AVI Polymers Ltd

AVI Polymers Ltd

₹ 13.9 -3.55%
22 May 4:01 p.m.
About

Incorporated in 1993, AVI Polymers Ltd is engaged in trading of chemicals[1]

Key Points

Product Profile:
a) Chemical Division:[1]
Chromic Acid, Magnesium Chloride, Olium- Heavy Alkali, Ammonium Per Sulphate, Boric Acid Powder
b) Dye Intermediate Division:[2]
Beta Napthol, Bon Acid, Methyl Diphenylamine, Para Nitro Aniline, Vinyl Sulphone Ester
c) Detergent Chemical Division:[3]
Sodium Per Sulphate, Zeolite, Soda Ash, Precipitated Silica, Acid Slurry
d) Polymer Division:[4]
AVICRYL 1871, AVICRYL 1861, AVISITEX 5321, AVISITEX 7643
e) Water Treatment Chemicals Division:[5]
Boiler Treatment Chemicals, Cooling Tower Chemicals, R O Chemicals, Waste Water Treatment Chemicals, Drinking Water Treatment Chemicals, Scale and Corrosion Inhibitor

  • Market Cap 5.67 Cr.
  • Current Price 13.9
  • High / Low 20.7 / 9.89
  • Stock P/E 6.92
  • Book Value 13.9
  • Dividend Yield 0.00 %
  • ROCE 19.2 %
  • ROE 15.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.00 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -42.0% over past five years.
  • Promoter holding is low: 25.2%
  • Company has a low return on equity of 6.46% over last 3 years.
  • Contingent liabilities of Rs.2.00 Cr.
  • Earnings include an other income of Rs.1.32 Cr.
  • Working capital days have increased from 11,782 days to 33,093 days

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2.10 1.51 1.70 0.54 0.05 0.04 0.03 0.55 0.02 0.05 0.01 0.00 0.00
1.99 1.50 1.68 0.58 0.09 0.10 0.07 0.60 0.07 0.11 0.06 0.07 0.05
Operating Profit 0.11 0.01 0.02 -0.04 -0.04 -0.06 -0.04 -0.05 -0.05 -0.06 -0.05 -0.07 -0.05
OPM % 5.24% 0.66% 1.18% -7.41% -80.00% -150.00% -133.33% -9.09% -250.00% -120.00% -500.00%
0.06 0.05 0.05 0.06 0.07 0.08 0.07 0.05 0.04 0.08 0.10 0.10 1.04
Interest 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
Depreciation 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
Profit before tax 0.17 0.06 0.07 0.02 0.03 0.02 0.03 0.00 -0.01 0.02 0.05 0.03 0.99
Tax % 23.53% 33.33% 28.57% 50.00% 33.33% 50.00% 33.33% -100.00% 50.00% 20.00% 33.33% 25.25%
0.13 0.04 0.05 0.01 0.02 0.01 0.02 -0.01 0.00 0.02 0.04 0.02 0.74
EPS in Rs 0.32 0.10 0.12 0.02 0.05 0.02 0.05 -0.02 0.00 0.05 0.10 0.05 1.81
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.95 3.21 4.24 1.35 1.09 0.27 0.91 3.92 4.90 3.80 0.64 0.06
0.95 3.23 4.19 1.20 1.09 0.40 0.92 3.79 4.57 3.87 0.83 0.28
Operating Profit 0.00 -0.02 0.05 0.15 0.00 -0.13 -0.01 0.13 0.33 -0.07 -0.19 -0.22
OPM % 0.00% -0.62% 1.18% 11.11% 0.00% -48.15% -1.10% 3.32% 6.73% -1.84% -29.69% -366.67%
0.01 0.03 -0.04 -0.15 0.00 0.15 0.24 0.29 0.32 0.24 0.23 1.32
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01
Profit before tax 0.01 0.01 0.01 0.00 0.00 0.02 0.23 0.42 0.65 0.16 0.03 1.09
Tax % 0.00% 0.00% 0.00% 0.00% 69.57% 19.05% 24.62% 31.25% 33.33% 25.69%
0.01 0.01 0.01 0.47 0.05 0.02 0.07 0.34 0.48 0.12 0.02 0.82
EPS in Rs 0.02 0.02 0.02 1.15 0.12 0.05 0.17 0.83 1.17 0.29 0.05 2.00
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: -33%
5 Years: -42%
3 Years: -77%
TTM: -91%
Compounded Profit Growth
10 Years: 55%
5 Years: 64%
3 Years: 20%
TTM: 4000%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -19%
1 Year: 29%
Return on Equity
10 Years: 6%
5 Years: 8%
3 Years: 6%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 3.81 4.48 4.48 4.48 4.48 4.48 4.48 4.48 4.48 4.48 4.48 4.48
Reserves -1.20 -1.19 -1.19 -0.72 -0.67 -0.65 -0.59 -0.25 0.23 0.35 0.37 1.19
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.81 0.00
0.00 0.08 0.01 0.07 0.31 -0.01 0.01 0.87 0.82 0.01 0.02 0.24
Total Liabilities 2.61 3.37 3.30 3.83 4.12 3.82 3.90 5.10 5.53 4.84 5.68 5.91
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.10 0.10 0.09 0.08
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 1.18 1.10 0.62 0.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.43 2.27 2.68 3.56 4.12 3.82 3.90 5.10 5.43 4.74 5.59 5.83
Total Assets 2.61 3.37 3.30 3.83 4.12 3.82 3.90 5.10 5.53 4.84 5.68 5.91

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.30 -0.73 0.69 -0.18 -0.17 0.19 0.24 0.02 1.00 0.10 1.36 0.81
0.00 0.00 0.44 0.20 0.15 -0.19 -0.23 0.00 -0.19 -0.88 -1.04 0.00
0.01 0.49 -1.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.81
Net Cash Flow 0.31 -0.24 -0.08 0.02 -0.02 0.00 0.01 0.02 0.81 -0.78 0.32 -0.01

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 395.74 168.29 99.00 424.48 502.29 1,419.44 421.15 166.67 181.76 96.05 570.31 0.00
Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 659.35 8,638.33
Days Payable 11.77 60.83
Cash Conversion Cycle 395.74 168.29 99.00 424.48 502.29 1,419.44 421.15 166.67 181.76 96.05 1,217.89 8,577.50
Working Capital Days 395.74 210.36 102.44 808.41 1,078.26 4,447.59 1,403.85 363.14 256.99 337.14 1,916.25 33,093.33
ROCE % 0.38% 0.34% 1.52% 4.26% 0.00% 0.52% 5.96% 10.34% 14.54% 3.35% 0.57% 19.24%

Shareholding Pattern

Numbers in percentages

12 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
28.10% 28.10% 25.17% 25.17% 25.17% 25.17% 25.17% 25.17% 25.17% 25.17% 25.17% 25.17%
71.90% 71.89% 74.83% 74.83% 74.83% 74.83% 74.83% 74.84% 74.84% 74.83% 74.83% 74.84%
No. of Shareholders 12,05311,34011,28610,80210,4679,9909,5959,2678,9158,6468,4348,296

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