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Plastiblends India Limited (PLASTIBLEN) Fair Value & Analysis

Basic Materials · IN · Market cap ₹5.0B (≈ $52.9M) · ISIN INE083C01022

What is Plastiblends India Limited really worth?

PI Plastiblends India Limited PLASTIBLEN · BSE
Price₹187.50
Fair Value₹188.42
Upside+0.5%
Quality56/100

A solid business, currently priced close to our fair value of ₹188.42.

As of Aug 23, 2026, the fair value of Plastiblends India Limited is ₹188.42 per share against a price of ₹187.50, so the fair value sits 0% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +6.4 %/yr)
!Thin margins · 4.2% net margin
!Low debt · negative free cash flow
!Narrow moat 38/100
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range ₹131.89 – ₹244.95

Fair value as of: Aug 23, 2026

From 13 valuation models · updated 14 days ago

Share price −0.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹131.89 to ₹244.95) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

₹366.91 ₹119.57 Fair Value ₹188.42 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range ₹119.57 – ₹366.91 · fair‑value band ₹131.89 – ₹244.95 · the ₹187.50 price screens below the ₹188.42 fair value. Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Plastiblends India Limited (PLASTIBLEN) currently trades at ₹187.50, while our model-based Fair Value estimate is ₹188.42, implying the stock looks roughly 0.5% fairly valued today. The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of ₹206.02 per share, and 8 of the 13 models we run sit above the ₹187.50 price. Bear case: the Earnings-Based group reads lowest at ₹105.60, and 5 of the 13 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Plastiblends India Limited generated revenue of ₹7.8B at a net margin of 4.2%. Revenue grew 0.8% year over year. It earns a return on equity of 7.6%. Net debt stands at ₹155M. Fundamentals as of Aug 23, 2026

Our scenario range runs from ₹131.89 (bear case) to ₹244.95 (bull case); at ₹187.50, 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 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at 0%, PLASTIBLEN screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ₹8.51 per share, which is 3.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Owner Earnings ₹92.13 ₹125.40 ₹173.48 77
Residual Income ₹142.35 ₹152.17 ₹170.07 76
EPV ₹91.44 ₹105.60 ₹117.82 74
All 13 models by family
DCF Models
Owner Earnings ₹92.13 ₹125.40 ₹173.48 77
Earnings-Based
Graham-Dodd ₹95.99 ₹191.59 ₹240.60 66
EPV ₹91.44 ₹105.60 ₹117.82 74
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 ₹154.95 ₹206.02 ₹257.09 66
EV/EBITDA ₹154.73 ₹205.73 ₹256.73 67
EV/Revenue ₹134.52 ₹191.43 ₹248.33 53
Asset-Based
NCAV (Graham) ₹86.39 ₹115.76 ₹172.78 54
Economic Profit
Residual Income ₹142.35 ₹152.17 ₹170.07 76
ROIC Compounder ₹91.44 ₹105.60 ₹117.82 72
Growth Earnings
Growth-Adj P/E ₹131.89 ₹188.42 ₹244.95 67

Widest divergence: Multiples (₹206.02) versus Earnings-Based (₹105.60). Highest evidence: Owner Earnings (77).

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Key figures & financial health

P/E ratio 15.0
P/S ratio 0.70 P/E × margin
EPS (TTM) ₹12.47 price ÷ EPS = P/E 15.0
Dividend yield 1.3% payout 19.6%
Net margin 4.7% FY2025
Return on equity 7.6% TTM
More key figures
Profitability
Return on assets (EBIT) 7.7% avg 5y
Operating margin 3.2% TTM
Growth
Revenue (TTM) ₹7.8B TTM
Revenue growth (YoY) +0.8% 3y avg +0.8%
EPS growth (YoY) −3.5%
Balance sheet & cash flow
Free cash flow −₹66.2M FY2025
Net debt ₹155M FY2025

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 63

Profitability 56
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 61
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Plastiblends India Limited manufactures and sells color and additive masterbatches, and thermoplastic compounds for the plastic processing industry in India and internationally. The company's products include white, black, color, additive, filler, and PET masterbatches, as well as conductive compounds and engineering polymers.

Full company description

Plastiblends India Limited manufactures and sells color and additive masterbatches, and thermoplastic compounds for the plastic processing industry in India and internationally. The company's products include white, black, color, additive, filler, and PET masterbatches, as well as conductive compounds and engineering polymers. It serves the agriculture, appliance, automotive and transportation, healthcare and pharma, packaging, textiles, and wire and cable markets, as well as electrical, electronics, and telecommunication markets. 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

FY2021 – FY2025 · reported fiscal years

Plastiblends India Limited reported revenue of ₹7.9B in FY2025 versus ₹7.2B in FY2021, a compound +2.4%/yr. Reported net income was ₹367M in FY2025, compounding 0.0%/yr from FY2021.

Growth Quality 40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹7.9B
Latest YoY
+1.0%
Avg. revenue 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.
+0.8%
Avg. revenue 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. revenue growth/yr (9Y) 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.
+3.2%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.0% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−0.3%
Dividend yield1.3%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −0.3% vs 10Y 1.2%, steady
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9.2% (2020) → 4.8% (2025) · falling
Worst earnings drop28% (2022) · in INR
Revenue +2.4%/yr
FY21 ₹7.2B
FY22 ₹7.7B
FY23 ₹8.0B
FY24 ₹7.8B
FY25 ₹7.9B
Net income 0.0%/yr
FY21 ₹367M
FY22 ₹269M
FY23 ₹345M
FY24 ₹334M
FY25 ₹367M

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

Peer Group

Specialty Chemicals · 695 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 56 · Above median
Fair Value upside +1% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 1.3% · Below median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 15.0× · Cheaper than median
P/B 1.11× · Cheaper than median
P/S (TTM) 0.64× · Cheaper than median
EV/EBITDA 10.2× · Cheaper than median

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

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Frequently asked questions

Is Plastiblends India Limited (PLASTIBLEN) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of ₹188.42 versus a price of ₹187.50, about +0% upside (fairly valued).
What is the fair value of PLASTIBLEN?
Our model-based fair value for Plastiblends India Limited is ₹188.42 (as of Aug 23, 2026), built from audited fundamentals. The current price: ₹187.50.
What is the quality score of PLASTIBLEN?
Plastiblends India Limited has a Quality Score of 56/100. 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 price target for Plastiblends India Limited (PLASTIBLEN)?
Our model-based price target is the fair value of ₹188.42 (as of Aug 23, 2026) from 13 valuation models. Cautious scenario ₹131.89, optimistic scenario ₹244.95. It is a calculation from audited fundamentals, not an analyst target.
What is the Plastiblends India Limited stock forecast for 2026?
Our models put fair value at ₹188.42, about +0% upside versus a price of ₹187.50 (fairly valued). Cautious scenario ₹131.89, optimistic scenario ₹244.95. The calculation is refreshed regularly with new filings.
What is the revenue of Plastiblends India Limited (PLASTIBLEN)?
Plastiblends India Limited reported trailing-twelve-month revenue of about ₹7.8B (latest available figure, as of Aug 23, 2026).
What is the net profit margin of PLASTIBLEN?
The net profit margin of Plastiblends India Limited is about 4.2%, meaning it keeps roughly 4.2% 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 1.30% relative to its recent price (as of Aug 23, 2026).
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