TPL Plastech FY26 Revenue Up 20.9% to ₹4227 Mn; Proposes ₹1.30 Dividend
TPL Plastech reported FY26 revenue of ₹4,226.6 Mn (up 20.9% YoY) and PAT of ₹290.9 Mn (up 23.2% YoY). The company recommended a dividend of ₹1.30 per share for FY26. It plans a ₹5 Crore investment in solar energy for 75% of its power needs, expecting an 18-month payback. ROCE improved to 22.5%.
The strong financial performance, increased dividend payout, and strategic investments in energy efficiency and growth targets are likely to positively influence investor sentiment and the company's long-term prospects.
The company reported significant year-on-year growth in revenue and profit, recommended an increased dividend, and is investing in renewable energy with a clear payback period, all indicating positive financial health and strategic planning.
TPL Plastech Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. For the full financial year, the company reported a revenue from operations of ₹4,226.6 Mn, an increase of 20.9% compared to the previous year. EBITDA for FY26 stood at ₹483.9 Mn, up 19.0% year-on-year, with an EBITDA margin of 11.44%. Profit After Tax (PAT) for the fiscal year was ₹290.9 Mn, reflecting a 23.2% increase, with a PAT margin of 6.87%.
The fourth quarter of FY26 (Q4 FY26) saw revenue from operations at ₹1,141.2 Mn, a 23.7% rise year-on-year. EBITDA for the quarter was ₹129.3 Mn, up 13.9%, and PAT was ₹80.8 Mn, an increase of 17.9%.
Key highlights for FY26 include a strong 21% volume growth driven by the ramp-up of the Dahej facility and rising market demand. Total debt was reduced by ₹260 Mn in FY26 compared to FY25. The Board has recommended a dividend of ₹1.30 per share for FY26, subject to shareholder approval at the upcoming Annual General Meeting (AGM), an increase from ₹1.0 per share in FY25. The company also plans to shift 75% of its energy consumption to solar power, requiring an investment of approximately ₹5 Crore, with an expected payback period of less than 18 months and annual savings of around ₹4 Crore.
Return on Capital Employed (ROCE) improved to 22.5% in FY26 from 20.3% in FY25. The company operates on a B2B model serving industries like Specialty Chemicals, FMCG, and Pharmaceuticals, utilizing a monthly pricing formula with clients to maintain margins.
Management commentary highlights steady FY26 performance, with a projected growth target of approximately 15% per annum in both volume and value over the coming years. The company is also focusing on consolidation of products and facilities, cost reduction through automation, and working capital optimization.
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