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TPL Plastech Limited
(TPLPLASTEH)
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Rating:68Neutral
Price Target:
₹72.00
▼(-8.75% Downside)
Action:Downgraded
Date:07/04/26
The score is driven primarily by solid financial performance (steady growth, stable profitability, and a strengthening, low-leverage balance sheet), partially offset by historically volatile cash-flow conversion. Technically, the uptrend is strong but the stock looks overextended (high RSI), and valuation support is only moderate given a ~19.6 P/E and modest ~1.15% yield.
Positive Factors
Sustained revenue growth
Revenue has expanded materially across several years, indicating sustained business growth rather than a single-period uplift. Continued positive growth supports operating scale, broadens the earnings base, and gives the company a stronger platform for reinvestment over the next several quarters.
Negative Factors
Uneven cash conversion
Cash generation has not converted earnings consistently across recent years, with negative operating and free cash flow periods highlighting working-capital or investment swings. This can constrain self-funded growth and makes cash planning more important even after 2026 improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Revenue has expanded materially across several years, indicating sustained business growth rather than a single-period uplift. Continued positive growth supports operating scale, broadens the earnings base, and gives the company a stronger platform for reinvestment over the next several quarters.
Read all positive factors
TPL Plastech Limited (TPLPLASTEH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.17B
Dividend Yield1.98%
Average Volume (3M)7.16K
Price to Earnings (P/E)16.9
Beta (1Y)1.57
Revenue Growth25.92%
EPS Growth22.48%
CountryIN
Employees204
SectorGeneral
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)3.86
Shares Outstanding78,003,000
10 Day Avg. Volume5,850
30 Day Avg. Volume7,157
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)2.38
Price to Sales (P/S)0.95
P/FCF Ratio12.83
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
TPL Plastech Limited Business Overview & Revenue Model
Company Description
TPL Plastech Limited functions as a holding company, primarily involved in the production of diverse plastic and polymer goods. Its main offices are situated in Mumbai, Maharashtra, and all its business activities are centered exclusively within I...
TPL Plastech Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
61
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.57B | 4.23B | 3.49B | 3.13B | 2.71B | 2.28B |
| Gross Profit | 693.51M | 672.27M | 716.80M | 502.70M | 434.05M | 382.56M |
| EBITDA | 495.72M | 482.76M | 406.47M | 367.87M | 323.72M | 274.99M |
| Net Income | 301.20M | 290.71M | 235.93M | 198.48M | 160.34M | 133.01M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.56B | 2.45B | 2.32B | 2.24B | 2.07B |
| Cash, Cash Equivalents and Short-Term Investments | 57.59M | 51.53M | 54.81M | 49.82M | 42.55M | 39.48M |
| Total Debt | 0.00 | 198.17M | 457.46M | 315.70M | 449.89M | 201.91M |
| Total Liabilities | -1.69B | 871.20M | 977.50M | 1.01B | 1.09B | 1.04B |
| Stockholders Equity | 1.69B | 1.69B | 1.48B | 1.30B | 1.15B | 1.03B |
Cash Flow | ||||||
| Free Cash Flow | 350.27M | 312.82M | -80.14M | 134.66M | -192.47M | 174.45M |
| Operating Cash Flow | 420.77M | 406.81M | 163.21M | 292.79M | -17.58M | 229.94M |
| Investing Cash Flow | -78.34M | -62.13M | -224.52M | -56.83M | -98.84M | -43.69M |
| Financing Cash Flow | -342.58M | -344.94M | 61.23M | -235.41M | 116.19M | -188.38M |
TPL Plastech Limited Technical Analysis
Negative
78.90
Price Trends
74.64
Negative
71.07
Negative
67.54
Negative
Market Momentum
-2.80
Positive
37.46
Neutral
17.34
Positive
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 78.9 is above the 20-day moving average (MA) of 70.32, above the 50-day MA of 74.64, and above the 200-day MA of 67.54, indicating a bearish trend. The MACD of -2.80 indicates Positive momentum. The RSI at 37.46 is Neutral, neither overbought nor oversold. The STOCH value of 17.34 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹6.01B | 13.10 | ― | 0.86% | 9.69% | 125.91% | |
68 Neutral | ₹5.17B | 16.93 | ― | 1.98% | 25.92% | 22.48% | |
64 Neutral | ₹5.56B | 7.72 | ― | 0.66% | -3.96% | 26.16% | |
59 Neutral | ₹12.39B | 41.37 | ― | 0.13% | 12.22% | 42.50% | |
58 Neutral | ₹5.70B | 17.94 | ― | 0.32% | 19.00% | 16.07% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:TPLPLASTEH
TPL Plastech Limited
66.31
-8.13
-10.92%
IN:COMSYN
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IN:KANPRPLA
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IN:NAHARPOLY
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226.10
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IN:PYRAMID
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155.00
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-6.63%
IN:TIRUPATI
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-243.15
-44.12%
TPL Plastech Limited Corporate Events
TPL Plastech Posts Strong Q1 FY27 Growth, Plans Solar Shift and Bhuj Expansion
Aug 4, 2026
TPL Plastech Limited reported unaudited financial results for the quarter ended June 30, 2026, showing revenue from operations of ₹1,243.9 million, up 37.6% year-on-year, with EBITDA rising 12.9% and PAT increasing 19.6%. Despite margin comp...
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.