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OK PLAY INDIA LTD. (OKPLA) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹1.5B

OP OK PLAY INDIA LTD. OKPLA · BSE
Price₹3.48
Fair Value₹1.52
Upside-56.3%
Quality38/100
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Strengths

Healthy Growth
Low debt · generates free cash flow

Risks

!Trades 56% ABOVE our fair value of ₹1.52
!Thin margins · 1.5% net margin
!Mixed vs. peers (6/13)
!Narrow moat 23/100
Healthy Growth
Thin margins · 1.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 23/100
Evidence: High Range ₹1.33 – ₹1.75 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 8 days ago

Below-average quality, and screening another 56% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹1.75). The favourable scenario is already priced in.
  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

₹17,020 ₹2.91 Fair Value ₹1.52 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹2.91 – ₹17,020 · fair‑value band ₹1.33 – ₹1.75 · the ₹3.48 price screens above the ₹1.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

OK PLAY INDIA LTD. (OKPLA) currently trades at ₹3.48, while our model-based Fair Value estimate is ₹1.52, implying the stock looks roughly 56.3% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, OK PLAY INDIA LTD. generated revenue of ₹2.0B at a net margin of 1.5%. Revenue grew 15.1% year over year. It earns a return on equity of 1.8%. Net debt stands at ₹1.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1.33 (bear case) to ₹1.75 (bull case); at ₹3.48, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 72% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -12% fair-value upside, at -56%, OKPLA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹2.57 ₹5.07 ₹8.62 80
Rev-Margin DCF ₹0.9100 ₹2.30 ₹4.09 74
Growth-Adj P/E ₹1.06 ₹1.52 ₹1.98 68
All 22 models by family
DCF Models
FCF DCF ₹2.63 ₹5.45 ₹9.70 38
Owner Earnings ₹0.4100 ₹1.70 31
5Y Revenue Exit ₹0.9100 ₹2.27 ₹4.02 39
5Y EBITDA Exit ₹3.32 ₹7.20 ₹12.00 41
5Y P/E Exit ₹0.6200 ₹1.69 ₹2.84 38
10Y Revenue Exit ₹1.48 ₹2.92 ₹4.93 36
10Y EBITDA Exit ₹2.99 ₹6.19 ₹10.96 37
10Y P/E Exit ₹1.36 ₹2.53 ₹4.04 35
Earnings-Based
Graham-Dodd ₹0.5500 ₹2.44 ₹3.34 54
Lynch FV ₹0.6300 ₹0.9100 ₹1.18 50
PEG = 1.0 ₹0.6300 ₹0.9100 ₹1.18 46
Multiples
P/E Multiple ₹1.33 ₹1.77 ₹2.21 63
P/S Multiple ₹1.03 ₹1.37 ₹1.71 58
P/B Multiple ₹1.03 ₹1.37 ₹1.71 55
EV/EBIT ₹0.7500 ₹1.59 ₹2.44 53
EV/EBITDA ₹4.30 ₹6.33 ₹8.36 54
EV/Revenue ₹0.6500 ₹1.39 43
Asset-Based
NCAV (Graham) ₹2.30 ₹3.08 ₹4.59 50
Growth DCF
Growth DCF ₹2.57 ₹5.07 ₹8.62 80
Rev-Margin DCF ₹0.9100 ₹2.30 ₹4.09 74
Economic Profit
Residual Income ₹3.01 ₹2.77 ₹1.97 61
Growth Earnings
Growth-Adj P/E ₹1.06 ₹1.52 ₹1.98 68

Widest divergence: Asset-Based (₹3.08) versus Earnings-Based (₹0.9100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹2.0B
Revenue growth (YoY) +15.1%
Net margin 1.5%
Return on equity 1.8%
Free cash flow ₹154M FY2026
P/E ratio 43.5
More key figures
Operating margin 6.8%
EPS (TTM) ₹0.0800
EPS growth (YoY) -31.0%
Net debt ₹1.0B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 41 · Market factors (momentum, volatility) 16

Profitability 27
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 28
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 33
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

OK Play India Limited manufactures and sells plastic molded products in India. The company offers plastic molded toys, children playground equipment, school furniture, automotive components, and electric vehicles; and mannequins, as well as point-of-purchase, infrastructure, and industrial products.

Full company description

OK Play India Limited manufactures and sells plastic molded products in India. The company offers plastic molded toys, children playground equipment, school furniture, automotive components, and electric vehicles; and mannequins, as well as point-of-purchase, infrastructure, and industrial products. OK Play India Limited serves clients operating in the automotive sector; government projects; POP, signage, and display stands; and toys, school furniture, and playground equipment. The company was formerly known as Aquapure Containers Ltd. and changed its name to OK Play India Limited in 1993. Ok Play India Limited was incorporated in 1988 and is headquartered in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

OK PLAY INDIA LTD. reported revenue of ₹2.0B in FY2026 versus ₹1.0B in FY2022, a compound +18.3%/yr. Reported net income was ₹29.2M in FY2026.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹2.0B
Latest YoY
+17.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.6%
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.4%
Revenue +18.3%/yr
FY22 ₹1.0B
FY23 ₹1.8B
FY24 ₹1.8B
FY25 ₹1.7B
FY26 ₹2.0B
Net income
FY22 −₹77.6M
FY23 −₹19.5M
FY24 ₹11.3M
FY25 −₹8.3M
FY26 ₹29.2M

OKPLA screens 56% overvalued. Compare with ANTA Sports Products Limited →

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Cite: Fair Value Calculator (2026). "OK PLAY INDIA LTD. Fair Value". https://www.fairvalue-calculator.com/stock/OKPLA

Peer Group

Leisure · 192 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 38 · Bottom 25%
Fair Value upside −56% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 15% · Top 25%
Debt / equity 0.42× · Higher than 75% of peers

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 43.5× · Pricier than 75% of peers
P/B 0.89× · Cheaper than median
P/S (TTM) 0.75× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 8.7× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 20
FUTURE76 · sector 16
PAST7 · sector 20
HEALTH79 · sector 94
DIVIDEND0 · sector 54

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$72.80 HK$119.82 +65%
Pop Mart International Group 9992 HK$151.00 HK$227.30 +51%
Amer Sports, Inc AS $33.03 $16.16 -51%
Hasbro, Inc HAS $94.89 $81.97 -14%
Life Time Group LTH $45.40 $15.61 -66%
Ninebot Limited 689009 ¥44.94 ¥39.73 -12%
Li Ning Company 2331 HK$14.25 HK$29.50 +107%
Benefit Systems S.A BFT 5,515 PLN 3,714 PLN -33%
Asmodee Group ASMDEEB kr 158.70 kr 96.65 -39%
Smartfit Escola de Ginástica e Dança S.A SMFT3 R$17.25 R$22.90 +33%

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Frequently asked questions

Is OK PLAY INDIA LTD. (OKPLA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1.52 versus a price of ₹3.48, about −56% (overvalued).
What is the fair value of OKPLA?
Our model-based fair value for OK PLAY INDIA LTD. is ₹1.52 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹3.48.
What is the quality score of OKPLA?
OK PLAY INDIA LTD. has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of OK PLAY INDIA LTD. (OKPLA)?
OK PLAY INDIA LTD. reported trailing-twelve-month revenue of about ₹2.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of OKPLA?
The net profit margin of OK PLAY INDIA LTD. is about 1.5%, meaning it keeps roughly 1.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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