National Plastic Industries Ltd - Stock Valuation and Financial Performance

BSE: 526616 | NSE: | Plastic Products | Small Cap

National Plastic Ind Share Price

74 1.29 1.77%
as on 16-Apr'24 16:01

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National Plastic Industries stock performance -

mw4me loader
P/E Ratio (SA):
14.76
Market Cap:
67.3 Cr.
52-wk low:
37.6
52-wk high:
88.3

Is National Plastic Industries Ltd an attractive stock to invest in?

1. Is National Plastic Industries Ltd a good quality company?

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

2. Is National Plastic Industries Ltd undervalued or overvalued?

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

3. Is National Plastic Industries Ltd a good buy now?

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.

10 Year X-Ray of National Plastic Ind:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.3%7.1%8.1%3.2%8.8%6.7%5.6%6.8%6.3%8.8%-
Value Creation
Index
-0.5-0.5-0.4-0.8-0.4-0.5-0.6-0.5-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 78.286.199.394.410411211476.582.6112101
Sales YoY Gr.-10.1%15.4%-5%9.8%7.7%2.3%-33.1%8.1%35.5%-
Adj EPS 0.91.42.2-03.62.61.83.134.75
YoY Gr.-52.2%59.1%-100.9%NA-27.7%-30.1%72.9%-5.1%59.3%-
BVPS (₹) 25.725.226.224.728.329.33032.734.939.842.2
Adj Net
Profit
0.81.3203.32.41.72.92.74.35
Cash Flow from Ops. 4.12.110.16.75.66.17.5102.910.4-
Debt/CF from Ops. 8.217.13.55.87.47.35.54.214.73.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.1%1.6%-0.6%35.5%
Adj EPS 20.3%5.7%37.7%59.3%
BVPS5%7.1%9.8%13.8%
Share Price 24.2% 16.2% 46.9% 77%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.65.48.5-0.113.596.1108.812.712.2
Op. Profit
Mgn %
10.38.610.27.97.37.45.18.1910.411
Net Profit
Mgn %
1.11.52-03.22.11.53.73.33.94.5
Debt to
Equity
1.41.61.51.71.61.71.51.41.41-
Working Cap
Days
17717315316215015516924322417791
Cash Conv.
Cycle
83927780819310114715112140

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.20%

Net Profit is growing at healthy rate in last 3 years 37.74%

Sales growth has been subdued in last 3 years -0.64%

Debt to equity has increased versus last 3 years average to 1.02

Sales growth is not so good in last 4 quarters at -4.44%

Latest Financials - National Plastic Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 5 -
TTM Sales (₹ Cr.) 101 -
BVPS (₹.) 42.2 -
Reserves (₹ Cr.) 29 -
P/BV 1.75 -
PE 14.76 -
From the Market
52 Week Low / High (₹) 37.60 / 88.31
All Time Low / High (₹) 1.20 / 110.00
Market Cap (₹ Cr.) 67.3
Equity (₹ Cr.) 9.1
Face Value (₹) 10
Industry PE 35.7

Management X-Ray of National Plastic Ind:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of National Plastic Ind

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales78.1786.0599.3394.35103.58111.60114.1976.4582.64112
Operating Expenses 70.1278.7489.3186.9496.09103.54108.3870.9675.24100.34
Manufacturing Costs6.767.749.4810.7810.5811.2211.818.829.0214.68
Material Costs50.2955.6860.7561.3867.5376.5081.5648.8853.4371.07
Employee Cost 3.193.634.0855.826.246.395.415.486.31
Other Costs 9.8811.6914.999.7812.169.578.627.857.308.28
Operating Profit 8.067.3110.027.417.498.075.825.497.4111.66
Operating Profit Margin (%) 10.3%8.5%10.1%7.9%7.2%7.2%5.1%7.2%9.0%10.4%
Other Income 0.400.430.200.462.701.471.891.360.310.34
Interest 4.604.073.942.743.433.243.192.772.783.18
Depreciation 2.311.791.792.122.532.842.882.612.622.59
Exceptional Items 0000000000
Profit Before Tax 1.551.884.493.014.233.461.631.462.326.23
Tax 0.580.612.523.030.981.23-0.48-0.91-0.511.89
Profit After Tax 0.971.281.98-0.023.252.232.112.382.834.34
PAT Margin (%) 1.2%1.5%2.0%0.0%3.1%2.0%1.8%3.1%3.4%3.9%
Adjusted EPS (₹)1.11.42.20.03.62.42.32.63.14.8
Dividend Payout Ratio (%)0%71%46%-5,952%28%41%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 23.4723.0123.8922.5025.8126.7327.4129.8331.9036.29
Share Capital 9.139.139.139.139.139.139.139.139.139.13
Reserves 14.3413.8814.7613.3716.6817.6018.2820.7022.7727.16
Minority Interest0000000000
Debt31.4433.9033.4137.7839.8942.6040.3935.9643.0436.81
Long Term Debt14.4110.0410.2313.9712.9115.4512.8111.8814.0513.26
Short Term Debt17.0323.8523.1823.8126.9827.1527.5824.0728.9823.55
Trade Payables12.898.9513.3011.769.3212.2412.628.645.807.10
Others Liabilities 3.984.665.5312.0910.3715.1414.4519.6213.3814.14
Total Liabilities 71.7870.5276.1384.1285.4096.7194.8794.0594.1294.34

Fixed Assets

Gross Block54.5155.8759.2567.5070.7475.1577.1780.0675.1276.18
Accumulated Depreciation29.7732.4433.0634.9037.4340.1843.9845.3843.2946.54
Net Fixed Assets24.7423.4426.1932.5933.3134.9733.1934.6831.8329.64
CWIP 0.010.050.110.150.300.020.010.010.170
Investments 0.010.010.010.010.010.010.010.0100
Inventories21.1022.3921.7622.1122.7927.6922.7325.9630.3526.19
Trade Receivables17.0116.0318.7919.2519.1724.5827.9220.8820.6625.64
Cash Equivalents 1.730.780.741.010.700.920.8630.240.19
Others Assets7.207.838.5499.138.5310.159.5010.8612.69
Total Assets 71.7870.5276.1384.1285.4096.7194.8794.0594.1294.34

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4.112.0910.126.725.576.087.4810.022.9310.39
PBT 1.551.884.492.954.233.461.631.462.326.23
Adjustment 6.775.897.684.577.756.555.796.195.666.24
Changes in Working Capital -4.36-5.36-1.91-0.82-5.64-3.370.712.86-5.04-1.62
Tax Paid 0.15-0.32-0.150.02-0.78-0.56-0.65-0.49-0.01-0.46
Cash Flow From Investing Activity -1.82-0.65-4.68-7.45-3.42-4.86-0.47-4.08-0.59-1.10
Capex -1.89-1.51-4.66-7.05-3.47-4.90-0.51-4.11-0.62-1.12
Net Investments -0.060.77-0.05-0.43000000
Others 0.130.090.040.030.050.040.040.030.020.02
Cash Flow From Financing Activity -1.96-1.61-5.520.56-2.46-1-7.06-3.80-2.20-9.35
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 3.02-4.370.193.74-1.063.17-2.88-0.932.17-0.79
Interest Paid -4.61-4.07-3.94-2.70-3.48-3.24-3.192.772.78-3.18
Dividend Paid 00-1.10-1.10-1.10-1.10-1.10000
Others -0.376.82-0.670.623.170.170.11-5.65-7.15-5.38
Net Cash Flow 0.33-0.17-0.09-0.17-0.320.22-0.062.140.13-0.06
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.245.58.43-0.0713.468.487.88.39.1512.73
ROCE (%)11.1710.2514.329.5511.99.696.916.026.9212.69
Asset Turnover Ratio1.281.351.561.41.461.441.370.931.021.37
PAT to CFO Conversion(x)4.241.635.11N/A1.712.733.554.211.042.39
Working Capital Days
Receivable Days656356625761731017965
Inventory Days8382717166707010110880
Payable Days91726775575156794933

National Plastic Industries Ltd Stock News

National Plastic Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of National Plastic Ind on 16-Apr-2024 16:01 is ₹74.00.
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 16-Apr-2024 16:01 the market cap of National Plastic Ind stood at ₹67.33.
The latest P/E ratio of National Plastic Ind as of 16-Apr-2024 16:01 is 14.76.
The latest P/B ratio of National Plastic Ind as of 16-Apr-2024 16:01 is 1.75.
The 52-week high of National Plastic Ind is ₹88.31 and the 52-week low is ₹37.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of National Plastic Ind is ₹100.6 ( Cr.) .

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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