Prima Plastics Ltd

Prima Plastics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Prima Plastics Ltd

₹ 168 1.91%
26 Dec - close price
primaplastics.com BSE: 530589
About

Incorporated in 1993, Prima Plastics Ltd manufactures and sells Plastic Articles and related products[1]

Key Points

Business Overview:[1]
PPL is a manufacturer & exporters of Plastic Products. It is certified with ISO 9001, ISO 14001 and OHSAS 18001 and is titled as One Star Export House by Ministry of commerce and industry DGFT Govt. Of India. Company
is one of the largest supplier of Waste Management Products under the Swachh Bharat Abhiyan to various municipal bodies in India

Website BSE
  • Market Cap ₹ 185 Cr.
  • Current Price ₹ 168
  • High / Low ₹ 254 / 140
  • Stock P/E 57.9
  • Book Value ₹ 63.3
  • Dividend Yield 1.19 %
  • ROCE 6.94 %
  • ROE 5.35 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 46.0%
  • Debtor days have improved from 86.8 to 68.5 days.

Cons

  • Stock is trading at 2.66 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.37% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 3.23% over last 3 years.
  • Earnings include an other income of Rs.4.55 Cr.

* 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
27.59 33.97 33.02 22.70 36.08 43.12 36.90 27.89 29.65 29.69 32.02 27.19 31.76
26.61 32.19 31.71 23.48 32.76 38.65 32.52 26.08 28.69 27.67 28.82 26.19 31.14
Operating Profit 0.98 1.78 1.31 -0.78 3.32 4.47 4.38 1.81 0.96 2.02 3.20 1.00 0.62
OPM % 3.55% 5.24% 3.97% -3.44% 9.20% 10.37% 11.87% 6.49% 3.24% 6.80% 9.99% 3.68% 1.95%
0.06 0.11 0.14 0.14 0.13 0.23 2.49 0.03 0.02 0.08 4.21 0.04 0.22
Interest 0.41 0.70 0.80 0.81 1.09 1.14 1.26 0.87 0.91 0.83 0.90 0.82 0.92
Depreciation 0.82 0.83 0.84 1.01 1.12 1.17 2.16 1.30 1.15 1.14 1.12 1.12 1.12
Profit before tax -0.19 0.36 -0.19 -2.46 1.24 2.39 3.45 -0.33 -1.08 0.13 5.39 -0.90 -1.20
Tax % -57.89% 38.89% 63.16% 3.66% -58.06% 35.15% -1.16% -24.24% -25.00% 53.85% 10.95% -13.33% -25.00%
-0.08 0.22 -0.31 -2.54 1.95 1.55 3.49 -0.25 -0.81 0.06 4.81 -0.77 -0.90
EPS in Rs -0.07 0.20 -0.28 -2.31 1.77 1.41 3.17 -0.23 -0.74 0.05 4.37 -0.70 -0.82
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
69 76 84 90 84 94 111 99 92 111 139 119 121
68 70 79 79 75 85 105 92 85 107 127 111 114
Operating Profit 1 6 4 10 9 10 7 6 6 3 12 8 7
OPM % 2% 8% 5% 12% 11% 10% 6% 7% 7% 3% 8% 7% 6%
5 1 2 4 6 4 5 1 4 0 3 4 5
Interest 1 1 1 0 1 1 2 2 1 2 4 4 3
Depreciation 2 2 1 2 1 1 2 3 3 3 5 5 4
Profit before tax 3 4 4 12 14 10 7 2 5 -2 5 4 3
Tax % 22% 22% 20% 20% 28% 28% 20% 14% 21% 2% 4% 7%
3 3 3 10 10 8 5 2 4 -2 4 4 3
EPS in Rs 2.39 2.90 3.13 8.75 8.94 6.85 4.97 1.80 3.95 -1.56 4.05 3.46 2.90
Dividend Payout % 42% 34% 48% 23% 22% 29% 20% 56% 38% 0% 37% 101%
Compounded Sales Growth
10 Years: 5%
5 Years: 1%
3 Years: 9%
TTM: -12%
Compounded Profit Growth
10 Years: 2%
5 Years: -7%
3 Years: -4%
TTM: -20%
Stock Price CAGR
10 Years: 11%
5 Years: 23%
3 Years: 19%
1 Year: 4%
Return on Equity
10 Years: 8%
5 Years: 4%
3 Years: 3%
Last Year: 5%

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 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 30 32 31 38 48 53 56 55 59 56 60 60 59
5 10 4 1 5 28 31 21 23 52 42 35 40
12 9 8 7 6 7 7 8 7 9 15 15 17
Total Liabilities 57 61 54 57 70 99 104 95 100 128 129 121 127
13 12 11 10 20 25 25 25 25 27 49 46 46
CWIP 0 0 0 0 0 0 0 0 3 16 0 1 1
Investments 2 2 2 2 4 4 4 4 4 4 4 4 4
43 47 41 45 47 70 75 65 68 80 75 69 76
Total Assets 57 61 54 57 70 99 104 95 100 128 129 121 127

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
1 -3 7 7 -1 -17 -0 19 3 -8 21 16
3 0 2 3 -7 -3 3 -1 -3 -17 -8 -4
-5 3 -9 -5 4 19 -3 -16 -2 25 -14 -13
Net Cash Flow -0 1 0 4 -4 -1 -1 3 -3 0 -0 0

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 73 79 60 61 61 82 86 75 77 121 71 69
Inventory Days 129 137 114 100 115 139 117 143 183 116 120 132
Days Payable 62 28 7 7 7 11 8 12 16 25 19 17
Cash Conversion Cycle 140 188 167 154 169 209 195 206 244 212 172 184
Working Capital Days 130 152 132 126 131 181 167 161 205 224 165 166
ROCE % 10% 11% 11% 25% 24% 15% 10% 5% 7% 0% 8% 7%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.42% 58.41% 58.40% 58.36% 58.33% 58.33% 58.33% 58.30% 58.28% 58.28% 58.27% 58.27%
41.58% 41.59% 41.60% 41.66% 41.66% 41.66% 41.67% 41.69% 41.72% 41.72% 41.74% 41.73%
No. of Shareholders 7,8587,9348,3088,0417,6247,2057,9577,7727,7819,5449,4738,959

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