Dutron Polymers Ltd
Incorporated in 1981, Dutron Polymers Ltd manufactures Plastic Pipes and Fittings[1]
- Market Cap ₹ 95.7 Cr.
- Current Price ₹ 160
- High / Low ₹ 178 / 114
- Stock P/E 31.6
- Book Value ₹ 44.5
- Dividend Yield 0.88 %
- ROCE 13.6 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 31.0%
- Debtor days have improved from 43.4 to 31.2 days.
Cons
- Stock is trading at 3.59 times its book value
- The company has delivered a poor sales growth of 6.33% over past five years.
- Company has a low return on equity of 11.7% 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.
Peer comparison
Sector: Plastic products Industry: Plastics Products
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
62 | 80 | 82 | 88 | 105 | 87 | 97 | 106 | 89 | 94 | 125 | 132 | 121 | |
58 | 76 | 78 | 84 | 99 | 82 | 92 | 101 | 85 | 89 | 119 | 126 | 116 | |
Operating Profit | 4 | 4 | 4 | 4 | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 6 | 6 |
OPM % | 6% | 5% | 5% | 4% | 5% | 6% | 5% | 5% | 5% | 5% | 4% | 4% | 5% |
0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | |
Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
Tax % | 34% | 37% | 32% | 31% | 29% | 33% | 35% | 26% | 25% | 24% | 20% | 28% | |
1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | |
EPS in Rs | 1.68 | 1.92 | 2.08 | 2.82 | 3.27 | 3.05 | 3.03 | 3.50 | 3.28 | 3.80 | 4.83 | 4.30 | 5.05 |
Dividend Payout % | 71% | 73% | 67% | 50% | 43% | 46% | 46% | 40% | 37% | 32% | 29% | 33% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | 14% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 15% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 7% |
3 Years: | 5% |
1 Year: | 27% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 12% |
Last Year: | 11% |
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 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 8 | 8 | 8 | 9 | 10 | 10 | 11 | 11 | 13 | 15 | 17 | 19 | 21 |
9 | 11 | 11 | 14 | 15 | 16 | 23 | 17 | 15 | 13 | 13 | 10 | 8 | |
9 | 5 | 7 | 6 | 5 | 6 | 8 | 5 | 5 | 5 | 6 | 5 | 8 | |
Total Liabilities | 32 | 30 | 32 | 34 | 35 | 38 | 48 | 39 | 38 | 39 | 42 | 40 | 43 |
9 | 8 | 7 | 7 | 9 | 9 | 8 | 9 | 9 | 9 | 8 | 8 | 7 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 |
22 | 22 | 25 | 27 | 27 | 27 | 38 | 28 | 27 | 30 | 34 | 32 | 36 | |
Total Assets | 32 | 30 | 32 | 34 | 35 | 38 | 48 | 39 | 38 | 39 | 42 | 40 | 43 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 2 | 1 | -1 | 4 | 3 | -5 | 8 | 3 | 6 | 2 | 8 | |
-0 | -0 | -0 | -0 | -3 | -2 | -0 | -1 | -1 | -1 | -1 | -0 | |
-3 | -2 | -1 | 1 | -1 | -1 | 5 | -7 | -2 | -3 | -2 | -7 | |
Net Cash Flow | -0 | -0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 3 | -2 | 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 | 54 | 42 | 39 | 57 | 42 | 40 | 85 | 46 | 42 | 45 | 54 | 31 |
Inventory Days | 97 | 70 | 86 | 65 | 54 | 81 | 62 | 50 | 72 | 59 | 38 | 43 |
Days Payable | 59 | 16 | 26 | 17 | 11 | 14 | 16 | 0 | 7 | 5 | 10 | 8 |
Cash Conversion Cycle | 92 | 96 | 99 | 105 | 85 | 107 | 131 | 97 | 107 | 99 | 82 | 67 |
Working Capital Days | 74 | 73 | 75 | 85 | 75 | 91 | 118 | 83 | 95 | 82 | 72 | 59 |
ROCE % | 12% | 12% | 12% | 10% | 14% | 13% | 12% | 11% | 11% | 13% | 13% | 14% |
Documents
Announcements
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Journey[1]
Incorporated in 1981, Co. had a Production Technology license from Wavin Overseas, Netherlands for the manufacture of HDPE, PVC pipes till 2006