Polymac Thermoformers Ltd

Polymac Thermoformers Ltd

₹ 40.4 -1.32%
19 Apr - close price
About

Incorporated in 1999, Polymac Thermoformers Ltd is engaged in commercial and agro business.

Key Points

Product Profile:[1]
Company manufactures disposable plastic glasses, cups, bowls etc.

  • Market Cap 19.3 Cr.
  • Current Price 40.4
  • High / Low 45.0 / 29.7
  • Stock P/E
  • Book Value 21.5
  • Dividend Yield 0.00 %
  • ROCE 2.64 %
  • ROE 4.23 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 53.5 to 32.8 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 22.4%
  • Company has a low return on equity of 3.29% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Loading peers table ...

Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
2.94 2.30 1.30 4.84 3.10 4.08 3.61 5.19 8.37
3.34 2.43 1.71 4.84 3.17 4.04 3.65 6.04 8.16
Operating Profit -0.40 -0.13 -0.41 0.00 -0.07 0.04 -0.04 -0.85 0.21
OPM % -13.61% -5.65% -31.54% 0.00% -2.26% 0.98% -1.11% -16.38% 2.51%
0.26 0.29 0.15 0.64 0.35 0.71 1.08 0.73 0.00
Interest 0.04 0.07 0.05 0.05 0.05 0.20 0.07 0.07 0.07
Depreciation 0.05 0.07 0.05 0.05 0.05 0.08 0.09 0.09 0.10
Profit before tax -0.23 0.02 -0.36 0.54 0.18 0.47 0.88 -0.28 0.04
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 31.91% 0.00% -57.14% 0.00%
-0.24 0.02 -0.36 0.54 0.18 0.32 0.88 -0.43 0.04
EPS in Rs -0.50 0.04 -0.75 1.13 0.38 0.67 1.84 -0.90 0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1.85 0.39 0.44 1.47 1.48 2.63 3.91 6.73 5.24 6.14 7.18 8.80 13.56
1.58 1.28 0.86 7.22 2.89 7.00 4.16 6.74 5.76 6.55 7.21 9.69 14.20
Operating Profit 0.27 -0.89 -0.42 -5.75 -1.41 -4.37 -0.25 -0.01 -0.52 -0.41 -0.03 -0.89 -0.64
OPM % 14.59% -228.21% -95.45% -391.16% -95.27% -166.16% -6.39% -0.15% -9.92% -6.68% -0.42% -10.11% -4.72%
0.00 1.14 0.64 6.04 1.62 4.94 0.28 0.29 0.54 0.81 1.06 1.81 0.73
Interest 0.06 0.06 0.05 0.05 0.05 0.06 0.04 0.06 0.12 0.10 0.25 0.14 0.14
Depreciation 0.19 0.19 0.16 0.15 0.14 0.20 0.09 0.09 0.12 0.10 0.13 0.17 0.19
Profit before tax 0.02 0.00 0.01 0.09 0.02 0.31 -0.10 0.13 -0.22 0.20 0.65 0.61 -0.24
Tax % 50.00% 100.00% 22.22% 0.00% 25.81% 0.00% 15.38% -13.64% 45.00% 23.08% 26.23%
0.02 0.00 0.00 0.07 0.02 0.23 -0.10 0.11 -0.24 0.11 0.50 0.45 -0.39
EPS in Rs 0.70 0.00 0.00 0.15 0.04 0.48 -0.21 0.23 -0.50 0.23 1.05 0.94 -0.82
Dividend Payout % 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: 37%
5 Years: 18%
3 Years: 19%
TTM: 76%
Compounded Profit Growth
10 Years: 11%
5 Years: 44%
3 Years: 58%
TTM: -133%
Stock Price CAGR
10 Years: 0%
5 Years: 28%
3 Years: 63%
1 Year: 18%
Return on Equity
10 Years: 1%
5 Years: 2%
3 Years: 3%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 0.52 0.29 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78
Reserves 2.15 2.15 5.59 5.66 5.63 5.86 5.76 5.87 5.63 5.74 6.24 5.48 5.52
Preference Capital 0.00 0.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.00 1.26 3.63 0.78 1.28 1.41 0.52 1.28 1.28 1.56 28.71 6.87 7.46
0.72 0.24 0.14 1.78 1.87 2.82 0.80 0.56 0.64 0.64 1.08 1.14 5.44
Total Liabilities 4.39 3.94 14.14 13.00 13.56 14.87 11.86 12.49 12.33 12.72 40.81 18.27 23.20
1.30 1.19 1.03 1.10 0.99 1.03 0.94 1.06 1.20 1.20 2.00 2.04 2.27
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 0.00
Investments 0.03 0.04 2.58 0.63 0.54 1.62 1.00 0.05 0.22 0.88 1.03 0.69 0.70
3.06 2.71 10.53 11.27 12.03 12.22 9.92 11.38 10.91 10.64 37.78 15.54 20.23
Total Assets 4.39 3.94 14.14 13.00 13.56 14.87 11.86 12.49 12.33 12.72 40.81 18.27 23.20

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.76 0.00 0.00 0.33 -0.38 0.68 -0.60 -1.94 0.65 -0.60 -25.49 25.34
-0.27 0.00 0.00 2.25 -0.33 -0.57 -5.89 1.43 -0.68 0.46 -0.03 1.92
-0.55 0.00 0.00 -2.44 0.56 -0.07 6.49 0.64 -0.11 0.19 26.91 -21.97
Net Cash Flow -0.06 0.00 0.00 0.14 -0.15 0.04 0.00 0.13 -0.14 0.05 1.39 5.29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 132.19 327.56 66.36 17.38 -91.25 83.27 53.21 80.81 36.22 52.91 74.73 32.77
Inventory Days 602.43 958.12 763.80 323.42 420.97 213.66 200.69 196.36 223.98 255.67 242.58 183.67
Days Payable 237.43 0.00 0.00 48.51 109.50 83.09 69.24 20.02 39.63 24.39 48.36 16.33
Cash Conversion Cycle 497.19 1,285.69 830.16 292.29 220.22 213.84 184.66 257.15 220.56 284.19 268.94 200.11
Working Capital Days 459.70 2,433.33 8,063.18 2,266.97 2,357.70 1,193.54 735.60 494.62 606.01 459.52 1,704.01 299.47
ROCE % 2.05% -12.89% 0.67% 1.11% 0.61% 3.20% -0.61% 1.65% -0.76% 2.36% 3.47% 2.64%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
22.40% 22.38% 22.38% 22.38% 22.38% 22.38% 22.38% 22.38% 22.38% 22.38% 22.38% 22.38%
77.60% 77.62% 77.62% 77.62% 77.62% 77.62% 77.62% 77.62% 77.62% 77.62% 77.62% 77.62%
No. of Shareholders 305308306300301301307257251247256285

Documents