OK Play India Ltd

₹ 12.0 0.76%

22 Nov - close price

About

Incorporated in 1988, OK Play India Ltd manufactures plastic molded products,
ranging from automotive components
to children playground equipment^[1]

Key Points

Business Overview:^[1]^[2]
OKPIL is an ISO 14001:2015 and ISO 45001:2018 certified largest Homegrown Toys Brand in India. It deals in Indoor Toys and Outdoor Play Equipment, School Furniture and Healthcare Products. OK Play is an acquired brand of OK Play UK, London. Company sells products under
its brand name – OK Play. It uses Roto Moulding, Blow Moulding, and Injection
Moulding techniques for their plastic moulded
products

Website BSE

Market Cap ₹ 362 Cr.
Current Price ₹ 12.0
High / Low ₹ 21.5 / 10.6
Stock P/E 51.8
Book Value ₹ 4.29
Dividend Yield 0.00 %
ROCE 11.7 %
ROE 9.25 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Debtor days have improved from 91.5 to 41.2 days.
Promoter holding has increased by 9.04% over last quarter.

Cons

Stock is trading at 2.79 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of -9.48% over last 3 years.
Promoters have pledged 55.2% of their holding.
Earnings include an other income of Rs.22.0 Cr.
Promoter holding has decreased over last 3 years: -5.86%
Working capital days have increased from 83.2 days to 176 days

* 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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Detailed Comparison with:

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
	13.29	19.67	29.05	29.56	28.83	34.95	39.46	33.80	29.53	33.36	48.38	24.77	19.23
	12.52	17.54	22.29	26.85	25.09	26.15	31.72	29.17	24.46	30.84	42.65	26.22	18.58
Operating Profit	0.77	2.13	6.76	2.71	3.74	8.80	7.74	4.63	5.07	2.52	5.73	-1.45	0.65
OPM %	5.79%	10.83%	23.27%	9.17%	12.97%	25.18%	19.61%	13.70%	17.17%	7.55%	11.84%	-5.85%	3.38%
	-0.25	1.45	2.76	1.09	1.10	1.22	-3.38	1.03	1.17	2.85	6.58	7.65	4.94
Interest	3.23	3.24	2.44	3.66	4.52	3.81	3.63	3.04	3.89	3.32	3.47	2.96	2.99
Depreciation	2.88	2.28	3.18	2.12	1.75	1.75	1.71	1.77	1.81	1.96	2.91	2.42	2.05
Profit before tax	-5.59	-1.94	3.90	-1.98	-1.43	4.46	-0.98	0.85	0.54	0.09	5.93	0.82	0.55
Tax %	0.00%	0.00%	-79.49%	0.00%	0.00%	0.00%	406.12%	0.00%	0.00%	0.00%	27.99%	0.00%	0.00%
	-5.59	-1.94	7.00	-1.98	-1.43	4.47	-4.96	0.85	0.54	0.09	4.26	0.82	0.55
EPS in Rs	-0.29	-0.10	0.36	-0.10	-0.07	0.23	-0.26	0.04	0.02	0.00	0.15	0.03	0.02
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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
	61	103	55	94	65	105	116	62	66	69	127	142	126
	47	85	67	75	51	82	88	52	52	62	104	124	118
Operating Profit	14	18	-12	19	14	23	28	11	13	8	23	18	7
OPM %	23%	18%	-21%	20%	22%	22%	24%	17%	20%	11%	18%	13%	6%
	-4	-3	21	-9	1	-4	2	4	3	4	0	11	22
Interest	7	8	9	11	11	13	15	14	16	12	16	14	13
Depreciation	5	6	3	3	3	5	7	8	9	11	7	8	9
Profit before tax	-2	1	-2	-4	1	1	8	-8	-9	-11	0	7	7
Tax %	-7%	459%	-29%	-48%	51%	-12%	62%	-64%	-20%	-27%	4,975%	22%
	-2	-4	-2	-2	1	1	3	-3	-7	-8	-4	6	6
EPS in Rs	-0.13	-0.24	-0.09	-0.11	0.03	0.04	0.15	-0.14	-0.36	-0.43	-0.20	0.20	0.20
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	3%
5 Years:	4%
3 Years:	29%
TTM:	-9%

Compounded Profit Growth
10 Years:	13%
5 Years:	14%
3 Years:	46%
TTM:	553%

Stock Price CAGR
10 Years:	2%
5 Years:	51%
3 Years:	65%
1 Year:	-20%

Return on Equity
10 Years:	-3%
5 Years:	-9%
3 Years:	-9%
Last Year:	9%

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	17	17	18	18	19	19	19	19	19	19	19	29	30
Reserves	20	16	17	15	26	24	43	40	33	25	20	92	100
	68	70	84	83	91	113	111	121	119	129	133	104	89
	23	28	16	30	35	37	33	35	54	47	50	36	70
Total Liabilities	128	131	135	146	170	193	206	215	225	219	222	262	289
	32	29	32	37	57	69	96	100	104	71	71	94	93
CWIP	0	3	4	13	8	14	0	0	0	0	0	0	0
Investments	8	8	8	8	8	8	8	8	8	48	48	48	48
	89	91	91	89	97	101	102	107	113	101	103	120	148
Total Assets	128	131	135	146	170	193	206	215	225	219	222	262	289

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
	5	16	-18	17	69	11	32	21	29	-10	10	2
	-2	-4	-7	-16	-19	-23	-20	-12	-12	-13	-8	-32
	1	-16	18	-1	-48	11	-12	-10	-17	22	-3	31
Net Cash Flow	4	-4	-6	-0	1	0	0	-1	0	-0	-1	1

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	209	96	189	149	163	75	53	59	48	143	91	41
Inventory Days	261	166	152	170	498	317	356	796	743	591	381	263
Days Payable	155	72	103	87	221	92	86	138	213	223	140	24
Cash Conversion Cycle	316	190	238	232	440	300	323	718	578	510	332	280
Working Capital Days	182	147	366	123	182	212	147	284	74	20	54	176
ROCE %	8%	12%	7%	14%	9%	15%	15%	4%	4%	0%	9%	12%

Shareholding Pattern

Numbers in percentages

13 Recently

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Oct 2024
	59.72%	59.72%	59.72%	59.92%	59.92%	51.83%	49.14%	45.52%	44.82%	44.82%	47.01%	53.86%
	0.34%	0.34%	0.34%	0.34%	0.19%	13.51%	19.64%	19.95%	19.64%	19.03%	18.14%	15.53%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	39.91%	39.91%	39.92%	39.71%	39.86%	34.64%	31.18%	34.50%	35.54%	36.13%	34.83%	30.58%
No. of Shareholders	10,347	10,916	10,877	10,416	10,064	11,438	11,540	12,782	20,407	22,198	27,430	27,431

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Oct 2024
	58.41%	58.41%	59.72%	59.72%	59.72%	59.72%	59.92%	44.82%	53.86%
	0.00%	0.04%	0.04%	0.02%	0.02%	0.34%	0.19%	19.64%	15.53%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%
	41.56%	41.52%	40.21%	40.23%	40.23%	39.91%	39.86%	35.54%	30.58%
No. of Shareholders	7,516	9,408	9,186	8,998	9,193	10,347	10,064	20,407	27,431

* 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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