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Plastiblends India Limited (PLASTIBLEN) Fair Value & Analysis

Basic Materials · IN · Market cap ₹4.7B

PI Plastiblends India Limited PLASTIBLEN · NSE
Price₹191.80
Fair Value₹216.52
Upside+12.9%
Quality53/100
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Expensive Growth
Thin margins · 4.7% net margin
Low debt · negative free cash flow
1.68% dividend yield
Ranks above peers (13/13)
Narrow moat 36/100
Evidence: High Range ₹151.56 – ₹281.48 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 4 days ago

Share price −3.4% over the past month.

A solid business, screening 13% undervalued on our models.

What matters now

  • A fairly wide model range (₹151.56 to ₹281.48) leaves room in how you read the outcome.
  • Our model range runs from ₹151.56 (bear) to ₹281.48 (bull), base ₹216.52. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹371.34 ₹121.57 Fair Value ₹216.52 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹121.57 – ₹371.34 · fair‑value band ₹151.56 – ₹281.48 · the ₹191.80 price screens below the ₹216.52 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Plastiblends India Limited (PLASTIBLEN) currently trades at ₹191.80, while our model-based Fair Value estimate is ₹216.52, implying the stock looks roughly 12.9% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Plastiblends India Limited generated revenue of ₹7.9B at a net margin of 4.7%. Revenue grew 5.8% year over year. It earns a return on equity of 8.4%. Net debt stands at ₹168M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹151.56 (bear case) to ₹281.48 (bull case); at ₹191.80, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 58% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at 13%, PLASTIBLEN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹141.95 ₹151.53 ₹169.94 76
ROIC Compounder ₹92.36 ₹106.60 ₹118.89 72
Gordon GGM ₹21.96 ₹43.75 ₹66.25 70
All 17 models by family
DCF Models
Owner Earnings ₹100.68 ₹151.55 ₹225.69 31
Earnings-Based
Graham-Dodd ₹95.99 ₹293.73 ₹389.98 54
Lynch FV ₹63.14 ₹90.21 ₹117.27 50
PEG = 1.0 ₹63.14 ₹90.21 ₹117.27 46
EPV ₹92.36 ₹106.60 ₹118.89 59
Dividend Discount
Gordon GGM ₹21.96 ₹43.75 ₹66.25 70
DDM Multi-Stage ₹21.96 ₹35.41 ₹46.18 61
Multiples
P/E Multiple ₹179.99 ₹239.98 ₹299.98 63
P/S Multiple ₹179.99 ₹239.98 ₹299.98 58
P/B Multiple ₹179.99 ₹239.98 ₹299.98 55
EV/EBIT ₹155.34 ₹206.41 ₹257.48 53
EV/EBITDA ₹155.12 ₹206.12 ₹257.11 54
EV/Revenue ₹134.91 ₹191.82 ₹248.72 43
Asset-Based
NCAV (Graham) ₹86.39 ₹115.76 ₹172.78 50
Economic Profit
Residual Income ₹141.95 ₹151.53 ₹169.94 76
ROIC Compounder ₹92.36 ₹106.60 ₹118.89 72
Growth Earnings
Growth-Adj P/E ₹151.56 ₹216.52 ₹281.48 68

Widest divergence: Growth Earnings (₹216.52) versus Dividend Discount (₹35.41). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹7.9B
Revenue growth (YoY) +5.8%
Net margin 4.7%
Return on equity 8.4%
Free cash flow −₹81.3M FY2026
P/E ratio 13.6
More key figures
Operating margin 7.3%
EPS (TTM) ₹14.13
Dividend yield 1.7%
EPS growth (YoY) +44.8%
Net debt ₹168M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 63

Profitability 52
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Plastiblends India Limited engages in the manufacture and sale of masterbatches in India and internationally. The company offers additive, white, black, color, polywhite (filler), PET, and white masterbatches; and conductive and engineered plastic compounds.

Full company description

Plastiblends India Limited engages in the manufacture and sale of masterbatches in India and internationally. The company offers additive, white, black, color, polywhite (filler), PET, and white masterbatches; and 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, and wire and cable industries. Plastiblends India Limited was incorporated in 1991 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Plastiblends India Limited reported revenue of ₹7.9B in FY2026 versus ₹7.1B in FY2022, a compound +2.5%/yr. Reported net income was ₹367M in FY2026, compounding −0.0%/yr from FY2022.

Growth Quality 40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹7.9B
Latest YoY
+1.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.4%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.3%
Revenue +2.5%/yr
FY22 ₹7.1B
FY23 ₹7.7B
FY24 ₹8.0B
FY25 ₹7.8B
FY26 ₹7.9B
Net income −0.0%/yr
FY22 ₹367M
FY23 ₹269M
FY24 ₹345M
FY25 ₹334M
FY26 ₹367M
Character of growth · EPS growth decomposed (2015-2026) +0.5 % p.a.
Revenue per share +4.8 pp

of which total revenue +4.8 pp · buybacks/dilution +0.0 pp

EBIT margin +0.7 pp
Tax rate +0.6 pp
Residual (interest, one-offs) −5.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Plastiblends India Limited Fair Value". https://www.fairvalue-calculator.com/stock/PLASTIBLEN

Peer Group

Specialty Chemicals · 672 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 53 · Above median
Fair Value upside +13% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 1.7% · Above median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 13.6× · Cheaper than 75% of peers
P/B 1.05× · Cheaper than median
P/S (TTM) 0.60× · Cheaper than median
EV/EBITDA 8.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 51 · sector 0
FUTURE 29 · sector 18
PAST 33 · sector 23
HEALTH 100 · sector 95
DIVIDEND 34 · sector 31

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $479.43 $222.03 -54%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 -9%
Novozymes A/S NSISB kr 416.10 kr 170.02 -59%
Asian Paints Limited ASIANPAINT ₹2,756 ₹664.51 -76%
Solar Industries India Limited SOLARINDS ₹18,730 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,702 ₹351.84 -79%
PT Chandra Asri Pacific Tbk TPIA 2,160 IDR 2,322 IDR +8%
Berger Paints India Limited BERGEPAINT ₹559.80 ₹154.46 -72%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,566 ₹836.47 -82%
Himadri Speciality Chemical Limited HSCL ₹778.15 ₹248.63 -68%

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Frequently asked questions

Is Plastiblends India Limited (PLASTIBLEN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹216.52 versus a price of ₹191.80, about +13% (undervalued).
What is the fair value of PLASTIBLEN?
Our model-based fair value for Plastiblends India Limited is ₹216.52 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹191.80.
What is the quality score of PLASTIBLEN?
Plastiblends India Limited has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Plastiblends India Limited (PLASTIBLEN)?
Plastiblends India Limited reported trailing-twelve-month revenue of about ₹7.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PLASTIBLEN?
The net profit margin of Plastiblends India Limited is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.
Does Plastiblends India Limited pay a dividend?
Plastiblends India Limited currently shows a dividend yield of about 1.68% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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