PBM Polytex Ltd

₹ 118 1.03%
05 Dec 4:01 p.m.
About

PBM Polytex Ltd. is engaged in the manufacturing and processing of yarn. [1]

Key Points

History
PBM Polytex Limited was incorporated in 1919 in the name of ‘The Petlad Bulakhidas Mills Co. Ltd’. The management of the company was taken over by ‘The House of Patodias’ in 1978 and the name of the company was changed to PBM Polytex Ltd. [1]

  • Market Cap 81.2 Cr.
  • Current Price 118
  • High / Low 199 / 100
  • Stock P/E 6.48
  • Book Value 188
  • Dividend Yield 3.39 %
  • ROCE 26.6 %
  • ROE 19.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.63 times its book value
  • Stock is providing a good dividend yield of 3.39%.
  • Company has delivered good profit growth of 22.0% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 7.40% over past five years.
  • Company has a low return on equity of 7.28% 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
38.14 38.12 45.44 15.73 32.44 47.39 58.47 52.83 74.93 63.03 64.58 49.20 50.10
38.68 38.87 45.56 18.35 33.24 45.84 50.46 44.58 63.97 55.53 59.11 42.48 50.85
Operating Profit -0.54 -0.75 -0.12 -2.62 -0.80 1.55 8.01 8.25 10.96 7.50 5.47 6.72 -0.75
OPM % -1.42% -1.97% -0.26% -16.66% -2.47% 3.27% 13.70% 15.62% 14.63% 11.90% 8.47% 13.66% -1.50%
0.36 1.11 0.93 0.99 0.54 1.14 -0.35 0.70 0.80 0.89 0.50 0.24 0.38
Interest 0.15 0.20 0.13 0.06 0.18 0.16 0.20 0.26 0.28 0.23 0.14 0.23 0.09
Depreciation 0.85 0.86 1.01 0.88 0.88 0.89 0.89 0.81 0.81 0.82 0.85 0.83 0.84
Profit before tax -1.18 -0.70 -0.33 -2.57 -1.32 1.64 6.57 7.88 10.67 7.34 4.98 5.90 -1.30
Tax % 83.90% -35.71% 178.79% 24.51% -41.67% -9.15% 21.61% 26.78% 25.21% 29.97% 17.87% 27.46% 22.31%
Net Profit -0.20 -0.95 0.27 -1.94 -1.87 1.80 5.16 5.77 7.99 5.15 4.09 4.29 -1.01
EPS in Rs -0.29 -1.38 0.39 -2.82 -2.72 2.62 7.50 8.39 11.62 7.49 5.95 6.24 -1.47
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
193 220 217 232 217 192 179 197 211 171 154 255 227
160 210 187 197 196 178 168 189 204 171 148 223 208
Operating Profit 33 9 30 35 21 15 11 8 7 -0 6 32 19
OPM % 17% 4% 14% 15% 10% 8% 6% 4% 3% -0% 4% 13% 8%
1 2 1 4 3 3 6 2 4 3 2 3 2
Interest 4 3 4 4 3 3 1 1 1 1 1 1 1
Depreciation 7 7 6 6 4 4 4 3 3 4 4 3 3
Profit before tax 23 1 21 30 17 11 13 6 7 -2 4 31 17
Tax % 35% 56% 36% 34% 37% 39% 23% -13% 35% 84% 27% 26%
Net Profit 15 0 14 20 11 7 10 7 5 -0 3 23 13
EPS in Rs 18.56 0.53 16.61 24.23 13.03 8.31 12.10 8.78 5.62 -0.39 4.56 33.44 18.21
Dividend Payout % 5% 284% 12% 10% 46% 36% 25% 40% 11% -0% 33% 12%
Compounded Sales Growth
10 Years: 2%
5 Years: 7%
3 Years: 7%
TTM: -3%
Compounded Profit Growth
10 Years: 44%
5 Years: 22%
3 Years: 87%
TTM: -40%
Stock Price CAGR
10 Years: 13%
5 Years: 2%
3 Years: 48%
1 Year: -22%
Return on Equity
10 Years: 9%
5 Years: 6%
3 Years: 7%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
8 8 8 8 8 8 8 8 8 7 7 7 7
Reserves 56 55 66 84 88 92 98 103 104 95 99 121 122
52 33 49 27 21 12 16 8 15 1 0 1 2
32 27 23 24 28 29 26 19 20 22 30 32 24
Total Liabilities 148 123 147 143 145 141 148 138 148 125 136 161 155
64 61 59 62 60 58 55 54 53 51 48 50 52
CWIP 0 0 1 0 0 0 0 -0 -0 0 0 1 0
Investments 3 4 5 5 24 24 20 14 33 13 3 4 46
81 57 81 75 60 59 72 70 61 62 85 106 58
Total Assets 148 123 147 143 145 141 148 138 148 125 136 161 155

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
10 30 -8 29 32 16 -1 4 23 2 -2 4
-7 -6 -4 -8 -21 -1 5 6 -24 19 10 -5
-2 -25 15 -24 -9 -15 -1 -12 3 -26 -1 -2
Net Cash Flow 1 -0 2 -3 2 0 3 -2 2 -5 7 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 29 13 16 11 13 11 18 14 24 21 24 20
Inventory Days 199 98 182 161 118 143 177 155 102 153 236 175
Days Payable 30 20 11 13 15 21 22 11 11 26 10 33
Cash Conversion Cycle 197 90 187 159 116 133 173 158 115 148 249 163
Working Capital Days 105 52 101 87 59 64 96 95 71 93 121 101
ROCE % 24% 4% 23% 27% 16% 10% 10% 6% 5% -2% 4% 27%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
69.85 69.85 69.85 69.85 69.85 69.85 69.85 69.85 69.85 69.85 69.85 69.85
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.15 0.00 0.00
30.14 30.14 30.14 30.14 30.15 30.15 30.15 30.15 30.15 30.00 30.15 30.14

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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