OK Play India Ltd
Gift Articles, Toys & Cards
FV – Rs 10; 52wks H/L – 210.65/95.9; TTQ – 2280; CMP – Rs 185 (As On May 30, 2017);
Market Cap – Rs 348 Crs
Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 17.97 | 25 | 31 | 106 | -3.98 | 14 | -2.21 | – | 35.24 | 13.2 | 58.41 | 1.03 |
Promoter holding was 60.44% in Sept 16 which has come down to 58.41 currently.
Standalone Financials and Valuations for 9Mnths FY17
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
TTM EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 18.61 | 36 | 55 | 48 | 0.57 | 19 | 0.31 | – | 35.24 | 9.7 | 58.41 | 1.03 |
Valuation Parameters:
- Long Term Debt to Equity – 1.24
- ROE % – NA
- Market Cap/Sales – 3.3
OK Play India, the plastic auto components maker, on Monday launched 8 e-vehicles — which includes passenger and commercial vehicles — under brand E-Raaja priced between Rs 1.25-1.5 lakh. http://www.business-standard.com/article/companies/ok-play-india-launches-8-e-vehicles-priced-at-rs-1-25-1-5-lakh-117032700539_1.html
At present, we have about 16 dealers but during the course of next financial year, we will looking a dealer network of 1500 (Source – MD Statement)
The Company has ongoing Marketing, Technical & Manufacturing collaboration with Hofit Kibbutz Kinneret Ltd of Israel engage in manufacturing of inspection chamber for sewage, water and communication system for domestic, public and industrial infrastructure.
There was a fire at the plant during night between 9th and 10th January,2015 in which the company lost its stocks and part of the Building and Plant & Machinery which has hampered the business of the Company. The Company is also emphasizing on development of new business in plastic moulding including development of new products especially toys, outdoor play equipment and delivery boxes.
The company has developed the latest generation plastic body E-Rickshaw which has got patented and has entered manufacturing agreement for the production at 8 locations all over the country.
The company sees huge requirement of E Rickshaw and other battery operated vehicles and expects to recover all its loss and become profitable in the coming years.
Overview:
- OK Play India Ltd is engaged in manufacturing plastic molded toys, school furniture, playground equipment, infrastructure and automotive products, and point-of-purchase products.
- The Company’s brands include Chillafish, Clics, Gonge, Malinos, Mic-o-Mic, Mookie, OK Play, Petron, Pockos, Primomo, Step2, Tolo and Winther.
- It offers toys for all age groups from toddlers to teenagers for both education and entertainment.
- The Tolo, Pockos, Mookie and Chillafish brands of toys are for infants with a range of teethers, rattles, squeakers and themed ride-ons.
- It offers musical toys for the young children and ride-ons for the older ones.
- Mic-o-Mic and Clics barnds offer building blocks and construction sets.
- Winther offers outdoor play products with a range of ride-ons.
- Its ship category consists of Kids Toys, Kids Furniture, Ride Ons, Games, Vehicles, Sports, Outdoor Fun and Indoor Fun.
- The Company’s manufacturing facilities are located at Sohna in Haryana, and Ranipet in Tamil Nadu.
Management:
- T. R. Handa – Chairman
- Rajan Handa – MD
- Puspamitra Das – CFO
Major Non – Promoter Holdings:
| Non – Promoters | No. of shares held | % of shares held |
| Rajesh Aggarwal | 252000 | 1.35 |
| Shankar Somani | 208900 | 1.12 |
| Sunil Rawal | 473438 | 2.54 |
| Ishaan Metals Pvt. Ltd | 304000 | 1.63 |
| Zealous Financial Services | 242382 | 1.3 |
| Ravunder Mehra | 334500 | 1.8 |
