Price
Financials
Standalone, Rs crore| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20.03 | 26.44 | 21.17 | 31.51 | 23.57 | 24.83 | 17.28 | 43.03 | 29.38 | 48.70 |
| Expenses | 19.09 | 23.74 | 20.42 | 30.17 | 24.44 | 24.36 | 17.88 | 39.18 | 28.40 | 41.62 |
| Operating Profit | 0.94 | 2.70 | 0.75 | 1.34 | -0.87 | 0.47 | -0.60 | 3.85 | 0.98 | 7.08 |
| OPM % | 4.69% | 10.21% | 3.54% | 4.25% | -3.69% | 1.89% | -3.47% | 8.95% | 3.34% | 14.54% |
| Other Income | 0.23 | 0.34 | 0.60 | 1.16 | 1.04 | 1.70 | 1.33 | 0.88 | 1.66 | 0.91 |
| Interest | 0.03 | 0.01 | 0.03 | 0.02 | 0.05 | 0.02 | 0.10 | 0.06 | 0.06 | 0.03 |
| Depreciation | 0.24 | 0.20 | 0.25 | 0.27 | 0.23 | 0.38 | 0.35 | 0.36 | 0.36 | 0.46 |
| Profit before tax | 0.90 | 2.83 | 1.07 | 2.21 | -0.11 | 1.77 | 0.28 | 4.31 | 2.22 | 7.50 |
| Tax % | 25.56% | 25.09% | 25.23% | 23.08% | 0.00% | 15.82% | 25.00% | 25.29% | 25.23% | 25.07% |
| Net Profit | 0.67 | 2.12 | 0.79 | 1.70 | -0.11 | 1.48 | 0.21 | 3.22 | 1.66 | 5.62 |
| EPS in Rs | 3.82 | 12.08 | 0.74 | 1.58 | -0.10 | 1.38 | 0.20 | 2.65 | 1.37 | 4.63 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 35.82 | 31.50 | 29.49 | 46.47 | 52.69 | 48.40 | 60.31 | 78.08 |
| Expenses | 32.43 | 29.78 | 28.26 | 43.16 | 50.89 | 48.81 | 57.06 | 70.00 |
| Operating Profit | 3.39 | 1.72 | 1.23 | 3.31 | 1.80 | -0.41 | 3.25 | 8.08 |
| OPM % | 9.46% | 5.46% | 4.17% | 7.12% | 3.42% | -0.85% | 5.39% | 10.35% |
| Other Income | 1.90 | 1.94 | 1.59 | 0.91 | 1.70 | 2.74 | 2.21 | 2.56 |
| Interest | 0.16 | 0.14 | 0.07 | 0.04 | 0.05 | 0.07 | 0.16 | 0.10 |
| Depreciation | 0.84 | 0.70 | 0.55 | 0.47 | 0.52 | 0.61 | 0.71 | 0.83 |
| Profit before tax | 4.29 | 2.82 | 2.20 | 3.71 | 2.93 | 1.65 | 4.59 | 9.71 |
| Tax % | 26.11% | 22.34% | 41.82% | 28.30% | 26.62% | 16.97% | 25.27% | 25.13% |
| Net Profit | 3.18 | 2.20 | 1.29 | 2.66 | 2.15 | 1.37 | 3.43 | 7.27 |
| EPS in Rs | 18.12 | 12.54 | 7.35 | 15.16 | 2.00 | 1.28 | 2.83 | 5.99 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 22% | 14% | 29% | ||
| Compounded Profit Growth | % | 40% | 52% | 183% | ||
| Stock Price CAGR | % | % | 34% | 54% | ||
| Return on Equity | % | 6% | 6% | 11% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.75 | 1.75 | 1.75 | 1.75 | 10.75 | 10.75 | 12.13 | 12.13 |
| Reserves | 23.08 | 25.35 | 26.64 | 29.30 | 34.03 | 35.45 | 43.10 | 50.34 |
| Borrowings | 0.56 | 0.26 | 0.41 | 0.00 | 0.00 | 0.00 | 1.26 | 1.95 |
| Other Liabilities | 4.02 | 2.64 | 3.20 | 3.10 | 2.47 | 1.62 | 3.10 | 8.81 |
| Total Liabilities | 29.41 | 30.00 | 32.00 | 34.15 | 47.25 | 47.82 | 59.59 | 73.23 |
| Fixed Assets | 6.66 | 6.01 | 5.57 | 5.65 | 5.98 | 5.77 | 7.58 | 7.95 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 7.28 | 10.17 | 6.40 | 8.77 | 4.61 | 5.41 | 14.08 | 33.09 |
| Other Assets | 15.47 | 13.82 | 20.03 | 19.73 | 36.66 | 36.64 | 37.93 | 32.19 |
| Total Assets | 29.41 | 30.00 | 32.00 | 34.15 | 47.25 | 47.82 | 59.59 | 73.23 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -2.70 | -0.60 | 3.81 | 4.46 | -5.12 | -2.02 | -3.59 | 17.62 |
| Cash from Investing Activity | 2.34 | 1.05 | -4.09 | -2.45 | 4.65 | 1.06 | -9.42 | -18.41 |
| Cash from Financing Activity | -0.13 | -0.35 | 0.11 | -0.45 | 11.35 | -0.07 | 6.65 | 0.60 |
| Net Cash Flow | -0.49 | 0.11 | -0.16 | 1.57 | 10.87 | -1.03 | -6.36 | -0.19 |
| Free Cash Flow | -3.36 | -0.64 | 4.25 | 3.90 | -5.97 | -2.42 | -6.11 | 16.41 |
| CFO/OP | -46% | 3% | 385% | 166% | -243% | 422% | -76% | 248% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5.30 | 1.04 | 9.16 | 4.32 | 1.39 | 10.48 | 8.05 | 1.96 |
| Inventory Days | 55.02 | 60.44 | 57.08 | 35.30 | 29.55 | |||
| Days Payable | 1.64 | 4.67 | 1.18 | 1.38 | 25.43 | |||
| Cash Conversion Cycle | 5.30 | 1.04 | 9.16 | 57.70 | 57.16 | 66.39 | 41.97 | 6.08 |
| Working Capital Days | 36.89 | 43.68 | 86.76 | 40.53 | 45.30 | 52.49 | 79.46 | 10.85 |
| ROCE % | 10.24% | 7.34% | 11.53% | 6.57% | 0.70% | 7.38% | 14.92% |
| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Oct 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.32% | 73.32% | 73.32% | 73.32% | 73.32% | 73.32% | 73.40% | 73.40% | 73.92% |
| DIIs | 1.65% | 0.59% | 1.42% | 2.48% | 1.87% | 2.01% | 0.00% | 0.00% | 0.00% |
| Public | 25.03% | 26.10% | 25.25% | 24.19% | 24.81% | 24.67% | 26.60% | 26.60% | 26.08% |
| No. of Shareholders | 417 | 377 | 385 | 371 | 348 | 328 | 314 | 242 | 171 |
Fundamentals
Market Cap₹ 126 Cr.
Current Price₹ 104
Stock P/E20.1
Book Value₹ 51.5
ROCE14.9 %
ROE10.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)29%
Compounded Profit Growth (TTM)183%
Standalone figures.
Valuation
Market capRs 117 Cr
Enterprise valueRs 106 Cr
P/E (TTM)85.57x
Price to book2.54x
Price to sales2.42x
EV / EBITDA45.36x
EV / EBIT61.45x
EV / sales2.18x
Earnings yield1.17%
P/E, 3-year average18.65x
P/B, 3-year average0.68x
P/E, 5-year average18.65x
P/B, 5-year average0.68x
Profitability
Operating margin (excl. other income)-0.85%
Operating margin (incl. other income)4.81%
EBITDA margin4.81%
Pre-tax margin3.41%
Net profit margin2.83%
ROE3.01%
ROCE3.78%
ROA2.88%
ROE, 3-year average5.88%
ROCE, 3-year average8.06%
ROA, 3-year average5.40%
ROE, 5-year average6.15%
ROCE, 5-year average8.70%
ROA, 5-year average5.55%
ROIC (approx.)4.12%
Tax rate16.97%
Other income / net worth5.93%
Growth
Sales growth (latest year)-8.14%
Profit growth (latest year)-36.28%
Sales CAGR, 3 years17.96%
Sales CAGR, 5 years6.20%
Profit CAGR, 3 years2.03%
Profit CAGR, 5 years-15.50%
Per share
EPS (TTM)Rs 1.27
EPS (latest year)Rs 1.27
EPS, 3-year averageRs 6.15
EPS, 5-year averageRs 7.67
Book value per shareRs 43.00
Sales per shareRs 45.04
Cash flow per shareRs -1.88
Free cash flow per shareRs 15.27
Efficiency
Asset turnover1.01x
Fixed asset turnover8.39x
Inventory turnover7.14x
Inventory days51 days
Debtor days10 days
Debtors turnover34.82x
Creditor days25 days
Cash conversion cycle6 days
Working capital days11 days
Leverage
Cash and bankRs 12 Cr
Net debtRs -12 Cr
Net debt / EBITDA-4.95x
Interest coverage24.57x
Owners' fund to total sources96.61%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 16 Cr
Cash from ops / profit, 5 years0.67x
Statement figures
Net sales (TTM)Rs 48 Cr
Net sales (latest year)Rs 48 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 45 Cr
Total expenditure (latest year)Rs 49 Cr
Total income (latest year)Rs 51 Cr
Share capitalRs 11 Cr
ReservesRs 35 Cr
Shareholders' fundsRs 46 Cr
Total assetsRs 48 Cr
Net blockRs 6 Cr
InvestmentsRs 5 Cr
ReceivablesRs 1 Cr
InventoryRs 6 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)1.07
Ownership
Promoter holding73.92% (+0.60 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 85.6 is at the 96th percentile of its own 4.2-year range
(median 27.3, low 13.2, high 89.9).
P/B 2.54 is at the 84th percentile (median 1.62).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | MEGAFLEX | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +13.6% | -2.8% | +16.4 pts |
| 1 month | +9.1% | -6.8% | +15.9 pts |
| 3 months | -13.4% | -7.6% | -5.8 pts |
| 6 months | +142.2% | +0.4% | +141.8 pts |
| 1 year | +142.4% | -9.9% | +152.4 pts |
| 2 years | +142.4% | -13.6% | +156.0 pts |
| 3 years | +150.8% | +14.2% | +136.6 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -43% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 494% in three |
| look | Profit leans on other income Other income was 166% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹49 Cr +96.1% vs Mar 2024.
Net profit ₹6 Cr +279.7%.
Against our estimate for Mar 2026: sales -29.3%, profit +40.6% beat.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| EPL Ltd | 7,465 | 18.2 | 17.8 % |
| AGI Greenpac Ltd | 5,130 | 13.9 | 19.5 % |
| Uflex Ltd | 4,668 | 6.75 | 7.03 % |
| TCPL Packaging Ltd | 3,748 | 31.0 | 17.9 % |
| Polyplex Corporation Ltd | 3,329 | 21.4 | 0.89 % |
| Jindal Poly Films Ltd | 2,938 | 50.2 | -1.99 % |
| XPRO India Ltd | 2,724 | 83.4 | 3.78 % |
| Cosmo First Ltd | 2,188 | 12.8 | 11.2 % |
| Knack Packaging Ltd | 2,161 | 21.2 | 34.1 % |
| Mold-Tek Packaging Ltd | 2,134 | 28.1 | 13.3 % |
| Huhtamaki India Ltd | 1,780 | 13.0 | 12.0 % |
| Arrow Greentech Ltd | 1,314 | 20.6 | 29.6 % |
| Commercial Syn Bags Ltd | 1,099 | 34.8 | 15.0 % |
| Dhunseri Ventures Ltd | 1,002 | 5.25 | 6.74 % |
| Ester Industries Ltd | 882 | 2.75 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 DaysLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Mega Flex Plastics Ltd?
Mega Flex Plastics Ltd (MEGAFLEX) has a market capitalisation of Rs 126 Cr. at the 2026-10-01 close.
What is the P/E ratio of Mega Flex Plastics Ltd?
Mega Flex Plastics Ltd trades at a P/E of 20.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Mega Flex Plastics Ltd's latest quarterly results?
In the Mar 2026 quarter, Mega Flex Plastics Ltd sales was Rs 49 Cr (+96.1% vs Mar 2024) and net profit was Rs 6 Cr.
What is the 52-week high and low of Mega Flex Plastics Ltd?
The 52-week high is Rs 155.05 and the 52-week low is Rs 43.50.