National Plastic Industries Ltd

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National Plastic Industries Ltd

₹ 39.5 -1.30%
15 Sep - close price
nationalplastic.com BSE: 526616
About

National Plastic Industries Ltd is the listed Parekh-family company behind the “National” brand, with business roots dating to 1952. It manufactures injection-moulded plastic furniture, household/commercial products and PVC mats from Silvassa, Patna and Nellore. [1]

Key Points

Business Overview:[1][2]
Company is a manufacturer of house-ware products and exporter of plastic furniture. Company markets its products under the brand name NATIONAL and its products are available across 36 countries including America, Australia, etc. It also deals in PVC Flooring Mats which are under the brand name INSTA

Website BSE
  • Market Cap ₹ 36.0 Cr.
  • Current Price ₹ 39.5
  • High / Low ₹ 61.8 / 37.0
  • Stock P/E 11.1
  • Book Value ₹ 49.9
  • Dividend Yield 0.00 %
  • ROCE 12.4 %
  • ROE 7.92 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.79 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 6.15% over past five years.
  • Company has a low return on equity of 7.33% over last 3 years.

* 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

Industrials Capital Goods Industrial Products Plastic Products - Industrial

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
19.12 21.99 26.37 30.91 24.32 21.18 27.30 24.15 21.97 22.76 31.11 27.18 15.52
17.43 20.06 24.30 27.00 22.81 19.50 24.89 20.98 19.96 19.95 27.67 24.87 13.79
Operating Profit 1.69 1.93 2.07 3.91 1.51 1.68 2.41 3.17 2.01 2.81 3.44 2.31 1.73
OPM % 8.84% 8.78% 7.85% 12.65% 6.21% 7.93% 8.83% 13.13% 9.15% 12.35% 11.06% 8.50% 11.15%
0.02 0.02 0.02 0.66 0.02 0.02 0.02 0.56 0.02 0.02 0.02 0.75 0.02
Interest 0.60 0.52 0.41 0.51 0.32 0.42 0.33 0.71 0.51 0.52 0.63 0.38 0.41
Depreciation 0.65 0.66 0.70 0.65 0.60 0.62 0.63 0.68 0.66 0.69 0.80 0.74 0.72
Profit before tax 0.46 0.77 0.98 3.41 0.61 0.66 1.47 2.34 0.86 1.62 2.03 1.94 0.62
Tax % 0.00% 0.00% 0.00% 117.30% 0.00% 0.00% 0.00% 56.41% 0.00% 0.00% 0.00% 154.12% 0.00%
0.45 0.76 0.98 -0.58 0.61 0.65 1.47 1.02 0.86 1.62 2.04 -1.05 0.63
EPS in Rs 0.49 0.83 1.07 -0.64 0.67 0.71 1.61 1.12 0.94 1.77 2.23 -1.15 0.69
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
83.53 97.22 94.35 103.58 111.60 114.19 76.45 82.64 112.00 98.38 96.95 103.03 96.57
76.15 87.13 86.93 95.12 103.36 108.36 70.26 75.22 100.32 88.76 87.28 91.64 86.28
Operating Profit 7.38 10.09 7.42 8.46 8.24 5.83 6.19 7.42 11.68 9.62 9.67 11.39 10.29
OPM % 8.84% 10.38% 7.86% 8.17% 7.38% 5.11% 8.10% 8.98% 10.43% 9.78% 9.97% 11.06% 10.66%
0.37 0.13 0.45 1.73 1.32 1.89 0.67 0.31 0.34 0.72 0.57 0.81 0.81
Interest 4.07 3.94 2.74 3.43 3.24 3.19 2.77 2.78 3.18 2.04 1.79 2.03 1.94
Depreciation 1.79 1.79 2.12 2.53 2.86 2.90 2.63 2.64 2.61 2.69 3.37 3.73 2.95
Profit before tax 1.89 4.49 3.01 4.23 3.46 1.63 1.46 2.31 6.23 5.61 5.08 6.44 6.21
Tax % 32.28% 55.90% 100.66% 23.17% 35.55% -29.45% -62.33% -22.08% 30.34% 71.30% 25.98% 46.43%
1.28 1.98 -0.02 3.25 2.23 2.11 2.38 2.83 4.34 1.62 3.75 3.46 3.24
EPS in Rs 1.40 2.17 -0.02 3.56 2.44 2.31 2.61 3.10 4.75 1.77 4.11 3.79 3.54
Dividend Payout % 71.33% 46.11% -4,565.00% 28.09% 40.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 1%
5 Years: 6%
3 Years: -3%
TTM: 2%
Compounded Profit Growth
10 Years: 6%
5 Years: 2%
3 Years: -7%
TTM: -19%
Stock Price CAGR
10 Years: -3%
5 Years: 1%
3 Years: -12%
1 Year: -33%
Return on Equity
10 Years: 8%
5 Years: 9%
3 Years: 7%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9.13 9.13 9.13 9.13 9.13 9.13 9.13 9.13 9.13 9.13 9.13 9.13
Reserves 13.88 14.76 13.37 16.68 17.60 18.28 20.70 22.77 27.16 28.91 32.74 36.40
35.88 34.99 39.14 41.33 44.41 41.19 47.20 47.18 40.04 41.14 25.73 24.07
15.09 18.31 22.48 18.26 25.56 26.28 17.02 15.04 18.01 20.19 14.54 12.35
Total Liabilities 73.98 77.19 84.12 85.40 96.70 94.88 94.05 94.12 94.34 99.37 82.14 81.95
23.44 26.19 32.59 33.31 34.97 33.19 34.68 32.52 30.22 30.67 31.27 32.09
CWIP 0.05 0.11 0.15 0.30 0.02 0.01 0.01 0.17 0.00 0.14 1.08 0.00
Investments 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00
50.48 50.88 51.37 51.78 61.70 61.67 59.35 61.43 64.12 68.56 49.79 49.86
Total Assets 73.98 77.19 84.12 85.40 96.70 94.88 94.05 94.12 94.34 99.37 82.14 81.95

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2.09 0.00 -8.12 5.57 6.08 7.48 10.02 2.93 10.39 16.63 10.22 3.53
-0.65 0.00 -3.34 -3.42 -4.86 -0.47 -4.08 -0.59 -1.10 -3.01 -4.33 -4.90
-1.61 0.00 9.23 -2.46 -1.00 -7.06 -3.80 -2.20 -9.35 -1.24 -18.16 1.14
Net Cash Flow -0.17 0.00 -2.23 -0.32 0.22 -0.06 2.14 0.13 -0.06 12.38 -12.27 -0.24
Free Cash Flow 0.57 0.00 -8.26 2.10 1.05 6.51 5.14 0.63 9.17 13.59 5.87 -1.39
CFO/OP 28% 0% -97% 66% 74% 128% 162% 39% 89% 173% 106% 31%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 70.05 70.54 74.47 67.55 80.39 89.24 99.69 91.25 83.56 67.38 45.06 43.26
Inventory Days 146.22 130.50 131.89 121.05 132.13 101.72 193.85 207.29 134.51 159.48 148.30 156.57
Days Payable 58.45 79.71 70.21 49.56 58.41 56.48 64.59 39.61 36.46 39.19 17.17 15.66
Cash Conversion Cycle 157.82 121.34 136.15 139.04 154.12 134.49 228.95 258.93 181.60 187.67 176.19 184.17
Working Capital Days 17.96 14.94 10.72 20.09 29.99 29.02 37.62 70.71 73.42 36.69 69.24 82.69
ROCE % 10.37% 14.43% 9.54% 11.93% 9.91% 5.95% 6.76% 6.32% 12.06% 9.84% 9.43% 12.35%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Export Share of Sales
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Number of Permanent Employees
count
Capacity Utilization
%
Installed Capacity
MTPA
Top 5 Customer Concentration
%
Moulded Plastic Revenue Share
%
Order Book
Rs crore
Selling Price per kg
Rs/kg

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66%
43.34% 43.34% 43.35% 43.34% 43.34% 43.33% 43.34% 43.33% 43.35% 43.34% 43.34% 43.33%
No. of Shareholders 9,0598,7299,8269,7019,6189,1879,1139,0658,9458,3998,3348,273

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