Plastiblends India share price today

Plastiblends India Ltd's share price was ₹168.08 at the close on 4 November 2026. It has been rising for 18 weeks. That is 6.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹127 and ₹203, and at that close it sat 54% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Plastiblends India Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

Over the last 10 years the share price moved −19% while the NIFTY 500 moved +200%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 5 quarters in a row and highest quarterly revenue in 14 quarters.

1. Revenue up on a year earlier for 5 quarters in a row

   In the September 2026 quarter revenue was ₹229 crore, +18.7% on a year earlier.

2. Highest quarterly revenue in 14 quarters

   Revenue of ₹229 crore in the September 2026 quarter is the highest of the last 14 quarters.

For July to September 2026 (the quarter ended 30 September 2026), Plastiblends India reported revenue of ₹229 crore, up 18.7% from ₹193 crore a year earlier, and a profit of ₹11.0 crore, up 57.1% from ₹7.00 crore.

Plastiblends India results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Plastiblends India closed at ₹168.08 on 4 November 2026, down 3.9% from ₹174.94 a year earlier (7 November 2025) and down 31.5% over five years. Its highest weekly close since July 2016 was ₹359.20 on 30 August 2024.

Plastiblends India share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

539 weekly closes from 22 July 2016 to 4 November 2026.

4 Nov 2026: Plastiblends India closed at ₹168.08, up 5.2% on the week and down 13.9% on the month. Results for July to September 2026: Revenue up 18.7% and profit up 57.1% on a year earlier.

Earlier

• 17 Aug 2026: ex-date for a dividend of ₹3 a share.
• Our read, 19 Jul 2026: Plastiblends India makes colour and additive masterbatches for Indian plastic converters, a fragmented, input-cost-sensitive business where margins track crude oil derivative pricing. After two compressed years where operating margin hit 5% in trough quarters, the last two quarters show a genuine recovery: operating margin reached 9% in January to March 2026 and 10% in April to June 2026, lifting quarterly profit above year-ago levels.

Our read of the business

Plastiblends India makes colour and additive masterbatches for Indian plastic converters, a fragmented, input-cost-sensitive business where margins track crude oil derivative pricing. After two compressed years where operating margin hit 5% in trough quarters, the last two quarters show a genuine recovery: operating margin reached 9% in January to March 2026 and 10% in April to June 2026, lifting quarterly profit above year-ago levels.

Latest quarter: Two consecutive quarters above 9% operating margin, first such streak since FY24.

Our read after the latest results, written 19 July 2026.

Plastiblends India paid ₹3 a share in regular dividends in the 12 months to 6 November 2026 (1 payment), a yield of 1.78% at the ₹168.08 close on 4 November 2026. The last was a dividend of ₹3 a share, ex-date 17 August 2026.

Plastiblends India dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Plastiblends India Ltd paid out 21% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years.

From the NSE corporate-actions record, read 6 November 2026.

Separately, if debtor days exceed 70 days on the next annual reading, the working-capital build becomes a receivables-quality concern, not just a volume-scaling story.

Each change stops working if

• : Crude oil or polymer prices spike, a sustained move of 25%+ in polymer pricing would compress GPM back toward 22 to 23% and operating margin toward 5 to 6%, replicating the FY22–FY23 squeeze.
• : Capital spending does not translate to incremental revenue or margin improvement by H1 FY27, if revenue stays flat at 750 to 800 Cr while annual depreciation rises modestly, ROCE deteriorates further below 11%.

The main risks

• : Operating margin volatile from 4% to 15% over 10 years, crude derivative price cycles the primary driver. ⚠ estimate
• : Working capital days bloated to 135 days (CCC) with debtor days drifting to 60, receivables build trend unconfirmed by management. ⚠ estimate
• : Zero management transparency means the thesis rests entirely on data without concall confirmation of any mechanism. ⚠ estimate

Our read after the latest results, written 19 July 2026.

When Plastiblends India reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: GPM (from screener margin trends) falling below 24% for two consecutive quarters.

Plastiblends India is not on any of our India lists this week.

Plastiblends India Ltd earned ₹11.0 Cr of net profit in the Sep 2026 quarter, +57.1% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹37.0 Cr. Over 10 years profit has grown −0.3% a year on average. That is 4.8% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹7.0 Cr.

For the full year, FY26 profit was ₹37.0 Cr (+12.1% on the year before).

Why profit moved: revenue changed +18.7% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +37.4% and revenue +9.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. revenue ₹222 Cr and profit ₹15 Cr as reported.

FY27-Q2. revenue ₹229 Cr and profit ₹11 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Plastiblends India Ltd reported ₹229 Cr of revenue in the Sep 2026 quarter, +18.7% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 4.2% a year on average. The last full year, FY26, came in at ₹768 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹848 Cr.

FY26 revenue was ₹768 Cr, +1.3% on the year before.

Recent pace: the last four quarters grew +9.2% on average, against 4.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +9.3%, against +3.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +39.4%, against +14.6% a year (accelerating).

FY27-Q1. revenue ₹222 Cr and profit ₹15 Cr as reported.

FY27-Q2. revenue ₹229 Cr and profit ₹11 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Plastiblends India Ltd's operating margin was 7.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 7.0% and 12.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. GPM expanded from approximately 21% in Sep–Dec 2022 to 25 to 27% in FY25–FY26 as crude oil derivative prices (polymer feedstocks, pigments) eased. With GPM recovering, OPM followed to 9 to 10%. The two consecutive quarters above 9% OPM are consistent with input costs having normalized off their FY22 highs. If GPM stays at 25 to 27%, OPM can sustain at 8 to 10%.

Why the margin moved: operating margin changed +1.4 percentage points on the year while gross margin changed −0.6 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY27-Q1. revenue ₹222 Cr and profit ₹15 Cr as reported.

FY27-Q2. revenue ₹229 Cr and profit ₹11 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Over the last 3 years, 65% of Plastiblends India Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹21.0 Cr of operating cash against ₹37.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹28.0 Cr of spending on assets, free cash was −₹7.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 65% of profit came in as cash: the cash cycle got 16 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Plastiblends India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 137 days in FY26, down from 153 days in FY21. It spent ₹50.0 Cr on assets over the last 3 years. Customers take 62 days to pay, and stock sits for 96 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. Fixed assets rose from 170 Cr (FY25) to 180 Cr (FY26) with capex of 28 Cr, a 2.5x step from the 11 Cr per year pace of FY24–FY25. CWIP of 6 Cr suggests some installation still in progress.

At FY26 sales of ₹768 Cr, each day of that cycle ties up about ₹2.1 Cr, so roughly ₹288 Cr is tied up in the business at any time.

FY26: customers took 62 days to pay and stock sat for 96 days, about 3.2 months of sales sitting as stock, for a full cycle of 137 days, shorter than FY21's 153.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 96 days. Customers pay about 62 days after that. Suppliers are paid at 21 days. Together that makes the 137-day cycle.

Spending on assets: ₹50.0 Cr over the last 3 years, against ₹45.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹6.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Plastiblends India Ltd's P/E is 9.5×, about the lowest it has ever been. Its usual P/E (the middle reading) is 16.8×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.