OK Play India Ltd

OK Play India Ltd

₹ 212 1.17%
23 Feb - close price
About

OK Play India Ltd is engaged in manufacturing of plastic molded products such as toys, school furniture, infrastructure & automotive products and others.[1]

Key Points

Segments
The company has 2 segments:
- Toys: includes diverse range of plastic toys, school furniture, playground equipment
- Automotive Components: fuel tanks, bus seats, cabin roofs and cabin interior parts. [1]

During FY23, automotive components contributed 65-70% of revenue and toys was 30% [2].

  • Market Cap 615 Cr.
  • Current Price 212
  • High / Low 215 / 74.1
  • Stock P/E
  • Book Value 27.8
  • Dividend Yield 0.00 %
  • ROCE 11.3 %
  • ROE -5.59 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 7.61 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -4.33%
  • Company has a low return on equity of -13.2% over last 3 years.
  • Promoters have pledged 79.4% of their holding.
  • Company's cost of borrowing seems high

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
29.00 39.89 13.84 18.91 27.21 41.19 41.12 40.09 46.99 53.26 43.25 40.31 40.93
23.11 26.54 15.15 16.23 23.35 31.94 36.88 33.35 35.31 43.71 36.43 32.42 32.43
Operating Profit 5.89 13.35 -1.31 2.68 3.86 9.25 4.24 6.74 11.68 9.55 6.82 7.89 8.50
OPM % 20.31% 33.47% -9.47% 14.17% 14.19% 22.46% 10.31% 16.81% 24.86% 17.93% 15.77% 19.57% 20.77%
0.11 0.02 -0.04 0.05 0.06 1.06 -0.11 0.02 -0.03 0.14 0.01 0.10 0.01
Interest 9.82 1.85 3.09 3.45 3.47 3.16 3.90 4.84 4.41 4.01 3.31 4.31 3.56
Depreciation 2.64 2.62 3.44 3.30 2.71 3.60 3.34 2.98 2.98 2.92 2.98 3.03 3.20
Profit before tax -6.46 8.90 -7.88 -4.02 -2.26 3.55 -3.11 -1.06 4.26 2.76 0.54 0.65 1.75
Tax % 0.00% -11.80% 0.00% 0.00% 0.00% -81.69% 0.00% -22.64% -5.16% 173.55% 31.48% 36.92% 38.86%
-6.45 9.95 -7.88 -4.03 -2.26 6.45 -3.12 -1.30 4.49 -2.03 0.36 0.41 1.07
EPS in Rs -3.45 5.21 -4.09 -2.13 -1.17 3.35 -1.62 -0.68 2.34 -1.06 0.16 0.15 0.37
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
41 61 107 66 102 79 138 153 76 90 98 175 178
34 47 91 76 83 61 107 113 62 72 84 142 145
Operating Profit 7 14 15 -10 20 17 31 40 14 18 14 32 33
OPM % 17% 23% 14% -15% 19% 22% 22% 26% 19% 20% 15% 18% 18%
-5 -4 -3 21 -9 2 -6 -2 2 0 1 0 0
Interest 6 7 11 11 14 13 14 16 15 17 13 17 15
Depreciation 6 6 7 4 4 5 6 8 10 10 13 12 12
Profit before tax -10 -2 -5 -4 -6 1 4 14 -9 -9 -11 3 6
Tax % 27% 9% -65% 38% 39% 93% 43% 56% 58% 12% 27% 168%
-7 -2 -9 -3 -4 0 2 6 -4 -8 -8 -2 -0
EPS in Rs -4.61 -1.31 -5.22 -1.50 -2.21 0.04 1.20 3.25 -1.85 -4.18 -4.04 -1.02 -0.38
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 5%
3 Years: 32%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 7%
TTM: -102%
Stock Price CAGR
10 Years: 22%
5 Years: 39%
3 Years: 120%
1 Year: 160%
Return on Equity
10 Years: -3%
5 Years: -5%
3 Years: -13%
Last Year: -6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 17 17 18 18 19 19 19 19 19 19 19 26
Reserves 21 20 11 11 7 17 17 39 36 28 20 17 54
81 88 89 103 102 108 124 122 128 126 139 143 84
19 25 30 18 36 40 44 38 42 62 59 60 95
Total Liabilities 137 149 148 150 163 184 205 219 225 236 237 239 260
46 53 51 52 56 76 88 116 120 123 123 119 120
CWIP 2 0 3 5 14 9 14 0 1 1 1 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
90 96 93 93 94 99 102 103 104 112 114 120 139
Total Assets 137 149 148 150 163 184 205 219 225 236 237 239 260

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2 5 19 -22 20 23 20 37 26 29 7 20
-5 -21 -6 -7 -17 -20 -23 -23 -15 -13 -12 -8
1 21 -18 22 -4 -2 4 -14 -12 -16 5 -13
Net Cash Flow -7 5 -5 -6 -0 1 0 0 -1 1 -1 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 171 210 96 162 141 140 61 44 45 43 47 34
Inventory Days 437 296 165 142 176 461 274 237 516 634 612 415
Days Payable 103 170 76 98 104 218 106 57 91 197 195 133
Cash Conversion Cycle 505 335 184 206 213 384 229 224 470 480 464 316
Working Capital Days 397 196 122 288 84 107 130 93 174 12 12 41
ROCE % 1% 7% 7% 7% 12% 10% 18% 19% 4% 5% 2% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 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% 35.53%
No. of Shareholders 9,32610,02410,09210,34710,91610,87710,41610,06411,43811,54012,78212,783

* 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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