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Plastiblends India Limited
(PLASTIBLEN)
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Rating:65Neutral
Price Target:
₹205.00
▲(24.66% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily driven by mixed financial performance: strong balance-sheet quality and steady net profits are offset by recent negative free cash flow and margin/EBIT volatility. Technicals add moderate support with an upward longer-term trend and positive MACD, while valuation (low P/E with a modest yield) provides an additional, smaller positive anchor.
Positive Factors
Conservative balance sheet
Persistently low leverage and steadily rising equity provide durable financial flexibility: the company can fund capex, withstand demand slowdowns, or pursue selective investments without immediate refinancing. This foundation supports long-term stability and strategic optionality.
Negative Factors
Negative and volatile free cash flow
Worsening and inconsistent free cash flow reduces the firm's ability to self-finance growth, pay dividends, or deleverage. Persistent FCF deficits may force external borrowing or equity raises, raising financing risk and constraining long-term capital allocation flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Persistently low leverage and steadily rising equity provide durable financial flexibility: the company can fund capex, withstand demand slowdowns, or pursue selective investments without immediate refinancing. This foundation supports long-term stability and strategic optionality.
Read all positive factors
Plastiblends India Limited (PLASTIBLEN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.32B
Dividend Yield1.5%
Average Volume (3M)2.73K
Price to Earnings (P/E)12.2
Beta (1Y)1.35
Revenue Growth5.48%
EPS Growth35.53%
CountryIN
Employees496
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)16.43
Shares Outstanding25,989,200
10 Day Avg. Volume3,461
30 Day Avg. Volume2,729
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 is a key player in India's plastic processing sector, specializing in the production and supply of diverse color and additive masterbatches, as well as thermoplastic compounds. Its extensive portfolio features various ma...
How the Company Makes Money
Plastiblends makes money primarily by manufacturing and selling (1) masterbatches (color, additive, and filler masterbatches) and (2) polymer compounds (engineered and performance compounds) to plastic processors and OEM/tiers that convert these m...
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 | 8.11B | 7.89B | 7.80B | 8.02B | 7.69B | 7.14B |
| Gross Profit | 1.52B | 1.42B | 1.99B | 1.94B | 820.69M | 1.69B |
| EBITDA | 683.67M | 660.52M | 519.75M | 619.00M | 541.17M | 681.68M |
| Net Income | 427.16M | 366.88M | 334.42M | 345.25M | 268.51M | 366.99M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.58B | 5.07B | 4.82B | 4.84B | 5.18B |
| Cash, Cash Equivalents and Short-Term Investments | 466.53M | 466.53M | 378.31M | 487.27M | 289.51M | 79.26M |
| Total Debt | 0.00 | 223.11M | 47.88M | 78.12M | 87.13M | 466.94M |
| Total Liabilities | -4.49B | 1.09B | 793.32M | 770.79M | 894.48M | 1.36B |
| Stockholders Equity | 4.49B | 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
190.44
Positive
182.25
Positive
166.09
Positive
Market Momentum
2.72
Negative
58.74
Neutral
71.46
Neutral
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 below the 20-day moving average (MA) of 191.13, below the 50-day MA of 190.44, and below the 200-day MA of 166.09, indicating a bullish trend. The MACD of 2.72 indicates Negative momentum. The RSI at 58.74 is Neutral, neither overbought nor oversold. The STOCH value of 71.46 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ₹9.87B | 12.96 | ― | ― | 13.31% | 83.54% | |
76 Outperform | ₹5.74B | 20.16 | ― | 0.48% | 11.71% | 79.88% | |
71 Outperform | ₹1.92B | 24.01 | ― | 1.41% | 11.94% | 15.20% | |
65 Neutral | ₹5.32B | 12.19 | ― | 1.50% | 5.48% | 35.53% | |
64 Neutral | ₹25.77B | 12.09 | ― | 0.70% | 15.33% | 9.36% | |
56 Neutral | ₹2.75B | 17.91 | ― | 1.56% | 3.55% | -21.35% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:PLASTIBLEN
Plastiblends India Limited
199.95
15.96
8.68%
IN:DICIND
DIC India Limited
618.20
106.05
20.71%
IN:GANESHBE
Ganesh Benzoplast Limited
130.30
39.83
44.03%
IN:PODDARMENT
Poddar Pigments Limited
256.65
-5.26
-2.01%
IN:TAINWALCHM
Tainwala Chemicals & Plastics (India) Ltd
209.00
1.39
0.67%
IN:DDEVPLSTIK
Ddev Plastiks Industries Limited
250.70
-90.80
-26.59%
Plastiblends India Limited Corporate Events
CRISIL Reaffirms Plastiblends India’s A+ Credit Rating on Rs 96 Crore Bank Facilities
Jun 16, 2026
Plastiblends India Limited has announced that CRISIL Ratings has reaffirmed its credit ratings on the company’s bank loan facilities totaling Rs. 96 crore, maintaining a long-term rating of CRISIL A+/Stable and a short-term rating of CRISIL ...
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.