Prima plastics ltd Stock/Share Price, Latest BSE/NSE Prima plastics ltd Financial Summary at www.indiainfoline.com

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)

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

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2018	Mar-2017	Mar-2016
Revenue	98.70	94.10	84.30	94
yoy growth (%)	4.89	11.70	(10)	8.94
Raw materials	(60)	(58)	(51)	(57)
As % of sales	60.40	61.20	60.40	60.10
Employee costs	(13)	(9.60)	(7.20)	(5.30)
As % of sales	13.10	10.20	8.51	5.66
Other costs	(20)	(17)	(17)	(22)
As % of sales	20.10	18.60	20.60	23.30
Operating profit	6.30	9.49	8.81	10.30
OPM	6.38	10.10	10.50	10.90
Depreciation	(3.20)	(1.50)	(1)	(1.80)
Interest expense	(1.80)	(1.50)	(0.60)	(0.30)
Other income	1.03	3.90	6.49	3.81
Profit before tax	2.32	10.50	13.70	12
Taxes	(0.30)	(2.90)	(3.90)	(2.40)
Tax rate	(14)	(28)	(28)	(20)
Minorities and other	--	--	--	--
Adj. profit	1.98	7.54	9.83	9.63
Exceptional items	--	--	--	--
Net profit	1.98	7.54	9.83	9.63
yoy growth (%)	(74)	(23)	2.12	180
NPM	2.01	8.01	11.70	10.20

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

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

Select Period

Particulars ( Rupees In Crores.)	Mar-2020	Mar-2019	Mar-2018	Mar-2017	Mar-2016
Gross Sales	127	133	105	92.90	137
Excise Duty	--	--	2.26	8.61	8.95
Net Sales	127	133	103	84.30	128
Other Operating Income	--	--	--	--	0.91
Other Income	5.89	7.48	7.10	7.37	1.26
Total Income	133	140	110	91.70	130
Total Expenditure **	114	122	93.60	75.70	109
PBIDT	18.60	18.10	16.20	15.90	21
Interest	1.97	2.55	1.47	0.61	0.38
PBDT	16.70	15.60	14.70	15.30	20.70
Depreciation	4.79	4.02	2.54	0.96	3.47
Minority Interest Before NP	--	--	--	--	--
Tax	1.83	2.04	2.34	3.90	4.93
Deferred Tax	(0.30)	(0.10)	0.58	--	--
Reported Profit After Tax	10.40	9.56	9.26	10.50	12.30
Minority Interest After NP	0.27	0.08	(0.20)	--	--
Net Profit after Minority Interest	10.10	9.49	9.50	10.50	12.30
Extra-ordinary Items	--	--	--	4.43	--
Adjusted Profit After Extra-ordinary item	10.10	9.49	9.50	6.04	12.30
EPS (Unit Curr.)	9.19	8.62	8.64	9.51	11.20
Book Value (Unit Curr.)	--	--	--	--	--
Dividend (%)	10	10	20	20	20
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(%)	14.70	13.60	15.80	18.90	16.40
PBDTM(%)	13.10	11.70	14.30	18.20	16.10
PATM(%)	8.17	7.19	9.01	12.40	9.57

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