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Prima Plastics share price

Prima Plastics Ltd.

BSE: 530589 SECTOR: Plastic Products  14k   30   5

226.05
-0.95 (-0.42%)
BSE: 23 Feb 04:01 PM

Price Summary

Today's High

₹ 232

Today's Low

₹ 223

52 Week High

₹ 254

52 Week Low

₹ 92

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

248.67 Cr.

Enterprise Value

289.01 Cr.

No. of Shares

1.1 Cr.

P/E

99.83

P/B

3.61

Face Value

₹ 10

Div. Yield

0.66 %

Book Value (TTM)

₹  62.58

CASH

1.54 Cr.

DEBT

41.88 Cr.

Promoter Holding

58.28 %

EPS (TTM)

₹  2.26

Sales Growth

25.39%

ROE

6.42 %

ROCE

7.74%

Profit Growth

358.93 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year25.39%
3 Year12.03%
5 Year8.08%

Profit Growth

1 Year358.93%
3 Year30.86%
5 Year-10.01%

ROE%

1 Year6.42%
3 Year3.43%
5 Year4.33%

ROCE %

1 Year7.74%
3 Year5.2%
5 Year5.99%

Debt/Equity

0.5859

Price to Cash Flow

11.78

Interest Cover Ratio

2.07439265372544

CFO/PAT (5 Yr. Avg.)

2.35258749590829

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 58.28 0
Sep 2023 58.3 0
Jun 2023 58.33 0
Mar 2023 58.33 0
Dec 2022 58.33 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company’s PEG ratio is 0.278121535566954.
  • The company has a good cash flow management; CFO/PAT stands at 2.35258749590829.
  • The company has a high promoter holding of 58.28%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 18.4812991560243.

 Limitations

  • The company has shown a poor revenue growth of 12.0285529079227% for the Past 3 years.
  • Company has a poor ROE of 3.42852114154545% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 43.12 36.9 27.89 29.65 29.69
Total Expenditure 38.65 32.54 26.08 28.7 27.66
Operating Profit 4.48 4.37 1.81 0.96 2.03
Other Income 0.23 2.49 0.03 0.02 0.08
Interest 1.14 1.26 0.87 0.91 0.83
Depreciation 1.17 2.16 1.3 1.15 1.14
Exceptional Items 0 0 0 0 0
Profit Before Tax 2.39 3.45 -0.34 -1.08 0.14
Tax 0.84 -0.04 -0.08 -0.27 0.08
Profit After Tax 1.55 3.49 -0.25 -0.81 0.06
Adjusted EPS (Rs) 1.41 3.17 -0.23 -0.73 0.06

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 111.4 98.73 91.52 110.7 138.81
Total Expenditure 104.82 92.42 85.46 107.42 128.12
Operating Profit 6.58 6.3 6.06 3.29 10.69
Other Income 4.78 1.03 3.81 0.52 3.68
Interest 2.48 1.83 1.05 2.17 4.3
Depreciation 2.01 3.19 3.33 3.32 5.45
Exceptional Items 0 0 0 0 0
Profit Before Tax 6.87 2.32 5.48 -1.68 4.62
Tax 1.41 0.33 1.15 0.04 0.17
Net Profit 5.47 1.98 4.34 -1.72 4.45
Adjusted EPS (Rs.) 4.97 1.8 3.94 -1.56 4.04

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 11 11 11 11 11
Total Reserves 55.62 54.99 59.23 56.04 60.48
Borrowings 3.56 2.35 0.55 10.59 10.18
Other N/C liabilities 2.46 2.63 3.24 2.73 6.6
Current liabilities 31.49 23.61 25.95 47.77 40.41
Total Liabilities 104.14 94.58 99.98 128.14 128.67
Assets
Net Block 24.93 25.42 24.77 26.95 48.89
Capital WIP 0.12 0.11 3.27 16.48 0.33
Intangible WIP 0 0 0 0 0
Investments 4.22 4.22 4.22 4.22 4.22
Loans & Advances 16.36 9.7 9.55 3.32 2.64
Other N/C Assets 0.25 0.11 0.16 0.04 0.17
Current Assets 58.25 55.02 58.02 77.13 72.42
Total Assets 104.14 94.58 99.98 128.14 128.67
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 6.87 2.32 5.48 -1.68 4.62
Adjustment 0.64 5.3 1.09 4.84 6.45
Changes in Assets & Liabilities -6.76 12.16 -2.91 -11.1 10.77
Tax Paid -1.24 -0.67 -1.08 -0.24 -0.73
Operating Cash Flow -0.49 19.12 2.59 -8.18 21.11
Investing Cash Flow 2.98 -0.53 -3.3 -16.65 -7.89
Financing Cash Flow -3.41 -16.06 -1.99 25.14 -13.59
Net Cash Flow -0.91 2.54 -2.69 0.31 -0.37

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
promoters 58.33 58.33 58.33 58.30 58.28
bhaskar manharlal parekh 23.20 23.20 23.20 23.36 23.36
chhaya bhaskar parekh 1.97 1.97 1.97 1.97 1.97
dilip manharlal parekh 23.78 23.78 28.03 28.03 28.03
madhavi dilip parekh 3.70 3.70 3.70 3.70 3.70
nitika b tolia 0.22 0.22 0.22 0.19 0.17
pratik bhaskar parekh 1.05 1.05 1.05 1.05 1.05
shashikala m parekh - - 0.17 - -
shashikala manhar parekh 4.42 4.42 - - -
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 41.67 41.67 41.67 41.70 41.72
dheeraj kumar lohia 1.93 1.93 1.84 1.82 1.69
investor education and pr... 2.18 2.35 2.35 2.35 2.35
sangeetha s 1.72 1.72 1.72 1.72 1.72
seetha kumari . - 3.83 - - 6.00
seetha kumari - - 4.18 5.05 -
sunil agarwal 1.02 1.02 1.02 1.02 -
ashok kumar jain 1.86 1.01 - - -
alka jain 2.16 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Prima Plastics - Quaterly Results31 Jan 2024, 6:11PM Prima Plastics - Quaterly Results31 Jan 2024, 6:11PM Prima Plastics - Quaterly Results31 Jan 2024, 6:11PM Prima Plastics informs about compliance certificate11 Jan 2024, 11:04AM Prima Plastics informs about newspaper advertisements20 Jun 2023, 2:16PM Prima Plastics informs about disclosure20 Jun 2023, 1:09PM Prima Plastics informs about press release1 Jun 2023, 3:17PM Prima Plastics informs about secretarial compliance report16 May 2023, 10:35AM Prima Plastics informs about disclosure 21 Feb 2023, 12:21PM Prima Plastics informs about newspaper publication16 Feb 2023, 5:08PM Prima Plastics informs about closure of trading window31 Dec 2022, 11:42AM Prima Plastics informs about newspaper advertisement27 Dec 2022, 12:51PM Prima Plastics informs about updates 28 Nov 2022, 10:25AM Prima Plastics - Quaterly Results14 Nov 2022, 6:35PM Prima Plastics informs about transcript of proceedings AGM29 Aug 2022, 1:00PM Prima Plastics informs about correction of inadvertent error in AGM proceedings 18 Aug 2022, 4:02PM Prima Plastics informs about outcome of AGM18 Aug 2022, 3:14PM Prima Plastics - Quaterly Results9 Aug 2022, 7:30PM Prima Plastics - Quaterly Results9 Aug 2022, 7:30PM Prima Plastics informs about compliance certificate8 Jul 2022, 3:22PM Prima Plastics informs about newspaper advertisement4 Jul 2022, 5:01PM Prima Plastics - Quaterly Results20 May 2022, 8:03PM Prima Plastics - Quaterly Results20 May 2022, 8:03PM Prima Plastics informs about company updates20 Apr 2022, 2:32PM Prima Plastics commences commercial production at Madhya Pradesh plant20 Apr 2022, 2:29PM Prima Plastics informs about loss of share certificate1 Apr 2022, 3:12PM Prima Plastics informs about newspaper publications 10 Feb 2022, 4:20PM Prima Plastics - Quaterly Results8 Feb 2022, 7:01PM Prima Plastics - Quaterly Results8 Feb 2022, 7:01PM Prima Plastics informs about transfer of shares 24 Nov 2021, 4:29PM Prima Plastics informs about board meeting31 Jul 2021, 12:44PM Prima Plastics informs about newspaper advertisement3 Jul 2021, 3:15PM Prima Plastics start construction of new manufacturing unit in Madhya Pradesh3 Jul 2021, 9:32AM Prima Plastics informs about loss of share certificate4 Jun 2021, 3:56PM Prima Plastics informs about board meeting21 May 2021, 3:05PM Prima Plastics informs about clarification on price movement5 May 2021, 3:36PM Prima Plastics’ arm increases commercial production capacity by 30%20 Feb 2021, 10:17AM Prima Plastics informs about board meeting5 Feb 2021, 11:00AM Prima Plastics informs about loss of share certificates7 Aug 2020, 4:58PM Prima Plastics informs about clarification on price movements14 Jul 2020, 3:11PM

Prima Plastics Stock Price Analysis and Quick Research Report. Is Prima Plastics an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Prima Plastics has a PE ratio of 99.827768945416 which is high and comparatively overvalued .

  • Share Price: - The current share price of Prima Plastics is Rs 226.05. One can use valuation calculators of ticker to know if Prima Plastics share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Prima Plastics has ROA of 3.4643942450122 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Prima Plastics has a Current ratio of 1.79227502647912 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Prima Plastics has a ROE of 6.42245810184918 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Prima Plastics has a D/E ratio of 0.5859 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Prima Plastics has an Inventory turnover ratio of 5.45132248396317 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Prima Plastics has reported revenue growth of 25.3892848432292 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Prima Plastics for the current financial year is 7.70263173250859 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Prima Plastics is Rs 1.5 and the yield is 0.6643 %.

Last Updated on:
Brief about Prima Plastics
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