Mega Flex Plastics Ltd

Mega Flex Plast. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mega Flex Plastics Ltd

₹ 43.2 1.17%
04 Feb - close price
megaflex.co.in NSE - SME: MEGAFLEX
About

Incorporated in 2003, Mega Flex Plastics
Ltd is in the business of manufacturing
Leno bags[1]

Key Points

Product Profile:[1]
a) Leno Bags:[2]
Leno bags are a cost-effective, water
and moisture resistant for packing, storing
& preserving vegetables like potato, onion,
ginger, garlic, cabbage etc. and fruits like pineapple, citrus fruits, raw mango, coco
nut etc. The Leno bags have widths
between 20 cm to 72 cm
b) Polypropylene Woven Fabric:[3]
It is a lightweight, strong, and resistant
to chemicals used as an essential component
in agriculture, packaging, and construction
c) Twisted Sutli:[4]
It is manufactured from Polypropylene
Granules and are mainly used for tying and stitchin bags

Website NSE - SM
  • Market Cap ₹ 48.0 Cr.
  • Current Price ₹ 43.2
  • High / Low ₹ 75.0 / 29.0
  • Stock P/E 28.4
  • Book Value ₹ 44.5
  • Dividend Yield 0.00 %
  • ROCE 0.70 %
  • ROE 0.48 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 0.97 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 3.93% over last 3 years.
  • Earnings include an other income of Rs.3.03 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: Packaging Industry: Packaging

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Half Yearly Results

Figures in Rs. Crores

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
20.03 26.44 21.17 31.51 23.57 24.83 17.28
19.09 23.74 20.42 30.17 24.44 24.36 17.88
Operating Profit 0.94 2.70 0.75 1.34 -0.87 0.47 -0.60
OPM % 4.69% 10.21% 3.54% 4.25% -3.69% 1.89% -3.47%
0.23 0.34 0.60 1.16 1.04 1.70 1.33
Interest 0.03 0.01 0.03 0.02 0.05 0.02 0.10
Depreciation 0.24 0.20 0.25 0.27 0.23 0.38 0.35
Profit before tax 0.90 2.83 1.07 2.21 -0.11 1.77 0.28
Tax % 25.56% 25.09% 25.23% 23.08% 0.00% 15.82% 25.00%
0.67 2.12 0.79 1.70 -0.11 1.48 0.21
EPS in Rs 3.82 12.08 0.74 1.58 -0.10 1.38 0.20
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
35.82 31.50 29.49 46.47 52.69 48.40 42.11
32.43 29.78 28.26 43.16 50.89 48.81 42.24
Operating Profit 3.39 1.72 1.23 3.31 1.80 -0.41 -0.13
OPM % 9.46% 5.46% 4.17% 7.12% 3.42% -0.85% -0.31%
1.90 1.94 1.59 0.91 1.70 2.74 3.03
Interest 0.16 0.14 0.07 0.04 0.05 0.07 0.12
Depreciation 0.84 0.70 0.55 0.47 0.52 0.61 0.73
Profit before tax 4.29 2.82 2.20 3.71 2.93 1.65 2.05
Tax % 26.11% 22.34% 41.82% 28.30% 26.62% 16.97%
3.18 2.20 1.29 2.66 2.15 1.37 1.69
EPS in Rs 18.12 12.54 7.35 15.16 2.00 1.28 1.58
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 18%
TTM: -24%
Compounded Profit Growth
10 Years: %
5 Years: -41%
3 Years: -43%
TTM: 6%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 7%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 4%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1.75 1.75 1.75 1.75 10.75 10.75 10.75
Reserves 23.08 25.35 26.64 29.30 34.03 35.45 37.05
0.56 0.26 0.41 0.00 0.00 0.00 0.56
4.02 2.64 3.20 3.10 2.47 1.62 2.85
Total Liabilities 29.41 30.00 32.00 34.15 47.25 47.82 51.21
6.66 6.01 5.57 5.65 5.98 5.77 6.73
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 7.28 10.17 6.40 8.77 4.61 5.41 10.17
15.47 13.82 20.03 19.73 36.66 36.64 34.31
Total Assets 29.41 30.00 32.00 34.15 47.25 47.82 51.21

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2.70 -0.60 3.81 4.46 -5.12 -2.02
2.34 1.05 -4.09 -2.45 4.65 1.06
-0.13 -0.35 0.11 -0.45 11.35 -0.07
Net Cash Flow -0.49 0.11 -0.16 1.57 10.87 -1.03

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 5.30 1.04 9.16 4.32 1.39 10.48
Inventory Days 55.02 60.44 57.08
Days Payable 1.64 4.67 1.18
Cash Conversion Cycle 5.30 1.04 9.16 57.70 57.16 66.39
Working Capital Days 38.01 43.68 89.24 40.53 45.30 52.49
ROCE % 10.24% 7.34% 11.53% 6.57% 0.70%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Oct 2024
73.32% 73.32% 73.32% 73.32% 73.32% 73.32%
1.65% 0.59% 1.42% 2.48% 1.87% 2.01%
25.03% 26.10% 25.25% 24.19% 24.81% 24.67%
No. of Shareholders 417377385371348328

* 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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