BSE: 526415 | NSE: | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that OK Play India Ltd is a below average quality company.
The key valuation ratios of OK Play India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of OK Play India 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 % ⓘ | 5.8% | 5.5% | 9.7% | 8.8% | 13.4% | 3.7% | 4.2% | 0.3% | 9.1% | 10.4% | - |
| Value Creation Index ⓘ | -0.6 | -0.6 | -0.3 | -0.4 | -0.1 | -0.7 | -0.7 | -1.0 | -0.4 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 56.7 | 97.2 | 69.4 | 109 | 119 | 64.4 | 67.5 | 72.1 | 133 | 145 | 126 |
| Sales YoY Gr. | - | 71.6% | -28.6% | 57.1% | 9.1% | -45.9% | 4.8% | 6.8% | 84.3% | 9.3% | - |
| Adj EPS ⓘ | -0 | 0.3 | 0 | 0.4 | 0.3 | -0.1 | -0.4 | -0.4 | -0.2 | 0.3 | 0.2 |
| YoY Gr. | - | NA | -100% | NA | -25.7% | -142.3% | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 1.9 | 1.8 | 2.3 | 2.3 | 3.2 | 3.1 | 2.7 | 2.3 | 2.1 | 4.2 | 4.3 |
| Adj Net Profit ⓘ | -0.6 | 4.6 | 0.1 | 6.6 | 5 | -2.2 | -6.9 | -8.2 | -3.7 | 7.3 | 6 |
| Cash Flow from Ops. ⓘ | -17.7 | 17.4 | 69 | 11.5 | 31.7 | 21.5 | 28.8 | -9.6 | 10.4 | 1.6 | - |
| Debt/CF from Ops. ⓘ | -4.8 | 4.8 | 1.3 | 9.9 | 3.5 | 5.6 | 4.1 | -13.4 | 12.7 | 64 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11% | 4.1% | 29.1% | 9.3% | ||||
| Adj EPS ⓘ | NA | -0.8% | NA | NA | ||||
| BVPSⓘ | 9% | 5.4% | 15.4% | 102.9% | ||||
| Share Price | 3.5% | 59.7% | 83.1% | -14.1% | ||||
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 % ⓘ | -1.7 | 13.8 | 0.2 | 13.5 | 8.8 | -3.6 | -12.4 | -17 | -9 | 8.4 | 4.3 |
| Op. Profit Mgn % ⓘ | -20.9 | 19.1 | 20.6 | 20.8 | 23.6 | 17.1 | 19.8 | 10.5 | 17.3 | 12.6 | 5.9 |
| Net Profit Mgn % ⓘ | -1 | 4.8 | 0.1 | 6 | 4.2 | -3.4 | -10.2 | -11.3 | -2.8 | 5 | 4.5 |
| Debt to Equity ⓘ | 2.4 | 2.6 | 2.2 | 2.6 | 1.8 | 2.1 | 2.3 | 2.9 | 3.4 | 0.8 | 0.4 |
| Working Cap Days ⓘ | 528 | 310 | 434 | 319 | 303 | 572 | 563 | 498 | 259 | 268 | 222 |
| Cash Conv. Cycle ⓘ | 232 | 141 | 211 | 155 | 149 | 289 | 266 | 271 | 161 | 161 | 78 |
Return on Equity has increased versus last 3 years average to 4.30%
Sales growth is growing at healthy rate in last 3 years 29.07%
Debt to equity has declined versus last 3 years average to 0.83
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -10.89%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.2 | 0.1 |
| TTM Sales (₹ Cr.) | 126 | 179 |
| BVPS (₹.) ⓘ | 4.3 | 4 |
| Reserves (₹ Cr.) ⓘ | 99 | 92 |
| P/BV ⓘ | 3.69 | 3.94 |
| PE ⓘ | 84.96 | 323.10 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 10.62 / 21.50 |
| All Time Low / High (₹) | 0.15 / 23.94 |
| Market Cap (₹ Cr.) | 487 |
| Equity (₹ Cr.) | 31.1 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 43 |
| Pledged * | 84.45 | 84.45 | 84.16 | 72.71 | 72.71 | 77.70 | 79.45 | 81.37 | 81.37 | 73.80 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57 | 97 | 69 | 109 | 119 | 64 | 67 | 72 | 133 | 145 |
| Operating Expenses ⓘ | 69 | 79 | 55 | 86 | 91 | 54 | 54 | 64 | 110 | 127 |
| Manufacturing Costs | 9 | 11 | 11 | 24 | 24 | 17 | 14 | 21 | 36 | 32 |
| Material Costs | 25 | 51 | 25 | 46 | 48 | 23 | 28 | 29 | 49 | 72 |
| Employee Cost | 7 | 7 | 8 | 10 | 13 | 10 | 8 | 8 | 15 | 15 |
| Other Costs ⓘ | 29 | 10 | 11 | 7 | 7 | 5 | 4 | 6 | 10 | 8 |
| Operating Profit ⓘ | -12 | 18 | 14 | 23 | 28 | 11 | 13 | 8 | 23 | 18 |
| Operating Profit Margin (%) | -21.1% | 19.0% | 20.6% | 20.8% | 23.2% | 16.5% | 19.8% | 10.5% | 17.3% | 12.4% |
| Other Income ⓘ | 23 | 0 | 1 | 4 | 4 | 4 | 3 | 4 | 0 | 13 |
| Interest ⓘ | 9 | 11 | 11 | 13 | 15 | 14 | 16 | 12 | 16 | 14 |
| Depreciation ⓘ | 3 | 3 | 3 | 5 | 7 | 8 | 9 | 11 | 7 | 8 |
| Exceptional Items ⓘ | -1 | -9 | 0 | -8 | -3 | 0 | 0 | 0 | 0 | -2 |
| Profit Before Tax ⓘ | -2 | -4 | 1 | 1 | 8 | -8 | -9 | -11 | 0 | 7 |
| Tax ⓘ | -1 | -2 | 1 | 0 | 5 | -5 | -2 | -3 | 4 | 2 |
| Profit After Tax | -2 | -2 | 1 | 1 | 3 | -3 | -7 | -8 | -4 | 6 |
| PAT Margin (%) | -2.9% | -2.1% | 0.9% | 0.7% | 2.5% | -4.3% | -10.4% | -11.4% | -2.9% | 4.0% |
| Adjusted EPS (₹) | -0.1 | -0.1 | 0.0 | 0.0 | 0.2 | -0.1 | -0.4 | -0.4 | -0.2 | 0.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 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 | 35 | 33 | 42 | 43 | 62 | 59 | 52 | 44 | 40 | 121 |
| Share Capital ⓘ | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 29 |
| Reserves ⓘ | 17 | 15 | 24 | 24 | 43 | 40 | 33 | 25 | 20 | 92 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 66 | 60 | 65 | 104 | 89 | 102 | 80 | 88 | 98 | 73 |
| Long Term Debt | 33 | 19 | 28 | 80 | 57 | 74 | 50 | 54 | 70 | 45 |
| Short Term Debt | 33 | 41 | 37 | 24 | 32 | 28 | 30 | 34 | 29 | 28 |
| Trade Payables | 8 | 14 | 15 | 11 | 11 | 9 | 16 | 18 | 20 | 5 |
| Others Liabilities ⓘ | 25 | 38 | 46 | 33 | 44 | 43 | 71 | 61 | 61 | 60 |
| Total Liabilities ⓘ | 134 | 144 | 169 | 192 | 206 | 212 | 220 | 211 | 218 | 259 |
Fixed Assets | ||||||||||
| Gross Block | 80 | 87 | 111 | 128 | 159 | 172 | 185 | 154 | 162 | 161 |
| Accumulated Depreciation | 48 | 50 | 54 | 59 | 64 | 72 | 81 | 84 | 91 | 67 |
| Net Fixed Assetsⓘ | 32 | 37 | 57 | 69 | 96 | 100 | 104 | 71 | 71 | 94 |
| CWIP ⓘ | 4 | 13 | 8 | 14 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 48 | 48 | 48 |
| Inventories | 11 | 27 | 34 | 40 | 47 | 50 | 57 | 48 | 54 | 54 |
| Trade Receivables | 29 | 38 | 29 | 21 | 17 | 10 | 9 | 27 | 31 | 16 |
| Cash Equivalents | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 |
| Others Assetsⓘ | 49 | 20 | 30 | 37 | 36 | 42 | 41 | 16 | 12 | 45 |
| Total Assets ⓘ | 134 | 144 | 169 | 192 | 206 | 212 | 220 | 211 | 218 | 259 |
| 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 ⓘ | -18 | 17 | 69 | 11 | 32 | 21 | 29 | -10 | 10 | 2 |
| PBT ⓘ | -2 | -4 | 1 | 1 | 8 | -8 | -9 | -11 | 0 | 7 |
| Adjustment ⓘ | 15 | 15 | 14 | 17 | 23 | 22 | 25 | 23 | 22 | 23 |
| Changes in Working Capital ⓘ | -21 | 17 | 54 | -6 | 1 | 7 | 15 | -21 | -12 | -29 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -7 | -16 | -19 | -23 | -20 | -12 | -12 | -13 | -8 | -32 |
| Capex | -7 | -16 | -20 | -23 | -20 | -12 | -13 | -14 | -8 | -32 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 18 | -1 | -48 | 11 | -12 | -10 | -17 | 22 | -3 | 31 |
| Net Proceeds from Shares ⓘ | 2 | 0 | 9 | 0 | 8 | 0 | 0 | 0 | 0 | 76 |
| Net Proceeds from Borrowing ⓘ | 4 | -16 | -35 | 36 | -11 | 14 | -4 | 5 | 14 | -30 |
| Interest Paid ⓘ | 0 | 0 | -11 | -13 | -15 | -14 | -16 | -12 | -16 | -14 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 13 | 14 | -11 | -12 | 6 | -9 | 4 | 29 | -2 | -1 |
| Net Cash Flow ⓘ | -6 | 0 | 1 | 0 | 0 | -1 | 0 | -1 | -1 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -4.84 | -5.92 | 1.73 | 1.72 | 5.62 | -4.53 | -12.59 | -17.08 | -9.33 | 7.14 |
| ROCE (%) | 5.77 | 5.51 | 9.7 | 8.76 | 13.37 | 3.69 | 4.2 | 0.28 | 9.1 | 10.39 |
| Asset Turnover Ratio | 0.45 | 0.74 | 0.48 | 0.61 | 0.6 | 0.31 | 0.31 | 0.33 | 0.62 | 0.61 |
| PAT to CFO Conversion(x) | N/A | N/A | 69 | 11 | 10.67 | N/A | N/A | N/A | N/A | 0.33 | Working Capital Days |
| Receivable Days | 187 | 119 | 164 | 85 | 59 | 76 | 51 | 90 | 80 | 60 |
| Inventory Days | 108 | 69 | 148 | 123 | 133 | 275 | 289 | 264 | 140 | 136 |
| Payable Days | 134 | 77 | 211 | 106 | 87 | 159 | 164 | 212 | 141 | 62 |
OK Play India was initially incorporated under the name of Aquapure Containers Ltd in 1988 to manufacture Water Storage Tanks.
Since its inception, OK Play India has passionately pursued leadership in plastic moulding technology. Today, with a range of world class products, the company is the largest manufacturer of plastic moulded toys, children furniture and playground equipment in the country. Recognized time and again as the undisputed leader in this competitive market.
With complete in-house capabilities to develop products, right from designing to mould making and moulding, the company offers cost effective and fast solutions for diverse applications. This coupled with its team of competent, dedicated and qualified professionals, who guarantee time bound deliveries, make OK PLAY a reliable one stop shop for its customers. They have today diversified into varied product categories.
In 1992 the company acquired a British toy manufacturing company by the name of OK Play. It subsequently diversified into the manufacturing of toys and changed its name to OK Play India Limited in 1993.
The company came out with a public issue in February 1994 amounting to Rs.425 Lacs, which was fully subscribed.
In July 2007 the company issued Foreign Currency Convertible Bonds for $ 10 million.The company got into a technical collaboration with Solar Plastic Inc., (a USA based company) market leaders in roto-moulded plastic products in the same year.
In May 2008 the company tied up with Belgium based toy company, Toykimo, and introduced a range of construction toys.
To meet the growing needs of the retail sector the company entered into marketing, technical and manufacturing agreement with Purform-one of the largest selling mannequin brand in the world from New Zealand.
Product range of the company includes:
Achievements/ recognition:
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