Gujarat Petrosynthese Ltd

₹ 80.1 -3.68%

15 May 12:28 p.m.

gujaratpetrosynthese.com, www.gpl.in BSE: 506858

About

Incorporated in 1996, Gujarat Petrosynthese Ltd is in the business of plastic polymers and blends^[1]

Key Points

Business Overview:^[1]
Gujarat Petrosynthese Limited (Polymer Alloys & Blends Division) is a joint venture project between Gujarat Petrosynthese Limited and Karnataka State Industrial Investment & Development Corporation. Company has technical collaboration with Chenguang Research Institute of Chemical Industry, China National Blue Star Co. which has also made an equity contribution. Company manufactures Polymer Alloys & Blends of Engineering Plastics

Website BSE

Market Cap ₹ 47.8 Cr.
Current Price ₹ 80.1
High / Low ₹ 98.0 / 30.6
Stock P/E 61.3
Book Value ₹ 76.7
Dividend Yield 0.00 %
ROCE 4.35 %
ROE 2.15 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 1.08 times its book value
Company's working capital requirements have reduced from 92.8 days to 40.1 days

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 11.2% over past five years.
Company has a low return on equity of 0.80% over last 3 years.
Earnings include an other income of Rs.1.44 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Plastics Products

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022
	5.30	5.27	5.26	4.45	1.17	5.38	6.37	6.42	7.16	9.55	7.76	5.55	4.79
	5.60	5.56	5.32	5.04	1.62	5.59	6.57	6.78	6.99	8.81	7.56	5.88	4.82
Operating Profit	-0.30	-0.29	-0.06	-0.59	-0.45	-0.21	-0.20	-0.36	0.17	0.74	0.20	-0.33	-0.03
OPM %	-5.66%	-5.50%	-1.14%	-13.26%	-38.46%	-3.90%	-3.14%	-5.61%	2.37%	7.75%	2.58%	-5.95%	-0.63%
	0.33	0.30	0.33	2.62	0.32	0.25	5.91	0.32	0.37	0.39	0.47	0.19	0.39
Interest	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	0.01	-0.00
Depreciation	0.06	0.05	0.07	0.06	0.05	0.04	0.06	0.03	0.05	0.05	0.05	0.07	0.06
Profit before tax	-0.03	-0.04	0.20	1.97	-0.18	-0.00	5.65	-0.07	0.49	1.08	0.62	-0.22	0.30
Tax %	-166.67%	-100.00%	5.00%	-2.03%	-0.00%		-0.35%	57.14%	8.16%	67.59%	19.35%	-54.55%	13.33%
	-0.09	-0.08	0.19	2.01	-0.19	-0.00	5.68	-0.02	0.46	0.36	0.50	-0.34	0.26
EPS in Rs	-0.15	-0.13	0.32	3.37	-0.32	-0.00	9.52	-0.03	0.77	0.60	0.84	-0.57	0.44
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	54.16	50.27	43.80	50.90	25.71	20.75	17.68	18.99	22.33	20.28	19.34	30.02	27.65
	47.95	47.42	47.72	53.35	30.85	25.65	20.65	22.27	24.44	21.51	20.52	29.23	27.07
Operating Profit	6.21	2.85	-3.92	-2.45	-5.14	-4.90	-2.97	-3.28	-2.11	-1.23	-1.18	0.79	0.58
OPM %	11.47%	5.67%	-8.95%	-4.81%	-19.99%	-23.61%	-16.80%	-17.27%	-9.45%	-6.07%	-6.10%	2.63%	2.10%
	0.67	0.70	0.57	1.05	1.10	2.09	5.26	2.26	33.76	3.58	6.83	1.42	1.44
Interest	0.95	1.54	0.37	0.52	1.02	0.96	0.27	0.11	0.13	-0.00	-0.00	0.01	0.01
Depreciation	0.53	0.63	0.57	0.55	0.88	0.79	0.66	0.23	0.23	0.25	0.18	0.22	0.23
Profit before tax	5.40	1.38	-4.29	-2.47	-5.94	-4.56	1.36	-1.36	31.29	2.10	5.47	1.98	1.78
Tax %	33.15%	35.51%	-0.47%	11.74%	-0.00%	-9.43%	27.21%	65.44%	21.54%	2.86%	0.18%	51.01%
	3.61	0.89	-4.31	-2.17	-5.95	-4.98	0.98	-0.47	24.54	2.04	5.46	0.98	0.78
EPS in Rs	6.98	1.72	-8.34	-3.84	-9.97	-8.34	1.64	-0.79	41.11	3.42	9.15	1.64	1.31
Dividend Payout %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%

Compounded Sales Growth
10 Years:	-5%
5 Years:	11%
3 Years:	10%
TTM:	9%

Compounded Profit Growth
10 Years:	1%
5 Years:	18%
3 Years:	37%
TTM:	-17%

Stock Price CAGR
10 Years:	9%
5 Years:	29%
3 Years:	30%
1 Year:	144%

Return on Equity
10 Years:	-11%
5 Years:	-2%
3 Years:	1%
Last Year:	2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity Capital	5.17	5.17	5.17	5.64	5.97	5.97	5.97	5.97	5.97	5.97	5.97	5.97
Reserves	18.72	19.70	15.39	14.41	8.79	6.14	7.75	7.24	31.86	32.43	38.37	39.80
	9.17	5.60	3.61	4.61	8.72	5.48	1.67	2.08	-0.00	-0.00	-0.00	0.08
	9.90	10.40	10.22	6.15	6.87	2.96	2.50	1.86	8.67	1.40	1.89	2.38
Total Liabilities	42.96	40.87	34.39	30.81	30.35	20.55	17.89	17.15	46.50	39.80	46.23	48.23
	8.51	9.15	9.33	11.65	11.60	10.88	6.56	4.61	3.83	3.84	2.03	2.11
CWIP	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00
Investments	1.06	1.06	1.06	1.25	1.04	1.02	1.91	2.92	3.13	16.49	23.11	22.74
	33.39	30.66	24.00	17.91	17.71	8.65	9.42	9.62	39.54	19.47	21.09	23.38
Total Assets	42.96	40.87	34.39	30.81	30.35	20.55	17.89	17.15	46.50	39.80	46.23	48.23

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	-6.34	0.10	-5.18	-1.29	-0.02	-3.47	-4.40	-0.31	-34.45	14.97	3.32	-1.92
	-0.58	-0.01	-0.27	-2.71	-0.00	-3.49	8.43	1.20	35.98	-10.69	-3.28	2.06
	5.52	-0.01	-3.66	1.15	0.02	4.61	-4.41	0.62	-2.19	-0.00	-0.00	-0.00
Net Cash Flow	-1.40	0.08	-9.11	-2.85	0.01	-2.35	-0.38	1.51	-0.66	4.28	0.04	0.15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Debtor Days	36.06	26.57	26.83	17.57	63.89	35.53	41.50	31.14	37.43	32.40	45.29	44.26
Inventory Days	108.86	53.70	80.02	49.23	100.73	40.48	48.09	20.88	12.11	18.87	15.76	14.76
Days Payable	59.26	47.70	62.80	29.96	110.66	42.22	33.00	28.44	34.95	23.53	35.40	25.76
Cash Conversion Cycle	85.66	32.58	44.06	36.84	53.96	33.80	56.59	23.58	14.59	27.73	25.65	33.26
Working Capital Days	116.19	62.52	79.42	63.03	95.83	68.60	115.20	56.89	456.86	200.50	37.93	40.12
ROCE %	21.05%	9.19%	-14.39%	-10.12%	-22.73%	-25.13%	-18.80%	-21.25%	-6.93%	-0.60%	-0.29%	4.35%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	49.65%	49.65%	49.65%	49.73%	49.82%	49.96%	50.05%	50.54%	50.93%	51.16%	51.16%	51.18%
	0.00%	0.00%	0.00%	0.00%	0.00%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%
	14.81%	14.81%	14.74%	14.17%	14.09%	13.08%	12.92%	11.96%	11.73%	10.59%	10.26%	9.34%
	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%
	35.21%	35.21%	35.28%	35.76%	35.76%	35.62%	35.70%	36.16%	36.00%	36.90%	37.24%	38.14%
No. of Shareholders	18,422	18,429	18,459	18,537	18,520	18,502	18,501	18,499	18,468	19,090	19,160	19,321

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	49.12%	49.13%	49.21%	49.43%	49.54%	49.65%	49.73%	50.54%	51.18%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.01%	1.01%
	15.42%	15.42%	15.41%	15.41%	15.19%	14.85%	14.17%	11.96%	9.34%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.34%	0.34%	0.34%	0.34%
	35.46%	35.46%	35.38%	35.16%	35.27%	35.17%	35.76%	36.16%	38.14%
No. of Shareholders	19,190	19,126	18,977	18,621	18,466	18,349	18,537	18,499	19,321

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Gujarat Petrosynthese Ltd

Gujarat Petrosynthese Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports