Padmanabh Alloys & Polymers Ltd

Padmanabh Alloys & Polymers Ltd

₹ 22.5 4.36%
19 Apr - close price
About

Incorporated in 1994, Padmanabh Ltd manufactures filled and reinforced thermoplastic compounds and masterbatches[1]

Key Points

Business Overview:[1]
Company manufactures mineral filled thermoplastic, mineral masterbatches, synthetic paper masterbatch, glass reinforced thermoplastic and other specialty masterbatches. It also offers special additive masterbatches to enable plastic processors themselves to create tailor made products

  • Market Cap 12.2 Cr.
  • Current Price 22.5
  • High / Low 45.9 / 19.1
  • Stock P/E 50.8
  • Book Value 16.2
  • Dividend Yield 0.00 %
  • ROCE 6.40 %
  • ROE 3.20 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 119 to 91.3 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.64%
  • The company has delivered a poor sales growth of 3.85% over past five years.
  • Company has a low return on equity of 1.96% 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

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Quarterly Results

Figures in Rs. Crores

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
9.10 10.49 6.49 7.68 6.24 8.55 9.67 12.51 9.61 9.67 11.31 10.65 10.72
8.84 10.27 6.33 7.61 6.39 8.14 9.37 11.87 9.36 9.97 10.79 10.12 10.43
Operating Profit 0.26 0.22 0.16 0.07 -0.15 0.41 0.30 0.64 0.25 -0.30 0.52 0.53 0.29
OPM % 2.86% 2.10% 2.47% 0.91% -2.40% 4.80% 3.10% 5.12% 2.60% -3.10% 4.60% 4.98% 2.71%
0.00 0.08 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.03 0.00 0.00 0.01
Interest 0.06 0.09 0.06 0.08 0.07 0.08 0.08 0.09 0.10 0.12 0.10 0.09 0.09
Depreciation 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.06 0.00 0.04 0.05 0.06
Profit before tax 0.17 0.18 0.07 -0.04 -0.25 0.30 0.18 0.51 0.09 -0.39 0.38 0.39 0.15
Tax % 17.65% 33.33% 28.57% 0.00% -4.00% 10.00% 27.78% 27.45% 33.33% 0.00% 44.74% 28.21% 0.00%
0.13 0.12 0.04 -0.05 -0.26 0.27 0.13 0.37 0.06 -0.39 0.21 0.28 0.14
EPS in Rs 0.24 0.22 0.07 -0.09 -0.48 0.50 0.24 0.68 0.11 -0.72 0.39 0.52 0.26
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 TTM
11.26 12.47 20.33 27.22 28.01 26.91 34.34 34.63 28.26 29.27 28.97 41.47 42.35
10.42 11.80 19.03 25.92 26.64 25.76 33.24 33.59 27.17 28.69 28.47 40.59 41.31
Operating Profit 0.84 0.67 1.30 1.30 1.37 1.15 1.10 1.04 1.09 0.58 0.50 0.88 1.04
OPM % 7.46% 5.37% 6.39% 4.78% 4.89% 4.27% 3.20% 3.00% 3.86% 1.98% 1.73% 2.12% 2.46%
0.02 0.32 0.02 0.05 0.03 0.08 0.02 0.04 0.01 0.09 0.01 0.03 0.04
Interest 0.23 0.27 0.29 0.28 0.32 0.28 0.25 0.26 0.26 0.26 0.29 0.38 0.40
Depreciation 0.17 0.18 0.18 0.07 0.11 0.07 0.21 0.24 0.13 0.13 0.15 0.14 0.15
Profit before tax 0.46 0.54 0.85 1.00 0.97 0.88 0.66 0.58 0.71 0.28 0.07 0.39 0.53
Tax % 0.00% 14.81% 18.82% 16.00% 0.00% 19.32% 74.24% 15.52% 32.39% 32.14% 57.14% 33.33%
0.46 0.46 0.69 0.84 0.97 0.72 0.18 0.49 0.48 0.18 0.03 0.26 0.24
EPS in Rs 0.85 0.85 1.27 1.55 1.79 1.33 0.33 0.91 0.89 0.33 0.06 0.48 0.45
Dividend Payout % 0.00% 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: 13%
5 Years: 4%
3 Years: 14%
TTM: 5%
Compounded Profit Growth
10 Years: -6%
5 Years: 8%
3 Years: -18%
TTM: -71%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -23%
Return on Equity
10 Years: 7%
5 Years: 4%
3 Years: 2%
Last Year: 3%

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 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71
Reserves -2.47 -2.01 -1.32 -0.48 0.22 0.94 1.12 1.61 2.09 2.27 2.29 2.55 3.04
1.87 2.22 2.49 2.45 2.87 2.62 2.94 2.18 2.87 3.82 4.11 3.70 3.18
1.59 1.79 3.95 3.02 3.72 4.36 6.29 5.57 5.28 5.89 5.42 6.32 6.51
Total Liabilities 6.70 7.71 10.83 10.70 12.52 13.63 16.06 15.07 15.95 17.69 17.53 18.28 18.44
1.65 1.60 1.55 1.45 1.61 1.54 1.36 1.71 1.71 1.72 1.75 1.76 2.30
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.18 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 0.00 0.00
5.05 6.11 9.28 9.25 10.91 12.09 14.52 13.36 14.24 15.97 15.78 16.52 16.14
Total Assets 6.70 7.71 10.83 10.70 12.52 13.63 16.06 15.07 15.95 17.69 17.53 18.28 18.44

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
0.14 0.30 0.62 0.46 0.12 1.38 -0.19 -0.61 0.18 0.97
-0.14 0.08 -0.28 0.03 -0.20 -0.40 -0.13 -0.15 -0.17 -0.15
-0.03 -0.32 -0.38 -0.53 0.08 -1.02 0.43 0.69 -0.01 -0.79
Net Cash Flow -0.02 0.06 -0.04 -0.05 0.00 -0.04 0.11 -0.07 0.00 0.03

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 92.38 115.62 131.24 86.36 97.08 107.83 104.91 82.53 117.92 133.06 133.43 91.27
Inventory Days 65.45 46.03 25.41 23.78 32.74 39.57 40.08 59.09 68.16 55.25 73.90 59.31
Days Payable 51.60 53.58 76.66 37.95 47.51 63.21 68.52 61.64 72.25 70.59 66.52 56.04
Cash Conversion Cycle 106.23 108.07 79.99 72.18 82.31 84.19 76.46 79.97 113.83 117.72 140.80 94.54
Working Capital Days 109.56 123.23 93.90 80.32 91.09 101.59 87.37 81.05 112.88 110.73 130.40 89.34
ROCE % 15.13% 14.69% 17.81% 18.27% 15.66% 12.51% 9.56% 8.61% 9.62% 4.81% 3.01% 6.40%

Shareholding Pattern

Numbers in percentages

98 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.11% 54.11% 54.11% 54.11% 54.11% 54.11% 54.11% 54.11% 53.95% 52.56% 50.35% 48.72%
5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53%
40.36% 40.36% 40.36% 40.36% 40.36% 40.36% 40.36% 40.36% 40.52% 41.91% 44.12% 45.74%
No. of Shareholders 9319309309309309309301,0021,0331,1791,3211,552

* 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.

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