Prima Plastics Ltd
Incorporated in 1993, Prima Plastics Ltd manufactures and sells Plastic Articles and related products[1]
- Market Cap ₹ 119 Cr.
- Current Price ₹ 109
- High / Low ₹ 192 / 88.0
- Stock P/E 6.41
- Book Value ₹ 176
- Dividend Yield 1.84 %
- ROCE 13.1 %
- ROE 10.3 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.62 times its book value
Cons
- The company has delivered a poor sales growth of 8.85% over past five years.
- Company has a low return on equity of 12.5% over last 3 years.
- Earnings include an other income of Rs.11.4 Cr.
- Debtor days have increased from 75.1 to 92.4 days.
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 100 | 115 | 125 | 84 | 102 | 133 | 127 | 119 | 148 | 192 | 184 | 194 | 207 | |
| 86 | 102 | 105 | 75 | 93 | 122 | 114 | 104 | 137 | 166 | 154 | 171 | 182 | |
| Operating Profit | 14 | 14 | 20 | 9 | 9 | 11 | 13 | 15 | 11 | 25 | 30 | 22 | 25 |
| OPM % | 14% | 12% | 16% | 10% | 9% | 8% | 10% | 12% | 7% | 13% | 16% | 12% | 12% |
| 1 | 1 | 1 | 7 | 7 | 7 | 6 | 10 | 8 | 6 | 8 | 12 | 11 | |
| Interest | 1 | 1 | 0 | 1 | 1 | 3 | 2 | 1 | 2 | 5 | 4 | 4 | 4 |
| Depreciation | 3 | 3 | 3 | 1 | 3 | 4 | 5 | 5 | 5 | 7 | 7 | 7 | 7 |
| Profit before tax | 10 | 10 | 17 | 14 | 12 | 12 | 12 | 18 | 11 | 20 | 28 | 24 | 26 |
| Tax % | 24% | 36% | 29% | 27% | 24% | 17% | 13% | 16% | 14% | 15% | 18% | 23% | |
| 8 | 7 | 12 | 10 | 9 | 10 | 10 | 15 | 9 | 17 | 23 | 18 | 20 | |
| EPS in Rs | 6.91 | 6.09 | 11.16 | 9.52 | 8.64 | 8.63 | 9.19 | 13.63 | 7.88 | 14.48 | 19.82 | 15.64 | 16.94 |
| Dividend Payout % | 14% | 25% | 18% | 21% | 23% | 12% | 11% | 11% | 0% | 10% | 10% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 11% |
| 3 Years: | 26% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 6% |
| 3 Years: | 2% |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 12% |
| 3 Years: | 13% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 42 | 45 | 54 | 65 | 71 | 78 | 86 | 101 | 108 | 125 | 143 | 170 | 183 |
| 11 | 4 | 1 | 5 | 30 | 32 | 21 | 25 | 54 | 46 | 36 | 40 | 39 | |
| 11 | 13 | 15 | 8 | 8 | 11 | 13 | 12 | 16 | 27 | 24 | 30 | 32 | |
| Total Liabilities | 75 | 72 | 81 | 88 | 120 | 132 | 131 | 149 | 189 | 208 | 214 | 251 | 265 |
| 20 | 18 | 19 | 20 | 32 | 30 | 29 | 29 | 30 | 55 | 52 | 52 | 53 | |
| CWIP | 0 | 0 | 2 | 5 | 0 | 0 | 0 | 3 | 16 | 0 | 1 | 1 | 1 |
| Investments | 1 | 1 | 0 | 18 | 22 | 25 | 31 | 37 | 45 | 48 | 52 | 68 | 80 |
| 54 | 53 | 59 | 46 | 67 | 77 | 71 | 79 | 98 | 104 | 109 | 129 | 131 | |
| Total Assets | 75 | 72 | 81 | 88 | 120 | 132 | 131 | 149 | 189 | 208 | 214 | 251 | 265 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 13 | 14 | 10 | -9 | 10 | 15 | 7 | -3 | 37 | 27 | 4 | |
| -2 | -1 | -5 | -14 | -14 | -4 | -1 | -7 | -17 | -15 | -4 | 1 | |
| 1 | -10 | -6 | 4 | 20 | -3 | -17 | -1 | 21 | -22 | -15 | -7 | |
| Net Cash Flow | 1 | 2 | 3 | 1 | -3 | 3 | -3 | -0 | 2 | 0 | 9 | -3 |
| Free Cash Flow | -1 | 12 | 8 | -4 | -20 | 8 | 13 | 1 | -20 | 21 | 24 | -4 |
| CFO/OP | 34% | 122% | 94% | 154% | -67% | 111% | 132% | 65% | -12% | 160% | 107% | 31% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 71 | 53 | 53 | 61 | 87 | 79 | 68 | 70 | 104 | 65 | 68 | 92 |
| Inventory Days | 132 | 101 | 97 | 118 | 144 | 116 | 133 | 165 | 116 | 117 | 112 | 122 |
| Days Payable | 27 | 12 | 24 | 12 | 17 | 21 | 26 | 29 | 33 | 39 | 24 | 36 |
| Cash Conversion Cycle | 177 | 142 | 125 | 166 | 214 | 174 | 176 | 207 | 186 | 143 | 157 | 178 |
| Working Capital Days | 95 | 93 | 94 | 117 | 101 | 84 | 102 | 126 | 82 | 77 | 93 | 111 |
| ROCE % | 19% | 19% | 28% | 20% | 14% | 12% | 12% | 15% | 8% | 14% | 17% | 13% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtors Turnover Days Days |
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| Domestic Rotational Moulding Capacity Tons/Annum ・Standalone data |
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| Total Active SKUs (E-commerce/Amazon) Number ・Standalone data |
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| Number of SKUs introduced in year Number ・Standalone data |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
2d - Demerger scheme effective April 1, 2026; Prima Plastics demerged into Prima Innovation; INC-28 filed with ROC Goa.
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Announcement under Regulation 30 (LODR)-Cessation
28 Mar - COO Pratik B. Parekh resigned effective 23 March 2026 to become Executive Chairman & MD of Prima Innovation Limited.
- Closure of Trading Window 25 Mar
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
24 Mar - NCLT sanctioned demerger of Prima Plastics into Prima Innovation; certified copy received March 24; effective March 31, 2026.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
16 Mar - NCLT sanctioned scheme between Prima Plastics and Prima Innovation on 16 March 2026.
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
from bse
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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]
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.