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Wim Plast Ltd

₹ 407-1.94%
14 Jan – close price
🔗cellowimplast.com•BSE: 526586•NSE:
Market Cap₹ 488 Cr.
Current Price₹ 407
High / Low₹ 580
Stock P/E8.07
Book Value₹ 467
Dividend Yield2.46 %
ROCE14.8 %
ROE11.4 %
Face Value₹ 10.0
Sales₹ 373 Cr.
OPM16.2 %
Mar Cap₹ 488 Cr.

ABOUT

Incorporated in 1988, Wim Plast Ltd manufactures various plastic products[1]

KEY POINTS

Business Overview:[1][2]Company is the owner ofCELLO, a prominent plastic consumer brand. Its product includes Seating System, School Furniture, Horeca, Cabinets, Kid’s furniture etc. Company has a presence on all major online platforms and has its own e-commerce portal. It catersto government supplies through theGEM Portal. Company has9manufacturing units and10trading depots spread across India.

Also present in buckets:
Excellent ResultsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Safari Inds.2079.5061.3110187.940.1446.9458.26533.5516.5518.671925.1513.74166.1646.949.7511.410.11
2.V I P Inds.363.10–5157.890.00-143.14-302.46406.34-25.34-1.501963.05-2.38-205.83-147.4211.12-3.991.68
3.Nilkamal Ltd1403.2020.052093.571.4333.673.20967.7117.769.573599.148.11104.4333.571.394.460.36
4.Wim Plast406.758.07488.242.4612.50-33.9084.327.8314.85373.0416.1960.5012.500.8710.560.00
5.Bai-Kakaji Poly.208.6024.31446.500.00––––26.38325.4710.3818.37––12.182.03
6.Essen Speciality154.7038.81384.260.655.19-17.8848.354.4111.50181.6611.649.905.192.446.770.17
7.Pil Italica Life9.0539.90212.680.001.155.5027.6426.738.90108.828.655.331.152.594.890.19
–Median: 9 Co.208.631.56446.50.144.254.3566.8714.8411.5325.4710.3816.884.122.386.770.2

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
798091788087989078931069084
Expenses
66657363667280746678877671
Operating Profit
13141715131518171215191313
Other Income
323496761468116
Profit before tax
13131716191721192318242216
Tax %
25%26%25%25%23%25%24%24%19%25%26%23%24%
Net Profit
10101212151316151913181712
EPS in Rs
8.008.0010.419.9612.1810.7113.5612.0915.7511.2414.6814.0710.41

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
295363352351384352317262317329343367373
Expenses
241302278269303278250208264271282305313
Operating Profit
54617582817467545359616360
Other Income
012222871110253431
Interest
0000000000000
Depreciation
991112151718181614121211
Profit before tax
45546573675956434854748480
Net Profit
33384549453945323541566560
EPS in Rs
27.0931.9737.6240.5037.2132.7137.7226.9129.4433.9746.4353.7650.40
Dividend Payout %
17%16%16%17%19%21%19%19%27%25%22%19%–

Compounded Sales Growth

10 Years:0%
5 Years:3%
3 Years:5%
TTM:5%

Compounded Profit Growth

10 Years:4%
5 Years:6%
3 Years:18%
TTM:-3%

Stock Price CAGR

10 Years:-8%
5 Years:2%
3 Years:-5%
1 Year:-25%

Return on Equity

10 Years:12%
5 Years:10%
3 Years:11%
Last Year:11%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
66612121212121212121212
Reserves
145172208250285314339371401432478530548
Borrowings
0000000110000
Other Liabilities
35353541363833382843403732
Total Liabilities
186213249303333364384422442486530579592
Fixed Assets
72868711312513512811710277755956
Gross Block
126.99153.28164.54125.26151.94179.17186.42192.80194.33178.11188.03179.91–
Accumulated Depreciation
54.7967.2177.5611.9427.2043.9158.1576.1192.33101.19113.10120.66–
CWIP
1000001000000
Investments
00024193980120150156170311345
Other Assets
113127162165190190175186190254285210191
Total Assets
186213249303333364384422442486530579592

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
184437492254664126654856
Cash from Investing Activity
-10-28-10-61-20-46-47-38-21-57-32-41
Cash from Financing Activity
-6-6-160-10-10-21-0-6-10-10-12
Net Cash Flow
21011-11-7-2-23-1-264

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
364150536281749279829174
Inventory Days
11978125154172182211266200179146129
Days Payable
261426272423283421323940
Cash Conversion Cycle
130104149179210240257324257229199163
Working Capital Days
9580107118148162166205184214255146
ROCE %
33%33%33%31%24%19%16%12%12%13%15%15%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
55.73%55.96%55.99%55.99%55.99%55.99%55.99%55.99%55.99%55.99%55.99%55.99%
FIIs
––––––––––––
DIIs
3.82%3.82%3.82%3.82%3.82%3.82%3.82%3.82%3.81%3.81%3.81%3.81%
Public
40.45%40.22%40.18%40.19%40.19%40.18%40.19%40.17%40.19%40.20%40.18%40.19%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Wim Plast Ltd. Appoints Ramesh F. Ranka as Additional Director, Sudhakar L. Mondkar Retires

8th March 2026, 6:26 pm

Wim Plast Ltd. Announces Director Changes: Mondkar Retires, Ranka Appointed

8th March 2026, 6:21 pm

Wim Plast Appoints Ramesh F. Ranka as Additional Independent Director for 5 Years

8th March 2026, 6:17 pm

Wim Plast Ltd. Independent Director Completes Second Term

7th March 2026, 8:51 pm

Wim Plast Ltd.: Independent Director Sudhakar L. Mondkar Completes Second Term

7th March 2026, 8:43 pm

Published by Other Websites

External media mentions & references

Super Investors Eye Microcaps: Damani Buys Wim Plast, Kacholia Bets on Techera

23rd January 2026, 5:39 am

Indian Markets Tumble 1.3%, But Small Caps Under Rs 100 Surge

20th January 2026, 5:02 pm

Cello World Ltd Faces Q1 Weakness, Eyes H2 Recovery and Growth Through Expansion and Acquisitions

16th August 2025, 5:45 pm

Wim Plast Appoints New Independent Director as Mondkar Retires
Wim Plast Appoints Ramesh F. Ranka as Independent Director; Board Committees Re-constituted

News Articles

Editorial & research coverage

Super Investors Eye Microcaps: Damani Buys Wim Plast, Kacholia Bets on Techera
Super Investors Eye Microcaps: Damani Buys Wim Plast, Kacholia Bets on Techera

23rd January 2026, 5:39 am

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

6 Jan - RTA certificate confirming compliance under SEBI Reg.74(5) for quarter ended 31-Dec-2025; no rematerialisation requests.

Closure of Trading Window
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
Disclosure Of Voting Results Of AGM Under Regulation 44(3) Of SEBI (LODR) Regulations, 2015

9 Dec 2025 - 6 Dec 2025 shareholders approved composite scheme among Wim Plast, Cello Consumer Products, Cello World.

Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting

9 Dec 2025 - Equity shareholders and unsecured creditors approved Composite Scheme with Cello entities on 6 Dec 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

No credit ratings.

Concalls

No concalls.

Stock Analysis

Description

  1. Wim Plast Ltd manufactures various plastic products and owns the prominent 'CELLO' brand. The company has a diversified product portfolio including seating systems, school furniture, and home and kitchenware. It operates through 9 manufacturing units and 10 trading depots across India and has a presence on online platforms and government GEM portal.

Key Growth Triggers

  1. Key growth drivers include the strength of the 'CELLO' brand, ongoing product premiumization efforts, and the introduction of new products. The company's participation in government supplies via the GEM Portal and its presence on major online platforms also contribute to its reach. The proposed merger with Cello World Limited (though largely completed/in final stages as per old description) was a significant strategic move.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. The company has shown a relatively slow sales growth over the past five years and a low return on equity over the last three years. Additionally, previous earnings included a significant portion from other income, which might warrant scrutiny.

Key Dates To Watch

  1. The company has a history of board meetings for financial results approval and AGMs for shareholder resolutions. Key past dates mentioned include the 37th AGM on August 8, 2025, board meetings on August 11, 2025 (Q1 FY26 results) and November 10, 2025 (Q2 FY26 results), and shareholder meetings for scheme approval on December 6, 2025.

Corporate Announcements

8th Mar 26
Impact Rating: 6
Following the retirement of Independent Director Mr. Sudhakar L. Mondkar on March 7, 2026, Wim Plast Ltd. has appointed Mr. Ramesh F. Ranka as an Additional (Non-Executive Independent) Director. His term is for five years, subject to shareholder approval.
8th Mar 26
Impact Rating: 6
Wim Plast Ltd. announced retirement of Independent Director Mr. Sudhakar Mondkar effective March 7, 2026, and appointment of Mr. Ramesh Ranka as Additional Director from March 8, 2026.
8th Mar 26
Impact Rating: 7
Wim Plast announced the appointment of Mr. Ramesh F. Ranka as an Additional Director (Non-Executive Independent) for a term of five years, commencing March 8, 2026, pending shareholder approval.
7th Mar 26
Impact Rating: 3
Wim Plast Ltd. announced that Mr. Sudhakar L. Mondkar has completed his second term as an Independent Director, ceasing his directorship on March 7, 2026. The company expressed gratitude for his tenure.
7th Mar 26
Impact Rating: 5
Wim Plast Ltd. announced that Mr. Sudhakar L. Mondkar completed his second term as an Independent Director, ceasing his directorship on March 7, 2026. The company expressed gratitude for his valuable contributions during his tenure.