Axel Polymers Ltd

Axel Polymers Ltd

₹ 71.7 -3.55%
21 Feb - 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]

  • Market Cap 61.0 Cr.
  • Current Price 71.7
  • High / Low 76.0 / 39.8
  • Stock P/E 27.8
  • Book Value 17.1
  • Dividend Yield 0.00 %
  • ROCE 12.6 %
  • ROE 9.13 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 63.3 to 32.9 days.
  • Company's median sales growth is 16.8% of last 10 years
  • Company's working capital requirements have reduced from 145 days to 110 days

Cons

  • Stock is trading at 4.20 times its book value
  • 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 8.76% 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.

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Quarterly Results

Figures in Rs. Crores

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
6.88 8.05 7.94 17.94 12.59 24.18 18.82 21.45 17.74 27.18 25.81 30.92 38.65
6.43 7.25 7.52 16.92 11.64 23.13 17.79 20.42 16.58 25.29 24.28 29.53 37.18
Operating Profit 0.45 0.80 0.42 1.02 0.95 1.05 1.03 1.03 1.16 1.89 1.53 1.39 1.47
OPM % 6.54% 9.94% 5.29% 5.69% 7.55% 4.34% 5.47% 4.80% 6.54% 6.95% 5.93% 4.50% 3.80%
-0.00 0.01 -0.00 0.03 0.09 0.41 0.05 0.08 0.03 0.12 0.01 0.01 0.01
Interest 0.30 0.24 0.20 0.73 0.74 0.62 0.72 0.76 0.82 0.86 0.80 0.78 0.67
Depreciation 0.09 0.10 0.09 0.12 0.10 0.17 0.10 0.10 0.10 0.24 0.12 0.12 0.12
Profit before tax 0.06 0.47 0.13 0.20 0.20 0.67 0.26 0.25 0.27 0.91 0.62 0.50 0.69
Tax % -0.00% -14.89% -0.00% -0.00% -0.00% 64.18% -0.00% -0.00% -0.00% 54.95% -0.00% -0.00% 2.90%
0.06 0.53 0.13 0.20 0.20 0.25 0.26 0.25 0.27 0.41 0.62 0.50 0.67
EPS in Rs 0.14 1.23 0.30 0.23 0.23 0.29 0.31 0.29 0.32 0.48 0.73 0.59 0.79
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
9 7 6 16 19 22 27 24 23 48 73 85 123
8 7 6 15 17 21 26 23 22 44 69 80 116
Operating Profit 1 1 -0 1 1 1 1 2 1 4 4 5 6
OPM % 10% 9% -9% 9% 6% 5% 5% 7% 6% 8% 6% 6% 5%
0 0 0 0 0 0 0 0 0 0 1 0 0
Interest 1 1 1 1 1 1 1 1 1 3 3 3 3
Depreciation 0 0 0 0 0 0 0 0 0 0 0 1 1
Profit before tax 0 -0 -2 0 0 0 0 0 0 1 1 2 3
Tax % 14% -0% -0% -0% -0% 15% 17% -7% -12% -16% 31% 31%
0 -0 -2 0 0 0 0 0 0 1 1 1 2
EPS in Rs 0.14 -0.93 -4.14 0.28 0.35 0.51 0.53 1.09 0.21 1.53 1.08 1.39 2.59
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 28%
5 Years: 26%
3 Years: 55%
TTM: 49%
Compounded Profit Growth
10 Years: 17%
5 Years: 39%
3 Years: 136%
TTM: 114%
Stock Price CAGR
10 Years: 42%
5 Years: 38%
3 Years: 72%
1 Year: 60%
Return on Equity
10 Years: 5%
5 Years: 9%
3 Years: 9%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

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 4 4 4 4 4 4 4 4 4 9 9 9 9
Reserves -1 -2 -3 -3 -3 -3 -3 -2 -2 3 4 5 6
6 6 5 4 5 6 7 8 7 26 26 25 26
2 4 4 10 7 7 6 5 7 14 17 17 21
Total Liabilities 12 12 10 15 13 14 15 15 16 52 55 56 62
5 4 4 3 3 4 4 4 4 8 8 9 10
CWIP 0 0 0 0 0 -0 -0 -0 -0 -0 -0 -0 -0
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
7 8 6 12 10 10 12 11 13 44 48 47 52
Total Assets 12 12 10 15 13 14 15 15 16 52 55 56 62

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 0 1 0 -2 1 -1 1 1 -2 3 6
-0 -0 -0 -0 0 -1 -0 -1 -0 -0 -0 -2
2 -0 -1 -0 1 -1 1 -1 -1 1 -3 -4
Net Cash Flow 0 0 0 -0 -0 -0 0 -0 -0 -0 0 0

Ratios

Figures in Rs. Crores

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 103 135 159 123 86 34 37 26 33 100 57 33
Inventory Days 125 216 130 127 103 123 113 146 184 219 167 163
Days Payable 122 188 181 176 39 37 19 20 62 126 95 77
Cash Conversion Cycle 105 163 109 74 150 121 130 152 155 193 128 118
Working Capital Days 114 160 79 89 142 97 114 118 130 192 133 110
ROCE % 8% 4% -12% 18% 17% 17% 14% 15% 11% 17% 11% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
24.81% 24.81% 61.86% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.72%
0.46% 0.46% 0.23% 0.23% 0.23% 0.23% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24%
74.73% 74.73% 37.91% 37.87% 37.87% 37.87% 37.87% 37.87% 37.86% 37.86% 37.87% 38.04%
No. of Shareholders 10,22810,18810,27710,39510,33610,28110,23310,16310,14010,09410,11110,158

* 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.

Click on the line-items to see the names of individual entities.

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