OK Play India Ltd - Stock Valuation and Financial Performance

BSE: 526415 | NSE: | Plastic Products | Small Cap

OK Play India Share Price

13.85 -0.30 -2.12%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on OK Play India

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

OK Play India stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
406.4 Cr.
52-wk low:
7.7
52-wk high:
21.5

Is OK Play India Ltd an attractive stock to invest in?

1. Is OK Play India Ltd a good quality company?

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

2. Is OK Play India Ltd undervalued or overvalued?

The key valuation ratios of OK Play India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is OK Play India Ltd a good buy now?

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.

10 Year X-Ray of OK Play India:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.6%5%10.4%6.1%10.2%9.1%4.3%2.5%0.1%4.2%-
Value Creation
Index
-0.7-0.7-0.3-0.6-0.3-0.4-0.7-0.8-1.0-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10656.797.269.410911964.467.572.1133136
Sales YoY Gr.--46.6%71.6%-28.6%57.1%9.1%-45.9%4.8%6.8%84.3%-
Adj EPS -0.1-00.300.40.3-0.1-0.4-0.4-0.2-0.1
YoY Gr.-NANA-100%NA-25.7%-142.3%NANANA-
BVPS (₹) 1.91.91.82.32.33.23.12.72.32.14
Adj Net
Profit
-1.7-0.64.60.16.65-2.2-6.9-8.2-3.7-35
Cash Flow from Ops. 16.2-17.717.46911.531.721.528.8-9.614.9-
Debt/CF from Ops. 4.4-4.84.81.39.93.55.64.1-13.48.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.5%4%27.3%84.3%
Adj EPS NA-188.5%NANA
BVPS0.7%-2.3%-12.6%-10%
Share Price 16.8% 27% 75.1% 73.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-4.8-1.713.80.213.58.8-3.6-12.4-17-9-4
Op. Profit
Mgn %
17.1-20.919.120.620.823.617.119.810.517.314.7
Net Profit
Mgn %
-1.6-14.80.164.2-3.4-10.2-11.3-2.8-25.6
Debt to
Equity
2.12.42.62.22.61.82.12.32.93.4-
Working Cap
Days
233528310434319303572563498259145
Cash Conv.
Cycle
1302321412111551492892662711617

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.28%

Sales growth is good in last 4 quarters at 12.01%

Return on Equity is Poor

Debt to equity has increased versus last 3 years average to 3.36

Latest Financials - OK Play India Ltd.

Standalone Consolidated
TTM EPS (₹) -0.1 -0
TTM Sales (₹ Cr.) 136 178
BVPS (₹.) 4 3.9
Reserves (₹ Cr.) 88 85
P/BV 3.48 3.57
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 7.68 / 21.50
All Time Low / High (₹) 0.15 / 23.94
Market Cap (₹ Cr.) 406
Equity (₹ Cr.) 290.3
Face Value (₹) 1
Industry PE 35.1

Management X-Ray of OK Play India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *84.4584.4584.4584.4584.4584.1672.7172.7177.7079.45
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of OK Play India

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
Sales106579769109119646772133
Operating Expenses 886979558691545464110
Manufacturing Costs1991111242417142136
Material Costs47255125464823282949
Employee Cost 87781013108815
Other Costs 142910117754610
Operating Profit 18-12181423281113823
Operating Profit Margin (%) 17.1%-21.1%19.0%20.6%20.8%23.2%16.5%19.8%10.5%17.3%
Other Income 02301444340
Interest 891111131514161216
Depreciation 63335789117
Exceptional Items -3-1-90-8-30000
Profit Before Tax 1-2-4118-8-9-110
Tax 5-1-2105-5-2-34
Profit After Tax -4-2-2113-3-7-8-4
PAT Margin (%) -3.9%-2.9%-2.1%0.9%0.7%2.5%-4.3%-10.4%-11.4%-2.9%
Adjusted EPS (₹)-0.2-0.1-0.10.00.00.2-0.1-0.4-0.4-0.2
Dividend Payout Ratio (%)0%0%0%0%0%0%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 33353342436259524440
Share Capital 17181819191919191919
Reserves 16171524244340332520
Minority Interest0000000000
Debt5666606510489102808898
Long Term Debt28331928805774505470
Short Term Debt27334137243228303429
Trade Payables108141511119161820
Others Liabilities 33253846334443716161
Total Liabilities 131134144169192206212220211218

Fixed Assets

Gross Block788087111128159172185154162
Accumulated Depreciation48485054596472818491
Net Fixed Assets2932375769961001047171
CWIP 341381400000
Investments 888888884848
Inventories24112734404750574854
Trade Receivables3229382921171092731
Cash Equivalents 7112222221
Others Assets27492030373642411612
Total Assets 131134144169192206212220211218

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 16-18176911322129-1015
PBT 1-2-4118-8-9-110
Adjustment 21151514172322252322
Changes in Working Capital 2-211754-61715-21-7
Tax Paid 0000000-200
Cash Flow From Investing Activity -4-7-16-19-23-20-12-12-13-8
Capex -4-7-16-20-23-20-12-13-14-8
Net Investments 0000000000
Others 0000000110
Cash Flow From Financing Activity -1618-1-4811-12-10-1722-8
Net Proceeds from Shares 0209080000
Net Proceeds from Borrowing -94-16-3536-1114-4510
Interest Paid 000-11-13-15-14-16-12-16
Dividend Paid 0000000000
Others -81314-11-126-9429-2
Net Cash Flow -4-60100-10-1-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-13.21-4.84-5.921.731.725.62-4.53-12.59-17.08-9.33
ROCE (%)8.875.775.519.78.7613.373.694.20.289.1
Asset Turnover Ratio0.920.450.740.480.610.60.310.310.330.62
PAT to CFO Conversion(x)N/AN/AN/A691110.67N/AN/AN/AN/A
Working Capital Days
Receivable Days105187119164855976519080
Inventory Days6510869148123133275289264140
Payable Days811347721110687159164212141

OK Play India Ltd Stock News

OK Play India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of OK Play India on 28-Mar-2024 16:01 is ₹13.85.
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 28-Mar-2024 16:01 the market cap of OK Play India stood at ₹406.4.
The latest P/E ratio of OK Play India as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of OK Play India as of 28-Mar-2024 16:01 is 3.48.
The 52-week high of OK Play India is ₹21.50 and the 52-week low is ₹7.68.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of OK Play India is ₹136.2 ( Cr.) .

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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