Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹106, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 147% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹97.15, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 17x in the Packaging industry in India. Total returns to shareholders of 131% over the past three years. Duyuru • Nov 03
Mega Flex Plastics Limited to Report First Half, 2026 Results on Nov 06, 2025 Mega Flex Plastics Limited announced that they will report first half, 2026 results on Nov 06, 2025 Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹52.10, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 19x in the Packaging industry in India. Total returns to shareholders of 8.7% over the past three years. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹55.00, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 19x in the Packaging industry in India. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹62.25, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 19x in the Packaging industry in India. Total returns to shareholders of 46% over the past year. New Risk • Sep 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (₹685.4m market cap, or US$7.78m). Reported Earnings • Jul 10
Full year 2025 earnings released: EPS: ₹2.82 (vs ₹1.27 in FY 2024) Full year 2025 results: EPS: ₹2.82 (up from ₹1.27 in FY 2024). Revenue: ₹603.1m (up 25% from FY 2024). Net income: ₹34.3m (up 150% from FY 2024). Profit margin: 5.7% (up from 2.8% in FY 2024). Duyuru • Jul 08
Mega Flex Plastics Limited, Annual General Meeting, Jul 31, 2025 Mega Flex Plastics Limited, Annual General Meeting, Jul 31, 2025, at 12:30 Indian Standard Time. New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.5% per year over the past 5 years. Market cap is less than US$10m (₹655.4m market cap, or US$7.66m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (₹421m revenue, or US$4.9m). Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹54.35, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 22x in the Packaging industry in India. Total returns to shareholders of 46% over the past year. New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings have declined by 9.5% per year over the past 5 years. Market cap is less than US$10m (₹586.1m market cap, or US$6.71m). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (₹421m revenue, or US$4.8m). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹62.40, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 21x in the Packaging industry in India. Total returns to shareholders of 84% over the past year. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹49.60, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 25x in the Packaging industry in India. Total returns to shareholders of 35% over the past year. New Risk • Nov 16
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹421m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.5% per year over the past 5 years. Market cap is less than US$10m (₹557.7m market cap, or US$6.61m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (₹421m revenue, or US$5.0m). Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹57.05, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 27x in the Packaging industry in India. Total returns to shareholders of 27% over the past year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹63.75, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 27x in the Packaging industry in India. Total returns to shareholders of 47% over the past year. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹42.75, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 27x in the Packaging industry in India. Total returns to shareholders of 3.3% over the past year. New Risk • Sep 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 559% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (₹368.6m market cap, or US$4.39m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Duyuru • Jun 26
Mega Flex Plastics Limited Announces Resignation of Alok Kanodia as Independent Director, Effective July 1, 2024 Mega Flex Plastics Limited informed that Mr. Alok Kanodia (DIN: 09594643) vide resignation letter dated 25th June 2024 has tendered his resignation as a Non-Executive Independent Director of the company with effect from July 1, 2024 along with his membership in various committees, where he is a member. The Resignation letter with reason as indicated is enclosed herewith. Mr. Alok Kanodia (DIN: 09594643) has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter. The Details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023 are given in Annexure A. Reason for resignation: Due to health issues. Mr. Alok Kanodia has also confirmed that there are no other material reasons for his resignation other than those mentioned in his resignation letter. Reported Earnings • May 20
Full year 2024 earnings released: EPS: ₹1.27 (vs ₹2.00 in FY 2023) Full year 2024 results: EPS: ₹1.27 (down from ₹2.00 in FY 2023). Revenue: ₹511.4m (down 2.9% from FY 2023). Net income: ₹13.7m (down 36% from FY 2023). Profit margin: 2.7% (down from 4.1% in FY 2023). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹37.15, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 24x in the Packaging industry in India. Total loss to shareholders of 7.1% over the past year. New Risk • May 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.0% per year over the past 5 years. High level of non-cash earnings (46% accrual ratio). Market cap is less than US$10m (₹362.6m market cap, or US$4.34m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). New Risk • Oct 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.2% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.0% per year over the past 5 years. High level of non-cash earnings (46% accrual ratio). Market cap is less than US$10m (₹456.7m market cap, or US$5.48m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹48.00, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 23x in the Packaging industry in India. Reported Earnings • Aug 07
Full year 2023 earnings released: EPS: ₹2.00 (vs ₹3.37 in FY 2022) Full year 2023 results: EPS: ₹2.00 (down from ₹3.37 in FY 2022). Revenue: ₹526.9m (up 13% from FY 2022). Net income: ₹21.5m (down 19% from FY 2022). Profit margin: 4.1% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Duyuru • Aug 05
Mega Flex Plastics Limited, Annual General Meeting, Aug 29, 2023 Mega Flex Plastics Limited, Annual General Meeting, Aug 29, 2023, at 11:30 Indian Standard Time. Location: 4, Ho Chi Minh Sarani, Suit-2A, 700071 Kolkata India Agenda: To consider and adopt, the Audited Standalone Financial Statements for the financial year ended March 31, 2023 and Auditor's Report thereon and Board's Report for the financial year 2022-23; and to appoint Mr. Mohan Lal Parakh, Director who retires by rotation and being eligible, offers himself for reappointment. New Risk • Jul 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 4.1% per year over the past 5 years. High level of non-cash earnings (34% accrual ratio). Market cap is less than US$10m (₹400.8m market cap, or US$4.88m). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹34.10, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 16x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹30.30, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 15x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹32.20, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 16x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₹45.80, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 15x in the Packaging industry in India. Reported Earnings • Nov 05
First half 2023 earnings released First half 2023 results: EPS: ₹0.74. Net income: ₹7.93m (up ₹7.93m from 1H 2022). Duyuru • Sep 20
Mega Flex Plastics Limited has completed an IPO in the amount of INR 114 million. Mega Flex Plastics Limited has completed an IPO in the amount of INR 114 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 1,497,000
Price\Range: INR 40
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 1,353,000
Price\Range: INR 40
Transaction Features: Regulation S 
