Prima Plastics

What does Prima Plastics do?

Prima Plastics Ltd is an Indian manufacturer and exporter of plastic products, classified as a micro-cap company with a market cap of Rs 163 Cr. As of March 2025, it reported net sales of 58 Cr and a net profit of 7 Cr.

Overview: <BR>Prima Plastics Ltd is a leading manufacturer and exporter of plastic products in India, operating within the diversified consumer products industry and classified as a micro-cap company.<BR><BR>History: <BR>Prima Plastics Ltd was incorporated as a public limited company on 17 November 1993 and conducted a public issue in April 1995. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 58 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 7 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 163 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 9.00 <BR>Industry P/E: 41 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.15 <BR>Return on Equity: 9.52% <BR>Price to Book: 0.90 <BR><BR>Contact Details: <BR>Address: 98/4 Prima House Kadaiya, Daman Industrial Estate Nani Daman Daman & Diu : 396210 <BR>Tel: 91-260-2221845/2220445 <BR>Email: investor@primaplastics.com <BR>Website: http://www.primaplastics.com/www.aluma.co.in

Who are in the management team of Prima Plastics?

As of March 2023, the management team of Prima Plastics includes Bhaskar M Parekh (Executive Chairman), Dilip M Parekh (Managing Director), and several independent directors, along with Vandana Satish Ahuja as Company Secretary. They oversee the company's strategic direction and governance.

As of March 2023, the management team of Prima Plastics includes the following members:<BR><BR>1. Bhaskar M Parekh - Executive Chairman<BR>2. Dilip M Parekh - Managing Director<BR>3. Krishnakant V Chitalia - Independent Director<BR>4. Rasiklal M Doshi - Independent Director<BR>5. Hina Vijay Mehta - Director<BR>6. Snehal Natvarlal Muzoomdar - Independent Director<BR>7. Shailesh S Shah - Independent Director<BR>8. Vandana Satish Ahuja - Company Secretary & Compliance Officer<BR>9. Daxa J. Baxi - Independent Director<BR><BR>This team is responsible for the strategic direction and governance of the company.

When is the next results date for Prima Plastics?

No Upcoming Board Meetings

Has Prima Plastics declared dividend?

Yes, Prima Plastics Ltd has declared a 20% dividend, amounting to 2 per share, with an ex-date of April 8, 2024. Despite this, the dividend yield is 0%, and total returns have varied, showing significant gains over longer periods but recent declines in shorter terms.

Prima Plastics Ltd has declared a 20% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 20%<BR>- Amount per share: 2<BR>- Ex-date: 08 Apr 24<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>Over the past 6 months, the price return was -10.22%, with a dividend return of 0%, resulting in a total return of -10.22%.<BR><BR>In the 1-year period, the price return was -12.35%, the dividend return was 0%, leading to a total return of -12.35%.<BR><BR>For the 2-year period, the price return was -4.61%, with a dividend return of 2.27%, resulting in a total return of -2.34%.<BR><BR>In the 3-year period, the price return was 76.93%, the dividend return was 4.22%, culminating in a total return of 81.15%.<BR><BR>Over the 4-year period, the price return was 28.19%, the dividend return was 3.95%, resulting in a total return of 32.14%.<BR><BR>In the 5-year period, the price return was 304.92%, with a dividend return of 11.88%, leading to a total return of 316.8%.<BR><BR>Overall, Prima Plastics has declared a dividend, but the dividend yield remains at 0%. The total returns indicate a mixed performance over different periods, with significant gains in the longer term despite recent declines in shorter periods.

Who are the peers of the Prima Plastics?

Peers of Prima Plastics include Kajaria Ceramics, Safari Inds., Cera Sanitary, V I P Inds., Borosil, Zenith Exports, Pacific Inds, Tokyo Plast Intl, and COSCO (India). Management risk varies from excellent to below average among peers, with Prima Plastics showing average risk and a 1-year return of -12.78%.

Peers: The peers of Prima Plastics are Kajaria Ceramics, Safari Inds., Cera Sanitary., V I P Inds., Borosil, Zenith Exports, Pacific Inds, Tokyo Plast Intl, and COSCO (India).<BR><BR>Quality Snapshot: Excellent management risk is observed at Kajaria Ceramics, Safari Inds., and Cera Sanitary., while Average management risk is found at V I P Inds. and Prima Plastics. Below Average management risk is noted for Borosil, Zenith Exports, Pacific Inds, Tokyo Plast Intl, and COSCO (India). Growth is Good for Safari Inds. and Below Average for Kajaria Ceramics, Cera Sanitary., V I P Inds., Prima Plastics, Borosil, Zenith Exports, Pacific Inds, Tokyo Plast Intl, and COSCO (India). Excellent capital structure is seen at Kajaria Ceramics, Safari Inds., Cera Sanitary., and Borosil, while Good capital structure is found at Prima Plastics and Pacific Inds. The rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Zenith Exports at 57.56%, while the lowest is V I P Inds. at -24.30%. Prima Plastics has a 1-year return of -12.78%, which is better than V I P Inds. but worse than Zenith Exports. Additionally, the six-month return is negative for V I P Inds., Borosil, Pacific Inds., COSCO (India), and Prima Plastics.

What is the technical trend for Prima Plastics?

As of June 2, 2025, Prima Plastics shows a mildly bearish trend overall, with mixed signals from various indicators, including a bearish daily moving average and a mildly bullish weekly MACD.

As of 2 June 2025, the technical trend for Prima Plastics has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals in the longer term. The daily moving averages remain bearish, indicating short-term weakness. The Bollinger Bands show a sideways trend on the weekly chart and a mildly bearish trend on the monthly chart. The KST is bullish on the weekly but mildly bearish on the monthly, adding to the mixed outlook. Overall, the current technical stance is mildly bearish, with key indicators reflecting a lack of strong momentum in either direction.

Who are the top shareholders of the Prima Plastics?

The top shareholders of Prima Plastics include promoter Dilip Manharlal Parekh with 28.03% and public shareholder Madanlal Jawanmalji Jain with 4.91%. Individual investors collectively own 35.39% of the shares, with no mutual funds or foreign institutional investors involved.

The top shareholders of Prima Plastics include the promoters, with Dilip Manharlal Parekh holding the largest share at 28.03%. Additionally, the highest public shareholder is Madanlal Jawanmalji Jain, who owns 4.91%. Overall, individual investors collectively hold 35.39% of the company's shares. There are no mutual funds or foreign institutional investors currently holding shares in the company.

How big is Prima Plastics?

As of 24th July, Prima Plastics Ltd has a market capitalization of 165.00 Cr, with recent net sales of 193.63 Cr and a net profit of 17.21 Cr over the last four quarters.

As of 24th July, <BR><BR>Market Cap: Prima Plastics Ltd has a market capitalization of 165.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 193.63 Cr, while the sum of Net Profit for the same period is 17.21 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2025, with Shareholder's Funds amounting to 180.76 Cr and Total Assets valued at 250.86 Cr.

Are Prima Plastics latest results good or bad?

Prima Plastics' latest results show a 15.09% increase in net sales but a concerning 15.4% decline in profit after tax and the lowest operating cash flow in three years, indicating significant challenges despite a high dividend payout ratio. Overall, the results are disappointing.

Prima Plastics' latest financial results indicate a challenging situation for the company. While there was a positive growth in net sales of 15.09% compared to the previous year, the overall profitability has declined significantly, with a 15.4% drop in profit after tax. This decline in profit is concerning, especially given that the operating cash flow has reached its lowest point in three years.<BR><BR>On a positive note, the company has maintained a relatively high dividend payout ratio of 12.79%, which suggests a commitment to returning value to shareholders. However, the decrease in the debtors turnover ratio to 3.95 times raises concerns about the company's efficiency in managing its receivables.<BR><BR>Overall, while there are some positive indicators like sales growth and a strong dividend payout, the decline in profitability and cash flow points to significant challenges that Prima Plastics is currently facing. Therefore, the results can be viewed as disappointing overall.

Is Prima Plastics overvalued or undervalued?

As of November 10, 2025, Prima Plastics is considered very attractive and undervalued with a PE ratio of 8.75, a price-to-book value of 0.81, and an EV to EBITDA ratio of 7.53, significantly lower than its peers, despite a year-to-date return of -22.08% compared to the Sensex's 6.91%, but with a positive long-term outlook reflected in a 3-year return of 55.56%.

As of 10 November 2025, the valuation grade for Prima Plastics has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued, with a price-to-earnings (PE) ratio of 8.75, a price-to-book value of 0.81, and an EV to EBITDA ratio of 7.53. These ratios suggest that Prima Plastics is trading at a discount compared to its earnings and book value.<BR><BR>In comparison to its peers, Prima Plastics stands out with its low PE ratio, especially when contrasted with Supreme Industries and Astral, which have PE ratios of 57.96 and 82.76, respectively. Additionally, the company's PEG ratio is at 0.00, further reinforcing its undervaluation. Despite recent stock performance lagging behind the Sensex, particularly with a year-to-date return of -22.08% versus the Sensex's 6.91%, the long-term outlook remains positive, as evidenced by a 3-year return of 55.56%.

How has been the historical performance of Prima Plastics?

Prima Plastics has shown growth in net sales and total assets, increasing from 119.05 Cr in Mar'21 to 193.67 Cr in Mar'25, but profitability has declined, with profit after tax dropping from 15.20 Cr in Mar'24 to 7.04 Cr in Mar'25 due to rising raw material costs and decreased operating profit.

Answer:<BR>The historical performance of Prima Plastics shows a mixed trend in financial metrics over the years.<BR><BR>Breakdown:<BR>Prima Plastics has experienced fluctuations in net sales, with figures rising from 119.05 Cr in Mar'21 to 193.67 Cr in Mar'25, despite a dip to 184.14 Cr in Mar'24. Total operating income followed a similar pattern, reaching 193.67 Cr in Mar'25. The raw material costs increased significantly from 65.29 Cr in Mar'21 to 112.36 Cr in Mar'25, impacting the operating profit, which fell from 30.36 Cr in Mar'24 to 22.49 Cr in Mar'25. Profit before tax also decreased from 20.25 Cr in Mar'24 to 12.41 Cr in Mar'25, leading to a profit after tax of 7.04 Cr in Mar'25, down from 15.20 Cr in Mar'24. The company's total liabilities rose from 130.73 Cr in Mar'20 to 250.86 Cr in Mar'25, while total assets increased from 130.73 Cr in Mar'20 to 250.86 Cr in Mar'25, indicating growth in the asset base. Cash flow from operating activities declined to 3.00 Cr in Mar'25 from 27.00 Cr in Mar'24, contributing to a net cash outflow of 2.00 Cr in Mar'25. Overall, while Prima Plastics has shown growth in sales and assets, profitability metrics have faced challenges in recent years.

Which are the latest news on Prima Plastics?

Should I buy, sell or hold Prima Plastics Ltd?

Why is Prima Plastics Ltd falling/rising?

As of 11-Feb, Prima Plastics Ltd's stock price is Rs 119.15, down 2.01% after recent gains, and has underperformed its sector today. Despite a 5.12% increase over the past week, the stock has declined 22.68% over the past year, although rising investor interest is noted with a significant increase in delivery volume.

As of 11-Feb, Prima Plastics Ltd's stock price is falling, currently at Rs 119.15, reflecting a decrease of Rs 2.45 or 2.01%. This decline comes after a brief period of gains, as the stock has fallen following two consecutive days of increases. Additionally, the stock has underperformed its sector by 3.66% today. <BR><BR>Despite the recent drop, the stock has shown some positive trends in the past week, with a gain of 5.12%, compared to a modest 0.50% increase in the Sensex. However, over the longer term, the stock has experienced a significant decline of 22.68% over the past year, while the Sensex has increased by 10.41% during the same period. <BR><BR>Investor participation appears to be rising, as indicated by a 91.56% increase in delivery volume on February 10 compared to the 5-day average. This suggests that while the stock is currently falling, there is growing interest among investors. The stock's moving averages indicate that it is performing better than its shorter-term averages but is still below its longer-term averages, which may contribute to the current price decline.