Plastic Company Stocks: Which Are the Best Plastic Companies to Invest in India?

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Plastic Company Stocks: Which Are the Best Plastic Companies in India?

Plastic Company Stocks: An Overview

Investors keep looking for opportunities in the stock market to earn lucrative returns. Generally, they keep looking for investing in sector stocks that are likely to grow in the coming years. If you are into the stock market for many years then you might have noticed that there are some years when a particular sector does better than other sectors. 

For example, Electric vehicle stock prices are increasing tremendously due to growth in the EV market in India. However, investing in sector-specific stocks can be risky if you have not diversified your portfolio into different asset classes. Understand your investment objectives, risk appetite, and timeline of your investment before investing in any financial instrument. In this article, we are going to learn about plastic products company, plastic company share prices, the top plastic company in India, and how to invest in plastic stocks

Best Plastic Companies in India

Plastic manufacturing company in India have grown significantly in the Indian market and are likely to grow in the coming years. There is no sector in the country that is not using plastic and this is the reason the Indian plastic market is enjoying a valuation of around $36.07 Bn (2020). Our life is surrounded by plastics, from water bottles to furniture, and it is deeply rooted in our lives. According to experts, the plastic products company's stock price is expected to grow in the coming years.  Hence, more investors are preferring to invest in plastic company stocks to earn maximum returns. It is advised that you should use various financial metrics such as P/E ratio, ROCE, Debt to equity ratio, Market capitalization, CAGR, etc to find out the right plastic stocks. 

How to invest in the top plastic stocks?

  1. The first and foremost thing you need to do is open your Demat and trading account. Demat account will help you to store your securities in electronic form. 
  2. Open your Demat account from a broker that suits your investment needs. If you are new to the stock market, then you should open your Demat account from a full-service broker as they provide investment advice and if you have experience in investing in the stock market then you should opt for a discount broker. 
  3. Fill out the form and then you will be required to submit your essential documents such as identity proof, address proof, bank details, PAN card details, bank account statement for the last 6 months, and income proof to complete the KYC process. 
  4. Once the KYC verification is done, you will receive a unique client ID to log in to your Demat account. Make sure that you add your bank account details to add funds. 
  5. Understand how the stock market works, how to research the fundamentals of the company, and check financial metrics.  You can opt for taking stock market courses from E-learning platforms like Udemy and Coursera to improve your knowledge of the workings of the financial market. 
  6. You can earn maximum returns by investing in the top-performing stocks of plastic company in India. You can find out top-performing plastic shares by using various stock screener websites such as Screener. In, Ticker Tape and money control. However, it is essential to find the right sector stocks that are likely to grow in the coming years. You can prefer investing in plastic sector funds if you do not have enough time to research plastic stocks. 
  7. Do not over allocate your money in a single sector rather you should diversify your portfolio across different assets to reduce the risks. 

Best Plastics Stocks in India

Company nameMarket Cap (Rs. Cr. )ROCE (%)P/EDiv YLD
Supreme Industries25644.2134.6225.321.20
VIP Industries9779.0112.9179.390.36
Prince pipes6374.4027.5725.740.61
Finolex Industries8494.3327.4011.851.46
Safari Industries4137.2816.7078.420.05
Jai Corp3637.664.4865.950.24
Responsive Industries3723.432.38NA0.07
Nilkamal Ltd3035.269.4027.540.74
Time Technoplast2416.3612.2211.820.95
Mold-Tek Pack2825.7123.0738.550.94
Jain Irrigation 2226.283.86NA0.00
Apollo Pipes2,02616.840.920.91
Mitsu Chem Plast Ltd35219.627.20.07
Sintex Plastics Technology Ltd217-12.4NA0.00
Shaily Engineer1704.5213.9949.400.00
XPRO India1255.2023.9821.490.18
Kingfa Science1372.1116.3336.060.00
Wim Plast 604.9711.9914.611.60

(Data as of 11th October 2022)

Disclaimer: The securities quoted are exemplary and not recommendatory. Past performance is not indicative of future returns

To conclude, investing in plastics stocks can help you earn profits in the near future because the Indian plastic industry is expected to grow twice in the next 6 to 7 years. You can invest in the top 20 plastic company in India for the long term. However, you should do proper research on the stocks fundamentals, financial ratios, sales, profit, balance sheet, and cash flow to make informed decisions. 

This is not an investment advisory. The blog is for information purposes only. Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, goal, time frame, risk and reward balance, and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs. The performance and returns of any investment portfolio can neither be predicted nor guaranteed. 

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