WEBSITE BSE:0 NSE: Inc. Year: 2003 Industry: Plastic Products My Bucket: Add Stock
Last updated: 09:27
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1. Business Overview
Mega Flex Plastics Ltd. is engaged in the manufacturing and sale of various plastic products. As a company in the Plastic Products sector, its core business involves processing raw plastic materials (typically polymers derived from crude oil) into finished goods. These products cater to diverse applications, which can include industrial components, packaging materials, consumer goods, construction materials (like pipes), or specialized films. The company generates revenue by selling its manufactured plastic products to a range of customers, which could include other businesses (B2B) for further processing or end-use, or directly to consumers (B2C) depending on its product portfolio.
2. Key Segments / Revenue Mix
Specific details regarding Mega Flex Plastics Ltd.'s major business segments or their revenue contribution are not publicly available within the provided information. However, within the broader plastic products industry, companies typically diversify across product types such as plastic films, sheets, pipes, molded components, or packaging solutions.
3. Industry & Positioning
The Indian plastic products industry is large, diverse, and generally competitive, often characterized by a mix of large integrated players, mid-sized companies, and numerous small and unorganized units. The industry is highly dependent on raw material prices (polymers), which are linked to crude oil. Mega Flex Plastics Ltd. operates within this landscape, likely positioning itself based on specific product specializations, cost efficiency, quality, or regional distribution strength, rather than necessarily being a market leader across all plastic product categories. Its exact standing relative to direct peers would depend on its specific product niches and market share within those.
4. Competitive Advantage (Moat)
Without specific information, a strong, durable competitive advantage (moat) for Mega Flex Plastics Ltd. is not immediately apparent. Many plastic product manufacturers operate in a largely commoditized market where price and scale are key. Potential advantages could include:
Cost Leadership: Achieving superior operational efficiency and economies of scale in manufacturing.
Niche Specialization: Expertise in producing highly specialized or technical plastic products with fewer competitors.
Distribution Network: A strong, established network to reach diverse customers effectively.
However, these would need to be demonstrated to constitute a durable moat rather than just operational efficiency.
5. Growth Drivers
Key factors that can drive growth for Mega Flex Plastics Ltd. over the next 3-5 years include:
Economic Growth in India: Increased industrial activity, infrastructure development, and consumer spending drive demand for plastic products across various sectors.
Rising Disposable Income: Leads to higher consumption of packaged goods and consumer durables, increasing demand for plastic packaging and components.
Urbanization & Infrastructure: Growth in construction (pipes, fittings) and other urban infrastructure projects.
Product Diversification & Innovation: Expanding into new product categories or developing advanced plastic solutions for specialized applications.
Export Opportunities: Tapping into international markets for specific plastic products.
6. Risks
Raw Material Price Volatility: Prices of polymers (derived from crude oil) are highly volatile, directly impacting manufacturing costs and profitability.
Intense Competition: The fragmented nature of the Indian plastic industry can lead to price wars and margin pressures.
Regulatory Risks: Increasing environmental concerns and regulations regarding plastic waste, single-use plastics, and recycling could impact demand, production methods, and compliance costs.
Economic Slowdown: A downturn in the broader economy can reduce demand across end-use industries.
Technological Obsolescence: Failure to adapt to new manufacturing technologies or material science innovations.
7. Management & Ownership
Mega Flex Plastics Ltd. is likely a promoter-led company, which is common among Indian businesses. Promoters typically hold a significant stake, providing stability but also concentrating control. Specific details about the quality of management, board composition, and the exact ownership structure (e.g., promoter holding, institutional vs. public float) are not available without further financial reports.
8. Outlook
Mega Flex Plastics Ltd. operates in an essential industry benefiting from India's long-term economic growth, urbanization, and rising consumption. The increasing demand for packaging, construction materials, and various industrial components provides a fundamental tailwind. However, the company faces significant challenges, particularly the volatility of raw material prices, intense competition within a fragmented industry, and evolving environmental regulations that could restrict certain product categories or necessitate costly operational changes. Its future performance will largely depend on its ability to manage costs, innovate within its product portfolio, adapt to regulatory shifts, and maintain a robust distribution network amidst these dynamic industry conditions.
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Market Cap ₹151 Cr.
Stock P/E 44.1
P/B 3.1
Current Price ₹140.6
Book Value ₹ 45.5
Face Value 10
52W High ₹155.1
Dividend Yield 0%
52W Low ₹ 43.5
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 34 | 36 | 31 | 29 | 46 | 53 | 48 | 60 | |
| Other Income | 2 | 2 | 2 | 2 | 1 | 2 | 3 | 2 | |
| Total Income | 36 | 38 | 33 | 31 | 47 | 54 | 51 | 63 | |
| Total Expenditure | 31 | 32 | 30 | 28 | 43 | 51 | 49 | 57 | |
| Operating Profit | 5 | 5 | 4 | 3 | 4 | 4 | 2 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 4 | 4 | 3 | 2 | 4 | 3 | 2 | 5 | |
| Provision for Tax | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | |
| Profit After Tax | 3 | 3 | 2 | 1 | 3 | 2 | 1 | 3 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 3 | 3 | 2 | 1 | 3 | 2 | 1 | 3 | |
| Adjusted Earnings Per Share | 3.8 | 4 | 2.8 | 1.6 | 3.4 | 2 | 1.3 | 2.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 25% | 9% | 14% | 0% |
| Operating Profit CAGR | 150% | 8% | 5% | 0% |
| PAT CAGR | 200% | 0% | 8% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 129% | 52% | NA% | NA% |
| ROE Average | 7% | 5% | 6% | 8% |
| ROCE Average | 9% | 7% | 8% | 11% |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 22 | 25 | 27 | 28 | 31 | 45 | 46 | 55 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Other Non-Current Liabilities | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 |
| Total Current Liabilities | 4 | 4 | 2 | 3 | 3 | 2 | 1 | 3 |
| Total Liabilities | 26 | 29 | 30 | 32 | 34 | 47 | 48 | 60 |
| Fixed Assets | 7 | 7 | 6 | 6 | 6 | 6 | 6 | 8 |
| Other Non-Current Assets | 3 | 11 | 8 | 10 | 10 | 15 | 17 | 17 |
| Total Current Assets | 17 | 12 | 16 | 16 | 19 | 26 | 25 | 35 |
| Total Assets | 26 | 29 | 30 | 32 | 34 | 47 | 48 | 60 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 0 | 0 | 0 | 2 | 13 | 12 |
| Cash Flow from Operating Activities | 3 | -3 | -4 | 1 | 4 | -5 | -2 | -4 |
| Cash Flow from Investing Activities | -3 | 2 | 5 | -1 | -2 | 5 | 1 | -9 |
| Cash Flow from Financing Activities | 0 | -0 | -0 | 0 | -0 | 11 | -0 | 7 |
| Net Cash Inflow / Outflow | -0 | -0 | 0 | -0 | 2 | 11 | -1 | -6 |
| Closing Cash & Cash Equivalent | 1 | 0 | 0 | 0 | 2 | 13 | 12 | 5 |
| # | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.76 | 4.02 | 2.78 | 1.63 | 3.37 | 2 | 1.27 | 2.82 |
| CEPS(Rs) | 4.55 | 5.08 | 3.67 | 2.32 | 3.97 | 2.48 | 1.84 | 3.41 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 27.43 | 31.45 | 34.33 | 35.96 | 39.33 | 41.67 | 42.99 | 45.53 |
| Core EBITDA Margin(%) | 7.96 | 9.63 | 5.55 | 5.05 | 7.09 | 3.31 | -0.84 | 5.37 |
| EBIT Margin(%) | 11.3 | 12.61 | 9.49 | 8.6 | 8.06 | 5.66 | 3.56 | 7.86 |
| Pre Tax Margin(%) | 11.08 | 12.18 | 9.04 | 8.37 | 7.98 | 5.56 | 3.42 | 7.6 |
| PAT Margin (%) | 8.08 | 8.87 | 6.98 | 4.37 | 5.72 | 4.08 | 2.83 | 5.68 |
| Cash Profit Margin (%) | 9.79 | 11.2 | 9.19 | 6.22 | 6.74 | 5.07 | 4.09 | 6.86 |
| ROA(%) | 11.28 | 11.41 | 7.41 | 4.16 | 8.05 | 5.29 | 2.88 | 6.38 |
| ROE(%) | 13.71 | 13.67 | 8.47 | 4.64 | 8.95 | 5.67 | 3.01 | 6.76 |
| ROCE(%) | 18.66 | 18.97 | 11.33 | 9.04 | 12.51 | 7.87 | 3.79 | 9.24 |
| Receivable days | 1.92 | 3.63 | 3.5 | 5.11 | 5.06 | 2.58 | 6 | 8.25 |
| Inventory Days | 25.57 | 35.14 | 51.53 | 73.67 | 49.95 | 42.85 | 50.14 | 33.06 |
| Payable days | 5.14 | 7.52 | 10.82 | 7.13 | 1.45 | 3.01 | 3 | 1.15 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 13.5 | 23.81 | 16.73 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0.65 | 0.71 | 1.04 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.05 | 0.06 | 0.06 | 0.07 | 0 | 0.31 | 0.44 | 0.89 |
| EV/Core EBITDA(x) | 0.35 | 0.4 | 0.47 | 0.66 | 0.02 | 4.7 | 9.03 | 9.8 |
| Net Sales Growth(%) | 0 | 4.4 | -12.07 | -6.36 | 57.56 | 13.38 | -8.13 | 24.59 |
| EBIT Growth(%) | 0 | 8.92 | -33.85 | -15.1 | 47.58 | -20.36 | -42.24 | 175.34 |
| PAT Growth(%) | 0 | 7.05 | -30.8 | -41.38 | 106.35 | -19.18 | -36.28 | 150.17 |
| EPS Growth(%) | 0 | 7.05 | -30.8 | -41.38 | 106.35 | -40.62 | -36.28 | 121.58 |
| Debt/Equity(x) | 0.03 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 | 0.02 |
| Current Ratio(x) | 4.71 | 3.46 | 8.33 | 6 | 6.17 | 11.28 | 17.87 | 11.75 |
| Quick Ratio(x) | 3.98 | 2.23 | 5.98 | 3.28 | 4.39 | 8.25 | 13.42 | 10.22 |
| Interest Cover(x) | 53.04 | 28.86 | 20.94 | 37.37 | 101.48 | 58.02 | 24.89 | 30.3 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 |
| # | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoter | 73.32 | 73.32 | 73.32 | 73.32 | 73.32 | 73.4 | 73.4 | 73.92 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 1.65 | 0.59 | 1.42 | 2.48 | 1.87 | 0 | 0 | 0 |
| Public | 25.03 | 26.09 | 25.25 | 24.19 | 24.81 | 26.6 | 26.6 | 26.08 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoter | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.89 | 0.89 | 0.9 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.02 | 0.01 | 0.02 | 0.03 | 0.02 | 0 | 0 | 0 |
| Public | 0.27 | 0.28 | 0.27 | 0.26 | 0.27 | 0.32 | 0.32 | 0.32 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.21 | 1.21 | 1.21 |
* The pros and cons are machine generated.
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