Polyspin Exports Ltd

Polyspin Exports Ltd

₹ 51.0 0.67%
12 Apr - close price
About

Incorporated in 1972, Polyspin Exports Ltd manufactures FIBC products and OE Yarns

Key Points

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

  • Market Cap 51.0 Cr.
  • Current Price 51.0
  • High / Low 70.6 / 45.0
  • 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 0.83 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.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
63.51 71.51 70.61 70.50 66.43 69.44 63.59 57.90 47.90 55.31 57.70 53.45 50.70
58.37 67.26 65.79 66.92 62.35 65.82 60.29 56.34 49.00 54.27 58.11 50.92 52.38
Operating Profit 5.14 4.25 4.82 3.58 4.08 3.62 3.30 1.56 -1.10 1.04 -0.41 2.53 -1.68
OPM % 8.09% 5.94% 6.83% 5.08% 6.14% 5.21% 5.19% 2.69% -2.30% 1.88% -0.71% 4.73% -3.31%
0.92 1.67 0.48 1.57 2.09 1.75 0.99 0.94 0.60 0.58 0.54 1.12 0.80
Interest 1.30 1.45 1.33 1.01 1.75 0.73 0.90 0.57 0.86 0.88 1.07 0.88 1.06
Depreciation 0.92 0.89 0.95 0.93 1.03 0.96 0.99 0.70 0.68 1.00 1.04 0.78 0.82
Profit before tax 3.84 3.58 3.02 3.21 3.39 3.68 2.40 1.23 -2.04 -0.26 -1.98 1.99 -2.76
Tax % 22.14% 42.46% 30.13% 28.04% 28.32% 41.58% 27.92% 15.45% 26.96% -46.15% 2.02% 3.52% -3.26%
3.53 1.80 2.16 2.34 2.58 2.13 2.63 2.15 0.47 0.13 -1.82 2.19 -2.50
EPS in Rs 3.53 1.80 2.16 2.34 2.58 2.13 2.63 2.15 0.47 0.13 -1.82 2.19 -2.50
Raw PDF

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: -2%
3 Years: -1%
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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
47.63% 47.63% 47.96% 48.17% 48.37% 48.37% 48.38% 48.46% 48.46% 47.93% 47.83% 47.83%
52.37% 52.37% 52.04% 51.83% 51.63% 51.63% 51.62% 51.53% 51.54% 52.09% 52.19% 52.18%
No. of Shareholders 3,5844,2954,3044,2884,2494,2384,2514,1454,1214,0353,9734,072

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