BSE: 526616 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that National Plastic Industries Ltd is a average quality company.
The key valuation ratios of National Plastic Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of National Plastic Industries 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.3% | 14.3% | 9.6% | 11.9% | 9.7% | 6.9% | 6% | 6.9% | 12.7% | 10.2% | - |
| Value Creation Index ⓘ | -0.3 | 0.0 | -0.3 | -0.2 | -0.3 | -0.5 | -0.6 | -0.5 | -0.1 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 86.1 | 99.3 | 94.4 | 104 | 112 | 114 | 76.5 | 82.6 | 112 | 98.4 | 103 |
| Sales YoY Gr. | - | 15.4% | -5% | 9.8% | 7.7% | 2.3% | -33.1% | 8.1% | 35.5% | -12.2% | - |
| Adj EPS ⓘ | 1.4 | 2.2 | -0 | 3.6 | 2.6 | 1.8 | 3.1 | 3 | 4.7 | 1.8 | 1.8 |
| YoY Gr. | - | 59.1% | -100.9% | NA | -27.7% | -30.1% | 72.9% | -5.1% | 59.3% | -62.6% | - |
| BVPS (₹) ⓘ | 25.2 | 26.2 | 24.7 | 28.3 | 29.3 | 30 | 32.7 | 34.9 | 39.8 | 41.7 | 43.1 |
| Adj Net Profit ⓘ | 1.3 | 2 | 0 | 3.3 | 2.4 | 1.7 | 2.9 | 2.7 | 4.3 | 1.6 | 2 |
| Cash Flow from Ops. ⓘ | 2.1 | 10.1 | 6.7 | 5.6 | 6.1 | 7.5 | 10 | 2.9 | 10.4 | 16.6 | - |
| Debt/CF from Ops. ⓘ | 17.1 | 3.5 | 5.8 | 7.4 | 7.3 | 5.5 | 4.2 | 14.7 | 3.6 | 2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1.5% | -2.5% | 8.8% | -12.2% | ||||
| Adj EPS ⓘ | 2.9% | -7.3% | -17.3% | -62.6% | ||||
| BVPSⓘ | 5.7% | 7.3% | 8.5% | 4.8% | ||||
| Share Price | 11.4% | 23.3% | 14.8% | 25.6% | ||||
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 % ⓘ | 5.4 | 8.5 | -0.1 | 13.5 | 9 | 6.1 | 10 | 8.8 | 12.7 | 4.4 | 4.3 |
| Op. Profit Mgn % ⓘ | 8.6 | 10.2 | 7.9 | 7.3 | 7.4 | 5.1 | 8.1 | 9 | 10.4 | 9.8 | 8.9 |
| Net Profit Mgn % ⓘ | 1.5 | 2 | -0 | 3.2 | 2.1 | 1.5 | 3.7 | 3.3 | 3.9 | 1.6 | 1.6 |
| Debt to Equity ⓘ | 1.6 | 1.5 | 1.7 | 1.6 | 1.7 | 1.5 | 1.4 | 1.4 | 1 | 1 | 0.3 |
| Working Cap Days ⓘ | 173 | 153 | 162 | 150 | 155 | 169 | 243 | 224 | 204 | 222 | 89 |
| Cash Conv. Cycle ⓘ | 92 | 77 | 80 | 81 | 93 | 101 | 147 | 151 | 143 | 150 | 43 |
Debt to equity has declined versus last 3 years average to 1.00
Return on Equity has declined versus last 3 years average to 4.30%
Sales growth has been subdued in last 3 years 8.77%
Net Profit has been subdued in last 3 years -17.31%
Sales growth is not so good in last 4 quarters at -0.65%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.8 | - |
| TTM Sales (₹ Cr.) | 103 | - |
| BVPS (₹.) ⓘ | 43.1 | - |
| Reserves (₹ Cr.) ⓘ | 30 | - |
| P/BV ⓘ | 1.57 | - |
| PE ⓘ | 37.12 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 52.70 / 88.31 |
| All Time Low / High (₹) | 1.20 / 110.00 |
| Market Cap (₹ Cr.) | 61.6 |
| Equity (₹ Cr.) | 9.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 86.05 | 99.33 | 94.35 | 103.58 | 111.60 | 114.19 | 76.45 | 82.64 | 112 | 98.38 |
| Operating Expenses ⓘ | 78.74 | 89.31 | 86.94 | 96.09 | 103.54 | 108.38 | 70.96 | 75.24 | 100.34 | 88.79 |
| Manufacturing Costs | 7.74 | 9.48 | 10.78 | 10.58 | 11.22 | 11.81 | 8.82 | 9.02 | 14.68 | 12.18 |
| Material Costs | 55.68 | 60.75 | 61.38 | 67.53 | 76.50 | 81.56 | 48.88 | 53.43 | 71.07 | 60.26 |
| Employee Cost | 3.63 | 4.08 | 5 | 5.82 | 6.24 | 6.39 | 5.41 | 5.48 | 6.31 | 7.03 |
| Other Costs ⓘ | 11.69 | 14.99 | 9.78 | 12.16 | 9.57 | 8.62 | 7.85 | 7.30 | 8.28 | 9.32 |
| Operating Profit ⓘ | 7.31 | 10.02 | 7.41 | 7.49 | 8.07 | 5.82 | 5.49 | 7.41 | 11.66 | 9.60 |
| Operating Profit Margin (%) | 8.5% | 10.1% | 7.9% | 7.2% | 7.2% | 5.1% | 7.2% | 9.0% | 10.4% | 9.8% |
| Other Income ⓘ | 0.43 | 0.20 | 0.46 | 2.70 | 1.47 | 1.89 | 1.36 | 0.31 | 0.34 | 0.72 |
| Interest ⓘ | 4.07 | 3.94 | 2.74 | 3.43 | 3.24 | 3.19 | 2.77 | 2.78 | 3.18 | 2.04 |
| Depreciation ⓘ | 1.79 | 1.79 | 2.12 | 2.53 | 2.84 | 2.88 | 2.61 | 2.62 | 2.59 | 2.66 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.88 | 4.49 | 3.01 | 4.23 | 3.46 | 1.63 | 1.46 | 2.32 | 6.23 | 5.61 |
| Tax ⓘ | 0.61 | 2.52 | 3.03 | 0.98 | 1.23 | -0.48 | -0.91 | -0.51 | 1.89 | 4 |
| Profit After Tax | 1.28 | 1.98 | -0.02 | 3.25 | 2.23 | 2.11 | 2.38 | 2.83 | 4.34 | 1.62 |
| PAT Margin (%) | 1.5% | 2.0% | 0.0% | 3.1% | 2.0% | 1.8% | 3.1% | 3.4% | 3.9% | 1.6% |
| Adjusted EPS (₹) | 1.4 | 2.2 | 0.0 | 3.6 | 2.4 | 2.3 | 2.6 | 3.1 | 4.8 | 1.8 |
| Dividend Payout Ratio (%) | 71% | 46% | -5,952% | 28% | 41% | 0% | 0% | 0% | 0% | 0% |
| 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 | 23.01 | 23.89 | 22.50 | 25.81 | 26.73 | 27.41 | 29.83 | 31.90 | 36.29 | 38.04 |
| Share Capital ⓘ | 9.13 | 9.13 | 9.13 | 9.13 | 9.13 | 9.13 | 9.13 | 9.13 | 9.13 | 9.13 |
| Reserves ⓘ | 13.88 | 14.76 | 13.37 | 16.68 | 17.60 | 18.28 | 20.70 | 22.77 | 27.16 | 28.91 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 33.90 | 33.41 | 37.78 | 39.89 | 42.60 | 40.39 | 35.96 | 43.04 | 36.81 | 38.02 |
| Long Term Debt | 10.04 | 10.23 | 13.97 | 12.91 | 15.45 | 12.81 | 11.88 | 14.05 | 13.26 | 11.10 |
| Short Term Debt | 23.85 | 23.18 | 23.81 | 26.98 | 27.15 | 27.58 | 24.07 | 28.98 | 23.55 | 26.92 |
| Trade Payables | 8.95 | 13.30 | 11.76 | 9.32 | 12.24 | 12.62 | 8.64 | 5.80 | 7.10 | 6.48 |
| Others Liabilities ⓘ | 4.66 | 5.53 | 12.09 | 10.37 | 15.14 | 14.45 | 19.62 | 13.38 | 14.14 | 16.83 |
| Total Liabilities ⓘ | 70.52 | 76.13 | 84.12 | 85.40 | 96.71 | 94.87 | 94.05 | 94.12 | 94.34 | 99.37 |
Fixed Assets | ||||||||||
| Gross Block | 55.87 | 59.25 | 67.50 | 70.74 | 75.15 | 77.17 | 80.06 | 75.12 | 76.18 | 78.77 |
| Accumulated Depreciation | 32.44 | 33.06 | 34.90 | 37.43 | 40.18 | 43.98 | 45.38 | 43.29 | 46.54 | 48.57 |
| Net Fixed Assetsⓘ | 23.44 | 26.19 | 32.59 | 33.31 | 34.97 | 33.19 | 34.68 | 31.83 | 29.64 | 30.20 |
| CWIP ⓘ | 0.05 | 0.11 | 0.15 | 0.30 | 0.02 | 0.01 | 0.01 | 0.17 | 0 | 0.14 |
| Investmentsⓘ | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 |
| Inventories | 22.39 | 21.76 | 22.11 | 22.79 | 27.69 | 22.73 | 25.96 | 30.35 | 26.19 | 26.33 |
| Trade Receivables | 16.03 | 18.79 | 19.25 | 19.17 | 24.58 | 27.92 | 20.88 | 20.66 | 25.64 | 18.16 |
| Cash Equivalents | 0.78 | 0.74 | 1.01 | 0.70 | 0.92 | 0.86 | 3 | 0.24 | 0.19 | 12.57 |
| Others Assetsⓘ | 7.83 | 8.54 | 9 | 9.13 | 8.53 | 10.15 | 9.50 | 10.86 | 12.69 | 11.98 |
| Total Assets ⓘ | 70.52 | 76.13 | 84.12 | 85.40 | 96.71 | 94.87 | 94.05 | 94.12 | 94.34 | 99.37 |
| 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 ⓘ | 2.09 | 10.12 | 6.72 | 5.57 | 6.08 | 7.48 | 10.02 | 2.93 | 10.39 | 16.63 |
| PBT ⓘ | 1.88 | 4.49 | 2.95 | 4.23 | 3.46 | 1.63 | 1.46 | 2.32 | 6.23 | 5.61 |
| Adjustment ⓘ | 5.89 | 7.68 | 4.57 | 7.75 | 6.55 | 5.79 | 6.19 | 5.66 | 6.24 | 4.67 |
| Changes in Working Capital ⓘ | -5.36 | -1.91 | -0.82 | -5.64 | -3.37 | 0.71 | 2.86 | -5.04 | -1.62 | 8.25 |
| Tax Paid ⓘ | -0.32 | -0.15 | 0.02 | -0.78 | -0.56 | -0.65 | -0.49 | -0.01 | -0.46 | -1.91 |
| Cash Flow From Investing Activity ⓘ | -0.65 | -4.68 | -7.45 | -3.42 | -4.86 | -0.47 | -4.08 | -0.59 | -1.10 | -3.01 |
| Capex | -1.51 | -4.66 | -7.05 | -3.47 | -4.90 | -0.51 | -4.11 | -0.62 | -1.12 | -3.04 |
| Net Investments | 0.77 | -0.05 | -0.43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.09 | 0.04 | 0.03 | 0.05 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.03 |
| Cash Flow From Financing Activityⓘ | -1.61 | -5.52 | 0.56 | -2.46 | -1 | -7.06 | -3.80 | -2.20 | -9.35 | -1.24 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -4.37 | 0.19 | 3.74 | -1.06 | 3.17 | -2.88 | -0.93 | 2.17 | -0.79 | -2.16 |
| Interest Paid ⓘ | -4.07 | -3.94 | -2.70 | -3.48 | -3.24 | -3.19 | 2.77 | 2.78 | -3.18 | -2.04 |
| Dividend Paid ⓘ | 0 | -1.10 | -1.10 | -1.10 | -1.10 | -1.10 | 0 | 0 | 0 | 0 |
| Others ⓘ | 6.82 | -0.67 | 0.62 | 3.17 | 0.17 | 0.11 | -5.65 | -7.15 | -5.38 | 2.96 |
| Net Cash Flow ⓘ | -0.17 | -0.09 | -0.17 | -0.32 | 0.22 | -0.06 | 2.14 | 0.13 | -0.06 | 12.38 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.5 | 8.43 | -0.07 | 13.46 | 8.48 | 7.8 | 8.3 | 9.15 | 12.73 | 4.35 |
| ROCE (%) | 10.25 | 14.32 | 9.55 | 11.9 | 9.69 | 6.91 | 6.02 | 6.92 | 12.69 | 10.24 |
| Asset Turnover Ratio | 1.35 | 1.56 | 1.4 | 1.46 | 1.44 | 1.37 | 0.93 | 1.02 | 1.19 | 1.02 |
| PAT to CFO Conversion(x) | 1.63 | 5.11 | N/A | 1.71 | 2.73 | 3.55 | 4.21 | 1.04 | 2.39 | 10.27 | Working Capital Days |
| Receivable Days | 63 | 56 | 62 | 57 | 61 | 73 | 101 | 79 | 75 | 81 |
| Inventory Days | 82 | 71 | 71 | 66 | 70 | 70 | 101 | 108 | 92 | 97 |
| Payable Days | 72 | 67 | 75 | 57 | 51 | 56 | 79 | 49 | 33 | 41 |
National Plastic Industries started its production in a very humble manner in the year 1952 in a 500 sq.ft. premises, manufacturing plastic buttons for shirts, etc. Slowly and steadily it kept on innovating new and interesting homeware products, which at a later date became the main thrust of innovation for the company. It did not take National Plastic long to become not only India’s largest manufacturer of houseware products but also the largest exporter of plastic housewares in India. The brand “National since 1952†became a household name in plastics in India.
National Plastic Industries then took a quantum leap and commenced the commercial production of Molded Furniture in 1994 and since then has gone from strength to strength. Today National Molded Furniture is available throughout India and has been widely accepted by both traders as well as consumers. There are over 75 models to suit all applications and all kinds of budgets. Consumers prefer National Molded Furniture for its quality, color and finishing.
Besides chairs, National Plastics Industries is one of the pioneers in bringing in a revolution for the use of plastic crates for the Beverage Industry in India. Today Plastic crates are very well accepted all over India for the soft-drink Industry, International brand like PEPSI, COCA-COLA, Cadbury schweps to Thumbs Up, are using National crates for crating their bottle besides numerous national and local brands.
Product range of the company includes:
The company is Asia's largest manufacturer of moulded furniture.
National products are available across 36 countries including America, Australia etc.
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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