Tokyo Plast International Ltd (TOKYOPLAST) AI Stock Analysis

Tokyo Plast International Ltd

(NSE:TOKYOPLAST)

Select Model

Rating:43Neutral

Price Target:INR 68.00▼(-6.21% Downside)

Action:reiterated

Date:10/20/26

The score is held down primarily by weak financial quality—especially persistently negative free cash flow alongside rising leverage—and very thin net margins. Valuation further weighs on the outlook due to an extremely high P/E with no dividend yield data. Technicals are mixed, offering only limited support given negative MACD and the stock trading below longer-term moving averages.

Positive Factors

Broad Packaging ApplicationsThe company serves multiple packaging formats and end markets, including fast-moving consumer goods and industrial applications. This breadth can support customer relevance across packaged-product categories and reduce reliance on a single product type or application over the medium term.

Negative Factors

Deeply Negative Free Cash FlowFree cash flow has remained negative for two years and deteriorated further in FY2026, indicating that operating cash is not covering capital spending and/or working-capital needs. Persistent cash deficits can increase reliance on external funding and constrain investment flexibility.

Tokyo Plast International Ltd (TOKYOPLAST) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 702.06M
Dividend Yield: ―
Average Volume (3M): 347
Price to Earnings (P/E): 197.4
Beta (1Y): 1.33
Revenue Growth: 11.05%
EPS Growth: -66.11%
Country: India
Employees: 377
Sector: General
Sector Strength: 55
Industry: Packaging & Containers

Tokyo Plast International Ltd Business Overview & Revenue Model

Company Description

Tokyo Plast International Limited is engaged in the development, production, and distribution of insulated food and beverage containers and cooling solutions. Operating under its PINNACLE brand, the company serves both the Indian domestic market and...

Tokyo Plast International Ltd Financial Statement Overview

Summary

Overall financials are pressured by very weak cash generation and thin profitability. Income statement shows uneven multi-year revenue with FY2026 recovery but net margin under 1% and volatile gross margin. Balance sheet leverage increased sharply (debt-to-equity ~0.77 in FY2026 vs ~0.44 in FY2025), raising risk. Cash flow is the main drag: free cash flow is deeply negative (about -165M) and has been negative for two years, indicating funding and execution risk.

Income Statement

46Neutral

Balance Sheet

52Neutral

Cash Flow

33Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	809.35M	793.13M	724.74M	663.66M	755.28M	799.32M
Gross Profit	225.79M	214.19M	358.51M	127.05M	333.72M	372.93M
EBITDA	65.50M	69.79M	67.95M	50.69M	47.69M	31.68M
Net Income	3.44M	6.30M	13.14M	10.03M	-1.25M	-1.55M
Balance Sheet
Total Assets	0	1.36B	1.03B	925.70M	856.52M	880.04M
Cash, Cash Equivalents and Short-Term Investments	53.11M	53.11M	10.22M	14.28M	8.42M	8.00M
Total Debt	0	482.57M	268.90M	192.91M	146.06M	188.51M
Total Liabilities	-626.92M	731.06M	419.40M	324.22M	267.69M	298.16M
Stockholders Equity	626.92M	626.92M	615.38M	601.48M	588.84M	586.92M
Cash Flow
Free Cash Flow	-87.15M	-165.40M	-69.74M	-25.28M	57.58M	3.08M
Operating Cash Flow	-17.65M	67.35M	53.38M	86.92M	188.91M	36.07M
Investing Cash Flow	-71.45M	-239.35M	-120.75M	-117.88M	-133.90M	-32.57M
Financing Cash Flow	84.39M	214.89M	63.31M	36.83M	-53.92M	-6.92M

Tokyo Plast International Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price72.50

Price Trends

50DMA74.03Negative

100DMA78.51Negative

200DMA83.72Negative

Market Momentum

MACD0.43Negative

RSI48.84Neutral

STOCH50.26Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TOKYOPLAST, the sentiment is Negative. The current price of 72.50 is above the 20-day moving average (MA) of 71.32, below the 50-day MA of 74.03, and below the 200-day MA of 83.72, indicating a neutral trend. The MACD of 0.43 indicates Negative momentum. The RSI at 48.84 is Neutral, neither overbought nor oversold. The STOCH value of 50.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TOKYOPLAST.

Tokyo Plast International Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TOKYOPLAST against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KANPRPLA	73Outperform	INR 5.90B	10.95	―	0.87%	17.83%	102.49%
IN:TPLPLASTEH	72Outperform	INR 4.75B	15.69	―	2.16%	25.92%	22.48%
IN:NAHARPOLY	67Neutral	INR 5.42B	7.59	―	0.68%	7.92%	39.07%
IN:PYRAMID	59Neutral	INR 5.49B	17.12	―	0.33%	19.00%	16.07%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TOKYOPLAST	43Neutral	INR 688.85M	197.43	―	―	11.05%	-66.11%

* General Sector Average

Performance Comparison

IN:TOKYOPLAST and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TOKYOPLAST	Tokyo Plast International Ltd	72.50	-52.85	-42.16%
IN:KANPRPLA	Kanpur Plastipack Limited	241.10	32.31	15.47%
IN:NAHARPOLY	Nahar Poly Films Limited	220.55	-90.83	-29.17%
IN:PYRAMID	Pyramid Technoplast Ltd.	149.25	-11.78	-7.31%
IN:TIRUPATI	Shree Tirupati Balajee FIBC Ltd.	287.00	-527.25	-64.75%
IN:TPLPLASTEH	TPL Plastech Limited	60.87	-8.72	-12.53%

Tokyo Plast International Ltd Corporate Events

Tokyo Plast affirms SEBI-compliant handling of dematerialised shares

Oct 9, 2026

Tokyo Plast International Ltd has reported that it remains in full compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 2026. Its registrar...

Tokyo Plast Files Voting Results and Scrutinizer Report for Thirty-Third AGM

Oct 2, 2026

Tokyo Plast International Ltd has reported that its thirty-third Annual General Meeting was held on September 30, 2026, via video conferencing and other audio-visual means, and has submitted the consolidated voting results to the stock exchanges. The...

Tokyo Plast Sets Virtual 33rd AGM, Publishes FY 2025–26 Annual Report

Sep 7, 2026

Tokyo Plast International Ltd has released its Annual Report for the financial year 2025–26 and convened its 33rd Annual General Meeting for September 30, 2026, at 12:30 p.m. India time via video conferencing and other audio visual means. The m...

Tokyo Plast Publishes AGM Notice in Newspapers for Shareholder Information

Sep 6, 2026

Tokyo Plast International Ltd has published a newspaper advertisement announcing the Annual General Meeting of its members and related information. The company has notified both BSE and NSE that clippings of the notice, carried in the English daily F...

Tokyo Plast Announces Resignation of Company Secretary and Compliance Officer

Jul 31, 2026

Tokyo Plast International Ltd operates in the plastics manufacturing sector, producing consumer and industrial plastic products for domestic and international markets. The company is listed on both BSE and the National Stock Exchange of India under t...

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.

Date of analysis: Oct 20, 2026

Tokyo Plast International Ltd AI Stock Analysis