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On 6 Nov 2026, Plastiblends India was priced at ₹171.90, or 9.7× trailing earnings, against an industry P/E of 22.1×, and the shares are 21% below their 52-week high. It earns ROCE of 11% and ROE of 9.7%, and sales and net profit grew 0.9% and 11% a year over 3 years. It has almost no debt, and its dividend yield is 1.8%. It is a small-cap company with a market cap of ₹447 Cr, ranked 103rd of 204 Specialty Chemicals companies by market cap; the shares fell 3.4% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹170.16
Day high
₹172.00
Day low
₹168.00
Prev. close
₹171.13
Volume
8.9K

Health check

3 good · 1 fair · 2 to check
  • ReturnsBehind

    −3.4% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/E 9.7 vs industry 22.1.

  • GrowthSteady

    Sales +0.9%, profit +11.0% a year over 3 years.

  • ProfitabilityWeak

    ROCE 10.7% vs peer median 24.4%.

  • Balance sheetSolid

    Practically debt-free.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹447 Cr, #103 of 204 in its industry by size.

Defensive

Beta 0.45 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹847 Cr · profit ₹46 Cr
Market cap
₹447 Cr
Small cap
P/E
9.7
Industry 22.1
Price to book
0.87
Peers 13.33
Dividend yield
1.75%
ROE
9.7%
Peers 23.0%
ROCE
10.7%
Peers 24.4%
Debt to equity
0.03
Debt ₹17 Cr
EPS (TTM)
₹17.67
Face value ₹5
OPM (TTM)
7.9%
Net margin 5.4%
Sales growth
+18.8%
Latest quarter vs a year ago
Profit growth
+43.4%
Latest quarter vs a year ago
Price to sales
0.53
EV/EBITDA 6.5

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 43.4% on a year ago.
  • Quarterly sales up 18.8% on a year ago.
  • P/E of 9.7 against an industry P/E of 22.1.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Plastiblends India

Plastiblends India Limited engages in the manufacture and sale of masterbatches in India and internationally. The company offers additive, black, color, filler, polyester, and white masterbatches, as well as conductive and engineered plastic compounds. Its products are used in agriculture, appliances, automotive and transportation, electrical and electronics, telecommunication, flexible packaging, healthcare and pharmaceutical, rigid packaging, textiles,…

Headquarters
Mumbai
Employees
496
Sector
Basic Materials
ISIN
INE083C01022
Website
plastiblends.com

Price range

52 weeks

₹121.01₹216.29

Today

₹168.00₹172.00
Avg volume (3M)
44.3K
1-year return
minus 3.4%
From 52-week high
minus 20.5%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%15.3%0.154.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.1%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
PLASTIBLENPlastiblends India171.90plus 0.45%4479.7––7.9%0.03–minus 3.4%
Median of 7 peers–0.48%58,49670.944.424.4%24.1%0.215.8%6.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
200–186211222229
––176192200213
–79.7192216.1
––5.2%9.0%9.9%7.1%
––3.43.72.42.6
–0.50.70.70.40.4
3.8–3.83.73.73.8
11.9–8.618.320.214.5
25.0%–24.8%24.3%26.1%26.7%
8.9–6.513.91510.7
3.43–2.495.335.754.10

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+0.9%
Profit CAGR 3Y
+11.0%
EPS CAGR 3Y
+11.0%
ROE
9.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
767802780788
–+4.5%minus 2.8%+1.1%
718748728735
49.954.652.153
6.5%6.8%6.7%6.7%
4.28.26.710.1
2.11.21.32.1
16.415.415.215.1
0.9–2.63
36.546.244.948.8
26.4%25.2%25.6%24.8%
26.934.533.436.7
–+28.6%minus 3.1%+9.7%
10.3313.2812.8714.12

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
13131313
382392415436
8.77.84.822.3
80.769.374.586.4
484482507558
179175171184
0.11.22.56.1
40.124.324.215.1
2948.736.945.6
237233272307
484482507558

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
72.338.18.921.3
−26.2−27.46.3−33
−45.3−11−11.9−8.4
0.9−0.43.2−20.1
−8.1−12.3−11.4−27.9
64.225.8−2.5−6.6
−10.4−10.4−11−6.5

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 0.0% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you