PBM Polytex Ltd

PBM Polytex Ltd

₹ 96.6 -1.77%
23 Feb - close price
About

Incorporated in 1919, PBM Polytex Ltd does manufacturing and processing of yarn[1]

Key Points

Business Overview:[1]
Company is a part of the Patodia family. It manufactures 100% cotton yarn which is sold domestically and in export market.

  • Market Cap 66.5 Cr.
  • Current Price 96.6
  • High / Low 114 / 76.0
  • Stock P/E
  • Book Value 176
  • Dividend Yield 0.00 %
  • ROCE -0.64 %
  • ROE -0.99 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.55 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.54% over past five years.
  • Company has a low return on equity of 6.96% over last 3 years.
  • Company's cost of borrowing seems high

* 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

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
47.39 58.47 52.83 74.93 63.03 64.58 49.20 50.10 51.24 51.67 44.87 50.72 43.86
45.84 50.46 44.58 63.97 55.53 59.11 42.48 50.85 55.54 51.82 47.40 54.52 46.30
Operating Profit 1.55 8.01 8.25 10.96 7.50 5.47 6.72 -0.75 -4.30 -0.15 -2.53 -3.80 -2.44
OPM % 3.27% 13.70% 15.62% 14.63% 11.90% 8.47% 13.66% -1.50% -8.39% -0.29% -5.64% -7.49% -5.56%
1.14 -0.35 0.70 0.80 0.89 0.50 0.24 0.38 1.07 1.39 0.57 0.30 1.73
Interest 0.16 0.20 0.26 0.28 0.23 0.14 0.23 0.09 0.14 0.12 0.17 0.09 0.09
Depreciation 0.89 0.89 0.81 0.81 0.82 0.85 0.83 0.84 0.90 0.89 0.90 0.91 0.89
Profit before tax 1.64 6.57 7.88 10.67 7.34 4.98 5.90 -1.30 -4.27 0.23 -3.03 -4.50 -1.69
Tax % -9.15% 21.61% 26.78% 25.21% 29.97% 17.87% 27.46% 22.31% 31.85% 126.09% 26.40% 23.56% 24.85%
1.80 5.16 5.77 7.99 5.15 4.09 4.29 -1.01 -2.91 -0.07 -2.23 -3.43 -1.27
EPS in Rs 2.62 7.50 8.39 11.62 7.49 5.95 6.24 -1.47 -4.23 -0.10 -3.24 -4.99 -1.85
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
220 217 232 217 192 179 197 211 171 154 255 202 191
210 187 197 196 178 168 189 204 171 148 223 201 200
Operating Profit 9 30 35 21 15 11 8 7 -0 6 32 2 -9
OPM % 4% 14% 15% 10% 8% 6% 4% 3% -0% 4% 13% 1% -5%
2 1 4 3 3 6 2 4 3 2 3 3 4
Interest 3 4 4 3 3 1 1 1 1 1 1 1 0
Depreciation 7 6 6 4 4 4 3 3 4 4 3 3 4
Profit before tax 1 21 30 17 11 13 6 7 -2 4 31 1 -9
Tax % 56% 36% 34% 37% 39% 23% -13% 35% 84% 27% 26% 46%
0 14 20 11 7 10 7 5 -0 3 23 0 -7
EPS in Rs 0.53 16.61 24.23 13.03 8.31 12.10 8.78 5.62 -0.39 4.56 33.44 0.44 -10.18
Dividend Payout % 284% 12% 10% 46% 36% 25% 40% 11% 0% 33% 12% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 1%
3 Years: 6%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: -257%
Stock Price CAGR
10 Years: 7%
5 Years: 5%
3 Years: 20%
1 Year: -6%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 7%
Last Year: -1%

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 8 8 8 8 8 8 8 8 7 7 7 7 7
Reserves 55 66 84 88 92 98 103 104 95 99 121 120 114
33 49 27 21 12 16 8 15 1 0 1 1 0
27 23 24 28 29 26 19 20 22 30 32 20 17
Total Liabilities 123 147 143 145 141 148 138 148 125 136 161 147 138
61 59 62 60 58 55 54 53 51 48 50 52 54
CWIP 0 1 0 0 0 0 0 0 0 0 1 0 0
Investments 4 5 5 24 24 20 14 33 13 3 4 5 36
57 81 75 60 59 72 70 61 62 85 106 91 49
Total Assets 123 147 143 145 141 148 138 148 125 136 161 147 138

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
30 -8 29 32 16 -1 4 23 2 -2 4 23
-6 -4 -8 -21 -1 5 6 -24 19 10 -5 -3
-25 15 -24 -9 -15 -1 -12 3 -26 -1 -2 -3
Net Cash Flow -0 2 -3 2 0 3 -2 2 -5 7 -2 17

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 13 16 11 13 11 18 14 24 21 24 20 32
Inventory Days 98 182 161 118 143 177 155 102 153 236 175 96
Days Payable 20 11 13 15 21 22 11 11 26 10 33 10
Cash Conversion Cycle 90 187 159 116 133 173 158 115 148 249 163 119
Working Capital Days 52 101 87 59 64 96 95 71 93 121 101 91
ROCE % 4% 23% 27% 16% 10% 10% 6% 5% -2% 4% 27% -1%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
69.85% 69.85% 69.85% 69.85% 69.85% 69.85% 69.85% 69.85% 69.85% 69.85% 69.35% 69.16%
0.00% 0.00% 0.00% 0.00% 0.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.15% 30.15% 30.15% 30.15% 30.00% 30.15% 30.14% 30.15% 30.14% 30.14% 30.65% 30.84%
No. of Shareholders 3,5043,6834,4144,2924,2894,3224,5574,6704,6724,7184,7994,758

* 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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