Wim Plast Ltd - Stock Valuation and Financial Performance

BSE: 526586 | NSE: WIMPLAST | Plastic Products | Small Cap

Wim Plast Share Price

513 0.00 0.00%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Wim Plast

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Wim Plast stock performance -

mw4me loader
P/E Ratio (SA):
11.86
Market Cap:
616 Cr.
52-wk low:
370
52-wk high:
778

Is Wim Plast Ltd an attractive stock to invest in?

1. Is Wim Plast Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Wim Plast Ltd is a good quality company.

2. Is Wim Plast Ltd undervalued or overvalued?

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

3. Is Wim Plast Ltd a good buy now?

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

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.
Wim Plast Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 23.7%23.2%23%20.5%16%12.6%13.2%8.8%8.9%9.5%-
Value Creation
Index
0.70.70.70.50.1-0.1-0.1-0.4-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 296366359351384352317262317329335
Sales YoY Gr.-23.5%-1.9%-2.2%9.4%-8.4%-9.9%-17.5%21.1%4%-
Adj EPS 2731.737.540.537.132.736.926.929.433.943.3
YoY Gr.-17.3%18.2%8%-8.3%-12%13.1%-27.2%9.3%15.1%-
BVPS (₹) 125.7147.9178.3218.6247.4271.6292.3319.2344.1370.1394.8
Adj Net
Profit
32.438.14548.644.639.244.332.335.340.652
Cash Flow from Ops. 18.143.637.149.222.453.966.241.126.465-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.2%-3%1.3%4%
Adj EPS 2.5%-1.8%-2.9%15.1%
BVPS12.7%8.4%8.2%7.5%
Share Price 8.1% -2.5% 2% 35.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
23.523.22320.415.912.613.18.88.99.511.3
Op. Profit
Mgn %
18.116.820.923.521.121.221.220.616.817.818
Net Profit
Mgn %
1110.412.513.811.611.11412.411.212.315.5
Debt to
Equity
0000000000-
Working Cap
Days
10095106135156182199246207226189
Cash Conv.
Cycle
70667496122151168207176164167

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.30%

Sales growth has been subdued in last 3 years 1.28%

Net Profit has been subdued in last 3 years -2.86%

Sales growth is not so good in last 4 quarters at 0.86%

Latest Financials - Wim Plast Ltd.

Standalone Consolidated
TTM EPS (₹) 43.3 43.9
TTM Sales (₹ Cr.) 335 335
BVPS (₹.) 394.8 394.8
Reserves (₹ Cr.) 462 462
P/BV 1.30 1.30
PE 11.86 11.70
From the Market
52 Week Low / High (₹) 370.00 / 778.00
All Time Low / High (₹) 7.47 / 1690.00
Market Cap (₹ Cr.) 616
Equity (₹ Cr.) 12
Face Value (₹) 10
Industry PE 33.9

Management X-Ray of Wim Plast:

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 Wim Plast

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
Sales296366359351384352317262317329
Operating Expenses 243305284269303278250208264271
Manufacturing Costs24313729403940323739
Material Costs196242203186219194165141186188
Employee Cost 10121618212223172223
Other Costs 12192936242222171921
Operating Profit 54617582817467545359
Operating Profit Margin (%) 18.1%16.8%20.9%23.4%21.1%21.2%21.1%20.5%16.7%17.8%
Other Income 012222871110
Interest 0000000000
Depreciation 991112151718181614
Exceptional Items 0000000000
Profit Before Tax 45546573675956434854
Tax 12152024232011111214
Profit After Tax 33384549453945323541
PAT Margin (%) 11.0%10.5%12.6%13.8%11.6%11.2%14.3%12.3%11.2%12.4%
Adjusted EPS (₹)27.132.037.640.537.232.737.726.929.434.0
Dividend Payout Ratio (%)17%16%16%17%19%21%19%19%27%25%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 151178214262297326351383413444
Share Capital 66612121212121212
Reserves 145172208250285314339371401432
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables1491514141213131117
Others Liabilities 21262027222621261826
Total Liabilities 186213249303333364384422442486

Fixed Assets

Gross Block127153165125152179186193194178
Accumulated Depreciation556778122744587692101
Net Fixed Assets72868711312513512811710277
CWIP 1000001000
Investments 00024193980120150156
Inventories64527078103979510310292
Trade Receivables29414851667864666874
Cash Equivalents 5142514642567
Others Assets15201922151113121481
Total Assets 186213249303333364384422442486

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 18443749225466412665
PBT 45546573675956434854
Adjustment 9810101415121165
Changes in Working Capital -24-4-19-11-39-213-2-1521
Tax Paid -12-14-19-23-19-18-16-11-12-15
Cash Flow From Investing Activity -10-28-10-61-20-46-47-38-21-57
Capex -11-29-12-38-27-27-10-6-1-5
Net Investments 000-247-19-39-36-24-7
Others 011200244-45
Cash Flow From Financing Activity -6-6-160-10-10-210-6-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -5-5-130-8-8-170-6-10
Others -1-1-30-2-2-4000
Net Cash Flow 21011-11-7-2-23-1-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)23.5923.3523.0620.4115.9712.613.388.88.889.51
ROCE (%)32.5932.7133.330.5524.119.1116.6811.7211.9912.72
Asset Turnover Ratio2.022.121.851.421.231.070.880.650.740.72
PAT to CFO Conversion(x)0.551.160.8210.491.381.471.280.741.59
Working Capital Days
Receivable Days30303846547079917677
Inventory Days555052698498107138116105
Payable Days20172228242527332427

Wim Plast Ltd Stock News

Wim Plast Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Wim Plast on 18-Mar-2024 16:59 is ₹513.0.
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 18-Mar-2024 16:59 the market cap of Wim Plast stood at ₹616.0.
The latest P/E ratio of Wim Plast as of 18-Mar-2024 16:59 is 11.86.
The latest P/B ratio of Wim Plast as of 18-Mar-2024 16:59 is 1.30.
The 52-week high of Wim Plast is ₹778.0 and the 52-week low is ₹370.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Wim Plast is ₹335.3 ( Cr.) .

About Wim Plast Ltd

Wim Plasts Limited was incorporated as a private limited company on October 7, 1988 with Registrar of Companies Maharashtra at Bombay and was converted into a public limited company on July 14, 1993.

Wim Plasts is a sister concern of Cello having stakes in thermoware, moulded furniture, writing pens etc. It is a well known name in thermoware and writing instrument in India, a medium sized professional organization commited to customer satisfaction in individual areas of interests.The company's manufacturing facility is located in Daman and Baddi at Himachal Pradesh.

Cello Thermoware ltd., founded by G.D. Rathod, Chairman, in May 10, 1986, at a small factory in Goregaon, Bombay, with just 60 workers and 7 machines engaged in the manufacture of the finest range of Casserole, or HotPots, as they were later positioned, that the Indian market had ever seen. It is the first & largest manufacturer of branded household products in India, having wide range of plastic moulded products

Product range of the company includes:

Wim Plasts is currently engaged into manufacturing of plastic moulded and extruded articles. The product includes water jugs, house hold trolley, house hold glasses, house hold containers and hot pots.

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