Garware Polyester Ltd

About

Garware Polyester is engaged in the business of manufacturing of Polyester Films.

  • Market Cap 603 Cr.
  • Current Price 259
  • High / Low 282 / 132
  • Stock P/E 8.28
  • Book Value 604
  • Dividend Yield 3.86 %
  • ROCE 10.0 %
  • ROE 6.20 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is virtually debt free.
  • Stock is trading at 0.43 times its book value
  • Stock is providing a good dividend yield of 3.86%.
  • Company has delivered good profit growth of 38.21% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 23.16%

Cons

  • The company has delivered a poor growth of 0.64% over past five years.
  • Company has a low return on equity of 4.99% for last 3 years.

Peer comparison

Sector: Packaging Industry: Packaging

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
243 248 234 224 252 250 202 221 169
198 205 206 196 204 204 178 177 140
Operating Profit 45 43 28 28 48 46 24 44 29
OPM % 18% 17% 12% 13% 19% 19% 12% 20% 17%
Other Income 1 3 3 3 3 4 3 2 2
Interest 5 5 5 5 5 4 5 4 5
Depreciation 3 3 4 3 5 5 5 6 6
Profit before tax 37 38 22 23 41 41 17 36 21
Tax % 33% 33% 34% 26% 34% 35% 33% 41% 34%
Net Profit 25 25 14 17 27 27 11 21 14
EPS in Rs 10.79 10.80 6.22 7.30 11.54 11.52 4.89 9.07 5.86
Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
564 315 899 795 777 843 896 857 874 833 948 925 842
458 257 614 707 709 774 836 776 801 750 804 763 699
Operating Profit 106 58 285 88 69 69 60 81 73 83 144 162 143
OPM % 19% 18% 32% 11% 9% 8% 7% 9% 8% 10% 15% 17% 17%
Other Income 3 1 -6 16 14 16 27 6 8 5 9 12 11
Interest 53 16 25 29 30 37 44 44 33 25 19 18 18
Depreciation 33 16 40 42 39 34 15 17 14 14 14 20 21
Profit before tax 24 27 214 33 13 14 27 27 34 50 120 135 114
Tax % 52% 0% 11% 3% -113% 26% 35% 38% 33% 34% 32% 36%
Net Profit 11 27 191 32 28 10 18 16 22 33 82 86 73
EPS in Rs 4.80 22.99 149.90 13.51 12.18 4.42 7.66 7.09 9.66 14.26 35.14 37.03 31.34
Dividend Payout % 20% 13% 7% 11% 0% 0% 0% 0% 10% 14% 28% 27%
Compounded Sales Growth
10 Years:11%
5 Years:1%
3 Years:2%
TTM:-12%
Compounded Profit Growth
10 Years:12%
5 Years:38%
3 Years:57%
TTM:-13%
Stock Price CAGR
10 Years:-1%
5 Years:12%
3 Years:0%
1 Year:11%
Return on Equity
10 Years:6%
5 Years:4%
3 Years:5%
Last Year:6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
77 77 78 78 78 78 23 23 23 23 23 23
Reserves 172 194 407 435 519 530 545 562 1,231 1,269 1,349 1,380
Borrowings 326 304 179 229 296 385 368 315 312 171 153 121
109 113 191 156 136 151 105 119 87 107 122 154
Total Liabilities 630 635 790 843 975 1,089 1,042 1,020 1,653 1,570 1,646 1,679
389 377 539 524 555 562 649 648 1,231 1,226 1,238 1,281
CWIP 2 3 9 6 39 86 11 5 8 10 11 19
Investments 37 37 1 1 1 1 1 1 29 36 120 116
201 217 241 313 380 441 381 366 386 298 277 264
Total Assets 630 635 790 843 975 1,089 1,042 1,020 1,653 1,570 1,646 1,679

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
154 45 245 50 48 22 91 101 77 134 141 99
-11 -4 -59 -15 -42 -78 -20 -5 -12 -5 -101 -44
-139 -41 -168 -5 32 50 -107 -96 -40 -172 -49 -64
Net Cash Flow 4 -1 18 30 39 -6 -36 0 25 -43 -8 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 7% 41% 9% 5% 5% 7% 8% 5% 5% 9% 10%
Debtor Days 58 121 12 9 20 25 20 17 26 17 22 21
Inventory Turnover 4.43 2.52 5.62 4.99 4.94 4.85 4.40 3.90 4.32 4.75 5.85 4.92

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
60.64 60.64 60.64 60.64 60.64 60.64 60.72 60.72 60.72 60.72 60.72 60.72
0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.75 3.75 3.75 3.75 3.76 3.73 3.73 3.71 3.72 3.71 3.71 3.71
0.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
34.78 35.60 35.61 35.60 35.59 35.63 35.55 35.57 35.56 35.57 35.57 35.57

Documents