Prima Plastics Ltd
Incorporated in 1993, Prima Plastics Ltd manufactures and sells Plastic Articles and related products[1]
- Market Cap ₹ 135 Cr.
- Current Price ₹ 123
- High / Low ₹ 192 / 118
- Stock P/E 8.02
- Book Value ₹ 176
- Dividend Yield 1.63 %
- ROCE 13.1 %
- ROE 10.3 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.70 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.11.9 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 | 206 | |
| 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 | 24 |
| 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 | 12 | |
| 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 | 25 |
| 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 | 18 | |
| 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 | 15.34 |
| 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: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 11% |
| 3 Years: | 26% |
| TTM: | -16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 13% |
| 3 Years: | 12% |
| 1 Year: | -21% |
| 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 |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Nov - Of newspaper publication in connection with proposed scheme of arrangement between Prima Plastics Limited and Prima Innovation Limited.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
20 Nov - Ms. Prachi M. Mankame resigns as Company Secretary/Compliance/Nodal Officer effective December 06, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Copies of the newspaper advertisement of the Financial results for Quarter and half year ended September 30, 2025.
-
Announcement under Regulation 30 (LODR)-Credit Rating
13 Nov - CRISIL keeps Prima Plastics' Rs60 Crore facilities at BBB+/A2 on 'Watch Developing' (Nov 13, 2025).
- Financial Results For Quarter And Half Year Ended September 30, 2025 12 Nov
Annual reports
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Financial Year 2025
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Financial Year 2024
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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
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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.