Prima Plastics Ltd

Prima Plastics Ltd

₹ 147 -1.70%
01 Jul - close price
About

Incorporated in 1993, Prima Plastics Ltd manufactures and sells Plastic Articles and related products[1]

Key Points

Business Overview:[1]
PPL is a manufacturer & exporter of Plastic Products. It is certified with ISO 9001, ISO 14001, and OHSAS 18001 and is titled One Star Export House by the Ministry of Commerce and Industry DGFT Govt. Of India. Company is one of the largest suppliers of Waste Management Products under the Swachh Bharat Abhiyan to various municipal bodies in India.

  • Market Cap 162 Cr.
  • Current Price 147
  • High / Low 206 / 118
  • Stock P/E 38.6
  • Book Value 68.5
  • Dividend Yield 1.36 %
  • ROCE 9.00 %
  • ROE 5.71 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 49.1%

Cons

  • The company has delivered a poor sales growth of 5.98% over past five years.
  • Company has a low return on equity of 5.91% over last 3 years.
  • Earnings include an other income of Rs.7.74 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
33.02 22.70 36.08 43.12 36.90 27.89 29.65 29.69 32.02 27.19 31.76 36.60 36.40
31.71 23.48 32.76 38.65 32.52 26.08 28.69 27.67 28.82 26.19 31.14 33.57 34.56
Operating Profit 1.31 -0.78 3.32 4.47 4.38 1.81 0.96 2.02 3.20 1.00 0.62 3.03 1.84
OPM % 3.97% -3.44% 9.20% 10.37% 11.87% 6.49% 3.24% 6.80% 9.99% 3.68% 1.95% 8.28% 5.05%
0.14 0.14 0.13 0.23 2.49 0.03 0.02 0.08 4.21 0.04 0.22 3.85 3.73
Interest 0.80 0.81 1.09 1.14 1.26 0.87 0.91 0.83 0.90 0.82 0.92 1.10 0.99
Depreciation 0.84 1.01 1.12 1.17 2.16 1.30 1.15 1.14 1.12 1.12 1.12 1.09 1.04
Profit before tax -0.19 -2.46 1.24 2.39 3.45 -0.33 -1.08 0.13 5.39 -0.90 -1.20 4.69 3.54
Tax % 63.16% 3.66% -58.06% 35.15% -1.16% -24.24% -25.00% 53.85% 10.95% -13.33% -25.00% 34.33% 21.75%
-0.31 -2.54 1.95 1.55 3.49 -0.25 -0.81 0.06 4.81 -0.77 -0.90 3.09 2.78
EPS in Rs -0.28 -2.31 1.77 1.41 3.17 -0.23 -0.74 0.05 4.37 -0.70 -0.82 2.81 2.53
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
76 84 90 84 94 111 99 92 111 139 119 132
70 79 79 75 85 105 92 85 107 127 111 125
Operating Profit 6 4 10 9 10 7 6 6 3 12 8 7
OPM % 8% 5% 12% 11% 10% 6% 7% 7% 3% 8% 7% 5%
1 2 4 6 4 5 1 4 0 3 4 8
Interest 1 1 0 1 1 2 2 1 2 4 4 4
Depreciation 2 1 2 1 1 2 3 3 3 5 5 4
Profit before tax 4 4 12 14 10 7 2 5 -2 5 4 6
Tax % 22% 20% 20% 28% 28% 20% 14% 21% 2% 4% 7% 32%
3 3 10 10 8 5 2 4 -2 4 4 4
EPS in Rs 2.90 3.13 8.75 8.94 6.85 4.97 1.80 3.95 -1.56 4.05 3.46 3.81
Dividend Payout % 34% 48% 23% 22% 29% 20% 56% 38% 0% 37% 58% 53%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: 6%
TTM: 11%
Compounded Profit Growth
10 Years: 2%
5 Years: 17%
3 Years: 65%
TTM: 10%
Stock Price CAGR
10 Years: 11%
5 Years: 28%
3 Years: 22%
1 Year: -20%
Return on Equity
10 Years: 8%
5 Years: 4%
3 Years: 6%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 32 31 38 48 53 56 55 59 56 60 60 64
10 4 1 5 28 31 21 23 52 42 35 40
9 8 7 6 7 7 8 7 9 15 15 18
Total Liabilities 61 54 57 70 99 104 95 100 128 129 121 133
12 11 10 20 25 25 25 25 27 49 46 45
CWIP 0 0 0 0 0 0 0 3 16 0 1 1
Investments 2 2 2 4 4 4 4 4 4 4 4 4
47 41 45 47 70 75 65 68 80 75 69 83
Total Assets 61 54 57 70 99 104 95 100 128 129 121 133

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-3 7 7 -1 -17 -0 19 3 -8 21 16 -2
0 2 3 -7 -3 3 -1 -3 -17 -8 -4 3
3 -9 -5 4 19 -3 -16 -2 25 -14 -13 -1
Net Cash Flow 1 0 4 -4 -1 -1 3 -3 0 -0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 79 60 61 61 82 86 75 77 121 71 69 84
Inventory Days 137 114 100 115 139 117 143 183 116 120 132 136
Days Payable 28 7 7 7 11 8 12 16 25 19 17 25
Cash Conversion Cycle 188 167 154 169 209 195 206 244 212 172 184 195
Working Capital Days 152 132 126 131 181 167 161 205 224 159 166 187
ROCE % 11% 11% 25% 24% 15% 10% 5% 7% 0% 8% 7% 9%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
58.40% 58.36% 58.33% 58.33% 58.33% 58.30% 58.28% 58.28% 58.27% 58.27% 58.27% 58.27%
41.60% 41.66% 41.66% 41.66% 41.67% 41.69% 41.72% 41.72% 41.74% 41.73% 41.73% 41.73%
No. of Shareholders 8,3088,0417,6247,2057,9577,7727,7819,5449,4738,9598,8378,670

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