DDev Plastiks Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:07 am

Market Cap	2,917 Cr.
Current Price	282
High / Low	458/160
Stock P/E	15.4
Book Value	71.2
Dividend Yield	0.53 %
ROCE	41.9 %
ROE	31.5 %
Face Value	1.00
PEG Ratio	0.72

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Multibase India Ltd	470 Cr.	373	622/225	31.5	110	14.2 %	11.6 %	8.58 %	10.0
IIRM Holdings India Ltd	736 Cr.	108	172/22.9	32.5	18.7	0.00 %	%	%	5.00
Fiberweb (India) Ltd	173 Cr.	60.2	66.6/29.0	15.1	58.3	0.00 %	5.17 %	4.61 %	10.0
Deep Polymers Ltd	160 Cr.	66.0	120/64.9	21.6	35.5	0.00 %	9.48 %	9.69 %	10.0
DDev Plastiks Industries Ltd	2,917 Cr.	282	458/160	15.4	71.2	0.53 %	41.9 %	31.5 %	1.00
Industry Average	5,063.24 Cr	742.38		60.82	191.24	0.95%	15.72%	13.15%	7.75

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	506	565	534	622	537	645	655	667	638	642	554	597	625
Expenses	483	541	507	591	511	619	613	601	584	582	493	513	567
Operating Profit	23	24	27	31	26	25	42	67	54	60	60	84	58
OPM %	5%	4%	5%	5%	5%	4%	6%	10%	8%	9%	11%	14%	9%
Other Income	2	4	8	7	5	11	0	9	7	5	3	8	6
Interest	9	9	13	9	9	9	7	8	7	6	5	5	4
Depreciation	3	3	3	3	3	3	3	3	3	3	3	4	3
Profit before tax	14	16	19	26	19	25	32	64	51	57	55	82	57
Tax %	22%	28%	25%	32%	26%	25%	28%	25%	26%	25%	27%	25%	25%
Net Profit	11	12	14	18	14	19	23	48	38	42	40	62	42
EPS in Rs					1.38	1.81	2.20	4.67	3.65	4.08	3.87	5.95	4.10

Last Updated: October 7, 2024, 8:15 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:39 pm

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	0	2,227	2,504	2,431	2,419
Expenses	0	2,121	2,344	2,173	2,156
Operating Profit	0	106	160	258	263
OPM %		5%	6%	11%	11%
Other Income	0	22	26	24	23
Interest	0	41	33	23	20
Depreciation	0	12	12	14	14
Profit before tax	0	76	140	245	251
Tax %		28%	26%	26%
Net Profit	0	55	104	182	186
EPS in Rs			10.06	17.56	18.00
Dividend Payout %		4%	9%	9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2022-2023	2023-2024
YoY Net Profit Growth (%)	89.09%	75.00%
Change in YoY Net Profit Growth (%)	0.00%	-14.09%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 2 years from 2022-2023 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-9%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	25%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	49%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	28%
Last Year:	31%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:41 pm

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.01	9	9	10	10
Reserves	0	382	485	650	726
Borrowings	0	130	56	66	63
Other Liabilities	0	408	362	269	268
Total Liabilities	0	929	912	995	1,068
Fixed Assets	0	207	225	231	237
CWIP	0	2	1	3	7
Investments	0	0	0	0	5
Other Assets	0	720	686	761	819
Total Assets	0	929	912	995	1,068

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	0	26	145	116
Cash from Investing Activity +	0	-11	-35	-18
Cash from Financing Activity +	0	-10	-109	-28
Net Cash Flow	0	6	1	70

Free Cash Flow

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	0.00	-24.00	104.00	192.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2022	Mar 2023	Mar 2024
Debtor Days	57	53	60
Inventory Days	52	37	38
Days Payable	66	49	34
Cash Conversion Cycle	43	41	64
Working Capital Days	53	48	64
ROCE %	45%	32%	42%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	74.84%	74.84%	74.84%	74.84%	74.84%	74.85%	74.97%	74.97%
FIIs	0.00%	0.00%	0.00%	0.14%	0.17%	0.12%	0.01%	0.02%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%	0.24%	0.31%
Public	25.16%	25.15%	25.15%	25.01%	24.98%	24.78%	24.77%	24.69%
No. of Shareholders	10,493	12,035	13,200	18,398	24,071	25,981	27,151	28,422

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	10.00
Basic EPS (Rs.)	17.56	11.07	5.82	-3.50
Diluted EPS (Rs.)	17.56	11.07	5.82	-3.50
Cash EPS (Rs.)	18.93	12.35	7.05	-3.50
Book Value[Excl.RevalReserv]/Share (Rs.)	63.77	52.54	41.66	6.50
Book Value[Incl.RevalReserv]/Share (Rs.)	63.77	52.54	41.66	6.50
Dividend / Share (Rs.)	1.50	0.00	0.24	0.00
Revenue From Operations / Share (Rs.)	234.95	266.15	236.72	0.00
PBDIT / Share (Rs.)	27.24	19.74	13.59	-3.50
PBIT / Share (Rs.)	25.87	18.45	12.37	-3.50
PBT / Share (Rs.)	23.64	14.92	8.04	-3.50
Net Profit / Share (Rs.)	17.56	11.07	5.82	-3.50
PBDIT Margin (%)	11.59	7.41	5.74	0.00
PBIT Margin (%)	11.01	6.93	5.22	0.00
PBT Margin (%)	10.06	5.60	3.39	0.00
Net Profit Margin (%)	7.47	4.15	2.45	0.00
Return on Networth / Equity (%)	27.53	21.06	13.97	-53.84
Return on Capital Employeed (%)	39.01	33.26	27.77	-53.84
Return On Assets (%)	18.25	11.41	5.89	-4.01
Total Debt / Equity (X)	0.10	0.11	0.32	12.31
Asset Turnover Ratio (%)	2.55	2.72	4.79	0.00
Current Ratio (X)	2.42	1.72	1.39	1.08
Quick Ratio (X)	1.76	1.16	0.85	1.08
Inventory Turnover Ratio (X)	9.25	8.68	0.00	0.00
Dividend Payout Ratio (NP) (%)	8.54	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	7.92	0.00	0.00	0.00
Earning Retention Ratio (%)	91.46	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	92.08	0.00	0.00	0.00
Interest Coverage Ratio (X)	12.23	5.59	3.14	0.00
Interest Coverage Ratio (Post Tax) (X)	8.88	4.13	2.34	0.00
Enterprise Value (Cr.)	1761.84	791.80	0.00	0.00
EV / Net Operating Revenue (X)	0.72	0.31	0.00	0.00
EV / EBITDA (X)	6.25	4.26	0.00	0.00
MarketCap / Net Operating Revenue (X)	0.72	0.29	0.00	0.00
Retention Ratios (%)	91.45	0.00	0.00	0.00
Price / BV (X)	2.69	1.50	0.00	0.00
Price / Net Operating Revenue (X)	0.72	0.29	0.00	0.00
EarningsYield	0.10	0.14	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 347.22

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 23.13% compared to the current share price 282.00

Intrinsic Value of as of December 21, 2024 is: 421.53

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 49.48% compared to the current share price 282.00

Last 5 Year EPS CAGR: 21.40%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 29.75%, which is a positive sign. The company has higher reserves (448.60 cr) compared to borrowings (63.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.60 cr) and profit (142.40 cr) over the years.	The stock has a high average Working Capital Days of 41.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 37.00, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 7.47%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 39.01% (Industry Average ROCE: 15.72%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 27.53% (Industry Average ROE: 13.15%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 8.88
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.76
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 15.4 (Industry average Stock P/E: 60.82)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.1
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Ddev Plastiks Industries Ltd. is a Public Limited Listed company incorporated on 07/12/2020 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L24290WB2020PLC241791 and registration number is 241791. Currently company belongs to the Industry of Plastics - Plastic & Plastic Products. Company’s Total Operating Revenue is Rs. 2226.90 Cr. and Equity Capital is Rs. 9.41 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Plastics - Plastic & Plastic Products	2B, Pretoria Street, Kolkata West Bengal 700071	tanvi.goenka@ddevgroup.in http://www.ddevgroup.in

Management
Name	Position Held
Mr. Narrindra Suranna	Chairman & Managing Director
Mr. Ddev Suranna	WholeTime Director & CEO
Mr. Rajesh Kothari	Whole Time Director
Ms. Mamta Binani	Ind. Non-Executive Director
Ms. Ramya Hariharan	Ind. Non-Executive Director
Mr. Samir Kumar Dutta	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of DDev Plastiks Industries Ltd?

The latest intrinsic value of DDev Plastiks Industries Ltd as on 20 December 2024 is ₹347.22, which is 23.13% higher than the current market price of ₹282.00. The stock has a market capitalization of 2,917 Cr. and recorded a high/low of 458/160 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹726 Cr and total liabilities of ₹1,068 Cr.

What is the Market Cap of DDev Plastiks Industries Ltd?

The Market Cap of DDev Plastiks Industries Ltd is 2,917 Cr..

What is the current Stock Price of DDev Plastiks Industries Ltd as on 20 December 2024?

The current stock price of DDev Plastiks Industries Ltd as on 20 December 2024 is 282.

What is the High / Low of DDev Plastiks Industries Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of DDev Plastiks Industries Ltd stocks is 458/160.

What is the Stock P/E of DDev Plastiks Industries Ltd?

The Stock P/E of DDev Plastiks Industries Ltd is 15.4.

What is the Book Value of DDev Plastiks Industries Ltd?

The Book Value of DDev Plastiks Industries Ltd is 71.2.

What is the Dividend Yield of DDev Plastiks Industries Ltd?

The Dividend Yield of DDev Plastiks Industries Ltd is 0.53 %.

What is the ROCE of DDev Plastiks Industries Ltd?

The ROCE of DDev Plastiks Industries Ltd is 41.9 %.

What is the ROE of DDev Plastiks Industries Ltd?

The ROE of DDev Plastiks Industries Ltd is 31.5 %.

What is the Face Value of DDev Plastiks Industries Ltd?

The Face Value of DDev Plastiks Industries Ltd is 1.00.