National Plastic Industries Ltd
Incorporated in 1952, National Plastic Ltd is a manufacturer of homeware products including furniture, housewares and Matts[1]
- Market Cap ₹ 48.6 Cr.
- Current Price ₹ 53.2
- High / Low ₹ 72.0 / 44.9
- Stock P/E 8.78
- Book Value ₹ 48.6
- Dividend Yield 0.00 %
- ROCE 9.43 %
- ROE 9.46 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.10 times its book value
- Debtor days have improved from 65.3 to 45.1 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -3.22% over past five years.
- Company has a low return on equity of 8.74% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 75.96 | 83.53 | 97.22 | 94.35 | 103.58 | 111.60 | 114.19 | 76.45 | 82.64 | 112.00 | 98.38 | 96.95 | 99.99 | |
| 67.90 | 76.15 | 87.13 | 86.93 | 95.12 | 103.36 | 108.36 | 70.26 | 75.22 | 100.32 | 88.76 | 87.26 | 88.56 | |
| Operating Profit | 8.06 | 7.38 | 10.09 | 7.42 | 8.46 | 8.24 | 5.83 | 6.19 | 7.42 | 11.68 | 9.62 | 9.69 | 11.43 |
| OPM % | 10.61% | 8.84% | 10.38% | 7.86% | 8.17% | 7.38% | 5.11% | 8.10% | 8.98% | 10.43% | 9.78% | 9.99% | 11.43% |
| 0.40 | 0.37 | 0.13 | 0.45 | 1.73 | 1.32 | 1.89 | 0.67 | 0.31 | 0.34 | 0.72 | 0.57 | 0.62 | |
| Interest | 4.60 | 4.07 | 3.94 | 2.74 | 3.43 | 3.24 | 3.19 | 2.77 | 2.78 | 3.18 | 2.04 | 1.79 | 2.37 |
| Depreciation | 2.31 | 1.79 | 1.79 | 2.12 | 2.53 | 2.86 | 2.90 | 2.63 | 2.64 | 2.61 | 2.69 | 3.39 | 2.83 |
| Profit before tax | 1.55 | 1.89 | 4.49 | 3.01 | 4.23 | 3.46 | 1.63 | 1.46 | 2.31 | 6.23 | 5.61 | 5.08 | 6.85 |
| Tax % | 37.42% | 32.28% | 55.90% | 100.66% | 23.17% | 35.55% | -29.45% | -62.33% | -22.08% | 30.34% | 71.30% | 25.98% | |
| 0.97 | 1.28 | 1.98 | -0.02 | 3.25 | 2.23 | 2.11 | 2.38 | 2.83 | 4.34 | 1.62 | 3.75 | 5.54 | |
| EPS in Rs | 1.06 | 1.40 | 2.17 | -0.02 | 3.56 | 2.44 | 2.31 | 2.61 | 3.10 | 4.75 | 1.77 | 4.11 | 6.06 |
| Dividend Payout % | 0.00% | 71.33% | 46.11% | -4,565.00% | 28.09% | 40.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -3% |
| 3 Years: | 5% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 21% |
| 3 Years: | 12% |
| TTM: | 158% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 18% |
| 3 Years: | 9% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 9.13 |
| Reserves | 14.34 | 13.88 | 14.76 | 13.37 | 16.68 | 17.60 | 18.28 | 20.70 | 22.77 | 27.16 | 28.91 | 32.74 | 35.21 |
| 33.75 | 35.88 | 34.99 | 39.14 | 41.33 | 44.41 | 41.19 | 47.20 | 47.18 | 40.04 | 41.14 | 25.73 | 27.65 | |
| 18.35 | 15.09 | 18.31 | 22.48 | 18.26 | 25.56 | 26.28 | 17.02 | 15.04 | 18.01 | 20.19 | 14.54 | 14.54 | |
| Total Liabilities | 75.57 | 73.98 | 77.19 | 84.12 | 85.40 | 96.70 | 94.88 | 94.05 | 94.12 | 94.34 | 99.37 | 82.14 | 86.53 |
| 24.74 | 23.44 | 26.19 | 32.59 | 33.31 | 34.97 | 33.19 | 34.68 | 32.52 | 30.22 | 30.67 | 31.27 | 32.77 | |
| CWIP | 0.01 | 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 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 50.81 | 50.48 | 50.88 | 51.37 | 51.78 | 61.70 | 61.67 | 59.35 | 61.43 | 64.12 | 68.56 | 49.79 | 53.76 | |
| Total Assets | 75.57 | 73.98 | 77.19 | 84.12 | 85.40 | 96.70 | 94.88 | 94.05 | 94.12 | 94.34 | 99.37 | 82.14 | 86.53 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.11 | 2.09 | 0.00 | -8.12 | 5.57 | 6.08 | 7.48 | 10.02 | 2.93 | 10.39 | 16.63 | 10.22 | |
| -1.82 | -0.65 | 0.00 | -3.34 | -3.42 | -4.86 | -0.47 | -4.08 | -0.59 | -1.10 | -3.01 | -4.33 | |
| -1.96 | -1.61 | 0.00 | 9.23 | -2.46 | -1.00 | -7.06 | -3.80 | -2.20 | -9.35 | -1.24 | -18.16 | |
| Net Cash Flow | 0.33 | -0.17 | 0.00 | -2.23 | -0.32 | 0.22 | -0.06 | 2.14 | 0.13 | -0.06 | 12.38 | -12.27 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81.74 | 70.05 | 70.54 | 74.47 | 67.55 | 80.39 | 89.24 | 99.69 | 91.25 | 83.56 | 67.38 | 45.06 |
| Inventory Days | 153.54 | 146.22 | 130.50 | 131.89 | 121.05 | 132.13 | 101.72 | 193.85 | 207.29 | 134.51 | 159.48 | 148.30 |
| Days Payable | 95.98 | 58.45 | 79.71 | 70.21 | 49.56 | 58.41 | 56.48 | 64.59 | 39.61 | 36.46 | 39.19 | 17.17 |
| Cash Conversion Cycle | 139.29 | 157.82 | 121.34 | 136.15 | 139.04 | 154.12 | 134.49 | 228.95 | 258.93 | 181.60 | 187.67 | 176.19 |
| Working Capital Days | 34.60 | 17.96 | 14.94 | 10.72 | 20.09 | 29.99 | 29.02 | 37.62 | 70.71 | 73.42 | 36.69 | 69.24 |
| ROCE % | 11.17% | 10.37% | 14.43% | 9.54% | 11.93% | 9.91% | 5.95% | 6.76% | 6.32% | 12.06% | 9.84% | 9.43% |
Documents
Announcements
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Unaudited Financial Results For The Quarter And Nine Months Ending 31.12.2025
6 Feb - Approved unaudited Q3 and nine-month results (ended 31 Dec 2025); unqualified limited review; recommended Vipul Desai reappointment 11 Feb 2026.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On 06-02-2026
6 Feb - Q3/9M FY26 unaudited results approved; unqualified limited review; recommended Vipul Desai reappointment from 11 Feb 2026.
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Report On Re-Lodgment Of Share Transfer Request Of Physical Shares During The Special Window Period For December -2025
27 Jan - Dec 2025: 1 transfer request received and processed; average processing time 27 days.
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Report On Re-Lodgment Of Share Transfer Request Of Physical Shares During The Special Window Period Of November , 2025
27 Jan - No physical share transfer requests received/processed for November 2025 under SEBI special window.
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Board Meeting Intimation for Consider And Approve Unaudited Financial Results For The Quarter And Nine Months Ended 31-12-2025 Along With Limited Review Issued By The S.A Along With Other Items
20 Jan - Board meets Feb 6, 2026 to approve unaudited Q3 and nine-month results for Dec 31, 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
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