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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tokyo Plast International Ltd

About the Company - Tokyo Plast International Ltd

Tokyo Plast International Ltd. is a Public Limited Listed company incorporated on 18/11/1992 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L25209DD1992PLC009784 and registration number is 009784. Currently Company is involved in the business activities of Manufacture of plastics products. Company’s Total Operating Revenue is Rs. 79.93 Cr. and Equity Capital is Rs. 9.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Domestic AppliancesPlot No.363/1 (1,2,3), Shree Ganesh Industrial Estate, Daman Daman & Diu 396210info@tokyoplast.com
http://www.tokyoplast.com
Management
NamePosition Held
Mr. Velji L ShahChairman & Managing Director
Mr. Haresh V ShahDirector
Mr. Chimanlal A KachhiDirector
Mrs. Jagruti Mayurbhai SanghviDirector
Mr. Viraj Devang VoraDirector
Mr. Priyaj Haresh ShahDirector

Tokyo Plast International Ltd. Share Price Update

Share PriceValue
Today₹111.50
Previous Day₹113.00

Basic Stock Data of Tokyo Plast International Ltd

Market Cap 106 Cr.
Current Price 111
High / Low139/84.3
Stock P/E64.2
Book Value 63.1
Dividend Yield0.00 %
ROCE2.81 %
ROE0.82 %
Face Value 10.0

Data Source: screener.in

Competitors of Tokyo Plast International Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
TTK Prestige Ltd 10,360 Cr. 747833/65245.9 1410.80 %18.1 %13.8 % 1.00
Industry Average10 Cr74745.91410.8%18.1%13.8%1

Tokyo Plast International Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales19.5918.0513.0120.9725.1220.8316.1623.2116.4919.6714.5718.9615.87
Expenses17.4817.1512.1519.6123.2320.9215.0221.7216.2617.2013.5616.9914.74
Operating Profit2.110.900.861.361.89-0.091.141.490.232.471.011.971.13
OPM %10.77%4.99%6.61%6.49%7.52%-0.43%7.05%6.42%1.39%12.56%6.93%10.39%7.12%
Other Income0.000.010.020.000.00-0.010.000.000.00-0.550.020.000.11
Interest0.140.230.190.350.520.290.310.370.330.390.270.270.34
Depreciation0.650.720.680.790.700.760.770.700.800.920.730.710.71
Profit before tax1.32-0.040.010.220.67-1.150.060.42-0.900.610.030.990.19
Tax %3.03%125.00%0.00%-4.55%34.33%27.83%-16.67%2.38%0.00%50.82%-100.00%16.16%5.26%
Net Profit1.290.010.010.230.44-0.830.070.40-0.900.300.060.830.18
EPS in Rs1.360.010.010.240.46-0.870.070.42-0.950.320.060.870.19

Tokyo Plast International Ltd Quarterly Chart

Tokyo Plast International Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales51.2751.2757.1554.9058.1872.1865.3552.9860.8562.8979.9375.5369.07
Expenses41.5743.9048.9747.7349.8760.3257.8753.4756.9359.3575.9370.2662.49
Operating Profit9.707.378.187.178.3111.867.48-0.493.923.544.005.276.58
OPM %18.92%14.37%14.31%13.06%14.28%16.43%11.45%-0.92%6.44%5.63%5.00%6.98%9.53%
Other Income0.70-1.46-0.152.041.831.291.520.870.030.040.03-0.50-0.42
Interest2.142.402.432.862.521.991.451.301.080.781.361.401.27
Depreciation1.992.092.292.122.212.452.542.422.782.692.933.193.07
Profit before tax6.271.423.314.235.418.715.01-3.340.090.11-0.260.181.82
Tax %15.63%29.58%-20.54%22.70%16.27%17.34%18.76%-13.17%-800.00%-18.18%38.46%172.22%
Net Profit5.290.993.983.274.537.194.08-3.790.810.12-0.15-0.121.37
EPS in Rs5.571.044.193.444.777.574.29-3.990.850.13-0.16-0.131.44
Dividend Payout %0.00%0.00%0.00%0.00%0.00%6.61%0.00%0.00%0.00%0.00%0.00%0.00%

Tokyo Plast International Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-81.29%302.02%-17.84%38.53%58.72%-43.25%-192.89%121.37%-85.19%-225.00%20.00%
Change in YoY Net Profit Growth (%)0.00%383.31%-319.86%56.37%20.19%-101.97%-149.64%314.26%-206.56%-139.81%245.00%

Tokyo Plast International Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:3%
3 Years:7%
TTM:-10%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:231%
Stock Price CAGR
10 Years:24%
5 Years:18%
3 Years:16%
1 Year:18%
Return on Equity
10 Years:4%
5 Years:-1%
3 Years:0%
Last Year:-1%

Tokyo Plast International Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9.509.509.509.509.509.509.509.509.509.509.509.509.50
Reserves27.2528.2432.2235.4940.0247.2050.8247.0147.8548.4549.1949.3850.43
Borrowings18.7019.9221.2520.3916.4815.3814.2819.0612.4715.9718.8514.6112.13
Other Liabilities9.7011.129.997.7611.0912.0912.7712.8311.5013.2710.9712.1612.68
Total Liabilities65.1568.7872.9673.1477.0984.1787.3788.4081.3287.1988.5185.6584.74
Fixed Assets13.9514.1313.3812.7412.6812.1111.2211.3210.6913.5616.7215.1827.63
CWIP2.724.474.224.354.354.354.354.654.655.275.275.275.27
Investments1.261.261.261.141.141.141.230.110.110.110.110.020.02
Other Assets47.2248.9254.1054.9158.9266.5770.5772.3265.8768.2566.4165.1851.82
Total Assets65.1568.7872.9673.1477.0984.1787.3788.4081.3287.1988.5185.6584.74

Tokyo Plast International Ltd Reserves and Borrowings Chart

Tokyo Plast International Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.653.670.873.6010.465.283.173.499.071.073.6118.89
Cash from Investing Activity -2.98-2.26-0.210.20-2.11-4.53-0.57-3.19-2.32-4.31-3.26-13.39
Cash from Financing Activity 2.44-1.17-1.10-3.72-6.44-2.57-2.864.11-7.930.81-0.69-5.39
Net Cash Flow0.110.24-0.440.071.92-1.82-0.264.41-1.18-2.43-0.340.11

Tokyo Plast International Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days79.9573.1171.7267.1567.8299.92116.96131.45102.03124.4375.8063.64
Inventory Days103.12103.2789.9489.8693.3751.2765.80159.07251.54218.50200.69167.44
Days Payable62.67106.1675.6139.7664.2358.8255.4674.6037.4249.8627.0628.05
Cash Conversion Cycle120.4070.2386.05117.2596.9692.38127.30215.92316.16293.07249.44203.03
Working Capital Days119.82108.35147.53174.79146.61176.18223.41313.88275.80281.37225.63174.84
ROCE %16.83%6.84%9.52%11.08%12.19%15.47%8.82%-2.30%1.61%1.21%1.44%2.81%

Tokyo Plast International Ltd Financial Efficiency Indicators Chart

Tokyo Plast International Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters64.97%64.97%64.97%64.97%64.97%59.68%63.11%63.96%64.50%64.50%64.50%63.65%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.00%0.00%0.00%0.00%0.02%
Public35.03%35.03%35.03%35.03%35.03%40.32%36.86%36.03%35.50%35.50%35.50%36.32%
No. of Shareholders8,6579,47810,1959,72910,43810,57310,63110,69110,39410,33210,55110,787

Tokyo Plast International Ltd Shareholding Pattern Chart

No. of Tokyo Plast International Ltd Shareholders

This stock is not held by any mutual fund

Tokyo Plast International Ltd ROCE Trend

Tokyo Plast International Ltd EPS Trend

Tokyo Plast International Ltd Key Financial Ratios

MonthMar 22Mar 21Mar 20Mar 19Mar 18
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-0.160.130.79-4.274.25
Diluted EPS (Rs.)-0.160.130.79-4.274.25
Cash EPS (Rs.)2.922.963.68-1.756.90
Book Value[Excl.RevalReserv]/Share (Rs.)61.2460.4659.8359.0463.42
Book Value[Incl.RevalReserv]/Share (Rs.)61.2460.4659.8359.0463.42
Revenue From Operations / Share (Rs.)84.1366.1964.0455.7668.78
PBDIT / Share (Rs.)4.243.764.050.119.41
PBIT / Share (Rs.)1.160.931.12-2.446.74
PBT / Share (Rs.)-0.260.11-0.01-3.835.22
Net Profit / Share (Rs.)-0.160.120.74-4.304.23
NP After MI And SOA / Share (Rs.)-0.160.120.74-4.304.23
PBDIT Margin (%)5.045.686.320.2013.68
PBIT Margin (%)1.381.401.75-4.379.80
PBT Margin (%)-0.310.16-0.01-6.877.58
Net Profit Margin (%)-0.190.191.16-7.716.15
NP After MI And SOA Margin (%)-0.190.191.16-7.716.15
Return on Networth / Equity (%)-0.260.211.25-7.286.67
Return on Capital Employeed (%)1.691.411.75-3.9010.16
Return On Assets (%)-0.170.130.87-4.644.60
Total Debt / Equity (X)0.250.240.210.330.23
Asset Turnover Ratio (%)0.910.740.710.600.76
Current Ratio (X)2.502.452.852.092.08
Quick Ratio (X)1.481.651.811.641.83
Inventory Turnover Ratio (X)1.931.391.683.266.14
Dividend Payout Ratio (NP) (%)0.000.000.000.0011.81
Dividend Payout Ratio (CP) (%)0.000.000.000.007.24
Earning Retention Ratio (%)0.000.000.000.0088.19
Cash Earning Retention Ratio (%)0.000.000.000.0092.76
Interest Coverage Ratio (X)2.974.583.580.086.17
Interest Coverage Ratio (Post Tax) (X)0.881.151.66-2.093.77
Enterprise Value (Cr.)99.5879.2964.6664.6389.59
EV / Net Operating Revenue (X)1.251.261.061.221.37
EV / EBITDA (X)24.7022.1716.79609.2610.02
MarketCap / Net Operating Revenue (X)1.071.060.920.951.17
Retention Ratios (%)0.000.000.000.0088.18
Price / BV (X)1.471.160.980.891.26
Price / Net Operating Revenue (X)1.071.060.920.951.17
EarningsYield0.000.000.01-0.080.05

Tokyo Plast International Ltd Profitability Ratios (%)

Tokyo Plast International Ltd Liquidity Ratios

Tokyo Plast International Ltd Liquidity Ratios (%)

Tokyo Plast International Ltd Interest Coverage Ratios (X)

Tokyo Plast International Ltd Valuation Ratios

Fair Value / Intrinsic Value of Tokyo Plast International Ltd

Fair Value: ₹33.88

The stock is overvalued by 69.48% compared to the current price ₹111

*Investments are subject to market risks

Strength and Weakness of Tokyo Plast International Ltd

StrengthWeakness
  1. The company has higher reserves (42.58 cr) compared to borrowings (16.88 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (62.43 cr) and profit (2.54 cr) over the years.
  1. The stock has a low average ROCE of 7.13%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 197.35, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 165.68, which may not be favorable.

Should I Buy Tokyo Plast International Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Tokyo Plast International Ltd:
    1. Net Profit Margin: -0.19%
      • 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: 1.69% (Industry Average ROCE: 18.1%)
      • 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. Interest Coverage Ratio (Post Tax): 0.88
      • 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.
    4. Quick Ratio: 1.48
      • 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.
    5. ✗ Stock P/E: 64.1 (Industry average Stock P/E: 46.6)
      • 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.
    6. ✓ Total Debt / Equity: 0.25
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Tokyo Plast International 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