Premium Plast Ltd
Founded in 1995, Premium Plast designs, manufactures, and supplies exterior, interior, and hood plastic parts directly to commercial vehicle manufacturers.[1]
- Market Cap ₹ 88.6 Cr.
- Current Price ₹ 46.4
- High / Low ₹ 51.8 / 35.5
- Stock P/E 18.5
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 36.2 %
- ROE 33.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company's cost of borrowing seems high
- Working capital days have increased from 61.5 days to 90.2 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: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 28.54 | 32.14 | 45.72 | 50.92 | |
| 23.82 | 27.60 | 40.27 | 40.65 | |
| Operating Profit | 4.72 | 4.54 | 5.45 | 10.27 |
| OPM % | 16.54% | 14.13% | 11.92% | 20.17% |
| 0.03 | 0.06 | 0.01 | 0.00 | |
| Interest | 1.86 | 1.41 | 1.39 | 1.63 |
| Depreciation | 1.92 | 2.22 | 1.86 | 2.19 |
| Profit before tax | 0.97 | 0.97 | 2.21 | 6.45 |
| Tax % | 21.65% | 20.62% | 27.60% | 25.89% |
| 0.76 | 0.78 | 1.59 | 4.78 | |
| EPS in Rs | ||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 85% |
| TTM: | 201% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| Last Year: | 34% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 4.76 | 4.76 | 4.76 | 4.76 |
| Reserves | 4.62 | 5.40 | 6.99 | 11.76 |
| 7.22 | 6.80 | 6.56 | 9.80 | |
| 8.83 | 8.21 | 10.75 | 11.77 | |
| Total Liabilities | 25.43 | 25.17 | 29.06 | 38.09 |
| 11.77 | 11.25 | 11.66 | 12.71 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| 13.66 | 13.92 | 17.40 | 25.38 | |
| Total Assets | 25.43 | 25.17 | 29.06 | 38.09 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 5.61 | 5.38 | 3.60 | 1.71 | |
| -1.91 | -1.69 | -2.27 | -3.24 | |
| -4.09 | -3.50 | -1.46 | 1.63 | |
| Net Cash Flow | -0.40 | 0.19 | -0.13 | 0.11 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 67.01 | 31.12 | 49.26 | 33.76 |
| Inventory Days | 128.80 | 143.50 | 108.06 | 182.62 |
| Days Payable | 129.72 | 117.50 | 108.39 | 69.36 |
| Cash Conversion Cycle | 66.10 | 57.12 | 48.93 | 147.02 |
| Working Capital Days | 46.17 | 49.17 | 45.03 | 90.17 |
| ROCE % | 14.18% | 20.41% | 36.21% |
Business Profile[1]
Premium Plast Ltd. is a Tier-1 supplier to commercial vehicle manufacturers, including Volvo Eicher Group. Its automotive components include durable and aesthetic exterior and interior parts made from engineered plastics through injection and blow molding techniques. It also manufactures under-the-hood components like ducts, reservoirs, and tanks.