As of 6 Nov 2026, Ecoplast trades at 18.8× trailing earnings, above the industry P/E of 18.1×. Sales and net profit grew 32% and 39% a year over 3 years, with ROCE of 13% and ROE of 11%. It carries very little debt. It is a small-cap company with a market cap of ₹235 Cr, ranked 30th of 83 Packaging & Containers companies by market cap; the shares fell 9.5% over the past year.
- ₹469.90
- ₹498.30
- ₹461.40
- ₹469.90
- 137
Health check
- ReturnsBehind
−9.5% over a year, better than 2 of 7 peers.
- Price tagIn line
P/E 18.8 vs industry 18.1.
- GrowthStrong
Sales +31.9%, profit +39.3% a year over 3 years.
- ProfitabilityAverage
ROCE 13.2% vs peer median 16.7%.
- Balance sheetStretched
Practically debt-free, Piotroski 2 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹235 Cr
- Small cap
- P/E
- 18.8
- Industry 18.1
- Price to book
- 1.43
- Peers 2.06
- Dividend yield
- 0.00%
- ROE
- 10.6%
- Peers 14.4%
- ROCE
- 13.2%
- Peers 16.7%
- Debt to equity
- 0.02
- Debt ₹1.99 Cr
- EPS (TTM)
- ₹26.38
- OPM (TTM)
- 9.6%
- Net margin 5.4%
- Sales growth
- +17.9%
- Latest quarter vs a year ago
- Profit growth
- +14.1%
- Latest quarter vs a year ago
- Price to sales
- 1.02
- EV/EBITDA 9.9
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 17.9% on a year ago.
About Ecoplast
Ecoplast Limited, together with its subsidiary, Synergy Films Private Limited, manufactures, processes, and sells co-extruded plastic films for packaging and industrial applications in India and internationally. The company offers lamination and surface protection films, multilayer coextruded polyethylene, co-polymer, surface protection, speciality application, adhesive, glueless co-ex surface protection, sustainable polyethylene, and lamination films.…
- Headquarters
- Mumbai
- Employees
- 244
- Sector
- Consumer Cyclical
- ISIN
- INE423D01010
- Website
- ecoplastindia.com
Price range
- Avg volume (3M)
- 1.4K
- 1-year return
- minus 9.5%
- From 52-week high
- minus 7.9%
Peers · Packaging & Containers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMETECHNOTime Technoplast | 170.65 | minus 1.98% | 8,424 | 15.9 | 2.06 | 15.3% | 13.4% | 10.3% | 12.5% | 28.9% | 0.86% | minus 17.5% |
| EPLEPL | 221.31 | minus 3.61% | 7,101 | 18.1 | 2.26 | 16.7% | 14.9% | 19.8% | 8.5% | 19.7% | 2.26% | plus 13.4% |
| AGIAGI Greenpac | 645.55 | minus 3.31% | 4,177 | 11.8 | 1.65 | 18.2% | 14.9% | 22.0% | 5.5% | 10.4% | 1.08% | minus 18.3% |
| UFLEXUFLEX | 575.30 | minus 2.13% | 4,154 | 6.1 | 0.51 | 7.5% | 4.1% | 14.0% | 1.4% | −12.9% | 0.52% | plus 9.1% |
| TCPLPACKTCPL Packaging | 4,431.10 | minus 2.80% | 4,024 | 34.9 | 5.61 | 18.3% | 14.4% | 12.8% | 7.3% | −4.2% | 0.55% | plus 37.9% |
| JINDALPOLYJindal Poly Films | 697.50 | minus 0.11% | 3,054 | – | 1.00 | −18.2% | −29.9% | −36.5% | −15.6% | – | 0.00% | plus 25.0% |
| KNACKKnack Packaging | 199.71 | plus 1.42% | 2,444 | 21.6 | 3.34 | 38.3% | 35.5% | 17.8% | 16.6% | 67.1% | 0.00% | plus 9.1% |
| ECOPLASTEcoplast | 495.15 | plus 5.37% | 235 | 18.8 | 1.43 | 13.2% | 10.6% | 9.6% | 31.9% | 39.3% | 0.00% | minus 9.5% |
| Median of 7 peers | – | −2.13% | 4,154 | 17.0 | 2.06 | 16.7% | 14.4% | 14.0% | 7.3% | 15.0% | 0.55% | 9.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 53.7 | 35.7 | 36.1 | 57.4 | 63.3 | |
| 49.4 | 32.5 | 33.5 | 50.7 | 57.2 | |
| 4.2 | 3.2 | 2.6 | 6.6 | 6.1 | |
| 7.8% | 8.9% | 7.2% | 11.5% | 9.6% | |
| 1.2 | 0.7 | 0.5 | 0.8 | 0.4 | |
| 0.2 | 0.1 | 0.2 | 0.1 | 0.2 | |
| 1.4 | 1 | 1 | 1.5 | 1.6 | |
| 3.9 | 2.8 | 2 | 5.8 | 4.6 | |
| 25.1% | 27.4% | 28.0% | 22.2% | 28.2% | |
| 2.9 | 2 | 1.4 | 4.5 | 3.3 | |
| 6.13 | 5.86 | 4.07 | 9.55 | 7.00 |
Profit & loss
- Sales CAGR 3Y
- +31.9%
- Profit CAGR 3Y
- +39.3%
- EPS CAGR 3Y
- +19.5%
- ROE
- 10.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 96.1 | 113 | 207 | 221 | |
| – | +17.6% | +83.5% | +6.4% | |
| 90.2 | 100 | 186 | 202 | |
| 5.9 | 13 | 21.4 | 18.5 | |
| 6.1% | 11.5% | 10.3% | 8.4% | |
| 0.5 | 1.4 | 2.8 | 2.7 | |
| 0.6 | 0 | 0.5 | 0.2 | |
| 2.5 | 2.5 | 5.1 | 5.7 | |
| 2.9 | 0.3 | 0.7 | 0.7 | |
| 6.2 | 12.1 | 19.3 | 16 | |
| 28.3% | 24.4% | 26.6% | 24.9% | |
| 4.4 | 9.2 | 14.2 | 12 | |
| – | +106.3% | +54.4% | minus 15.2% | |
| 14.82 | 30.58 | 32.63 | 25.27 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3 | 3 | 3.5 | 3.5 | |
| 30.3 | 39 | 104 | 116 | |
| 1.2 | 1.1 | 1.5 | 2 | |
| 9.5 | 11.6 | 22 | 21.6 | |
| 44 | 54.6 | 131 | 143 | |
| 15 | 18 | 36.9 | 69.3 | |
| 0.2 | 2.1 | 2 | 23.2 | |
| 0.2 | 0.2 | 0.1 | 0.9 | |
| 2.4 | 2 | 24.5 | 7.4 | |
| 26.2 | 32.4 | 67.3 | 42.5 | |
| 44 | 54.6 | 131 | 143 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14.8 | 12.7 | 12.9 | −2.1 | |
| 0.5 | −3.4 | −28 | −6.1 | |
| −13.7 | −1.9 | 18.2 | −0.1 | |
| 1.7 | 7.4 | 3 | −8.3 | |
| −2.3 | −4 | −13.9 | −22.3 | |
| 12.5 | 8.7 | −1 | −24.4 | |
| – | −0.5 | −1.9 | – |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.