TPLPLASTEH

TPL Plastech Limited

Industrial packaging products including plastic drums and Intermediate Bulk Containers

Industrials›Capital Goods›Industrial Products›Packaging

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

Price as of 2026-10-16

Stock price
₹70.66
Market cap
549 Cr
Stock P/E
18.2
P/B
3.27
Dividend yield
1.4%
ROE (FY26)
17.2%
ROCE (FY26)
22.8%
Operating margin (FY26)
10.0%
Debt / equity (FY26)
0.10
OCF / EBITDA (FY26)
94.9%
OCF / EBITDA (3Y)
73.2%

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

TPL Plastech (TPL) makes plastic drums, jerry cans and intermediate bulk containers (IBCs), industrial packaging sold to chemical, specialty chemical, FMCG (fast-moving consumer goods) and pharmaceutical customers, and is a subsidiary of the listed Time Technoplast Ltd (TTL), which held 74.86% at 30 September 2026.

Company snapshot

22ndBy market cap

Ranked among 33 companies in Packaging.

Segment mix

Reportable segments as of 2024-03-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

SegmentRevenue shareRevenuePBTAssets
Composite Products—0 Cr0 Cr0 Cr
Polymer Products—0 Cr0 Cr0 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.10x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Consolidated

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

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2020Mar 2021Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales48 Cr54 Cr83 Cr77 Cr89 Cr91 Cr92 Cr90 Cr107 Cr111 Cr114 Cr124 Cr
Operating expenses (approx.)42 Cr47 Cr73 Cr69 Cr79 Cr80 Cr81 Cr80 Cr95 Cr98 Cr101 Cr113 Cr
EBITDA6 Cr7 Cr10 Cr9 Cr10 Cr11 Cr11 Cr10 Cr12 Cr14 Cr13 Cr11 Cr
OPM %12.1%12.6%11.8%11.1%10.9%12.0%12.3%11.1%11.1%12.2%11.3%9.1%
Other income0.01 Cr0.01 Cr0.47 Cr0.01 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr0.06 Cr0.02 Cr
Interest1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Depreciation0.93 Cr0.94 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr2 Cr
Profit before tax4 Cr5 Cr8 Cr6 Cr7 Cr8 Cr9 Cr7 Cr9 Cr11 Cr10 Cr9 Cr
Tax %28.1%27.6%21.2%25.6%25.1%17.6%20.1%25.2%25.2%18.8%20.5%23.6%
Net profit3 Cr3 Cr6 Cr4 Cr5 Cr7 Cr7 Cr5 Cr7 Cr9 Cr8 Cr7 Cr
EPS (₹)₹3.31₹4.27₹0.78₹0.57₹0.69₹0.89₹0.88₹0.70₹0.88₹1.11₹1.03₹0.84

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2024Mar 2025Mar 2026TTM
Sales180 Cr193 Cr226 Cr216 Cr170 Cr313 Cr349 Cr423 CrSign in free for the trailing twelve months
Operating expenses (approx.)158 Cr168 Cr200 Cr192 Cr150 Cr277 Cr309 Cr374 CrSign in free for the trailing twelve months
EBITDA22 Cr24 Cr26 Cr24 Cr20 Cr36 Cr41 Cr48 CrSign in free for the trailing twelve months
OPM %12.1%12.5%11.4%11.3%11.9%11.5%11.6%11.4%Sign in free for the trailing twelve months
Other income0.11 Cr0.0058 Cr0.13 Cr0.05 Cr0.06 Cr0.49 Cr0.07 Cr0.11 CrSign in free for the trailing twelve months
Interest4 Cr5 Cr6 Cr6 Cr5 Cr5 Cr5 Cr5 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr4 Cr4 Cr4 Cr6 Cr5 Cr6 CrSign in free for the trailing twelve months
Profit before tax15 Cr16 Cr16 Cr15 Cr11 Cr25 Cr30 Cr37 CrSign in free for the trailing twelve months
Tax %23.3%26.1%27.5%27.7%28.0%22.1%21.7%22.1%Sign in free for the trailing twelve months
Net profit11 Cr12 Cr11 Cr11 Cr8 Cr20 Cr24 Cr29 CrSign in free for the trailing twelve months
EPS (₹)₹14.46₹15.59₹14.65₹13.78₹10.26₹2.54₹3.02₹3.73Sign in free for the trailing twelve months
Dividend payout %————34.1%23.6%26.4%26.8%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 2024Mar 2025Mar 2026
Equity capital8 Cr8 Cr8 Cr8 Cr8 Cr16 Cr16 Cr16 Cr
Reserves54 Cr63 Cr71 Cr79 Cr84 Cr115 Cr132 Cr153 Cr
Borrowings36 Cr51 Cr52 Cr36 Cr23 Cr25 Cr44 Cr18 Cr
Other liabilities50 Cr74 Cr76 Cr78 Cr75 Cr76 Cr54 Cr69 Cr
Total liabilities148 Cr196 Cr208 Cr200 Cr190 Cr232 Cr245 Cr256 Cr
Fixed assets (net)51 Cr71 Cr67 Cr66 Cr58 Cr84 Cr93 Cr90 Cr
CWIP6 Cr4 Cr7 Cr7 Cr7 Cr1 Cr3 Cr6 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0.34 Cr1 Cr
Inventories30 Cr53 Cr59 Cr57 Cr53 Cr70 Cr62 Cr68 Cr
Trade receivables44 Cr48 Cr54 Cr46 Cr43 Cr55 Cr60 Cr63 Cr
Cash & bank0.48 Cr1 Cr1 Cr2 Cr0.32 Cr0.14 Cr0.14 Cr0.11 Cr
Other assets17 Cr19 Cr20 Cr22 Cr27 Cr22 Cr28 Cr29 Cr
Total assets148 Cr196 Cr208 Cr200 Cr190 Cr232 Cr245 Cr256 Cr

Cash flows

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2024Mar 2025Mar 2026
Cash from operating activity3 Cr10 Cr10 Cr32 Cr21 Cr29 Cr16 Cr46 Cr
Cash from investing-10 Cr-21 Cr-3 Cr-2 Cr-4 Cr-6 Cr-22 Cr-6 Cr
Cash from financing6 Cr12 Cr-7 Cr-28 Cr-19 Cr-24 Cr6 Cr-40 Cr
Net cash flow-0.13 Cr0.74 Cr-0.12 Cr0.89 Cr-2 Cr0.06 Cr-0.0079 Cr-0.03 Cr
Free cash flow (OCF − Capex)-8 Cr-12 Cr-0.98 Cr29 Cr17 Cr13 Cr-8 Cr36 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2024Mar 2025Mar 2026
ROCE %19.6%17.2%16.8%16.9%14.5%19.9%18.4%22.8%
ROE %18.4%17.1%14.4%12.4%8.7%15.2%16.0%17.2%
Debtor days8891867892646254
Inventory days741201141251491028173
Days payable95129126134156834856
Cash conversion cycle6782746986839571
OCF / EBITDA %15.9%41.3%39.5%129.9%101.6%81.2%40.2%94.9%
OCF / EBITDA % (3 years)——32.9%69.6%88.5%——73.2%
Debt / equity0.580.710.660.420.250.190.300.10
Current ratio1.221.161.181.261.321.831.711.98
Net debt / EBITDA1.62—1.981.391.100.691.070.36