PLASTIBLEN
Plastiblends India financials
- Market cap
- ₹503 Cr
- Sector
- Chemicals
Quarterly results
Q1 FY27: revenue up 11.0%, net profit up 66.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 185 | 184 | 199 | 200 | 193 +4% | 186 +1% | 211 +6% | 222 +11% |
| EBITDA | 10 | 11 | 14 | 13 | 11 +10% | 10 −9% | 19 +36% | 22 +69% |
| Net profit | 6 | 7 | 10 | 9 | 7 +17% | 6 −14% | 14 +40% | 15 +67% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −1.2% 1Y
1Y: ₹195.16 on 10 Sept 2025 → ₹192.78. High ₹204.51 (11 Aug 2026), low ₹121.57 (30 Mar 2026).
Financials, as filed
Revenue grew 0.9% a year over 3 years, FY23 to FY26. Operating margin held at 6.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹769 Cr | ₹802 Cr | ₹780 Cr | ₹790 Cr |
| Operating profit | ₹50 Cr | ₹54 Cr | ₹51 Cr | ₹53 Cr |
| Operating margin | 6.5% | 6.7% | 6.5% | 6.7% |
| Interest | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr |
| Depreciation | ₹16 Cr | ₹16 Cr | ₹16 Cr | ₹16 Cr |
| Net profit | ₹27 Cr | ₹36 Cr | ₹34 Cr | ₹36 Cr |
| Net margin | 3.5% | 4.5% | 4.4% | 4.6% |
| Cash from operations | ₹72 Cr | ₹38 Cr | ₹9 Cr | ₹21 Cr |
| Free cash flow | ₹64 Cr | ₹26 Cr | ₹-2 Cr | ₹-6 Cr |
| ROCE | 9.0% | 11.0% | 10.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹317 Cr | ₹368 Cr | ₹382 Cr | ₹392 Cr | ₹422 Cr | ₹436 Cr |
| Borrowings | ₹32 Cr | ₹45 Cr | ₹9 Cr | ₹8 Cr | ₹24 Cr | ₹22 Cr |
| Other liabilities | ₹91 Cr | ₹92 Cr | ₹81 Cr | ₹69 Cr | ₹67 Cr | ₹86 Cr |
| Total liabilities | ₹453 Cr | ₹518 Cr | ₹484 Cr | ₹482 Cr | ₹526 Cr | ₹558 Cr |
| Fixed assets | ₹179 Cr | ₹189 Cr | ₹181 Cr | ₹176 Cr | ₹167 Cr | ₹180 Cr |
| Capital work in progress | ₹9 Cr | ₹2 Cr | ₹0 Cr | ₹1 Cr | ₹18 Cr | ₹6 Cr |
| Investments | ₹22 Cr | ₹51 Cr | ₹67 Cr | ₹71 Cr | ₹52 Cr | ₹56 Cr |
| Other assets | ₹242 Cr | ₹275 Cr | ₹236 Cr | ₹235 Cr | ₹289 Cr | ₹316 Cr |
| Total assets | ₹453 Cr | ₹518 Cr | ₹484 Cr | ₹482 Cr | ₹526 Cr | ₹558 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.31 pp while FIIs trimmed −0.28 pp. The shareholder count grew 2% to 17,546.
- Promoters
- 62.8%
- FIIs
- 0.3%
- Public
- 36.9%
Since Jun 2025
- Public +0.31 pp
- FIIs −0.28 pp
- Promoters −0.03 pp
How it drifted, 12 quarters
Over this window the public went from 34.8% to 36.9% — +2.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 64.2%, FIIs 0.8%, DIIs 0.2%, Public 34.8%.Dec '23: Promoters 64.4%, FIIs 0.8%, Public 34.8%.Mar '24: Promoters 64.4%, FIIs 0.8%, Public 34.8%.Jun '24: Promoters 64.4%, FIIs 0.7%, Public 34.9%.Sep '24: Promoters 64.4%, FIIs 0.7%, Public 35.0%.Dec '24: Promoters 63.1%, FIIs 0.6%, Public 36.3%.Mar '25: Promoters 63.1%, FIIs 0.7%, Public 36.2%.Jun '25: Promoters 62.9%, FIIs 0.5%, Public 36.6%.Sep '25: Promoters 62.8%, FIIs 0.2%, Public 36.9%.Dec '25: Promoters 62.8%, FIIs 0.2%, Public 37.0%.Mar '26: Promoters 62.8%, FIIs 0.2%, Public 37.0%.Jun '26: Promoters 62.8%, FIIs 0.3%, Public 36.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Varun Satyanarayan Kabra +1.53 pp 30.38% held
- Jyoti Varun Kabra +1.53 pp 6.79% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Plastiblends India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Varun Satyanarayan Kabra | 30.38% | +1.53 pp |
| Kolsite Corporation LLP | 8.86% | −3.06 pp |
| Saritadevi Satyanarayan Kabra | 8.03% | unchanged |
| Jyoti Varun Kabra | 6.79% | +1.53 pp |
| Kabra Extrusiontechnik Limited | 5.30% | unchanged |
| Satyanarayan Gopilal Kabra | 2.62% | unchanged |
| Colloids (Widnes) Ltd Pension Fund | 1.77% | unchanged |
| Minaxi Bhalchandra Trivedi | 1.43% | unchanged |
| Shiv Varun Kabra | 0.38% | unchanged |
| Akshay Varun Kabra | 0.38% | unchanged |
| Shreevallabh Kabra Family Trust | 0.03% | unchanged |
| Anand Shreevallabh Kabra | 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹193, this stock must grow earnings at 6% every year for 7 years. Our analysis caps realistic growth at ~11%. At that growth it is worth ₹258 — upside of 34%.
- Growth the price implies
- 5.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 9.8% a year
- net profit, FY23–FY26 · EPS 11.0%
- The gap
- -0.1 pp
- 34% downside if it only repeats history
Learn to analyse Plastiblends India Limited
Guides on how to read this kind of business and the numbers that matter.