Gujarat Poly Electronics Ltd

Gujarat Poly Electronics Ltd

₹ 64.2 9.65%
09 Jun 1:03 p.m.
About

Incorporated in 1992, Gujarat POLY Electronics Ltd (GPEL) manufactures and trades Multilayer and Single-layer Ceramic Capacitors[1]

Key Points

Business Overview:[1][2]
Company manufactures Capacitors and Varistors. It deals in Active and Passive electronic components, specializing in Ceramic Capacitors both low & high voltage Single Layer (Disc) and Multilayer (MLCC) in Radial, Axial and SMD configurations. Company outsources these products through import suppliers and have also started marketing /trading other types of capacitors & Diodes for Diotec Semiconductors as a dealer

  • Market Cap 54.9 Cr.
  • Current Price 64.2
  • High / Low 79.0 / 24.4
  • Stock P/E 10.4
  • Book Value 8.35
  • Dividend Yield 0.00 %
  • ROCE 111 %
  • ROE 116 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 51.2% CAGR over last 5 years

Cons

  • Stock is trading at 7.77 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 2.09% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.4.44 Cr.
  • Promoter holding has decreased over last 3 years: -5.81%

* 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
3.48 1.31 3.30 3.96 5.05 3.54 3.85 4.15 3.75 4.01 3.98 3.90 4.08
3.24 1.75 3.12 3.53 4.21 3.20 3.37 3.60 3.47 3.67 3.69 3.56 3.96
Operating Profit 0.24 -0.44 0.18 0.43 0.84 0.34 0.48 0.55 0.28 0.34 0.29 0.34 0.12
OPM % 6.90% -33.59% 5.45% 10.86% 16.63% 9.60% 12.47% 13.25% 7.47% 8.48% 7.29% 8.72% 2.94%
0.03 0.04 0.05 0.05 0.05 0.06 0.07 0.06 0.01 0.05 2.85 0.11 1.43
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.04 0.05 0.05 0.06 0.05 0.06 0.05 0.05 0.05 0.05 0.05 0.05 0.06
Profit before tax 0.23 -0.45 0.18 0.42 0.84 0.34 0.50 0.56 0.24 0.34 3.09 0.40 1.49
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 0.22 -0.45 0.18 0.42 0.83 0.35 0.49 0.56 0.23 0.33 3.08 0.39 1.49
EPS in Rs 0.26 -0.53 0.21 0.49 0.97 0.41 0.57 0.65 0.27 0.39 3.60 0.46 1.74
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
8.34 9.55 10.29 11.16 11.53 12.21 14.40 22.55 13.60 13.61 15.29 15.97
7.88 9.16 9.66 10.68 10.50 11.59 13.20 16.51 12.20 12.49 13.60 14.87
Operating Profit 0.46 0.39 0.63 0.48 1.03 0.62 1.20 6.04 1.40 1.12 1.69 1.10
OPM % 5.52% 4.08% 6.12% 4.30% 8.93% 5.08% 8.33% 26.78% 10.29% 8.23% 11.05% 6.89%
-0.85 -2.01 0.04 0.06 0.05 -0.01 0.08 -0.16 0.03 0.10 0.17 4.44
Interest 0.10 0.26 0.51 0.58 0.56 0.54 0.51 0.31 0.02 0.01 0.01 0.02
Depreciation 0.26 0.20 0.16 0.14 0.13 0.12 0.10 0.14 0.19 0.22 0.21 0.22
Profit before tax -0.75 -2.08 0.00 -0.18 0.39 -0.05 0.67 5.43 1.22 0.99 1.64 5.30
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -0.75 -2.08 0.00 -0.17 0.39 -0.04 0.67 5.42 1.22 0.99 1.63 5.30
EPS in Rs -0.88 -2.43 0.00 -0.20 0.46 -0.05 0.78 6.34 1.43 1.16 1.91 6.20
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 5%
5 Years: 2%
3 Years: 6%
TTM: 4%
Compounded Profit Growth
10 Years: 55%
5 Years: 51%
3 Years: 60%
TTM: 225%
Stock Price CAGR
10 Years: 28%
5 Years: 32%
3 Years: 98%
1 Year: 76%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 116%

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
18.37 18.37 18.37 18.37 18.37 8.55 8.55 8.55 8.55 8.55 8.55 8.55
Reserves -14.37 -16.45 -16.44 -16.63 -16.24 -16.48 -15.80 -10.39 -9.22 -8.17 -6.58 -1.41
0.79 2.76 4.47 4.46 4.70 4.46 4.42 0.80 0.14 0.11 0.07 0.40
12.99 12.83 11.41 11.97 11.85 12.10 11.80 10.83 11.12 11.71 10.90 11.49
Total Liabilities 7.96 7.69 7.99 8.35 8.86 8.63 8.97 9.79 10.59 12.20 12.94 19.03
2.47 2.28 2.20 2.11 2.00 1.78 1.69 1.78 2.13 1.95 1.82 1.65
CWIP 0.00 0.00 0.00 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 8.03
5.49 5.41 5.79 6.24 6.86 6.85 7.28 8.01 8.46 10.25 11.12 9.35
Total Assets 7.96 7.69 7.99 8.35 8.86 8.63 8.97 9.79 10.59 12.20 12.94 19.03

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
1.19 0.23 0.19 0.36 1.11 0.15 1.13 4.59 3.01 0.55 0.91 0.79
-0.09 -0.01 -0.07 -0.06 0.01 -0.01 -0.01 -0.70 -0.27 -0.24 -1.27 -0.77
-1.13 -0.29 -0.02 -0.28 -1.06 -0.27 -1.06 -3.93 -0.81 -0.01 -0.01 -0.07
Net Cash Flow -0.03 -0.07 0.10 0.03 0.06 -0.13 0.06 -0.05 1.93 0.30 -0.37 -0.06

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 105.47 96.70 96.84 98.12 102.25 89.68 102.15 78.50 97.69 118.00 87.13 104.68
Inventory Days 209.23 168.46 160.75 151.20 144.82 148.65 116.59 72.88 92.72 103.42 117.49 108.89
Days Payable 93.92 68.56 48.34 49.87 74.38 37.05 39.14 2.96 12.66 33.18 1.57 4.30
Cash Conversion Cycle 220.78 196.60 209.24 199.45 172.69 201.28 179.60 148.42 177.75 188.24 203.05 209.27
Working Capital Days 94.97 89.05 144.37 132.46 149.42 -159.63 -118.37 -46.62 -124.80 -117.20 -83.79 -66.97
ROCE % 11.44% 4.01% 9.21% 6.35% 14.27% 36.31% 130.43% 111.06%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
59.80 59.80 59.80 59.80 59.80 59.80 59.80 59.25 58.91 58.06 53.99 53.99
0.65 0.65 0.65 0.65 0.65 0.02 0.02 0.02 0.02 0.02 0.02 0.02
39.55 39.55 39.55 39.55 39.55 40.18 40.18 40.74 41.07 41.91 46.00 45.99

* 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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