WIM PLAST LTD FY18 Annual Report Notes
Management has hardly given any information in this year’s AR. It looks like the expansion done in FY17 of Coolers division and Sheet division hasn’t picked up any pace. Company has closed the year with higher inventory though, that may be indicative of better June 2018 qtr. Company was more or less able to pass on the increase in raw materials cost to the customer as the material cost increased marginally from 53.42% of sales in FY17 to 57% in FY18, it was the subdued sales growth which affected the company.
- The Standalone revenue from operations for financial year 2017-18 was
385 cr as compared to351 cr of the Financial Year 2016-17. The Standalone Profit after tax for the year has decreased from
4,857.88 lacs in FY 2016-17 to4,468.26 Lacs in FY 2017-18.
- Inventory as on 31.03.2018 was Rs. 102.94 cr (Includes RM of Rs. 50 cr and Finished Goods of 44 cr). YOY inventory days increased from 81 days to 97 days.
- The company is expanding it’s moulding capacity with high tonnage machines at Daman and Chennai.
- Last year the company launched various range of products in moulded furniture and new coolers in Window, Desert, Mini Desert and Personnel cooler categories.