Ddev Plastiks Industries Ltd - Stock Valuation and Financial Performance

BSE: 543547 | NSE: | Plastic Products | Small Cap

Ddev Plastiks Ind. Share Price

171.30 1.25 0.74%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ddev Plastiks Ind.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Ddev Plastiks Industries stock performance -

mw4me loader
P/E Ratio (SA):
10.52
Market Cap:
1,772.6 Cr.
52-wk low:
68.7
52-wk high:
244

Is Ddev Plastiks Industries Ltd an attractive stock to invest in?

1. Is Ddev Plastiks Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ddev Plastiks Industries Ltd is a below average quality company.

2. Is Ddev Plastiks Industries Ltd undervalued or overvalued?

The key valuation ratios of Ddev Plastiks Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Ddev Plastiks Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ddev Plastiks Industries 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 Ddev Plastiks Ind.:

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.
Ddev Plastiks Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23TTM
ROCE % -4.1%27%21.2%-
Value Creation
Index
-1.30.90.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 02,2272,5042,501
Sales YoY Gr.-NA12.4%-
Adj EPS -3.208.716.3
YoY Gr.-NANA-
BVPS (₹) 5.9047.858.4
Adj Net
Profit
041.990.3168
Cash Flow from Ops. 026.5145-
Debt/CF from Ops. -28.64.90.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA12.4%
Adj EPS NANANANA
BVPSNANANANA
Share Price - - - 138.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
-53.921.420.430.7
Op. Profit
Mgn %
04.76.49.6
Net Profit
Mgn %
01.93.66.7
Debt to
Equity
12.30.30.1-
Working Cap
Days
05810246
Cash Conv.
Cycle
0457122

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 30.70%

Debt to equity has declined versus last 3 years average to 0.11

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 2.56%

Latest Financials - Ddev Plastiks Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 16.3 -
TTM Sales (₹ Cr.) 2,501 -
BVPS (₹.) 58.4 -
Reserves (₹ Cr.) 594 -
P/BV 2.93 -
PE 10.52 -
From the Market
52 Week Low / High (₹) 68.68 / 244.00
All Time Low / High (₹) 31.18 / 244.00
Market Cap (₹ Cr.) 1,773
Equity (₹ Cr.) 10.4
Face Value (₹) 1
Industry PE 35.1

Management X-Ray of Ddev Plastiks Ind.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ddev Plastiks Ind.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales02,2272,504
Operating Expenses 02,1212,344
Manufacturing Costs04051
Material Costs01,9362,149
Employee Cost 03335
Other Costs 0112109
Operating Profit 0106160
Operating Profit Margin (%) -4.7%6.4%
Other Income 02226
Interest 04133
Depreciation 01212
Exceptional Items 000
Profit Before Tax 076140
Tax 02136
Profit After Tax 055104
PAT Margin (%) -2.5%4.2%
Adjusted EPS (₹)-3.20.010.1
Dividend Payout Ratio (%)0%0%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 0382494
Share Capital 009
Reserves 0382485
Minority Interest000
Debt012956
Long Term Debt000
Short Term Debt012956
Trade Payables0351291
Others Liabilities 06772
Total Liabilities 0929912

Fixed Assets

Gross Block0284314
Accumulated Depreciation07789
Net Fixed Assets0207225
CWIP 021
Investments 000
Inventories0276218
Trade Receivables0349363
Cash Equivalents 067
Others Assets08998
Total Assets 0929912

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity 026145
PBT 076140
Adjustment 07749
Changes in Working Capital 0-113-9
Tax Paid 0-12-35
Cash Flow From Investing Activity 0-18-35
Capex 0-19-29
Net Investments 00-8
Others 011
Cash Flow From Financing Activity 0-10-109
Net Proceeds from Shares 000
Net Proceeds from Borrowing 000
Interest Paid 0-37-33
Dividend Paid 00-2
Others 027-73
Net Cash Flow 0-21
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)-53.8528.6423.75
ROCE (%)-4.0544.6732.42
Asset Turnover Ratio04.792.72
PAT to CFO Conversion(x)NAN0.471.39
Working Capital Days
Receivable Days05752
Inventory Days04536
Payable Days0718

Ddev Plastiks Industries Ltd Stock News

Ddev Plastiks Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ddev Plastiks Ind. on 28-Mar-2024 16:01 is ₹171.3.
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 28-Mar-2024 16:01 the market cap of Ddev Plastiks Ind. stood at ₹1,772.6.
The latest P/E ratio of Ddev Plastiks Ind. as of 28-Mar-2024 16:01 is 10.52.
The latest P/B ratio of Ddev Plastiks Ind. as of 28-Mar-2024 16:01 is 2.93.
The 52-week high of Ddev Plastiks Ind. is ₹244.0 and the 52-week low is ₹68.68.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ddev Plastiks Ind. is ₹2,501 ( Cr.) .

About Ddev Plastiks Industries Ltd

Ddev Plastiks Industries Limited was incorporated in India on December 7, 2020. The registered office is located at 2B Pretoria Street, Kolkata.

It is a leading polymer compounder manufacturer in India. The company recently demerger from the parent company Kkalpana Industries Limited. The group is regarded as the largest manufacturer of specialty compounds in India.

Business area of the company

The Company is engaged in the manufacturing of Plastic Compounds. It mainly caters to cable and wire companies, packaging, footwear, pipes, automobiles, consumer durables, electrical appliances, electricals and light fittings and electronics.

Products

  • PE Compounds
  • PVC Compounds
  • Filled Compounds
  • Master Batches
  • Footwear Compounds
  • Pipe Compounds
  • Engineering Plastics
History and Milestones

  • 1985: Company Incorporated and Set up Factory at Daman
  • 1993: Public Issue and listed on BSE
  • 2004: Setting up of new factories at Silvassa and Kolkata
  • 2005: Setting up of factory at Bhasa, West Bengal
  • 2010: Setting up of factory at Dhulagarh, Howrah, West Bengal. 
  • 2010: Merger of Alkom Speciality Compound Ltd and Certificate of Excellence form IBEF
  • 2011: Merger of Bavaria Poly Private Ltd
  • 2013: Setting up of new factory at Surangi, Dadra & Nagar Haveli (U.T.)
  • 2014: Setting up of XLPE Compounding facility at Surangi, Dadra & Nagar Haveli
  • 2017: Set up of Engineering Plastic Compounding unit at Daman
  • 2017: Started manufacturing PE Compounds for 66 KV Cables
  • 2018: Setting up a new factory at Silvasa for PE/PP Compounds
  • 2022: Demerger of the two businesses, Compounding &Reprocessing
  • 2022: Listing post Demerger
  • 2022: Started manufacturing PE Compounds for 132 KV Cables

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