Mega Flex Plastics Ltd (MEGAFLEX) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

BSE Share Price
Not Listed

Mega Flex Plastics Ltd (MEGAFLEX) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

DeciZen - make an informed investing decision on Mega Flex Plastics

Based on:

M-Cap below 100cr DeciZen not available

Mega Flex Plastics stock performance -

Key Ratios
mw4me loader
P/E Ratio (SA):
27.97
Market Cap:
95.8 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 below 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 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'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

Growth Parameters Colour Code Guide

Sales 34.335.831.529.546.552.748.460.360
Sales YoY Gr.-4.4%-12.1%-6.4%57.6%13.4%-8.1%24.6%-
Adj EPS 3.43.72.51.43.11.70.42.32.8
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
2.72.921.12.51.80.42.83
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

CAGR Colour Code Guide

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 - - 21% 52.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
12.512.67.74.18.24.80.95.46.2
Op. Profit
Mgn %
8.59.65.65.17.13.4-0.85.4NAN
Net Profit
Mgn %
7.98.26.43.95.33.40.84.65.7
Debt to
Equity
00000000-
Working Cap
Days
01231672061491461851750
Cash Conv.
Cycle
0334774544354400

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.20%

Sales growth has been subdued in last 3 years 9.08%

Net Profit has been subdued in last 3 years -9.87%

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

Latest Financials - Mega Flex Plastics Ltd.

Standalone Consolidated
TTM EPS (₹) 2.8 -
TTM Sales (₹ Cr.) 60.3 -
BVPS (₹.) 45.5 -
Reserves (₹ Cr.) 43 -
P/BV 1.74 -
PE 27.97 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 95.8
Equity (₹ Cr.) 12.1
Face Value (₹) 10
Industry PE 41.1

Management X-Ray of Mega Flex Plastics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Mega Flex Plastics - Standalone Basis

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
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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No data found!

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'23Mar'24Mar'25
Sales34.3135.8231.5029.4946.4752.6948.4060.31
Operating Expenses 31.3932.3729.752843.1750.9448.8157.07
Manufacturing Costs5.515.684.643.914.805.074.674.56
Material Costs24.1324.5422.4920.1835.6942.2140.3547.66
Employee Cost 0.630.690.960.941.061.361.381.79
Other Costs 1.121.451.662.971.622.302.413.06
Operating Profit 2.923.451.751.493.301.74-0.413.24
Operating Profit Margin (%) 8.5%9.6%5.6%5.1%7.1%3.3%-0.8%5.4%
Other Income 1.851.901.941.590.921.762.742.21
Interest 0.080.160.140.070.040.050.070.16
Depreciation 0.630.840.700.550.470.520.610.71
Exceptional Items 00000000
Profit Before Tax 4.074.362.852.473.712.931.654.59
Tax 1.101.180.651.181.050.780.281.16
Profit After Tax 2.973.182.201.292.662.151.373.43
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%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 21.6524.8327.1028.3931.0544.7746.2055.23
Share Capital 1.751.751.751.751.7510.7510.7512.13
Reserves 19.9023.0825.3526.6429.3034.0335.4543.10
Minority Interest00000000
Debt0.460.480.260.410000.98
Long Term Debt0.460.370.260.210000.84
Short Term Debt00.1100.200000.15
Trade Payables0.340.670.660.130.160.540.130.18
Others Liabilities 3.873.401.923.022.881.921.473.21
Total Liabilities 26.3229.3729.9431.9534.0947.2347.7959.60

Fixed Assets

Gross Block16.3316.9916.5916.7017.2618.1018.3920.81
Accumulated Depreciation9.4910.3310.5911.1311.6012.1212.6213.23
Net Fixed Assets 6.846.666.015.575.655.985.777.58
CWIP 00000000
Investments 9.977.2810.176.408.774.615.4114.08
Inventories2.574.324.577.345.386.996.314.61
Trade Receivables0.190.520.090.740.550.201.391.33
Cash Equivalents 0.660.170.280.121.6912.5611.535.17
Others Assets 6.0910.418.8311.7912.0516.8917.3726.82
Total Assets 26.3229.3729.9431.9534.0947.2347.7959.60

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 2.62-2.70-4.470.634.46-5.12-2.02-3.59
PBT 4.014.292.832.213.712.931.654.59
Adjustment 0.270.67-1.38-1.010.03-0.59-1.53-0.84
Changes in Working Capital -0.64-6.51-5.270.351.78-6.72-1.85-6.23
Tax Paid -1.02-1.15-0.65-0.92-1.05-0.74-0.29-1.11
Cash Flow From Investing Activity -3.132.344.92-0.90-2.464.651.06-9.42
Capex -0.80-0.66-0.040.44-0.56-0.85-0.40-2.52
Net Investments -2.672.682.420-2.084.650.60-7.70
Others 0.350.312.55-1.340.180.840.860.81
Cash Flow From Financing Activity 0.35-0.13-0.350.11-0.4311.35-0.076.65
Net Proceeds from Shares 0000011.4005.54
Net Proceeds from Borrowing 0.42-0.09-0.11-0.05-0.21000.84
Interest Paid -0.07-0.14-0.13-0.04-0.04-0.05-0.07-0.16
Dividend Paid 00000000
Others 00.11-0.110.20-0.19-000.42
Net Cash Flow -0.16-0.490.11-0.161.5710.87-1.03-6.36

Finance 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)0.88-0.85-2.030.491.68-2.38-1.47-1.05
Working Capital Days
Receivable Days24455368
Inventory Days2635527450435033
Payable Days581171331

Mega Flex Plastics Ltd Stock News

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 ₹95.84.
The latest P/E ratio of Mega Flex Plastics as of 31-Dec-1969 is 27.97.
The latest P/B ratio of Mega Flex Plastics as of 31-Dec-1969 is 1.74.
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 ₹60.31 ( 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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