Wim Plast Ltd

Wim Plast Ltd

₹ 614 -1.10%
20 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 737 Cr.
  • Current Price 614
  • High / Low 739 / 466
  • Stock P/E 13.4
  • Book Value 420
  • Dividend Yield 1.63 %
  • 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 24.5%

Cons

  • The company has delivered a poor sales growth of -1.65% over past five years.
  • Company has a low return on equity of 10.0% over last 3 years.
  • Earnings include an other income of Rs.24.8 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

Consolidated Figures in Rs. Crores / View Standalone

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
88 86 95 81 80 80 91 78 80 87 98 90 78
73 72 77 67 66 65 73 63 66 72 80 74 66
Operating Profit 15 15 17 14 13 14 17 15 13 15 18 17 12
OPM % 17% 17% 18% 17% 17% 18% 19% 19% 17% 17% 18% 18% 15%
3 3 3 2 3 2 4 4 9 6 7 6 7
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 13 13 16 12 13 13 17 16 19 17 21 19 16
Tax % 25% 25% 27% 25% 25% 26% 24% 25% 23% 25% 24% 24% 28%
10 10 12 9 10 10 13 12 15 13 16 15 11
EPS in Rs 8.42 8.41 9.94 7.60 8.12 8.01 11.01 9.96 12.18 10.71 13.56 12.09 9.51
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 TTM
352 388 373 322 268 319 331 343 354
269 307 298 255 215 267 272 282 293
Operating Profit 82 81 74 67 53 52 59 61 61
OPM % 23% 21% 20% 21% 20% 16% 18% 18% 17%
2 2 2 8 7 11 11 25 25
Interest 0 0 0 0 0 0 0 0 0
Depreciation 12 15 17 18 18 16 14 12 12
Profit before tax 73 67 59 56 42 47 56 74 74
Tax % 33% 34% 34% 19% 25% 26% 25% 24%
49 44 39 45 32 35 42 56 55
EPS in Rs 40.47 37.10 32.70 37.55 26.75 29.13 34.73 46.43 45.87
Dividend Payout % 17% 19% 21% 19% 19% 27% 24% 22%
Compounded Sales Growth
10 Years: %
5 Years: -2%
3 Years: 9%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 6%
3 Years: 18%
TTM: 11%
Stock Price CAGR
10 Years: -2%
5 Years: 12%
3 Years: 11%
1 Year: -1%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 10%
Last Year: 11%

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 Sep 2024
Equity Capital 12 12 12 12 12 12 12 12 12
Reserves 250 285 314 339 371 400 432 477 492
0 0 0 0 1 1 0 0 0
41 46 38 42 42 33 43 40 39
Total Liabilities 303 342 364 393 425 446 486 530 543
113 125 135 128 117 102 77 75 74
CWIP 0 0 0 1 0 0 0 0 0
Investments 24 18 39 80 120 150 156 169 290
166 199 190 183 189 194 254 285 179
Total Assets 303 342 364 393 425 446 486 530 543

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 153 170 168 214 257 199 179 146
Days Payable 27 24 22 29 35 23 32 39
Cash Conversion Cycle 179 210 221 261 314 258 229 198
Working Capital Days 118 144 153 162 198 180 214 255
ROCE % 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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