PLASTIBLEN

Plastiblends India Limited

Masterbatches and engineering compounds for plastics industry

Commodities›Chemicals›Chemicals & Petrochemicals›Specialty Chemicals

plastiblends.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹178.38
Market cap
464 Cr
Stock P/E
10.1
P/B
0.91
Dividend yield
1.7%
ROE (FY26)
8.2%
ROCE (FY26)
10.9%
Operating margin (FY26)
4.8%
Debt / equity (FY26)
0.04
OCF / EBITDA (FY26)
40.2%
OCF / EBITDA (3Y)
42.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Plastiblends (Plastiblends India) makes masterbatches and engineering plastic compounds, which improve the look and function of plastic products, for Indian makers in packaging, agriculture, automotive and consumer goods; it calls itself India's premier masterbatch maker, and its Chairman and Managing Director says it enjoys market and brand leadership (July 2025 results release).

Company snapshot

52ndBy market cap

Ranked among 68 companies in Specialty Chemicals.

What we see

Positives
  • ✓Debt-to-equity of 0.04x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 43% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales197 Cr199 Cr212 Cr185 Cr184 Cr199 Cr200 Cr193 Cr186 Cr211 Cr222 Cr229 Cr
Operating expenses (approx.)186 Cr183 Cr195 Cr176 Cr173 Cr185 Cr186 Cr182 Cr176 Cr192 Cr200 Cr213 Cr
EBITDA11 Cr16 Cr16 Cr10 Cr11 Cr14 Cr13 Cr11 Cr10 Cr19 Cr22 Cr16 Cr
OPM %5.7%7.9%7.7%5.3%6.2%7.3%6.8%5.6%5.2%9.0%9.9%7.1%
Other income2 Cr2 Cr2 Cr3 Cr2 Cr2 Cr3 Cr4 Cr3 Cr4 Cr2 Cr3 Cr
Interest0.37 Cr0.33 Cr0.38 Cr0.31 Cr0.29 Cr0.28 Cr0.27 Cr0.55 Cr0.66 Cr0.66 Cr0.40 Cr0.39 Cr
Depreciation4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr
Profit before tax9 Cr14 Cr15 Cr8 Cr9 Cr13 Cr12 Cr10 Cr9 Cr18 Cr20 Cr15 Cr
Tax %26.7%22.7%25.7%23.9%27.4%25.1%25.0%25.7%24.8%24.3%26.1%26.7%
Net profit7 Cr11 Cr11 Cr6 Cr7 Cr10 Cr9 Cr7 Cr6 Cr14 Cr15 Cr11 Cr
EPS (₹)₹2.54₹4.13₹4.17₹2.43₹2.58₹3.68₹3.43₹2.86₹2.49₹5.33₹5.75₹4.10

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales593 Cr580 Cr627 Cr606 Cr577 Cr718 Cr769 Cr802 Cr780 Cr789 CrSign in free for the trailing twelve months
Operating expenses (approx.)529 Cr525 Cr567 Cr538 Cr509 Cr656 Cr719 Cr748 Cr728 Cr736 CrSign in free for the trailing twelve months
EBITDA64 Cr55 Cr60 Cr67 Cr69 Cr61 Cr50 Cr55 Cr52 Cr53 CrSign in free for the trailing twelve months
OPM %10.8%9.5%9.6%11.1%11.9%8.5%6.5%6.8%6.7%6.7%Sign in free for the trailing twelve months
Other income1 Cr2 Cr1 Cr3 Cr4 Cr7 Cr5 Cr8 Cr9 Cr13 CrSign in free for the trailing twelve months
Interest8 Cr8 Cr8 Cr1 Cr3 Cr3 Cr2 Cr1 Cr1 Cr2 CrSign in free for the trailing twelve months
Depreciation11 Cr12 Cr12 Cr17 Cr16 Cr16 Cr16 Cr15 Cr15 Cr15 CrSign in free for the trailing twelve months
Profit before tax46 Cr38 Cr42 Cr52 Cr53 Cr49 Cr36 Cr46 Cr45 Cr49 CrSign in free for the trailing twelve months
Tax %29.6%28.1%25.1%27.9%29.8%25.1%26.4%25.2%25.6%24.8%Sign in free for the trailing twelve months
Net profit33 Cr27 Cr31 Cr37 Cr37 Cr37 Cr27 Cr35 Cr33 Cr37 CrSign in free for the trailing twelve months
EPS (₹)₹12.58₹12.08₹11.99₹14.30₹14.37₹14.12₹10.33₹13.28₹12.87₹14.12Sign in free for the trailing twelve months
Dividend payout %————-0.6%28.9%38.9%30.1%33.0%17.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr
Reserves217 Cr235 Cr256 Cr268 Cr317 Cr368 Cr382 Cr392 Cr415 Cr436 Cr
Borrowings91 Cr113 Cr70 Cr40 Cr32 Cr33 Cr—0.98 Cr—20 Cr
Other liabilities84 Cr80 Cr76 Cr88 Cr91 Cr103 Cr89 Cr76 Cr79 Cr89 Cr
Total liabilities399 Cr441 Cr415 Cr409 Cr453 Cr517 Cr484 Cr482 Cr507 Cr558 Cr
Fixed assets (net)169 Cr175 Cr173 Cr178 Cr177 Cr187 Cr179 Cr174 Cr168 Cr178 Cr
CWIP0.16 Cr0.58 Cr0.0035 Cr3 Cr9 Cr2 Cr0.12 Cr1 Cr3 Cr6 Cr
Investments10 Cr11 Cr8 Cr6 Cr24 Cr53 Cr69 Cr73 Cr58 Cr58 Cr
Loans & advances——0.38 Cr0.37 Cr0.42 Cr0.27 Cr0.26 Cr0.53 Cr0.55 Cr0.50 Cr
Inventories71 Cr98 Cr80 Cr99 Cr124 Cr136 Cr122 Cr126 Cr139 Cr154 Cr
Trade receivables110 Cr121 Cr132 Cr101 Cr95 Cr119 Cr91 Cr88 Cr111 Cr130 Cr
Cash & bank1 Cr2 Cr1 Cr0.50 Cr2 Cr0.05 Cr2 Cr2 Cr5 Cr5 Cr
Other assets37 Cr35 Cr20 Cr22 Cr21 Cr19 Cr22 Cr18 Cr22 Cr27 Cr
Total assets399 Cr441 Cr415 Cr409 Cr453 Cr517 Cr484 Cr482 Cr507 Cr558 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity25 Cr7 Cr59 Cr74 Cr48 Cr15 Cr72 Cr38 Cr9 Cr21 Cr
Cash from investing-25 Cr-17 Cr-8 Cr-20 Cr-27 Cr-4 Cr-26 Cr-27 Cr6 Cr-33 Cr
Cash from financing-0.03 Cr11 Cr-51 Cr-55 Cr-19 Cr-13 Cr-45 Cr-11 Cr-12 Cr-8 Cr
Net cash flow-0.18 Cr0.31 Cr-0.61 Cr-0.51 Cr1 Cr-2 Cr0.87 Cr-0.40 Cr3 Cr-20 Cr
Free cash flow (OCF − Capex)-1 Cr-12 Cr50 Cr54 Cr27 Cr9 Cr64 Cr26 Cr-3 Cr-7 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.3%12.6%14.7%16.5%15.5%12.6%9.8%11.6%10.8%10.9%
ROE %14.6%11.0%11.6%13.2%11.3%9.6%6.8%8.5%7.8%8.2%
Debtor days68767761606143405260
Inventory days638261831169175768896
Days payable32342217241617141821
Cash conversion cycle98123117127152136101102123135
OCF / EBITDA %39.6%12.2%97.8%110.3%70.2%24.6%145.1%69.8%17.0%40.2%
OCF / EBITDA % (3 years)——50.8%76.7%92.4%69.8%75.4%75.7%76.3%42.8%
Debt / equity0.410.460.260.140.100.09—0.0024—0.04
Current ratio2.071.932.352.522.693.034.815.876.024.23
Net debt / EBITDA1.40—1.140.590.440.53-0.04-0.03-0.090.29