Polychem Ltd
Incorporated in 1956, Polychem Ltd manufactures specialty chemicals and also does property development[1]
- Market Cap ₹ 97.5 Cr.
- Current Price ₹ 2,436
- High / Low ₹ 3,725 / 1,786
- Stock P/E 34.6
- Book Value ₹ 1,099
- Dividend Yield 0.82 %
- ROCE 10.0 %
- ROE 6.58 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 18.7%
Cons
- The company has delivered a poor sales growth of 2.60% over past five years.
- Company has a low return on equity of 12.4% over last 3 years.
- Earnings include an other income of Rs.2.25 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
Commodities Chemicals Chemicals & Petrochemicals Commodity Chemicals
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
12.63 | 26.70 | 30.75 | 41.54 | 36.64 | 24.63 | 35.78 | 51.24 | 53.87 | 41.65 | |
12.93 | 26.58 | 30.23 | 35.52 | 32.69 | 23.98 | 35.08 | 45.39 | 45.12 | 37.95 | |
Operating Profit | -0.30 | 0.12 | 0.52 | 6.02 | 3.95 | 0.65 | 0.70 | 5.85 | 8.75 | 3.70 |
OPM % | -2.38% | 0.45% | 1.69% | 14.49% | 10.78% | 2.64% | 1.96% | 11.42% | 16.24% | 8.88% |
1.00 | 0.81 | 0.34 | 0.43 | 1.12 | 1.43 | 0.82 | 5.61 | 1.96 | 2.25 | |
Interest | 0.00 | 0.04 | 0.01 | 0.00 | 0.04 | 0.08 | 0.07 | 0.16 | 0.14 | 0.14 |
Depreciation | 0.23 | 0.30 | 0.29 | 0.32 | 0.70 | 0.73 | 0.68 | 0.77 | 1.02 | 1.02 |
Profit before tax | 0.47 | 0.59 | 0.56 | 6.13 | 4.33 | 1.27 | 0.77 | 10.53 | 9.55 | 4.79 |
Tax % | 27.66% | -32.20% | 7.14% | 0.00% | 16.17% | -1.57% | -12.99% | 8.36% | 14.24% | 19.83% |
0.34 | 0.79 | 0.53 | 6.12 | 3.63 | 1.29 | 0.87 | 9.65 | 8.19 | 3.84 | |
EPS in Rs | 8.42 | 20.05 | 5.69 | 89.60 | 75.99 | 20.54 | 12.62 | 178.96 | 178.22 | 70.05 |
Dividend Payout % | 29.41% | 12.35% | 0.00% | 2.76% | 16.29% | 0.00% | 23.53% | 11.07% | 16.67% | 28.27% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 5% |
TTM: | -23% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | 80% |
TTM: | -61% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 29% |
3 Years: | 59% |
1 Year: | -15% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 12% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 |
Reserves | 14.84 | 18.18 | 18.28 | 21.86 | 24.73 | 25.12 | 27.50 | 34.49 | 40.80 | 44.00 |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.81 | 1.63 | 1.42 | |
1.20 | 3.05 | 3.78 | 5.35 | 7.24 | 7.72 | 5.45 | 7.89 | 8.38 | 8.62 | |
Total Liabilities | 16.44 | 21.63 | 22.46 | 27.61 | 32.37 | 33.24 | 33.35 | 43.59 | 51.21 | 54.44 |
0.54 | 2.20 | 2.23 | 2.66 | 3.56 | 3.10 | 2.57 | 3.63 | 4.12 | 3.59 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 2.19 | 2.90 | 3.06 | 7.43 | 8.12 | 10.13 | 9.38 | 19.02 | 22.51 | 28.35 |
13.71 | 16.53 | 17.17 | 17.44 | 20.69 | 20.01 | 21.40 | 20.94 | 24.58 | 22.50 | |
Total Assets | 16.44 | 21.63 | 22.46 | 27.61 | 32.37 | 33.24 | 33.35 | 43.59 | 51.21 | 54.44 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.02 | 0.28 | 3.64 | 5.88 | 1.36 | -2.20 | 5.28 | 6.37 | 2.12 | |
0.00 | -0.01 | 0.27 | -4.20 | -3.61 | 0.56 | -0.87 | -3.81 | -3.10 | -0.60 | |
0.00 | -0.10 | -0.11 | 0.00 | -0.41 | -0.82 | -0.29 | -0.44 | -1.12 | -1.53 | |
Net Cash Flow | 0.00 | -0.09 | 0.45 | -0.56 | 1.87 | 1.10 | -3.36 | 1.03 | 2.16 | 0.00 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 68.20 | 73.55 | 86.41 | 74.95 | 76.81 | 107.14 | 99.87 | 55.70 | 54.81 | 62.75 |
Inventory Days | 120.45 | 118.31 | 95.57 | 73.00 | 79.36 | 119.71 | 93.97 | 96.05 | 93.01 | 125.97 |
Days Payable | 38.06 | 38.78 | 43.13 | 15.70 | 20.21 | 40.79 | 27.70 | 18.16 | 17.85 | 7.80 |
Cash Conversion Cycle | 150.59 | 153.08 | 138.85 | 132.25 | 135.95 | 186.06 | 166.14 | 133.59 | 129.98 | 180.91 |
Working Capital Days | 259.81 | 80.11 | 75.49 | 79.52 | 62.06 | 92.18 | 126.19 | 86.69 | 86.05 | 117.61 |
ROCE % | 5.00% | 3.72% | 33.88% | 18.75% | 5.30% | 2.94% | 17.60% | 22.62% | 10.03% |
Documents
Announcements
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Board Meeting Intimation for To Consider The Standalone And Consolidated Unaudited Financial Results For The Quarter Ended June 30, 2025
30 Jul - Board meeting on Aug 6 to approve Q1 FY26 unaudited results; trading window closed from July 1.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Jul - Newspaper Publication of Intimation of Extra-Ordinary General Meeting
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Board Meeting Outcome for Outcome Of Board Meeting
29 Jul - Board approved Rs.29 Cr sale of subsidiary's property; EGM on Sept 1 for shareholder consent.
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Intimation Of Extra Ordinary General Meeting Of The Company
29 Jul - EGM on Sept 1 to approve disposal of Gujarat Poly Electronics Ltd land and building.
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Outcome Of Board Meeting -
This Is Pursuant To Regulation 30 And Other Applicable Regulations, If Any, Of The SEBI (LODR) Regulations, 2015 (The 'Listing Regulations').
29 Jul - Polychem's subsidiary GPEL to sell land and factory for Rs. 29 crore; EGM on Sept 1 for approval.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
The company's polymer division specializes in manufacture of Polymers & Co-Polymers from
Styrene, Di vinyl Benzene, Acrylic Acid and Acrylates through either suspension or emulsion polymerization routes. Apart from this, the company is also, in the business of property development, and manufacturing and trading of capacitors