Tokyo Plast International Limited
29 April 2026
Tokyo Plast International Ltd reports 33% revenue rise, profit up 600%
Tokyo Plast International Ltd – FY2026 Quarterly & Annual Results
Key Highlights (Quarter ended 31 Mar 2026)
- Revenue: Rs 2,287.5 lakh (↑33% QoQ, ↑9.5% YoY)
- Net Profit: Rs 53.6 lakh (EPS Rs 0.56) – up from Rs 7.5 lakh a quarter earlier
- Full‑Year Net Profit: Rs 141.0 lakh (EPS Rs 1.48) – up 6.4% YoY
- Operating Cash Flow: Rs 1,438.8 lakh (↑132% QoQ)
- Cash & Cash Equivalents (closing): Rs 156.96 lakh
- Total Assets: Rs 11,979.6 lakh; Equity: Rs 6,348.1 lakh
Consolidated Group Snapshot
- Quarterly Net Profit: Rs 4.39 lakh (EPS Rs 0.05) after a loss in the prior quarter.
- Operating Cash Flow (Consolidated): Rs 896.6 lakh; Closing Cash: Rs 531.06 lakh.
- Total Consolidated Assets: Rs 13,579.8 lakh.
Financial Analysis
- Revenue Growth: Driven by higher sales of plastic thermoware products; other income remained marginal.
- Profitability: Margin improvement from 0.3% (quarter) to 2.3% (quarter) and 1.8% (FY) due to better cost control (material cost down to Rs 708.5 lakh from Rs 1,107.9 lakh) and lower finance costs.
- Cash Generation: Operating cash turned strongly positive, offsetting large investing outflows (PPE purchases of Rs 2,327.5 lakh). The net cash position improved markedly.
- Balance Sheet: Loan assets (Rs 2,215 lakh) constitute ~18% of total assets, indicating a significant exposure to borrower credit risk. Short‑term borrowings rose to Rs 3,081 lakh.
- Liquidity: Current ratio improved (Current Assets Rs 4,560 lakh vs Current Liabilities Rs 4,000 lakh approx.), but the heavy investing cash outflow suggests continued capital spending.
Strategic & Regulatory Notes
- Regulatory Compliance: Results filed under SEBI Regulation 30/33; no pending regulatory actions.
- Management: No changes reported; Chairman & MD Velji Shah continues to lead.
- Strategic Focus: Continued investment in plant & equipment (capital work‑in‑progress) to expand capacity; loan‑granting activity indicates a diversification of revenue streams but adds credit risk.
Risks & Opportunities
| Risk | Description |
|---|---|
| Liquidity Pressure | Large capital expenditures and high loan‑asset balances could strain cash if operating cash flow weakens. |
| Credit Exposure | Loans to third parties (Rs 2,215 lakh) may face defaults, impacting asset quality. |
| Market Competition | The plastic thermoware segment is price‑sensitive; margin pressure could re‑emerge. |
| Regulatory Changes | Any tightening of SEBI disclosure or environmental regulations could affect operations. |
| Opportunity | Description |
|---|---|
| Revenue Upside | Strong demand trends suggest further top‑line growth. |
| Capacity Expansion | Ongoing PPE investment positions the company for higher volumes. |
| Cash Flow Leverage | Robust operating cash flow can fund growth without excessive external debt. |
| Diversified Income | Interest income from loan portfolio adds a non‑operational revenue stream. |
Outlook
- Short‑Term: Expect continued revenue growth; profitability should stay above the current 2%‑3% range if cost discipline holds. Operating cash flow is likely to remain positive, supporting working‑capital needs.
- Medium‑Term: Capital spending will keep cash outflows high; success depends on the timely commissioning of new capacity and the performance of the loan portfolio.
- Investor Takeaway: The company shows a moderately positive trajectory with improving earnings and cash generation, but investors should monitor liquidity, debt levels, and credit risk associated with the loan assets.
Prepared on 29 April 2026 based on the audited standalone and consolidated financial statements filed under SEBI regulations.
Original Source Document
View the original exchange filing or announcement.
Proudly crafted in India 🇮🇳
Frism Computing (OPC) Private Limited
#74, 15TH CROSS, JP Nagar III Phase, Bangalore South, Bangalore 560078, Karnataka