Plastiblends India Ltd
NSE: PLASTIBLEN · Specialty Chemicals · sector
Key numbers
Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹47 cr vs borrowings ₹20 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 30.3x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding fell by 0.75 percentage points in a year, to 62.06% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 26% of net profit in the last 12 months.
- Debtor days went from 40 (FY24) to 60 (FY26).
- Dividend paid in 4 of the last 5 financial years.
- Price ₹164.30 on 2026-10-26: -24.0% from the 52-week high, +35.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 184 | 199 | 200 | 193 | 186 | 211 | 222 | 229 |
| EBITDA | 11 | 14 | 13 | 11 | 10 | 19 | 22 | 16 |
| OPM % | 6.2% | 7.3% | 6.8% | 5.6% | 5.2% | 9.0% | 9.9% | 7.1% |
| Other income | 2 | 2 | 3 | 4 | 3 | 4 | 2 | 3 |
| Net profit | 7 | 10 | 9 | 7 | 6 | 14 | 15 | 11 |
| EPS (₹) | 2.58 | 3.68 | 3.43 | 2.86 | 2.49 | 5.33 | 5.75 | 4.10 |
| Revenue YoY | +0.8% | +5.8% | +11.0% | +18.8% | ||||
| Profit YoY | -3.6% | +44.8% | +67.6% | +43.1% |
Standalone figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 718 | 769 | 802 | 780 | 789 | 847 |
| EBITDA | 61 | 50 | 55 | 52 | 53 | 67 |
| Net profit | 37 | 27 | 35 | 33 | 37 | 46 |
| EPS (₹) | 14.12 | 10.33 | 13.28 | 12.87 | 14.12 | 17.67 |
| Revenue growth | +7.1% | +4.4% | -2.7% | +1.1% | +9.2% | |
| Profit growth | -26.8% | +28.6% | -3.2% | +9.7% | +40.7% | |
| Dividend / share (₹) | 4.00 | 4.00 | – | 4.25 | 2.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.9% | +6.4% | +9.2% |
| Net profit | +11.0% | -0.4% | +40.7% |
| EPS | +11.0% | -0.4% | – |
| Share price | – | -20.2% (2y) | -7.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 395 | 405 | 428 | 449 |
| Borrowings | – | 0 | 1 | 0 | 20 |
| Cash & equivalents | – | 30 | 49 | 38 | 47 |
| Total assets | – | 484 | 482 | 507 | 558 |
| Fixed assets | – | 179 | 174 | 168 | 178 |
| Capital work in progress | – | 0 | 1 | 3 | 6 |
| Investments | – | 40 | 24 | 24 | 15 |
| Receivables | – | 91 | 88 | 111 | 130 |
| Inventory | – | 122 | 126 | 139 | 154 |
| Payables | – | 28 | 23 | 28 | 33 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 15 | 72 | 38 | 9 | 21 |
| Cash from investing | -4 | -26 | -27 | 6 | -33 |
| Cash from financing | -13 | -45 | -11 | -12 | -8 |
| Capex | 6 | 8 | 12 | 11 | 28 |
| Free cash flow | 9 | 64 | 26 | -3 | -7 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 6.8% | 8.5% | 7.8% | 8.2% |
| ROCE % | – | 9.8% | 11.6% | 10.8% | 10.9% |
| Debtor days | – | 43 | 40 | 52 | 60 |
| Inventory days | – | 75 | 76 | 87 | 95 |
| Payable days | – | 17 | 14 | 17 | 21 |
| Cash conversion cycle (days) | – | 101 | 102 | 122 | 134 |
| Working capital days | – | 98 | 105 | 119 | 125 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 62.06% |
| FIIs | 0.26% |
| Public (non-institutions) | 37.68% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 63.07% | 63.07% | 62.85% | 62.81% | 62.81% | 62.81% | 62.81% | 62.06% |
| Promoter group | % |
|---|---|
| Varun Satyanarayan Kabra | 30.38% |
| Kolsite Corporation LLP | 8.86% |
| Saritadevi Satyanarayan Kabra | 8.03% |
| Jyoti Varun Kabra | 6.79% |
| Kabra Extrusiontechnik Limited | 4.55% |
| Satyanarayan Gopilal Kabra | 2.62% |
| Shiv Varun Kabra | 0.38% |
| Akshay Varun Kabra | 0.38% |
| Shreevallabh Kabra Family Trust | 0.03% |
| Anand Shreevallabh Kabra | 0.02% |
| Ekta Anand Kabra | 0.02% |
| Shreevallabh Gopilal Kabra | 0.00% |
| Public holders above 1% | % |
|---|---|
| Colloids (Widnes) Ltd Pension Fund | 1.77% |
| Minaxi Bhalchandra Trivedi | 1.37% |
18,534 shareholders. Pledged: 0.00% of promoter shares.
Peers in Specialty Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PIDILITIND | ₹1,50,431 cr | 56.8x | 13.9x | 25.7% | 33.4% | 24.5% | +7.4% | 1.01% |
| FLUOROCHEM | ₹46,168 cr | 75.4x | 5.9x | 8.1% | 10.0% | 25.6% | -4.2% | 0.07% |
| NAVINFLUOR | ₹39,306 cr | 49.7x | 9.9x | 23.9% | 22.2% | 33.7% | +16.8% | 0.18% |
| DEEPAKNTR | ₹19,676 cr | 25.1x | 3.4x | 14.0% | 15.3% | 15.4% | -0.4% | 0.52% |
| AETHER | ₹19,529 cr | 82.8x | 8.0x | 10.1% | 11.4% | 30.9% | +21.2% | – |
| ATUL | ₹15,762 cr | 19.8x | 2.5x | 11.9% | 16.9% | 17.9% | +7.9% | 0.47% |
| AARTIIND | ₹15,539 cr | 29.3x | 2.6x | 9.2% | 8.0% | 14.9% | +7.8% | 0.24% |
| FINEORG | ₹15,328 cr | 35.0x | 5.8x | 17.7% | 21.3% | 21.7% | -7.8% | 0.22% |
| BASF | ₹13,174 cr | 20.5x | 3.3x | 16.9% | 22.0% | 5.9% | +3.1% | 0.66% |
| PLASTIBLEN | ₹427 cr | 9.3x | 0.8x | 9.7% | 12.1% | 7.9% | +0.9% | 1.52% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-17 | Dividend | Dividend - Rs 3 Per Share |
| 2025-07-08 | Dividend | Dividend - Rs 2.50 Per Share |
| 2024-07-23 | Other | Annual General Meeting |
| 2024-07-23 | Dividend | Dividend - Rs 4.25 Per Share |
| 2023-06-23 | Dividend | Annual General Meeting/Dividend - Rs Per Share |
| 2022-06-17 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2021-07-16 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2020-09-22 | Other | Annual General Meeting |
| 2020-03-05 | Dividend | Interim Dividend - Rs 3.75 Per Share |
| 2019-07-18 | Dividend | Annual General Meeting/Dividend - Rs 2.75 Per Share |
| 2018-08-02 | Dividend | Annual General Meeting/Dividend- Rs 2.50 Per Share |
| 2017-07-03 | Bonus | Bonus 1:1 |
| 2017-05-26 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2016-07-13 | Other | Annual General Meeting |
| 2016-03-16 | Dividend | Interim Dividend Rs 5.75/- + Special Dividend - Rs 1.25/- Per Share (Purpose Revised) |
| 2015-08-17 | Dividend | Annual General Meeting/ Dividend - Rs 5.50/- Per Share |
| 2014-08-28 | Dividend | Annual General Meeting / Dividend - Rs 5/- Per Share |
| 2013-08-16 | Dividend | Annual General Meeting/Dividend Rs 3.50/- Per Share |
| 2012-02-29 | Split | Face Value Split From Rs.10/- To Rs.5/- |
| 2011-08-18 | Dividend | Annual General Meeting And Dividend Rs.7/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Specialty Chemicals |
| Sub-industry | Specialty Chemicals |
| Symbol | PLASTIBLEN |
| BSE code | 523648 |
| ISIN | INE083C01022 |
| Face value | ₹5.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.