BSE: 530589 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Prima Plastics Ltd is a average quality company.
The key valuation ratios of Prima Plastics 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 Prima Plastics 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 % ⓘ | 10.9% | 25.5% | 25.1% | 15.4% | 9.9% | 4.5% | 7.4% | 0.5% | 7.7% | 7% | - |
| Value Creation Index ⓘ | -0.2 | 0.8 | 0.8 | 0.1 | -0.3 | -0.7 | -0.5 | -1.0 | -0.5 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 86.3 | 94 | 84.3 | 94.1 | 111 | 98.7 | 91.5 | 111 | 139 | 119 | 121 |
| Sales YoY Gr. | - | 8.9% | -10.4% | 11.7% | 18.4% | -11.4% | -7.3% | 21% | 25.4% | -14.1% | - |
| Adj EPS ⓘ | 3 | 8.5 | 8.8 | 7 | 4.5 | 1.8 | 4.1 | -1.5 | 4.1 | 3.4 | 2.9 |
| YoY Gr. | - | 182.3% | 3.3% | -20.1% | -35.2% | -60% | 124.3% | -137.2% | NA | -16.9% | - |
| BVPS (₹) ⓘ | 38.6 | 44.9 | 53.7 | 58 | 60.6 | 60 | 63.9 | 61 | 65 | 64.9 | 63.3 |
| Adj Net Profit ⓘ | 3.3 | 9.3 | 9.6 | 7.7 | 5 | 2 | 4.5 | -1.7 | 4.6 | 3.8 | 3 |
| Cash Flow from Ops. ⓘ | 7.2 | 6.5 | -0.9 | -17.1 | -0.5 | 19.1 | 2.6 | -8.2 | 21 | 16.4 | - |
| Debt/CF from Ops. ⓘ | 0.5 | 0.1 | -5.6 | -1.7 | -63.1 | 1.1 | 7.9 | -6.1 | 2 | 2.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.7% | 1.4% | 9.2% | -14.1% | ||||
| Adj EPS ⓘ | 1.5% | -5.4% | -5.4% | -16.9% | ||||
| BVPSⓘ | 6% | 1.4% | 0.5% | -0.2% | ||||
| Share Price | 11.1% | 19.5% | 12.6% | -10.6% | ||||
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 % ⓘ | 7.8 | 20.3 | 17.8 | 12.5 | 7.6 | 3 | 6.6 | -2.4 | 6.6 | 5.3 | 4.5 |
| Op. Profit Mgn % ⓘ | 5 | 11.1 | 10.6 | 10.4 | 5.9 | 6.5 | 6.8 | 3 | 7.8 | 6.7 | 5.7 |
| Net Profit Mgn % ⓘ | 3.8 | 9.9 | 11.4 | 8.2 | 4.5 | 2 | 4.9 | -1.5 | 3.3 | 3.2 | 2.7 |
| Debt to Equity ⓘ | 0.1 | 0 | 0.1 | 0.5 | 0.5 | 0.3 | 0.3 | 0.8 | 0.6 | 0.5 | 0.1 |
| Working Cap Days ⓘ | 162 | 136 | 161 | 211 | 231 | 248 | 247 | 235 | 196 | 210 | 96 |
| Cash Conv. Cycle ⓘ | 120 | 105 | 114 | 133 | 146 | 164 | 164 | 160 | 136 | 141 | 39 |
Return on Equity has increased versus last 3 years average to 4.50%
Debt to equity has declined versus last 3 years average to 0.49
Sales growth has been subdued in last 3 years 9.23%
Net Profit has been subdued in last 3 years -5.37%
Sales growth is not so good in last 4 quarters at -9.94%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.9 | 18.3 |
| TTM Sales (₹ Cr.) | 121 | 181 |
| BVPS (₹.) ⓘ | 63.3 | 146.7 |
| Reserves (₹ Cr.) ⓘ | 59 | 150 |
| P/BV ⓘ | 2.39 | 1.03 |
| PE ⓘ | 51.99 | 8.27 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 145.60 / 254.00 |
| All Time Low / High (₹) | 2.25 / 315.00 |
| Market Cap (₹ Cr.) | 166 |
| Equity (₹ Cr.) | 11 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 39.5 |
| 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 | 94 | 84 | 94 | 111 | 99 | 92 | 111 | 139 | 119 |
| Operating Expenses ⓘ | 82 | 84 | 75 | 85 | 105 | 92 | 85 | 107 | 128 | 111 |
| Manufacturing Costs | 6 | 7 | 7 | 6 | 9 | 9 | 8 | 9 | 14 | 11 |
| Material Costs | 59 | 56 | 51 | 58 | 73 | 60 | 55 | 73 | 86 | 70 |
| Employee Cost | 5 | 5 | 7 | 10 | 12 | 13 | 12 | 13 | 15 | 17 |
| Other Costs ⓘ | 13 | 15 | 10 | 10 | 11 | 11 | 10 | 12 | 13 | 14 |
| Operating Profit ⓘ | 4 | 10 | 9 | 10 | 7 | 6 | 6 | 3 | 11 | 8 |
| Operating Profit Margin (%) | 4.8% | 10.9% | 10.5% | 10.2% | 5.9% | 6.4% | 6.6% | 3.0% | 7.7% | 6.7% |
| Other Income ⓘ | 2 | 4 | 6 | 4 | 5 | 1 | 4 | 1 | 4 | 4 |
| Interest ⓘ | 1 | 0 | 1 | 2 | 2 | 2 | 1 | 2 | 4 | 4 |
| Depreciation ⓘ | 1 | 2 | 1 | 1 | 2 | 3 | 3 | 3 | 5 | 5 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 12 | 14 | 10 | 7 | 2 | 5 | -2 | 5 | 4 |
| Tax ⓘ | 1 | 2 | 4 | 3 | 1 | 0 | 1 | 0 | 0 | 0 |
| Profit After Tax | 3 | 10 | 10 | 8 | 5 | 2 | 4 | -2 | 4 | 4 |
| PAT Margin (%) | 4.0% | 10.2% | 11.7% | 8.0% | 4.9% | 2.0% | 4.7% | -1.6% | 3.2% | 3.2% |
| Adjusted EPS (₹) | 3.1 | 8.8 | 8.9 | 6.9 | 5.0 | 1.8 | 3.9 | -1.6 | 4.0 | 3.5 |
| Dividend Payout Ratio (%) | 48% | 23% | 22% | 29% | 20% | 55% | 38% | 0% | 37% | 58% |
| 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 | 42 | 49 | 59 | 64 | 67 | 66 | 70 | 67 | 71 | 71 |
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 31 | 38 | 48 | 53 | 56 | 55 | 59 | 56 | 60 | 60 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 3 | 1 | 5 | 28 | 29 | 19 | 19 | 46 | 37 | 29 |
| Long Term Debt | 0 | 0 | 0 | 4 | 4 | 2 | 1 | 11 | 10 | 8 |
| Short Term Debt | 3 | 1 | 5 | 24 | 26 | 16 | 18 | 36 | 27 | 21 |
| Trade Payables | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 5 | 5 | 3 |
| Others Liabilities ⓘ | 7 | 6 | 6 | 6 | 7 | 7 | 8 | 10 | 16 | 17 |
| Total Liabilities ⓘ | 54 | 57 | 70 | 99 | 104 | 95 | 100 | 128 | 129 | 121 |
Fixed Assets | ||||||||||
| Gross Block | 42 | 39 | 21 | 27 | 29 | 33 | 35 | 41 | 68 | 70 |
| Accumulated Depreciation | 31 | 29 | 1 | 2 | 4 | 8 | 11 | 14 | 19 | 24 |
| Net Fixed Assetsⓘ | 11 | 10 | 20 | 25 | 25 | 25 | 25 | 27 | 49 | 46 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 16 | 0 | 1 |
| Investmentsⓘ | 2 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Inventories | 18 | 16 | 16 | 22 | 23 | 23 | 28 | 23 | 28 | 25 |
| Trade Receivables | 14 | 15 | 14 | 21 | 26 | 20 | 19 | 37 | 27 | 22 |
| Cash Equivalents | 3 | 7 | 3 | 2 | 1 | 4 | 2 | 2 | 2 | 2 |
| Others Assetsⓘ | 7 | 8 | 14 | 24 | 24 | 17 | 19 | 18 | 18 | 19 |
| Total Assets ⓘ | 54 | 57 | 70 | 99 | 104 | 95 | 100 | 128 | 129 | 121 |
| 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 ⓘ | 7 | 7 | -1 | -17 | 0 | 19 | 3 | -8 | 21 | 16 |
| PBT ⓘ | 4 | 12 | 14 | 10 | 7 | 2 | 5 | -2 | 5 | 4 |
| Adjustment ⓘ | 0 | -2 | -5 | -1 | 1 | 5 | 1 | 5 | 7 | 4 |
| Changes in Working Capital ⓘ | 4 | -1 | -7 | -23 | -7 | 12 | -3 | -11 | 10 | 8 |
| Tax Paid ⓘ | -1 | -2 | -3 | -3 | -1 | -1 | -1 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 2 | 3 | -7 | -3 | 3 | -1 | -3 | -17 | -8 | -4 |
| Capex | -1 | 0 | -10 | -7 | -2 | -2 | 0 | -17 | -11 | -4 |
| Net Investments | 0 | 1 | -3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | 3 | 6 | 4 | 5 | 1 | -3 | 1 | 3 | 0 |
| Cash Flow From Financing Activityⓘ | -9 | -5 | 4 | 19 | -3 | -16 | -2 | 25 | -14 | -13 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 3 | 0 | -1 | -2 | 10 | 0 | -2 |
| Interest Paid ⓘ | -1 | 0 | 0 | -1 | -2 | -2 | -1 | -2 | -4 | -4 |
| Dividend Paid ⓘ | -2 | -2 | 0 | -3 | -3 | -3 | 0 | -2 | 0 | -2 |
| Others ⓘ | -6 | -3 | 4 | 20 | 2 | -11 | 1 | 18 | -9 | -6 |
| Net Cash Flow ⓘ | 0 | 4 | -4 | -1 | -1 | 3 | -3 | 0 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.11 | 20.97 | 18.13 | 12.27 | 8.38 | 2.99 | 6.37 | -2.5 | 6.42 | 5.34 |
| ROCE (%) | 10.94 | 25.54 | 25.11 | 15.38 | 9.86 | 4.51 | 7.37 | 0.47 | 7.74 | 6.95 |
| Asset Turnover Ratio | 1.63 | 1.86 | 1.46 | 1.14 | 1.1 | 0.99 | 0.96 | 0.99 | 1.1 | 0.98 |
| PAT to CFO Conversion(x) | 2.33 | 0.7 | -0.1 | -2.13 | 0 | 9.5 | 0.75 | N/A | 5.25 | 4 | Working Capital Days |
| Receivable Days | 59 | 51 | 57 | 66 | 77 | 86 | 77 | 91 | 82 | 74 |
| Inventory Days | 73 | 60 | 62 | 72 | 74 | 86 | 99 | 83 | 67 | 80 |
| Payable Days | 16 | 7 | 8 | 9 | 8 | 13 | 19 | 20 | 20 | 20 |
Prima Plastics incorporated in 1993, is one of the leading exporters of plastic moulded furniture from India. With its state of the art production facilities situated at Daman, it has a phenomenal range and variety of products.
The company entered in aluminium composite panel (ACP) market in the year 2006-07 and from then it is making efforts to cater the real estate market and in process established as brand ‘Aluma’.
The complete range of items from chairs, dining tables, stools, baby chairs etc have been manufactured using the latest imported machinery and moulds. Prima is known for its international quality products, unmatched range of colours, unique and innovative designs, luster finish etc.
The company owns 42 models of plastic moulded chairs, 8 models of stools, 8 models of baby chairs, 3 models of dining tables, 4 models of teapoys, 4 models of center teapoy, 6 model of trolley, 2 model of planters, 2 models of rocker chairs, 2 models of shoe rack and fridge stand.
Products
Awards and Recognition
Prima Plastics bagged ‘Top Exports Award’ for five consecutive years starting from 1996 onwards.
The Company has won 11 top export awards from Plexcouncil of India in last 12 years which itself speaks of its performance on export front.
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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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