Stock Price Movement and Market Context
On 20 Jan 2026, Plastiblends India Ltd recorded its lowest price in the past year at Rs.153, down 1.64% on the day. The stock has underperformed its sector, although it marginally outperformed the Specialty Chemicals sector by 1.31% today. Over the last three trading sessions, the stock has declined by 3.08%, continuing a trend of subdued investor sentiment. Notably, Plastiblends is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating a persistent bearish trend in the short to long term.
In contrast, the broader market benchmark, the Sensex, experienced a negative session, closing at 82,583.97, down 0.8% or 623.41 points. The Sensex remains 4.33% below its 52-week high of 86,159.02, and has been on a three-week consecutive decline, losing 3.71% in that period. While the Sensex trades below its 50-day moving average, the 50DMA remains above the 200DMA, suggesting some underlying resilience in the broader market despite recent weakness.
Financial Performance and Valuation Metrics
Plastiblends India Ltd’s financial performance over the past year has been underwhelming. The stock has delivered a negative return of 34.17% over the last 12 months, significantly lagging the Sensex’s positive 7.15% return in the same period. The company’s 52-week high was Rs.248, underscoring the extent of the recent price erosion.
One of the key factors contributing to the stock’s subdued performance is its long-term growth trajectory. Operating profit has declined at an annualised rate of 5.60% over the past five years, reflecting challenges in sustaining profitability growth. The company reported negative results in the half-year ended December 2025, with a Return on Capital Employed (ROCE) at a low 9.87%, signalling limited efficiency in capital utilisation.
Cash and cash equivalents stood at a modest Rs.1.79 crores in the half-year period, indicating limited liquidity buffers. Additionally, the Debtors Turnover Ratio was recorded at 6.61 times, the lowest in recent periods, which may suggest slower collections or extended credit terms impacting working capital management.
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Comparative Performance and Market Position
Over the last three years, Plastiblends has consistently underperformed the BSE500 index, reflecting persistent challenges in both near-term and long-term performance. The stock’s Mojo Score currently stands at 26.0, with a Mojo Grade of Strong Sell, an upgrade from the previous Sell rating as of 12 Jan 2026. This grading reflects the company’s deteriorated fundamentals and weak price momentum.
Despite these headwinds, the company maintains a low average Debt to Equity ratio of 0.03 times, indicating a conservative capital structure with limited leverage. The Return on Equity (ROE) is at 7.4%, which, while modest, supports a fair valuation. The Price to Book Value ratio is 0.9, suggesting the stock is trading close to its book value and in line with historical valuations of its peers.
Profitability has also declined, with profits falling by 6.4% over the past year, further contributing to the subdued investor sentiment. The majority shareholding remains with promoters, maintaining stable ownership control.
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Summary of Key Metrics
To summarise, Plastiblends India Ltd’s recent price action reflects a combination of subdued financial performance and technical weakness. The stock’s fall to Rs.153 marks a new 52-week low, with a significant gap from its 52-week high of Rs.248. The company’s operating profit decline, low ROCE, and reduced cash reserves have contributed to the cautious market stance. While the low debt levels and fair valuation metrics provide some stability, the overall trend remains negative as indicated by the stock’s position below all major moving averages and its Strong Sell Mojo Grade.
Investors and market participants will note the contrast between Plastiblends’ performance and the broader market, where the Sensex, despite recent declines, remains relatively resilient. The stock’s underperformance over multiple time horizons highlights the challenges faced by the company within the Specialty Chemicals sector.
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