Announcement
Announcement under Regulation 30 (LODR)-Scheme of Arrangement 29 Sep - Board approved merger with Time Technoplast; shareholders get 403 TTL shares per 1,000 TPL shares.
Source: Bse
TPL Plastech Limited (TPLPLASTEH)
Small CapIT stocks · Small cap · NSE
TPL Plastech Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result05 Aug, 12:54 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
63BullishSMA20 -5.3% / mo · MACD + · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 39
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
TPLPLASTEHD candles · FIT view+1.5%Latest close ₹67.39 on 2026-10-19
Bar
-4.6%
RSI
46
MACD hist
0.46
52W pos
43%
2026-10-19O ₹70.66H ₹72.00L ₹66.98C ₹67.39Vol 2.1L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
TPLPLASTEHNifty ITNifty 500
- TPLPLASTEH
- -18.7%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- -13.2 pp
Chart stats
19 Oct 2026- From 52W high
- -25.4%
- 52W range position
- 43%
- ATR (14)
- 4.7%
- Volume vs 20D
- 0.94x
- Avg traded value
- ₹1.6 Cr
- 20D price channel
- ₹63.2 - ₹78
₹90.3
₹50 - ₹90.3
₹3.2
Latest completed session
20-session average
44.3% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED71
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average52
Revenue +37.6% · PAT +19.2% YoY
Technical
Bullish63
Price trend and sector-relative-strength timing.
Valuation
Legacy model+45.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence90
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 52/100margin compression · Rev +38% YoY · PAT +19% YoY · +9% QoQ
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹124.4 Cr | +37.6% | +9.0% |
| EBITDA | ₹11.3 Cr | +12.9% | -12.2% |
| Operating margin | 9.1% | -198 bps | -219 bps |
| PAT | ₹6.5 Cr | +19.2% | -19.0% |
| PAT margin | 5.2% | -81 bps | -182 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 17.60
- P/B
- 3.14
- EV/EBITDA
- 9.79
- Market Cap
- 529.00Cr
Profitability
- ROE
- 18.30%
- ROCE
- 22.30%
- ROA
- 11.72%
- Dividend Y
- 1.92%
Growth (CAGR)
- Revenue 5Y
- 20.00%
- EPS 5Y
- 29.00%
- Revenue 3Y
- 16.00%
- EPS 3Y
- 24.00%
Balance Sheet
- Debt/Equity
- 0.11
- Interest Coverage
- 10.00×
- Altman Z
- 7.15
- Book Value
- 21.60
Cash Flow
- FCF Yield
- 7.56%
- FCF Positive Y
- 5/5
- OCF
- 46.00 Cr
- EPS TTM
- 3.86
Shareholding
- Promoter Hold
- 74.86%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 44%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 124+9.0% vs prev
Net Profit
₹ CrLatest: 6.5-19.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 46.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~5.6% over last month) — short-term momentum negative.
- RSI(14) at 46 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 25% off 52W high · 35% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
54
RS percentile
Stage 1 Base / Transition
1M return
+3.1%
3M return
-18.7%
6M return
-0.6%
1Y return
-5.1%
RS 1D
-8
RS 20D
+7
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is within 3.8% of the 30-week proxy.
- The 30-week proxy changed +0.7% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 95.49-3.64%
RS vs Nifty 50095
Valuation & peers
U-Score 71 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 71 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation14/30
Growth20/25
Quality13/20
Balance Sheet11/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
71
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
71/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 7.6%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 45.6%.
Main drags
- Valuation is weaker at 14/30; verify the latest quarterly trend.
- Quality is weaker at 13/20; verify the latest quarterly trend.
- Balance sheet is weaker at 11/15; verify the latest quarterly trend.
Sector valuation model
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
17.6
PB
3.1
EV/EBITDA
9.8
ROE
18.3%
ROCE
22.3%
FCF Yield
7.6%
Debt/Equity
0.1
MoS
+45.6%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
71
Previous: 71
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+45.6%
Previous: +44.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
71
71
71
71
71
71
71
71
71
71
71
71
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹43.31
-55.6% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹123.91
+45.6% MoS
PEG
0.65
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
OSWALGREEN
Small
Oswal Greentech Limited
IT Services / Digital
match 166
61
11.7
1.9%
+62%
UNDERVALUED
SHREERAMA
Small
Shree Rama Multi-Tech Limited
IT Services / Digital
match 166
62
22.6
15.4%
+12%
UNDERVALUED
ORIENTCER
Small
ORIENT CERATECH LIMITED
IT Services / Digital
match 165
37
15.5
7.8%
-17%
WATCHLIST
KELLTONTEC
Small
Kellton Tech Solutions Limited
IT Services / Digital
match 165
60
7.1
13.6%
+44%
UNDERVALUED
3IINFOLTD
Small
3i Infotech Limited
IT Services / Digital
match 165
46
12.4
11.0%
+57%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
TPL Plastech Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
90Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 100th percentile of the scored universe and 100th percentile within IT. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
2 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
100th percentile
overall median 67 · IT: 100th pctile, median 69 · Small: 100th pctile, median 66
Evidence depth
Financial-only
2 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 74.9%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 7.1%.
- ▸5 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching TPL Plastech Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Aug - Newspaper Intimation about dispatch of Annual Report, Notice of 33rd Annual General Meeting and other matters.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Aug - Newspaper Advertisement for the attention of the shareholders of the Company with respect to the 33rd Annual General Meeting to be held on September 22, …
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.