# Plastics - Plastic Containers — company-by-company sector analysis > Plastics - Plastic Containers: TPL Plastech Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-16. Not investment advice. ## Bottom line Plastics - Plastic Containers has outperformed NIFTY 500 by 0.7% over 52 weeks and 18.9% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. TPL Plastech Ltd leads with revenue of ₹457 crore, based on 1 of 1 comparable companies through Jun 2026. ## Sector relative strength Plastics - Plastic Containers has outperformed NIFTY 500 by 0.7% over the last 52 weeks. Over 13 weeks the gap is a lead of 18.9%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. TPL Plastech Ltd is the strongest against the sector itself at 0%. 13-week sector return versus NIFTY 500: 19% 52-week sector return versus NIFTY 500: 0.7% Stocks leading NIFTY: 1/1 Stocks leading sector: 0/1 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹603 Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. TPL Plastech Ltd (TPLPLASTEH): 68/100 — Favorable setup; evidence 84% - Growth & earnings 22.9/35 | Capital efficiency 21.6/25 | Valuation 10.6/20 | Relative strength 12.5/20 - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks - Exact sum: 22.9 + 21.6 + 10.6 + 12.5 = 67.6 - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. ## Market action TPL Plastech Ltd has the strongest one-year price move in Plastics - Plastic Containers at +3%. It also leads on Mansfield relative strength against NIFTY at +9.1%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14. ### Strongest one-year price performers 1. TPL Plastech Ltd (TPLPLASTEH): 3.0% ### Strongest relative strength versus NIFTY 500 1. TPL Plastech Ltd (TPLPLASTEH): 9.1% ## Plastics - Plastic Containers — the story behind the numbers This is the written read behind the Plastics - Plastic Containers figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 2 themes are live here, 1 of them rated high severity. The sector displays revenue expansion but margin compression. TPLPLASTEH demonstrates volume growth via IBC ramp-up and facility expansion. However, input cost volatility remains a key constraint. Capital efficiency improvements via automation and deleveraging support long-term targets. Investors should monitor polymer price trajectories and facility commissioning timelines. The Plastic Containers sector shows mixed signals in Q4 FY26 based on TPLPLASTEH data. Revenue growth is evident, with TPLPLASTEH reporting net sales of ₹114.07 Cr, a 23.75% year-on-year increase. However, profitability faces pressure. EBITDA margin contracted 97 bps YoY to 11.33%. PAT grew 17.86% YoY to ₹8.05 Cr but declined 7.36% QoQ. How old this read is: This read comes from our Plastics - Plastic Containers sector brief dated 28 Jul 2026, so the words here and the numbers above them cover the same few weeks. ### Live themes, worst first - HIGH | Operating margin declined 99 basis points YoY in Q4 FY26 due to rising input costs. Polymers account for 75-80% of operating income. | Pass on variations in polymer prices to customers with a lag of maximum 30 days through monthly price revisions | named for TPLPLASTEH - LOW | Company imports part of raw material requirement, exposing it to forex fluctuation risk, though majority is met indigenously. | Meeting majority of raw material requirement indigenously in the last couple of years | named for TPLPLASTEH Sources: our Plastics - Plastic Containers sector brief, 28 Jul 2026. ## Revenue Scale & Growth Durability What the numbers say: TPL Plastech Ltd is the scale leader at ₹457 crore, TPL Plastech Ltd's growth is 25.9% from a ₹457 crore base, with 17 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: TPL Plastech Ltd is the scale benchmark; TPL Plastech Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: TPL Plastech Ltd's growth falls below TPL Plastech Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: TPL Plastech Ltd · ₹457 crore | Not enough peers | 8/8 recent comparable periods | 1/1 companies · 17 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. TPL Plastech Ltd (TPLPLASTEH): ₹457 Cr ### Revenue growth — fastest growers 1. TPL Plastech Ltd (TPLPLASTEH): 26% ### 20-quarter Revenue history - TPLPLASTEH: Sep 2020 — | Dec 2020 — | Mar 2021 ₹54 Cr | Mar 2022 — | Sep 2022 ₹67 Cr | Dec 2022 ₹69 Cr | Mar 2023 ₹72 Cr | Jun 2023 ₹69 Cr | Sep 2023 ₹78 Cr | Dec 2023 ₹83 Cr | Mar 2024 ₹83 Cr | Jun 2024 ₹77 Cr | Sep 2024 ₹89 Cr | Dec 2024 ₹91 Cr | Mar 2025 ₹92 Cr | Jun 2025 ₹90 Cr | Sep 2025 ₹107 Cr | Dec 2025 ₹111 Cr | Mar 2026 ₹114 Cr | Jun 2026 ₹124 Cr ### 20-quarter Revenue growth history - TPLPLASTEH: Sep 2020 — | Dec 2020 — | Mar 2021 — | Mar 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 17% | Dec 2023 20% | Mar 2024 15% | Jun 2024 12% | Sep 2024 13% | Dec 2024 10% | Mar 2025 11% | Jun 2025 17% | Sep 2025 20% | Dec 2025 22% | Mar 2026 24% | Jun 2026 38% ## Operating Economics & Margin Trend What the numbers say: TPL Plastech Ltd leads both opm at 9.1% and margin change at -2 percentage points. Investor read: TPL Plastech Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: TPL Plastech Ltd · 9.1% | Not enough peers | 4/8 recent comparable periods | 1/1 companies · 19 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. TPL Plastech Ltd (TPLPLASTEH): 9.1% ### Margin change — fastest expanders 1. TPL Plastech Ltd (TPLPLASTEH): −2.0 pp ### 20-quarter OPM history - TPLPLASTEH: Sep 2020 11% | Dec 2020 12% | Mar 2021 13% | Mar 2022 — | Sep 2022 11% | Dec 2022 11% | Mar 2023 11% | Jun 2023 11% | Sep 2023 11% | Dec 2023 12% | Mar 2024 12% | Jun 2024 11% | Sep 2024 11% | Dec 2024 12% | Mar 2025 12% | Jun 2025 11% | Sep 2025 11% | Dec 2025 12% | Mar 2026 11% | Jun 2026 9.1% ### 20-quarter Margin change history - TPLPLASTEH: Sep 2020 +1.0 pp | Dec 2020 +0.9 pp | Mar 2021 +2.6 pp | Mar 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 +0.1 pp | Dec 2023 +1.0 pp | Mar 2024 +1.2 pp | Jun 2024 +0.1 pp | Sep 2024 −0.2 pp | Dec 2024 +0.0 pp | Mar 2025 +0.5 pp | Jun 2025 −0.0 pp | Sep 2025 +0.2 pp | Dec 2025 +0.1 pp | Mar 2026 −1.0 pp | Jun 2026 −2.0 pp ## Profit Scale & Acceleration What the numbers say: TPL Plastech Ltd leads with ₹30 crore of TTM profit, TPL Plastech Ltd shows 22.4% growth from a ₹30 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: TPL Plastech Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: TPL Plastech Ltd · ₹30 crore | Not enough peers | 8/8 recent comparable periods | 1/1 companies · 17 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. TPL Plastech Ltd (TPLPLASTEH): ₹30 Cr ### Profit growth — fastest growers 1. TPL Plastech Ltd (TPLPLASTEH): 22% ### 20-quarter Net profit history - TPLPLASTEH: Sep 2020 — | Dec 2020 — | Mar 2021 ₹3 Cr | Mar 2022 — | Sep 2022 ₹4 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹6 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹8 Cr | Jun 2026 ₹7 Cr ### 20-quarter Profit growth history - TPLPLASTEH: Sep 2020 — | Dec 2020 — | Mar 2021 — | Mar 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 11% | Dec 2023 17% | Mar 2024 59% | Jun 2024 23% | Sep 2024 26% | Dec 2024 18% | Mar 2025 13% | Jun 2025 22% | Sep 2025 28% | Dec 2025 25% | Mar 2026 18% | Jun 2026 19% ## Return On Capital Employed What the numbers say: TPL Plastech Ltd leads ROCE at 22.3%. TPL Plastech Ltd has the strongest latest improvement at +2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: TPL Plastech Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: TPL Plastech Ltd · 22.3% | Not enough peers | Not enough history | 1/1 companies · 0 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. TPL Plastech Ltd (TPLPLASTEH): 22% ### ROCE change — fastest improvers 1. TPL Plastech Ltd (TPLPLASTEH): +2.0 pp ### 20-quarter ROCE history ### 20-quarter ROCE change history ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG ### P/E — lowest P/E 1. TPL Plastech Ltd (TPLPLASTEH): 20.0 ### 20-quarter PEG history ### 20-quarter P/E history - TPLPLASTEH: Sep 2020 10.8 | Dec 2020 17.2 | Mar 2021 16.4 | Mar 2022 23.9 | Sep 2022 33.4 | Dec 2022 30.7 | Mar 2023 27.8 | Jun 2023 39.9 | Sep 2023 41.2 | Dec 2023 50.1 | Mar 2024 60.3 | Jun 2024 85.3 | Sep 2024 43.0 | Dec 2024 36.6 | Mar 2025 25.5 | Jun 2025 26.6 | Sep 2025 23.1 | Dec 2025 19.9 | Mar 2026 15.4 | Jun 2026 19.3 ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - Thin comparisons: Valuation have fewer than three usable current readings. ## Every company - TPL Plastech Ltd (TPLPLASTEH) — market value ₹603 Cr; latest fundamentals Jun 2026 ## Source standing of each company Cross-checked: 0. Unverified: 1. Withheld: 0. Graded companies: 1. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Plastics - Plastic Containers sector outperforming NIFTY 500? Plastics - Plastic Containers has outperformed NIFTY 500 by 0.7% over 52 weeks and 18.9% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. ### Which Plastics - Plastic Containers company is largest by revenue? TPL Plastech Ltd leads with revenue of ₹457 crore, based on 1 of 1 comparable companies through Jun 2026. ### Which Plastics - Plastic Containers company is growing fastest? TPL Plastech Ltd has the fastest current revenue growth at 25.9%, across 1 of 1 comparable companies. ### Which Plastics - Plastic Containers company has the strongest 4-Factor Sector Score? TPL Plastech Ltd ranks first at 67.6/100 with 84% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Plastics - Plastic Containers comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### Is there a Nifty Plastics - Plastic Containers index? NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Plastics - Plastic Containers, this page builds its own equal-weight basket of 1 listed Plastics - Plastic Containers companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026. ### Which are the best Plastics - Plastic Containers stocks in India? Ranked by this page's four-factor score, TPL Plastech Ltd places first among 1 listed Plastics - Plastic Containers companies. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser. ### How many Plastics - Plastic Containers stocks are listed in India? This comparison covers 1 listed Plastics - Plastic Containers companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026. ### Which Plastics - Plastic Containers company is the biggest? TPL Plastech Ltd is the largest, with trailing-twelve-month revenue of ₹457 crore. That covers 1 of 1 companies with comparable reporting through Jun 2026. ### Which Plastics - Plastic Containers company has the best profit margins? TPL Plastech Ltd has the highest operating margin at 9.1%, from 1 of 1 comparable companies. TPL Plastech Ltd shows the biggest recent improvement, at -2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Plastics - Plastic Containers company makes the most profit? TPL Plastech Ltd earns the most, at ₹30 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. TPL Plastech Ltd has the fastest profit growth at 22.4%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Plastics - Plastic Containers company earns the highest return on capital? TPL Plastech Ltd leads on return on capital employed at 22.3%, across 1 of 1 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Is the Plastics - Plastic Containers sector beating the market? Plastics - Plastic Containers has outperformed NIFTY 500 by 0.7% over the last 52 weeks and 18.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Plastics - Plastic Containers stock has the strongest price momentum? TPL Plastech Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Plastics - Plastic Containers company scores highest for research priority? TPL Plastech Ltd scores 67.6 out of 100 with 84% evidence confidence, from 22.9 points on growth and earnings, 21.6 on capital efficiency, 10.6 on valuation and 12.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Plastics - Plastic Containers companies does this comparison cover, and over what period? It compares 1 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Plastics - Plastic Containers sector? The 1 Plastics - Plastic Containers companies on this page carry ₹603 crore of combined market value. TPL Plastech Ltd is the largest at ₹603 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-16. ### How is the Plastics - Plastic Containers sector performing? 1 of the 1 covered Plastics - Plastic Containers companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 0.7% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-16. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.