Wim Plast Ltd - Stock Valuation and Financial Performance

BSE: 526586 | NSE: WIMPLAST | Plastic Products | Small Cap

Wim Plast Share Price

618.50 12.80 2.11%
as on 14-Nov'24 16:59

DeciZen - make an informed investing decision on Wim Plast

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Wim Plast stock performance -

mw4me loader
P/E Ratio (SA):
11.87
Market Cap:
742.4 Cr.
52-wk low:
465.5
52-wk high:
739

Is Wim Plast Ltd an attractive stock to invest in?

1. Is Wim Plast Ltd a good quality company?

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

2. Is Wim Plast Ltd undervalued or overvalued?

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

3. Is Wim Plast Ltd a good buy now?

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

10 Year X-Ray of Wim Plast:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Wim Plast Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 32.7%33.3%30.6%24.1%19.1%16.7%11.7%12%12.7%15.8%-
Value Creation
Index
1.31.41.20.70.40.2-0.2-0.1-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 366359351384352317262317329343354
Sales YoY Gr.--1.9%-2.2%9.4%-8.4%-9.9%-17.5%21.1%4%4.1%-
Adj EPS 31.737.540.537.132.736.926.929.432.340.452.1
YoY Gr.-18.2%8%-8.3%-12%13.1%-27.2%9.3%9.8%25.1%-
BVPS (₹) 147.9178.3218.6247.4271.6292.3319.2344.1370.1408.3426.8
Adj Net
Profit
38.14548.644.639.244.332.335.338.848.563
Cash Flow from Ops. 43.637.149.222.453.966.241.126.46546.3-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.7%-0.5%9.4%4.1%
Adj EPS 2.7%4.3%14.5%25.1%
BVPS11.9%8.5%8.6%10.3%
Share Price -1.7% 10.9% 9.3% 0.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
23.22320.415.912.613.18.88.99.110.412.5
Op. Profit
Mgn %
16.820.923.521.121.221.220.616.817.817.817.2
Net Profit
Mgn %
10.412.513.811.611.11412.411.211.814.117.7
Debt to
Equity
00000000000
Working Cap
Days
95106135156182199246207226263219
Cash Conv.
Cycle
667496122151168207176164145203

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.50%

Net Profit is growing at healthy rate in last 3 years 14.50%

Sales growth has been subdued in last 3 years 9.44%

Sales growth is not so good in last 4 quarters at 7.94%

Latest Financials - Wim Plast Ltd.

Standalone Consolidated
TTM EPS (₹) 52.1 45.9
TTM Sales (₹ Cr.) 354 354
BVPS (₹.) 426.8 420.6
Reserves (₹ Cr.) 500 493
P/BV 1.45 1.47
PE 11.87 13.48
From the Market
52 Week Low / High (₹) 465.50 / 739.00
All Time Low / High (₹) 7.47 / 1690.00
Market Cap (₹ Cr.) 742
Equity (₹ Cr.) 12
Face Value (₹) 10
Industry PE 39.5

Management X-Ray of Wim Plast:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Wim Plast

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales366359351384352317262317329343
Operating Expenses 305284269303278250208264271282
Manufacturing Costs31372940394032373940
Material Costs242203186219194165141186188191
Employee Cost 12161821222317222325
Other Costs 19293624222217192126
Operating Profit 61758281746754535961
Operating Profit Margin (%) 16.8%20.9%23.4%21.1%21.2%21.1%20.5%16.7%17.8%17.8%
Other Income 1222287111025
Interest 0000000000
Depreciation 9111215171818161412
Exceptional Items 0000000000
Profit Before Tax 54657367595643485474
Tax 15202423201111121418
Profit After Tax 38454945394532354156
PAT Margin (%) 10.5%12.6%13.8%11.6%11.2%14.3%12.3%11.2%12.4%16.3%
Adjusted EPS (₹)32.037.640.537.232.737.726.929.434.046.4
Dividend Payout Ratio (%)16%16%17%19%21%19%19%27%25%22%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 178214262297326351383413444490
Share Capital 661212121212121212
Reserves 172208250285314339371401432477
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables9151414121313111720
Others Liabilities 26202722262126182620
Total Liabilities 213249303333364384422442486530

Fixed Assets

Gross Block153165125152179186193194178188
Accumulated Depreciation6778122744587692101113
Net Fixed Assets86871131251351281171027775
CWIP 0000010000
Investments 0024193980120150156170
Inventories52707810397951031029276
Trade Receivables41485166786466687486
Cash Equivalents 1425146425679
Others Assets201922151113121481114
Total Assets 213249303333364384422442486530

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 44374922546641266546
PBT 54657367595643485474
Adjustment 810101415121165-12
Changes in Working Capital -4-19-11-39-213-2-15210
Tax Paid -14-19-23-19-18-16-11-12-15-16
Cash Flow From Investing Activity -28-10-61-20-46-47-38-21-57-30
Capex -29-12-38-27-27-10-6-1-59
Net Investments 00-247-19-39-36-24-7-2
Others 11200244-45-37
Cash Flow From Financing Activity -6-160-10-10-210-6-10-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -5-130-8-8-170-6-10-10
Others -1-30-2-2-40000
Net Cash Flow 1011-11-7-2-23-1-26
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)23.3523.0620.4115.9712.613.388.88.889.5111.93
ROCE (%)32.7133.330.5524.119.1116.6811.7211.9912.7215.77
Asset Turnover Ratio2.121.851.421.231.070.880.650.740.720.69
PAT to CFO Conversion(x)1.160.8210.491.381.471.280.741.590.82
Working Capital Days
Receivable Days30384654707991767783
Inventory Days505269849810713811610587
Payable Days17222824252733242735

Wim Plast Ltd Stock News

Wim Plast Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Wim Plast on 14-Nov-2024 16:59 is ₹618.5.
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 Wim Plast stood at ₹742.4.
The latest P/E ratio of Wim Plast as of 14-Nov-2024 16:59 is 11.87.
The latest P/B ratio of Wim Plast as of 14-Nov-2024 16:59 is 1.45.
The 52-week high of Wim Plast is ₹739.0 and the 52-week low is ₹465.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Wim Plast is ₹353.7 ( Cr.) .

About Wim Plast Ltd

Wim Plasts Limited was incorporated as a private limited company on October 7, 1988 with Registrar of Companies Maharashtra at Bombay and was converted into a public limited company on July 14, 1993.

Wim Plasts is a sister concern of Cello having stakes in thermoware, moulded furniture, writing pens etc. It is a well known name in thermoware and writing instrument in India, a medium sized professional organization commited to customer satisfaction in individual areas of interests.The company's manufacturing facility is located in Daman and Baddi at Himachal Pradesh.

Cello Thermoware ltd., founded by G.D. Rathod, Chairman, in May 10, 1986, at a small factory in Goregaon, Bombay, with just 60 workers and 7 machines engaged in the manufacture of the finest range of Casserole, or HotPots, as they were later positioned, that the Indian market had ever seen. It is the first & largest manufacturer of branded household products in India, having wide range of plastic moulded products

Product range of the company includes:

Wim Plasts is currently engaged into manufacturing of plastic moulded and extruded articles. The product includes water jugs, house hold trolley, house hold glasses, house hold containers and hot pots.

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