BSE: 526143 | NSE: MILTONPLAS | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that MPL Plastics Ltd is a below average quality company.
The key valuation ratios of MPL Plastics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MPL Plastics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.1% | 5.9% | 31.3% | 15.5% | 4.4% | -37% | -49.5% | -22.2% | -566.5% | -17.2% | - |
| Value Creation Index ⓘ | 0.1 | -0.6 | 1.2 | 0.1 | -0.7 | NA | NA | NA | -41.5 | -2.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 44.9 | 45.2 | 31.2 | 21.3 | 22.1 | 6.1 | 4.1 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | 0.8% | -31.1% | -31.8% | 3.9% | -72.6% | -33.2% | -99.3% | -100% | NA | - |
| Adj EPS ⓘ | 4.1 | 0.9 | 1.7 | 1 | 0.3 | -2.2 | -1.8 | -0.6 | 28.5 | 1.8 | 3 |
| YoY Gr. | - | -77.5% | 91.2% | -40.2% | -70.2% | -809.7% | NA | NA | NA | -93.7% | - |
| BVPS (₹) ⓘ | -142.3 | -141.4 | -139.7 | -139 | -138.8 | -141.3 | -143.3 | -143.7 | -13 | -9.7 | -9.9 |
| Adj Net Profit ⓘ | 5.1 | 1.1 | 2.2 | 1.3 | 0.4 | -2.7 | -2.3 | -0.7 | 35.6 | 2.3 | 4 |
| Cash Flow from Ops. ⓘ | -5.4 | 31.1 | 2.7 | -0.3 | -0.1 | 0 | 0.2 | -0.3 | 182 | -0.3 | - |
| Debt/CF from Ops. ⓘ | -40 | 5.9 | 67.8 | -647.5 | -3071.9 | 4739.6 | 994.9 | -738.8 | 0 | -4.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -60.7% | -78.6% | -86.5% | NA | ||||
| Adj EPS ⓘ | -8.6% | 42.3% | NA | -93.7% | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | 4.4% | 19.5% | 49.4% | 11.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -2.8 | -0.6 | -1.2 | -0.8 | -0.2 | 1.6 | 1.3 | 0.4 | -36.4 | -16 | -30.9 |
| Op. Profit Mgn % ⓘ | -1.2 | 4.2 | 9 | 7.4 | 3.2 | -39.3 | -61.8 | -2292.5 | 0 | -12318.6 | -10700 |
| Net Profit Mgn % ⓘ | 11.3 | 2.5 | 7 | 6.1 | 1.8 | -45.3 | -56.7 | -2184.3 | 0 | 16198.6 | 37750 |
| Debt to Equity ⓘ | -1.2 | -1 | -1.1 | -1.1 | -1.1 | -1 | -1 | -1 | -0.1 | -0.1 | - |
| Working Cap Days ⓘ | 300 | 173 | 99 | 150 | 191 | 596 | 475 | 39,800 | 0 | 33,529 | 4,554 |
| Cash Conv. Cycle ⓘ | 20 | 8 | -4 | -5 | 27 | 108 | 7 | -744 | 0 | -337 | -30,571 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -86.48%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3 | - |
| TTM Sales (₹ Cr.) | 0 | - |
| BVPS (₹.) ⓘ | -9.9 | - |
| Reserves (₹ Cr.) ⓘ | -25 | - |
| P/BV ⓘ | -1.67 | - |
| PE ⓘ | 5.45 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 12.42 / 24.35 |
| All Time Low / High (₹) | 2.51 / 135.00 |
| Market Cap (₹ Cr.) | 20.5 |
| Equity (₹ Cr.) | 12.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 44.88 | 45.24 | 31.17 | 21.26 | 22.08 | 6.06 | 4.05 | 0.03 | 0 | 0.01 |
| Operating Expenses ⓘ | 45.41 | 43.32 | 28.35 | 19.84 | 21.69 | 9.01 | 6.61 | 0.79 | 6.14 | 1.74 |
| Manufacturing Costs | 9.60 | 9.10 | 5.64 | 1.95 | 0.18 | 0.18 | 0.17 | 0.01 | 0.01 | 0.75 |
| Material Costs | 31.89 | 29.50 | 18.86 | 14.89 | 18.05 | 4.07 | 2.68 | 0 | 0 | 0 |
| Employee Cost | 1.86 | 2.39 | 2.32 | 1.87 | 1.88 | 1.89 | 2.07 | 0.48 | 0.28 | 0.29 |
| Other Costs ⓘ | 2.07 | 2.34 | 1.53 | 1.13 | 1.58 | 2.87 | 1.69 | 0.29 | 5.85 | 0.71 |
| Operating Profit ⓘ | -0.53 | 1.92 | 2.82 | 1.42 | 0.39 | -2.95 | -2.56 | -0.76 | -6.14 | -1.72 |
| Operating Profit Margin (%) | -1.2% | 4.2% | 9.0% | 6.7% | 1.8% | -48.7% | -63.2% | -2,363.1% | - | -12,318.6% |
| Other Income ⓘ | 0.02 | 0.03 | 0.11 | 0.08 | 0.02 | 0.04 | 0.46 | 0.30 | 0.98 | 0.59 |
| Interest ⓘ | 0.26 | 0.26 | 0.40 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Depreciation ⓘ | 0.34 | 0.56 | 0.36 | 0.31 | 0.24 | 0.23 | 0.21 | 0.22 | 0.11 | 0.10 |
| Exceptional Items ⓘ | 6.18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 182.47 | 2.11 |
| Profit Before Tax ⓘ | 5.07 | 1.13 | 2.17 | 1.19 | 0.17 | -3.14 | -2.32 | -0.67 | 177.20 | 0.86 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.84 | -3.26 |
| Profit After Tax | 5.06 | 1.13 | 2.17 | 1.19 | 0.17 | -3.14 | -2.32 | -0.67 | 163.36 | 4.12 |
| PAT Margin (%) | 11.3% | 2.5% | 7.0% | 5.6% | 0.8% | -51.9% | -57.2% | -2,097.2% | - | 29,448.6% |
| Adjusted EPS (₹) | 4.1 | 0.9 | 1.7 | 1.0 | 0.1 | -2.5 | -1.9 | -0.5 | 130.7 | 3.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -177.83 | -176.70 | -174.52 | -173.66 | -173.48 | -176.63 | -179.04 | -179.62 | -16.26 | -12.13 |
| Share Capital ⓘ | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 |
| Reserves ⓘ | -190.33 | -189.20 | -187.02 | -186.16 | -185.97 | -189.13 | -191.54 | -192.12 | -28.76 | -24.63 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 213.27 | 184.42 | 182.47 | 182.47 | 182.47 | 182.47 | 182.47 | 182.47 | 0.83 | 1.15 |
| Long Term Debt | 131.12 | 103.63 | 103.63 | 103.63 | 103.63 | 103.63 | 103.63 | 103.63 | 0 | 0 |
| Short Term Debt | 82.15 | 80.80 | 78.85 | 78.85 | 78.85 | 78.85 | 78.85 | 78.85 | 0.83 | 1.15 |
| Trade Payables | 7.15 | 5.16 | 4.83 | 5.31 | 6.05 | 2.79 | 1.78 | 1.88 | 1.01 | 1.18 |
| Others Liabilities ⓘ | 6.25 | 3.68 | 3.52 | 2.20 | 2.19 | 2.18 | 2.16 | 2.10 | 18.75 | 14.06 |
| Total Liabilities ⓘ | 48.84 | 16.57 | 16.30 | 16.32 | 17.24 | 10.81 | 7.37 | 6.83 | 4.33 | 4.25 |
Fixed Assets | ||||||||||
| Gross Block | 46.33 | 46.55 | 46.65 | 3.77 | 3.76 | 3.30 | 3.18 | 3.12 | 3.12 | 2.34 |
| Accumulated Depreciation | 41.97 | 42.53 | 42.89 | 0.31 | 0.55 | 0.78 | 1 | 1.21 | 1.32 | 1.42 |
| Net Fixed Assetsⓘ | 4.36 | 4.02 | 3.76 | 3.46 | 3.21 | 2.51 | 2.18 | 1.90 | 1.80 | 0.91 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 1.45 | 1.45 | 1.45 | 1.30 | 0.99 | 0.88 | 0.90 | 0.93 | 0.93 | 0.96 |
| Inventories | 7.92 | 4.70 | 3.68 | 3.26 | 1.67 | 0.24 | 0.02 | 0 | 0 | 0 |
| Trade Receivables | 4.07 | 2.02 | 2.86 | 3.79 | 7.27 | 3.11 | 0 | 0 | 0 | 0 |
Cash Equivalents  ⓘ
| 0.33 | 0.36 | 0.60 | 0.34 | 0.32 | 0.37 | 0.77 | 0.54 | 0.31 | 1.10 |
| Others Assetsⓘ | 30.71 | 4.01 | 3.95 | 4.16 | 3.78 | 3.69 | 3.50 | 3.46 | 1.30 | 1.27 |
| Total Assets ⓘ | 48.84 | 16.57 | 16.30 | 16.32 | 17.24 | 10.81 | 7.37 | 6.83 | 4.33 | 4.25 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -5.38 | 31.07 | 2.69 | -0.28 | -0.06 | 0.04 | 0.18 | -0.25 | 181.53 | -0.28 |
| PBT ⓘ | -1.11 | 1.13 | 2.17 | 1.19 | 0.17 | -3.14 | -2.32 | -0.67 | -19.11 | -1.25 |
| Adjustment ⓘ | 0.63 | 0.86 | 0.76 | 0.43 | 0.53 | 0.79 | 0.22 | 0.18 | 0.09 | 0.08 |
| Changes in Working Capital ⓘ | -4.89 | 29.08 | -0.24 | -1.9 | -0.76 | 2.49 | 2.41 | 0.18 | 200.55 | 0.89 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -0.10 | -0.13 | 0.06 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 6.06 | -0.22 | -0.09 | -0.01 | 0.02 | 0 | 0.07 | 0.04 | 0.01 | 0.78 |
| Capex | -0.12 | -0.22 | -0.09 | -0.01 | 0.02 | 0 | 0.07 | 0.04 | 0 | 0.78 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Others ⓘ | 6.18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -0.82 | -30.82 | -2.36 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | -181.63 | 0.31 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.26 | -0.26 | -0.39 | 0 | 0 | 0 | 0 | 0 | 0 | -0.01 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.56 | -30.56 | -1.96 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | -181.63 | 0.33 |
| Net Cash Flow ⓘ | -0.14 | 0.04 | 0.24 | -0.27 | -0.02 | 0.05 | 0.27 | -0.18 | -0.10 | 0.81 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 1.07 | 1.72 | 2.37 | 1.62 | 1.36 | 0.43 | 0.45 | 0 | 0 | 0 |
| PAT to CFO Conversion(x) | -1.06 | 27.5 | 1.24 | -0.24 | -0.35 | N/A | N/A | N/A | 1.11 | -0.07 | Working Capital Days |
| Receivable Days | 26 | 20 | 23 | 46 | 88 | 313 | 140 | 0 | 0 | 0 |
| Inventory Days | 48 | 41 | 39 | 48 | 39 | 58 | 12 | 0 | 0 | 0 |
| Payable Days | 76 | 76 | 97 | 124 | 115 | 396 | 311 | 0 | 0 | 0 |
Milton Plastics Ltd. was incorporated in May 1992 by taking over the assets of the partnership firm Milton Plastics. It currently manufacturers a range of plastic household items, insulated thermo ware items, vacuum flasks etc. The company has 6 associate industrial business units with substantial plasticizing capacity which do job work for Milton Plastics.
The company has a technological tie-up with German major IPV that provides know-how for its softline series of thermo ware. IPV also has a buyback arrangement with Milton through which 35% of softline products are exported. It is importing the glassware range from countries like Brazil, Mexico and Indonesia. The imported glassware, sold under brand name Treo, is now being offered at an Indian price. The glassware range includes drinking glasses, dinner sets, mixing bowls that are microwave-safe and heat resistant.
The registered office of the company is located at Asian Building, 4th Floor, R Kamani Marg, Ballard Estate Mumbai, Maharashtra- 400001.
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Here is the summary:
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