Plastiblends India
- Market cap
- ₹ 420 Cr.
- P/E
- 9.2x
- P/B
- 0.95x
- 52-week range
- 121.01 – 216.29
- ROE
- 8%
- ROCE
- 11%
- Dividend yield
- 1.8%
- Debt / equity
- 0.05
- Sector
- Chemicals & Petrochemicals
- Industry
- Specialty Chemicals
- Listed on
- NSE, BSE
About
Plastiblends India Limited is an India-based manufacturer and exporter of color, white, black, additive and filler masterbatches. The Company has manufacturing facilities at Daman (UT), Roorkee (Uttarakhand), and Palsana (Surat in Gujrat). The Company’s product ranges include white master batches, black master batches, color masterbatches, additive masterbatches, filler masterbatches, PET masterbatches, conductive compounds, and engineering polymers. Its Color masterbatches offer a comprehensive range of standard options with over 2500 shades, compatible with polyolefins (PE and PP), polyethylene terephthalate (PET), polybutylene terephthalate (PBT), high impact polystyrene (HIPS), acrylonitrile butadiene styrene (ABS), ethylene vinyl acetate (EVA) and Nylon. The Company's products are sold in domestic as well as international markets. It serves a range of sectors, including agriculture, appliances, textiles, packaging, automotive and gas transportation, and consumer goods.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Specialty Chemicals: 130 companies →Plastiblends India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)9.2 against a typical 26.3: cheaper than most peers (1st = cheapest).17th of 129
- Sales growth+18.7% against a typical +25.9% from a year earlier.73rd of 112
- Profit growth+57.1% against a typical +42.4% from a year earlier.44th of 102
- Share price, 3 months−13.6% against a typical −5.8%.90th of 118
- Size₹ 419.7 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).62nd of 126
Latest announcements
Exchange filings and their impact on the company.
- Strong YoY Q2/H1 growth with 43% PAT jump and margin expansion, despite QoQ cost pressure; solar commissioning supports outlook.
Plastiblends India reported Q2 FY27 revenue of Rs 228.84 cr, up 18.8% YoY, with EBITDA up 30.3% to Rs 18.72 cr and PAT up 43.3% to Rs 10.65 cr. For H1, revenue grew 14.8% to Rs 450.45 cr and PAT grew 56.5% to Rs 25.6 cr with margins up over 150 bps. The company said high raw material, freight and Gujarat power costs hurt sequentially but it absorbed costs to protect share, commissioned a 5.2 MW solar plant in September 2026, and expects pass-through, exports and engineering plastics to drive growth.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A+ | Stable | 11 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 11 Jun 2026 | Reaffirmed | Crisil A+ | — | CRISIL | ₹ 76 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 13 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 27 Apr 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 15 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Jan 2026 | Financial Results | PLASTIBLEN : 14-Jan-2026 : The Company has informed the Exchange that a Board meeting to be held on January 15, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on January 14, 2026, To consider and approve the financial results for the period ended December 31, 2025 |
| 16 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 197 | 199 | 212 | 185 | 184 | 199 | 200 | 193 | 186 | 211 | 222 | 229 |
| Expenses | 186 | 183 | 195 | 176 | 173 | 185 | 186 | 182 | 176 | 192 | 200 | 213 |
| Operating Profit | 11 | 16 | 16 | 10 | 11 | 14 | 13 | 11 | 10 | 19 | 22 | 16 |
| OPM % | 6% | 8% | 8% | 5% | 6% | 7% | 7% | 6% | 5% | 9% | 10% | 7% |
| Other Income | 2 | 2 | 2 | 3 | 2 | 2 | 3 | 4 | 3 | 4 | 2 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 9 | 14 | 15 | 8 | 9 | 13 | 12 | 10 | 9 | 18 | 20 | 15 |
| Tax % | 27% | 23% | 26% | 24% | 27% | 25% | 25% | 26% | 25% | 24% | 26% | 27% |
| Net Profit | 7 | 11 | 11 | 6 | 7 | 10 | 9 | 7 | 6 | 14 | 15 | 11 |
| EPS in Rs | 2.54 | 4.13 | 4.17 | 2.43 | 2.58 | 3.68 | 3.43 | 2.86 | 2.49 | 5.33 | 5.75 | 4.1 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 4%
- 5 Years
- 7%
- 3 Years
- 1%
- TTM
- 9%
- 10 Years
- −1%
- 5 Years
- −2%
- 3 Years
- 8%
- TTM
- 41%
- 10 Years
- −3%
- 5 Years
- −6%
- 3 Years
- −13%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 8%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Plastiblends India | ₹ 162.11 | ₹ 420 Cr. | 9.2x | 1x | 8% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- Satyanarayan Gopilal Kabra
- Executive Chairman of the Board, Managing Director
- Varun Satyanarayan Kabra
- Executive Vice Chairman of the Board, Managing Director
- Anand R. Mundra
- Chief Financial Officer
- Himanshu S. Mhatre
- Compliance Officer, Company Secretary
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