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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
₹121 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹6
TTM Sales
₹78.1 Cr.
Book Value per Share
₹51.5
P/E Ratio
16.68
Lower than its 5-year historical median
Industry PE
39.2
Price to Book (P/B)
1.94
Higher than its 5-year historical median
Price to Sales (P/S)
1.55
Higher than its 5-year historical median
EV/EBITDA
11.12
In line with its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
12.36%
Outperforms industry median
Return on Capital Employed (ROCE)
16.22%
Outperforms industry median
Return on Assets (ROA)
10.95%
Operating Profit Margin
10.3%
Net Profit Margin
9.31%
Gross Profit Margin
13.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
29.46%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
149.07%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
111.95%
Asset Quality
Promoter Holding
73.92%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹50 Cr.
Equity
₹12.1 Cr.
Face Value
₹10
All Time Low / High
- / -

Mega Flex Plastics stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Weak
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 21.50%, compared to the industry median CAGR of 3.92%, 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 35.95% based on the current price.

10 Year X-Ray :

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'25Mar'26TTM
ROCE % 18.7%19%11.3%9%12.5%7.9%3.8%9.2%16.2%-
Value Creation
Index
0.30.4-0.2-0.4-0.1-0.4-0.7-0.30.2-

Growth Parameters

Sales 34.335.831.529.546.552.748.460.378.178
Sales YoY Gr.-4.4%-12.1%-6.4%57.6%13.4%-8.1%24.6%29.5%-
Adj EPS 3.43.72.51.43.11.70.42.35.56
YoY Gr.-8.5%-31.7%-43.3%115.3%-45.8%-78.6%530.6%144.1%-
BVPS (₹) 27.431.534.33639.341.74345.551.551.5
Adj Net
Profit
2.72.921.12.51.80.42.86.77
Cash Flow from Ops. 2.6-2.7-4.50.64.5-5.1-2-3.617.6-
Debt/CF from Ops. 0.2-0.2-0.10.7000-0.40.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA21.5%14%29.5%
Adj EPS NA30.9%48.8%144.1%
BVPSNA7.5%7.3%13.1%
Share Price - - 36% 63.9%

Key Financial Parameters

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
12.512.67.74.18.24.80.95.411.411.7
Op. Profit
Mgn %
8.59.65.65.17.13.4-0.85.410.3NAN
Net Profit
Mgn %
7.98.26.43.95.33.40.84.68.69.3
Debt to
Equity
000000000-
Working Cap
Days
01231672061491461851751400
Cash Conv.
Cycle
033477454435440150

Valuation of Mega Flex Plastics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales343631294653486078
Operating Expenses + 313230284351495770
Manufacturing Costs665455555
Material Costs242522203642404859
Employee Cost 111111122
Other Costs 112322234
Operating Profit 332132-038
Operating Profit Margin (%) 8.5%9.6%5.6%5.1%7.1%3.3%-0.8%5.4%10.3%
Other Income + 222212323
Exceptional Items 000000000
Interest 000000000
Depreciation 111101111
Profit Before Tax 4432432510
Tax 111111012
Profit After Tax 332132137
PAT Margin (%) 8.7%8.9%7.0%4.4%5.7%4.1%2.8%5.7%9.3%
Adjusted EPS (₹)3.84.02.81.63.42.01.32.86.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 222527283145465562
Share Capital 2222211111212
Reserves 202325272934354350
Debt +000000011
Long Term Debt000000011
Short Term Debt000000001
Minority Interest000000000
Trade Payables011001004
Others Liabilities 432332135
Total Liabilities 262930323447486073

Fixed Assets

Net Fixed Assets +776666688
Gross Block161717171718182122
Accumulated Depreciation91011111212131314
CWIP 000000000
Investments 1071069551433
Inventories345757655
Trade Receivables010110110
Cash Equivalents 10002131255
Others Assets 6109121217172722
Total Assets 262930323447486073
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 3-3-414-5-2-418
PBT 4432432510
Adjustment 01-1-10-1-2-1-1
Changes in Working Capital -1-7-502-7-2-611
Tax Paid -1-1-1-1-1-1-0-1-2
Cash Flow From Investing Activity + -325-1-251-9-18
Capex -1-1-00-1-1-0-3-1
Net Investments -3320-251-8-18
Others 003-101111
Cash Flow From Financing Activity + 0-0-00-011-071
Net Proceeds from Shares 0000011060
Net Proceeds from Borrowing 0-0-0-0-0001-0
Interest Paid -0-0-0-0-0-0-0-0-0
Dividend Paid 000000000
Others 00-00-0-0001
Net Cash Flow -0-00-0211-1-6-0
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.7113.678.474.648.955.673.016.7612.36
ROCE (%)18.6618.9711.339.0412.517.873.799.2416.22
Asset Turnover Ratio1.391.291.060.951.411.31.021.121.18
PAT to CFO Conversion(x)1-1-211.33-2.5-2-1.332.57
Working Capital Days
Receivable Days1.903.603.505.105.102.6068.304.10
Inventory Days25.6035.1051.5073.705042.9050.1033.1022
Payable Days5.107.5010.807.101.50331.2013.30

Top 5 Mutual Funds Holding

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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 ₹121.3 Cr

The latest P/E ratio of Mega Flex Plastics as of 31-Dec-1969 is 16.68.

The latest P/B ratio of Mega Flex Plastics as of 31-Dec-1969 is 1.94.

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 Somewhat 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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