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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

₹4.63 0.17 (3.81%)

As on 05-Jun'26 09:07

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

₹4.63 0.17 (3.81%)

As on 05-Jun'26 09:07

Key Metrics
Valuation Multiples
Market Cap
₹162 Cr.
Current Price
₹4.6
52-Week Low / High
₹3 / 12
TTM EPS
₹0.1
TTM Sales
₹104 Cr.
Book Value per Share
₹4.9
P/E Ratio
34.51
Lower than its 3-year historical median
Industry PE
39
Price to Book (P/B)
0.91
Lower than its 5-year historical median
Price to Sales (P/S)
1.55
Lower than its 5-year historical median
EV/EBITDA
9.22
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.24%
Underperforms industry median
Return on Capital Employed (ROCE)
6.51%
Underperforms industry median
Return on Assets (ROA)
0.12%
Operating Profit Margin
6.6%
Net Profit Margin
0.42%
Gross Profit Margin
16.9%
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
-69.38%
Net Profit Growth (1 Year)
-
-93.9%
Asset Quality
Promoter Holding
47.47%
Pledged shares (%) of Promoter's holding (%)
48.44%
Reserves
₹141 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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Quality

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Valuation

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Price Trend

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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 5.33%, compared to the industry median CAGR of 4.71%, 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 48.44% 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 -8.9% 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.
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 97.269.410911964.467.572.113314583.5104
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
4.60.16.65-2.2-6.9-8.2-3.77.3-4.45
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%
BVPS11%8.5%26.5%11%
Share Price -8.2% 16.6% -26.7% -49%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.80.213.58.8-3.6-12.4-17-98.4-2.92.7
Op. Profit
Mgn %
19.120.620.823.617.119.810.517.312.66.63.9
Net Profit
Mgn %
4.80.164.2-3.4-10.2-11.3-2.85-5.34.5
Debt to
Equity
2.62.22.61.82.12.32.93.40.80.70.1
Working Cap
Days
310434319303572563498259268578229
Cash Conv.
Cycle
14121115514928926627116116128685

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales976910911964677213314583
Operating Expenses + 7955869154546411012778
Manufacturing Costs11112424171421363212
Material Costs51254648232829497249
Employee Cost 7810131088151514
Other Costs 1011775461084
Operating Profit 181423281113823185
Operating Profit Margin (%) 19.0%20.6%20.8%23.2%16.5%19.8%10.5%17.3%12.4%6.6%
Other Income + 014443401321
Exceptional Items -90-8-3-0-0-0-0-2-0
Interest 11111315141612161412
Depreciation 33578911789
Profit Before Tax -4118-8-9-11075
Tax -21-05-5-2-3425
Profit After Tax -2113-3-7-8-460
PAT Margin (%) -2.1%0.9%0.7%2.5%-4.3%-10.4%-11.4%-2.9%4.0%0.4%
Adjusted EPS (₹)-0.10.00.00.2-0.1-0.4-0.4-0.20.20.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of OK Play India - 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 + 3342436259524440121166
Share Capital 18191919191919192936
Reserves 152424434033252092130
Debt +6065104891028088987394
Long Term Debt19288057745054704563
Short Term Debt41372432283034292832
Minority Interest0000000000
Trade Payables14151111916182056
Others Liabilities 38463344437161616058
Total Liabilities 144169192206212220211218259323

Fixed Assets

Net Fixed Assets +37576996100104717194125
Gross Block87111128159172185154162161184
Accumulated Depreciation50545964728184916759
CWIP 138140000000
Investments 88888848484848
Inventories27344047505748545448
Trade Receivables3829211710927311623
Cash Equivalents 1222222121
Others Assets 20303736424116124578
Total Assets 144169192206212220211218259323

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 176911322129-1010214
PBT -4118-8-9-11075
Adjustment 15141723222523222314
Changes in Working Capital 1754-61715-21-12-29-5
Tax Paid 000-00-2-0-0-0-0
Cash Flow From Investing Activity + -16-19-23-20-12-12-13-8-32-34
Capex -16-20-23-20-12-13-14-8-32-34
Net Investments 0000000000
Others 0000011000
Cash Flow From Financing Activity + -1-4811-12-10-1722-33119
Net Proceeds from Shares 090800007644
Net Proceeds from Borrowing -16-3536-1114-4514-3012
Interest Paid 0-11-13-15-14-16-12-16-14-12
Dividend Paid 0000000000
Others 14-11-126-9429-2-1-25
Net Cash Flow -0100-10-1-11-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-5.921.731.725.62-4.53-12.59-17.08-9.337.140.24
ROCE (%)5.519.78.7613.373.694.20.289.110.396.51
Asset Turnover Ratio0.740.480.610.60.310.310.330.620.610.29
PAT to CFO Conversion(x)N/A691110.67N/AN/AN/AN/A0.33N/A
Working Capital Days
Receivable Days118.90163.6084.6058.7076.2050.9090.4080.5059.8086.40
Inventory Days68.60148.30123.10132.50274.70288.80264.10139.70135.50222.40
Payable Days76.90211106.1087.10158.60163.80212140.8062.3039.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *79.4581.3781.3773.8035.4236.3638.6748.4448.4448.44
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

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Announcements

OK Play India Ltd FAQs

The current trading price of OK Play India on 05-Jun-2026 09:07 is ₹4.63.

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 04-Jun-2026 the market cap of OK Play India stood at ₹161.9 Cr

The latest P/E ratio of OK Play India as of 04-Jun-2026 is 34.51.

The latest P/B ratio of OK Play India as of 04-Jun-2026 is 0.91.

The 52-week high of OK Play India is ₹12.30 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 ₹104 ( 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 Somewhat 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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