TPL Plastech Ltd

TPLPLASTEH

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Market Cap

₹ 518 Cr

P/E

19.87

Turned 1 L into 4.06 L in last 5 Years

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

TPL Plastech Ltd, a subsidiary of Time Technoplast Limited, manufactures high-density polyethylene containers and plastic fuel tanks. Its products cater to sectors like chemicals, dyestuffs, pharmaceuticals, and petrochemicals.

The company commenced operations at a new Greenfield unit in Dahej, Gujarat, in April 2023 to diversify its industrial packaging production portfolio.

Historically, the company has expanded its capacity significantly, doubling production through new machinery and additional plants in India.

The company withdrew its merger petition with Tainwala Chemicals & Plastics, focusing on strengthening its individual operational footprint.

In 2011, TPL Plastech set up new production units in Jammu, Pantnagar, and Kutch, enhancing its geographical manufacturing presence.

Sector

Packaging

Industry

Packaging - Plastic Containers

Market Cap

518 Cr

Volatility

High Risk

P/E Ratio

19.9

Industry P/E

20.2

PEG Ratio

0.9

P/B Ratio

3.4

52W High

111.10

52W Low

63.00

Sales CAGR

11.64%

14.91%

10.75%

10Y

8.32%

Profit CAGR

18.84%

21.06%

17.33%

10Y

11.88%

ROE

TTM

17.14%

15.12%

13.74%

10Y

14.39%

ROCE

TTM

22.26%

19.72%

18.94%

10Y

20.72%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PYRAMID	171.00	621 Cr	22.62	2.38	0.30	10.50	10.28	5.63
TPLPLASTEH	66.34	518 Cr	19.87	3.40	1.51	17.14	22.26	10.44
HITECHCORP	168.10	289 Cr	23.78	1.04	0.60	4.36	8.24	2.36
GLEN	76.00	182 Cr	10.10	1.50	0.00	13.08	13.57	6.60
RPPL	16.87	125 Cr	11.03	0.73	0.00	6.62	9.06	3.36
IDEALTECHO	202.00	101 Cr	35.07	4.26	0.00	14.19	11.82	6.52
RAAJMEDI	67.45	89 Cr	11.59	3.06	0.00	26.43	11.41	8.64

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	69	78	83	83	77	89	91	92	90	107
Expenses	61	70	73	73	69	79	80	81	80	95
Operating Profit	7.64	8.74	9.93	9.75	8.56	9.73	11	11	10	12
OPM %	11.06	11.15	12.01	11.79	11.09	10.94	12.03	12.28	11.10	11.11
Other Income	0.02	0.01	0.00	0.47	0.01	0.02	0.02	0.02	0.02	0.02
Interest	1.26	1.45	1.41	1.32	1.18	1.18	1.22	1.46	1.31	1.31
Depreciation	1.49	1.57	1.36	1.20	1.38	1.42	1.34	1.34	1.41	1.43
Profit Before Tax	4.90	5.72	7.16	7.70	6.02	7.15	8.41	8.54	7.32	9.15
Tax %	25.51	25.52	17.88	21.17	25.58	25.03	17.60	20.14	25.14	25.14
Net Profit	3.65	4.26	5.88	6.07	4.48	5.36	6.93	6.83	5.47	6.85
EPS in Rs	0.47	0.55	0.75	0.78	0.57	0.69	0.89	0.88	0.70	0.88

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	202	225	268	253	202	319	368	408	363
Expenses	158	168	200	192	150	241	277	309	321
Operating Profit	44	56	68	61	52	78	91	99	42
OPM %	21.56	24.98	25.24	24.13	25.74	24.45	24.76	24.25	11.59
Other Income	0.21	0.18	0.26	0.55	0.69	1.25	0.49	0.07	0.08
Interest	4.49	4.69	6.49	6.34	6.07	4.98	5.44	5.04	5.17
Depreciation	2.85	3.21	3.89	3.68	3.73	5.48	5.62	5.49	5.51
Profit Before Tax	15	16	16	15	11	20	25	30	31
Tax %	23.28	26.10	27.52	27.74	28.02	21.68	22.10	21.67	21.74
Net Profit	11	12	11	11	8.01	16	20	24	25
EPS in Rs	—	—	1.47	1.38	1.03	—	2.55	3.03	3.35
Dividend Payout %	20.75	22.45	23.89	25.40	34.11	29.13	31.50	33.11	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7.80	7.80	7.80	7.80	7.80	16	16	16
Reserves	54	63	71	79	84	100	115	132
Borrowings	36	51	52	36	23	44	31	46
Other Liabilities	50	74	76	78	75	65	71	52
Total Liabilities	148	196	208	200	190	224	232	245
Fixed Assets	51	71	67	66	58	56	84	93
CWIP	6.13	4.15	6.92	7.22	7.41	24	1.23	3.10
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.34
Other Assets	91	121	133	127	124	144	147	149
Total Assets	148	196	208	200	190	224	232	245

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	3.48	9.97	10	32	21	-1.76	29	16
Cash from Investing Activity	-9.92	-21	-3.29	-2.42	-3.51	-9.88	-5.68	-22
Cash from Financing Activity	6.32	12	-7.05	-28	-19	12	-24	6.12
Net Cash Flow	-0.13	0.74	-0.12	0.89	-1.66	-0.02	0.06	-0.01

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	74.86%	74.86%	74.86%	74.86%	74.86%	74.86%	74.86%	74.86%	74.86%	74.86%	74.86%	74.86%
FIIs	0.00%	0.00%	0.05%	0.00%	0.00%	0.01%	0.12%	0.26%	0.03%	0.00%	0.02%	0.00%
DIIs	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
Public	25.05%	25.06%	25.00%	25.06%	25.06%	25.04%	24.94%	24.79%	25.02%	25.05%	25.04%	25.05%
Total Shareholders	11,449	11,431	12,805	12,073	13,800	18,504	21,935	33,559	33,745	33,585	32,903	31,829

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 06, 2023	Crony vyapar pvt ltd	Bulk	Sell	56.14	4.83 Cr	8,59,581	1.10
Nov 06, 2023	Crony vyapar pvt ltd	Bulk	Buy	56.50	4.46 Cr	7,90,222	1.01
Nov 03, 2023	Crony vyapar pvt ltd	Bulk	Sell	55.49	1.81 Cr	3,26,710	0.41
Nov 03, 2023	Crony vyapar pvt ltd	Bulk	Buy	55.04	3.24 Cr	5,88,518	0.75

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	69	78	83	83	77	89	91	92	90	107
Expenses	61	70	73	73	69	79	80	81	80	95
Operating Profit	7.64	8.74	9.93	9.75	8.56	9.73	11	11	10	12
OPM %	11.06	11.15	12.01	11.79	11.09	10.94	12.03	12.28	11.10	11.11
Other Income	0.02	0.01	0.00	0.47	0.01	0.02	0.02	0.02	0.02	0.02
Interest	1.26	1.45	1.41	1.32	1.18	1.18	1.22	1.46	1.31	1.31
Depreciation	1.49	1.57	1.36	1.20	1.38	1.42	1.34	1.34	1.41	1.43
Profit Before Tax	4.90	5.72	7.16	7.70	6.02	7.15	8.41	8.54	7.32	9.15
Tax %	25.51	25.52	17.88	21.17	25.58	25.03	17.60	20.14	25.14	25.14
Net Profit	3.65	4.26	5.88	6.07	4.48	5.36	6.93	6.83	5.47	6.85
EPS in Rs	0.47	0.55	0.75	0.78	0.57	0.69	0.89	0.88	0.70	0.88

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	202	225	268	253	202	319	368	408	363
Expenses	158	168	200	192	150	241	277	309	321
Operating Profit	44	56	68	61	52	78	91	99	42
OPM %	21.56	24.98	25.24	24.13	25.74	24.45	24.76	24.25	11.59
Other Income	0.21	0.18	0.26	0.55	0.69	1.25	0.49	0.07	0.08
Interest	4.49	4.69	6.49	6.34	6.07	4.98	5.44	5.04	5.17
Depreciation	2.85	3.21	3.89	3.68	3.73	5.48	5.62	5.49	5.51
Profit Before Tax	15	16	16	15	11	20	25	30	31
Tax %	23.28	26.10	27.52	27.74	28.02	21.68	22.10	21.67	21.74
Net Profit	11	12	11	11	8.01	16	20	24	25
EPS in Rs	—	—	1.47	1.38	1.03	—	2.55	3.03	3.35
Dividend Payout %	20.75	22.45	23.89	25.40	34.11	29.13	31.50	33.11	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7.80	7.80	7.80	7.80	7.80	16	16	16
Reserves	54	63	71	79	84	100	115	132
Borrowings	36	51	52	36	23	44	31	46
Other Liabilities	50	74	76	78	75	65	71	52
Total Liabilities	148	196	208	200	190	224	232	245
Fixed Assets	51	71	67	66	58	56	84	93
CWIP	6.13	4.15	6.92	7.22	7.41	24	1.23	3.10
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.34
Other Assets	91	121	133	127	124	144	147	149
Total Assets	148	196	208	200	190	224	232	245

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	3.48	9.97	10	32	21	-1.76	29	16
Cash from Investing Activity	-9.92	-21	-3.29	-2.42	-3.51	-9.88	-5.68	-22
Cash from Financing Activity	6.32	12	-7.05	-28	-19	12	-24	6.12
Net Cash Flow	-0.13	0.74	-0.12	0.89	-1.66	-0.02	0.06	-0.01

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PYRAMID	171.00	621 Cr	22.62	2.38	0.30	10.50	10.28	5.63
TPLPLASTEH	66.34	518 Cr	19.87	3.40	1.51	17.14	22.26	10.44
HITECHCORP	168.10	289 Cr	23.78	1.04	0.60	4.36	8.24	2.36
GLEN	76.00	182 Cr	10.10	1.50	0.00	13.08	13.57	6.60
RPPL	16.87	125 Cr	11.03	0.73	0.00	6.62	9.06	3.36
IDEALTECHO	202.00	101 Cr	35.07	4.26	0.00	14.19	11.82	6.52
RAAJMEDI	67.45	89 Cr	11.59	3.06	0.00	26.43	11.41	8.64

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

The company commenced operations at a new Greenfield unit in Dahej, Gujarat, in April 2023 to diversify its industrial packaging production portfolio.

Historically, the company has expanded its capacity significantly, doubling production through new machinery and additional plants in India.

The company withdrew its merger petition with Tainwala Chemicals & Plastics, focusing on strengthening its individual operational footprint.

In 2011, TPL Plastech set up new production units in Jammu, Pantnagar, and Kutch, enhancing its geographical manufacturing presence.

Sector

Packaging

Industry

Packaging - Plastic Containers

Market Cap

518 Cr

Volatility

High Risk

P/E Ratio

19.9

Industry P/E

20.2

PEG Ratio

0.9

P/B Ratio

3.4

52W High

111.10

52W Low

63.00

Sales CAGR

11.64%

14.91%

10.75%

10Y

8.32%

Profit CAGR

18.84%

21.06%

17.33%

10Y

11.88%

ROE

TTM

17.14%

15.12%

13.74%

10Y

14.39%

ROCE

TTM

22.26%

19.72%

18.94%

10Y

20.72%

Tpl Plastech Ltd

TPL Plastech Ltd

TPLPLASTEH

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Investment Checklist

Investment Checklist

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

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Technicals

Forecasts

Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

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Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Actions

Announcements

Documents

AI Mode

AI Mode

Technicals

Financial Statements

AI Powered Summary

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Peers

Price Chart Comparison

Oscillators

Neutral

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Announcements

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Investment Checklist