Polyspin Exports Ltd
Incorporated in 1972, Polyspin Exports Ltd manufactures FIBC products and OE Yarns
- Market Cap ₹ 48.5 Cr.
- Current Price ₹ 48.5
- High / Low ₹ 70.6 / 44.0
- Stock P/E
- Book Value ₹ 61.5
- Dividend Yield 0.00 %
- ROCE 3.87 %
- ROE 9.26 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.79 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.96% over past five years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3.04 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
35 | 44 | 58 | 172 | 181 | 212 | 166 | 235 | 277 | 241 | 217 | |
32 | 40 | 52 | 158 | 165 | 195 | 156 | 218 | 260 | 237 | 216 | |
Operating Profit | 3 | 5 | 6 | 13 | 15 | 17 | 10 | 16 | 17 | 5 | 1 |
OPM % | 9% | 11% | 10% | 8% | 9% | 8% | 6% | 7% | 6% | 2% | 1% |
0 | 1 | 0 | 0 | 0 | 2 | 6 | 4 | 6 | 4 | 3 | |
Interest | 1 | 2 | 2 | 5 | 5 | 6 | 5 | 6 | 5 | 4 | 4 |
Depreciation | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
Profit before tax | 2 | 3 | 2 | 5 | 8 | 11 | 7 | 11 | 13 | 1 | -3 |
Tax % | 47% | 41% | 33% | 36% | 34% | 33% | 29% | 31% | 32% | 32% | |
1 | 2 | 2 | 3 | 5 | 7 | 5 | 9 | 9 | 5 | -2 | |
EPS in Rs | 1.01 | 1.50 | 1.60 | 3.38 | 5.04 | 7.45 | 5.35 | 8.74 | 9.22 | 5.37 | -2.00 |
Dividend Payout % | 40% | 27% | 25% | 14% | 10% | 6% | 4% | 7% | 7% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 13% |
TTM: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 0% |
TTM: | -119% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -4% |
3 Years: | -3% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 15% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 |
Reserves | 3 | 4 | 5 | 18 | 22 | 30 | 35 | 42 | 51 | 55 | 56 |
8 | 19 | 30 | 49 | 53 | 61 | 61 | 79 | 78 | 70 | 65 | |
6 | 8 | 7 | 24 | 25 | 26 | 19 | 23 | 22 | 32 | 34 | |
Total Liabilities | 21 | 35 | 46 | 95 | 105 | 121 | 119 | 149 | 157 | 162 | 161 |
7 | 14 | 21 | 40 | 38 | 38 | 45 | 46 | 43 | 43 | 37 | |
CWIP | 0 | 0 | 2 | 0 | 0 | 7 | 2 | 0 | 0 | 7 | 10 |
Investments | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 7 | 8 |
14 | 20 | 23 | 54 | 65 | 75 | 70 | 101 | 110 | 105 | 105 | |
Total Assets | 21 | 35 | 46 | 95 | 105 | 121 | 119 | 149 | 157 | 162 | 161 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
0 | -1 | -0 | 4 | 3 | 15 | 11 | -9 | 13 | 11 | |
-2 | -8 | -11 | -3 | -2 | -15 | -10 | -1 | -0 | -8 | |
2 | 10 | 10 | -1 | -0 | 1 | -3 | 13 | -6 | -12 | |
Net Cash Flow | 0 | 1 | -0 | -0 | 0 | 1 | -2 | 2 | 6 | -9 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 52 | 47 | 43 | 38 | 50 | 36 | 53 | 40 | 53 | 49 |
Inventory Days | 70 | 118 | 92 | 74 | 84 | 76 | 94 | 123 | 64 | 119 |
Days Payable | 48 | 35 | 26 | 52 | 54 | 45 | 38 | 27 | 18 | 52 |
Cash Conversion Cycle | 74 | 130 | 108 | 60 | 79 | 68 | 109 | 136 | 100 | 116 |
Working Capital Days | 66 | 89 | 93 | 49 | 68 | 59 | 82 | 103 | 92 | 96 |
ROCE % | 20% | 14% | 17% | 20% | 13% | 15% | 14% | 4% |
Documents
Announcements
- Closure of Trading Window 2d
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Announcement under Regulation 30 (LODR)-Credit Rating
21 Feb - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Intimation of Revised Credit Rating.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Copy of the Advertisement made in Business Line (English) and Dinamalar (Tamil) on Wednesday, the 14th February, 2024 in connection with Unaudited Standalone and Consolidated …
- Board Meeting Outcome for Submission Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2023 & Limited Review Reports Of The Auditors Thereon. 13 Feb
- Closure of Trading Window 31 Jan
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 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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Financial Year 2008
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Business Divisions:[1]
Company has 2 divisions viz., FIBC division which produces products such as FIBC bags, PP woven bags and Spinning division which produces open-ended yarn through 2400 rotors. Company’s products are primarily used in fertilizers, building materials, chemical and cement industries