Prima Plastics Ltd

Prima Plastics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Prima Plastics Ltd

₹ 195 -0.03%
25 Apr 4:01 p.m.
primaplastics.com BSE: 530589
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 & exporters of Plastic Products. It is certified with ISO 9001, ISO 14001 and OHSAS 18001 and is titled as One Star Export House by Ministry of commerce and industry DGFT Govt. Of India. Company
is one of the largest supplier of Waste Management Products under the Swachh Bharat Abhiyan to various municipal bodies in India

Website BSE
  • Market Cap ₹ 214 Cr.
  • Current Price ₹ 195
  • High / Low ₹ 254 / 115
  • Stock P/E 86.0
  • Book Value ₹ 62.5
  • Dividend Yield 1.03 %
  • ROCE 7.83 %
  • ROE 6.68 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 89.5 to 70.9 days.

Cons

  • Stock is trading at 3.11 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.08% over past five years.
  • Company has a low return on equity of 3.54% 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

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
29.21 26.23 16.12 27.59 33.97 33.02 22.70 36.08 43.12 36.90 27.89 29.65 29.69
26.79 24.93 16.89 26.61 32.19 31.71 23.48 32.76 38.65 32.52 26.08 28.69 27.67
Operating Profit 2.42 1.30 -0.77 0.98 1.78 1.31 -0.78 3.32 4.47 4.38 1.81 0.96 2.02
OPM % 8.28% 4.96% -4.78% 3.55% 5.24% 3.97% -3.44% 9.20% 10.37% 11.87% 6.49% 3.24% 6.80%
0.18 3.26 0.21 0.06 0.11 0.14 0.14 0.13 0.23 2.49 0.03 0.02 0.08
Interest 0.22 0.27 0.27 0.41 0.70 0.80 0.81 1.09 1.14 1.26 0.87 0.91 0.83
Depreciation 0.84 0.82 0.84 0.82 0.83 0.84 1.01 1.12 1.17 2.16 1.30 1.15 1.14
Profit before tax 1.54 3.47 -1.67 -0.19 0.36 -0.19 -2.46 1.24 2.39 3.45 -0.33 -1.08 0.13
Tax % 27.92% 20.75% 7.19% 57.89% 38.89% -63.16% -3.66% -58.06% 35.15% -1.16% 24.24% 25.00% 53.85%
1.12 2.76 -1.55 -0.08 0.22 -0.31 -2.54 1.95 1.55 3.49 -0.25 -0.81 0.06
EPS in Rs 1.02 2.51 -1.41 -0.07 0.20 -0.28 -2.31 1.77 1.41 3.17 -0.23 -0.74 0.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
58 69 76 84 90 84 94 111 99 92 111 139 124
53 68 70 79 79 75 85 105 92 85 107 127 115
Operating Profit 4 1 6 4 10 9 10 7 6 6 3 12 9
OPM % 7% 2% 8% 5% 12% 11% 10% 6% 7% 7% 3% 8% 7%
1 5 1 2 4 6 4 5 1 4 0 3 3
Interest 1 1 1 1 0 1 1 2 2 1 2 4 4
Depreciation 2 2 2 1 2 1 1 2 3 3 3 5 6
Profit before tax 3 3 4 4 12 14 10 7 2 5 -2 5 2
Tax % 21% 22% 22% 20% 20% 28% 28% 20% 14% 21% -2% 4%
2 3 3 3 10 10 8 5 2 4 -2 4 2
EPS in Rs 1.99 2.39 2.90 3.13 8.75 8.94 6.85 4.97 1.80 3.95 -1.56 4.05 2.25
Dividend Payout % 50% 42% 34% 48% 23% 22% 29% 20% 56% 38% 0% 37%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 12%
TTM: -8%
Compounded Profit Growth
10 Years: 5%
5 Years: -9%
3 Years: 34%
TTM: 283%
Stock Price CAGR
10 Years: 31%
5 Years: 19%
3 Years: 32%
1 Year: 64%
Return on Equity
10 Years: 8%
5 Years: 4%
3 Years: 4%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 28 30 32 31 38 48 53 56 55 59 56 60 58
10 5 10 4 1 5 28 31 21 23 52 42 40
6 12 9 8 7 6 7 7 8 7 9 15 15
Total Liabilities 56 57 61 54 57 70 99 104 95 100 128 129 123
13 13 12 11 10 20 25 25 25 25 27 49 48
CWIP 0 0 0 0 0 0 0 0 0 3 16 0 1
Investments 2 2 2 2 2 4 4 4 4 4 4 4 4
41 43 47 41 45 47 70 75 65 68 80 75 71
Total Assets 56 57 61 54 57 70 99 104 95 100 128 129 123

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 1 -3 7 7 -1 -17 -0 19 3 -8 21
-0 3 0 2 3 -7 -3 3 -1 -3 -17 -8
1 -5 3 -9 -5 4 19 -3 -16 -2 25 -14
Net Cash Flow -0 -0 1 0 4 -4 -1 -1 3 -3 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 94 73 79 60 61 61 82 86 75 77 121 71
Inventory Days 130 129 137 114 100 115 139 117 143 183 116 120
Days Payable 22 62 28 7 7 7 11 8 12 16 25 19
Cash Conversion Cycle 202 140 188 167 154 169 209 195 206 244 212 172
Working Capital Days 162 130 152 132 126 131 181 167 161 205 224 165
ROCE % 8% 10% 11% 11% 25% 24% 15% 10% 5% 7% 0% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.45% 58.45% 58.42% 58.41% 58.40% 58.36% 58.33% 58.33% 58.33% 58.30% 58.28% 58.28%
41.55% 41.55% 41.58% 41.59% 41.60% 41.66% 41.66% 41.66% 41.67% 41.69% 41.72% 41.72%
No. of Shareholders 7,3387,8337,8587,9348,3088,0417,6247,2057,9577,7727,7819,544

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