OK Play India Ltd.
BBSE:OKPLA2.71
INR
-0.07
(-2.52%)
OK Play India Ltd.
BSE:OKPLA
(Bombay Stock Exchange)
Recent
price
2.71
P/E
ratio
64.81
div
yld
- -
ROIC.AI
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- Business
- OK Play India Limited OK Play India Limited manufactures plastic molded products across toys, automotive components, and electric vehicles. The company produces a diverse range of toys including ride-ons, swings, slides, sports equipment, preschool items, and active play products priced from INR 200 to INR 30,000; school furniture such as desks, chairs, and storage units for primary and secondary schools compliant with European safety standards and priced from INR 700 to INR 24,000; outdoor playground equipment like fun stations, see-saws, rockers, and climbers priced from INR 19,000 to INR 2.184 million; and point-of-purchase products including mannequins, display stands, and signage systems. In automotive components, OK Play India Limited fabricates plastic fuel tanks, urea tanks, water tanks, bus seats, fenders, consoles, cabin roofs, mudguards, air intake ducts, and other parts for medium and heavy commercial vehicles, tractors, construction equipment, buses, and electric three-wheelers, serving as a Tier 1 supplier to original equipment manufacturers with an annual production of 250,000 fuel tanks and holding significant market shares such as 100% with Ashok Leyland and 85% with Volvo Eicher. The electric vehicles segment offers 12 variants of L3 category three-wheelers (e-rickshaws, passenger vehicles, goods vehicles, loaders with 25-35 kmph speeds and payloads up to 500 kg) and 4 L5 variants including e-autos and e-loaders, supported by in-house telematics, fleet management software, battery swapping infrastructure, and after-sales services; additional offerings encompass air purifiers and filtration solutions through exclusive distribution partnerships, home decor items under OK Play Good Living, and infrastructure products like sanitation units. OK Play India Limited operates manufacturing facilities in Sohna (Haryana), Ranipet (Tamil Nadu), Bhiwadi (Rajasthan), and Mehrauli (New Delhi) utilizing roto molding (up to 4.3m diagonal), blow molding (up to 200L), injection molding (up to 180 tons), vacuum forming, and post-molding processes including powder coating and ultrasonic welding, with a workforce exceeding 500 and in-house R&D for design, prototyping, and quality control meeting ISO 9001 and EN 1176 standards. Founded in 1988 as Aquapure Container Pvt. Ltd. and renamed OK Play India Limited in 1993 following the acquisition of OK Play UK, the company lists on the BSE (ticker: 526415) with headquarters in New Delhi and registered office in Roz Ka Meo Industrial Estate, Sohna, Haryana; it serves retail clients like Hamleys, Firstcry, Amazon, and Myntra; institutional customers including schools such as Podar and DPS; automotive giants like Mahindra & Mahindra, SML Isuzu, and Caterpillar; and exports to markets including the US, UK, Middle East, Australia, and China via 100+ dealers and 150+ stores. Recent developments include the 2024 completion of a Rs. 46 crore capacity expansion increasing output from 300 MT to 1,200 MT per month financed 75% by Indian Overseas Bank; full acquisition of RIRA E-Vehicles Private Limited for electric vehicle consolidation; technology collaborations with Floteks (Turkey) for BS-VI compliant Comptank fuel systems and ATEK Group for roto molding advancements; exclusive distribution of Mann+Hummel's PureAir mobile air purifiers, Filter Cube outdoor units, and OurAir indoor solutions launched in February 2024 to address air pollution; contract manufacturing agreements with Hero Motors (HMC E-Valley) starting January 2024 and global toy makers like MGA Entertainment; strategic alliance with Hindustan Petroleum Corporation Limited (HPCL) involving a 5% investment in a promoter entity, deployment of 1,000 LPG delivery vehicles in Delhi-NCR Phase 1, battery swapping stations at HPCL pumps, and experience showrooms; plans for Rs. 100 crore capex in toys Phase 2 targeting US exports amid China+1 shifts; diversification into passenger vehicle fuel tanks and non-automotive industrials; and a 40% toys segment growth in Q4 FY25 with Q1 FY26 revenue contributions from new orders by IndoCool and Escorts.