Polychem Ltd
Incorporated in 1956, Polychem Ltd manufactures specialty chemicals and also does property development[1]
- Market Cap ₹ 77.6 Cr.
- Current Price ₹ 1,940
- High / Low ₹ 3,725 / 1,786
- Stock P/E 27.4
- Book Value ₹ 1,099
- Dividend Yield 1.55 %
- ROCE 10.1 %
- ROE 6.61 %
- 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 12.5% 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.
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 | 45.10 | 37.95 | |
Operating Profit | -0.30 | 0.12 | 0.52 | 6.02 | 3.95 | 0.65 | 0.70 | 5.85 | 8.77 | 3.70 |
OPM % | -2.38% | 0.45% | 1.69% | 14.49% | 10.78% | 2.64% | 1.96% | 11.42% | 16.28% | 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 | 0.16 | 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: | 17% |
5 Years: | 47% |
3 Years: | 55% |
1 Year: | -38% |
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 | 126.24 |
Days Payable | 38.06 | 38.78 | 43.13 | 15.70 | 20.21 | 40.79 | 27.70 | 18.16 | 17.85 | 7.82 |
Cash Conversion Cycle | 150.59 | 153.08 | 138.85 | 132.25 | 135.95 | 186.06 | 166.14 | 133.59 | 129.98 | 181.17 |
Working Capital Days | 259.81 | 80.11 | 75.49 | 79.52 | 62.06 | 92.18 | 126.19 | 87.26 | 87.47 | 119.80 |
ROCE % | 5.00% | 3.72% | 33.88% | 18.75% | 5.30% | 2.94% | 17.60% | 22.67% | 10.07% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - Newspaper Publication of Standalone and Consolidated Audited Results for the quarter and year ended March 31, 2025
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Compliances-Reg.24(A)-Annual Secretarial Compliance
15 May - Annual Secretarial Compliance Report confirms full regulatory compliance for FY ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
14 May - Re-appointment of internal auditor and appointment of secretarial auditor for FY 2025-26 onwards.
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Regulation 33 Of SABI (LODR) Regulations, 2015
14 May - Polychem approved FY25 audited results; declared Rs.20/share dividend; auditors re-appointed; unmodified opinion given.
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Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 And 33 Of SEBI (LODR) Regulations, 2015
14 May - Polychem approved FY25 audited results; declared Rs.20/share dividend; appointed auditors; results show profit before tax Rs.394 lakh standalone.
Annual reports
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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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Financial Year 2010
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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