Plastiblends India Limited (PLASTIBLEN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+67.2%

₹277.24

vs ₹165.85 price

Levered DCF

₹143.54

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.43

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	8.61×	13.94×	18.53×	14.62×	14.04×	16.01×	7.85×	16.24×
P/B	0.7×	1.09×	1.58×	0.99×	1.35×	1.81×	1.04×	1.88×
P/S	0.4×	0.6×	0.8×	0.51×	0.72×	1.04×	0.49×	0.81×
EV / EBITDA	5.04×	8.95×	10.42×	7.38×	8.23×	8.74×	4.85×	9.48×
Gross margin	18.0%	25.5%	24.1%	10.7%	23.6%	30.5%	15.6%	13.5%
Operating margin	4.8%	20.0%	5.0%	4.5%	6.5%	9.1%	8.4%	7.8%
Net margin	4.7%	4.3%	4.3%	3.5%	5.1%	6.5%	6.2%	5.0%
Current ratio	4.23×	6.02×	5.87×	4.81×	3.02×	2.69×	2.52×	2.4×
Debt / equity	0.05×	0.01×	0.02×	0.02×	0.12×	0.1×	0.18×	0.29×
Interest coverage	17.7×	123.6×	34.52×	16.49×	14.94×	17.47×	25.78×	5.97×
Dividend yield	2.1%	2.4%	1.6%	2.7%	2.1%	0.0%	7.0%	1.5%
Payout ratio	17.7%	33.0%	30.1%	38.9%	28.9%	0.0%	54.7%	24.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.2%	7.8%	8.5%	6.8%	9.6%	11.3%	13.2%	11.6%
Return on invested capital	5.7%	25.4%	6.9%	5.9%	7.5%	9.4%	10.0%	9.6%
Return on assets	6.6%	6.6%	7.2%	5.5%	7.1%	8.2%	9.1%	7.5%
Free cash flow yield	-2.6%	-0.5%	4.0%	16.4%	1.9%	4.5%	18.4%	9.8%
Earnings yield	11.6%	7.2%	5.4%	6.8%	7.1%	6.2%	12.7%	6.2%
Enterprise value	₹3.3B	₹4.7B	₹6.4B	₹4B	₹5.6B	₹6.3B	₹3.4B	₹5.8B
Net debt / EBITDA	0.25×	-0.01×	0.09×	0.13×	0.67×	0.45×	0.71×	1.25×
Cash conversion cycle (days)	130	122	104	93	138	150	119	122