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Last Updated on: 24 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543547 | NSE: DDEVPLASTIK

Fundamental Analysis of DDev Plastiks Industries Ltd

Share Price and Basic Stock Data

Last Updated: June 24, 2024, 7:52 pm

Market Cap 4,056 Cr.
Current Price 392
High / Low415/160
Stock P/E22.3
Book Value 63.8
Dividend Yield0.26 %
ROCE41.9 %
ROE31.5 %
Face Value 1.00
PEG Ratio0.69

Competitors of DDev Plastiks Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Axel Polymers Ltd 59.6 Cr. 70.076.0/41.238.2 17.60.00 %12.9 %10.9 % 10.0
Deep Polymers Ltd 199 Cr. 82.2120/68.027.9 34.10.00 %9.49 %9.70 % 10.0
Plastiblends India Ltd 714 Cr. 275358/17820.7 1561.45 %11.6 %8.63 % 5.00
Supreme Industries Ltd 75,625 Cr. 5,9586,482/3,05973.2 4020.50 %28.6 %21.7 % 2.00
Mold-Tek Packaging Ltd 2,592 Cr. 7791,105/71538.9 1790.77 %14.5 %11.6 % 5.00
Industry Average5,908.56 Cr754.3040.70157.330.32%29.58%71.42%6.69

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales506565534622537645655667638642554597
Expenses483541507591511619613601584582493513
Operating Profit232427312625426754606084
OPM %5%4%5%5%5%4%6%10%8%9%11%14%
Other Income2487511097538
Interest9913999787655
Depreciation333333333334
Profit before tax141619261925326451575582
Tax %22%28%25%32%26%25%28%25%26%25%27%25%
Net Profit111214181419234838424062
EPS in Rs1.381.812.204.673.654.083.875.95

Last Updated: June 9, 2024, 7:14 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 8, 2024, 6:41 am

MonthMar 2021Mar 2022Mar 2023Mar 2024
Sales02,2272,5042,431
Expenses02,1212,3442,173
Operating Profit0106160258
OPM %5%6%11%
Other Income0222624
Interest0413323
Depreciation0121214
Profit before tax076140245
Tax %28%26%26%
Net Profit055104182
EPS in Rs10.0617.56
Dividend Payout %4%9%6%

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%

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-3%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:75%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:109%
Return on Equity
10 Years:%
5 Years:%
3 Years:28%
Last Year:31%

Last Updated: June 24, 2024, 2:22 pm

Balance Sheet

Last Updated: June 8, 2024, 6:41 am

MonthMar 2021Mar 2022Mar 2023Mar 2024
Equity Capital09910
Reserves0382485650
Borrowings01305666
Other Liabilities0408362269
Total Liabilities0929912995
Fixed Assets0207225231
CWIP0213
Investments0000
Other Assets0720686761
Total Assets0929912995

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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.84%74.84%74.84%74.84%74.84%74.85%74.97%
FIIs0.00%0.00%0.00%0.14%0.17%0.12%0.01%
DIIs0.00%0.00%0.00%0.00%0.00%0.25%0.24%
Public25.16%25.15%25.15%25.01%24.98%24.78%24.77%
No. of Shareholders10,49312,03513,20018,39824,07125,98127,151

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
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
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: 449.33

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.

Undervalued: 14.62% compared to the current price 392

Intrinsic Value: 932.63

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 137.92% compared to the current price ₹392

Last 5 Year EPS CAGR: 107.56%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 19.25%, which is a positive sign.
  2. The company has higher reserves (379.25 cr) compared to borrowings (63.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.50 cr) and profit (115.25 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: %)
      • 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: %)
      • 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: 22.3 (Industry average Stock P/E: )
      • 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: 0.10
      • 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 SurannaWhole Time Director
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 fair value of DDev Plastiks Industries Ltd?

The latest fair value of DDev Plastiks Industries Ltd is ₹449.33.

What is the Market Cap of DDev Plastiks Industries Ltd?

The Market Cap of DDev Plastiks Industries Ltd is 4,056 Cr..

What is the current Stock Price of DDev Plastiks Industries Ltd as on 24 June 2024?

The current stock price of DDev Plastiks Industries Ltd as on 24 June 2024 is ₹392.

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

In FY 2024, the High / Low of DDev Plastiks Industries Ltd stocks is 415/160.

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

The Stock P/E of DDev Plastiks Industries Ltd is 22.3.

What is the Book Value of DDev Plastiks Industries Ltd?

The Book Value of DDev Plastiks Industries Ltd is 63.8.

What is the Dividend Yield of DDev Plastiks Industries Ltd?

The Dividend Yield of DDev Plastiks Industries Ltd is 0.26 %.

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