Prima Plastics Limited
Prima Plastics Limited manufactures plastic moulded articles, including designing and manufacturing plastic moulded furniture such as chairs, baby chairs, dining tables, stools and tea-poys in a range of colours. The company majorly operates in the plastic moulded furniture. However, it has a strong presence in the aluminium composite panel as well. Prima Plastics’ manufacturing units are located at Daman and Kerala. These units meet the strong export demand in the markets of United States, Africa and the Middle East. On the domestic front, the company markets its products in Coimbatore, Delhi, Hubli, Jammu, Jaipur, Kanpur, Rohtak, Bhiwandi, Ongole, Telangana, Vapi and Zirakpur. The company's clientele include hotels, restaurants as well as households for swimming pools and gardens in both domestic and international markets.
On the financial front, Prima Plastics Limited posted 10.01 per cent drop in its revenue to ₹26.53 crore in the fourth quarter of FY2017 as compared to the same quarter in the previous fiscal. The PBIDT of the company fell 13.90 per cent to ₹2.97 crore in Q4FY17 on a year-on-year basis. The company’s profit after tax dropped 25.59 per cent to ₹3.02 crore in Q4FY17 as against ₹4.05 crore in Q4FY16.
On an annual front, the company’s revenue dropped 6.26 per cent to ₹95.69 crore in FY17 as against ₹102.08 crore in FY16. The company’s PBIDT fell 15.12 per cent to ₹8.70 crore in FY17 on a yearly basis. However, the company’s profit after tax rose 1.35 per cent to ₹9.76 crore in FY17 on a year-on-year basis. The company’s TTM PE stood at 28.37x, as against industry PE of 27.57x, while the company’s peers, Hindustan Adhesive maintained a TTM PE of 16.72x and Mitsu Chem Plast PE of 14.99x.