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OK Play India Ltd (526415)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526415 NSE: Plastic Products | Small Cap | OK Play India Share Price

₹3.34 0.09 (2.77%)

As on 25-Sep'26 16:59

OK Play India Ltd (526415)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526415 NSE: Plastic Products | Small Cap | OK Play India Share Price

₹3.34 0.09 (2.77%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹121 Cr.
Current Price
₹3.3
52-Week Low / High
₹3 / 9
TTM EPS
₹0.1
TTM Sales
₹202 Cr.
Book Value per Share
₹4.6
P/E Ratio
51.23
Lower than its 3-year historical median
Industry PE
37.1
Price to Book (P/B)
0.73
Lower than its 5-year historical median
Price to Sales (P/S)
0.60
Lower than its 5-year historical median
EV/EBITDA
6.47
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-0.62%
Underperforms industry median
Return on Capital Employed (ROCE)
7.25%
Underperforms industry median
Return on Assets (ROA)
-0.25%
Operating Profit Margin
16.5%
Net Profit Margin
-0.5%
Gross Profit Margin
12.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-42.45%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-19.45%
Net Profit Growth (1 Year)
-
-173.45%
Asset Quality
Promoter Holding
47.47%
Pledged shares (%) of Promoter's holding (%)
51.92%
Reserves
₹130 Cr.
Equity
₹36.3 Cr.
Face Value
₹1
All Time Low / High
₹0.15 / 23.94

OK Play India stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Weak
Q.1 Is OK Play India Ltd a good quality company?
OK Play India 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 OK Play India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of OK Play India Ltd vs industry peers?
OK Play India Ltd revenue CAGR is 16.32%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of OK Play India Ltd?
Promoters hold 47.47% of the OK Play India Ltd, with 51.92% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of OK Play India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -14.4% 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.
OK Play India 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ5.5%9.7%8.8%13.4%3.7%4.2%0.3%9.1%10.4%6.5%-
Value Creation
Index ⓘ
-0.6-0.3-0.4-0.1-0.7-0.7-1.0-0.4-0.3-0.5-

Growth Parameters ⓘ

Sales ⓘ97.269.410911964.467.572.113314583.5110
Sales YoY Gr.--28.6%57.1%9.1%-45.9%4.8%6.8%84.3%9.3%-42.5%-
Adj EPS ⓘ0.300.40.3-0.1-0.4-0.4-0.20.3-0.10.1
YoY Gr.--100%NA-25.7%-142.3%NANANANA-148%-
BVPS (₹) ⓘ1.82.32.33.23.12.72.32.14.24.64.9
Adj Net
Profit ⓘ
4.60.16.65-2.2-6.9-8.2-3.77.3-4.44
Cash Flow from Ops. ⓘ17.46911.531.721.528.8-9.610.41.613.7-
Debt/CF from Ops. ⓘ4.81.39.93.55.64.1-13.412.7648.8-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-1.7%5.3%5%-42.5%
Adj EPS ⓘ-191.8%NANA-148%
BVPSⓘ11%8.5%26.5%11%
Share Price -14.4% -1.3% -33.5% -58.5%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
13.80.213.58.8-3.6-12.4-17-98.4-2.92.5
Op. Profit
Mgn % ⓘ
19.120.620.823.617.119.810.517.312.66.65
Net Profit
Mgn % ⓘ
4.80.164.2-3.4-10.2-11.3-2.85-5.34
Debt to
Equity ⓘ
2.62.22.61.82.12.32.93.40.80.7-
Working Cap
Days ⓘ
310434319303572563498259268578229
Cash Conv.
Cycle ⓘ
14121115514928926627116116128685

Valuation of OK Play India - Consolidated

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!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *81.3781.3773.8035.4236.3638.6748.4448.4448.4451.92
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales106841421577992101181185168
Operating Expenses ⓘ + 8666111117657487149150140
Manufacturing Costs13153131212128494738
Material Costs55306062263740666966
Employee Cost 891216121112212324
Other Costs ⓘ 101188657141111
Operating Profit ⓘ 20173140141814323428
Operating Profit Margin (%) 18.5%20.8%21.6%25.5%17.7%19.9%14.3%17.7%18.7%16.5%
Other Income ⓘ + 0131311007
Exceptional Items ⓘ -90-9-3-0-0-0-0-2-0
Interest ⓘ 14131416151713171514
Depreciation ⓘ 4568101013121315
Profit Before Tax ⓘ -71414-9-9-11355
Tax ⓘ -3128-5-1-3546
Profit After Tax -4026-4-8-8-21-1
PAT Margin (%) -3.8%0.1%1.6%4.0%-4.6%-8.7%-7.6%-1.1%0.6%-0.5%
Adjusted EPS (₹)-0.20.00.10.3-0.2-0.4-0.4-0.10.0-0.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2534365855473936113157
Share Capital ⓘ 17.9718.6018.6019.2019.2019.2019.2019.2029.0335.79
Reserves ⓘ 71517393628201784121
Debt +757911297106869810678115
Long Term Debt31378559745257724576
Short Term Debt45432738323541343240
Minority Interest0000000000
Trade Payables18181713102021251925
Others Liabilities ⓘ 39483651507771687885
Total Liabilities ⓘ 157179202219222231229236288383

Fixed Assets

Net Fixed Assets ⓘ +567688116120123123119136192
Gross Block110135152186200214218226225278
Accumulated Depreciation545864708090951078886
CWIP ⓘ 149140111111
Investments ⓘ 0000000000
Inventories30384552576467768085
Trade Receivables4030231891113162637
Cash Equivalents 1222222121
Others Assets ⓘ 17232930333024244367
Total Assets ⓘ 157179202219222231229236288383
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 2023203726297201128
PBT ⓘ -71414-9-9-11355
Adjustment ⓘ 19182026252826292922
Changes in Working Capital ⓘ 225-5-3914-8-11-232
Tax Paid ⓘ 000-00-3-0-0-0-1
Cash Flow From Investing Activity ⓘ + -17-20-23-23-15-13-12-8-32-64
Capex -17-20-24-23-15-14-13-8-32-64
Net Investments 0000000000
Others ⓘ 0000001000
Cash Flow From Financing Activity ⓘ + -4-24-14-12-165-132234
Net Proceeds from Shares ⓘ 090810-1-07644
Net Proceeds from Borrowing ⓘ -19932-1411-4710-3133
Interest Paid ⓘ 0-13-14-16-15-17-13-17-15-14
Dividend Paid ⓘ 0000000000
Others ⓘ 14-6-148-9612-6-8-28
Net Cash Flow ⓘ -0100-11-1-11-1
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-14.810.256.3713.26-6.37-15.53-17.89-5.211.52-0.62
ROCE (%)5.1210.6511.7117.383.524.531.4511.29.587.25
Asset Turnover Ratio0.740.540.750.750.360.410.440.780.710.5
PAT to CFO Conversion(x)N/AN/A106.17N/AN/AN/AN/A11N/A
Working Capital Days
Receivable Days111.30139.4068.3048.1064.2039.7042.102941.2067.60
Inventory Days69.60137.10106.50112.80251.80240236.70143.40153.60179.10
Payable Days88.30216.30108.3087.60160.40147.70188.40127.20116.10121.50

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OK Play India Ltd FAQs

The current trading price of OK Play India on 25-Sep-2026 16:59 is ₹3.34.

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 24-Sep-2026 the market cap of OK Play India stood at ₹121.2 Cr

The latest P/E ratio of OK Play India as of 24-Sep-2026 is 27.81.

The latest P/B ratio of OK Play India as of 24-Sep-2026 is 0.68.

The 52-week high of OK Play India is ₹8.97 and the 52-week low is ₹2.85.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of OK Play India is ₹110 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that OK Play India Ltd is a below average quality company.

The key valuation ratios of OK Play India 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 OK Play India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About OK Play India Ltd

OK Play India was initially incorporated under the name of Aquapure Containers Ltd in 1988 to manufacture Water Storage Tanks.

Since its inception, OK Play India has passionately pursued leadership in plastic moulding technology. Today, with a range of world class products, the company is the largest manufacturer of plastic moulded toys, children furniture and playground equipment in the country. Recognized time and again as the undisputed leader in this competitive market.

With complete in-house capabilities to develop products, right from designing to mould making and moulding, the company offers cost effective and fast solutions for diverse applications. This coupled with its team of competent, dedicated and qualified professionals, who guarantee time bound deliveries, make OK PLAY a reliable one stop shop for its customers. They have today diversified into varied product categories.

In 1992 the company acquired a British toy manufacturing company by the name of OK Play. It subsequently diversified into the manufacturing of toys and changed its name to OK Play India Limited in 1993.

The company came out with a public issue in February 1994 amounting to Rs.425 Lacs, which was fully subscribed.

In July 2007 the company issued Foreign Currency Convertible Bonds for $ 10 million.The company got into a technical collaboration with Solar Plastic Inc., (a USA based company) market leaders in roto-moulded plastic products in the same year.

In May 2008 the company tied up with Belgium based toy company, Toykimo, and introduced a range of construction toys.

To meet the growing needs of the retail sector the company entered into marketing, technical and manufacturing agreement with Purform-one of the largest selling mannequin brand in the world from New Zealand.

Product range of the company includes:

  • Toys
  • School Furniture
  • Playground Equipment
  • Mannequins
  • Point of Purchase Products
  • Automotive Products
  • Infrastructure Products
  • Industrial Products.

Achievements/ recognition:

  • ISO 9001 Certified and GMP approved.
  • Awarded The Best Rotomoulded Product by Plasticon Awards 2005, instituted by the PlastIndia Foundation.
  • Awarded by Toy Association of India Yr 1999
  • Awarded Best Toy of the year 1999 for the product Roxy 2 in 1 by Toy Association of India
  • Awarded First prize for under category Infants & Pre-School Toys in the year 1998 for the product Jolly Rattle by Toy Association of India at IITF Toy Show 1998
  • Awarded Best toy of the year 1998 for the product Linx by Toy Association of India at IITF Toy Show 1998
  • Awarded Best Toy of the Year 1997 under category Ride-onToys for the product Humpty Dumpty by Toy Association of India at IITF Toy Show 1997
  • Awarded Best Toy of the Year 1997 for the product My First Train by Toy Association of India
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