Ashish Polyplast Ltd
₹ 34.7
-4.99%
26 Apr
- close price
About
Established in 1994, Ashish Polyplast Limited manufactures and exports Premium Braided Hoses and Flexible PVC Hoses. The company offers Premium Braided Hose under the brand name of REAL ON which is the industrial high pressure nylon, reinforced flexible hose.
Key Points
- Market Cap ₹ 11.8 Cr.
- Current Price ₹ 34.7
- High / Low ₹ 39.4 / 15.3
- Stock P/E 14.0
- Book Value ₹ 19.1
- Dividend Yield 0.00 %
- ROCE 16.0 %
- ROE 13.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company's working capital requirements have reduced from 58.1 days to 38.9 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 2.70% over past five years.
- Company has a low return on equity of 7.04% over last 3 years.
- Earnings include an other income of Rs.0.76 Cr.
* 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
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9.15 | 8.89 | 10.50 | 11.01 | 12.22 | 12.82 | 13.95 | 12.73 | 12.71 | 16.24 | 16.03 | 15.94 | |
| 8.51 | 8.39 | 10.00 | 10.47 | 11.64 | 12.27 | 13.35 | 12.29 | 12.27 | 15.63 | 15.43 | 15.33 | |
| Operating Profit | 0.64 | 0.50 | 0.50 | 0.54 | 0.58 | 0.55 | 0.60 | 0.44 | 0.44 | 0.61 | 0.60 | 0.61 |
| OPM % | 6.99% | 5.62% | 4.76% | 4.90% | 4.75% | 4.29% | 4.30% | 3.46% | 3.46% | 3.76% | 3.74% | 3.83% |
| -0.00 | 0.01 | 0.05 | -0.00 | 0.03 | 0.04 | -0.07 | 0.02 | 0.24 | 0.21 | 0.03 | 0.76 | |
| Interest | 0.16 | 0.22 | 0.23 | 0.19 | 0.18 | 0.15 | 0.12 | 0.10 | 0.04 | 0.11 | 0.11 | 0.11 |
| Depreciation | 0.16 | 0.18 | 0.17 | 0.17 | 0.19 | 0.19 | 0.20 | 0.21 | 0.21 | 0.23 | 0.26 | 0.28 |
| Profit before tax | 0.32 | 0.11 | 0.15 | 0.18 | 0.24 | 0.25 | 0.21 | 0.15 | 0.43 | 0.48 | 0.26 | 0.98 |
| Tax % | 53.12% | -36.36% | 20.00% | 44.44% | 29.17% | 12.00% | 52.38% | -0.00% | 23.26% | 35.42% | 26.92% | 14.29% |
| 0.15 | 0.16 | 0.12 | 0.10 | 0.17 | 0.22 | 0.11 | 0.15 | 0.33 | 0.32 | 0.19 | 0.84 | |
| EPS in Rs | 0.44 | 0.47 | 0.35 | 0.29 | 0.50 | 0.65 | 0.32 | 0.44 | 0.97 | 0.94 | 0.56 | 2.47 |
| Dividend Payout % | 37.40% | -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: | 6% |
| 5 Years: | 3% |
| 3 Years: | 8% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 41% |
| 3 Years: | 82% |
| TTM: | 342% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 39% |
| 3 Years: | 61% |
| 1 Year: | 95% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 |
| Reserves | 0.95 | 1.14 | 1.21 | 1.31 | 0.94 | 1.16 | 1.27 | 1.44 | 1.76 | 2.06 | 2.23 | 3.08 |
| 1.77 | 2.01 | 1.73 | 1.07 | 1.63 | 1.51 | 0.99 | 0.71 | 0.39 | 1.01 | 1.48 | 0.08 | |
| 1.36 | 0.90 | 1.17 | 1.76 | 1.60 | 1.25 | 1.19 | 1.14 | 1.00 | 1.03 | 0.87 | 1.66 | |
| Total Liabilities | 7.48 | 7.45 | 7.51 | 7.54 | 7.57 | 7.32 | 6.85 | 6.69 | 6.55 | 7.50 | 7.98 | 8.22 |
| 2.01 | 1.99 | 1.81 | 1.85 | 1.83 | 1.74 | 2.02 | 1.95 | 1.74 | 2.15 | 2.62 | 2.42 | |
| 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 | 0.34 | 0.41 | 0.59 | 0.94 | 1.26 | 1.38 | 2.07 |
| 5.47 | 5.46 | 5.70 | 5.69 | 5.74 | 5.24 | 4.42 | 4.15 | 3.87 | 4.09 | 3.98 | 3.73 | |
| Total Assets | 7.48 | 7.45 | 7.51 | 7.54 | 7.57 | 7.32 | 6.85 | 6.69 | 6.55 | 7.50 | 7.98 | 8.22 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.13 | 0.28 | 0.17 | 1.15 | -0.20 | 0.62 | 1.14 | 0.72 | 0.45 | 0.28 | 0.73 | 1.72 | |
| -0.34 | -0.12 | -0.05 | -0.22 | -0.14 | -0.40 | -0.52 | -0.33 | -0.12 | -0.75 | -0.82 | -0.05 | |
| 0.59 | -0.03 | -0.43 | -0.85 | 0.31 | -0.30 | -0.62 | -0.37 | -0.30 | 0.51 | 0.35 | -1.28 | |
| Net Cash Flow | 0.12 | 0.13 | -0.31 | 0.08 | -0.02 | -0.08 | -0.01 | 0.02 | 0.03 | 0.05 | 0.26 | 0.39 |
Ratios
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81.38 | 69.39 | 69.18 | 59.01 | 65.71 | 64.06 | 53.38 | 54.76 | 38.77 | 34.16 | 31.88 | 28.85 |
| Inventory Days | 103.52 | 117.68 | 110.04 | 109.10 | 92.14 | 86.62 | 68.13 | 65.29 | 68.83 | 60.92 | 55.55 | 41.80 |
| Days Payable | 37.91 | 15.46 | 26.16 | 45.23 | 26.33 | 22.15 | 18.86 | 18.61 | 17.54 | 11.01 | 13.10 | 23.96 |
| Cash Conversion Cycle | 146.99 | 171.61 | 153.06 | 122.88 | 131.53 | 128.53 | 102.65 | 101.45 | 90.06 | 84.07 | 74.33 | 46.69 |
| Working Capital Days | 123.26 | 146.99 | 138.00 | 109.07 | 102.45 | 108.48 | 85.56 | 82.86 | 76.68 | 69.67 | 65.58 | 38.93 |
| ROCE % | 8.45% | 5.21% | 5.90% | 6.27% | 7.15% | 6.64% | 6.99% | 4.46% | 4.32% | 6.49% | 5.45% |
Documents
Announcements
- Financial Results As On 31St March 2024. 1d
- Board Meeting Outcome for Outcome Of Board Meeting 1d
- A CONFIRMATION LETTER FOR COMPLIANCE U/R 7(3) SIGNED BY COMPANY AND RTA FOR THE YEAR ENDED 31/03/2024 ATTACHED 18 Apr
- PCS CERTIFICATE FOR COMPLIANCE WITH REG. 40(9) ATTACHED FOR THE YEAR ENDED 31/03/2024 18 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
18 Apr - COMPLIANCE CERTIFICATE UNDER REG. 74(5) OF SEBI (DP) REGULATIONS FOR THE QUARTER ENDED 31/03/2024 ATTACHED
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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Financial Year 2009
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Product Portfolio:[1]
a) Air & Pneumatic Hose Pipe (Transparent)
b) Water Hose Pipe (Green)
c) Welding Hose Pipe (Red & Blue)
d) Thermoplast Welding Hose Pipe (Red & Blue)
e) Car Washing Hose Pipe (Black)
f) Super Spray Hose Pipe (Yellow)
g) Pvc Medium-Duty Suction & Delivery Hose Pipe (Green)
h) Pvc Heavy-Duty Suction & Delivery Hose Pipe (Grey)
i) Pvc Flexible Oil Hose Pipe (Blue )
j) Pvc Flexible Duct Hose Pipe (Grey/Transparent)
k) Pvc Flexible Non-Toxic Hose Pipe (Transparent)