Arthneeti

OK Play India Q4 FY25 Share Price & Earnings Call Analysis

₹2.74-0.72% today
Market cap
₹99 Cr
P/E
28.41
ROE
2.53%
PEG
0.48
Price to sales
0.48
Debt to equity
0.66
52W high / low
₹8.42 / ₹2.68
Sales growth (5Y)
17.08%
EBITDA margin
13.48%
Net profit margin
2.08%
Promoter holding
47.47%
Sales (last year)
₹202 Cr

Incorporated in 1988, OK Play India Ltd manufactures plastic molded products, ranging from automotive components to children playground equipment[1]

Guidance scorecard · Q4 FY25 call

What OK Play India Ltd's management guided
and where it ranks in Consumer Durables

#42of 86 in
Consumer Durables
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ4 FY25 call

20–40%
  • Toys segment shows strong growth with a 40% increase quarter-on-quarter in Q4 FY25; aiming for Rs. 200 crore revenue from toys by FY26.
  • Phase 1 toys capacity at Rs. 15 crore per month, with current run rate reaching Rs. 9-10 crore; optimization expected soon.
  • Phase 2 Capex (~Rs. 100 crore) planned for H2 FY26 to introduce injection molded and battery-operated toys targeting export markets; will add new product range, not increase existing capacity.
  • Export opportunities significant due to US tariffs (145% on China vs. 10% on India), aimed at capturing global market share.
  • Automotive segment currently declining but expected recovery and diversification into non-automotive segments from FY26 onwards.

2 more points from OK Play India Ltd's call on revenue

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Full Q4 FY25 analysis

MarginsQ4 FY25 call

Flat

See what OK Play India Ltd said on margins — free account, 30 seconds.

Full Q4 FY25 analysis

CapexQ4 FY25 call

Planned
  • Recently completed Phase 1 Capex in toys segment involved Rs. 50-60 crore investment, setting up capacity of ~Rs. 15 crore/month (rotational and blow molded toys).
  • Phase 2 Capex planned with ~Rs. 100 crore investment, focused primarily on export market and new toy categories like injection molded toys and battery-operated ride-ons.
  • Phase 2 plant location being finalized with Invest India, targeting break ground in second half of FY ’26, construction expected to take 6-10 months.
  • Plans to fund Phase 2 primarily through equity, with possible limited debt; management avoids heavy debt on balance sheet.

2 more points from OK Play India Ltd's call on capex

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Full Q4 FY25 analysis

FundraisingQ4 FY25 call

Planned

See what OK Play India Ltd said on fundraising — free account, 30 seconds.

Full Q4 FY25 analysis

Order bookQ4 FY25 call

Rising
  • The company is in active discussions with leading players in India and abroad, including major clients like Amazon, Firstcry, and Escorts, securing strong contracts.
  • The toys business showed strong momentum with a 40% growth quarter-on-quarter in Q4 FY’25.
  • Phase 1 capacity in toys runs at Rs. 15 crore per month potential, with current utilization around Rs. 9-10 crore per month.
  • Phase 2 Capex (~Rs. 100 crore) planned to expand export-focused product range, expected to complete in H2 FY ‘26 within 6-10 months.
  • Export market opportunity is significant, especially due to US tariffs on China (145% tariff) vs. 10% on India, creating a large vacuum to fill.

2 more points from OK Play India Ltd's call on the order book

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Full Q4 FY25 analysis
Full Consumer Durables ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does OK Play India Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹166 Cr20.3
240%+Up 2%+₹100 Cr12.7
340%+Up 0–2%₹3,249 Cr17.4
440%+Up 0–2%₹2,081 Cr18.8
540%+Flat₹2,429 Cr41.1
640%+Flat₹2,163 Cr25.6

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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables ranking

Financials of OK Play India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of OK Play India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +46.9953.2643.2540.3140.9360.0839.8137.9432.8157.2241.1938.8951.82
Expenses +35.3143.7136.4332.4232.4348.8437.3729.7026.1346.8235.5833.8247.08
Operating Profit11.689.556.827.898.5011.242.448.246.6810.405.615.074.74
OPM %24.86%17.93%15.77%19.57%20.77%18.71%6.13%21.72%20.36%18.18%13.62%13.04%9.15%
Other Income +-0.030.140.010.100.01-1.515.550.08-0.041.46-0.07-0.146.61
Interest4.414.013.314.313.563.713.303.852.744.491.532.435.44
Depreciation2.982.922.983.033.204.113.673.643.634.263.365.174.54
Profit before tax4.262.760.540.651.751.911.020.830.273.110.65-2.671.37
Tax %-5.16%173.55%31.48%36.92%38.86%137.17%15.69%66.27%-170.37%187.14%-0.00%7.87%-15.33%
Net Profit +4.49-2.030.360.411.07-0.710.870.280.72-2.710.65-2.881.58
EPS in Rs0.23-0.110.020.020.04-0.020.030.010.02-0.080.02-0.080.04

Financials of OK Play India Ltd

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +1076610279138153769098175181165189
Expenses +91768361107113627284142147137163
Operating Profit15-102017314014181432352826
OPM %14%-15%19%22%22%26%19%20%15%18%19%17%14%
Other Income +-321-92-6-22010-278
Interest11111413141615171317151414
Depreciation74456810101312131517
Profit before tax-5-4-61414-9-9-113552
Tax %65%-38%-39%93%43%56%-58%-12%-27%168%76%116%
Net Profit +-9-3-4026-4-8-8-21-1-3
EPS in Rs-0.52-0.15-0.220.000.120.33-0.18-0.42-0.40-0.100.04-0.02-0.10
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Financials of OK Play India Ltd

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital17181819191919191919293636
Reserves121171727393628201797123125
Borrowings +89103102108124122128126139143111150126
Other Liabilities +301836403438426259605174110
Total Liabilities148150163184205219225236237239288383398
Fixed Assets +5152567688116120123123119136192193
CWIP351491401111111
Investments-0-0-0-0-0-0-0-0-0-0-0-00
Other Assets +93939499102103104112114120151190204
Total Assets148150163184205219225236237239288383398

Financials of OK Play India Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +19-222023203726297201128
Cash from Investing Activity +-6-7-17-20-23-23-15-13-12-8-32-64
Cash from Financing Activity +-1822-4-24-14-12-165-132234
Net Cash Flow-5-6-0100-11-1-11-1
Free Cash Flow14-2943-4141116-612-21-36
CFO/OP124%213%103%135%63%93%181%178%47%63%32%105%

Financials of OK Play India Ltd

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days961621411406144454347345181
Inventory Days165142176461274237516634612415419468
Days Payable76981042181065791197195137101137
Cash Conversion Cycle184206213384229224470480464312369412
Working Capital Days1582-75-9060219-128-140-3170101
ROCE %7%7%12%10%17%19%4%5%2%11%11%5%

Guidance history

How OK Play India Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY25 call →20–40%FlatPlannedPlannedRising
Q1 FY25 call →40%+Up 0–2%PlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

Continue your research

What OK Play India Ltd's management said in earlier quarters

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