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TPL Plastech
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TPL Plastech Ltd (Formerly known Tainwala Polycontainers Limited) incorporated in September, 1992 was promoted by Tainwala Chemicals and Plastics (India) (TCPL). The Company has 6 plants situated across India and is a subsidiary of Time Technoplast Limited. It has plant at Silvassa manufacturing high-molecular high-density polyethylene (HMHDPE) containers with capacity upto 220 ltr, plastic fuel tanks for two-wheelers, cars and commercial vehicles and other blow-moulded articles with technical assistance from S T Soffiaggio Technica, Italy (a leading company of the Meico Group). HMHDPE containers are used for packaging chemicals, dyestuffs, bulk pharmaceuticals, explosives and petrochemicals.
The company has withdrawn the petition filed with the Bombay High Court for merger with Tainwala Chemicals & Plastics Ltd. The company has been awarded the ISO 9002 Certificate for its manufacturing facilities located at Khadoli, Silvassa.
A new plant & machinery with a installed capacity of 1,00,000 barrels per annum has been installed during the year. By installing the plant & machinery the company is expecting a good demand from the customers.
During the year 2002, the Company doubled its production capacity by installing two new Blow Moulding Machines for manufacturing medium and large sized open mouthed barrels of different colours & varying sizes i.e. 50 Itrs to 250 Itrs etc. In July 2006, there was a change in the Management of the Company by virtue of which, the Company became subsidiary of Time Technoplast Limited. Consequent upon the takeover of the Company by Time Technoplast Limited (Holding Company), the name of the Company was changed to 'TPL Plastech Limited' w.e.f. 22nd November 2006.
During 2006-07, the Company had undertaken the expansion plan for manufacturing of-plastic Drums/ containers uptd 120 Ltr. Capacity and augmented plants & equipments at its Silvassa Factory, by increasing capacity from 6000 MT P.A. to 8000 MT P. A.
New unit set up at Jammu commenced with its commercial production costing Rs 14 Crores in 2010. Similarly, the new unit set up at Pantnagar also commenced with its commercial production during 2011 and further a new unit set up in Kutch District, Gujarat commenced production in 2011-12. The Company acquired 100% holding of the Ecotech Green Lifecycle Limited in 2018.
During the year 2021-22, through the Scheme of Amalgamation between Ecotech Green Lifecycle Limited /EGLL) with the Company/ TPL) becoming effective dated 02nd June, 2021 issued by Hon'ble National Company Law Tribunal (NCLT) Ahmedabad Bench, Ecotech Green Lifecycle Limited (EGLL) ceased to be the subsidiary of the Company with effect from 2nd June, 2021.
In April 2023, the Company commenced operations at its Greenfield unit at Dahej (Gujarat) for manufacturing of Intermediate Bulk Containers (IBCs) along with other industrial packaging products i.e. Drums and Jerry Cans.
TPL Plastech share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of TPL Plastech indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how TPL Plastech is valued compared to its competitors.
TPL Plastech PE ratio helps investors understand what is the market value of each stock compared to TPL Plastech 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of TPL Plastech evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively TPL Plastech generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of TPL Plastech in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of TPL Plastech shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of TPL Plastech compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of TPL Plastech over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of TPL Plastech helps investors get an insight into when they can enter or exit the stock. Key components of TPL Plastech Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where TPL Plastech shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect TPL Plastech ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of TPL Plastech provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of TPL Plastech highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of TPL Plastech .
The balance sheet presents a snapshot of TPL Plastech ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.