Sah Polymers Ltd

Sah Polymers Ltd

₹ 96.4 -0.41%
16 May 11:04 a.m.
About

Incorporated in 1992, Sah Polymers
Ltd does manufacturing and marketing
of FIBC and other flexible packaging
products[1]

Key Points

Business Overview:[1][2]
SAHPL is a Recognized Star Export
House by the Government of India. It is
a manufacturer of Flexible Intermediate
Bulk Containers from Simple builder bags
to complex C panel and circular baffle bags, Polypropylene Woven Bags, BOPP Laminated Bags

  • Market Cap 249 Cr.
  • Current Price 96.4
  • High / Low 146 / 80.4
  • Stock P/E 311
  • Book Value 33.8
  • Dividend Yield 0.52 %
  • ROCE 4.00 %
  • ROE 0.93 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.87 times its book value
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.2.33 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: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
27.22 26.41 21.87 19.89 23.29 27.54 25.95 32.40
25.23 24.46 20.32 18.36 21.59 26.54 25.16 31.20
Operating Profit 1.99 1.95 1.55 1.53 1.70 1.00 0.79 1.20
OPM % 7.31% 7.38% 7.09% 7.69% 7.30% 3.63% 3.04% 3.70%
0.37 0.22 0.71 0.52 0.54 0.49 0.89 0.41
Interest 0.36 0.44 0.70 0.72 0.79 0.75 0.93 0.80
Depreciation 0.28 0.29 0.29 0.54 0.58 0.57 0.61 0.63
Profit before tax 1.72 1.44 1.27 0.79 0.87 0.17 0.14 0.18
Tax % 27.33% 24.31% 20.47% 36.71% 31.03% 29.41% 50.00% 27.78%
1.25 1.09 1.01 0.50 0.61 0.11 0.07 0.13
EPS in Rs 0.71 0.65 0.58 0.22 0.20 0.04 0.02 0.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2022 Mar 2023 Mar 2024
45 49 80 95 109
43 47 73 88 105
Operating Profit 2 2 7 7 5
OPM % 5% 4% 9% 8% 4%
0 1 1 2 2
Interest 1 2 1 3 3
Depreciation 1 1 1 1 2
Profit before tax 1 1 5 5 1
Tax % 49% 43% 20% 27% 32%
0 0 4 4 1
EPS in Rs 0.24 0.19 2.69 1.33 0.31
Dividend Payout % 0% 0% 0% 38% 0%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: %
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: %
TTM: -77%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 20%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2022 Mar 2023 Mar 2024
Equity Capital 16 16 16 26 26
Reserves 3 4 8 59 61
11 10 30 25 31
7 7 14 16 14
Total Liabilities 37 36 69 126 132
13 13 19 47 51
CWIP 0 0 7 1 1
Investments 0 0 0 0 0
24 23 43 78 80
Total Assets 37 36 69 126 132

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2022 Mar 2023 Mar 2024
3 3 -1 -17 0
-1 -1 -11 -20 -5
-2 -2 11 46 -5
Net Cash Flow 1 -0 -1 9 -10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2022 Mar 2023 Mar 2024
Debtor Days 71 67 63 62 74
Inventory Days 66 61 101 162 167
Days Payable 45 49 51 52 49
Cash Conversion Cycle 91 79 113 172 191
Working Capital Days 127 115 130 165 176
ROCE % 7% 9%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.46% 60.46% 60.46% 60.46% 60.46%
11.80% 6.55% 4.19% 3.58% 3.15%
27.73% 33.00% 35.34% 35.96% 36.40%
No. of Shareholders 11,0239,3148,5037,7077,897

* 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.

Click on the line-items to see the names of individual entities.

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