Mega Flex Plastics Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: MEGAFLEX | Plastic Products | Small Cap

BSE Share Price
Not Listed

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Mega Flex Plastics stock performance -

mw4me loader
P/E Ratio (SA):
56.47
Market Cap:
77.3 Cr.
52-wk low:
0
52-wk high:
0

Is Mega Flex Plastics Ltd an attractive stock to invest in?

1. Is Mega Flex Plastics Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mega Flex Plastics Ltd is a average quality company.

2. Is Mega Flex Plastics Ltd undervalued or overvalued?

The key valuation ratios of Mega Flex Plastics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Mega Flex Plastics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mega Flex Plastics 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 Mega Flex Plastics:

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.
Mega Flex Plastics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 18.7%19%11.3%9%12.5%7.9%-
Value Creation
Index
0.30.4-0.2-0.4-0.1-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 34.335.831.529.546.552.748
Sales YoY Gr.-4.4%-12.1%-6.4%57.6%13.4%-
Adj EPS 3.43.72.51.43.11.71.3
YoY Gr.-8.5%-31.7%-43.3%115.3%-45.8%-
BVPS (₹) 27.431.534.33639.341.741.7
Adj Net
Profit
2.72.921.12.51.81
Cash Flow from Ops. 2.6-2.7-4.50.64.5-5.1-
Debt/CF from Ops. 0.2-0.2-0.10.700-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA9%18.7%13.4%
Adj EPS NA-13.3%-12.9%-45.8%
BVPSNA8.7%6.7%6%
Share Price - - - 68.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.512.67.74.18.24.83.1
Op. Profit
Mgn %
8.59.65.65.17.13.4NAN
Net Profit
Mgn %
7.98.26.43.95.33.42.8
Debt to
Equity
000000-
Working Cap
Days
01231672061491460
Cash Conv.
Cycle
033477454430

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.71%

Return on Equity has declined versus last 3 years average to 3.00%

Net Profit has been subdued in last 3 years -12.87%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Mega Flex Plastics Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 -
TTM Sales (₹ Cr.) 48.4 -
BVPS (₹.) 41.7 -
Reserves (₹ Cr.) 34 -
P/BV 1.73 -
PE 56.47 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 77.3
Equity (₹ Cr.) 10.8
Face Value (₹) 10
Industry PE 40.6

Management X-Ray of Mega Flex Plastics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mega Flex Plastics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales34.3135.8231.5029.4946.4752.69
Operating Expenses 31.3932.3729.752843.1750.94
Manufacturing Costs5.515.684.643.914.805.07
Material Costs24.1324.5422.4920.1835.6942.21
Employee Cost 0.630.690.960.941.061.36
Other Costs 1.121.451.662.971.622.30
Operating Profit 2.923.451.751.493.301.74
Operating Profit Margin (%) 8.5%9.6%5.6%5.1%7.1%3.3%
Other Income 1.851.901.941.590.921.76
Interest 0.080.160.140.070.040.05
Depreciation 0.630.840.700.550.470.52
Exceptional Items 000000
Profit Before Tax 4.074.362.852.473.712.93
Tax 1.101.180.651.181.050.78
Profit After Tax 2.973.182.201.292.662.15
PAT Margin (%) 8.7%8.9%7.0%4.4%5.7%4.1%
Adjusted EPS (₹)3.84.02.81.63.42.0
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 21.6524.8327.1028.3931.0544.77
Share Capital 1.751.751.751.751.7510.75
Reserves 19.9023.0825.3526.6429.3034.03
Minority Interest000000
Debt0.460.480.260.4100
Long Term Debt0.460.370.260.2100
Short Term Debt00.1100.2000
Trade Payables0.340.670.660.130.160.54
Others Liabilities 3.873.401.923.022.881.92
Total Liabilities 26.3229.3729.9431.9534.0947.23

Fixed Assets

Gross Block16.3316.9916.5916.7017.2618.10
Accumulated Depreciation9.4910.3310.5911.1311.6012.12
Net Fixed Assets6.846.666.015.575.655.98
CWIP 000000
Investments 9.977.2810.176.408.774.61
Inventories2.574.324.577.345.386.99
Trade Receivables0.190.520.090.740.550.20
Cash Equivalents 0.660.170.280.121.6912.56
Others Assets6.0910.418.8311.7912.0516.89
Total Assets 26.3229.3729.9431.9534.0947.23

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2.62-2.70-4.470.634.46-5.12
PBT 4.014.292.832.213.712.93
Adjustment 0.270.67-1.38-1.010.03-0.59
Changes in Working Capital -0.64-6.51-5.270.351.78-6.72
Tax Paid -1.02-1.15-0.65-0.92-1.05-0.74
Cash Flow From Investing Activity -3.132.344.92-0.90-2.464.65
Capex -0.80-0.66-0.040.44-0.56-0.85
Net Investments -2.672.682.420-2.084.65
Others 0.350.312.55-1.340.180.84
Cash Flow From Financing Activity 0.35-0.13-0.350.11-0.4311.35
Net Proceeds from Shares 0000011.40
Net Proceeds from Borrowing 0.42-0.09-0.11-0.05-0.210
Interest Paid -0.07-0.14-0.13-0.04-0.04-0.05
Dividend Paid 000000
Others 00.11-0.110.20-0.190
Net Cash Flow -0.16-0.490.11-0.161.5710.87
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.7113.678.474.648.955.67
ROCE (%)18.6618.9711.339.0412.517.87
Asset Turnover Ratio1.391.291.060.951.411.3
PAT to CFO Conversion(x)0.88-0.85-2.030.491.68-2.38
Working Capital Days
Receivable Days244553
Inventory Days263552745043
Payable Days5811713

Mega Flex Plastics Ltd Stock News

Mega Flex Plastics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mega Flex Plastics on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Mega Flex Plastics stood at ₹77.26.
The latest P/E ratio of Mega Flex Plastics as of 01-Jan-1970 05:30 is 56.47.
The latest P/B ratio of Mega Flex Plastics as of 01-Jan-1970 05:30 is 1.73.
The 52-week high of Mega Flex Plastics is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mega Flex Plastics is ₹48.41 ( Cr.) .

About Mega Flex Plastics Ltd

The company was originally incorporated as a Private Limited Company in the name of “Mega Flex Plastics Private Limited” on November 18, 2003 under the provisions of the Companies Act, 1956 bearing Corporate Identification Number issued by the Registrar of Companies – West Bengal. Subsequently, the company was converted into a Public Limited Company under the provisions of the Companies Act, 1956, and the name of the Company was changed to “Mega Flex Plastics Limited” vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated February 01, 2007 bearing Corporate Identification Number issued by the Registrar of Companies – West Bengal.

Mega Flex Plastics is primarily engaged in manufacturing of Leno Bags which is used for packaging of agricultural produces like potatoes, onions, garlic, coconuts, fruits and vegetables. In addition to Leno Bags, the company is also manufacturing Woven Fabric and Sutli (Fibrillated Twisted Thread). The product which it majorly manufacture i.e., Leno Bags is made from Plastic Granules and is used multiple times for storage of fruits and vegetables. The said product is widely used in Cold Storages and warehouses for storage of various products. The company’s state-of-the-art plant for manufacturing PP Leno Bags is situated at Sudha Ras Food & Poly Park (Industrial Park), Howrah in the state of West Bengal, India. The plant is strategically located on NH-6, about 120 km from international all-weather port of Haldia and around 30 kms from Kolkata port, which gives it excellent connectivity and transport facilities.

The efficient and motivated workforce and with thrust on maintaining machine efficiency, it was able to achieve optimum level of production year after year. Strict production supervision and special focus on quality control ensured that only quality Leno bags products reached to the customers. Its bags are trusted upon by the customers. Its brands include Lenoflex, Kisan, Kisan Regular, Goldflex, Goldflex Lite, Tiger, Tiranga, Hena. The Lenoflex is most preferred brand for storage of potato when the farmer looks for the quality. It also exports Leno Bags to European countries and its quality is well accepted there also. It is also capable to produce Sutli (fibrillated Twisted Thread) as per the demand.

Business area of the company

Mega Flex Plastics is primarily engaged in manufacturing of Leno Bags which are used for packaging agricultural products like potatoes, onions, garlic, coconuts, fruits and vegetables. The company is also manufacturing Woven Fabric and Sutli (Fibrillated Twisted Thread).

Major Events and Milestones

  • 2003: Incorporation of Company.
  • 2006: Allotment of Factory land in Sudha Ras Food &Poly Park by WBIDC Limited.
  • 2006: Commencement of Civil Construction.
  • 2007: Converted into Public Limited Company.
  • 2007: Registration of Factory Land.
  • 2007: Commencement of Production.
  • 2009: First export order executed (to Europe).
  • 2009: Capacity expansion- 17 looms added.
  • 2009: Secured order from DGS&D for supply of woven sacks for packing of food grains.
  • 2010: Capacity expansion- 3 looms added.
  • 2020: Achieved production of 20 million bags in 2009-10.
  • 2011: Capacity expansion- 6 looms added.
  • 2011: Achieved production of 30 million bags in 2010-11.
  • 2014: Achieved production of 40 million bags in 2003-14.
  • 2015: Purchase of office premises at 4 Ho Chi Minh Sarani, Kolkata.
  • 2016: Installed additionally 1 loom.
  • 2018: Installed additionally 6 looms.
  • 2018: Achieved production of 50 million bags in 2017-18.
  • 2019: Registered office shifted to own premises at 4 Ho Chi Minh Sarani, Kolkata.
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