TPL PLASTECH LIMITED was incorporated in the year in 1995, and it grown steadily ever since to become the second largest manufacturer of drums, especially Bulk Packaging i.e. 210 Ltr to 250 Ltr capacities. Today, the company’s portfolio consists of a comprehensive range of narrow mouth, wide mouth and open top drums ranging from 25 Ltr to 250 Ltr capacity.
The company focuses on Corporate Governance as a major driver of sustainable corporate growth and a powerful means to achieve the company’s goal of maximizing value for all its stakeholders. Strong corporate governance strengthens investors’ trust and facilitates the company to fulfill its commitment towards the customers, employees and the society in general.
It is the strong Fundamentals of the company and its belief in corporate governance that has taken the TPL Plastech share price on a high ride today.The stock has gained over 7 per cent in the morning trade today to trade at the intraday high of Rs. 444.90 at NSE.
The company had posted an almost flat net profit for the September quarter of the ongoing financial year, but the year on year growth in its EPS is evident. In the Q2FY16, the company had posted the EPS of Rs. 3.02 while in Q2FY17 the EPS had grown to Rs. 3.47. The EPS growth is clearly indicating that the company has gained profitability in a year’s time. There is also a little rise in its employee cost in Q2FY17 indicating they have paid higher to their employees or have hired some.
TPL Plastech share price had been on an upward spree for over a month now. From 23rd November till today, the stock has gained a stunning 37 per cent from Rs. 323 to Rs. 444.10 at which it was trading at 11:53 AM. For more details on the stock, kindly drop by at TPL Plastech share price history of Dynamic Levels website
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