Is Mitsu Chem Plast a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mitsu Chem Plast Ltd is a average quality company .

Is Mitsu Chem Plast undervalued or overvalued?

The key valuation ratios of Mitsu Chem Plast Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Mitsu Chem Plast share price return in the past 10 years?

Data is not available for this company

Is Mitsu Chem Plast a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mitsu Chem Plast Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Mitsu Chem Plast Ltd - Stock Valuation and Financial Performance

Name: Mitsu Chem Plast
Brand: Mitsu Chem Plast

BSE: 540078 | NSE: | Plastic Products | Small Cap

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Mitsu Chem Plast Share Price

₹114.85 1.25 1.10%
as on 14-Nov'24 16:59

10 Year X-Ray of Mitsu Chem Plast:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	13.3%	14%	15%	15.6%	12.2%	14%	20%	19.9%	16.8%	13.9%	-
Value Creation Index ⓘ	-0.1	-0	0.1	0.1	-0.1	-0	0.4	0.4	0.2	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	87.9	88.8	94.2	112	125	139	178	258	309	311	317
Sales YoY Gr.	-	1%	6%	19.2%	11.1%	11.1%	28.7%	44.5%	19.9%	0.7%	-
Adj EPS ⓘ	0.7	1.8	2.2	2.8	3	3.3	7.5	8.8	9.7	6.2	6.1
YoY Gr.	-	153.6%	26.3%	28.5%	4.9%	11.1%	126%	17.5%	10.5%	-36.6%	-
BVPS (₹) ⓘ	8	9.4	11.7	18.1	21.4	24.3	31.9	41	50.2	61.9	67.9
Adj Net Profit ⓘ	0.8	1.9	2.4	3.4	3.7	4.1	9.3	10.9	12.1	8.4	8
Cash Flow from Ops. ⓘ	5.5	13.7	4.3	5.8	17.9	4.4	13.2	6.7	22	9.4	-
Debt/CF from Ops. ⓘ	6.9	2.6	8	5.9	3	14.5	4.9	10.1	3.5	8.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.1%	20.1%	20.4%	0.7%
Adj EPS ⓘ	27.5%	15.6%	-6.3%	-36.6%
BVPSⓘ	25.5%	23.7%	24.7%	23.2%
Share Price	-	12.7%	-21%	-35.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	7.4	17.3	19.6	19.4	15.2	14.5	26.6	24.1	21.3	11.8	9.4
Op. Profit Mgn % ⓘ	8.1	9.2	9.1	8.6	8.6	11.6	13	10	8.3	8.3	7.8
Net Profit Mgn % ⓘ	0.9	2.2	2.6	3	3	3	5.2	4.2	3.9	2.7	2.6
Debt to Equity ⓘ	3.7	3	2.7	1.6	2	2.1	1.6	1.3	1.2	1	0.2
Working Cap Days ⓘ	103	104	92	108	113	113	109	102	107	121	52
Cash Conv. Cycle ⓘ	79	77	66	82	75	76	76	67	64	72	9

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.40%

Return on Equity has declined versus last 3 years average to 9.40%

Net Profit has been subdued in last 3 years -6.27%

Debt to equity has increased versus last 3 years average to 1.01

Sales growth is not so good in last 4 quarters at 2.28%

Latest Financials - Mitsu Chem Plast Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.1	-
TTM Sales (₹ Cr.)	317	-
BVPS (₹.) ⓘ	67.9	-
Reserves (₹ Cr.) ⓘ	79	-
P/BV ⓘ	1.69	-
PE ⓘ	18.93	-

From the Market
52 Week Low / High (₹)	110.95 / 212.72
All Time Low / High (₹)	30.76 / 363.95
Market Cap (₹ Cr.)	156
Equity (₹ Cr.)	13.6
Face Value (₹)	10
Industry PE ⓘ	39.5

Management X-Ray of Mitsu Chem Plast:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mitsu Chem Plast

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Mitsu Chem Plast

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	88	89	94	112	125	139	178	258	309	311
Operating Expenses ⓘ	81	81	86	103	114	123	155	232	284	286
Manufacturing Costs	9	12	14	19	20	27	32	45	50	54
Material Costs	62	59	61	71	79	76	102	161	201	199
Employee Cost	5	6	7	8	9	11	12	14	17	19
Other Costs ⓘ	5	4	5	5	7	9	9	13	16	14
Operating Profit ⓘ	7	8	8	10	11	16	23	26	25	26
Operating Profit Margin (%)	8.1%	9.2%	8.9%	8.6%	8.5%	11.4%	12.9%	10.0%	8.2%	8.2%
Other Income ⓘ	0	0	1	0	0	0	1	1	2	1
Interest ⓘ	5	4	4	4	4	6	6	6	7	9
Depreciation ⓘ	2	2	2	2	2	4	4	5	5	6
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	1	3	3	4	4	6	14	16	15	12
Tax ⓘ	0	1	1	1	1	2	4	5	3	3
Profit After Tax	1	2	2	3	4	4	10	12	12	9
PAT Margin (%)	0.9%	2.1%	2.6%	3.1%	2.9%	2.9%	5.4%	4.5%	3.8%	2.8%
Adjusted EPS (₹)	0.6	1.8	2.2	2.9	2.9	3.2	7.8	9.3	9.5	6.9
Dividend Payout Ratio (%)	14%	4%	7%	6%	6%	6%	2%	2%	2%	3%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	10	12	13	22	27	30	40	51	62	79
Share Capital ⓘ	3	3	4	4	4	12	12	12	12	13
Reserves ⓘ	7	9	9	18	23	18	28	39	50	67
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	36	33	32	32	50	57	54	54	67	69
Long Term Debt	16	15	13	14	28	28	32	29	38	25
Short Term Debt	20	19	19	18	22	29	23	25	29	44
Trade Payables	3	5	4	4	10	6	11	14	24	21
Others Liabilities ⓘ	6	7	7	12	14	16	22	29	28	27
Total Liabilities ⓘ	56	56	56	69	99	109	127	148	181	197
Fixed Assets
Gross Block	21	33	37	40	74	80	86	92	108	129
Accumulated Depreciation	0	11	13	15	17	21	25	30	35	41
Net Fixed Assetsⓘ	21	22	24	26	57	59	60	62	72	87
CWIP ⓘ	0	0	0	4	0	0	1	0	10	1
Investmentsⓘ	0	0	0	0	0	1	1	0	0	0
Inventories	10	7	9	10	11	12	23	29	32	41
Trade Receivables	20	18	18	22	23	29	29	41	47	52
Cash Equivalents	2	8	3	3	2	2	5	2	0	0
Others Assetsⓘ	3	2	3	5	6	5	9	12	19	15
Total Assets ⓘ	56	56	56	69	99	109	127	148	181	197

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	5	14	4	6	18	4	13	7	22	9
PBT ⓘ	1	3	3	4	4	6	14	16	15	12
Adjustment ⓘ	6	6	5	5	6	10	9	9	11	14
Changes in Working Capital ⓘ	-1	6	-4	-3	8	-10	-8	-15	-1	-14
Tax Paid ⓘ	0	-1	-1	-1	-1	-1	-2	-3	-4	-2
Cash Flow From Investing Activity ⓘ	-3	-4	-4	-7	-30	-8	-8	-3	-27	-12
Capex	-3	-2	-4	-7	-30	-7	-6	-5	-28	-12
Net Investments	0	0	0	1	0	-1	-2	1	0	-1
Others ⓘ	0	-1	0	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	-2	-5	-6	2	11	3	-5	-2	3	3
Net Proceeds from Shares ⓘ	0	0	0	6	2	0	0	0	0	8
Net Proceeds from Borrowing ⓘ	0	-2	0	1	13	3	7	0	6	-12
Interest Paid ⓘ	-4	-4	-4	-3	-4	-6	-5	-5	-6	-8
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	3	1	-2	-2	0	7	-6	3	4	15
Net Cash Flow ⓘ	1	5	-5	1	-1	0	0	1	-2	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.91	20.09	21.25	20.18	14.87	14.02	27.75	25.4	20.83	12.5
ROCE (%)	13.26	13.99	15.04	15.61	12.17	13.95	20.03	19.85	16.82	13.85
Asset Turnover Ratio	2.02	1.86	1.99	1.79	1.48	1.33	1.51	1.87	1.88	1.65
PAT to CFO Conversion(x)	5	7	2	2	4.5	1	1.3	0.58	1.83	1
Working Capital Days
Receivable Days	64	66	59	65	66	68	59	50	52	58
Inventory Days	29	29	26	31	31	30	36	37	36	43
Payable Days	17	24	25	19	31	36	29	28	34	41

Mitsu Chem Plast Ltd Stock News

Mitsu Chem Plast Ltd FAQs

What is the share price of Mitsu Chem Plast?

Company share prices are keep on changing according to the market conditions. The closing price of Mitsu Chem Plast on 14-Nov-2024 16:59 is ₹114.8.

What is the market cap of Mitsu Chem Plast?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 16:59 the market cap of Mitsu Chem Plast stood at ₹155.9.

What is the P/E ratio of Mitsu Chem Plast?

The latest P/E ratio of Mitsu Chem Plast as of 14-Nov-2024 16:59 is 18.93.

What is the P/B ratio of Mitsu Chem Plast?

The latest P/B ratio of Mitsu Chem Plast as of 14-Nov-2024 16:59 is 1.69.

What is the 52-week high and low of Mitsu Chem Plast?

The 52-week high of Mitsu Chem Plast is ₹212.7 and the 52-week low is ₹111.0.

What is the TTM revenue of Mitsu Chem Plast?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mitsu Chem Plast is ₹317.1 ( Cr.) .

About Mitsu Chem Plast Ltd

The company was incorporated as Mitsu Chem Private Limited on September 23, 1988 under the Companies Act, 1956 bearing Registration No. 048925 and having its Registered Office in Mumbai, Maharashtra. The name of the Company was changed to Mitsu Chem Plast Private Limited vide special resolution dated May 11, 2016. Also, vide the same special resolution; the status of the company was changed to a public limited company. A fresh Certificate of Incorporation consequent upon change of name to Mitsu Chem Plast Limited was issued on June 08, 2016 by the Registrar of Companies, Mumbai.

The company’s blow moulded product portfolio consists of four major segments viz. Industrial Containers, Healthcare Furniture, Automotive components and Infrastructure Furniture. Its injection moulded product portfolio consists of Medical Devices and Accessories for Industrial Containers, Healthcare Furniture and Automotive components. Its products are manufactured under its brand “Mitsu” and the same are sold to various intermediary companies who, after minor value additions and / or modifications supply to various Automobile companies.

The company’s industrial packing products like open mouth / wide mouth drums, jerry cans, bottles and varied size containers are currently the preferred choice of some of the top Indian pharmaceutical companies and are also made of 100% food grade materials adhering to 21 CFR norms as per USFDA standards. Its end users include various national and international automobile companies, pharmaceutical & chemical companies, hospitals, and other corporate houses including National Peroxides, Galaxy Surfactants., Castrol India, Thermax, Cipla, Emcure Pharmaceuticals, Mylan India, Tata Ficosa and Tata Autocomp Systems, to name a few.

Business area of the company

The company is an ISO 9001:2008 and ISO TS/16494 (Unit - III) certified polymer based moulded products manufacturing company, engaged in the business of manufacturing and marketing of technically driven innovative products catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure related products & Emergency Handling Solutions. Currently it operates three manufacturing units for manufacture of various polymer based moulded products.

Milestones

1988: Incorporated under Companies Act, 1956 as Mitsu Chem Private Limited.
1989: Acquired Plot No. N-84 at MIDC, Tarapur and commenced production of blow moulded and injection moulded plastic products at Unit – I in Tarapur.
1990: Change in Promoters / Management of the Company.
1995: Acquired Plot No. N-83 at MIDC, Tarapur in the name of one of its Group Company and used the same for manufacturing activities of the company.
1999: Fresh agreement upon transfer of Plot No. N-83 in the name of the Company and fresh agreement of Plot No. N-84 upon submission of certificate of completion, entered into by MIDC, Tarapur.
2001: Company received its first ISO Certification.
2004: Product Patent received for ‘Mitsu Plastic Clamp’ under Design No. 195402.
2006: Maiden Bonus Issue of the company via Capitalizing Rs 41 lakh.
2007: Acquired Plot No. J-237 at MIDC, Tarapur for setting up Unit - II for the production of blow moulded plastic products.
2012: Acquired manufacturing premises Khasra No. 60/4 at Rudrapur, Uttarakhand (on leasehold basis) for setting up Unit - III mainly for manufacturing of blow moulded and injection moulded automotive parts and health care products.
2012: Acquired Office premises at 322-329 Gala Complex, Mulund, Mumbai for setting up of Registered Office.
2013: Obtained possession of additional manufacturing of PE-14 at Sanand, GIDC, Gujarat for future expansion of its manufacturing activities.
2014: Received ISO / TS 16949: 2009 for Blow and Injection Moulded Components like Rain Hood Plastic for Air Cleaner and Washer Bottles for Wiper Systems from TUV Rheinland, Germany.
2015: Obtained the CE certification from Standards Certification Council for its blow moulded product of Spine Board.
2015: Gross Revenue crosses more than Rs 100 crore.
2016: Change in the name & status of the Company from Mitsu Chem Private Limited to Mitsu Chem Plast Limited.
2016: Sub Division of the Face Value of the Equity Shares from Rs 100 to Rs 10 each.