Prima Plastics Ltd - Stock Valuation and Financial Performance

BSE: 530589 | NSE: | Plastic Products | Small Cap

Prima Plastics Ltd Share Price

226.05 -0.95 -0.42%
as on 23-Feb'24 16:59

DeciZen - make an informed investing decision on Prima Plastics

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Prima Plastics stock performance -

mw4me loader
P/E Ratio (SA):
99.43
Market Cap:
247.7 Cr.
52-wk low:
92
52-wk high:
254

Is Prima Plastics Ltd an attractive stock to invest in?

1. Is Prima Plastics Ltd a good quality company?

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

2. Is Prima Plastics Ltd undervalued or overvalued?

The key valuation ratios of Prima Plastics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Prima Plastics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Prima Plastics 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 Prima Plastics:

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.
Prima Plastics 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 % 9.1%8.2%19.7%17.6%11.2%7.1%3.6%5.9%-0.1%6.6%-
Value Creation
Index
-0.4-0.40.40.3-0.2-0.5-0.8-0.6-1.0-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 78.886.39484.394.111198.791.5111139124
Sales YoY Gr.-9.5%8.9%-10.4%11.7%18.4%-11.4%-7.3%21%25.4%-
Adj EPS 3.338.58.874.51.84.1-1.54.12.3
YoY Gr.--9.1%182.3%3.3%-20.1%-35.2%-60%124.3%-137.2%NA-
BVPS (₹) 38.638.644.953.75860.66063.9616562.6
Adj Net
Profit
3.63.39.39.67.7524.5-1.74.62
Cash Flow from Ops. -2.87.26.5-0.9-17.1-0.519.12.6-8.221.1-
Debt/CF from Ops. -3.60.50.1-5.6-1.7-63.11.17.9-6.12-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.5%8.1%12%25.4%
Adj EPS 2.6%-10%31.8%NA
BVPS6%2.3%2.7%6.6%
Share Price 33% 20.1% 39.5% 123.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.77.820.317.812.57.636.6-2.46.63.5
Op. Profit
Mgn %
8.5511.110.610.45.96.56.837.87.4
Net Profit
Mgn %
4.63.89.911.48.24.524.9-1.53.32
Debt to
Equity
0.20.100.10.50.50.30.30.80.6-
Working Cap
Days
18116213616121123124824723519696
Cash Conv.
Cycle
11212010511413314616416416013640

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.03%

Net Profit is growing at healthy rate in last 3 years 31.76%

Debt to equity has declined versus last 3 years average to 0.59

Return on Equity has declined versus last 3 years average to 3.50%

Sales growth is not so good in last 4 quarters at -3.59%

Latest Financials - Prima Plastics Ltd.

Standalone Consolidated
TTM EPS (₹) 2.3 19.2
TTM Sales (₹ Cr.) 124 188
BVPS (₹.) 62.6 133.4
Reserves (₹ Cr.) 58 136
P/BV 3.60 1.69
PE 99.43 11.70
From the Market
52 Week Low / High (₹) 92.00 / 254.00
All Time Low / High (₹) 2.25 / 315.00
Market Cap (₹ Cr.) 248
Equity (₹ Cr.) 11
Face Value (₹) 10
Industry PE 36.1

Management X-Ray of Prima Plastics:

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 Prima Plastics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Prima Plastics Ltd Stock News

Prima Plastics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prima Plastics on 23-Feb-2024 16:59 is ₹226.1.
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 23-Feb-2024 16:59 the market cap of Prima Plastics stood at ₹247.7.
The latest P/E ratio of Prima Plastics as of 23-Feb-2024 16:59 is 99.43.
The latest P/B ratio of Prima Plastics as of 23-Feb-2024 16:59 is 3.60.
The 52-week high of Prima Plastics is ₹254.0 and the 52-week low is ₹92.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prima Plastics is ₹124.1 ( Cr.) .

About Prima Plastics Ltd

Prima Plastics incorporated in 1993, is one of the leading exporters of plastic moulded furniture from India. With its state of the art production facilities situated at Daman, it has a phenomenal range and variety of products.

The company entered in aluminium composite panel (ACP) market in the year 2006-07 and from then it is making efforts to cater the real estate market and in process established as brand ‘Aluma’.

The complete range of items from chairs, dining tables, stools, baby chairs etc have been manufactured using the latest imported machinery and moulds. Prima is known for its international quality products, unmatched range of colours, unique and innovative designs, luster finish etc.

The company owns 42 models of plastic moulded chairs, 8 models of stools, 8 models of baby chairs, 3 models of dining tables, 4 models of teapoys, 4 models of center teapoy, 6 model of trolley, 2 model of planters, 2 models of rocker chairs, 2 models of shoe rack and fridge stand.

Products

  • Chairs
  • Stool
  • Baby Chairs
  • Dining tables
  • Teapoys
  • Trolley
  • Others such as planters, shoe rack, fridge stand and baby rocker

Awards and Recognition

Prima Plastics bagged ‘Top Exports Award’ for five consecutive years starting from 1996 onwards.

The Company has won 11 top export awards from Plexcouncil of India in last 12 years which itself speaks of its performance on export front.

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