Ashish Polyplast Experiences Valuation Grade Change Amidst Competitive Industry Landscape

Ashish Polyplast, a microcap player in the industrial plastic products sector, has recently undergone a valuation adjustment. The company's current price stands at 40.97, slightly down from the previous close of 41.00. Over the past year, Ashish Polyplast has shown a return of 24.57%, outperforming the Sensex, which recorded a return of 9.07% in the same period. However, year-to-date performance reveals a decline of 24.13%, contrasting with the Sensex's gain of 3.60%.
Key financial metrics for Ashish Polyplast include a PE ratio of 13.92 and an EV to EBITDA ratio of 13.24. The company's return on capital employed (ROCE) is reported at 3.45%, while the return on equity (ROE) is at 3.70%.

In comparison to its peers, Ashish Polyplast's valuation metrics indicate a notable position within the industry. For instance, while Arrow Greentech and TPL Plastech are categorized differently, their PE ratios are higher, suggesting varying market perceptions. Additionally, Wim Plast stands out with a more attractive valuation profile, highlighting the competitive landscape in which Ashish Polyplast operates.