Wim Plast Ltd

Wim Plast Ltd

₹ 627 0.73%
13 Dec - close price
About

Incorporated in 1988, Wim Plast Ltd manufactures various plastic products[1]

Key Points

Business Overview:[1][2]
Company is the owner of CELLO , a prominent plastic consumer brand. Its product includes Seating System, School Furniture, Horeca, Cabinets, Kid’s furniture etc. Company has a presence on all major online platforms and has its own e-commerce portal. It catersto government supplies through the GEM Portal. Company has 9 manufacturing units and 10 trading depots spread across India.

  • Market Cap 753 Cr.
  • Current Price 627
  • High / Low 739 / 466
  • Stock P/E 12.0
  • Book Value 426
  • Dividend Yield 1.59 %
  • ROCE 15.0 %
  • ROE 11.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 24.6%

Cons

  • The company has delivered a poor sales growth of -0.53% over past five years.
  • Company has a low return on equity of 9.97% over last 3 years.
  • Earnings include an other income of Rs.32.2 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
87 83 94 80 79 80 91 78 80 87 98 90 78
72 68 77 66 66 65 73 63 66 72 80 74 66
Operating Profit 15 15 18 14 13 14 17 15 13 15 18 17 12
OPM % 17% 18% 19% 17% 17% 18% 19% 19% 17% 17% 18% 18% 15%
3 3 3 2 3 2 3 4 9 6 7 6 14
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 4 4 4 4 4 4 3 3 3 3 3 3 3
Profit before tax 14 13 17 12 13 13 17 16 19 17 21 19 23
Tax % 25% 25% 27% 25% 25% 26% 25% 25% 23% 25% 24% 24% 19%
10 10 12 9 10 10 12 12 15 13 16 15 19
EPS in Rs 8.50 8.37 10.06 7.56 8.00 8.00 10.41 9.96 12.18 10.71 13.56 12.09 15.75
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
247 295 363 352 351 384 352 317 262 317 329 343 354
203 241 302 278 269 303 278 250 208 264 271 282 293
Operating Profit 44 54 61 75 82 81 74 67 54 53 59 61 61
OPM % 18% 18% 17% 21% 23% 21% 21% 21% 21% 17% 18% 18% 17%
2 0 1 2 2 2 2 8 7 11 10 25 32
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 7 9 9 11 12 15 17 18 18 16 14 12 12
Profit before tax 39 45 54 65 73 67 59 56 43 48 54 74 81
Tax % 27% 27% 28% 31% 33% 34% 34% 19% 25% 26% 25% 24%
28 33 38 45 49 45 39 45 32 35 41 56 63
EPS in Rs 23.54 27.09 31.97 37.62 40.50 37.21 32.71 37.72 26.91 29.44 33.97 46.43 52.11
Dividend Payout % 17% 17% 16% 16% 17% 19% 21% 19% 19% 27% 25% 22%
Compounded Sales Growth
10 Years: 2%
5 Years: -1%
3 Years: 9%
TTM: 8%
Compounded Profit Growth
10 Years: 5%
5 Years: 6%
3 Years: 18%
TTM: 29%
Stock Price CAGR
10 Years: -2%
5 Years: 12%
3 Years: 10%
1 Year: 3%
Return on Equity
10 Years: 13%
5 Years: 10%
3 Years: 10%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 12 12 12 12 12 12 12 12 12
Reserves 119 145 172 208 250 285 314 339 371 401 432 478 500
0 0 0 0 0 0 0 0 1 1 0 0 0
27 35 35 35 41 36 38 33 38 28 43 40 39
Total Liabilities 152 186 213 249 303 333 364 384 422 442 486 530 550
71 72 86 87 113 125 135 128 117 102 77 75 60
CWIP 0 1 0 0 0 0 0 1 0 0 0 0 0
Investments 0 0 0 0 24 19 39 80 120 150 156 170 290
82 113 127 162 165 190 190 175 186 190 254 285 200
Total Assets 152 186 213 249 303 333 364 384 422 442 486 530 550

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
23 18 44 37 49 22 54 66 41 26 65 46
-18 -10 -28 -10 -61 -20 -46 -47 -38 -21 -57 -30
-4 -6 -6 -16 0 -10 -10 -21 -0 -6 -10 -10
Net Cash Flow 1 2 10 11 -11 -7 -2 -2 3 -1 -2 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 36 41 50 53 62 81 74 92 79 82 91
Inventory Days 86 119 78 125 154 172 182 211 266 200 179 146
Days Payable 16 26 14 26 27 24 23 28 34 21 32 39
Cash Conversion Cycle 109 130 104 149 179 210 240 257 324 257 229 199
Working Capital Days 82 95 80 107 118 148 162 166 205 184 214 255
ROCE % 34% 33% 33% 33% 31% 24% 19% 16% 12% 12% 13% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
63.17% 63.17% 55.72% 55.72% 55.73% 55.96% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99%
3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82%
33.01% 33.01% 40.46% 40.45% 40.45% 40.22% 40.18% 40.19% 40.19% 40.18% 40.19% 40.17%
No. of Shareholders 10,51210,18310,1949,9779,4979,2199,1458,3709,0468,9949,48510,202

* 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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