Prima Plastics Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 23.70 21.90 (35) 9.32
Op profit growth 40.10 6.35 (57) 45.70
EBIT growth (40) (8.70) (15) 52.10
Net profit growth 6.36 (9.30) (15) 83.40
Profitability ratios (%)        
OPM 10 8.85 10.10 15.30
EBIT margin 6.43 13.30 17.80 13.60
Net profit margin 7.96 9.25 12.40 9.50
RoCE 6.91 13.80 19.90 27.50
RoNW 2.82 3.01 3.73 5.09
RoA 2.14 2.40 3.48 4.80
Per share ratios ()        
EPS 9.44 8.42 9.51 10.80
Dividend per share 1 2 2 2
Cash EPS 4.84 6.33 8.65 8
Book value per share 88 74.80 68.80 59
Valuation ratios        
P/E 2.70 20.70 26.90 12.10
P/CEPS 5.27 27.50 29.60 16.20
P/B 0.29 2.33 3.72 2.20
EV/EBIDTA 3.38 13.30 17.50 6.36
Payout (%)        
Dividend payout -- 23.20 21 21.60
Tax payout (24) (24) (27) (29)
Liquidity ratios        
Debtor days 69.20 68.10 69.20 49.10
Inventory days 74.70 72.90 78.80 57.80
Creditor days (14) (10) (17) (13)
Leverage ratios        
Interest coverage (4.10) (9.30) (24) (47)
Net debt / equity 0.16 0.30 -- (0.10)
Net debt / op. profit 1.23 2.68 (0.30) (0.50)
Cost breakup ()        
Material costs (59) (60) (60) (58)
Employee costs (12) (11) (8.50) (5.90)
Other costs (19) (20) (21) (21)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 127 103 84.30 129
yoy growth (%) 23.70 21.90 (35) 9.32
Raw materials (75) (62) (51) (75)
As % of sales 59 60.10 60.40 58.20
Employee costs (15) (11) (7.20) (7.70)
As % of sales 12.10 10.70 8.51 5.93
Other costs (24) (21) (18) (27)
As % of sales 19 20.30 20.90 20.60
Operating profit 12.70 9.10 8.55 19.80
OPM 10 8.85 10.10 15.30
Depreciation (4.80) (2.50) (1) (3.50)
Interest expense (2) (1.50) (0.60) (0.40)
Other income 0.22 7.10 7.37 1.26
Profit before tax 6.20 12.20 14.40 17.20
Taxes (1.50) (2.90) (3.90) (4.90)
Tax rate (24) (24) (27) (29)
Minorities and other (0.30) 0.24 0.02 --
Adj. profit 4.44 9.50 10.50 12.30
Exceptional items -- -- -- --
Net profit 10.10 9.50 10.50 12.30
yoy growth (%) 6.36 (9.30) (15) 83.40
NPM 7.96 9.25 12.40 9.50
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 6.20 12.20 14.40 17.20
Depreciation (4.80) (2.50) (1) (3.50)
Tax paid (1.50) (2.90) (3.90) (4.90)
Working capital 31.30 23.90 7.57 1.40
Other operating items -- -- -- --
Operating cashflow 31.30 30.70 17.10 10.20
Capital expenditure (2.50) (16) (33) 0.43
Free cash flow 28.80 15 (16) 10.60
Equity raised 105 95.60 91.70 85.90
Investments 29.60 20.50 17.20 (0.10)
Debt financing/disposal 18.80 29.20 7.48 (3.60)
Dividends paid -- 2.20 2.20 2.20
Other items -- -- -- --
Net in cash 182 162 103 95
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 11 11 11 11
Preference capital -- -- -- --
Reserves 85.80 78 71.30 64.60
Net worth 96.80 89 82.30 75.60
Minority interest
Debt 21.30 32.40 29.90 5.21
Deferred tax liabilities (net) 2.94 2.68 2.82 2.11
Total liabilities 122 124 115 83.30
Fixed assets 29.10 29.90 31.90 24.30
Intangible assets
Investments 30.70 25 21.60 17.80
Deferred tax asset (net) 0.80 0.22 0.27 0.11
Net working capital 55.40 60.60 55.80 33.30
Inventories 27.40 26.80 24.60 16.50
Inventory Days 78.70 -- 87.40 71.30
Sundry debtors 23.70 28.60 24.40 13.90
Debtor days 68.10 -- 86.80 60.30
Other current assets 14.30 13.20 12.50 8.11
Sundry creditors (6.10) (4.90) (2.90) (2.20)
Creditor days 17.50 -- 10.40 9.48
Other current liabilities (3.90) (3.20) (2.80) (3)
Cash 5.55 8.56 5.49 7.75
Total assets 122 124 115 83.30
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Particulars ( Rupees In Crores.) Sep-2020 Jun-2020 Mar-2020 Dec-2019 Sep-2019
Gross Sales 30.80 13.60 33.20 33.80 31.30
Excise Duty -- -- -- -- --
Net Sales 30.80 13.60 33.20 33.80 31.30
Other Operating Income -- -- -- -- --
Other Income 2.56 2.26 1.57 1.48 1.47
Total Income 33.40 15.80 34.80 35.30 32.80
Total Expenditure ** 25.70 14.20 29.10 30.40 28.30
PBIDT 7.71 1.62 5.72 4.92 4.49
Interest 0.29 0.31 0.46 0.44 0.50
PBDT 7.42 1.32 5.26 4.49 4
Depreciation 1.20 1.17 1.21 1.28 1.33
Minority Interest Before NP -- -- -- -- --
Tax 0.69 (0.20) 0.78 0.50 0.27
Deferred Tax -- (0.10) (0.40) 0.01 0.08
Reported Profit After Tax 5.56 0.41 3.70 2.70 2.31
Minority Interest After NP 0.15 (0.10) 0.07 0.10 0.05
Net Profit after Minority Interest 5.41 0.48 3.63 2.60 2.26
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 5.41 0.48 3.63 2.60 2.26
EPS (Unit Curr.) 4.92 0.43 3.30 2.37 2.06
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- 10 -- --
Equity 11 11 11 11 11
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 25 12 17.20 14.60 14.30
PBDTM(%) 24.10 9.74 15.80 13.30 12.80
PATM(%) 18 3.03 11.10 7.99 7.38