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Last Updated on: 12 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 543547 | NSE: DDEVPLASTIK

DDev Plastiks Industries Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 11, 2024, 9:35 pm

Market Cap 3,045 Cr.
Current Price 294
High / Low458/160
Stock P/E16.1
Book Value 71.2
Dividend Yield0.51 %
ROCE41.9 %
ROE31.5 %
Face Value 1.00
PEG Ratio0.75

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

View Share Price Target for DDev Plastiks Industries Ltd

Competitors of DDev Plastiks Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IIRM Holdings India Ltd 798 Cr. 117172/21.835.2 18.70.00 %%% 5.00
Fiberweb (India) Ltd 167 Cr. 57.866.6/29.014.5 58.30.00 %5.17 %4.61 % 10.0
Deep Polymers Ltd 169 Cr. 70.0120/68.022.9 35.50.00 %9.48 %9.69 % 10.0
DDev Plastiks Industries Ltd 3,045 Cr. 294458/16016.1 71.20.51 %41.9 %31.5 % 1.00
Bright Brothers Ltd 211 Cr. 371404/13447.9 1280.27 %0.72 %8.44 % 10.0
Industry Average5,527.50 Cr774.0762.96195.520.24%15.95%13.41%7.63

All Competitor Stocks of DDev Plastiks Industries Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales506565534622537645655667638642554597625
Expenses483541507591511619613601584582493513567
Operating Profit23242731262542675460608458
OPM %5%4%5%5%5%4%6%10%8%9%11%14%9%
Other Income24875110975386
Interest99139997876554
Depreciation3333333333343
Profit before tax14161926192532645157558257
Tax %22%28%25%32%26%25%28%25%26%25%27%25%25%
Net Profit11121418141923483842406242
EPS in Rs1.381.812.204.673.654.083.875.954.10

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

Quarterly Chart

Profit & Loss - Annual Report

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

MonthMar 2021Mar 2022Mar 2023Mar 2024TTM
Sales02,2272,5042,4312,419
Expenses02,1212,3442,1732,156
Operating Profit0106160258263
OPM %5%6%11%11%
Other Income022262423
Interest041332320
Depreciation012121414
Profit before tax076140245251
Tax %28%26%26%
Net Profit055104182186
EPS in Rs10.0617.5618.00
Dividend Payout %4%9%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2022-20232023-2024
YoY Net Profit Growth (%)89.09%75.00%
Change in YoY Net Profit Growth (%)0.00%-14.09%

DDev Plastiks Industries Ltd 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:51%
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

MonthMar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital0.01991010
Reserves0382485650726
Borrowings0130566663
Other Liabilities0408362269268
Total Liabilities09299129951,068
Fixed Assets0207225231237
CWIP02137
Investments00005
Other Assets0720686761819
Total Assets09299129951,068

Reserves and Borrowings Chart

Cash Flow

MonthMar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +026145116
Cash from Investing Activity +0-11-35-18
Cash from Financing Activity +0-10-109-28
Net Cash Flow06170

Free Cash Flow

MonthMar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow0.00-24.00104.00192.00

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

MonthMar 2021Mar 2022Mar 2023Mar 2024
Debtor Days575360
Inventory Days523738
Days Payable664934
Cash Conversion Cycle434164
Working Capital Days534864
ROCE %45%32%42%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.84%74.84%74.84%74.84%74.84%74.85%74.97%74.97%
FIIs0.00%0.00%0.00%0.14%0.17%0.12%0.01%0.02%
DIIs0.00%0.00%0.00%0.00%0.00%0.25%0.24%0.31%
Public25.16%25.15%25.15%25.01%24.98%24.78%24.77%24.69%
No. of Shareholders10,49312,03513,20018,39824,07125,98127,15128,422

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21
FaceValue1.001.001.0010.00
Basic EPS (Rs.)17.5611.075.82-3.50
Diluted EPS (Rs.)17.5611.075.82-3.50
Cash EPS (Rs.)18.9312.357.05-3.50
Book Value[Excl.RevalReserv]/Share (Rs.)63.7752.5441.666.50
Book Value[Incl.RevalReserv]/Share (Rs.)63.7752.5441.666.50
Dividend / Share (Rs.)1.500.000.240.00
Revenue From Operations / Share (Rs.)234.95266.15236.720.00
PBDIT / Share (Rs.)27.2419.7413.59-3.50
PBIT / Share (Rs.)25.8718.4512.37-3.50
PBT / Share (Rs.)23.6414.928.04-3.50
Net Profit / Share (Rs.)17.5611.075.82-3.50
PBDIT Margin (%)11.597.415.740.00
PBIT Margin (%)11.016.935.220.00
PBT Margin (%)10.065.603.390.00
Net Profit Margin (%)7.474.152.450.00
Return on Networth / Equity (%)27.5321.0613.97-53.84
Return on Capital Employeed (%)39.0133.2627.77-53.84
Return On Assets (%)18.2511.415.89-4.01
Total Debt / Equity (X)0.100.110.3212.31
Asset Turnover Ratio (%)2.552.724.790.00
Current Ratio (X)2.421.721.391.08
Quick Ratio (X)1.761.160.851.08
Inventory Turnover Ratio (X)9.258.680.000.00
Dividend Payout Ratio (NP) (%)8.540.000.000.00
Dividend Payout Ratio (CP) (%)7.920.000.000.00
Earning Retention Ratio (%)91.460.000.000.00
Cash Earning Retention Ratio (%)92.080.000.000.00
Interest Coverage Ratio (X)12.235.593.140.00
Interest Coverage Ratio (Post Tax) (X)8.884.132.340.00
Enterprise Value (Cr.)1761.84791.800.000.00
EV / Net Operating Revenue (X)0.720.310.000.00
EV / EBITDA (X)6.254.260.000.00
MarketCap / Net Operating Revenue (X)0.720.290.000.00
Retention Ratios (%)91.450.000.000.00
Price / BV (X)2.691.500.000.00
Price / Net Operating Revenue (X)0.720.290.000.00
EarningsYield0.100.140.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of DDev Plastiks Industries Ltd as of December 12, 2024 is: 362.93

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 12, 2024, DDev Plastiks Industries Ltd is Undervalued by 23.45% compared to the current share price 294.00

Intrinsic Value of DDev Plastiks Industries Ltd as of December 12, 2024 is: 440.60

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 12, 2024, DDev Plastiks Industries Ltd is Undervalued by 49.86% compared to the current share price 294.00

Last 5 Year EPS CAGR: 21.40%

*Investments are subject to market risks

Strength and Weakness

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

Stock Analysis

  • 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 DDev Plastiks Industries Ltd:
    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: 15.11%)
      • 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: 12.7%)
      • 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: 16.1 (Industry average Stock P/E: 59.65)
      • 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.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic Products2B, Pretoria Street, Kolkata West Bengal 700071tanvi.goenka@ddevgroup.in
http://www.ddevgroup.in
Management
NamePosition Held
Mr. Narrindra SurannaChairman & Managing Director
Mr. Ddev SurannaWholeTime Director & CEO
Mr. Rajesh KothariWhole Time Director
Ms. Mamta BinaniInd. Non-Executive Director
Ms. Ramya HariharanInd. Non-Executive Director
Mr. Samir Kumar DuttaInd. 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 12 December 2024 is ₹362.93, which is 23.45% higher than the current market price of ₹294.00. The stock has a market capitalization of 3,045 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 3,045 Cr..

What is the current Stock Price of DDev Plastiks Industries Ltd as on 12 December 2024?

The current stock price of DDev Plastiks Industries Ltd as on 12 December 2024 is 294.

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 16.1.

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 0.51 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in DDev Plastiks Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE