Wim Plast Ltd

Wim Plast Ltd

₹ 613 -1.94%
22 Jul 3:31 p.m.
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 736 Cr.
  • Current Price 613
  • High / Low 778 / 466
  • Stock P/E 13.2
  • Book Value 408
  • Dividend Yield 1.63 %
  • ROCE 15.8 %
  • ROE 12.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 24.5%

Cons

  • The company has delivered a poor sales growth of -1.65% over past five years.
  • Company has a low return on equity of 10.2% over last 3 years.
  • Earnings include an other income of Rs.24.7 Cr.
  • Promoter holding has decreased over last 3 years: -13.9%
  • Working capital days have increased from 257 days to 376 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
102 50 88 86 95 81 80 80 91 78 80 87 98
79 44 73 72 77 67 66 65 73 63 66 72 80
Operating Profit 23 6 15 15 17 14 13 14 17 15 13 15 18
OPM % 22% 12% 17% 17% 18% 17% 17% 18% 19% 19% 17% 17% 18%
0 2 3 3 3 2 3 2 4 4 9 6 7
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 4 4 4 4 4 4 4 4 3 3 3 3 3
Profit before tax 19 4 13 13 16 12 13 13 17 16 19 17 21
Tax % 22% 25% 25% 25% 27% 25% 25% 26% 24% 25% 23% 25% 24%
14 3 10 10 12 9 10 10 13 12 15 13 16
EPS in Rs 11.95 2.37 8.42 8.41 9.94 7.60 8.12 8.01 11.01 9.96 12.18 10.71 13.56
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
352 388 373 322 268 319 331 343
269 307 298 255 215 267 272 282
Operating Profit 82 81 74 67 53 52 59 61
OPM % 23% 21% 20% 21% 20% 16% 18% 18%
2 2 2 8 7 11 11 25
Interest 0 0 0 0 0 0 0 0
Depreciation 12 15 17 18 18 16 14 12
Profit before tax 73 67 59 56 42 47 56 74
Tax % 33% 34% 34% 19% 25% 26% 25% 24%
49 44 39 45 32 35 42 56
EPS in Rs 40.47 37.10 32.70 37.55 26.75 29.13 34.73 46.43
Dividend Payout % 17% 19% 21% 19% 19% 27% 24% 22%
Compounded Sales Growth
10 Years: %
5 Years: -2%
3 Years: 9%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: 20%
TTM: 34%
Stock Price CAGR
10 Years: 3%
5 Years: 11%
3 Years: 2%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 10%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 12 12 12 12 12 12 12 12
Reserves 250 285 314 339 371 400 432 477
0 0 0 0 1 1 0 0
41 46 38 42 42 33 43 40
Total Liabilities 303 342 364 393 425 446 486 530
113 125 135 128 117 102 77 75
CWIP 0 0 0 1 0 0 0 0
Investments 24 18 39 80 120 150 156 169
166 199 190 183 189 194 254 285
Total Assets 303 342 364 393 425 446 486 530

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
49 25 51 68 40 26 63 46
-60 -19 -46 -47 -38 -21 -55 -30
0 -10 -10 -21 -0 -6 -10 -10
Net Cash Flow -11 -5 -5 -0 2 -1 -2 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 53 64 75 75 92 82 82 91
Inventory Days 153 170 168 214 257 199 179 141
Days Payable 27 24 22 29 35 23 32 37
Cash Conversion Cycle 179 210 221 261 314 258 229 195
Working Capital Days 118 144 153 162 198 180 214 376
ROCE % 24% 19% 16% 12% 12% 13% 16%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
69.91% 63.17% 63.17% 55.72% 55.72% 55.73% 55.96% 55.99% 55.99% 55.99% 55.99% 55.99%
4.63% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82% 3.82%
25.46% 33.01% 33.01% 40.46% 40.45% 40.45% 40.22% 40.18% 40.19% 40.19% 40.18% 40.19%
No. of Shareholders 10,71510,51210,18310,1949,9779,4979,2199,1458,3709,0468,9949,485

* 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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