OK Play India Ltd

OK Play India Ltd

₹ 14.3 1.70%
24 Apr 2:30 p.m.
About

Incorporated in 1988, OK Play India Ltd manufactures plastic molded products,
ranging from automotive components
to children playground equipment[1]

Key Points

Business Overview:[1][2]
OKPIL is an ISO 14001:2015 and ISO 45001:2018 certified largest Homegrown Toys Brand in India. It deals in Indoor Toys and Outdoor Play Equipment, School Furniture and Healthcare Products. OK Play is an acquired brand of OK Play UK, London. Company sells products under
its brand name – OK Play. It uses Roto Moulding, Blow Moulding, and Injection
Moulding techniques for their plastic moulded
products

  • Market Cap 416 Cr.
  • Current Price 14.3
  • High / Low 21.5 / 9.35
  • Stock P/E 58.3
  • Book Value 4.18
  • Dividend Yield 0.00 %
  • ROCE 12.0 %
  • ROE 8.21 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 91.2 to 40.4 days.

Cons

  • Stock is trading at 3.47 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.70%
  • Company has a low return on equity of -9.31% over last 3 years.
  • Promoters have pledged 81.4% of their holding.
  • Earnings include an other income of Rs.11.6 Cr.
  • Working capital days have increased from 77.8 days to 172 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
31.38 10.05 13.29 19.67 29.05 29.56 28.83 34.95 39.46 33.80 29.53 33.36 48.38
20.32 12.13 12.52 17.54 22.29 26.85 25.09 26.15 31.72 29.17 24.46 30.84 42.65
Operating Profit 11.06 -2.08 0.77 2.13 6.76 2.71 3.74 8.80 7.74 4.63 5.07 2.52 5.73
OPM % 35.25% -20.70% 5.79% 10.83% 23.27% 9.17% 12.97% 25.18% 19.61% 13.70% 17.17% 7.55% 11.84%
1.50 0.31 -0.25 1.45 2.76 1.09 1.10 1.22 -3.38 1.03 1.17 2.85 6.58
Interest 1.61 2.90 3.23 3.24 2.44 3.66 4.52 3.81 3.63 3.04 3.89 3.32 3.47
Depreciation 2.21 3.02 2.88 2.28 3.18 2.12 1.75 1.75 1.71 1.77 1.81 1.96 2.91
Profit before tax 8.74 -7.69 -5.59 -1.94 3.90 -1.98 -1.43 4.46 -0.98 0.85 0.54 0.09 5.93
Tax % -19.79% 0.00% 0.00% 0.00% -79.49% 0.00% 0.00% 0.00% -406.12% 0.00% 0.00% 0.00% 27.99%
10.48 -7.69 -5.59 -1.94 7.00 -1.98 -1.43 4.47 -4.96 0.85 0.54 0.09 4.26
EPS in Rs 0.55 -0.40 -0.29 -0.10 0.36 -0.10 -0.07 0.23 -0.26 0.04 0.02 0.00 0.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
61 103 55 94 65 105 116 62 66 69 127 145
47 85 67 75 51 82 88 52 52 62 104 127
Operating Profit 14 18 -12 19 14 23 28 11 13 8 23 18
OPM % 23% 18% -21% 20% 22% 22% 24% 17% 20% 11% 18% 12%
-4 -3 21 -9 1 -4 2 4 3 4 0 12
Interest 7 8 9 11 11 13 15 14 16 12 16 14
Depreciation 5 6 3 3 3 5 7 8 9 11 7 8
Profit before tax -2 1 -2 -4 1 1 8 -8 -9 -11 0 7
Tax % 7% 459% 29% 48% 51% -12% 62% 64% 20% 27% 4,975% 22%
-2 -4 -2 -2 1 1 3 -3 -7 -8 -4 6
EPS in Rs -0.13 -0.24 -0.09 -0.11 0.03 0.04 0.15 -0.14 -0.36 -0.43 -0.20 0.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 5%
3 Years: 30%
TTM: 14%
Compounded Profit Growth
10 Years: 12%
5 Years: 13%
3 Years: 45%
TTM: 146%
Stock Price CAGR
10 Years: 16%
5 Years: 30%
3 Years: 83%
1 Year: 50%
Return on Equity
10 Years: -3%
5 Years: -9%
3 Years: -9%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 17 17 18 18 19 19 19 19 19 19 19 29
Reserves 20 16 17 15 26 24 43 40 33 25 20 92
68 70 84 83 91 113 111 121 119 129 133 77
23 28 16 30 35 37 33 35 54 47 50 64
Total Liabilities 128 131 135 146 170 193 206 215 225 219 222 262
32 29 32 37 57 69 96 100 104 71 71 94
CWIP 0 3 4 13 8 14 0 0 0 0 0 0
Investments 8 8 8 8 8 8 8 8 8 48 48 48
89 91 91 89 97 101 102 107 113 101 103 120
Total Assets 128 131 135 146 170 193 206 215 225 219 222 262

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 16 -18 17 69 11 32 21 29 -10 15 2
-2 -4 -7 -16 -19 -23 -20 -12 -12 -13 -8 -32
1 -16 18 -1 -48 11 -12 -10 -17 22 -8 31
Net Cash Flow 4 -4 -6 -0 1 0 0 -1 0 -0 -1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 209 96 189 149 163 75 53 59 48 143 91 40
Inventory Days 261 166 152 170 498 317 356 796 743 591 401 205
Days Payable 155 72 103 87 221 92 86 138 213 223 147 19
Cash Conversion Cycle 316 190 238 232 440 300 323 718 578 510 344 227
Working Capital Days 182 147 366 123 182 212 147 284 74 20 41 172
ROCE % 8% 12% 7% 14% 9% 15% 15% 4% 4% 0% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.72% 59.72% 59.72% 59.72% 59.72% 59.72% 59.92% 59.92% 51.83% 49.14% 45.52% 44.82%
0.02% 0.08% 0.15% 0.34% 0.34% 0.34% 0.34% 0.19% 13.51% 19.64% 19.95% 19.64%
0.03% 0.02% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.02% 0.02% 0.02%
40.23% 40.18% 40.10% 39.91% 39.91% 39.92% 39.71% 39.86% 34.64% 31.18% 34.50% 35.54%
No. of Shareholders 9,32610,02410,09210,34710,91610,87710,41610,06411,43811,54012,78220,407

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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