Manika Plastech Ltd
Incorporated in 1996, Manika Plastech
Limited is engaged in the manufacturing
of rigid polymer packaging products,
including battery casings, pails, and
thin-wall containers.[1]
- Market Cap ₹ 501 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 22.2
- Book Value ₹
- Dividend Yield %
- ROCE 19.2 %
- ROE 16.5 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 26.4% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 10.2% over past five 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 268 | 333 | 396 | 361 | 406 | 436 | |
| 243 | 302 | 362 | 330 | 361 | 378 | |
| Operating Profit | 25 | 32 | 34 | 31 | 45 | 58 |
| OPM % | 9% | 9% | 9% | 9% | 11% | 13% |
| 0 | 0 | 2 | 8 | 6 | 1 | |
| Interest | 6 | 7 | 7 | 9 | 13 | 15 |
| Depreciation | 10 | 10 | 11 | 13 | 13 | 14 |
| Profit before tax | 10 | 15 | 18 | 16 | 25 | 30 |
| Tax % | 27% | 30% | 30% | 30% | 24% | 26% |
| 7 | 11 | 12 | 12 | 19 | 22 | |
| EPS in Rs | 3.50 | 5.70 | 6.51 | 6.07 | 2.03 | 4,480.00 |
| Dividend Payout % | 0% | 0% | 23% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 3% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 22% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 15% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 20 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 78 | 77 | 87 | 89 | 106 | 129 |
| 52 | 63 | 55 | 100 | 107 | 97 | |
| 36 | 35 | 46 | 45 | 89 | 79 | |
| Total Liabilities | 186 | 194 | 207 | 253 | 321 | 324 |
| 71 | 79 | 84 | 126 | 153 | 156 | |
| CWIP | 2 | 3 | 8 | 15 | 3 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 114 | 112 | 115 | 112 | 165 | 161 | |
| Total Assets | 186 | 194 | 207 | 253 | 321 | 324 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 17 | 28 | 40 | 32 | 37 | 44 | |
| -10 | -19 | -21 | -53 | -23 | -19 | |
| -7 | -9 | -18 | 22 | -13 | -26 | |
| Net Cash Flow | 0 | 0 | -0 | -0 | 1 | -1 |
| Free Cash Flow | 7 | 9 | 18 | -22 | 14 | 25 |
| CFO/OP | 70% | 99% | 124% | 109% | 95% | 87% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 81 | 65 | 48 | 45 | 55 | 55 |
| Inventory Days | 64 | 54 | 57 | 86 | 77 | |
| Days Payable | 37 | 41 | 22 | 45 | 34 | |
| Cash Conversion Cycle | 81 | 92 | 61 | 80 | 95 | 98 |
| Working Capital Days | 37 | 21 | 17 | 2 | 3 | 14 |
| ROCE % | 14% | 16% | 14% | 18% | 19% |
Documents
Announcements
No data available.
Business Overview:[1]
Manika Plastech is a design-led manufacturer
of precision-engineered rigid polymer packaging products, serving industries such as energy storage, automotive, paints, lubricants, food, dairy, chemicals, agrochemicals and the construction chemicals.
Its core products include battery casings,
pails and thin wall containers, along with
painting services for automotive components. The company provides an integrated offering covering product design, mould development, manufacturing, labelling, quality testing and delivery.