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Mega Flex Plastics (NSE:MEGAFLEX) Retained Earnings : ₹0.0 Mil (As of Sep. 2024)


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What is Mega Flex Plastics Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mega Flex Plastics's retained earnings for the quarter that ended in Sep. 2024 was ₹0.0 Mil.

Mega Flex Plastics's quarterly retained earnings increased from Sep. 2023 (₹0.0 Mil) to Mar. 2024 (₹226.2 Mil) but then declined from Mar. 2024 (₹226.2 Mil) to Sep. 2024 (₹0.0 Mil).

Mega Flex Plastics's annual retained earnings declined from Mar. 2022 (₹250.1 Mil) to Mar. 2023 (₹211.9 Mil) but then increased from Mar. 2023 (₹211.9 Mil) to Mar. 2024 (₹226.2 Mil).


Mega Flex Plastics Retained Earnings Historical Data

The historical data trend for Mega Flex Plastics's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mega Flex Plastics Retained Earnings Chart

Mega Flex Plastics Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Retained Earnings
210.64 223.53 250.12 211.93 226.17

Mega Flex Plastics Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Retained Earnings Get a 7-Day Free Trial Premium Member Only - 211.93 - 226.17 -

Mega Flex Plastics Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Mega Flex Plastics  (NSE:MEGAFLEX) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Mega Flex Plastics Business Description

Traded in Other Exchanges
N/A
Address
4, Ho Chi Minh Sarani, Suite-2A, 2nd Floor, Kolkata, WB, IND, 700071
Mega Flex Plastics Ltd is engaged in manufacturing Leno Bags which are used for packaging agricultural products like potatoes, onions, garlic, coconuts, fruits, and vegetables. The company is also manufacturing Woven Fabric and Sutli (Fibrillated Twisted Thread). The company is also engaged in trading Polypropylene Granules. The company is currently engaged in single-segment business through various distributors and brand names such as Gold Flex, Leno Flex, Tiger, Tiranga, Kisan, and Phantom.

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