As of 6 Nov 2026, National Plastic Industries trades at 10.6× trailing earnings, below the industry P/E of 30.6×, and the shares are 35% below their 52-week high. Sales and net profit fell 2.7% and 7.3% a year over 3 years; its ROCE of 14% is the second-highest among the 7 largest Furnishings, Fixtures & Appliances peers. Debt is 0.52× equity. It is a small-cap company with a market cap of ₹34 Cr, ranked 48th of 54 Furnishings, Fixtures & Appliances companies by market cap; the shares fell 35% over the past year.
- ₹37.00
- ₹37.85
- ₹36.00
- ₹36.30
- 2.3K
Health check
- ReturnsBehind
−35.1% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 10.6 vs industry 30.6.
- GrowthShrinking
Sales −2.7%, profit −7.3% a year over 3 years.
- ProfitabilityAverage
ROCE 14.3% vs peer median 9.0%.
- Balance sheetFair
Debt 0.52× equity, interest covered 4.4×, Piotroski 7 of 9.
- Red flags4 to check
Return on equity is low at 7.9%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹34 Cr
- Small cap
- P/E
- 10.6
- Industry 30.6
- Price to book
- 0.75
- Peers 4.21
- Dividend yield
- 0.00%
- ROE
- 7.9%
- Peers 5.8%
- ROCE
- 14.3%
- Peers 9.0%
- Debt to equity
- 0.52
- Debt ₹24 Cr
- EPS (TTM)
- ₹3.53
- OPM (TTM)
- 10.7%
- Net margin 3.3%
- Sales growth
- −29.4%
- Latest quarter vs a year ago
- Profit growth
- −26.9%
- Latest quarter vs a year ago
- Price to sales
- 0.35
- EV/EBITDA 5.6
Strengths and risks
Strengths
- P/E of 10.6 against an industry P/E of 30.6.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 7.9%.
- Quarterly profit down 26.9% on a year ago.
- Quarterly sales down 29.4% on a year ago.
- 35% below its 52-week high.
About National Plastic Industries
National Plastic Industries Limited manufactures and markets moulded plastic furniture and allied products under the NATIONAL brand name in India. The company offers furniture products, such as premium event chairs, premium chairs, without arm tent, popular chair, cabinet, baby chair, box, table, stool, household, drawer, and rack office chair. It also exports its products. The company serves households, institutions, small establishments, and public…
- Headquarters
- Mumbai
- Employees
- 188
- Sector
- Consumer Cyclical
- ISIN
- INE233D01013
- Website
- nationalplastic.com
Price range
- Avg volume (3M)
- 3.4K
- 1-year return
- minus 35.1%
- From 52-week high
- minus 35.4%
Peers · Furnishings, Fixtures & Appliances
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VOLTASVoltas | 1,099.00 | minus 1.47% | 36,364 | 77.8 | 5.39 | 9.3% | 5.8% | 4.9% | 14.5% | 40.7% | 0.36% | minus 17.9% |
| AMBERAmber Enterprises India | 6,403.00 | minus 2.76% | 22,582 | 236.1 | 5.15 | 7.2% | 5.3% | 7.2% | 20.7% | 4.2% | 0.00% | minus 15.5% |
| CROMPTONCrompton Greaves Consumer Electricals | 215.66 | plus 4.42% | 13,887 | – | 4.59 | −1.5% | −4.4% | 10.3% | 5.6% | – | 1.39% | minus 27.1% |
| WHIRLPOOLWhirlpool of India | 826.70 | plus 0.44% | 10,493 | 41.8 | 2.52 | 9.0% | 7.2% | 6.2% | 6.4% | 10.3% | 0.60% | minus 40.1% |
| TTKPRESTIGTTK Prestige | 608.75 | plus 10.47% | 8,338 | 43.1 | 4.21 | 10.8% | 8.3% | 8.8% | 2.3% | −14.2% | 1.23% | minus 17.6% |
| CELLOCello World | 363.75 | minus 2.27% | 8,204 | 26.4 | 2.91 | 16.1% | 13.0% | 19.9% | 9.2% | 7.6% | 0.41% | minus 41.6% |
| EUREKAFORBEureka Forbes | 366.20 | plus 4.27% | 7,092 | 37.1 | 1.54 | 4.0% | 3.6% | 11.5% | 9.0% | 83.1% | 0.00% | minus 35.1% |
| NATPLASNational Plastic Industries | 37.43 | plus 3.11% | 34 | 10.6 | 0.75 | 14.3% | 7.9% | 10.7% | −2.7% | −7.3% | 0.00% | minus 35.1% |
| Median of 7 peers | – | 0.44% | 10,493 | 42.5 | 4.21 | 9.0% | 5.8% | 8.8% | 9.0% | 8.9% | 0.41% | −27.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 22 | 22.8 | 31.1 | 27.2 | 15.5 | |
| 20 | 20 | 27.7 | 24.9 | 13.8 | |
| 2 | 2.8 | 3.4 | 2.3 | 1.8 | |
| 9.1% | 12.3% | 11.1% | 8.5% | 11.4% | |
| 0 | 0 | 0 | 0.7 | 0 | |
| 0.5 | 0.5 | 0.6 | 0.4 | 0.4 | |
| 0.7 | 0.7 | 0.8 | 0.7 | 0.7 | |
| 0.9 | 1.6 | 2 | 1.9 | 0.6 | |
| – | – | – | 154.3% | – | |
| 0.9 | 1.6 | 2 | −1 | 0.6 | |
| 0.94 | 1.77 | 2.23 | -1.15 | 0.68 |
Profit & loss
- Sales CAGR 3Y
- −2.7%
- Profit CAGR 3Y
- −7.3%
- EPS CAGR 3Y
- −7.3%
- ROE
- 7.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 110 | 96.6 | 95 | 101 | |
| – | minus 12.4% | minus 1.6% | +6.7% | |
| 99.5 | 87.9 | 87.6 | 91.9 | |
| 10.7 | 8.7 | 7.5 | 9.5 | |
| 9.7% | 9.0% | 7.8% | 9.4% | |
| 1.6 | 1.8 | 1.8 | 2.2 | |
| 3.1 | 1.9 | 1.6 | 1.9 | |
| 2.7 | 2.8 | 2.6 | 2.9 | |
| −0.3 | −0.2 | −0.1 | −0.5 | |
| 6.2 | 5.6 | 5.1 | 6.4 | |
| 30.3% | 71.2% | 26.0% | 46.3% | |
| 4.3 | 1.6 | 3.8 | 3.5 | |
| – | minus 62.8% | +132.4% | minus 7.8% | |
| 4.76 | 1.77 | 2.44 | 3.79 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.1 | 9.1 | 9.1 | 9.1 | |
| 27.2 | 28.9 | 32.7 | 36.4 | |
| 41.2 | 42.3 | 26.8 | 25.2 | |
| 16.9 | 19.1 | 13.4 | 11.3 | |
| 94.3 | 99.4 | 82.1 | 81.9 | |
| 29.6 | 30.3 | 31.9 | 31.7 | |
| – | 0.1 | 1.1 | – | |
| 0 | 0 | 0 | 0 | |
| 0.5 | 12.7 | 0.4 | 0.1 | |
| 64.2 | 56.2 | 48.8 | 50.2 | |
| 94.3 | 99.4 | 82.1 | 81.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.4 | 16.6 | 10.2 | 3.5 | |
| −1.1 | −3 | −4.3 | −4.9 | |
| −9.4 | −1.2 | −18.2 | 1.1 | |
| −0.1 | 12.4 | −12.3 | −0.2 | |
| −1.2 | −3 | −4.4 | −4.9 | |
| 9.2 | 13.6 | 5.9 | −1.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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