PLASTIBLENCommodities

Plastiblends India Limited

Specialty Chemicals · ISIN INE083C01022 · BSE 523648 · NSE EQ · FV ₹5
Last price
₹184
+0.93%today
What this company does

Plastiblends India Limited operates in Specialty Chemicals, part of the Commodities sector. It booked ₹222 cr of revenue in its latest quarter (Q1 FY27) and kept 6.7% of sales as profit.

In the report:
68out of 100
Equitytale Health Score
Solid

Healthier than 68% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns57

How much profit it earns on the money it employs

Balance sheet83

How much it owes, and whether earnings cover the interest

Cash quality42

Whether reported profit actually arrives as cash

Growth & consistency70

Whether sales and profit have grown, and how steadily

Valuation69

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 11% vs last year
Profit up 68% vs last year
Promoters hold 63%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Thin 6.7% net margin
! Operating cash flow is negative

What if I invest in PLASTIBLEN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹184 +0.93%
latest close · 2026-09-17
1-year return
-30.0%
52-wk low ₹17752-wk high ₹306
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio8.0Low
LowAverageHigh
P/B ratio1.07Moderate
Below bookModerateHigh
EV / EBITDA5.1Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.3%Fair
WeakFairStrong ▸15%
Return on capital17.4%Strong
WeakFairStrong
Net margin6.7%Decent
ThinDecentStrong
EBITDA margin11.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.04Comfortable
LowModerateHigh ▸1
Interest cover52.0×Strong
RiskyOkayStrong ▸5×
Current ratio4.23Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹479 cr
Book value
₹173
EPS
₹5.75
latest quarter
Net debt
₹15 cr
owes more than its cash
Enterprise value
₹495 cr
EBITDA
₹97 cr
annualised
EBIT
₹82 cr
annualised
Operating margin
9.3%
Return on assets
10.7%
Earnings yield
12.47%
P/S
0.54
Sales / share
₹341.1
Tax rate
26.1%
Face value
₹5
Shares
2.6 cr
Working capital
₹270 cr
Current assets
₹354 cr
Current liabilities
₹84 cr
Delivery %
56.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 11% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹95₹309, midpoint ₹227

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹222 cr
Other Income₹2 cr
Total Income₹224 cr
Cost of Materials₹162 cr
Purchases of Stock-in-Trade₹53.4 L
Inventory Change (±)₹-50.1 L
Employee Benefit Expense₹11 cr
Finance Costs₹39.6 L
Depreciation & Amortisation₹4 cr
Other Expenses₹26 cr
Total Expenses₹204 cr
Profit before Tax₹20 cr
Tax Expense₹5 cr
Net Profit₹15 cr
Net margin on total income6.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹162 cr72.5%
Employee benefit expense₹11 cr5.0%
Finance costs₹39.6 L0.2%
Depreciation & amortisation₹4 cr1.7%
Other expenses₹26 cr11.6%
Tax expense₹5 cr2.4%
Profit for the period₹15 cr6.7%
Total income ₹224 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue186 cr211 cr222 cr
Total income189 cr214 cr224 cr
Expenses181 cr196 cr204 cr
Profit before tax9 cr18 cr20 cr
Tax2 cr4 cr5 cr
Net profit (owners' share)6 cr14 cr15 cr
Net margin (owners' share, on revenue)3.5%6.6%6.7%
EPS (₹)2.495.335.75
YoY (latest quarter): total income +10.8% · net profit +67.5%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹558 cr
Shareholder equity
₹449 cr
parent shareholders
Total debt
₹20 cr
Cash
₹5 cr
Cash flow · H1 FY26
Operating
₹-63.1 L
Investing
₹-16 cr
Financing
₹-7 cr
Peer comparison
Specialty Chemicals · by market value
CompanyPriceMarket capP/E
Pidilite Industries Limited₹1,552₹1.58 L cr45.3
Gujarat Fluorochemicals Limited₹4,472₹49,190 cr55.4
Navin Fluorine International Limited₹8,220₹42,169 cr43.3
Deepak Nitrite Limited₹1,605₹21,889 cr15.9
Aether Industries Limited₹1,623₹21,543 cr85.1
Atul Limited₹6,134₹18,057 cr18.4
Aarti Industries Limited₹477₹17,287 cr27.9
Fine Organic Industries Limited₹5,202₹15,949 cr28.9
BASF India Limited₹3,602₹15,591 cr11.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.63%
trailing 12 months
Dividend / share (TTM)
₹3
Last dividend
₹3
ex 17 Aug 2026
ActionDetailEx-date
Dividend₹3 / share17 Aug 2026
Dividend₹2.5 / share8 Jul 2025
Dividend₹4.25 / share23 Jul 2024
Dividend₹4 / share23 Jun 2023
Dividend₹4 / share17 Jun 2022
Dividend₹4 / share16 Jul 2021
Who owns it · 2026-06-30
No pledge
Promoter
62.8%
FII / Foreign
0.3%
DII / Domestic
Retail / others
36.9%
Promoter stake down 1.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtJyoti Varun Kabra · Promoters10.00 L27 Jun 25
SoldSARITADEVI SATYANARAYAN KABRA · Promoters10.00 L27 Jun 25
BoughtShreevallabh Kabra Family Trust · Promoter Group7,000 · ₹13.8 L23 May 25
Bulk / block deals
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE1.97 L @ ₹383.672 Sep 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE1.97 L @ ₹384.182 Sep 24
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE1.56 L @ ₹349.9830 Aug 24
Stake changes
BothKolsite Corporation LLP · promoter→ 8.86% · 3.36 L25 Jun 26
BothJyoti Varun Kabra · promoter→ 6.79% · 1.68 L25 Jun 26
BothVarun Satyanarayan Kabra · promoter→ 30.38% · 1.68 L25 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Aug 2026
See the official result
1
To consider and adopt the Audited Financial Statements for the Financial Year ended March 31, 2026, the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
20.76 L votes for, 424 against · 0% of mutual funds and other big investors said no
2
To declare Dividend 60 percent (i.e. Rs. 3.00 per share) on equity shares of Rs. 5.00 each for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
20.76 L votes for, 424 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Shri Varun S. Kabra (DIN: 03376617), Director liable to retire by rotation and being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.76 L votes for, 424 against · 0% of mutual funds and other big investors said no
4
Re-appointment of Shri Varun S. Kabra (DIN: 03376617), as Vice-Chairman and Managing Director of the Company for a period of 5 (five) years with effect from 1st August, 2026 to 31st July, 2031 on the terms, conditions and stipulations as detailed in the Explanatory Statement annexed to the Notice of AGM.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
20.76 L votes for, 424 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 62.8% between them · as of 2026-06-30
VARUN SATYANARAYAN KABRA30.38%
KOLSITE CORPORATION LLP8.86%
SARITADEVI SATYANARAYAN KABRA8.03%
JYOTI VARUN KABRA6.79%
KABRA EXTRUSIONTECHNIK LIMITED5.30%
SATYANARAYAN GOPILAL KABRA2.62%
AKSHAY VARUN KABRA0.38%
SHIV VARUN KABRA0.38%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.