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National Plastic Industries Ltd (526616)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526616 NSE: Plastic Products | Small Cap | National Plastic Ind Share Price

₹43.64 1.07 (2.51%)

As on 04-Jun'26 16:59

National Plastic Industries Ltd (526616)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526616 NSE: Plastic Products | Small Cap | National Plastic Ind Share Price

₹43.64 1.07 (2.51%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹40 Cr.
Current Price
₹43.6
52-Week Low / High
₹37 / 72
TTM EPS
₹3.8
TTM Sales
₹103 Cr.
Book Value per Share
₹49.7
P/E Ratio
11.51
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
0.88
Lower than its 5-year historical median
Price to Sales (P/S)
0.39
Lower than its 5-year historical median
EV/EBITDA
5.74
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
9.40%
Outperforms industry median
Return on Capital Employed (ROCE)
9.70%
Outperforms industry median
Return on Assets (ROA)
4.14%
Operating Profit Margin
9.1%
Net Profit Margin
3.87%
Gross Profit Margin
7.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-1.45%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-8.54%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
131.48%
Asset Quality
Promoter Holding
56.66%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹36 Cr.
Equity
₹9.1 Cr.
Face Value
₹10
All Time Low / High
₹1.20 / 110.00

National Plastic Industries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is National Plastic Industries Ltd a good quality company?
National Plastic Industries Ltd is a quality company, based on a 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 National Plastic Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of National Plastic Industries Ltd vs industry peers?
National Plastic Industries Ltd revenue CAGR is -3.22%, compared to the industry median CAGR of 4.71%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of National Plastic Industries Ltd?
Promoters hold 56.66% of the National Plastic Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of National Plastic Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -0.5% 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.
National Plastic Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14.3%9.6%11.9%9.7%6.9%6%6.9%12.7%10.2%9.7%-
Value Creation
Index
0.0-0.3-0.2-0.3-0.5-0.6-0.5-0.1-0.3-0.3-

Growth Parameters

Sales 99.394.410411211476.582.611298.497103
Sales YoY Gr.--5%9.8%7.7%2.3%-33.1%8.1%35.5%-12.2%-1.5%-
Adj EPS 2.2-03.62.61.83.134.71.84.23.8
YoY Gr.--100.9%NA-27.7%-30.1%72.9%-5.1%59.3%-62.6%134.5%-
BVPS (₹) 26.224.728.329.33032.734.939.841.745.949.7
Adj Net
Profit
2-03.32.41.72.92.74.31.63.83
Cash Flow from Ops. 10.16.75.66.17.5102.910.416.610.2-
Debt/CF from Ops. 3.55.87.47.35.54.214.73.62.32.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -0.3%-3.2%5.5%-1.5%
Adj EPS 7.4%18.1%11.8%134.5%
BVPS6.4%8.8%9.5%10.1%
Share Price -1.2% 6.4% -8.6% -27.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.5-0.113.596.1108.812.74.49.57.9
Op. Profit
Mgn %
10.27.97.37.45.18.1910.49.89.110.3
Net Profit
Mgn %
2-03.22.11.53.73.33.91.63.93.4
Debt to
Equity
1.51.71.61.71.51.41.4110.6-
Working Cap
Days
15316215015516924322420422219948
Cash Conv.
Cycle
7780819310114715114315013324

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales99.3394.35103.58111.60114.1976.4582.6411298.3896.95
Operating Expenses + 89.3186.9496.09103.54108.3870.9675.24100.3488.7988.17
Manufacturing Costs9.4810.7810.5811.2211.818.829.0214.6812.1812.14
Material Costs60.7561.3867.5376.5081.5648.8853.4371.0760.2660.57
Employee Cost 4.0855.826.246.395.415.486.317.037.60
Other Costs 14.999.7812.169.578.627.857.308.289.327.85
Operating Profit 10.027.417.498.075.825.497.4111.669.608.78
Operating Profit Margin (%) 10.1%7.9%7.2%7.2%5.1%7.2%9.0%10.4%9.8%9.1%
Other Income + 0.200.462.701.471.891.360.310.340.720.62
Exceptional Items 0000000000
Interest 3.942.743.433.243.192.772.783.182.041.79
Depreciation 1.792.122.532.842.882.612.622.592.662.54
Profit Before Tax 4.493.014.233.461.631.462.326.235.615.07
Tax 2.523.030.981.23-0.48-0.91-0.511.8941.32
Profit After Tax 1.98-0.023.252.232.112.382.834.341.623.75
PAT Margin (%) 2.0%-0.0%3.1%2.0%1.9%3.1%3.4%3.9%1.6%3.9%
Adjusted EPS (₹)2.2-0.03.62.42.32.63.14.81.84.1
Dividend Payout Ratio (%)46.20%-5,952.40%28.10%41%0%0%0%0%0%0%

Valuation of National Plastic Ind - 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 23.8922.5025.8126.7327.4129.8331.9036.2938.0441.87
Share Capital 9.139.139.139.139.139.139.139.139.139.13
Reserves 14.7613.3716.6817.6018.2820.7022.7727.1628.9132.74
Debt +33.4137.7839.8942.6040.3935.9643.0436.8138.0223.22
Long Term Debt10.2313.9712.9115.4512.8111.8814.0513.2611.105.70
Short Term Debt23.1823.8126.9827.1527.5824.0728.9823.5526.9217.52
Minority Interest0000000000
Trade Payables13.3011.769.3212.2412.628.645.807.106.482.85
Others Liabilities 5.5312.0910.3715.1414.4519.6213.3814.1416.8314.21
Total Liabilities 76.1384.1285.4096.7194.8794.0594.1294.3499.3782.14

Fixed Assets

Net Fixed Assets +26.1932.5933.3134.9733.1934.6831.8329.6430.2030.84
Gross Block59.2567.5070.7475.1577.1780.0675.1276.1877.3780.91
Accumulated Depreciation33.0634.9037.4340.1843.9845.3843.2946.5447.1750.07
CWIP 0.110.150.300.020.010.010.1700.141.08
Investments 0.010.010.010.010.010.010000
Inventories21.7622.1122.7927.6922.7325.9630.3526.1926.3324.61
Trade Receivables18.7919.2519.1724.5827.9220.8820.6625.6418.1611.97
Cash Equivalents 0.741.010.700.920.8630.240.1912.570.30
Others Assets 8.5499.138.5310.159.5010.8612.6911.9813.35
Total Assets 76.1384.1285.4096.7194.8794.0594.1294.3499.3782.14

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 10.126.725.576.087.4810.022.9310.3916.6310.22
PBT 4.492.954.233.461.631.462.326.235.615.07
Adjustment 7.684.577.756.555.796.195.666.244.674.46
Changes in Working Capital -1.91-0.82-5.64-3.370.712.86-5.04-1.626.340.69
Tax Paid -0.150.02-0.78-0.56-0.65-0.49-0.01-0.4600
Cash Flow From Investing Activity + -4.68-7.45-3.42-4.86-0.47-4.08-0.59-1.10-3.01-4.33
Capex -4.66-7.05-3.47-4.90-0.51-4.11-0.62-1.12-3.04-4.35
Net Investments -0.05-0.4300000000
Others 0.040.030.050.040.040.030.020.020.030.02
Cash Flow From Financing Activity + -5.520.56-2.46-1-7.06-3.80-2.20-9.35-1.24-18.16
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.193.74-1.063.17-2.88-0.932.17-0.79-2.16-5.40
Interest Paid -3.94-2.70-3.48-3.24-3.192.772.78-3.18-2.04-1.79
Dividend Paid -1.10-1.10-1.10-1.10-1.1000000
Others -0.670.623.170.170.11-5.65-7.15-5.382.96-10.97
Net Cash Flow -0.09-0.17-0.320.22-0.062.140.13-0.0612.38-12.27

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.43-0.0713.468.487.88.39.1512.734.359.4
ROCE (%)14.329.5511.99.696.916.026.9212.6910.249.7
Asset Turnover Ratio1.561.41.461.441.370.931.021.191.021.07
PAT to CFO Conversion(x)5.11N/A1.712.733.554.211.042.3910.272.73
Working Capital Days
Receivable Days55.7061.8056.6060.8072.80101.2079.3075.4081.2056.70
Inventory Days70.6071.3066.2070.1069.90101107.5092.1097.4095.90
Payable Days66.8074.505751.5055.6079.4049.4033.1041.1028.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

National Plastic Industries Ltd FAQs

The current trading price of National Plastic Ind on 04-Jun-2026 16:59 is ₹43.64.

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 03-Jun-2026 the market cap of National Plastic Ind stood at ₹39.84 Cr

The latest P/E ratio of National Plastic Ind as of 03-Jun-2026 is 11.51.

The latest P/B ratio of National Plastic Ind as of 03-Jun-2026 is 0.88.

The 52-week high of National Plastic Ind is ₹72.00 and the 52-week low is ₹37.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of National Plastic Ind is ₹103 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that National Plastic Industries Ltd is a average quality company.

The key valuation ratios of National Plastic Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of National Plastic Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About National Plastic Industries Ltd

National Plastic Industries started its production in a very humble manner in the year 1952 in a 500 sq.ft. premises, manufacturing plastic buttons for shirts, etc. Slowly and steadily it kept on innovating new and interesting homeware products, which at a later date became the main thrust of innovation for the company. It did not take National Plastic long to become not only India’s largest manufacturer of houseware products but also the largest exporter of plastic housewares in India. The brand “National since 1952” became a household name in plastics in India.

National Plastic Industries then took a quantum leap and commenced the commercial production of Molded Furniture in 1994 and since then has gone from strength to strength. Today National Molded Furniture is available throughout India and has been widely accepted by both traders as well as consumers. There are over 75 models to suit all applications and all kinds of budgets. Consumers prefer National Molded Furniture for its quality, color and finishing.

Besides chairs, National Plastics Industries is one of the pioneers in bringing in a revolution for the use of plastic crates for the Beverage Industry in India. Today Plastic crates are very well accepted all over India for the soft-drink Industry, International brand like PEPSI, COCA-COLA, Cadbury schweps to Thumbs Up, are using National crates for crating their bottle besides numerous national and local brands.

Product range of the company includes:

The company is Asia's largest manufacturer of moulded furniture.

  • Stool
  • Dining table 
  • Center table
  • Chair
  • Baby chiar
  • Accessories
  • Houseware

National products are available across 36 countries including America, Australia etc.

Achievements/ recognition:

  • An ISO-9001 : 2000 accredited company
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