TPL Plastech Limited (TPLPLASTEH) AI Stock Analysis

• Market Cap: ₹4.76B
• Dividend Yield: 1.49%
• Average Volume (3M): 3.86K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 1.46
• Revenue Growth: 14.78%
• EPS Growth: 19.77%
• Country: IN
• Employees: 157
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Packaging & Containers
• EPS (TTM): 0.88
• 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)

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 profit growth

Sustained revenue and profit expansion indicates durable demand and competitive product positioning. Over multiple years this improves bargaining power with suppliers, enables reinvestment in capacity or R&D, and supports long-term margin and cash generation resilience.

Healthy and stable operating margins

Stable, healthy margins reflect effective cost management and operational efficiency in a packaging business where scale and process control matter. Durable margin performance provides a buffer against input cost swings and supports sustained profitability and cash flow.

Solid balance sheet and improving ROE

A strong equity ratio and improving ROE signal financial stability and efficient capital use. This durable strength lowers insolvency risk, preserves access to credit on reasonable terms, and supports strategic investments without excessive shareholder dilution.

Negative Factors

Rising total debt

An upward trend in total debt raises interest and refinancing risk over time. Higher leverage can constrain capital allocation, reduce flexibility for capex or dividends, and amplify earnings volatility if margins deteriorate or cycle weakens.

Declining and variable free cash flow

Weakened free cash flow limits the company's ability to self-fund growth, deleverages, or return cash to shareholders. Persistent variability increases reliance on external financing, raising cost of capital and constraining strategic initiatives over the medium term.

Limited scale and market liquidity

Relatively small operational scale and low trading liquidity can hinder rapid market share expansion and make large capital raises or M&A integration more difficult. Lower market liquidity may also increase transaction costs and limit investor base depth.

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

TPL Plastech Limited generates revenue through multiple key streams, primarily by manufacturing and selling a wide range of plastic products to various industries, including packaging, automotive, and consumer goods. The company engages in direct sales to clients and also partners with distributors to expand its market reach. Significant contracts with major corporations in these sectors contribute to stable revenue flows. Additionally, TPL Plastech invests in research and development to create innovative products, which often leads to premium pricing and higher margins. Partnerships with key players in the sustainability movement enable TPL Plastech to tap into growing markets for eco-friendly packaging solutions, further enhancing its revenue potential.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.63B	3.49B	3.13B	2.71B	2.28B	1.70B
Gross Profit	741.10M	716.80M	502.70M	434.05M	382.56M	308.40M
EBITDA	421.39M	406.47M	367.87M	323.72M	274.99M	200.50M
Net Income	245.91M	235.93M	198.48M	160.34M	133.01M	80.05M
Balance Sheet
Total Assets	0.00	2.45B	2.32B	2.24B	2.07B	1.90B
Cash, Cash Equivalents and Short-Term Investments	54.81M	54.81M	49.82M	42.55M	39.48M	36.19M
Total Debt	0.00	457.46M	315.70M	449.89M	201.91M	285.63M
Total Liabilities	-1.48B	977.50M	1.01B	1.09B	1.04B	980.63M
Stockholders Equity	1.48B	1.48B	1.30B	1.15B	1.03B	919.19M
Cash Flow
Free Cash Flow	0.00	-80.14M	134.66M	-192.47M	174.45M	167.10M
Operating Cash Flow	0.00	163.21M	292.79M	-17.58M	229.94M	205.46M
Investing Cash Flow	0.00	-224.52M	-56.83M	-98.84M	-43.69M	-35.10M
Financing Cash Flow	0.00	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 64.64, below the 50-day MA of 66.24, and below the 200-day MA of 74.14, indicating a bearish trend. The MACD of -1.65 indicates Positive momentum. The RSI at 35.10 is Neutral, neither overbought nor oversold. The STOCH value of 22.47 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
OCCL	72 Outperform	₹1.17B	10.38	―	10.99%	-76.65%	-76.77%
TPLPLASTEH	71 Outperform	₹4.76B	18.23	―	1.49%	14.78%	19.77%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DMCC	61 Neutral	₹5.80B	20.83	―	0.97%	40.79%	109.95%
KUANTUM	60 Neutral	₹7.41B	11.41	―	3.24%	-9.47%	-54.96%
TOKYOPLAST	58 Neutral	₹1.13B	90.36	―	―	9.27%	43.14%

TPL Plastech Limited Corporate Events

TPL Plastech Limited Reports Strong Q2 & H1 FY26 Financial Results

TPL Plastech Limited reported strong financial results for Q2 and H1 FY26, with a 20.1% increase in revenue and a 27.8% rise in profit after tax. The company’s growth was driven by increased demand and the ramp-up of its Dahej Greenfield facility. TPL Plastech plans to invest in automation and green energy to further improve productivity and reduce costs, aiming to enhance its return on capital employed.