BSE: 0 | NSE: PREMIUM | Auto Ancillary |
Past 10 year's financial track record analysis by Moneyworks4me indicates that Premium Plast Ltd is a average quality company.
The key valuation ratios of Premium Plast Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Premium Plast Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 14% | 20.4% | 36.2% | - |
| Value Creation Index ⓘ | 0 | 0.5 | 1.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 31 | 44 | 46.7 | 47 |
| Sales YoY Gr. | - | 42.1% | 6.1% | - |
| Adj EPS ⓘ | 0.8 | 1.7 | 5 | 2.5 |
| YoY Gr. | - | 103.7% | 200.6% | - |
| BVPS (₹) ⓘ | 10.7 | 12.3 | 17.4 | 28.2 |
| Adj Net Profit ⓘ | 0.8 | 1.6 | 4.8 | 5 |
| Cash Flow from Ops. ⓘ | 5.4 | 3.6 | 1.7 | - |
| Debt/CF from Ops. ⓘ | 1.3 | 1.8 | 5.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 6.1% | ||||
| Adj EPS ⓘ | NA | NA | NA | 200.6% | ||||
| BVPSⓘ | NA | NA | NA | 40.7% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 7.7 | 14.6 | 33.8 | 11 |
| Op. Profit Mgn % ⓘ | 14.7 | 12.4 | 22 | NAN |
| Net Profit Mgn % ⓘ | 2.5 | 3.6 | 10.2 | 10.2 |
| Debt to Equity ⓘ | 0.7 | 0.6 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 124 | 152 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 31 | 53 | 0 |
Debt to equity has declined versus last 3 years average to 0.59
Return on Equity has declined versus last 3 years average to 11.00%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.5 | 2.5 |
| TTM Sales (₹ Cr.) | 46.7 | 46.7 |
| BVPS (₹.) ⓘ | 28.2 | 10 |
| Reserves (₹ Cr.) ⓘ | 35 | - |
| P/BV ⓘ | 1.67 | 4.71 |
| PE ⓘ | 18.84 | 18.84 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 90 |
| Equity (₹ Cr.) | 19.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 50.3 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Sales | 30.99 | 44.04 | 46.71 |
| Operating Expenses ⓘ | 26.45 | 38.59 | 36.44 |
| Manufacturing Costs | 1.77 | 1.92 | 2.35 |
| Material Costs | 22.18 | 33.54 | 30.52 |
| Employee Cost | 1.64 | 2.05 | 2.25 |
| Other Costs ⓘ | 0.86 | 1.08 | 1.33 |
| Operating Profit ⓘ | 4.54 | 5.45 | 10.27 |
| Operating Profit Margin (%) | 14.6% | 12.4% | 22.0% |
| Other Income ⓘ | 0.06 | 0.01 | 0 |
| Interest ⓘ | 1.41 | 1.39 | 1.63 |
| Depreciation ⓘ | 2.22 | 1.86 | 2.19 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.97 | 2.21 | 6.45 |
| Tax ⓘ | 0.20 | 0.61 | 1.68 |
| Profit After Tax | 0.78 | 1.59 | 4.78 |
| PAT Margin (%) | 2.5% | 3.6% | 10.2% |
| Adjusted EPS (₹) | 0.8 | 1.7 | 5.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 10.16 | 11.75 | 16.53 | |||||||
| Share Capital ⓘ | 4.76 | 4.76 | 4.76 | |||||||
| Reserves ⓘ | 5.40 | 6.99 | 11.76 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 5.12 | 5.05 | 8.31 | |||||||
| Long Term Debt | 2.56 | 2.56 | 5.03 | |||||||
| Short Term Debt | 2.56 | 2.50 | 3.28 | |||||||
| Trade Payables | 7.14 | 9.96 | 5.80 | |||||||
| Others Liabilities ⓘ | 2.75 | 2.29 | 7.46 | |||||||
| Total Liabilities ⓘ | 25.17 | 29.05 | 38.09 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 24.32 | 26.59 | 29.83 | |||||||
| Accumulated Depreciation | 13.07 | 14.93 | 17.12 | |||||||
| Net Fixed Assetsⓘ | 11.25 | 11.66 | 12.71 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 0 | 0 | 0 | |||||||
| Inventories | 8.72 | 9.93 | 15.27 | |||||||
| Trade Receivables | 2.75 | 6.17 | 4.71 | |||||||
| Cash Equivalents | 0.23 | 0.10 | 0.20 | |||||||
| Others Assetsⓘ | 2.23 | 1.20 | 5.20 | |||||||
| Total Assets ⓘ | 25.17 | 29.05 | 38.09 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5.38 | 3.60 | 1.71 |
| PBT ⓘ | 0.97 | 2.21 | 6.45 |
| Adjustment ⓘ | 3.62 | 3.25 | 3.81 |
| Changes in Working Capital ⓘ | 0.96 | -1.31 | -6.94 |
| Tax Paid ⓘ | -0.18 | -0.55 | -1.61 |
| Cash Flow From Investing Activity ⓘ | -1.69 | -2.27 | -3.24 |
| Capex | -1.69 | -2.27 | -3.24 |
| Net Investments | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -3.50 | -1.46 | 1.63 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2.62 | 0 | 2.47 |
| Interest Paid ⓘ | -1.41 | -1.39 | -1.63 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 0.53 | -0.07 | 0.78 |
| Net Cash Flow ⓘ | 0.19 | -0.13 | 0.11 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.65 | 14.55 | 33.78 | |||||||
| ROCE (%) | 14.03 | 20.39 | 36.2 | |||||||
| Asset Turnover Ratio | 1.23 | 1.69 | 1.52 | |||||||
| PAT to CFO Conversion(x) | 6.9 | 2.26 | 0.36 | Working Capital Days | ||||||
| Receivable Days | 32 | 36 | 39 | |||||||
| Inventory Days | 103 | 74 | 90 | |||||||
| Payable Days | 117 | 93 | 94 | |||||||
Premium Plast Limited was incorporated under the name and style of ‘Premium Plast Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 14, 1995 issued by the Additional Registrar of Companies, Maharashtra. Subsequently, the company was converted into a public limited company pursuant to a resolution passed by its Shareholders in an Extraordinary General Meeting held on June 24, 2019 and consequently the name of the company was changed to ‘Premium Plast Limited’ and a fresh certificate of incorporation dated December 10, 2019 was issued by the Registrar of Companies, Maharashtra at Mumbai.
The company is a tier-1 (tier-1 companies are companies that directly supply to original equipment manufacturers (OEMs)) automotive component group. It designs, manufactures and supply, exterior plastic components, interior cabin components, under the hood components to commercial vehicle OEMs directly. It is an IATF-16949, ISO 9001:2015, and ISO 14001:2004 specialised plastic injection and blow mould components manufacturer. It manufactures a wide variety of injection and blow moulded plastic articles for a broad group of industries and applications. Its products broadly include automotive parts, plastic industrial components and packaging components, which cater to a diverse range of industries. It manufactures automobile components for commercial vehicles of the ‘Volvo Group’.
Since incorporation, it has been the company’s vision and focus to manufacture and supply superior quality products to its customers, which has enabled it to expand its business operations. It has a quality control and assurance division (Quality Division) in all its manufacturing units which carries out the required tests on the materials received including raw materials which are used in the manufacturing process and also on the final products. It undertakes various strength tests like load and fatigue tests, vibration tests, cyclical endurance tests, chemical / heat resistance and such other tests. These tests ensure that its products meet the industry standards required by its clients for safety, durability and environment. As per the requirement of its customers, it obtains industry standard tests certificates from its suppliers for the raw materials procured by them used by the company and also from NABL accredited third party laboratories for specific products.
Business area of the company
The company is a tier-1 (tier-1 companies are companies that directly supply to OEMs) automotive component group. It designs, manufactures and supply, exterior plastic components, interior cabin components, under the hood components to commercial vehicle OEMs directly.
Products of the company
Automotive components
Other Components
Awards and accreditations
History and milestones
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