28B	1.70B
Gross Profit	734.84M	716.80M	502.70M	434.05M	382.56M	308.40M
EBITDA	442.73M	406.47M	367.87M	323.72M	274.99M	200.50M
Net Income	260.82M	235.93M	198.48M	160.34M	133.01M	80.05M
Balance Sheet
Total Assets	2.50B	2.45B	2.32B	2.24B	2.07B	1.90B
Cash, Cash Equivalents and Short-Term Investments	57.12M	54.81M	49.82M	42.55M	39.48M	36.19M
Total Debt	218.41M	457.46M	315.70M	449.89M	201.91M	285.63M
Total Liabilities	976.82M	977.50M	1.01B	1.09B	1.04B	980.63M
Stockholders Equity	1.52B	1.48B	1.30B	1.15B	1.03B	919.19M
Cash Flow
Free Cash Flow	350.27M	-80.14M	134.66M	-192.47M	174.45M	167.10M
Operating Cash Flow	420.77M	163.21M	292.79M	-17.58M	229.94M	205.46M
Investing Cash Flow	-78.34M	-224.52M	-56.83M	-98.84M	-43.69M	-35.10M
Financing Cash Flow	-342.58M	61.23M	-235.41M	116.19M	-188.38M	-186.95M

TPL Plastech Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 66.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TPLPLASTEH, the sentiment is Negative. The current price of 66.16 is above the 20-day moving average (MA) of 64.46, above the 50-day MA of 64.89, and below the 200-day MA of 71.53, indicating a bearish trend. The MACD of -1.34 indicates Positive momentum. The RSI at 44.43 is Neutral, neither overbought nor oversold. The STOCH value of 52.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TPLPLASTEH.

TPL Plastech Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TPLPLASTEH	71 Outperform	₹4.74B	15.16	―	1.49%	14.78%	19.77%
OCCL	67 Neutral	₹929.58M	18.71	―	10.99%	-76.65%	-76.77%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DMCC	61 Neutral	₹5.47B	25.70	―	0.97%	40.79%	109.95%
KUANTUM	60 Neutral	₹6.83B	20.52	―	3.24%	-9.47%	-54.96%
TOKYOPLAST	49 Neutral	₹663.58M	-196.76	―	―	9.27%	43.14%