Gujarat Petrosynthese Ltd

Gujarat Petrosynthese Ltd

₹ 64.3 -0.31%
18 Apr - close price
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

  • Market Cap 38.4 Cr.
  • Current Price 64.3
  • High / Low 90.4 / 30.0
  • Stock P/E 20.9
  • Book Value 79.8
  • Dividend Yield 0.00 %
  • ROCE 4.35 %
  • ROE 3.06 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.81 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 0.69% over past five years.
  • Company has a low return on equity of 2.90% over last 3 years.
  • Earnings include an other income of Rs.2.97 Cr.
  • Debtor days have increased from 62.8 to 99.0 days.
  • Working capital days have increased from 169 days to 409 days

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6.37 6.42 7.16 9.55 7.76 5.55 4.79 4.46 5.68 4.62 2.86 4.53 3.26
6.53 6.69 6.98 8.81 7.56 5.88 4.83 4.55 5.48 4.89 3.17 4.47 3.74
Operating Profit -0.16 -0.27 0.18 0.74 0.20 -0.33 -0.04 -0.09 0.20 -0.27 -0.31 0.06 -0.48
OPM % -2.51% -4.21% 2.51% 7.75% 2.58% -5.95% -0.84% -2.02% 3.52% -5.84% -10.84% 1.32% -14.72%
5.77 0.17 0.17 0.39 0.59 0.31 0.53 0.56 0.51 0.82 0.67 0.72 0.76
Interest 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.00
Depreciation 0.06 0.03 0.05 0.05 0.05 0.07 0.06 0.06 0.06 0.06 0.06 0.06 0.06
Profit before tax 5.55 -0.13 0.30 1.08 0.74 -0.10 0.43 0.41 0.65 0.49 0.29 0.72 0.22
Tax % -0.36% 30.77% 13.33% 67.59% 16.22% 380.00% 9.30% -2.44% 61.54% 32.65% 6.90% 20.83% -218.18%
5.57 -0.09 0.26 0.36 0.62 0.28 0.40 0.42 0.25 0.32 0.26 0.57 0.69
EPS in Rs 9.33 -0.15 0.44 0.60 1.04 0.47 0.67 0.70 0.42 0.54 0.44 0.95 1.16
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
10.97 10.61 8.99 8.78 11.15 17.68 18.89 22.07 20.21 19.34 30.02 19.55 15.27
12.00 12.11 10.92 10.38 12.55 19.93 20.68 23.51 21.27 20.41 29.23 19.73 16.27
Operating Profit -1.03 -1.50 -1.93 -1.60 -1.40 -2.25 -1.79 -1.44 -1.06 -1.07 0.79 -0.18 -1.00
OPM % -9.39% -14.14% -21.47% -18.22% -12.56% -12.73% -9.48% -6.52% -5.24% -5.53% 2.63% -0.92% -6.55%
2.62 1.19 1.46 1.66 1.81 3.00 2.08 0.30 2.77 6.21 1.88 2.41 2.97
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.00 0.00 0.01 0.01 0.01
Depreciation 0.36 0.36 0.39 0.50 0.32 0.27 0.23 0.23 0.25 0.18 0.22 0.25 0.24
Profit before tax 1.23 -0.67 -0.86 -0.44 0.09 0.48 0.05 -1.40 1.46 4.96 2.44 1.97 1.72
Tax % 35.77% 0.00% 46.51% -9.09% 444.44% 6.25% -1,140.00% 22.14% -2.05% -1.01% 20.49% 29.44%
0.79 -0.67 -0.46 -0.48 -0.31 0.44 0.62 -1.09 1.49 5.01 1.94 1.39 1.84
EPS in Rs 1.53 -1.30 -0.81 -0.80 -0.52 0.74 1.04 -1.83 2.50 8.39 3.25 2.33 3.09
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: 6%
5 Years: 1%
3 Years: -1%
TTM: -25%
Compounded Profit Growth
10 Years: 15%
5 Years: 25%
3 Years: 55%
TTM: 31%
Stock Price CAGR
10 Years: 7%
5 Years: 19%
3 Years: 20%
1 Year: 104%
Return on Equity
10 Years: -2%
5 Years: 1%
3 Years: 3%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5.17 5.17 5.64 5.97 5.97 5.97 5.97 5.97 5.97 5.97 5.97 5.97 5.97
Reserves 12.84 12.18 12.91 12.85 14.65 15.10 15.72 14.63 16.12 21.13 39.45 40.83 41.66
0.00 0.00 0.00 0.00 0.25 0.27 0.64 0.00 0.00 0.00 0.08 0.03 0.00
3.28 3.43 3.32 2.17 2.55 2.19 1.58 2.07 1.37 1.87 2.67 3.07 2.52
Total Liabilities 21.29 20.78 21.87 20.99 23.42 23.53 23.91 22.67 23.46 28.97 48.17 49.90 50.15
5.40 5.17 5.24 4.30 4.05 4.05 3.77 3.80 2.59 2.00 2.11 2.05 1.93
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 0.00
Investments 4.05 6.74 6.27 6.12 9.92 10.23 10.11 10.31 9.64 15.25 22.74 22.62 24.92
11.84 8.87 10.36 10.57 9.45 9.25 10.03 8.56 11.23 11.72 23.32 25.23 23.30
Total Assets 21.29 20.78 21.87 20.99 23.42 23.53 23.91 22.67 23.46 28.97 48.17 49.90 50.15

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.20 1.75 -1.54 -1.63 2.67 -2.06 -1.18 0.15 1.43 3.42 -1.86 -2.79
0.15 -2.62 -0.32 0.80 -4.05 2.12 2.14 -0.36 3.25 -3.37 2.06 2.36
0.03 0.02 1.76 0.85 1.94 -0.07 -0.07 -0.66 0.00 0.00 -0.05 -0.06
Net Cash Flow 0.38 -0.85 -0.10 0.02 0.56 -0.01 0.88 -0.87 4.68 0.05 0.15 -0.49

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 65.21 74.31 75.52 84.39 66.13 44.80 31.30 37.87 32.51 45.29 44.26 98.95
Inventory Days 17.38 20.54 18.73 16.76 22.68 13.81 13.46 10.28 18.99 15.76 14.76 19.66
Days Payable 63.59 58.19 58.72 73.31 64.61 31.46 28.57 32.27 23.23 34.95 25.76 44.00
Cash Conversion Cycle 19.01 36.65 35.52 27.83 24.19 27.15 16.19 15.89 28.26 26.11 33.26 74.62
Working Capital Days 264.18 195.06 285.42 335.90 203.94 50.99 37.68 70.45 36.30 31.90 65.78 409.06
ROCE % 6.98% -3.79% -6.91% -5.30% -7.05% -11.04% -8.88% -6.38% -4.03% -2.56% 6.67% 4.35%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
49.65% 49.65% 49.65% 49.65% 49.73% 49.82% 49.96% 50.05% 50.54% 50.93% 51.16% 51.16%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.01% 1.01% 1.01% 1.01% 1.01% 1.01%
14.85% 14.81% 14.81% 14.74% 14.17% 14.09% 13.08% 12.92% 11.96% 11.73% 10.59% 10.26%
0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34%
35.17% 35.21% 35.21% 35.28% 35.76% 35.76% 35.62% 35.70% 36.16% 36.00% 36.90% 37.24%
No. of Shareholders 18,34918,42218,42918,45918,53718,52018,50218,50118,49918,46819,09019,160

* 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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