PBM Polytex Ltd

PBM Polytex Ltd

₹ 86.7 2.93%
24 Jun - 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 59.6 Cr.
  • Current Price 86.7
  • High / Low 114 / 71.7
  • Stock P/E
  • Book Value 172
  • Dividend Yield 0.00 %
  • ROCE -6.59 %
  • ROE -5.32 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.50 times its book value
  • Debtor days have improved from 23.5 to 18.4 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.91% over past five years.
  • Company has a low return on equity of 3.85% 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.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
58.47 52.83 74.93 63.03 64.58 49.20 50.10 51.24 51.67 44.87 50.72 43.86 52.12
50.50 44.58 63.97 55.53 59.11 41.60 51.43 55.32 52.28 47.40 54.14 46.41 52.24
Operating Profit 7.97 8.25 10.96 7.50 5.47 7.60 -1.33 -4.08 -0.61 -2.53 -3.42 -2.55 -0.12
OPM % 13.63% 15.62% 14.63% 11.90% 8.47% 15.45% -2.65% -7.96% -1.18% -5.64% -6.74% -5.81% -0.23%
0.20 0.19 0.45 0.48 0.36 0.24 0.61 0.84 1.39 0.37 0.50 1.73 1.63
Interest 0.20 0.26 0.28 0.23 0.14 0.23 0.09 0.14 0.12 0.17 0.09 0.09 0.20
Depreciation 0.89 0.81 0.81 0.82 0.85 0.83 0.84 0.90 0.89 0.90 0.91 0.89 0.96
Profit before tax 7.08 7.37 10.32 6.93 4.84 6.78 -1.65 -4.28 -0.23 -3.23 -3.92 -1.80 0.35
Tax % 21.89% 26.87% 25.19% 30.16% 17.77% 27.14% 23.03% 31.78% -73.91% 26.32% 23.21% 25.00% 17.14%
5.54 5.39 7.73 4.84 3.99 4.95 -1.28 -2.92 -0.41 -2.38 -3.00 -1.35 0.28
EPS in Rs 8.05 7.84 11.24 7.04 5.80 7.20 -1.86 -4.24 -0.60 -3.46 -4.36 -1.96 0.41
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
217 192 179 197 211 171 154 255 202 192
196 178 170 192 204 174 149 223 201 200
Operating Profit 21 15 9 5 7 -3 5 32 2 -9
OPM % 10% 8% 5% 2% 3% -2% 3% 13% 1% -4%
3 3 4 3 4 3 2 1 3 4
Interest 3 3 1 1 1 1 1 1 1 1
Depreciation 4 4 4 3 3 4 4 3 3 4
Profit before tax 17 11 8 3 6 -4 3 29 1 -9
Tax % 37% 39% 28% -20% 51% 38% 28% 26% 46% 25%
10 5 5 4 3 -3 2 22 0 -6
EPS in Rs 12.02 6.63 6.74 4.69 3.94 -3.84 3.15 31.89 0.49 -9.38
Dividend Payout % 25% 45% 45% 75% 15% 0% 48% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -2%
3 Years: 8%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -438%
Stock Price CAGR
10 Years: 2%
5 Years: 5%
3 Years: 0%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 4%
Last Year: -5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8 7 7 7 7 7
Reserves 102 104 103 105 107 95 98 119 117 111
21 12 16 8 15 1 0 1 1 1
28 29 25 19 21 22 30 32 19 24
Total Liabilities 159 154 152 139 150 125 135 158 144 144
60 58 55 54 53 51 48 50 52 55
CWIP 0 0 0 0 0 0 0 1 0 0
Investments 38 36 25 15 36 12 1 1 2 8
60 59 72 70 61 62 85 106 91 80
Total Assets 159 154 152 139 150 125 135 158 144 144

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
32 16 -1 4 23 2 -2 4 23 -11
-21 -1 5 6 -24 19 10 -5 -3 -9
-9 -15 -1 -12 3 -26 -1 -2 -3 0
Net Cash Flow 2 0 3 -2 2 -5 7 -2 17 -20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 13 11 18 14 24 21 24 20 32 18
Inventory Days 118 143 177 155 102 153 236 175 96 148
Days Payable 15 21 22 11 11 26 10 33 10 6
Cash Conversion Cycle 116 133 173 158 115 148 249 163 119 160
Working Capital Days 59 64 96 95 71 93 121 101 91 118
ROCE % 9% 5% 2% 4% -4% 3% 26% -1%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.85% 69.85% 69.85% 69.85% 69.85% 69.85% 69.85% 69.85% 69.85% 69.35% 69.16% 69.16%
0.00% 0.00% 0.00% 0.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.15% 30.15% 30.15% 30.00% 30.15% 30.14% 30.15% 30.14% 30.14% 30.65% 30.84% 30.84%
No. of Shareholders 3,6834,4144,2924,2894,3224,5574,6704,6724,7184,7994,7584,650

* 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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