Mega Flex Plastics Ltd

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Mega Flex Plast. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Mega Flex Plastics Ltd

₹ 160 -1.78%
23 Oct - close price
megaflex.co.in NSE - SME: MEGAFLEX
About

Incorporated in 2003, Mega Flex Plastics
Ltd is in the business of manufacturing
Leno bags[1]

Key Points

Business Overview[1]
Mega Flex Plastics Limited was established with a focus on manufacturing polypropylene-based packaging solutions for the horticulture sector. The Company is one of the leading manufacturers of Leno Bags in Eastern India, serving the packaging requirements of vegetables such as potatoes, onions and other horticultural produce.

Website NSE - ST
  • Market Cap ₹ 194 Cr.
  • Current Price ₹ 160
  • High / Low ₹ 165 / 46.0
  • Stock P/E 30.9
  • Book Value ₹ 51.5
  • Dividend Yield 0.00 %
  • ROCE 14.9 %
  • ROE 10.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 39.9% CAGR over last 5 years
  • Company's working capital requirements have reduced from 47.6 days to 10.8 days

Cons

  • Stock is trading at 3.11 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 5.62% over last 3 years.
  • Earnings include an other income of Rs.2.56 Cr.

* 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

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Part of Nifty SME Emerge

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Half Yearly Results

Figures in Rs. Crores

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
20.03 26.44 21.17 31.51 23.57 24.83 17.28 43.03 29.38 48.70
19.09 23.74 20.42 30.17 24.44 24.36 17.88 39.18 28.40 41.62
Operating Profit 0.94 2.70 0.75 1.34 -0.87 0.47 -0.60 3.85 0.98 7.08
OPM % 4.69% 10.21% 3.54% 4.25% -3.69% 1.89% -3.47% 8.95% 3.34% 14.54%
0.23 0.34 0.60 1.16 1.04 1.70 1.33 0.88 1.66 0.91
Interest 0.03 0.01 0.03 0.02 0.05 0.02 0.10 0.06 0.06 0.03
Depreciation 0.24 0.20 0.25 0.27 0.23 0.38 0.35 0.36 0.36 0.46
Profit before tax 0.90 2.83 1.07 2.21 -0.11 1.77 0.28 4.31 2.22 7.50
Tax % 25.56% 25.09% 25.23% 23.08% 0.00% 15.82% 25.00% 25.29% 25.23% 25.07%
0.67 2.12 0.79 1.70 -0.11 1.48 0.21 3.22 1.66 5.62
EPS in Rs 0.85 2.68 0.74 1.58 -0.10 1.38 0.20 2.65 1.37 4.63
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
35.82 31.50 29.49 46.47 52.69 48.40 60.31 78.08
32.43 29.78 28.26 43.16 50.89 48.81 57.06 70.00
Operating Profit 3.39 1.72 1.23 3.31 1.80 -0.41 3.25 8.08
OPM % 9.46% 5.46% 4.17% 7.12% 3.42% -0.85% 5.39% 10.35%
1.90 1.94 1.59 0.91 1.70 2.74 2.21 2.56
Interest 0.16 0.14 0.07 0.04 0.05 0.07 0.16 0.10
Depreciation 0.84 0.70 0.55 0.47 0.52 0.61 0.71 0.83
Profit before tax 4.29 2.82 2.20 3.71 2.93 1.65 4.59 9.71
Tax % 26.11% 22.34% 41.82% 28.30% 26.62% 16.97% 25.27% 25.13%
3.18 2.20 1.29 2.66 2.15 1.37 3.43 7.27
EPS in Rs 4.03 2.78 1.63 3.37 2.00 1.28 2.83 5.99
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 14%
TTM: 29%
Compounded Profit Growth
10 Years: %
5 Years: 40%
3 Years: 52%
TTM: 183%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 58%
1 Year: 255%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 6%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 1.75 1.75 1.75 1.75 10.75 10.75 12.13 12.13
Reserves 23.08 25.35 26.64 29.30 34.03 35.45 43.10 50.34
0.56 0.26 0.41 0.00 0.00 0.00 1.26 1.95
4.02 2.64 3.20 3.10 2.47 1.62 3.10 8.81
Total Liabilities 29.41 30.00 32.00 34.15 47.25 47.82 59.59 73.23
6.66 6.01 5.57 5.65 5.98 5.77 7.58 7.95
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 7.28 10.17 6.40 8.77 4.61 5.41 14.08 33.09
15.47 13.82 20.03 19.73 36.66 36.64 37.93 32.19
Total Assets 29.41 30.00 32.00 34.15 47.25 47.82 59.59 73.23

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-2.70 -0.60 3.81 4.46 -5.12 -2.02 -3.59 17.62
2.34 1.05 -4.09 -2.45 4.65 1.06 -9.42 -18.41
-0.13 -0.35 0.11 -0.45 11.35 -0.07 6.65 0.60
Net Cash Flow -0.49 0.11 -0.16 1.57 10.87 -1.03 -6.36 -0.19
Free Cash Flow -3.36 -0.64 4.25 3.90 -5.97 -2.42 -6.11 16.41
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit -46% 3% 385% 166% -243% 422% -76% 248%

Ratios

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 5.30 1.04 9.16 4.32 1.39 10.48 8.05 1.96
Inventory Days 55.02 60.44 57.08 35.30 29.55
Days Payable 1.64 4.67 1.18 1.38 25.43
Cash Conversion Cycle 5.30 1.04 9.16 57.70 57.16 66.39 41.97 6.08
Working Capital Days 36.89 43.68 86.76 40.53 45.30 52.49 79.46 10.85
ROCE % 10.24% 7.34% 11.53% 6.57% 0.70% 7.38% 14.92%

Insights

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Mar 2007 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Revenue Share of Traded Goods
%

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Indigenous Raw Material Sourcing
%
Leno Bags Sold
million bags
Number of Looms
count
Number of Brands
count
Solar Power Plant Capacity
KW
States of Presence
count
Solar Power Generation
KWH

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Oct 2024Mar 2025Sep 2025Mar 2026Sep 2026
73.32% 73.32% 73.32% 73.32% 73.32% 73.32% 73.40% 73.40% 73.92% 73.92%
1.65% 0.59% 1.42% 2.48% 1.87% 2.01% 0.00% 0.00% 0.00% 0.00%
25.03% 26.10% 25.25% 24.19% 24.81% 24.67% 26.60% 26.60% 26.08% 26.08%
No. of Shareholders 417377385371348328314242171177

* 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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