Axel Polymers Ltd

₹ 34.5 -1.03%

11 Jun - close price

About

Incorporated in 1992, Axel Polymers Ltd is a manufacturer of Compounds, Blends, Alloys of Engineering, Specialty and commodity Polymers

Key Points

Product Profile:
a) Dplen - PBT Compounds^[1]
b) Dplon - Polycarbonate Compounds^[2]
c) Dpnor - mPPE Compounds^[3]
d) Dpnyl - Nylon Compounds^[4]
e) Dprex - Styrene Compounds^[5]
f) Dpron - Polypropylene Compounds^[6]
g) Utility Compounds^[7]

Website BSE

Market Cap ₹ 29.4 Cr.
Current Price ₹ 34.5
High / Low ₹ 74.5 / 27.7
Stock P/E 173
Book Value ₹ 17.8
Dividend Yield 0.00 %
ROCE 7.88 %
ROE 1.13 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Company has a low return on equity of 6.89% over last 3 years.
Debtor days have increased from 38.9 to 51.6 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

Industrials Capital Goods Industrial Products Plastic Products - Industrial

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	24.18	18.82	21.45	17.74	27.18	25.81	30.92	38.65	37.28	42.24	13.87	11.11	14.33
	23.13	17.79	20.42	16.58	25.29	24.28	29.53	37.18	35.85	41.93	13.72	10.95	11.03
Operating Profit	1.05	1.03	1.03	1.16	1.89	1.53	1.39	1.47	1.43	0.31	0.15	0.16	3.30
OPM %	4.34%	5.47%	4.80%	6.54%	6.95%	5.93%	4.50%	3.80%	3.84%	0.73%	1.08%	1.44%	23.03%
	0.41	0.05	0.08	0.03	0.12	0.01	0.01	0.01	0.01	0.03	0.01	0.01	0.09
Interest	0.62	0.72	0.76	0.82	0.86	0.80	0.78	0.67	0.62	0.75	0.85	0.81	0.82
Depreciation	0.17	0.10	0.10	0.10	0.24	0.12	0.12	0.12	0.34	0.12	0.12	0.12	0.20
Profit before tax	0.67	0.26	0.25	0.27	0.91	0.62	0.50	0.69	0.48	-0.53	-0.81	-0.76	2.37
Tax %	64.18%	0.00%	0.00%	0.00%	54.95%	0.00%	0.00%	2.90%	114.58%	0.00%	0.00%	0.00%	5.91%
	0.25	0.26	0.25	0.27	0.41	0.62	0.50	0.67	-0.07	-0.53	-0.81	-0.76	2.23
EPS in Rs	0.29	0.31	0.29	0.32	0.48	0.73	0.59	0.79	-0.08	-0.62	-0.95	-0.89	2.62
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	5.56	16.19	18.53	21.94	26.97	24.37	22.90	48.32	72.91	82.65	127.92	78.09
	6.05	14.74	17.37	20.81	25.65	22.71	21.51	44.41	68.80	77.53	122.13	74.13
Operating Profit	-0.49	1.45	1.16	1.13	1.32	1.66	1.39	3.91	4.11	5.12	5.79	3.96
OPM %	-8.81%	8.96%	6.26%	5.15%	4.89%	6.81%	6.07%	8.09%	5.64%	6.19%	4.53%	5.07%
	0.03	0.04	0.08	0.27	0.04	0.02	0.02	0.40	0.55	0.28	0.04	0.14
Interest	0.87	0.88	0.84	0.93	0.79	0.91	0.97	3.32	2.84	3.16	2.84	3.23
Depreciation	0.45	0.48	0.25	0.21	0.28	0.33	0.36	0.42	0.48	0.54	0.70	0.56
Profit before tax	-1.78	0.13	0.15	0.26	0.29	0.44	0.08	0.57	1.34	1.70	2.29	0.31
Tax %	0.00%	0.00%	0.00%	15.38%	17.24%	-6.82%	-12.50%	-15.79%	31.34%	30.59%	31.88%	45.16%
	-1.78	0.12	0.15	0.22	0.23	0.47	0.09	0.66	0.92	1.18	1.56	0.17
EPS in Rs	-4.14	0.28	0.35	0.51	0.53	1.09	0.21	1.53	1.08	1.39	1.83	0.20
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:	17%
5 Years:	28%
3 Years:	2%
TTM:	-39%

Compounded Profit Growth
10 Years:	4%
5 Years:	14%
3 Years:	-43%
TTM:	-89%

Stock Price CAGR
10 Years:	17%
5 Years:	38%
3 Years:	-3%
1 Year:	-49%

Return on Equity
10 Years:	8%
5 Years:	7%
3 Years:	7%
Last Year:	1%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.30	4.30	4.30	4.30	4.30	4.30	4.30	8.52	8.52	8.52	8.52	8.52
Reserves	-3.31	-3.44	-3.29	-3.09	-2.84	-2.37	-2.31	2.90	3.81	5.01	6.47	6.62
	5.00	4.38	5.46	5.69	7.46	7.55	7.46	25.90	25.94	25.19	25.67	34.08
	3.98	10.22	6.66	6.96	6.30	5.06	6.86	14.25	17.09	16.50	23.81	18.20
Total Liabilities	9.97	15.46	13.13	13.86	15.22	14.54	16.31	51.57	55.36	55.22	64.47	67.42
	3.72	3.03	2.81	3.50	3.60	3.86	3.66	7.83	7.71	8.84	9.77	10.18
CWIP	0.30	0.30	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	5.95	12.13	10.31	10.36	11.62	10.68	12.65	43.74	47.65	46.38	54.70	57.24
Total Assets	9.97	15.46	13.13	13.86	15.22	14.54	16.31	51.57	55.36	55.22	64.47	67.42

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1.29	0.22	-1.77	1.14	-0.62	1.39	1.22	-1.73	3.20	5.97	3.46	-3.66
	-0.10	-0.47	0.20	-0.70	-0.34	-0.58	-0.14	-0.01	-0.19	-1.57	-1.59	-0.87
	-0.97	-0.08	1.08	-0.70	0.97	-0.81	-1.08	1.34	-2.81	-3.57	-1.92	5.69
Net Cash Flow	0.22	-0.34	-0.50	-0.27	0.02	0.00	0.00	-0.39	0.21	0.84	-0.05	1.16

Ratios

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	158.87	123.32	86.08	33.94	36.68	26.36	33.47	100.01	57.02	33.87	31.19	51.56
Inventory Days	130.41	127.01	102.73	123.25	113.12	146.24	184.09	218.96	166.83	168.33	125.70	215.52
Days Payable	180.68	175.90	38.81	36.63	19.49	20.20	62.21	125.81	95.43	80.23	71.47	91.43
Cash Conversion Cycle	108.60	74.43	150.00	120.56	130.30	152.40	155.35	193.16	128.43	121.97	85.42	175.64
Working Capital Days	78.78	89.05	141.63	96.66	114.22	118.02	129.90	192.09	132.86	113.41	77.75	158.97
ROCE %	-12.36%	17.99%	16.91%	17.35%	13.65%	14.67%	11.09%	16.63%	11.06%	12.63%	12.93%	7.88%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	61.90%	61.90%	61.90%	61.90%	61.90%	61.90%	61.72%	61.26%	61.26%	61.16%	61.16%	61.16%
	0.23%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%
	37.87%	37.87%	37.87%	37.86%	37.86%	37.87%	38.04%	38.51%	38.51%	38.61%	38.61%	38.61%
No. of Shareholders	10,281	10,233	10,163	10,140	10,094	10,111	10,158	10,221	10,199	10,158	10,139	10,105

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	22.76%	24.79%	24.81%	24.81%	24.81%	61.90%	61.90%	61.26%	61.16%
	0.46%	0.46%	0.46%	0.46%	0.46%	0.23%	0.24%	0.24%	0.24%
	76.78%	74.75%	74.73%	74.73%	74.73%	37.87%	37.86%	38.51%	38.61%
No. of Shareholders	11,063	10,734	10,616	10,424	10,228	10,336	10,140	10,221	10,105

* 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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Axel Polymers Ltd

Axel Polymers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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