Prima Plastic Ltd.

Prima Plastics Ltd.

NSE: PRIMAPLA | BSE: 530589 | ISIN: INE573B01016 | Industry: Plastic Products
| Strong Performer, Under Radar

155.7500 0.65 (0.42%)

BSE Apr 21, 2025 13:19 PM

31.77% Gain from 52W Low

Volume: 2,338

Prima Plastics Ltd.

10 Jun 2019

155.75

0.42%

Prima Plastic Ltd.

Not Rated: Prima Plastics Ltd.

ICICI Securities Limited

The domestic business (contributes ~84% to topline) remains an underperformer with muted revenue CAGR of 6% in FY16-19 driven by volume growth mainly due to capacity addition. However, the gross margin has deteriorated by ~400 bps during the same period. This coupled with higher fixed cost (as post expansion plant utilisation remained low) dragged down EBITDA margin from ~11% in FY16 to ~6% in FY19. During the same period, standalone debt increased significantly from | 80 lakh to | 29 crore, resulting in a sharp increase in interest outgo. This was largely to fund...

Prima Plastics Ltd. is trading above its 100 day SMA of 150.2