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Mitsu Chem Plast

₹150.6 1.2 | 0.8%

Market Cap ₹204 Cr.

Stock P/E 21.3

P/B 2.6

Current Price ₹150.6

Book Value ₹ 59

Face Value 10

52W High ₹215.1

Dividend Yield 0.13%

52W Low ₹ 145

Mitsu Chem Plast Research see more...

Overview Inc. Year: 1988Industry: Plastic Products

Mitsu Chem Plast Ltd. is a manufacturer of injection and plastic blow molded products. The Company manufactures a variety of products inside the blow molding, injection molding and additionally customized molding (mixture of procedures). The Company's products are categorised as Molded Industrial Packaging, Healthcare Furniture, Automotive Components and Infrastructural Furniture. Under Molded Industrial Packaging, it gives complete open top drum, jerry cans, narrow mouth drums, wide mouth drums/jars, large variety of small packing containers, injection molded solutions and sports merchandise. Under Healthcare Furniture, it offers Plastic Rod, Plastic Buffers, Plastic Toilet Seat, Plastic Food Table Board, Curved Head and Leg Bow, Plastic Straight Head and Foot Bow, Side Railing with Bracket and Head Immobilizer. Under Infrastructural Furniture, it offers Plastic Stadium Seat, Plastic Chair Seats, Plastic Chair Parts, Plastic Chair Shells, Plastic Seat Shells, and Plastic Baby Car Seat Shell.

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Mitsu Chem Plast Share Price

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Mitsu Chem Plast Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 66 75 85 70 72 83 80 76 73 82
Other Income 0 0 0 0 0 -0 0 0 0 0
Total Income 66 75 85 70 72 83 80 76 74 83
Total Expenditure 61 66 75 65 66 76 75 70 66 75
Operating Profit 5 8 10 5 5 8 5 6 8 8
Interest 1 2 2 1 2 2 2 2 2 2
Depreciation 1 1 1 1 1 1 1 1 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 6 7 2 2 4 2 2 4 4
Provision for Tax 1 2 2 0 0 1 0 1 1 1
Profit After Tax 2 3 5 2 2 3 1 2 3 3
Adjustments 0 0 0 -0 0 0 0 0 0 -0
Profit After Adjustments 2 3 5 2 2 3 1 2 3 3
Adjusted Earnings Per Share 1.6 2.7 4.1 1.2 1.5 2.7 1.1 1.2 2.6 2.2

Mitsu Chem Plast Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 70 80 88 89 94 112 125 139 178 258 309 311
Other Income 0 1 0 0 1 0 0 0 1 1 2 0
Total Income 70 81 88 89 95 113 125 139 179 259 311 313
Total Expenditure 63 73 81 81 86 103 114 123 155 232 284 286
Operating Profit 7 8 7 9 9 10 11 16 24 27 27 27
Interest 4 4 5 4 4 4 4 6 6 6 7 8
Depreciation 1 1 2 2 2 2 2 4 4 5 5 6
Exceptional Income / Expenses -0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 1 3 3 4 4 6 14 16 15 12
Provision for Tax 1 1 0 1 1 1 1 2 4 5 3 3
Profit After Tax 2 2 1 2 2 3 4 4 10 12 12 9
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 2 1 2 2 3 4 4 10 12 12 9
Adjusted Earnings Per Share 1.3 1.4 0.6 1.8 2.2 2.9 2.9 3.2 7.8 9.3 9.5 7.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 31% 23% 16%
Operating Profit CAGR 0% 19% 22% 14%
PAT CAGR 0% 44% 32% 20%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -25% -13% 22% NA%
ROE Average 21% 25% 21% 20%
ROCE Average 17% 19% 17% 16%

Mitsu Chem Plast Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 9 10 10 12 13 22 27 30 40 51 62
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 11 13 16 15 13 14 28 28 32 29 38
Other Non-Current Liabilities 1 2 2 2 2 6 5 5 5 6 7
Total Current Liabilities 18 21 27 28 28 27 41 45 50 62 74
Total Liabilities 39 46 56 56 56 69 99 109 127 148 181
Fixed Assets 17 20 21 22 24 26 57 59 60 62 72
Other Non-Current Assets 1 1 1 1 1 7 2 3 4 3 16
Total Current Assets 21 25 33 33 31 37 40 46 62 82 92
Total Assets 39 46 56 56 56 69 99 109 127 148 181

Mitsu Chem Plast Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 1 1 1 0 5 0 1 0 0 1 2
Cash Flow from Operating Activities 4 6 5 14 4 6 18 4 13 7 22
Cash Flow from Investing Activities -3 -4 -3 -4 -4 -7 -30 -8 -8 -3 -27
Cash Flow from Financing Activities -1 -1 -2 -5 -6 2 11 3 -5 -2 3
Net Cash Inflow / Outflow 0 0 1 5 -5 1 -1 -0 -0 1 -2
Closing Cash & Cash Equivalent 1 1 2 5 0 1 0 0 0 2 0

Mitsu Chem Plast Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.33 1.35 0.56 1.75 2.24 2.9 2.89 3.2 7.79 9.25 9.5
CEPS(Rs) 2.47 2.68 2.23 3.45 4.05 4.41 4.86 6.42 11.35 13.13 13.75
DPS(Rs) 0.49 1.2 0.6 0.6 0.5 0.5 0.5 0.2 0.2 0.2 0.2
Book NAV/Share(Rs) 6.55 7.73 8.03 9.42 11.65 18.13 21.36 24.28 31.9 40.97 50.22
Core EBITDA Margin(%) 9.62 8.56 6.99 7.86 7.54 8.56 8.45 11.44 12.95 9.96 8.2
EBIT Margin(%) 8.29 7.83 5.68 6.44 6.35 7.21 6.69 8.78 11.1 8.54 7.01
Pre Tax Margin(%) 3.26 3.03 1.17 2.51 2.91 3.87 3.46 4.2 7.74 6.37 4.8
PAT Margin (%) 2.3 2 0.75 1.84 2.18 3.09 2.88 2.87 5.43 4.46 3.82
Cash Profit Margin (%) 3.86 3.58 2.37 3.62 3.95 4.71 4.84 5.76 7.91 6.33 5.53
ROA(%) 4.67 3.86 1.51 3.42 4.34 5.54 4.26 3.82 8.22 8.36 7.19
ROE(%) 25.27 20.97 8.91 20.09 21.25 20.18 14.87 14.02 27.75 25.4 20.83
ROCE(%) 19.25 17.48 13.26 13.99 15.04 15.61 12.17 13.95 20.03 19.85 16.82
Receivable days 58.99 65.81 63.69 66.06 58.9 64.72 65.65 68.33 59.04 50 52.37
Inventory Days 24.98 26.02 28.76 29.49 25.51 30.86 30.68 30.47 35.82 36.7 36.25
Payable days 11.01 12.49 16.93 24.22 25.12 19.39 30.67 35.98 28.72 28.08 34.36
PER(x) 0 0 0 0 25.46 15.87 19.17 20.8 13.71 26.32 14.9
Price/Book(x) 0 0 0 0 4.89 2.54 2.59 2.74 3.35 5.95 2.82
Dividend Yield(%) 0 0 0 0 0.28 0.35 0.29 0.29 0.18 0.08 0.14
EV/Net Sales(x) 0.39 0.39 0.45 0.34 1 0.77 0.97 1.04 1.08 1.43 0.82
EV/Core EBITDA(x) 3.97 4.09 5.26 3.59 10.35 8.71 11.19 8.91 7.93 13.71 9.38
Net Sales Growth(%) 34.11 14.52 10.06 1.04 6 19.23 11.13 11.05 28.72 44.51 19.89
EBIT Growth(%) 28.39 10.63 -9.19 14.85 6.26 14.23 3.14 45.67 62.62 11.23 -1.55
PAT Growth(%) 24.5 1.44 -53.1 149.66 27.66 42.5 3.4 10.72 143.72 18.7 2.65
EPS Growth(%) 2.49 1.59 -58.68 213.16 27.66 29.45 -0.3 10.72 143.71 18.7 2.65
Debt/Equity(x) 2.9 2.95 3.68 2.99 2.72 1.58 2.04 2.11 1.61 1.32 1.23
Current Ratio(x) 1.18 1.18 1.21 1.21 1.12 1.38 1 1.02 1.23 1.32 1.25
Quick Ratio(x) 0.87 0.88 0.85 0.96 0.81 0.99 0.73 0.74 0.79 0.85 0.82
Interest Cover(x) 1.65 1.63 1.26 1.64 1.85 2.16 2.07 1.92 3.31 3.93 3.17
Total Debt/Mcap(x) 0 0 0 0 0.56 0.62 0.79 0.77 0.48 0.22 0.44

Mitsu Chem Plast Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.03 73.03 73.03 73.03 73.03 73.03 73.03 73.03 73.03 67.75
FII 0 0 0 0 0 0 0 0 0 0
DII 1.92 1.81 1.81 1.07 1.07 1 0.38 0 0 0
Public 25.06 25.17 25.17 25.9 25.9 25.97 26.6 26.97 26.97 32.25
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 31% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25%

Cons

  • Debtor days have increased from 28.08 to 34.36days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Mitsu Chem Plast News

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