Polson Ltd

₹ 13,499 -0.38%

03 May - close price

About

Incorporated in 1900, Polson Ltd does manufacturing and selling of Synthetic Organic Tanning Substance^[1]

Key Points

Business Overview:^[1]
Company is a manufacturer and exporter of natural based vegetable tannin extracts and eco friendly leather chemicals for domestic and export market

Website BSE

Market Cap ₹ 162 Cr.
Current Price ₹ 13,499
High / Low ₹ 17,160 / 10,111
Stock P/E 29.6
Book Value ₹ 5,984
Dividend Yield 0.00 %
ROCE 6.51 %
ROE 3.47 %
Face Value ₹ 50.0

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Pros

Company has reduced debt.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of -4.54% over past five years.
Company has a low return on equity of 5.77% over last 3 years.

* 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: Chemicals Industry: Dyes And Pigments

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Detailed Comparison with:

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
	29.86	22.96	25.57	32.96	20.81	18.20	27.96	19.45	16.55	19.89	29.66	22.25	20.29
	23.99	20.57	21.02	27.60	17.77	15.61	23.63	16.09	13.59	16.25	24.76	18.57	16.16
Operating Profit	5.87	2.39	4.55	5.36	3.04	2.59	4.33	3.36	2.96	3.64	4.90	3.68	4.13
OPM %	19.66%	10.41%	17.79%	16.26%	14.61%	14.23%	15.49%	17.28%	17.89%	18.30%	16.52%	16.54%	20.35%
	1.14	1.09	0.49	0.91	0.74	0.60	0.72	0.67	0.44	1.59	0.42	0.31	0.22
Interest	1.34	1.36	1.04	1.12	1.27	1.03	1.23	1.37	1.45	1.49	1.21	0.87	0.96
Depreciation	1.35	1.02	1.35	1.35	1.35	1.08	1.35	1.40	1.46	1.30	1.38	1.44	1.56
Profit before tax	4.32	1.10	2.65	3.80	1.16	1.08	2.47	1.26	0.49	2.44	2.73	1.68	1.83
Tax %	26.16%	-140.91%	26.42%	26.05%	28.45%	42.59%	26.32%	27.78%	18.37%	30.33%	26.37%	26.79%	24.04%
	3.20	2.64	1.96	2.82	0.84	0.62	1.82	0.92	0.40	1.69	2.02	1.23	1.40
EPS in Rs	160.00	132.00	98.00	141.00	42.00	31.00	91.00	46.00	20.00	84.50	101.00	61.50	70.00
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
	76.09	82.69	97.00	103.27	103.94	108.28	105.77	108.94	96.70	88.61	97.53	83.86	92.09
	68.16	74.51	84.67	90.89	88.84	89.17	87.22	92.74	80.11	72.97	81.97	69.58	75.74
Operating Profit	7.93	8.18	12.33	12.38	15.10	19.11	18.55	16.20	16.59	15.64	15.56	14.28	16.35
OPM %	10.42%	9.89%	12.71%	11.99%	14.53%	17.65%	17.54%	14.87%	17.16%	17.65%	15.95%	17.03%	17.75%
	5.33	8.82	2.78	6.92	21.88	6.57	9.93	6.09	4.85	3.98	2.73	3.43	2.54
Interest	4.66	6.41	7.32	7.57	8.72	6.56	6.70	6.91	6.50	5.71	4.47	5.55	4.53
Depreciation	2.06	2.58	2.56	2.16	3.06	3.25	3.68	4.02	4.53	4.77	5.13	5.51	5.68
Profit before tax	6.54	8.01	5.23	9.57	25.20	15.87	18.10	11.36	10.41	9.14	8.69	6.65	8.68
Tax %	32.26%	28.59%	45.12%	31.66%	35.91%	34.85%	39.67%	12.50%	31.80%	6.67%	28.19%	27.37%
	4.42	5.72	2.87	6.55	16.15	10.33	10.91	9.93	7.10	8.53	6.23	4.83	6.34
EPS in Rs	221.00	286.00	143.50	327.50	807.50	516.50	545.50	496.50	355.00	426.50	311.50	241.50	317.00
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:	0%
5 Years:	-5%
3 Years:	-5%
TTM:	12%

Compounded Profit Growth
10 Years:	-2%
5 Years:	-12%
3 Years:	-18%
TTM:	46%

Stock Price CAGR
10 Years:	21%
5 Years:	5%
3 Years:	13%
1 Year:	17%

Return on Equity
10 Years:	9%
5 Years:	7%
3 Years:	6%
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	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60
Reserves	28.83	34.51	38.79	45.31	61.45	69.06	80.10	90.04	95.63	104.17	110.59	115.58	119.07
	48.53	57.77	59.19	90.85	67.23	62.78	74.19	69.08	65.26	45.45	59.72	49.57	35.22
	11.77	17.60	18.47	43.30	24.91	31.44	24.95	22.12	22.37	21.32	21.14	15.19	22.34
Total Liabilities	89.73	110.48	117.05	180.06	154.19	163.88	179.84	181.84	183.86	171.54	192.05	180.94	177.23
	31.32	30.64	29.77	83.34	85.71	84.88	94.29	97.75	105.00	109.72	118.67	115.12	116.12
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	4.96	4.96	4.96	4.96	0.00	0.00	0.00	0.00	0.00	0.99	1.15	1.15	1.35
	53.45	74.88	82.32	91.76	68.48	79.00	85.55	84.09	78.86	60.83	72.23	64.67	59.76
Total Assets	89.73	110.48	117.05	180.06	154.19	163.88	179.84	181.84	183.86	171.54	192.05	180.94	177.23

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
	4.20	10.60	13.19	19.12	35.09	19.35	6.13	11.15	31.73	22.41	1.54	12.17
	-4.94	-14.13	-5.77	-45.87	-0.29	-8.67	-11.35	0.27	-21.92	3.31	-8.91	-0.07
	4.39	3.10	-7.20	23.16	-33.55	-10.79	5.37	-11.92	-9.89	-25.01	10.08	-15.21
Net Cash Flow	3.65	-0.43	0.22	-3.59	1.25	-0.10	0.16	-0.49	-0.08	0.72	2.71	-3.11

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	53.77	41.85	55.58	59.48	89.72	95.67	82.37	86.64	83.87	75.17	50.64	52.67
Inventory Days	87.19	117.65	97.42	68.25	18.30	50.26	131.51	126.27	84.58	71.96	254.06	255.70
Days Payable	45.36	62.37	72.00	79.58	74.81	93.64	97.67	82.96	99.13	134.17	109.11	51.48
Cash Conversion Cycle	95.60	97.13	81.00	48.15	33.22	52.28	116.21	129.95	69.32	12.97	195.59	256.89
Working Capital Days	87.45	132.82	138.47	59.20	85.61	75.20	107.25	126.95	87.27	77.89	118.45	148.38
ROCE %	15.69%	15.28%	13.13%	14.60%	14.34%	16.04%	13.42%	11.61%	10.54%	9.50%	8.13%	6.51%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%
	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.21%	0.21%	0.21%
	24.80%	24.80%	24.80%	24.80%	24.80%	24.80%	24.81%	24.80%	24.80%	24.81%	24.80%	24.81%
No. of Shareholders	3,979	4,079	3,988	3,995	3,981	3,936	3,896	3,840	3,772	3,632	3,582	3,587

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	84.33%	84.33%	74.99%	74.99%	74.98%	74.98%	74.98%	74.98%	74.98%
	0.06%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.21%
	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%
	15.40%	15.40%	24.79%	24.74%	24.80%	24.80%	24.80%	24.80%	24.81%
No. of Shareholders	2,003	2,140	3,584	3,908	3,916	3,855	3,995	3,840	3,587

* 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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Polson Ltd

Polson Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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