The shares of the Specialty Chemicals manufacturer gained up to 6 percent after the company’s net profit increased to Rs 212 crore which is 38 percent up in Q1FY25.
Plastiblends India Ltd has a market capitalization of Rs 842.44 crore, the shares were trading in green at Rs 324.15 per share, increasing around 3 percent as compared to the previous closing price of Rs 315.00 apiece.
Reason for the rise
Looking into the company’s Performance, Plastiblends India Ltd’s revenue soared by 6 percent on a quarter-on-quarter basis from Rs. 199 crores in Q4FY24 to Rs.212 crores in Q1FY25. Further, revenue soared by 8 percent year on year from Rs. 196 crores in Q1FY24 to Rs.212 crores in Q1FY25.
Plastiblends India Ltd’s net profit is stable on a quarter-on-quarter basis at Rs. 11 crores in Q1FY25 from last Quarter. Further, net profit increased by 38 percent year on year from Rs. 8 crores in Q1FY24 to Rs. 11 crores in Q1FY25.
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Ratio Analysis:-
The company’s profitability measures show an incline in return on equity (RoE) from 6.79 percent in FY 22-23 to 8.51 percent in FY 23-24, while, during the same period return on capital employed (RoCE) increased from 8.96 percent to 10.87 percent. In contrast, the net profit margin (NPM) was 4.30 percent in fiscal year 23-24.
Shareholding pattern:-
As of March 2024, the firm’s shareholding pattern stood at 64.38 percent for promoters, 34.88 percent for the public, 0.73 percent for foreign institutional investors, and 0 percent for domestic institutional investors.
Company Snapshot:-
Plastiblends India Limited manufactures and exports color and additive masterbatches and thermoplastic compounds for the plastic processing industry. The company operates manufacturing plants in Daman (UT), Roorkee (Uttarakhand), and Palsana (Surat-Gujrat).
Written by:- Abhishek Singh
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