---
title: "Mega Flex Plastics Ltd (MEGAFLEX) — Share Price, Financials & Analysis"
symbol: "MEGAFLEX"
company: "Mega Flex Plastics Ltd"
canonical: "https://tapetide.com/stocks/MEGAFLEX"
isin: "INE0G1D01014"
nse_symbol: "MEGAFLEX"
sector: "Industrial Products"
industry: "Packaging"
market_cap_cr: 122.52
generated_at: "2026-09-13T18:35:55.966Z"
---

# Mega Flex Plastics Ltd (MEGAFLEX)

Canonical page: https://tapetide.com/stocks/MEGAFLEX

## Company

- **NSE Symbol:** MEGAFLEX
- **ISIN:** INE0G1D01014
- **Sector:** Industrial Products
- **Industry:** Packaging
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2022-09-19
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** megaflex.co.in

## About

Incorporated in 2003, Mega Flex Plastics
 Ltd is in the business of manufacturing 
Leno bags[1]

## Latest Price

- **Price:** ₹96
- **Change:** -5 (-4.95%)
- **Open:** ₹97
- **Day High:** ₹97
- **Day Low:** ₹96
- **Previous Close:** ₹101
- **Volume:** 2000
- **As Of:** 2026-09-11T08:44:09+00:00

## Key Fundamentals

Observed at 2026-09-11T04:49:04.238518Z.

- **Market Cap:** ₹122.52 Cr
- **Classification:** SME
- **P/E (reported):** 16.8
- **Book Value:** ₹51.5
- **Price to Book:** 1.96
- **Dividend Yield:** 0%
- **ROE:** 11.64%
- **ROCE:** 15.34%
- **Debt to Equity:** 0.03
- **Revenue (yearly):** ₹80.6 Cr
- **Net Income:** ₹7.3 Cr
- **EBITDA:** ₹10.6 Cr
- **52-Week High:** ₹155.05
- **52-Week Low:** ₹43.5
- **RSI (14):** 46.94

## Key Insights

### Strengths

- Company is almost debt free.
- Company has delivered good profit growth of 39.9% CAGR over last 5 years
- Company's working capital requirements have reduced from 47.6 days to 10.8 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.62% over last 3 years.
- Earnings include an other income of Rs.2.56 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 590.81% | 972.28% | 295.07% |
| ebitda margin growth | -98.95% | 51.26% | 189.25% | 48.2% |
| net income growth | -100.56% | 114.71% | 52% | 40% |
| revenue growth | -97.24% | 28.96% | 14% | 22% |
| roce | — | 83.05% | 313.48% | 9.22% |
| roe | — | 87.74% | 6.93% | 35.98% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 20.03 | 26.44 | 21.17 | 31.51 | 23.57 | 24.83 | 17.28 | 43.03 | 29.38 | 48.7 |
| Expenses | 19.09 | 23.74 | 20.42 | 30.17 | 24.44 | 24.36 | 17.88 | 39.18 | 28.4 | 41.62 |
| Operating Profit | 0.94 | 2.7 | 0.75 | 1.34 | -0.87 | 0.47 | -0.6 | 3.85 | 0.98 | 7.08 |
| OPM % | 4.69 | 10.21 | 3.54 | 4.25 | -3.69 | 1.89 | -3.47 | 8.95 | 3.34 | 14.54 |
| Other Income | 0.23 | 0.34 | 0.6 | 1.16 | 1.04 | 1.7 | 1.33 | 0.88 | 1.66 | 0.91 |
| Interest | 0.03 | 0.01 | 0.03 | 0.02 | 0.05 | 0.02 | 0.1 | 0.06 | 0.06 | 0.03 |
| Depreciation | 0.24 | 0.2 | 0.25 | 0.27 | 0.23 | 0.38 | 0.35 | 0.36 | 0.36 | 0.46 |
| Profit before tax | 0.9 | 2.83 | 1.07 | 2.21 | -0.11 | 1.77 | 0.28 | 4.31 | 2.22 | 7.5 |
| Tax % | 25.56 | 25.09 | 25.23 | 23.08 | 0 | 15.82 | 25 | 25.29 | 25.23 | 25.07 |
| Net Profit | 0.67 | 2.12 | 0.79 | 1.7 | -0.11 | 1.48 | 0.21 | 3.22 | 1.66 | 5.62 |
| EPS in Rs | 3.82 | 12.08 | 0.74 | 1.58 | -0.1 | 1.38 | 0.2 | 2.65 | 1.37 | 4.63 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 35.82 | 31.5 | 29.49 | 46.47 | 52.69 | 48.4 | 60.31 | 78.08 |
| Expenses | 32.43 | 29.78 | 28.26 | 43.16 | 50.89 | 48.81 | 57.06 | 70 |
| Operating Profit | 3.39 | 1.72 | 1.23 | 3.31 | 1.8 | -0.41 | 3.25 | 8.08 |
| OPM % | 9.46 | 5.46 | 4.17 | 7.12 | 3.42 | -0.85 | 5.39 | 10.35 |
| Other Income | 1.9 | 1.94 | 1.59 | 0.91 | 1.7 | 2.74 | 2.21 | 2.56 |
| Interest | 0.16 | 0.14 | 0.07 | 0.04 | 0.05 | 0.07 | 0.16 | 0.1 |
| Depreciation | 0.84 | 0.7 | 0.55 | 0.47 | 0.52 | 0.61 | 0.71 | 0.83 |
| Profit before tax | 4.29 | 2.82 | 2.2 | 3.71 | 2.93 | 1.65 | 4.59 | 9.71 |
| Tax % | 26.11 | 22.34 | 41.82 | 28.3 | 26.62 | 16.97 | 25.27 | 25.13 |
| Net Profit | 3.18 | 2.2 | 1.29 | 2.66 | 2.15 | 1.37 | 3.43 | 7.27 |
| EPS in Rs | 18.12 | 12.54 | 7.35 | 15.16 | 2 | 1.28 | 2.83 | 5.99 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.75 | 1.75 | 1.75 | 1.75 | 10.75 | 10.75 | 12.13 | 12.13 |
| Reserves | 23.08 | 25.35 | 26.64 | 29.3 | 34.03 | 35.45 | 43.1 | 50.34 |
| Borrowings | 0.56 | 0.26 | 0.41 | 0 | 0 | 0 | 1.26 | 1.95 |
| Other Liabilities | 4.02 | 2.64 | 3.2 | 3.1 | 2.47 | 1.62 | 3.1 | 8.81 |
| Total Liabilities | 29.41 | 30 | 32 | 34.15 | 47.25 | 47.82 | 59.59 | 73.23 |
| Fixed Assets | 6.66 | 6.01 | 5.57 | 5.65 | 5.98 | 5.77 | 7.58 | 7.95 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7.28 | 10.17 | 6.4 | 8.77 | 4.61 | 5.41 | 14.08 | 33.09 |
| Other Assets | 15.47 | 13.82 | 20.03 | 19.73 | 36.66 | 36.64 | 37.93 | 32.19 |
| Total Assets | 29.41 | 30 | 32 | 34.15 | 47.25 | 47.82 | 59.59 | 73.23 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2.7 | -0.6 | 3.81 | 4.46 | -5.12 | -2.02 | -3.59 | 17.62 |
| Cash from Investing Activity | 2.34 | 1.05 | -4.09 | -2.45 | 4.65 | 1.06 | -9.42 | -18.41 |
| Cash from Financing Activity | -0.13 | -0.35 | 0.11 | -0.45 | 11.35 | -0.07 | 6.65 | 0.6 |
| Net Cash Flow | -0.49 | 0.11 | -0.16 | 1.57 | 10.87 | -1.03 | -6.36 | -0.19 |
| Free Cash Flow | -3.36 | -0.64 | 4.25 | 3.9 | -5.97 | -2.42 | -6.11 | 16.41 |
| CFO/OP | -46 | 3 | 385 | 166 | -243 | 422 | -76 | 248 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 5.3 | 1.04 | 9.16 | 4.32 | 1.39 | 10.48 | 8.05 | 1.96 |
| Inventory Days | — | — | — | 55.02 | 60.44 | 57.08 | 35.3 | 29.55 |
| Days Payable | — | — | — | 1.64 | 4.67 | 1.18 | 1.38 | 25.43 |
| Cash Conversion Cycle | 5.3 | 1.04 | 9.16 | 57.7 | 57.16 | 66.39 | 41.97 | 6.08 |
| Working Capital Days | 36.89 | 43.68 | 86.76 | 40.53 | 45.3 | 52.49 | 79.46 | 10.85 |
| ROCE % | — | 10.24 | 7.34 | 11.53 | 6.57 | 0.7 | 7.38 | 14.92 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 0% | 73.32% | 73.32% | 73.32% | 73.32% | 73.4% | 73.4% | 73.92% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 19.4% | 18.69% | 16.96% | 15.96% | 17.3% | 17.87% | 18.04% |
| Others | 100% | 7.28% | 7.99% | 9.72% | 10.72% | 9.3% | 8.73% | 8.04% |
| No. of Shareholders | 729 | 377 | 385 | 371 | 328 | 314 | 242 | 171 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 6 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 95.7 | Buy |
| EMA (10) | 96.82 | Sell |
| SMA (20) | 97.11 | Sell |
| EMA (20) | 99.73 | Sell |
| SMA (50) | 119.22 | Sell |
| EMA (50) | 110.3 | Sell |
| SMA (100) | 121.15 | Sell |
| EMA (100) | 110.93 | Sell |
| SMA (200) | 94.2 | Buy |
| EMA (200) | 99.06 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.62 | Neutral |
| MACD (12,26,9) | -5.32 | Buy |
| Stochastic (14,3,3) | 79.73 | Neutral |
| ADX (14) | 36.87 | Buy |
| Williams %R (14) | -50 | Neutral |
| ATR (14) | 3.1 | High Volatility |
| ROC (12) | 1.05 | Buy |
| Stoch RSI (14) | 66.42 | Neutral |
| UO (7,14,28) | 51.06 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - Regulation 74(5) compliance certificate for quarter ended 30 June 2026; no physical securities received for dematerialization. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 Jul - Regulation 74(5) compliance certificate for quarter ended 30 June 2026; no physical securities received for dematerialization.](https://nsearchives.nseindia.com/corporate/MEGAFLEX_09072026161621_Reg_74_5__merged.pdf) |
| 9 April 2026 - Regulation 74(5) compliance certificate for quarter ended 31 March 2026; no physical securities received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - Regulation 74(5) compliance certificate for quarter ended 31 March 2026; no physical securities received.](https://nsearchives.nseindia.com/corporate/MEGAFLEX_09042026180710_Reg_74_5__March_2026.pdf) |
| 9 April 2026 - Promoters disclosed no encumbrance on shares for FY ended March 31, 2026. | [Disclosure under SEBI Takeover Regulations 9 April 2026 - Promoters disclosed no encumbrance on shares for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/team_sandeshc_07042026130710_26.pdf) |
| 6 November 2025 - Board approved unaudited H1 results ending 30 Sep 2025; Rs113.70 lakh utilised, Rs440.70 lakh unutilised; limited review clean; checklist: ["Review announcement content","Identify material facts and … | [Outcome of Board Meeting 6 November 2025 - Board approved unaudited H1 results ending 30 Sep 2025; Rs113.70 lakh utilised, Rs440.70 lakh unutilised; limited review clean; checklist: ["Review announcement content","Identify material facts and …](https://nsearchives.nseindia.com/corporate/MEGAFLEX_06112025175312_BoardMeetingOutcome.pdf) |
| 29 Jun - Trading window closure not applicable for quarter ended 30 June 2026 on NSE Emerge. | [Trading Window 29 Jun - Trading window closure not applicable for quarter ended 30 June 2026 on NSE Emerge.](https://nsearchives.nseindia.com/corporate/MEGAFLEX_29062026152537_CLOSING_WINDOW_JUNE_2026.pdf) |
| 29 December 2025 - MEGA FLEX: Trading window not applicable for quarter ended 31 Dec 2025; SME-listed entities file half-yearly results. | [Trading Window 29 December 2025 - MEGA FLEX: Trading window not applicable for quarter ended 31 Dec 2025; SME-listed entities file half-yearly results.](https://nsearchives.nseindia.com/corporate/MEGAFLEX_29122025155835_Non-Applicability_of_Closure_of_Trading_Window_Dec_25.pdf) |
| 28 Jul - Newspaper publication for 22nd AGM notice, e-voting details; AGM on 21 August 2026. | [Copy of Newspaper Publication 28 Jul - Newspaper publication for 22nd AGM notice, e-voting details; AGM on 21 August 2026.](https://nsearchives.nseindia.com/corporate/MEGAFLEX_28072026122722_NSE_Submission_NP_Adv_AGM.pdf) |
| 27 Jul - Mega Flex Plastics schedules 22nd AGM on 21 Aug 2026; annual report and voting dates shared. | [Shareholders meeting 27 Jul - Mega Flex Plastics schedules 22nd AGM on 21 Aug 2026; annual report and voting dates shared.](https://nsearchives.nseindia.com/corporate/MEGAFLEX_27072026180122_AGM_notice_NSE_Mega_2026.pdf) |
| 25 March 2026 - Trading window closed April 01, 2026 until 48 hours after audited results for HY & year ended March 31, 2026. | [Trading Window 25 March 2026 - Trading window closed April 01, 2026 until 48 hours after audited results for HY & year ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/MEGAFLEX_25032026183206_CLOSING_WINDOW__01_.pdf) |
| 22 May 2026 - FY26 audited standalone profit rose to ₹727.27 lakh; board reappointed secretarial and internal auditors for FY2026-27. | [Outcome of Board Meeting 22 May 2026 - FY26 audited standalone profit rose to ₹727.27 lakh; board reappointed secretarial and internal auditors for FY2026-27.](https://nsearchives.nseindia.com/corporate/MEGAFLEX_22052026191200_Outcome_Reg_30_March_2026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30021_MEGAFLEX_2025_2026_A_20575332_27072026174907.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26804_MEGAFLEX_2024_2025_A_09072025125834.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26337_MEGAFLEX_2023_2024_18102024153047.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22633_MEGAFLEX_2022_2023_04082023102912_08042023110000.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:35:55.966Z.