Plastics - Plastic & Plastic Products — sector analysis & key numbers
Plastics - Plastic & Plastic Products is mid cycle: 4 of 7 constituents are in price uptrends, and aggregate profit grew 12% in the latest year.
Plastics - Plastic & Plastic Products groups 7 listed companies worth ₹34,554 Cr combined, and 4 of 7 are in confirmed price uptrends. Aggregate profit moved +8.0% year-on-year in the latest reported quarter. The sector trades at an aggregate P/E of 24.5×, at the 36th percentile of its own history.
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Companies
- 7
- Total market cap
- ₹34,554 Cr
- Relative strength
- 25.3
- RRG quadrant
- consolidation
- Weeks in streak
- 12
- In Stage-2 uptrend
- 4 of 7
- Above 200-DMA
- 6 of 7
- Beating NIFTY 500
- 5 of 7
- Latest-quarter revenue
- ₹3,291 Cr
- Latest-quarter profit
- ₹285 Cr
- Aggregate P/E
- 24.5×
- Valuation percentile
- 36th of its own history
- Sector wind
- headwind
- Data as of
- 1 July 2026
The research read on Plastics - Plastic & Plastic Products: mid cycle.lifecycle_bucket
The Plastics sector presents a classic divergence: the aggregate curve is an earnings-led compounder (ΣPAT +114.6%) trading at a deeply depressed normalized valuation (28th percentile PE). However, qual reveals that this strength belongs entirely to a niche cohort of value-added exporters (like MAYURUNIQ, KINGFA, Shaily) who can pass through costs and benefit from INR depreciation. The commodity-processing majority is being crushed by a 50-70% feedstock cost shock and Hormuz logistics disruptions. Meanwhile, capital is flooding in (capex +45.2% YoY, FII/DII +2.52pp) driven by PLI moulding incentives, raising the risk of future oversupply. Ignore the thin social signal. This is a stock-pickers market: the aggregate is cheap, but study further only into the pricing-power export cohort.synthesis
What would change this view: Crude and feedstock prices collapse structurally, instantly restoring margins for the commodity processors and causing the aggregate 10th percentile PE to violently re-rate upwards.would_change_my_mind
Bifurcated sector: commodity resin processors squeezed by a 50-70% raw-material/feedstock shock, while value-added niche exporters (coated fabrics, engineering plastics) inflect on mix and pricing power.one_line_thesis
- ⚠ΣPAT +114.6% over ~3y · sector_cycle_deterministic.curve_move_driver.citations
- ⚠PE +4.2% over 12q · sector_cycle_deterministic.curve_move_driver.citations
- ⚠aggregate OPM 13.9% at 83rd %ile · sector_cycle_deterministic.verdict.citations
- ✓Sector Σrevenue +11.7% YoY · sector_why_traces.traces
- ✓capex +45.2% YoY, FII+DII +2.52pp · sector_why_traces.traces
- ⚠trailing PE 10th %ile normalizes to 28th %ile · sector_cycle_deterministic.verdict.citations
- ⚠SHAILY lifted ΣPAT · sector_cycle_deterministic.top_contributors.top
- ⚠RESPONIND lifted ΣPAT · sector_cycle_deterministic.top_contributors.top
Research view from 2026-06-27
Across the 3 largest constituents with research timelines, 1 carried trackable guidance: 1 beat, 0 met, 0 misses against what management said.guidance_pairs
Research view from 2026-06-27
4 of 7 constituents are in Stage-2 price uptrends, 6 trade above their 200-day averages, and 5 are beating the NIFTY 500 on relative strength.stageabove_dma200rs_mansfield
Over the trailing ~20 weeks, the share of constituents above the 200-day line moved from 29% to 86% — participation is widening.breadth_series
Sector relative strength stands at 25.3, in the consolidation quadrant of the rotation map, with relative strength falling over a 12-week streak.current_rsquadrant
Recent stage changes: ARROWGREEN (stage 4→2).stage
Data: Breadth trend
| Period | % above 200-DMA (%) | % beating NIFTY (%) |
|---|---|---|
| Feb 26 | 28.6 | 28.6 |
| Feb 26 | 28.6 | 28.6 |
| Feb 26 | 28.6 | 42.9 |
| Mar 26 | 14.3 | 28.6 |
| Mar 26 | 14.3 | 42.9 |
| Mar 26 | 28.6 | 42.9 |
| Mar 26 | 28.6 | 42.9 |
| Mar 26 | 75.0 | 75.0 |
| Apr 26 | 50.0 | 50.0 |
| Apr 26 | 42.9 | 42.9 |
| Apr 26 | 57.1 | 42.9 |
| Apr 26 | 57.1 | 42.9 |
| May 26 | 57.1 | 57.1 |
| May 26 | 42.9 | 42.9 |
| May 26 | 42.9 | 42.9 |
| May 26 | 71.4 | 57.1 |
| Jun 26 | 57.1 | 57.1 |
| Jun 26 | 57.1 | 57.1 |
| Jun 26 | 85.7 | 71.4 |
| Jun 26 | 85.7 | 71.4 |
Data as of 2026-07-01
Top performers by 1-year price return: Shaily Engineering Plastics Ltd (+76.3%), Kingfa Science & Technology (India) Ltd (+50.7%), Mayur Uniquoters Ltd (+48.9%), Arrow Greentech Ltd (+1.2%), DDev Plastiks Industries Ltd (+1%).price
Data: Indexed price (base 100, ~52 weeks) — default top-5
| Period | SHAILY (index) | KINGFA (index) | MAYURUNIQ (index) | ARROWGREEN (index) | DDEVPLSTIK (index) | Sector avg (index) |
|---|---|---|---|---|---|---|
| Jul 25 | 100 | 100 | 100 | 100 | 100 | 100 |
| Jul 25 | 102 | 97.1 | 108 | 101 | 121 | 104 |
| Jul 25 | 98.2 | 104 | 104 | 116 | 117 | 105 |
| Aug 25 | 99.3 | 92.0 | 92.2 | 115 | 110 | 98.6 |
| Aug 25 | 99.3 | 100 | 92.8 | 115 | 108 | 98.6 |
| Aug 25 | 114 | 110 | 90.6 | 84.1 | 120 | 98.4 |
| Aug 25 | 131 | 130 | 95.0 | 88.5 | 122 | 106 |
| Aug 25 | 138 | 121 | 91.7 | 91.0 | 116 | 104 |
| Sep 25 | 136 | 123 | 94.5 | 87.9 | 120 | 104 |
| Sep 25 | 139 | 134 | 90.8 | 86.6 | 131 | 108 |
| Sep 25 | 146 | 129 | 92.6 | 87.1 | 130 | 108 |
| Sep 25 | 139 | 123 | 89.2 | 83.7 | 130 | 105 |
| Oct 25 | 135 | 131 | 89.0 | 88.1 | 130 | 106 |
| Oct 25 | 151 | 135 | 86.1 | 80.8 | 119 | 105 |
| Oct 25 | 148 | 136 | 87.9 | 84.3 | 114 | 105 |
| Oct 25 | 153 | 133 | 88.4 | 98.9 | 117 | 107 |
| Oct 25 | 141 | 134 | 95.5 | 94.2 | 113 | 106 |
| Nov 25 | 153 | 129 | 95.3 | 90.3 | 108 | 106 |
| Nov 25 | 163 | 122 | 94.2 | 85.9 | 103 | 105 |
| Nov 25 | 154 | 116 | 87.9 | 83.9 | 111 | 102 |
| Nov 25 | 162 | 128 | 87.3 | 85.3 | 104 | 105 |
| Dec 25 | 155 | 113 | 87.6 | 77.8 | 107 | 101 |
| Dec 25 | 152 | 111 | 85.3 | 79.6 | 107 | 99.4 |
| Dec 25 | 147 | 116 | 84.2 | 80.3 | 109 | 99.8 |
| Dec 25 | 145 | 121 | 87.1 | 79.4 | 113 | 101 |
| Jan 26 | 139 | 128 | 90.1 | 78.9 | 113 | 102 |
| Jan 26 | 138 | 126 | 83.7 | 74.2 | 112 | 98.7 |
| Jan 26 | 134 | 125 | 86.6 | 72.6 | 108 | 97.4 |
| Jan 26 | 117 | 114 | 87.7 | 65.0 | 110 | 91.5 |
| Feb 26 | 120 | 120 | 92.2 | 66.5 | 108 | 93.4 |
| Feb 26 | 125 | 123 | 101 | 65.3 | 111 | 98.1 |
| Feb 26 | 124 | 125 | 98.5 | 66.0 | 105 | 96.9 |
| Feb 26 | 126 | 117 | 97.0 | 63.2 | 106 | 94.7 |
| Feb 26 | 121 | 126 | 93.2 | 61.7 | 102 | 93.5 |
| Mar 26 | 119 | 120 | 90.5 | 57.7 | 102 | 90.7 |
| Mar 26 | 121 | 118 | 88.3 | 54.1 | 95.4 | 87.8 |
| Mar 26 | 149 | 117 | 89.2 | 57.9 | 86.2 | 90.2 |
| Mar 26 | 134 | 117 | 89.8 | 59.2 | 77.1 | 85.2 |
| Apr 26 | 130 | 122 | 92.6 | – | – | 103 |
| Apr 26 | 121 | 127 | 98.7 | – | – | 105 |
| Apr 26 | 117 | 137 | 101 | 84.2 | 91.8 | 95.5 |
| Apr 26 | 155 | 142 | 98.2 | 80.5 | 89.0 | 100 |
| Apr 26 | 157 | 138 | 96.2 | 81.6 | 94.7 | 101 |
| May 26 | 166 | 155 | 110 | 88.8 | 93.8 | 109 |
| May 26 | 172 | 150 | 110 | 73.8 | 90.6 | 105 |
| May 26 | 167 | 149 | 124 | 73.0 | 89.1 | 106 |
| May 26 | 186 | 157 | 132 | 81.1 | 93.4 | 115 |
| Jun 26 | 190 | 154 | 129 | 82.1 | 94.4 | 114 |
| Jun 26 | 184 | 148 | 139 | 88.0 | 96.3 | 114 |
| Jun 26 | 174 | 149 | 145 | 91.2 | 103 | 116 |
| Jun 26 | 177 | 146 | 138 | 90.0 | 102 | 115 |
| Jul 26 | 178 | 148 | 149 | 95.8 | 102 | 118 |
Data: Quarterly revenue (8q) — default top-5
| Period | SHAILY (₹ Cr) | KINGFA (₹ Cr) | MAYURUNIQ (₹ Cr) | ARROWGREEN (₹ Cr) | DDEVPLSTIK (₹ Cr) | Sector avg (₹ Cr) |
|---|---|---|---|---|---|---|
| Jun 24 | 179 | 416 | 213 | 66.0 | 625 | 366 |
| Sep 24 | 192 | 418 | 208 | 65.0 | 580 | 376 |
| Dec 24 | 198 | 440 | 208 | 55.0 | 661 | 398 |
| Mar 25 | 218 | 470 | 251 | 57.0 | 737 | 430 |
| Jun 25 | 247 | 462 | 216 | 42.0 | 769 | 423 |
| Sep 25 | 257 | 466 | 240 | 61.0 | 680 | 427 |
| Dec 25 | 250 | 489 | 237 | 56.0 | 733 | 434 |
| Mar 26 | 237 | 578 | 273 | 42.0 | 766 | 470 |
Data: Quarterly net profit (8q) — default top-5
| Period | SHAILY (₹ Cr) | KINGFA (₹ Cr) | MAYURUNIQ (₹ Cr) | ARROWGREEN (₹ Cr) | DDEVPLSTIK (₹ Cr) | Sector avg (₹ Cr) |
|---|---|---|---|---|---|---|
| Jun 24 | 17.0 | 39.0 | 37.0 | 20.0 | 42.0 | 31.6 |
| Sep 24 | 22.0 | 37.0 | 40.0 | 19.0 | 45.0 | 35.0 |
| Dec 24 | 25.0 | 35.0 | 31.0 | 13.0 | 47.0 | 31.4 |
| Mar 25 | 29.0 | 42.0 | 42.0 | 11.0 | 52.0 | 37.7 |
| Jun 25 | 41.0 | 40.0 | 41.0 | 11.0 | 52.0 | 35.7 |
| Sep 25 | 51.0 | 41.0 | 41.0 | 16.0 | 47.0 | 40.4 |
| Dec 25 | 37.0 | 45.0 | 51.0 | 13.0 | 48.0 | 34.4 |
| Mar 26 | 40.0 | 59.0 | 59.0 | 7.0 | 55.0 | 40.7 |
Data: Operating margin % (8q) — default top-5
| Period | SHAILY (%) | KINGFA (%) | MAYURUNIQ (%) | ARROWGREEN (%) | DDEVPLSTIK (%) | Sector avg (%) |
|---|---|---|---|---|---|---|
| Jun 24 | 20.0 | 14.0 | 23.0 | 42.4 | 9.0 | 19.8 |
| Sep 24 | 21.0 | 13.0 | 21.0 | 40.6 | 11.0 | 19.5 |
| Dec 24 | 23.0 | 12.0 | 22.0 | 32.5 | 11.0 | 18.2 |
| Mar 25 | 25.0 | 13.0 | 21.0 | 28.0 | 10.0 | 18.3 |
| Jun 25 | 28.0 | 13.0 | 20.0 | 34.3 | 9.0 | 18.9 |
| Sep 25 | 31.0 | 13.0 | 21.0 | 34.0 | 9.0 | 20.1 |
| Dec 25 | 26.0 | 13.0 | 23.0 | 34.3 | 10.0 | 18.6 |
| Mar 26 | 28.0 | 14.0 | 31.0 | 24.8 | 10.0 | 18.4 |
Data: Latest reported ROCE / ROE (single latest reading, not a trend) — default top-5
| Period | SHAILY (%) | KINGFA (%) | MAYURUNIQ (%) | ARROWGREEN (%) | DDEVPLSTIK (%) | Sector avg (%) |
|---|---|---|---|---|---|---|
| ROCE % | 29.3 | 23.2 | 24.7 | 30.4 | 31.0 | 22.9 |
| ROE % | 26.9 | 17.4 | 18.4 | 22.4 | 21.8 | 17.9 |
Data: 10-year valuation percentile (latest) — default top-5
| Period | SHAILY (percentile) | KINGFA (percentile) | MAYURUNIQ (percentile) | ARROWGREEN (percentile) | DDEVPLSTIK (percentile) | Sector avg (percentile) |
|---|---|---|---|---|---|---|
| 10y percentile | 61.0 | 40.0 | 46.0 | 36.0 | 14.0 | 31.3 |
Interactive charts default to the five strongest performers by 1-year price return; use the rail to add or remove any constituent, globally or per chart. Non-interactive readers see the same numbers in each chart’s data table.
Data as of 2026-07-01
In the latest reported quarter (2026-03), constituents together booked ₹3,291 Cr of revenue (+9.4% year-on-year) and ₹285 Cr of profit (+8%).revenuepat
On the annual arc, aggregate profit grew 12% to ₹1,060 Cr in 2026.pat
Data: Aggregate quarterly revenue
| Period | Revenue (₹ Cr) | Reporters |
|---|---|---|
| Jun 23 | 2,425 | 7 |
| Sep 23 | 2,427 | 7 |
| Dec 23 | 2,379 | 7 |
| Mar 24 | 2,566 | 7 |
| Jun 24 | 2,562 | 7 |
| Sep 24 | 2,635 | 7 |
| Dec 24 | 2,784 | 7 |
| Mar 25 | 3,008 | 7 |
| Jun 25 | 2,958 | 7 |
| Sep 25 | 2,986 | 7 |
| Dec 25 | 3,038 | 7 |
| Mar 26 | 3,291 | 7 |
Data: Aggregate quarterly profit
| Period | Profit after tax (₹ Cr) |
|---|---|
| Jun 23 | 188 |
| Sep 23 | 186 |
| Dec 23 | 185 |
| Mar 24 | 239 |
| Jun 24 | 221 |
| Sep 24 | 245 |
| Dec 24 | 220 |
| Mar 25 | 264 |
| Jun 25 | 250 |
| Sep 25 | 283 |
| Dec 25 | 241 |
| Mar 26 | 285 |
Data: Aggregate operating margin
| Period | OPM (%) |
|---|---|
| Jun 23 | 12.6 |
| Sep 23 | 12.5 |
| Dec 23 | 13.1 |
| Mar 24 | 14.6 |
| Jun 24 | 13.8 |
| Sep 24 | 14.4 |
| Dec 24 | 13.2 |
| Mar 25 | 14.1 |
| Jun 25 | 13.1 |
| Sep 25 | 14.6 |
| Dec 25 | 13.7 |
| Mar 26 | 14.0 |
Data: Aggregate profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| 2015 | 132 |
| 2016 | 254 |
| 2017 | 261 |
| 2018 | 255 |
| 2019 | 239 |
| 2020 | 261 |
| 2021 | 239 |
| 2022 | 289 |
| 2023 | 494 |
| 2024 | 796 |
| 2025 | 950 |
| 2026 | 1,060 |
Data: Operating margin by year
| Period | OPM (%) |
|---|---|
| 2015 | 10.4 |
| 2016 | 12.7 |
| 2017 | 11.6 |
| 2018 | 12.0 |
| 2019 | 10.8 |
| 2020 | 12.8 |
| 2021 | 13.2 |
| 2022 | 8.6 |
| 2023 | 10.2 |
| 2024 | 13.3 |
| 2025 | 14.0 |
| 2026 | 13.9 |
Data as of 2026-06-27
Sector revenue moved from ₹10,989 Cr to ₹12,275 Cr (+11.7% year-on-year).revenue
Capital cycle: capital is entering this industry, with constituent capex running +45.2% year-on-year.readcapex_yoy_pct
Participation check: the share of constituents above their 200-day average moved 25%→71% across the trailing weeks — the move is broadening.pct_above_200dma
Sector Σrevenue +11.7% YoY — confirm it is demand/volume-led across constituents, not price/base.
revenueCapital is ENTERING (read=ENTERING; capex +45.18%, FII+DII +2.52pp) — crowding in + a capex surge LATE in the cycle is a HEADWIND (supply coming, competition for returns). Check whether the inflow is EARLY (depressed valuation, fresh turn) or LATE (chasing a run).
capex_yoy_pctfii_dii_delta_4qcwip_growth_pctSector breadth WIDENING — % above 200-DMA 25→71% over the trailing weeks: broad participation corroborates a genuine sector-wide turn rather than a few-name move.
pct_above_200dmapct_outperformingResearch view from 2026-06-27
Ownership: institutional (FII+DII) holdings moved +2.52 percentage points over four quarters; promoter stakes moved -0.02 points over two.fii_dii_delta_4qpromoter_delta_2q
Constituents spent ₹964 Cr on capex in the trailing twelve months (+45.2% year-on-year), with gross block growing +7.7%.capex_ttm_sum_crcapex_yoy_pct
On the deterministic capital-flow read, capital is entering this industry.read
Research view from 2026-06-27
The sector trades at an aggregate P/E of 24.48× against a range of 18.13–57.79× over its 40-quarter history.pe
The median constituent sits at the 36th percentile of its own 10-year valuation range.percentile
Aggregate operating margin (13.9%) sits at the 92nd percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.opm
Data: Aggregate P/E and price index
| Period | P/E (×) | Price index |
|---|---|---|
| Jun 16 | 29.6 | 100 |
| Sep 16 | 31.1 | 106 |
| Dec 16 | 27.2 | 92 |
| Mar 17 | 32.6 | 112 |
| Jun 17 | 32.0 | 112 |
| Sep 17 | 25.5 | 90 |
| Dec 17 | 30.0 | 109 |
| Mar 18 | 27.6 | 102 |
| Jun 18 | 30.1 | 109 |
| Sep 18 | 27.4 | 98 |
| Dec 18 | 29.3 | 103 |
| Mar 19 | 29.7 | 97 |
| Jun 19 | 26.7 | 86 |
| Sep 19 | 26.0 | 85 |
| Dec 19 | 25.9 | 84 |
| Mar 20 | 18.1 | 62 |
| Jun 20 | 21.5 | 74 |
| Sep 20 | 25.4 | 89 |
| Dec 20 | 36.2 | 127 |
| Mar 21 | 44.0 | 142 |
| Jun 21 | 45.8 | 155 |
| Sep 21 | 45.7 | 158 |
| Dec 21 | 53.5 | 182 |
| Mar 22 | 57.8 | 169 |
| Jun 22 | 48.4 | 141 |
| Sep 22 | 45.4 | 155 |
| Dec 22 | 41.2 | 141 |
| Mar 23 | 23.5 | 137 |
| Jun 23 | 34.4 | 201 |
| Sep 23 | 31.9 | 267 |
| Dec 23 | 28.1 | 253 |
| Mar 24 | 24.3 | 230 |
| Jun 24 | 30.7 | 302 |
| Sep 24 | 29.9 | 315 |
| Dec 24 | 31.1 | 341 |
| Mar 25 | 26.5 | 299 |
| Jun 25 | 27.9 | 323 |
| Sep 25 | 29.8 | 358 |
| Dec 25 | 28.7 | 353 |
| Mar 26 | 24.5 | 307 |
Aggregate operating margin (13.9%) sits at the 92nd percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.
Data as of 2026-06-27
7 companies make up this sector, led by Shaily Engineering Plastics Ltd at ₹13,107 Cr of market value.constituents
| Company | Price | 1y | Stage | RS | 10y val % |
|---|---|---|---|---|---|
| Shaily Engineering Plastics Ltd | ₹2,863 | +76.3% | 2 | 25.6 | 61 |
| Kingfa Science & Technology (India) Ltd | ₹5,119 | +50.7% | 2 | 16.4 | 40 |
| Responsive Industries Ltd | ₹201 | −17.4% | 4 | 8.2 | 15 |
| Mayur Uniquoters Ltd | ₹852 | +48.9% | 2 | 50.3 | 46 |
| DDev Plastiks Industries Ltd | ₹270 | +1.0% | 4 | -4.4 | 14 |
| Nilkamal Ltd | ₹1,262 | −26.9% | 4 | -11.6 | 7 |
| Arrow Greentech Ltd | ₹626 | +1.2% | 2 | 16.2 | 36 |
Data as of 2026-07-01
A breakdown is NOT underway: 86% of constituents still trade above their 200-day averages.breadth_series
- A breakdown is NOT underway: 86% of constituents still trade above their 200-day averages.
Data as of 2026-07-01
Straight answers from the data
What is the Plastics - Plastic & Plastic Products sector?
The Plastics - Plastic & Plastic Products sector groups 7 listed companies with a combined market value of ₹34,554 Cr, led by Shaily Engineering Plastics Ltd, Kingfa Science & Technology (India) Ltd, Responsive Industries Ltd. 4 of 7 constituents are currently in confirmed price uptrends.
Which stocks are in the Plastics - Plastic & Plastic Products sector?
The largest Plastics - Plastic & Plastic Products companies by market value are Shaily Engineering Plastics Ltd (₹13,107 Cr), Kingfa Science & Technology (India) Ltd (₹6,856 Cr), Responsive Industries Ltd (₹5,443 Cr), Mayur Uniquoters Ltd (₹3,432 Cr), DDev Plastiks Industries Ltd (₹2,914 Cr), Nilkamal Ltd (₹1,905 Cr), Arrow Greentech Ltd (₹897 Cr).
What are the best-performing Plastics - Plastic & Plastic Products stocks?
By 1-year price return as of 1 July 2026, the strongest Plastics - Plastic & Plastic Products stocks are Shaily Engineering Plastics Ltd (+76%), Kingfa Science & Technology (India) Ltd (+51%), Mayur Uniquoters Ltd (+49%), Arrow Greentech Ltd (+1.2%), DDev Plastiks Industries Ltd (+1.0%). These are descriptive price moves measured from weekly Screener closes, not recommendations.
Is the Plastics - Plastic & Plastic Products sector in an uptrend?
4 of 7 Plastics - Plastic & Plastic Products constituents are in Stage-2 price uptrends, 6 trade above their 200-day average, and 5 are beating the NIFTY 500 on relative strength. Sector relative strength reads 25.3, in the consolidation quadrant of the rotation map, falling over a 12-week streak.
How many Plastics - Plastic & Plastic Products stocks trade above their 200-day average?
6 of 7 Plastics - Plastic & Plastic Products constituents currently trade above their 200-day moving average. Over the trailing ~20 weeks, that share moved from 29% to 86% — participation is widening.
Is the Plastics - Plastic & Plastic Products sector expensive versus its own history?
The Plastics - Plastic & Plastic Products sector trades at an aggregate P/E of 24.5× against a 18.1–57.8× band over its own history. The median constituent sits at the 36th percentile of its own 10-year P/E range, below the middle of its own historical range. Aggregate operating margin (13.9%) sits at the 92nd percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.
Is money entering or leaving the Plastics - Plastic & Plastic Products sector?
On Sector Alpha's deterministic capital-flow read, money is entering the Plastics - Plastic & Plastic Products sector. Institutional (FII+DII) holdings moved +2.52 percentage points across constituents over the last four quarters, and constituents grew capex +45.2% year-on-year.
How fast is the Plastics - Plastic & Plastic Products sector growing?
In the latest reported quarter (March 2026), Plastics - Plastic & Plastic Products constituents together booked ₹3,291 Cr of revenue, +9.4% year-on-year, with aggregate profit +8.0% year-on-year. Figures aggregate Screener-scraped quarterly filings across the sector.
How are Plastics - Plastic & Plastic Products operating margins trending?
Aggregate Plastics - Plastic & Plastic Products operating margin was 14% in the latest reported quarter (March 2026), versus 14.1% a year earlier — margins are broadly steady.
What is the bull case for the Plastics - Plastic & Plastic Products sector?
Bifurcated sector: commodity resin processors squeezed by a 50-70% raw-material/feedstock shock, while value-added niche exporters (coated fabrics, engineering plastics) inflect on mix and pricing power. Sector Σrevenue +11.7% YoY
What could change the view on the Plastics - Plastic & Plastic Products sector?
Crude and feedstock prices collapse structurally, instantly restoring margins for the commodity processors and causing the aggregate 10th percentile PE to violently re-rate upwards. Also worth noting: a breakdown is NOT underway: 86% of constituents still trade above their 200-day averages.
What is the research view on the Plastics - Plastic & Plastic Products sector?
Sector Alpha does not publish trading recommendations or price calls — this is a research read, not advice. What the data says: mid cycle · aligned. The Plastics sector presents a classic divergence: the aggregate curve is an earnings-led compounder (ΣPAT +114.6%) trading at a deeply depressed normalized valuation (28th percentile PE). Every number on this page traces to its source column; it is machine-written research, not investment advice.
Should I invest in the Plastics - Plastic & Plastic Products sector?
Sector Alpha does not publish sector allocations or trading calls — for Plastics - Plastic & Plastic Products or any sector. What this page provides is a data-first read: how many constituents are in confirmed uptrends, how the sector's valuation compares with its own history, where earnings sit in their cycle, and whether capital is entering or leaving. Use it to study the sector on the evidence, then do your own diligence.
What is the Plastics - Plastic & Plastic Products sector's relative-strength position?
Plastics - Plastic & Plastic Products relative strength reads 25.3 on Sector Alpha's rotation map, placing it in the consolidation quadrant. Relative strength is falling and has held for 12 weeks. A positive, rising relative-strength trend means the sector has been outperforming the broad market week after week.