Wim Plast Ltd

Wim Plast Ltd

₹ 518 -0.13%
19 Apr - close price
About

Wim Plast is engaged in the Business of Plastic Articles. The company's brand “CELLO” is preferred in plastic consumer items, known for its quality and wide range of products for more than four decades. The Company is being innovative and regularly adds new products in all categories including Seating Systems, School Furniture, Horeca, Cabinets, Kid’s furniture etc.

Key Points

Wide Product Range Under Cello Brand
The company has a diversified product range including moulded furniture, air cooler, Bubble Guard Board, Industrial plastic wares and pallet products under the brand name Cello. [1]

  • Market Cap 622 Cr.
  • Current Price 518
  • High / Low 778 / 430
  • Stock P/E 11.8
  • Book Value 384
  • Dividend Yield 1.64 %
  • ROCE 13.0 %
  • ROE 9.73 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.5%

Cons

  • The company has delivered a poor sales growth of -3.14% over past five years.
  • Company has a low return on equity of 9.09% over last 3 years.
  • Earnings include an other income of Rs.21.5 Cr.
  • Promoter holding has decreased over last 3 years: -13.9%

* 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

Loading peers table ...

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
77 102 50 88 86 95 81 80 80 91 78 80 87
59 79 44 73 72 77 67 66 65 73 63 66 72
Operating Profit 18 23 6 15 15 17 14 13 14 17 15 13 15
OPM % 24% 22% 12% 17% 17% 18% 17% 17% 18% 19% 19% 17% 17%
3 0 2 3 3 3 2 3 2 4 4 9 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 5 4 4 4 4 4 4 4 4 3 3 3 3
Profit before tax 17 19 4 13 13 16 12 13 13 17 16 19 17
Tax % 26% 22% 25% 25% 25% 27% 25% 25% 26% 24% 25% 23% 25%
12 14 3 10 10 12 9 10 10 13 12 15 13
EPS in Rs 10.36 11.95 2.37 8.42 8.41 9.94 7.60 8.12 8.01 11.01 9.96 12.18 10.71
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
352 388 373 322 268 319 331 335
269 307 298 255 215 267 272 275
Operating Profit 82 81 74 67 53 52 59 60
OPM % 23% 21% 20% 21% 20% 16% 18% 18%
2 2 2 8 7 11 11 21
Interest 0 0 0 0 0 0 0 0
Depreciation 12 15 17 18 18 16 14 12
Profit before tax 73 67 59 56 42 47 56 69
Tax % 33% 34% 34% 19% 25% 26% 25%
49 44 39 45 32 35 42 53
EPS in Rs 40.47 37.10 32.70 37.55 26.75 29.13 34.73 43.86
Dividend Payout % 17% 19% 21% 19% 19% 27% 24%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: 1%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: -1%
3 Years: -2%
TTM: 31%
Stock Price CAGR
10 Years: 5%
5 Years: -1%
3 Years: 8%
1 Year: 16%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 9%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 12 12 12 12
Reserves 250 285 314 339 371 400 432 448
0 0 0 0 1 1 0 0
41 46 38 42 42 33 43 56
Total Liabilities 303 342 364 393 425 446 486 516
113 125 135 128 117 102 77 76
CWIP 0 0 0 1 0 0 0 0
Investments 24 18 39 80 120 150 156 159
166 199 190 183 189 194 254 281
Total Assets 303 342 364 393 425 446 486 516

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
49 25 51 68 40 26 63
-60 -19 -46 -47 -38 -21 -55
0 -10 -10 -21 -0 -6 -10
Net Cash Flow -11 -5 -5 -0 2 -1 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 53 64 75 75 92 82 82
Inventory Days 153 170 168 214 257 199 179
Days Payable 27 24 22 29 35 23 32
Cash Conversion Cycle 179 210 221 261 314 258 229
Working Capital Days 118 144 153 162 198 180 214
ROCE % 24% 19% 16% 12% 12% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.91% 69.91% 63.17% 63.17% 55.72% 55.72% 55.73% 55.96% 55.99% 55.99% 55.99% 55.99%
6.44% 4.63% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82%
23.65% 25.46% 33.01% 33.01% 40.46% 40.45% 40.45% 40.22% 40.18% 40.19% 40.19% 40.18%
No. of Shareholders 9,76410,71510,51210,18310,1949,9779,4979,2199,1458,3709,0468,994

* 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.

Documents