# Plastiblends India share price today (Plastiblends India Ltd, NSE: PLASTIBLEN)

> Plastiblends India share price today: ₹162.98 at the NSE close on 3 November 2026, down 9.9% in a year. Plastiblends India (NSE: PLASTIBLEN) is worth ₹423 crore, trades at a P/E of 9.2 and has closed between ₹126.51 and ₹203.40 over the past 52 weeks. > Plastiblends India Ltd's results are improving, while its P/E is near the low end of its own history over 10 years, higher than only 2% of past readings. PLASTIBLEN · Plastics - Plastic & Plastic Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/plastiblends-india-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹162.98 (−9.9% in a year)
- P/E: 9.2× (lower than 98% of the last 10 years)
- Revenue (Sep 2026): ₹229 Cr (+18.7% on a year ago)
- Profit (Sep 2026): ₹11.0 Cr (+57.1% on a year ago)
- Operating margin: 7.0% (+1.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 8.9%, against a 12.0% cost of capital: −3.1 points

The main question: promoters moved −2.3 percentage points over 8 quarters while the business went the other way. ## What is the Plastiblends India share price today? Plastiblends India Ltd's share price was ₹162.98 at the close on 3 November 2026. It has been rising for 18 weeks. That is 9.3% 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 47% of the way up from that low. 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 −22% 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. ## What changed at Plastiblends India this quarter? 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. ## What are Plastiblends India's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹229 crore | ₹193 crore | +18.7% |
| Profit | ₹11.0 crore | ₹7.00 crore | +57.1% |
| Earnings per share | ₹4.10 | ₹2.86 | +43.4% |
| Operating margin | 7.0% | 6.0% | +1.0 points |

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.)

## What is the Plastiblends India share price history? Plastiblends India closed at ₹162.98 on 3 November 2026, down 9.9% from ₹180.85 a year earlier (31 October 2025) and down 33.6% over five years. Its highest weekly close since July 2016 was ₹359.20 on 30 August 2024. ### Plastiblends India share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹161.10 | +1.2% |
| 1 month ago · 1 Oct 2026 | ₹195.15 | −16.5% |
| 6 months ago · 30 Apr 2026 | ₹167.22 | −2.5% |
| 1 year ago · 31 Oct 2025 | ₹180.85 | −9.9% |
| 3 years ago · 3 Nov 2023 | ₹273.20 | −40.3% |
| 5 years ago · 4 Nov 2021 | ₹245.35 | −33.6% |
| 10 years ago · 4 Nov 2016 | ₹265.68 | −38.7% |
| Earliest weekly close in our records · 22 Jul 2016 | ₹208.60 | −21.9% |
| Highest weekly close since July 2016 · 30 Aug 2024 | ₹359.20 | −54.6% |
| Lowest weekly close since July 2016 · 3 Apr 2020 | ₹111.85 | +45.7% |
| 52-week high (weekly close) · 25 Sep 2026 | ₹203.40 | −19.9% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹126.51 | +28.8% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (539 weekly closes from 22 July 2016 to 3 November 2026.)

## What is the latest news on Plastiblends India? 3 Nov 2026: Plastiblends India closed at ₹162.98, up 1.2% on the week and down 16.5% 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.)

## What dividend does Plastiblends India pay? Plastiblends India paid ₹3 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.84% at the ₹162.98 close on 3 November 2026. The last was a dividend of ₹3 a share, ex-date 17 August 2026. ### Plastiblends India dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 17 Aug 2026 | ₹3 | Dividend |
| 8 Jul 2025 | ₹2.50 | Dividend |
| 23 Jul 2024 | ₹4.25 | Dividend |
| 23 Jun 2023 | not readable | Dividend |
| 17 Jun 2022 | ₹4 | Dividend |
| 16 Jul 2021 | ₹4 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What could change the Plastiblends India story? What are the risks? 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.)

## What to watch in Plastiblends India's next results? 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. - What to check ()
- GPM (from screener margin trends) falling below 24% for two consecutive quarters. - Debtor days exceeding 70 days for the next annual period, or CCC above 145 days. - Any quarter where other income exceeds 50% of profit before tax alongside operating margin below 7%, potential earnings quality concern. ## Which stock lists is Plastiblends India on? Plastiblends India is not on any of our India lists this week. ## Is Plastiblends India profitable? 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. 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. ## How much revenue does Plastiblends India make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Plastiblends India keep? 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. 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. ## Is Plastiblends India's profit turning into cash? 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. 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. ## Where does Plastiblends India's cash go? 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. 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. ## What is Plastiblends India's P/E ratio, and how does it compare with its own history? Plastiblends India Ltd's P/E is 9.2×, 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. Why the multiple is where it is: over the past year earnings per share moved +9.7% while the price moved −9.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −7.9% a year; about +5.2% a year came from earnings growth and about −13.1 percentage points from the multiple (the market paying less); over 10 years the price moved −4.8% a year; about +2.8% a year came from earnings growth and about −7.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Plastiblends India share price assume? Worked out from its price on 11 October 2026, Plastiblends India Ltd's share price assumed profit growth of about 4.8% a year. Over the past 10 years its profit actually grew −0.3% a year. Today its P/E is 9.2×, lower than 98% of its own last 10 years. This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Plastiblends India business getting better or worse? Plastiblends India Ltd's business is turning around. Profit growth has swung from −8.6% at its low to +39.4%, improving for 4 quarters in a row, with ROCE rising at 12.7%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## What is the Plastiblends India story, and has it been checked? Plastiblends India Ltd's story is not scored yet against the checks our research set on 19 July 2026. Where it sits in its own cycle: Not stated in the research file. From the numbers. From the price. Price stage 2, week 18, below its 200-day line, relative strength falling. From the research. Where they disagree. Surface and normalized readings are within 3 percentile points of each other, confirming no margin-distortion amplification. The operating cycle stage is early expansion, ROCE at 11% is at the 20th percentile of own history and revenue is flat, so the business is not yet in a compounding phase, but the margin recovery from trough confirms the cycle has turned. What is not proven yet. If OPM falls back below 7% for two consecutive quarters without a demonstrable input-cost event, the recovery thesis is broken and the stock reverts to a flat-revenue declining-ROCE story. 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. What would change our mind. If OPM falls back below 7% for two consecutive quarters without a demonstrable input-cost event, the recovery thesis is broken and the stock reverts to a flat-revenue declining-ROCE story. 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. What the surface reading misses. The surface reading is: OPM at 9.9% appears above average for this business The research reads it further: The 10-year OPM range per cycle normalized is 4.3% to 14.7%; current 9.9% is at the 68th percentile, above mid-cycle of 8.3%. The GPM bridge from 21% (trough) to 27% (current) confirms the driver is input-cost normalization. Margins are above mid-cycle but not at historical peaks (12 to 14%), so the cycle is in early expansion, not at peak

What the surface reading misses. The surface reading is: 0.65x OCF/PAT over three years appears adequate The research reads it further: The three-year aggregate masks a severe FY25 dip to 0.27x (OCF 9 Cr, PAT 33 Cr) driven by WC absorbing 39 Cr, debtor days jumped from 41 to 54 and inventory from 76 to 88. FY26 improved to 0.57x as payable days extended to 21. The cash decomposition story is growth wc plus capex, WC absorption of 91 Cr across five years, not a cash leak

Sources: our stock research file (19 July 2026) · quarterly results through Sep 2026. The story check is re-scored every results season; the record below never changes. ## How much does Plastiblends India earn on its capital? Plastiblends India Ltd earned a ROCE of 11% in FY26. That is up from a low of 9% in FY23. Its return on capital used (ROIC) is 3.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 4.8% net margin and 1.38× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.8% net margin × 1.38× asset turnover × 1.24× leverage (assets divided by equity) ≈ 8.2% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 8.9% − 12.0% = −3.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 8.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 7.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Plastiblends India have too much debt? Plastiblends India Ltd has total debt of ₹17.0 Cr against shareholder equity of ₹511 Cr as of Sep 2026, so its debt is 0.03× its equity, which is very little. Year by year, that ratio went from 0.12 in FY22 to 0.05 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Plastiblends India shareholding pattern? Promoters cut their stake in Plastiblends India Ltd by 2.3 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 62.1% of the company. Foreign institutions moved −0.4 points over the same period, to 0.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −2.3 points over 8 quarters, to 62.1%; Foreign institutions: −0.4 points over 8 quarters, to 0.3%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%. Why the owners changed: promoters drove it (−2.3 points). They reduced their stake. ## How far is Plastiblends India from balance-sheet trouble? For Plastiblends India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Plastiblends India rank in its industry? 51.1 out of 100, rank 6 of 8 in Plastics - Plastic & Plastic Products, with 100% of the evidence available. Plastiblends India Ltd scores 51.1 out of 100 against the 8 companies it is compared with in Plastics - Plastic & Plastic Products, ranking 6. Earnings are strong; relative strength in its sector is -16.7% and the one-year return is -11.6%. The four parts add up to the total exactly: 22.9 + 6.5 + 20 + 1.7 = 51.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Plastiblends India compared with? Plastiblends India ranks 6 of 8 Plastics - Plastic & Plastic Products companies on the 4-Factor Sector Score, with 51.1 out of 100. 1. [Nilkamal Ltd](https://www.sectoralpha.in/stocks/nilkamal-ltd) NILKAMAL · leader · Most evidence points up · 100% evidence 65.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.9/35 · Revenue 7.6% · Profit 51.4% · Operating margin change 3 points · 100% evidence Capital efficiency 9.7/25 · ROCE 10.6% · Operating margin 12% · 100% evidence Valuation 12.9/20 · P/E 17.2× · PEG 0.7 · 100% evidence Relative strength 17.6/20 · Lead over its industry 14.6% · Lead over NIFTY 500 36.4% · 1 year 28.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.9 + 9.7 + 12.9 + 17.6 = 65.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Mayur Uniquoters Ltd](https://www.sectoralpha.in/stocks/mayur-uniquoters-ltd) MAYURUNIQ · turning · Most evidence points up · 96% evidence 65.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/35 · Revenue 15.4% · Profit 34.4% · Operating margin change 2 points · 88% evidence Capital efficiency 16.3/25 · ROCE 24.5% · Operating margin 22% · 100% evidence Valuation 16.1/20 · P/E 15× · PEG 0.62 · 100% evidence Relative strength 6.4/20 · Lead over its industry -0.9% · Lead over NIFTY 500 17.3% · 1 year 31.2% · 100% evidence · 1 of 12 weeks ahead Exact sum: 26.3 + 16.3 + 16.1 + 6.4 = 65.1 · What this means: Earnings are strong; relative strength in its sector is -0.9% and the one-year return is 31.2%. 3. [Kingfa Science & Technology (India) Ltd](https://www.sectoralpha.in/stocks/kingfa-science-technology-indialtd) KINGFA · breaking out · Evidence leans up · 96% evidence 63.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.2/35 · Revenue 24.1% · Profit 46.1% · Operating margin change 3 points · 88% evidence Capital efficiency 15.9/25 · ROCE 23.2% · Operating margin 16% · 100% evidence Valuation 3.6/20 · P/E 40.7× · PEG 3.29 · 100% evidence Relative strength 20.0/20 · Lead over its industry 20.1% · Lead over NIFTY 500 42.4% · 1 year 46.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.2 + 15.9 + 3.6 + 20 = 63.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Arrow Greentech Ltd](https://www.sectoralpha.in/stocks/arrow-greentech-ltd) ARROWGREEN · losing its lead · Evidence leans up · 96% evidence 60.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.6/35 · Revenue 12.8% · Profit 16.7% · Operating margin change 7 points · 88% evidence Capital efficiency 18.5/25 · ROCE 29.6% · Operating margin 41% · 100% evidence Valuation 15.4/20 · P/E 16.4× · PEG 0.45 · 100% evidence Relative strength 10.7/20 · Lead over its industry 5.4% · Lead over NIFTY 500 23.7% · 1 year 13% · 100% evidence · 10 of 12 weeks ahead Exact sum: 15.6 + 18.5 + 15.4 + 10.7 = 60.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 5. [Shaily Engineering Plastics Ltd](https://www.sectoralpha.in/stocks/shaily-engineering-plastics-ltd) SHAILY · leader · Evidence leans up · 100% evidence 55.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.7/35 · Revenue 18.3% · Profit 27.4% · Operating margin change -1 points · 100% evidence Capital efficiency 20.9/25 · ROCE 29.3% · Operating margin 30% · 100% evidence Valuation 1.0/20 · P/E 78× · PEG 4.29 · 100% evidence Relative strength 14.0/20 · Lead over its industry 6.9% · Lead over NIFTY 500 26.6% · 1 year 39.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.7 + 20.9 + 1 + 14 = 55.6 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 6. Plastiblends India Ltd this page PLASTIBLEN · quiet · Evidence leans up · 100% evidence 51.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 9.3% · Profit 39.4% · Operating margin change 1 points · 100% evidence Capital efficiency 6.5/25 · ROCE 10.7% · Operating margin 7% · 100% evidence Valuation 20.0/20 · P/E 9× · PEG 0.34 · 100% evidence Relative strength 1.7/20 · Lead over its industry -16.7% · Lead over NIFTY 500 -0.6% · 1 year -11.6% · 100% evidence · 9 of 12 weeks ahead Exact sum: 22.9 + 6.5 + 20 + 1.7 = 51.1 · What this means: Earnings are strong; relative strength in its sector is -16.7% and the one-year return is -11.6%. 7. [DDev Plastiks Industries Ltd](https://www.sectoralpha.in/stocks/ddev-plastiks-industries-ltd) DDEVPLSTIK · basing · Evidence leans up · 81% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 15.3% · Profit 9.2% · Operating margin change 0 points · 88% evidence Capital efficiency 15.8/25 · ROCE 31% · Operating margin 9% · 100% evidence Valuation 13.2/20 · P/E 11.7× · PEG 1.72 · 100% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -4.5% · 1 year -19.5% · 25% evidence · 4 of 12 weeks ahead Exact sum: 13.9 + 15.8 + 13.2 + 8.1 = 51 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Responsive Industries Ltd](https://www.sectoralpha.in/stocks/responsive-industries-ltd) RESPONIND · basing · Most evidence points down · 78% evidence 21.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 0.9/35 · Revenue -18.7% · Profit -73.3% · Operating margin change -9.9 points · 100% evidence Capital efficiency 7.5/25 · ROCE 10.8% · Operating margin 14.5% · 100% evidence Valuation 5.1/20 · P/E 70.2× · PEG 3.05 · 65% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -12.5% · 1 year -26.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 0.9 + 7.5 + 5.1 + 7.5 = 21 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Plastics - Plastic & Plastic Products](https://www.sectoralpha.in/sectors/plastics-plastic-plastic-products), all 8 compared on one page. ## Which companies are close to Plastiblends India in size? Plastiblends India is the 8th largest of 8 Plastics - Plastic & Plastic Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Kingfa Science & Technology (India), Responsive Industries, Mayur Uniquoters, Nilkamal, DDev Plastiks Industries and Arrow Greentech. It is the smallest. ### Plastics - Plastic & Plastic Products companies close in size

1. [Kingfa Science & Technology (India) Ltd](https://www.sectoralpha.in/stocks/kingfa-science-technology-indialtd) ₹9,192 crore
2. [Responsive Industries Ltd](https://www.sectoralpha.in/stocks/responsive-industries-ltd) ₹3,864 crore
3. [Mayur Uniquoters Ltd](https://www.sectoralpha.in/stocks/mayur-uniquoters-ltd) ₹3,109 crore
4. [Nilkamal Ltd](https://www.sectoralpha.in/stocks/nilkamal-ltd) ₹2,907 crore
5. [DDev Plastiks Industries Ltd](https://www.sectoralpha.in/stocks/ddev-plastiks-industries-ltd) ₹2,507 crore
6. [Arrow Greentech Ltd](https://www.sectoralpha.in/stocks/arrow-greentech-ltd) ₹1,050 crore
7. Plastiblends India Ltd ₹413 crore

[All 8 Plastics - Plastic & Plastic Products companies, largest first](https://www.sectoralpha.in/sectors/plastics-plastic-plastic-products#all-companies)

### Companies close in size in other industries

1. [Magnus Steel & Infra Ltd](https://www.sectoralpha.in/stocks/magnus-steel-infra-ltd) ₹417 crore · Trading
2. [Mardia Samyoung Capillary Tubes Company Ltd](https://www.sectoralpha.in/stocks/mardia-samyoung-capillary-tubes-company-ltd) ₹413 crore · Trading
3. Plastiblends India Ltd ₹413 crore
4. [Forbes & Company Ltd](https://www.sectoralpha.in/stocks/forbes-company-ltd) ₹412 crore
5. [Iware Supplychain Services Ltd](https://www.sectoralpha.in/stocks/iware-supplychain-services-ltd) ₹412 crore · Transport - Road

## What else do people ask about Plastiblends India? ### What is Plastiblends India's share price today? Plastiblends India Ltd's share price is ₹162.98, −9.9% over the past year. The whole company is worth ₹423 Cr on the market. In the last 52 weeks it traded between ₹127 to ₹203; today it is 47% of the way up from the low, 9.3% below its 200-day average (as of 3 November 2026). ### What were Plastiblends India's latest quarterly results? Plastiblends India Ltd reported revenue of ₹229 Cr and net profit of ₹11.0 Cr for the Sep 2026 quarter. Revenue rose 18.7% and profit rose 57.1% compared with a year earlier. Earnings per share were ₹4.10. The operating margin was 7.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Plastiblends India's market cap? Plastiblends India Ltd's market capitalisation is ₹423 Cr at a share price of ₹162.98. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Plastiblends India performing? Plastiblends India Ltd's share price has been rising for 18 weeks. In its latest quarter, revenue rose 18.7% and profit rose 57.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running (as of 3 November 2026). ### Will Plastiblends India's share price go up? This page does not forecast Plastiblends India Ltd's share price. What it shows instead: the share price is ₹162.98, and it has been rising for 18 weeks. Its P/E of 9.2× is higher than 2% of its own last 10 years (as of 3 November 2026). ### Who owns Plastiblends India? Promoters own 62.1% of Plastiblends India Ltd, foreign institutions 0.3%, domestic institutions, and the public 37.7% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 2.3 percentage points over 8 quarters (as of 3 November 2026). ### Does Plastiblends India have too much debt? No, Plastiblends India Ltd has little debt: its debt is 0.05× its equity, and its operating profit is 27 times its interest bill. FY26 borrowings were ₹22.0 Cr against equity of ₹449 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Plastiblends India in its business cycle? Plastiblends India Ltd's FY26 operating margin was 7.0%, against a 12-year range of 7.0% to 12.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 7.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Plastiblends India story? The main question: promoters moved −2.3 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Plastiblends India a stock worth studying right now? What the numbers show: Plastiblends India Ltd's results are improving, while its P/E is near the low end of its own history over 10 years, higher than only 2% of past readings. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Plastiblends India share price forecast for 2026? What would change the story: 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. This is research, not advice. We’re not SEBI-registered.