Vinayak Polycon International Ltd

Vinayak Polycon International Ltd

₹ 27.6 9.31%
18 Apr - close price
About

Incorporated in 2009, Vinayak Polycon International Ltd Company is engaged in the manufacturing Plastic Containers, Jars
and Closures.

Key Points

Product Profile:[1][2]
a) PET Bottles
b) PET Jars
c) PET Preforms
d) PP Caps
e) Lids
f) Engineering
g) Recycled Plastic
f) High-Temperature Plastics

  • Market Cap 8.50 Cr.
  • Current Price 27.6
  • High / Low 37.0 / 16.2
  • Stock P/E 47.2
  • Book Value 14.9
  • Dividend Yield 0.00 %
  • ROCE 5.63 %
  • ROE 1.81 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.87% over past five years.
  • Company has a low return on equity of -0.53% 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: Packaging Industry: Packaging

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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
3.62 3.44 1.91 4.00 4.64 4.72 3.78 5.85 5.93 6.24 4.87 5.68 5.42
3.41 3.25 1.92 3.74 4.29 4.44 3.58 5.59 5.54 5.91 4.50 5.30 5.08
Operating Profit 0.21 0.19 -0.01 0.26 0.35 0.28 0.20 0.26 0.39 0.33 0.37 0.38 0.34
OPM % 5.80% 5.52% -0.52% 6.50% 7.54% 5.93% 5.29% 4.44% 6.58% 5.29% 7.60% 6.69% 6.27%
0.00 0.03 0.00 0.00 0.00 0.02 0.00 0.00 0.06 0.01 0.00 0.00 0.00
Interest 0.03 0.08 0.05 0.06 0.07 0.08 0.07 0.10 0.12 0.11 0.13 0.12 0.09
Depreciation 0.17 0.18 0.14 0.14 0.19 0.16 0.12 0.12 0.21 0.21 0.20 0.19 0.19
Profit before tax 0.01 -0.04 -0.20 0.06 0.09 0.06 0.01 0.04 0.12 0.02 0.04 0.07 0.06
Tax % 0.00% 50.00% 0.00% 0.00% 0.00% 0.00% -100.00% 25.00% 58.33% 0.00% 25.00% 14.29% -16.67%
0.01 -0.02 -0.19 0.06 0.10 0.07 0.01 0.03 0.05 0.02 0.03 0.06 0.07
EPS in Rs 0.03 -0.06 -0.62 0.19 0.32 0.23 0.03 0.10 0.16 0.06 0.10 0.19 0.23
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
13.57 18.20 19.40 17.11 15.26 20.63 18.92 23.27 15.57 11.54 15.27 21.80 22.21
11.53 16.28 17.72 15.78 14.15 18.92 17.65 21.80 14.48 10.89 14.39 20.64 20.79
Operating Profit 2.04 1.92 1.68 1.33 1.11 1.71 1.27 1.47 1.09 0.65 0.88 1.16 1.42
OPM % 15.03% 10.55% 8.66% 7.77% 7.27% 8.29% 6.71% 6.32% 7.00% 5.63% 5.76% 5.32% 6.39%
0.00 0.01 0.03 0.01 0.01 0.01 0.02 0.37 0.02 0.03 0.02 0.08 0.01
Interest 0.98 0.84 0.68 0.41 0.27 0.46 0.38 0.37 0.36 0.22 0.25 0.39 0.45
Depreciation 0.95 1.01 0.91 0.77 0.67 1.06 0.86 0.91 0.72 0.69 0.62 0.66 0.79
Profit before tax 0.11 0.08 0.12 0.16 0.18 0.20 0.05 0.56 0.03 -0.23 0.03 0.19 0.19
Tax % 27.27% 25.00% 33.33% 31.25% 27.78% 50.00% -120.00% 25.00% 66.67% 13.04% -33.33% 36.84%
0.07 0.05 0.09 0.11 0.13 0.10 0.11 0.41 0.02 -0.19 0.04 0.12 0.18
EPS in Rs 0.23 0.16 0.29 0.36 0.42 0.32 0.36 1.33 0.06 -0.62 0.13 0.39 0.58
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: 2%
5 Years: 3%
3 Years: 12%
TTM: 10%
Compounded Profit Growth
10 Years: 5%
5 Years: -6%
3 Years: 59%
TTM: 13%
Stock Price CAGR
10 Years: 14%
5 Years: 30%
3 Years: 64%
1 Year: 39%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: -1%
Last Year: 2%

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 3.08 3.08 3.08 3.08 3.08 3.08 3.08 3.08 3.08 3.08 3.08 3.08 3.08
Reserves 0.43 0.48 0.56 0.67 0.80 0.90 1.01 1.42 1.44 1.25 1.29 1.41 1.50
7.10 6.75 4.45 2.70 2.87 4.94 5.11 4.63 3.99 3.46 3.58 6.03 4.42
0.84 1.05 2.26 1.91 1.67 1.91 2.18 1.58 1.58 1.64 1.51 1.43 1.44
Total Liabilities 11.45 11.36 10.35 8.36 8.42 10.83 11.38 10.71 10.09 9.43 9.46 11.95 10.44
6.15 5.74 4.68 3.92 3.63 4.90 4.36 3.46 3.71 3.42 2.93 4.30 3.91
CWIP 0.02 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 0.00 0.00
5.28 5.62 5.67 4.44 4.79 5.93 7.02 7.25 6.38 6.01 6.53 7.65 6.53
Total Assets 11.45 11.36 10.35 8.36 8.42 10.83 11.38 10.71 10.09 9.43 9.46 11.95 10.44

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
2.16 1.80 1.61 1.91 0.55 1.13 0.55 0.81 1.97 1.13 0.22 -0.09
-0.51 -0.57 0.17 0.00 -0.36 -2.32 -0.30 0.01 -0.96 -0.38 -0.12 -1.96
-1.61 -1.21 -1.84 -1.91 -0.14 1.13 -0.20 -0.86 -1.00 -0.75 -0.14 2.06
Net Cash Flow 0.04 0.02 -0.06 0.00 0.05 -0.06 0.05 -0.04 0.02 0.01 -0.05 0.02

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 61.33 53.75 56.07 51.20 68.89 78.56 102.44 90.98 84.63 110.07 96.33 89.91
Inventory Days 60.54 37.30 25.21 34.59 38.22 18.51 32.02 19.89 76.24 106.24 75.52 39.46
Days Payable 7.12 11.16 15.24 15.11 7.56 35.92 42.90 16.73 38.12 58.16 31.86 16.87
Cash Conversion Cycle 114.74 79.89 66.03 70.67 99.55 61.15 91.56 94.13 122.75 158.14 139.99 112.50
Working Capital Days 97.91 74.60 71.31 64.21 82.04 69.71 90.29 87.52 104.55 135.37 119.52 104.31
ROCE % 10.01% 8.80% 8.48% 7.84% 6.82% 8.42% 4.75% 6.22% 4.42% -0.12% 3.56% 5.63%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67%
40.33% 40.33% 40.33% 40.33% 40.33% 40.33% 40.33% 40.32% 40.33% 40.33% 40.34% 40.33%
No. of Shareholders 7447477497607597519149119219289791,017

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