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Mega Flex Plastics Ltd (MEGAFLEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: MEGAFLEX Plastic Products | Small Cap | Mega Flex Plastics Share Price

BSE Share Price
Not Listed

Mega Flex Plastics Ltd (MEGAFLEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: MEGAFLEX Plastic Products | Small Cap | Mega Flex Plastics Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹139 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹6
TTM Sales
₹78.1 Cr.
Book Value per Share
₹45.5
P/E Ratio
19.07
Lower than its 5-year historical median
Industry PE
38.4
Price to Book (P/B)
2.51
Higher than its 5-year historical median
Price to Sales (P/S)
1.78
Higher than its 5-year historical median
EV/EBITDA
12.68
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
6.76%
Outperforms industry median
Return on Capital Employed (ROCE)
9.24%
Outperforms industry median
Return on Assets (ROA)
6.38%
Operating Profit Margin
5.4%
Net Profit Margin
5.68%
Gross Profit Margin
8.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.61%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
150.36%
Asset Quality
Promoter Holding
73.92%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹43 Cr.
Equity
₹12.1 Cr.
Face Value
₹10
All Time Low / High
- / -

Mega Flex Plastics stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Mega Flex Plastics Ltd a good quality company?
Mega Flex Plastics Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Mega Flex Plastics Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mega Flex Plastics Ltd vs industry peers?
Mega Flex Plastics Ltd revenue CAGR is 13.87%, compared to the industry median CAGR of 4.71%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Mega Flex Plastics Ltd?
Promoters hold 73.92% of the Mega Flex Plastics Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Mega Flex Plastics Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 49.48% based on the current price.

10 Year X-Ray : Login to view analysis.

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 18.7%19%11.3%9%12.5%7.9%3.8%9.2%-
Value Creation
Index
0.30.4-0.2-0.4-0.1-0.4-0.7-0.3-

Growth Parameters

Sales 34.335.831.529.546.552.748.460.378
Sales YoY Gr.-4.4%-12.1%-6.4%57.6%13.4%-8.1%24.6%-
Adj EPS 3.43.72.51.43.11.70.42.36
YoY Gr.-8.5%-31.7%-43.3%115.3%-45.8%-78.6%530.6%-
BVPS (₹) 27.431.534.33639.341.74345.545.5
Adj Net
Profit
2.72.921.12.51.80.42.87
Cash Flow from Ops. 2.6-2.7-4.50.64.5-5.1-2-3.6-
Debt/CF from Ops. 0.2-0.2-0.10.7000-0.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA13.9%9.1%24.6%
Adj EPS NA-2.2%-9.9%530.6%
BVPSNA5.8%5%5.9%
Share Price - - 45.9% 107%

Key Financial Parameters

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
12.512.67.74.18.24.80.95.413.2
Op. Profit
Mgn %
8.59.65.65.17.13.4-0.85.4NAN
Net Profit
Mgn %
7.98.26.43.95.33.40.84.69.3
Debt to
Equity
00000000-
Working Cap
Days
01231672061491461851750
Cash Conv.
Cycle
0334774544354400

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3436312946534860
Operating Expenses + 3132302843514957
Manufacturing Costs66545555
Material Costs2425222036424048
Employee Cost 11111112
Other Costs 11232223
Operating Profit 332132-03
Operating Profit Margin (%) 8.5%9.6%5.6%5.1%7.1%3.3%-0.8%5.4%
Other Income + 22221232
Exceptional Items 00000000
Interest 00000000
Depreciation 11110111
Profit Before Tax 44324325
Tax 11111101
Profit After Tax 33213213
PAT Margin (%) 8.7%8.9%7.0%4.4%5.7%4.1%2.8%5.7%
Adjusted EPS (₹)3.84.02.81.63.42.01.32.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%

Valuation of Mega Flex Plastics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2225272831454655
Share Capital 22222111112
Reserves 2023252729343543
Debt +00000001
Long Term Debt00000001
Short Term Debt00000000
Minority Interest00000000
Trade Payables01100100
Others Liabilities 43233213
Total Liabilities 2629303234474860

Fixed Assets

Net Fixed Assets +77666668
Gross Block1617171717181821
Accumulated Depreciation910111112121313
CWIP 00000000
Investments 10710695514
Inventories34575765
Trade Receivables01011011
Cash Equivalents 1000213125
Others Assets 61091212171727
Total Assets 2629303234474860

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3-3-414-5-2-4
PBT 44324325
Adjustment 01-1-10-1-2-1
Changes in Working Capital -1-7-502-7-2-6
Tax Paid -1-1-1-1-1-1-0-1
Cash Flow From Investing Activity + -325-1-251-9
Capex -1-1-00-1-1-0-3
Net Investments -3320-251-8
Others 003-10111
Cash Flow From Financing Activity + 0-0-00-011-07
Net Proceeds from Shares 000001106
Net Proceeds from Borrowing 0-0-0-0-0001
Interest Paid -0-0-0-0-0-0-0-0
Dividend Paid 00000000
Others 00-00-0-000
Net Cash Flow -0-00-0211-1-6

Financial Ratio

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)13.7113.678.474.648.955.673.016.76
ROCE (%)18.6618.9711.339.0412.517.873.799.24
Asset Turnover Ratio1.391.291.060.951.411.31.021.12
PAT to CFO Conversion(x)1-1-211.33-2.5-2-1.33
Working Capital Days
Receivable Days1.903.603.505.105.102.6068.30
Inventory Days25.6035.1051.5073.705042.9050.1033.10
Payable Days5.107.5010.807.101.50331.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mega Flex Plastics Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Mega Flex Plastics stood at ₹138.7 Cr

The latest P/E ratio of Mega Flex Plastics as of 31-Dec-1969 is 19.07.

The latest P/B ratio of Mega Flex Plastics as of 31-Dec-1969 is 2.51.

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 ₹78.08 ( Cr.) .

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

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.

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.

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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