Wim Plast Ltd

Wim Plast Ltd

₹ 536 1.33%
24 Apr - close price
About

Wim Plast is engaged in the Business of Plastic Articles. The company's brand “CELLO” is preferred in plastic consumer items, known for its quality and wide range of products for more than four decades. The Company is being innovative and regularly adds new products in all categories including Seating Systems, School Furniture, Horeca, Cabinets, Kid’s furniture etc.

Key Points

Wide Product Range Under Cello Brand
The company has a diversified product range including moulded furniture, air cooler, Bubble Guard Board, Industrial plastic wares and pallet products under the brand name Cello. [1]

  • Market Cap 643 Cr.
  • Current Price 536
  • High / Low 778 / 430
  • Stock P/E 12.4
  • Book Value 384
  • Dividend Yield 1.59 %
  • ROCE 12.7 %
  • ROE 9.51 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.6%

Cons

  • The company has delivered a poor sales growth of -3.03% over past five years.
  • Company has a low return on equity of 9.08% over last 3 years.
  • Earnings include an other income of Rs.20.8 Cr.
  • Promoter holding has decreased over last 3 years: -13.9%

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
76 101 53 87 83 94 80 79 80 91 78 80 87
58 79 47 72 68 77 66 66 65 73 63 66 72
Operating Profit 19 23 6 15 15 18 14 13 14 17 15 13 15
OPM % 24% 22% 12% 17% 18% 19% 17% 17% 18% 19% 19% 17% 17%
3 0 2 3 3 3 2 3 2 3 4 9 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 5 4 4 4 4 4 4 4 4 3 3 3 3
Profit before tax 17 18 4 14 13 17 12 13 13 17 16 19 17
Tax % 26% 22% 25% 25% 25% 27% 25% 25% 26% 25% 25% 23% 25%
13 14 3 10 10 12 9 10 10 12 12 15 13
EPS in Rs 10.50 11.80 2.51 8.50 8.37 10.06 7.56 8.00 8.00 10.41 9.96 12.18 10.71
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
201 247 295 363 352 351 384 352 317 262 317 329 335
164 203 241 302 278 269 303 278 250 208 264 271 275
Operating Profit 37 44 54 61 75 82 81 74 67 54 53 59 60
OPM % 18% 18% 18% 17% 21% 23% 21% 21% 21% 21% 17% 18% 18%
1 2 0 1 2 2 2 2 8 7 11 10 21
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 7 9 9 11 12 15 17 18 18 16 14 12
Profit before tax 32 39 45 54 65 73 67 59 56 43 48 54 69
Tax % 29% 27% 27% 28% 31% 33% 34% 34% 19% 25% 26% 25%
23 28 33 38 45 49 45 39 45 32 35 41 52
EPS in Rs 18.96 23.54 27.09 31.97 37.62 40.50 37.21 32.71 37.72 26.91 29.44 33.97 43.26
Dividend Payout % 16% 17% 17% 16% 16% 17% 19% 21% 19% 19% 27% 25%
Compounded Sales Growth
10 Years: 3%
5 Years: -3%
3 Years: 1%
TTM: 1%
Compounded Profit Growth
10 Years: 4%
5 Years: -2%
3 Years: -3%
TTM: 29%
Stock Price CAGR
10 Years: 6%
5 Years: 0%
3 Years: 10%
1 Year: 20%
Return on Equity
10 Years: 14%
5 Years: 10%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 12 12 12 12 12 12 12 12
Reserves 96 119 145 172 208 250 285 314 339 371 401 432 448
0 0 0 0 0 0 0 0 0 1 1 0 0
18 27 35 35 35 41 36 38 33 38 28 43 56
Total Liabilities 120 152 186 213 249 303 333 364 384 422 442 486 516
58 71 72 86 87 113 125 135 128 117 102 77 76
CWIP 0 0 1 0 0 0 0 0 1 0 0 0 0
Investments 0 0 0 0 0 24 19 39 80 120 150 156 160
62 82 113 127 162 165 190 190 175 186 190 254 281
Total Assets 120 152 186 213 249 303 333 364 384 422 442 486 516

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31 23 18 44 37 49 22 54 66 41 26 65
-28 -18 -10 -28 -10 -61 -20 -46 -47 -38 -21 -57
-3 -4 -6 -6 -16 0 -10 -10 -21 -0 -6 -10
Net Cash Flow 0 1 2 10 11 -11 -7 -2 -2 3 -1 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 38 40 36 41 50 53 62 81 74 92 79 82
Inventory Days 80 86 119 78 125 154 172 182 211 266 200 179
Days Payable 10 16 26 14 26 27 24 23 28 34 21 32
Cash Conversion Cycle 108 109 130 104 149 179 210 240 257 324 257 229
Working Capital Days 84 82 95 80 107 118 148 162 166 205 184 214
ROCE % 35% 34% 33% 33% 33% 31% 24% 19% 16% 12% 12% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.91% 69.91% 63.17% 63.17% 55.72% 55.72% 55.73% 55.96% 55.99% 55.99% 55.99% 55.99%
6.44% 4.63% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82%
23.65% 25.46% 33.01% 33.01% 40.46% 40.45% 40.45% 40.22% 40.18% 40.19% 40.19% 40.18%
No. of Shareholders 9,76410,71510,51210,18310,1949,9779,4979,2199,1458,3709,0468,994

* 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.

Click on the line-items to see the names of individual entities.

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