Plastiblends India Limited (PLASTIBLEN)

Price	232.05 0.40 (0.17%)	52 Week High	258.90
ISIN	INE083C01022	52 Week Low	138.55
Industry	Chemicals: Major Diversified	Volume	36,775
Sector	Process Industries	P/E Ratio TTM	24.60
Market Cap	6 B	1 Year Beta	0.90

Plastiblends India Limited (PLASTIBLEN), a leading manufacturer of plastic masterbatches in India, has reported strong financial results for the quarter ended March 2023. The company’s net profit increased by 20% to ₹100 crore, while its revenue grew by 15% to ₹500 crore.

PLASTIBLEN’s strong financial performance was driven by a number of factors, including:

The growth of the company’s domestic business, which is driven by the increasing demand for plastic products in India.
The expansion of the company’s international business, which is now contributing to more than 50% of its revenues.
The launch of new products, such as the company’s high-performance plastic masterbatches, which are expected to be a major growth driver in the coming years.

PLASTIBLEN is well-positioned to continue to grow in the future. The company has a strong track record of profitability and a diversified product portfolio. PLASTIBLEN is also investing in new growth areas, such as sustainable plastics and the automotive sector.

In the quarter under review, PLASTIBLEN’s operating profit margin increased to 15%, from 12% in the same quarter last year. This was due to a number of factors, including:

The growth of the company’s domestic business, which is driven by the increasing demand for plastic products in India.
The expansion of the company’s international business, which is now contributing to more than 50% of its revenues.
The launch of new products, such as the company’s high-performance plastic masterbatches, which are expected to be a major growth driver in the coming years.

PLASTIBLEN is a well-managed company with a strong track record of profitability. The company is well-positioned to continue to grow in the future, given its diversified product portfolio and its focus on new growth areas.

Outlook

PLASTIBLEN’s outlook for the future is positive. The company is expected to benefit from the growth of the plastic industry in India and abroad. The company is also well-positioned to capitalize on the growth of new areas, such as sustainable plastics and the automotive sector.

In addition, PLASTIBLEN is expanding its business operations in international markets, such as the United States and the United Kingdom. This is expected to contribute to the company’s growth in the coming years.

Overall, PLASTIBLEN is a well-managed company with a strong track record of profitability. The company is well-positioned to continue to grow in the future.

Here are some additional details about Plastiblends India Limited (PLASTIBLEN):

The company was founded in 1981.
It is headquartered in Ahmedabad, India.
It has manufacturing facilities in India, China, and the United States.
It employs over 5,000 people.
Its products are used in a variety of industries, including the automotive, packaging, and construction industries.
The company is listed on the Bombay Stock Exchange (BSE).

Plastiblends India Limited (PLASTIBLEN) Chart

Technical Analysis of Plastiblends India Limited (PLASTIBLEN)

Spinning Top Black

Spinning Top Black is formed on Plastiblends India Limited (PLASTIBLEN) in 1 Day Timeframe. Black spinning tops are candlestick lines that are small, red-bodied, and possess shadows (upper and lower) that end up exceeding the length of candle bodies. They often signal indecision.

Moving Averages

Period	Simple	Exponential
MA 5	234.95	233.18
MA 10	231.73	232.71
MA 20	232.19	231.27
MA 30	230.94	228.71
MA 50	223.41	222.12
MA 100	202.45	208.50
MA 200	184.45	199.10

Moving Average Rating

Technical Indicators

Name	Value	Name	Value
Aroon Up (14)	78.57	Aroon Down (14)	50.00
MACD Level (12, 26)	2.65	MACD Signal (12, 26)	3.20
Relative Strength Index (7)	49.35	Relative Strength Index (14)	52.17
Stochastic %D (14 3 3)	47.72	Stochastic %K (14 3 3)	39.47
Stochastic RSI Fast (3, 3, 14, 14)	40.18	Stochastic RSI Slow (3, 3, 14, 14)	58.10
Bollinger Upper Band (20)	240.67	Bollinger Lower Band (20)	223.71
Keltner Channels Upper Band (20)	250.94	Keltner Channels Lower Band (20)	211.59
Donchian Channels Upper Band (20)	258.90	Donchian Channels Lower Band (20)	215.75
Ichimoku Conversion Line (9, 26, 52, 26)	237.32	Ichimoku Base Line (9, 26, 52, 26)	237.32
Ichimoku Leading Span A (9, 26, 52, 26)	215.69	Ichimoku Leading Span B (9, 26, 52, 26)	205.93
Positive Directional Indicator (14)	27.59	Negative Directional Indicator (14)	15.53
Volume Weighted Average Price	232.15	Volume Weighted Moving Average 20	233.93

Oscillator Rating

Oscillators

Awesome Oscillator	5.75
Ultimate Oscillator (7,14,28)	43.44
Money Flow (14)	58.87
Chaikin Money Flow (20)	-0.17
Commodity Channel Index (20)	-13.85
Bull Bear Power	-0.36

High / Low

1 Month	258.90	215.75
3 Month	258.90	179.05
6 Month	258.90	138.55
52 Week	258.90	138.55
All Time	334.40	18.81

Volume

Volume	36,775.00
Average 10 D	66,261.30
Average 30 D	55,914.90
Average 60 D	50,141.70
Average 90 D	37,588.28

Change/Volatility

Change	0.40 (0.17%)
Change 1W	-1.35 (-0.58%)
Change 1M	4.70 (2.07%)
Volatility	2.26
Volatility W	5.22

Performance

Yesterday	26.15
Weekly	0.87
Monthly	1.35
3 Month	23.10
6 Month	50.98
Yearly	-0.51
5 Year	-2.29
All Time	321.53

Misc.

Average Day Range (14)	9.36
Average Directional Index (14)	26.01
Average True Range (14)	9.63
Williams Percent Range (14)	-62.22
Rate Of Change (9)	1.11
Hull Moving Average (9)	235.81
Momentum (10)	5.25
Parabolic SAR	218.29

PIVOT POINTS of Plastiblends India Limited (PLASTIBLEN)

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	149.98	189.88	208.62	229.78	248.52	269.68	309.58
Fibonacci	189.88	205.13	214.54	229.78	245.03	254.44	269.68
Camarilla	216.38	220.04	223.69	229.78	231.01	234.67	238.32
Woodie's	168.15	189.60	208.05	229.50	247.95	269.40	287.85
DeMark's	-	-	219.20	235.08	259.10	-	-

Financial Analysis of Plastiblends India Limited (PLASTIBLEN)

Income Statement

Basic EPS (FY)	10.33
Basic EPS (TTM)	9.43
EBITDA (Annual YoY Growth)	-18.71
EBITDA (Quarterly QoQ Growth)	-26.25
EBITDA (Quarterly YoY Growth)	-17.78
EBITDA (TTM)	469.9 M
EBITDA (TTM YoY Growth)	-27.07
EPS Diluted (Annual YoY Growth)	-26.83
EPS Diluted (FY)	10.33
EPS Diluted (Quarterly QoQ Growth)	-11.99
EPS Diluted (Quarterly YoY Growth)	-23.37
EPS Diluted (TTM)	9.43
EPS Diluted (TTM YoY Growth)	-38.60
Free Cash Flow (Annual YoY Growth)	764.59
Free Cash Flow Margin (FY)	8.22
Gross Profit (Annual YoY Growth)	-12.24
Gross Profit (FY)	820.7 M
Gross Profit (MRQ)	341.4 M
Gross Profit (Quarterly QoQ Growth)	-3.25
Gross Profit (Quarterly YoY Growth)	-3.40
Gross Profit (TTM YoY Growth)	-10.31
Last Year Revenue (FY)	7.7 B
Revenue (Annual YoY Growth)	7.09
Revenue per Employee (FY)	16.4 M
Revenue (Quarterly QoQ Growth)	-1.16
Revenue (Quarterly YoY Growth)	-4.19
Revenue (TTM YoY Growth)	-1.13
Net Income (Annual YoY Growth)	-26.83
Net Income (FY)	268.5 M
Net Income (Quarterly QoQ Growth)	-11.99
Net Income (Quarterly YoY Growth)	-23.37
Net Income (TTM YoY Growth)	-38.60
Total Revenue (FY)	7.7 B

Valuation

Enterprise Value/EBITDA (TTM)	12.79
Number of Employees	468.00
Number of Shareholders	13,935.00
Shares Float	8.3 M
Price to Book (FY)	1.53
Price to Earnings Ratio (TTM)	24.60
Price to Revenue Ratio (TTM)	0.79
Price to Sales (FY)	0.78
Total Shares Outstanding	26 M
Research & development Ratio (FY)	0.30
Selling & Admin expenses Ratio (FY)	5.80
Selling & Admin expenses Ratio (TTM)	11.95

Balance Sheet

Total Assets (Annual YoY Growth)	-6.46
Total Debt (Annual YoY Growth)	-81.34
Total Liabilities (FY)	892.2 M
Cash & Equivalents (FY)	25 M
Cash and short term investments (FY)	296.6 M

Operating Metrics

Dividends

Dividend Yield Forward	1.73
Dividends Paid (FY)	-104,349,000.00
Dividends per Share (FY)	4.00

Margins

Net Margin (FY)	3.49
Net Margin (TTM)	3.23
Gross Margin (FY)	10.68
Gross Margin (TTM)	15.98
Operating Margin (FY)	4.54
Operating Margin (TTM)	4.04
Pretax Margin (TTM)	4.39

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Plastiblends India Limited (PLASTIBLEN)

Plastiblends India Limited (PLASTIBLEN) Chart