---
title: "Swashthik Plascon Ltd (544035) — Share Price, Financials & Analysis"
symbol: "544035"
company: "Swashthik Plascon Ltd"
canonical: "https://tapetide.com/stocks/544035"
isin: "INE0RDR01012"
nse_symbol: "SWASHTHIKPLASCONLTD"
bse_code: "544035"
sector: "Industrial Products"
industry: "Plastic Products - Industrial"
market_cap_cr: 44.8
generated_at: "2026-09-13T19:39:52.305Z"
---

# Swashthik Plascon Ltd (544035)

Canonical page: https://tapetide.com/stocks/544035

## Company

- **NSE Symbol:** SWASHTHIKPLASCONLTD
- **BSE Code:** 544035
- **ISIN:** INE0RDR01012
- **Sector:** Industrial Products
- **Industry:** Plastic Products - Industrial
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-12-05
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** swashthikplascon.com

## About

Incorporated in 2007, Swashthik Plascon Ltd manufactures PET preforms and PET bottles[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:51:05.163331Z.

- **Market Cap:** ₹44.8 Cr
- **Classification:** SME
- **P/E (reported):** 5.6
- **EPS (reported):** ₹4.29
- **Book Value:** ₹48
- **Price to Book:** 0.48
- **Dividend Yield:** 0%
- **ROE:** 8.6%
- **ROCE:** 10.57%
- **Debt to Equity:** 0.95
- **Revenue (yearly):** ₹153.9 Cr
- **Net Income:** ₹8 Cr
- **EBITDA:** ₹23.3 Cr
- **52-Week High:** ₹45.69
- **52-Week Low:** ₹15.75
- **RSI (14):** 54.06

## Tapetide Score

- **Score:** 55 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Flat
- **Percentile:** 70.1 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 19 | 9% |
| growth | 46.63 | 9% |
| momentum | 52.37 | 12% |
| ownership | 46.89 | 24% |
| quality | 64.09 | 22% |
| valuation | 75.37 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.49 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.9% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| cash flow growth | 275.31% | 448.44% |
| ebitda margin growth | 7.61% | 12.41% |
| net income growth | 14.29% | 39% |
| revenue growth | 7.02% | 50% |
| roce | 19.03% | -15.58% |
| roe | 5.39% | 9.51% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 66 | 60 | 72 | 72 | 76 | 77 |
| Expenses | 59 | 57 | 61 | 63 | 64 | 66 |
| Operating Profit | 7 | 3 | 11 | 10 | 12 | 11 |
| OPM % | 10 | 4.7 | 15 | 13 | 16 | 14 |
| Other Income | 4 | 5 | 0 | 0 | 0 | 0 |
| Interest | 2 | 2 | 2 | 4 | 1 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 |
| Profit before tax | 7 | 4 | 6 | 3 | 7 | 4 |
| Tax % | 29 | 36 | 27 | 19 | 25 | 28 |
| Net Profit | 5 | 3 | 4 | 2 | 6 | 3 |
| EPS in Rs | 3.81 | 1.51 | 2.54 | 1.28 | 2.83 | 1.3 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 46 | 126 | 143 | 153 |
| Expenses | 40 | 116 | 123 | 129 |
| Operating Profit | 6 | 10 | 20 | 24 |
| OPM % | 13 | 8 | 14 | 16 |
| Other Income | 0 | 9 | 0 | 1 |
| Interest | 2 | 5 | 6 | 7 |
| Depreciation | 1 | 3 | 5 | 7 |
| Profit before tax | 3 | 11 | 9 | 11 |
| Tax % | 13 | 32 | 24 | 26 |
| Net Profit | 3 | 8 | 7 | 8 |
| EPS in Rs | 2.35 | 4.29 | 3.58 | 4.13 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 13 | 18 | 19 | 19 |
| Reserves | 8 | 46 | 66 | 74 |
| Borrowings | 59 | 54 | 85 | 88 |
| Other Liabilities | 32 | 32 | 29 | 40 |
| Total Liabilities | 111 | 149 | 200 | 221 |
| Fixed Assets | 27 | 42 | 49 | 51 |
| CWIP | 0 | 0 | 7 | 30 |
| Investments | 1 | 1 | 1 | 1 |
| Other Assets | 82 | 107 | 143 | 139 |
| Total Assets | 111 | 149 | 200 | 221 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 4 | -10 | -19 | 34 |
| Cash from Investing Activity | -3 | -18 | -19 | -32 |
| Cash from Financing Activity | -1 | 28 | 40 | -4 |
| Net Cash Flow | 0 | 0 | 2 | -2 |
| Free Cash Flow | 1 | -27 | -39 | 1 |
| CFO/OP | 70 | -80 | -82 | 150 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 298 | 122 | 117 | 117 |
| Inventory Days | 436 | 215 | 246 | 297 |
| Days Payable | 212 | 91 | 72 | 101 |
| Cash Conversion Cycle | 523 | 245 | 292 | 313 |
| Working Capital Days | 149 | 202 | 248 | 166 |
| ROCE % | — | 16 | 11 | 10 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60% | 43.81% | 43.81% | 43.81% | 39.53% | 39.53% | 43.94% | 44.46% |
| FIIs | 0% | 8.83% | 1.67% | 1.25% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0.7% | 0.7% | 0.85% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 40.4% | 46.75% | 48.63% | 53.01% | 51.1% | 47.05% | 46.31% |
| Others | 40% | 6.96% | 7.77% | 6.31% | 6.76% | 8.67% | 8.15% | 9.24% |
| No. of Shareholders | 18 | 1263 | 786 | 808 | 976 | 1015 | 1000 | 1003 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 5 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 22.33 | Buy |
| EMA (10) | 22.7 | Buy |
| SMA (20) | 22.45 | Buy |
| EMA (20) | 22.53 | Buy |
| SMA (50) | 22.65 | Buy |
| EMA (50) | 22.49 | Buy |
| SMA (100) | 22.03 | Buy |
| EMA (100) | 23.23 | Buy |
| SMA (200) | 25.61 | Sell |
| EMA (200) | 28.04 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 58.38 | Neutral |
| MACD (12,26,9) | 0.12 | Buy |
| Stochastic (14,3,3) | 72.22 | Neutral |
| ADX (14) | 11.36 | Neutral |
| Williams %R (14) | -8.33 | Sell |
| ATR (14) | 1.08 | High Volatility |
| ROC (12) | 3.71 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 57.04 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Company clarified share price movement is market-driven and disclosed no material information. | [Announcement Under Reg 30 For Reply Of Price Movement 9 Apr - Company clarified share price movement is market-driven and disclosed no material information.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3398abf6-e5a7-48e8-83b2-8c22d7d5625d.pdf) |
| 7 January 2026 - RTA certificate: Reg 74(5) not applicable; all shares demat, no remat/demat requests for Q3 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 January 2026 - RTA certificate: Reg 74(5) not applicable; all shares demat, no remat/demat requests for Q3 2025.](https://nsearchives.nseindia.com/corporate/rockingdeals_07012026153648_Intimation_Regulation_74_5_.pdf) |
| 6 January 2026 - Deepika Dixit resigned as Company Secretary & Compliance Officer effective January 05, 2026, due to personal reasons. | [Resignation 6 January 2026 - Deepika Dixit resigned as Company Secretary & Compliance Officer effective January 05, 2026, due to personal reasons.](https://nsearchives.nseindia.com/corporate/rockingdeals_06012026121052_Intimation_for_resignation_of_Deepika_Dixit.pdf) |
| 28 Jan - Board approved related-party transactions, lease proposal; postal ballot and scrutinizer appointed; record date 23 Jan 2026. | [Outcome Of Board Meeting 28 Jan - Board approved related-party transactions, lease proposal; postal ballot and scrutinizer appointed; record date 23 Jan 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d6aa4e5b-0ebe-4505-8a16-872b0ff3e591.pdf) |
| 28 February 2026 - Summons dated 24 Feb 2026 requesting IPO-related documents concerning BRLM Corporate Capital Ventures. | [General Updates 28 February 2026 - Summons dated 24 Feb 2026 requesting IPO-related documents concerning BRLM Corporate Capital Ventures.](https://nsearchives.nseindia.com/corporate/rockingdeals_28022026190519_Intimation_under_regulation_30___1_.pdf) |
| 27 February 2026 - Neha Mehta appointed Company Secretary & Compliance Officer effective 27-Feb-2026, replacing Deepika Dixit; ICSI A-59264. | [Outcome of Board Meeting 27 February 2026 - Neha Mehta appointed Company Secretary & Compliance Officer effective 27-Feb-2026, replacing Deepika Dixit; ICSI A-59264.](https://nsearchives.nseindia.com/corporate/rockingdeals_27022026185337_Outcome_of_the_Board_meeting_Rockingdeals.pdf) |
| 27 February 2026 - Neha Mehta appointed Company Secretary & Compliance Officer effective 27 Feb 2026; Deepika Dixit resigned 05 Jan 2026. | [Change in Company Secretary/Compliance Officer 27 February 2026 - Neha Mehta appointed Company Secretary & Compliance Officer effective 27 Feb 2026; Deepika Dixit resigned 05 Jan 2026.](https://nsearchives.nseindia.com/corporate/rockingdeals_27022026185642_Outcome_of_the_Board_meeting_Rockingdeals.pdf) |
| 25 December 2025 - One-to-one virtual investor meeting on 5 January 2026 at 3:00 PM IST. | [Analysts/Institutional Investor Meet/Con. Call Updates 25 December 2025 - One-to-one virtual investor meeting on 5 January 2026 at 3:00 PM IST.](https://nsearchives.nseindia.com/corporate/rockingdeals_25122025184654_inti.pdf) |
| 16 February 2026 - Feb 12, 2026: RDCEL's Dubai subsidiary partnered 50:50 with GRENEW FZE for e-waste recycling; GRENEW facility 10,000 sqm, 50,000 MT/year | [Arrangements for strategic, technical, manufacturing, or marketing tie up 16 February 2026 - Feb 12, 2026: RDCEL's Dubai subsidiary partnered 50:50 with GRENEW FZE for e-waste recycling; GRENEW facility 10,000 sqm, 50,000 MT/year](https://nsearchives.nseindia.com/corporate/rockingdeals_16022026160123_Intimation_for_Strategic_collab__1_.pdf) |
| 13 January 2026 - Corporate Governance Report not applicable for quarter ended 31 Dec 2025; exemption under Regulation 15(2). | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 13 January 2026 - Corporate Governance Report not applicable for quarter ended 31 Dec 2025; exemption under Regulation 15(2).](https://nsearchives.nseindia.com/corporate/rockingdeals_13012026140318_Non_appliability_certificate.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6fc4be45-e677-44aa-a98f-c91549dab6a7.pdf) |
| 2026-08-31 | [Annual General Meeting Notice Scheduled On 23Rd September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e88a6527-0bbb-41a1-9bbe-76b9f95c0813.pdf) |
| 2026-08-31 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d307c72-3fa3-4355-9c7d-00c45c694197.pdf) |
| 2026-08-24 | [Board Meeting Outcome for Outcome Of The Board Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58a1c9e1-6842-4e02-bf23-220fa31e9b28.pdf) |
| 2026-08-11 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D318410F_8885_47A2_95E1_6E1D363D31FA_173334.pdf) |
| 2026-07-28 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9D39ADA9_33A9_4011_9A62_1513C313BDAF_102813.pdf) |
| 2026-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0a4d1f6-835e-4536-b28f-5ab6709165cc.pdf) |
| 2026-05-27 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=F9F9CADA_62DE_482A_95B9_070731981DF5_171811.pdf) |
| 2026-05-23 | [Board Meeting Outcome for For Approval Of Financial Result As On 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59b1d154-d1ec-4a17-9554-f9e8207f29eb.pdf) |
| 2026-05-13 | [Board Meeting Intimation for Approval Of Audited Financial Results Of The Company For The Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bba6c45a-c446-410e-8c24-c63add3cae2c.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-23 | [Financial Result As On 31-03-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e38312a0-81e8-428e-9915-6701c2067a80.pdf) |
| 2025-11-14 | [Standalone And Consolidated Financial Result For Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8f2fb03-8d2e-4fdc-9bf8-03eba03ef6db.pdf) |
| 2025-11-14 | [Revised Standalone And Consolidated Financial Result For Half Year End 30 September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c71981e7-5572-44ff-93d1-c0568c8e6523.pdf) |
| 2025-05-24 | [Financial Result As On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1445a13-b9ef-484f-9f09-ed7c871a50ba.pdf) |
| 2024-11-11 | [Financial Result For Half Year Ended 30-09-2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0e3f963-4997-45db-b6ff-87605ace3ce2.pdf) |
| 2024-05-18 | [Financial Result 31-03-2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c89d5e3-6821-4948-90b5-da17107b72a7.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2025-11-18 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f747cf9d-a4ea-465e-98cb-ca43855be385.pdf) |
| 2025-05-31 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fdc974c-e0fa-43a6-b384-c2b0840ee359.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f747cf9d-a4ea-465e-98cb-ca43855be385.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/ROCKINGDCE_26112024120653_TranscriptH1.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4fdc974c-e0fa-43a6-b384-c2b0840ee359.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/ROCKINGDCE_03062024115747_IntimationregardingTranscriptofH2andFY24EarningsConferenceCall.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29118_ROCKINGDCE_2024_2025_A_12716460_17092025171647.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26314_ROCKINGDCE_2023_2024_A_05102024070034.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c308fc34-b272-4510-90dd-551ea534bef6.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3127f0c9-5e79-4955-99f2-4f28cda114dc.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:39:52.305Z.