MPL Plastics Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 30, 2024, 9:08 pm

Market Cap	15.2 Cr.
Current Price	12.2
High / Low	24.4/11.2
Stock P/E	1.71
Book Value	2.59
Dividend Yield	0.00 %
ROCE	%
ROE	%
Face Value	10.0
PEG Ratio	0.03

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for MPL Plastics Ltd

Competitors of MPL Plastics Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
MPL Plastics Ltd	15.2 Cr.	12.2	24.4/11.2	1.71	2.59	0.00 %	%	%	10.0
Hawkins Cookers Ltd	4,788 Cr.	9,052	9,100/5,810	42.4	622	1.33 %	44.5 %	36.0 %	10.0
Harsha Engineers International Ltd	4,513 Cr.	495	614/360	32.5	143	0.20 %	13.4 %	10.6 %	10.0
Gorani Industries Ltd	53.7 Cr.	100	160/86.8	73.6	23.5	0.00 %	12.2 %	11.5 %	10.0
Eureka Forbes Ltd	11,211 Cr.	580	648/397	86.0	222	0.00 %	3.46 %	2.45 %	10.0
Industry Average	11,145.18 Cr	1,717.48		71.31	175.45	0.34%	14.18%	11.15%	6.69

All Competitor Stocks of MPL Plastics Ltd

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.14	0.33	3.33	0.20	0.17	0.28	1.08	0.20	0.21	0.16	0.71	0.09	0.11
Operating Profit	-0.14	-0.33	-3.33	-0.20	-0.17	-0.28	-1.07	-0.20	-0.21	-0.16	-0.71	-0.09	-0.11
OPM %							-10,700.00%
Other Income	0.95	78.86	103.63	0.37	0.01	0.51	1.81	0.00	0.00	0.43	12.15	0.01	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.01	0.00	0.00	0.00
Depreciation	0.02	0.03	0.03	0.03	0.02	0.03	0.03	0.03	0.01	0.00	0.00	0.00	0.00
Profit before tax	0.79	78.50	100.27	0.14	-0.18	0.20	0.70	-0.23	-0.22	0.26	11.44	-0.08	-0.11
Tax %	10.13%	3.52%	10.97%	0.00%	0.00%	0.00%	-465.71%	0.00%	0.00%	0.00%	19.06%	0.00%	0.00%
Net Profit	0.71	75.74	89.27	0.14	-0.18	0.20	3.96	-0.23	-0.22	0.26	9.26	-0.08	-0.11
EPS in Rs	0.57	60.60	71.42	0.11	-0.14	0.16	3.17	-0.18	-0.18	0.21	7.41	-0.06	-0.09

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	38.63	44.74	45.02	31.11	21.26	22.09	6.06	4.05	0.03	0.00	0.01	0.00	0.00
Expenses	39.91	45.28	43.10	28.29	19.84	21.70	8.55	6.56	0.76	5.68	1.74	1.28	1.07
Operating Profit	-1.28	-0.54	1.92	2.82	1.42	0.39	-2.49	-2.51	-0.73	-5.68	-1.73	-1.28	-1.07
OPM %	-3.31%	-1.21%	4.26%	9.06%	6.68%	1.77%	-41.09%	-61.98%	-2,433.33%		-17,300.00%
Other Income	42.21	6.20	0.03	0.11	0.08	0.02	-0.42	0.40	0.28	182.99	2.70	12.58	12.59
Interest	0.35	0.26	0.26	0.40	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01
Depreciation	0.31	0.34	0.56	0.36	0.31	0.24	0.23	0.21	0.22	0.11	0.10	0.04	0.00
Profit before tax	40.27	5.06	1.13	2.17	1.19	0.17	-3.14	-2.32	-0.67	177.20	0.86	11.25	11.51
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.81%	-379.07%	19.38%
Net Profit	40.26	5.06	1.13	2.17	1.19	0.17	-3.14	-2.32	-0.67	163.36	4.12	9.07	9.33
EPS in Rs	32.21	4.05	0.90	1.74	0.95	0.14	-2.51	-1.86	-0.54	130.70	3.30	7.26	7.47
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-87.43%	-77.67%	92.04%	-45.16%	-85.71%	-1947.06%	26.11%	71.12%	24482.09%	-97.48%	120.15%
Change in YoY Net Profit Growth (%)	0.00%	9.76%	169.70%	-137.20%	-40.55%	-1861.34%	1973.17%	45.01%	24410.97%	-24579.57%	217.62%

MPL Plastics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-100%

Compounded Profit Growth
10 Years:	-2%
5 Years:	9%
3 Years:	%
TTM:	352%

Stock Price CAGR
10 Years:	-8%
5 Years:	26%
3 Years:	10%
1 Year:	-26%

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

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50
Reserves	-195.39	-190.33	-189.20	-187.02	-186.16	-185.97	-189.13	-191.54	-192.12	-28.76	-24.63	-15.55	-15.74
Borrowings	215.47	214.94	184.42	182.47	182.47	182.47	182.47	182.47	182.47	1.17	1.49	3.49	3.15
Other Liabilities	22.62	11.73	8.85	8.35	7.51	8.24	4.97	3.94	3.97	19.43	14.89	2.06	2.42
Total Liabilities	55.20	48.84	16.57	16.30	16.32	17.24	10.81	7.37	6.82	4.34	4.25	2.50	2.33
Fixed Assets	4.58	4.36	4.02	3.76	3.46	3.21	2.51	2.18	1.90	1.80	0.91	0.14	0.14
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	1.45	1.45	1.45	1.45	1.30	0.99	0.88	0.90	0.93	0.93	0.96	0.99	0.99
Other Assets	49.17	43.03	11.10	11.09	11.56	13.04	7.42	4.29	3.99	1.61	2.38	1.37	1.20
Total Assets	55.20	48.84	16.57	16.30	16.32	17.24	10.81	7.37	6.82	4.34	4.25	2.50	2.33

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	12.55	-5.38	31.07	2.69	-0.28	-0.06	0.04	0.18	-0.25	181.53	-0.28	-15.38
Cash from Investing Activity +	-0.49	6.06	-0.22	-0.09	-0.01	0.02	0.00	0.07	0.04	0.01	0.78	12.81
Cash from Financing Activity +	-11.91	-0.81	-30.82	-2.36	0.02	0.02	0.02	0.02	0.03	-181.63	0.31	2.00
Net Cash Flow	0.15	-0.13	0.04	0.24	-0.27	-0.02	0.05	0.27	-0.18	-0.10	0.81	-0.57

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-216.75	-215.48	-182.50	-179.65	-181.05	-182.08	-184.96	-184.98	-183.20	-6.85	-3.22	-4.77

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2023
Debtor Days	37.42	33.20	16.38	33.56	65.07	120.12	187.32	0.00	0.00	0.00
Inventory Days	79.90	79.83	51.01	62.42	79.91		69.52
Days Payable	72.84	72.07	56.00	81.92	130.16		808.21
Cash Conversion Cycle	44.48	40.97	11.38	14.05	14.82	120.12	-551.37	0.00	0.00	0.00
Working Capital Days	66.42	93.41	31.62	48.34	91.85	105.91	234.30	112.65	14,600.00	-494,210.00
ROCE %	-3.97%	-2.47%	6.20%	32.80%	14.20%	1.91%	-36.12%	-48.76%	-20.70%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	24.00%	24.00%	24.00%	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	75.98%	75.98%	75.98%	75.98%	75.99%	75.99%	75.99%	75.98%	75.98%	75.98%	75.99%	75.99%
No. of Shareholders	11,037	11,927	12,097	12,055	12,297	12,264	12,205	12,200	12,339	12,665	13,008	13,374

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	7.26	3.30	130.70	-0.54	-1.86
Diluted EPS (Rs.)	7.26	3.30	130.70	-0.54	-1.86
Cash EPS (Rs.)	7.29	3.38	130.79	-0.36	-1.69
Book Value[Excl.RevalReserv]/Share (Rs.)	-2.44	-9.71	-13.01	-143.72	-143.25
Book Value[Incl.RevalReserv]/Share (Rs.)	-2.44	-9.71	-13.01	-143.72	-143.25
Revenue From Operations / Share (Rs.)	0.00	0.01	0.00	0.02	3.24
PBDIT / Share (Rs.)	8.70	-0.90	-3.76	-0.36	-1.69
PBIT / Share (Rs.)	8.67	-0.99	-3.85	-0.53	-1.85
PBT / Share (Rs.)	8.66	0.68	142.15	-0.53	-1.86
Net Profit / Share (Rs.)	7.26	3.30	130.70	-0.53	-1.86
PBDIT Margin (%)	0.00	-8116.42	0.00	-1420.00	-51.99
PBIT Margin (%)	0.00	-8860.71	0.00	-2095.93	-57.22
PBT Margin (%)	0.00	6134.28	0.00	-2097.18	-57.24
Net Profit Margin (%)	0.00	29448.57	0.00	-2097.18	-57.24
Return on Networth / Equity (%)	-297.12	-33.98	-1004.64	0.00	0.00
Return on Capital Employeed (%)	-474.15	10.91	31.80	0.90	3.16
Return On Assets (%)	362.89	97.07	3769.88	-9.83	-31.45
Long Term Debt / Equity (X)	0.00	0.00	0.00	-0.57	-0.57
Total Debt / Equity (X)	-1.03	-0.09	-0.05	-1.02	-1.02
Asset Turnover Ratio (%)	0.00	0.00	0.00	0.00	0.44
Current Ratio (X)	0.20	0.12	0.06	0.04	0.04
Quick Ratio (X)	0.20	0.12	0.06	0.04	0.04
Inventory Turnover Ratio (X)	0.00	0.00	0.00	0.00	19.15
Interest Coverage Ratio (X)	876.78	-90.18	-2766.29	-1136.00	-2340.11
Interest Coverage Ratio (Post Tax) (X)	698.06	160.60	-10969.53	-1676.75	-2575.22
Enterprise Value (Cr.)	21.80	17.55	8.54	188.43	185.02
EV / Net Operating Revenue (X)	0.00	1253.66	0.00	5888.59	45.68
EV / EBITDA (X)	2.01	-15.45	-1.82	-414.69	-87.85
MarketCap / Net Operating Revenue (X)	0.00	1250.74	0.00	203.10	0.81
Price / BV (X)	-6.29	-1.44	-0.49	-0.03	-0.01
Price / Net Operating Revenue (X)	0.00	1273.64	0.00	208.00	0.81
EarningsYield	0.47	0.23	20.36	-0.10	-0.70

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MPL Plastics Ltd as of December 30, 2024 is: 0.68

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 30, 2024, MPL Plastics Ltd is Overvalued by 94.43% compared to the current share price 12.20

Default values used*: Default value of 15% for ROE is used

Intrinsic Value of MPL Plastics Ltd as of December 30, 2024 is: 1.06

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 30, 2024, MPL Plastics Ltd is Overvalued by 91.31% compared to the current share price 12.20

Default values used*: Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 55.22%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 0.29 and average Dividend Yield of 795.97%. The stock has a low average Working Capital Days of 25.38, which is a positive sign. The stock has a low average Cash Conversion Cycle of -25.46, which is a positive sign. The company has shown consistent growth in sales (16.38 cr) and profit (18.82 cr) over the years.	The stock has a low average ROCE of -4.74%, which may not be favorable. The company has higher borrowings (132.23) compared to reserves (-137.81), which may suggest financial risk.

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 MPL Plastics Ltd:
1. Net Profit Margin: 0%
  - 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: -474.15% (Industry Average ROCE: 14.18%)
  - 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%: -297.12% (Industry Average ROE: 11.15%)
  - 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): 698.06
  - 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: 0.2
  - 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: 1.71 (Industry average Stock P/E: 71.31)
  - 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: -1.03
  - 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

MPL Plastics Ltd. is a Public Limited Listed company incorporated on 01/05/1992 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L25209MH1992PLC066635 and registration number is 066635. Currently Company is involved in the business activities of Manufacture of rubber and plastics products. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 12.50 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Domestic Appliances	2, Ashish Warehouse Corporation, Punjab Foundry Industrial Estate, Thane District Maharashtra 401104	vishakhaj@mplindia.in www.mplindia.in

Management
Name	Position Held
Mr. Madhup Bansilal Vaghani	Chairman & Wholetime Director
Mr. Gopal Ajay Malpani	Ind. Non-Executive Director
Mr. Devendra Kumar Negi	Ind. Non-Executive Director
Mrs. Radhika Sameer Rane	Non-Exe. Non Independent Woman Director

FAQ

What is the latest intrinsic value of MPL Plastics Ltd?

The latest intrinsic value of MPL Plastics Ltd as on 30 December 2024 is ₹0.68, which is 94.43% lower than the current market price of ₹12.20. The stock has a market capitalization of 15.2 Cr. and recorded a high/low of 24.4/11.2 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹-15.74 Cr and total liabilities of ₹2.33 Cr.

What is the Market Cap of MPL Plastics Ltd?

The Market Cap of MPL Plastics Ltd is 15.2 Cr..

What is the current Stock Price of MPL Plastics Ltd as on 30 December 2024?

The current stock price of MPL Plastics Ltd as on 30 December 2024 is 12.2.

What is the High / Low of MPL Plastics Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of MPL Plastics Ltd stocks is 24.4/11.2.

What is the Stock P/E of MPL Plastics Ltd?

The Stock P/E of MPL Plastics Ltd is 1.71.

What is the Book Value of MPL Plastics Ltd?

The Book Value of MPL Plastics Ltd is 2.59.

What is the Dividend Yield of MPL Plastics Ltd?

The Dividend Yield of MPL Plastics Ltd is 0.00 %.

What is the ROCE of MPL Plastics Ltd?

The ROCE of MPL Plastics Ltd is %.

What is the ROE of MPL Plastics Ltd?

The ROE of MPL Plastics Ltd is %.

What is the Face Value of MPL Plastics Ltd?

The Face Value of MPL Plastics Ltd is 10.0.

Share Price and Basic Stock Data

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

Competitors of MPL Plastics Ltd

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

Stock Analysis

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of MPL Plastics Ltd?

What is the Market Cap of MPL Plastics Ltd?

What is the current Stock Price of MPL Plastics Ltd as on 30 December 2024?

What is the High / Low of MPL Plastics Ltd stocks in FY 2024-2025?

What is the Stock P/E of MPL Plastics Ltd?

What is the Book Value of MPL Plastics Ltd?

What is the Dividend Yield of MPL Plastics Ltd?

What is the ROCE of MPL Plastics Ltd?

What is the ROE of MPL Plastics Ltd?

What is the Face Value of MPL Plastics Ltd?

About the Author

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