National Plastic Technologies Ltd

National Plastic Technologies Ltd

₹ 421 -0.18%
19 Apr - close price
About

Incorporated in 1989, National Plastic Technologies Ltd manufactures Injection Moulded Plastic Products[1]

Key Points

Business Overview:[1]
Company manufactures products for Automotive and Consumer Durable industries. Company has recently started supplies for EVs to 2 wheeler manufacturers

  • Market Cap 256 Cr.
  • Current Price 421
  • High / Low 528 / 97.0
  • Stock P/E 31.8
  • Book Value 64.2
  • Dividend Yield 0.24 %
  • ROCE 16.0 %
  • ROE 18.9 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 48.4% CAGR over last 5 years
  • Company's working capital requirements have reduced from 118 days to 75.4 days

Cons

  • Stock is trading at 6.56 times its book value
  • Company has a low return on equity of 13.1% 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

Figures in Rs. Crores

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
27.61 32.35 22.69 38.36 32.32 40.04 45.44 56.06 55.21 53.20 61.45 73.51 65.05
24.94 29.48 20.25 35.11 29.48 35.78 41.81 51.72 50.55 48.27 55.98 67.60 59.29
Operating Profit 2.67 2.87 2.44 3.25 2.84 4.26 3.63 4.34 4.66 4.93 5.47 5.91 5.76
OPM % 9.67% 8.87% 10.75% 8.47% 8.79% 10.64% 7.99% 7.74% 8.44% 9.27% 8.90% 8.04% 8.85%
0.15 0.14 0.15 0.07 0.05 0.05 0.00 0.01 0.02 0.17 0.03 0.02 0.01
Interest 1.01 0.95 0.95 1.21 1.14 1.13 1.15 1.13 1.31 1.74 1.35 1.34 1.39
Depreciation 0.61 0.59 0.64 0.71 0.71 1.67 0.73 1.16 1.15 0.74 1.30 1.55 1.63
Profit before tax 1.20 1.47 1.00 1.40 1.04 1.51 1.75 2.06 2.22 2.62 2.85 3.04 2.75
Tax % 0.00% 27.21% 0.00% 0.00% 0.00% 86.75% 16.57% 36.89% 27.93% 30.53% 27.72% 27.96% 28.00%
1.20 1.06 1.00 1.40 1.04 0.20 1.46 1.30 1.60 1.81 2.06 2.19 1.99
EPS in Rs 1.97 1.74 1.65 2.30 1.71 0.33 2.40 2.14 2.63 2.98 3.39 3.60 3.27
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
57 54 70 71 69 65 65 77 88 90 133 210 253
50 47 64 65 64 62 61 71 79 82 120 192 231
Operating Profit 8 6 6 6 5 3 4 6 8 7 13 18 22
OPM % 13% 12% 8% 8% 8% 5% 6% 8% 10% 8% 10% 8% 9%
1 1 1 1 1 1 1 1 1 1 0 0 0
Interest 4 4 3 3 3 2 2 3 4 4 4 5 6
Depreciation 1 1 1 2 1 1 2 2 2 2 4 4 5
Profit before tax 3 2 2 2 2 1 1 2 3 2 5 9 11
Tax % 29% 33% 32% 32% 33% 10% 36% -12% 22% 24% 26% 29%
2 1 1 1 1 1 1 2 2 1 4 6 8
EPS in Rs 3.52 2.14 2.16 2.29 2.30 1.14 1.40 2.90 3.82 2.09 5.97 10.12 13.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 10%
Compounded Sales Growth
10 Years: 15%
5 Years: 26%
3 Years: 34%
TTM: 29%
Compounded Profit Growth
10 Years: 17%
5 Years: 48%
3 Years: 38%
TTM: 77%
Stock Price CAGR
10 Years: 44%
5 Years: 65%
3 Years: 125%
1 Year: 295%
Return on Equity
10 Years: 9%
5 Years: 12%
3 Years: 13%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

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 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 8 9 10 12 13 14 14 16 18 20 23 29 33
18 16 15 19 18 17 23 35 35 49 58 51 60
20 21 25 22 21 18 16 14 16 28 29 50 53
Total Liabilities 51 52 56 59 58 54 59 71 76 102 116 136 152
23 24 23 22 22 21 24 33 37 45 51 63 68
CWIP 2 0 0 0 0 0 0 2 0 3 0 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
26 28 33 37 37 33 35 36 39 54 65 73 83
Total Assets 51 52 56 59 58 54 59 71 76 102 116 136 152

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
10 3 3 -1 4 6 1 3 8 -4 3 27
-1 -1 -0 -0 -1 -1 -5 -13 -4 -7 -7 -16
-9 -3 -3 1 -3 -5 3 10 -4 10 4 -12
Net Cash Flow 0 0 -0 -0 0 -0 0 1 -0 0 0 -0

Ratios

Figures in Rs. Crores

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 87 97 89 111 117 103 80 71 54 72 71 66
Inventory Days 68 85 77 68 66 74 82 84 102 145 121 63
Days Payable 66 49 99 96 89 73 50 48 51 66 46 49
Cash Conversion Cycle 88 132 67 83 94 104 112 107 105 150 145 80
Working Capital Days 97 109 91 105 115 116 134 105 95 151 128 75
ROCE % 20% 18% 16% 16% 13% 8% 9% 9% 11% 8% 12% 16%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.12% 64.39% 64.47% 64.91% 65.00% 65.04% 65.08% 65.22% 65.41% 65.55% 65.64% 65.83%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.15% 0.00%
35.88% 35.61% 35.53% 35.09% 35.00% 34.97% 34.92% 34.79% 34.60% 34.45% 34.20% 34.17%
No. of Shareholders 2,0852,3652,3122,3782,3442,3222,3982,4062,5212,5942,7303,577

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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