G M Polyplast Ltd

G M Polyplast Ltd

₹ 189 -0.16%
12 Apr - close price
About

Incorporated in 2003, GM Polyplast Ltd is a manufacturer of HIPS, ABS, PET, PP, HDPE Sheets and Granules[1]

Key Points

Business Overview:[1]
GMPL is a manufacturer of HIPS, ABS,
PET, PP, HDPE Sheets, and Premium quality Granules. Company has a presence in the states
of Maharashtra, Gujarat, Kerala, Tamil Nadu, West Bengal, Dadra & Nagar Haveli, Puducherry, Uttar Pradesh, Delhi, Haryana, Telangana, Karnataka, Goa, Andhra Pradesh, Madhya Pradesh

  • Market Cap 254 Cr.
  • Current Price 189
  • High / Low 204 / 106
  • Stock P/E 34.0
  • Book Value 22.6
  • Dividend Yield 0.26 %
  • ROCE 27.9 %
  • ROE 21.5 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 39.8% CAGR over last 5 years

Cons

  • Stock is trading at 8.35 times its book value
  • The company has delivered a poor sales growth of 8.20% over past five 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: Plastic products Industry: Plastics Products

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Half Yearly Results

Figures in Rs. Crores

Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
28.57 18.93 33.21 29.98 43.88 43.46 38.80 43.34
26.38 16.68 29.92 27.83 39.99 39.52 34.82 36.17
Operating Profit 2.19 2.25 3.29 2.15 3.89 3.94 3.98 7.17
OPM % 7.67% 11.89% 9.91% 7.17% 8.87% 9.07% 10.26% 16.54%
0.18 0.14 0.08 0.70 0.17 0.03 0.06 0.15
Interest 0.11 0.19 0.23 0.27 0.19 0.12 0.19 0.18
Depreciation 0.39 0.29 0.29 0.34 0.63 0.58 0.64 0.57
Profit before tax 1.87 1.91 2.85 2.24 3.24 3.27 3.21 6.57
Tax % 25.13% 25.13% 27.02% 21.43% 14.81% 22.32% 25.86% 22.53%
1.40 1.43 2.08 1.76 2.76 2.53 2.39 5.09
EPS in Rs 20.00 1.28 1.54 1.30 2.04 1.87 1.78 3.78
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
12.06 14.83 33.71 46.19 46.58 44.71 55.47 68.12 63.15 52.14 73.87 82.26 82.14
11.63 13.87 32.29 43.87 44.42 43.16 53.47 65.48 59.41 46.51 67.84 74.34 70.99
Operating Profit 0.43 0.96 1.42 2.32 2.16 1.55 2.00 2.64 3.74 5.63 6.03 7.92 11.15
OPM % 3.57% 6.47% 4.21% 5.02% 4.64% 3.47% 3.61% 3.88% 5.92% 10.80% 8.16% 9.63% 13.57%
0.00 -0.10 -0.03 0.03 0.02 0.12 0.05 0.23 0.20 0.13 0.88 0.09 0.21
Interest 0.13 0.18 0.35 0.91 0.74 0.40 0.31 0.37 0.23 0.42 0.46 0.31 0.37
Depreciation 0.08 0.25 0.36 0.49 0.51 0.44 0.46 0.59 0.78 0.58 0.96 1.22 1.21
Profit before tax 0.22 0.43 0.68 0.95 0.93 0.83 1.28 1.91 2.93 4.76 5.49 6.48 9.78
Tax % 31.82% 34.88% 36.76% 33.68% 46.24% 43.37% 28.12% 27.75% 21.50% 26.26% 23.50% 24.07%
0.15 0.27 0.44 0.62 0.50 0.47 0.92 1.38 2.29 3.51 4.19 4.92 7.48
EPS in Rs 44.00 62.00 50.00 47.00 92.00 138.00 32.71 2.60 3.10 3.66 5.56
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.47% 4.58% 0.00%
Compounded Sales Growth
10 Years: 19%
5 Years: 8%
3 Years: 9%
TTM: -6%
Compounded Profit Growth
10 Years: 31%
5 Years: 40%
3 Years: 28%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 96%
1 Year: 22%
Return on Equity
10 Years: 25%
5 Years: 25%
3 Years: 24%
Last Year: 22%

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 0.01 0.01 0.10 0.10 0.10 0.10 0.10 0.10 0.10 1.92 1.92 13.46 13.46
Reserves 0.89 1.16 1.50 2.13 2.63 3.10 4.19 5.57 7.87 14.50 18.50 11.88 16.97
1.24 1.09 5.94 3.54 2.89 2.19 4.41 3.04 2.65 1.96 0.88 1.97 4.58
3.69 6.24 12.45 12.23 13.00 15.84 16.63 16.67 14.62 9.37 18.05 9.56 9.70
Total Liabilities 5.83 8.50 19.99 18.00 18.62 21.23 25.33 25.38 25.24 27.75 39.35 36.87 44.71
0.47 2.07 2.28 2.54 2.31 1.95 2.43 2.87 2.95 2.56 5.95 5.48 6.68
CWIP 0.98 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 0.31 0.47 0.46 0.83 1.01 0.00 0.00 0.00 0.00 0.00
4.38 6.43 17.71 15.15 15.84 18.82 22.07 21.50 22.29 25.19 33.40 31.39 38.03
Total Assets 5.83 8.50 19.99 18.00 18.62 21.23 25.33 25.38 25.24 27.75 39.35 36.87 44.71

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
0.00 4.19 2.22 1.32 1.59 2.61 -4.30 5.41 -0.46
0.00 -1.03 -0.43 0.00 -1.07 -0.66 -0.21 -4.31 -0.72
0.00 -3.31 -1.39 -1.12 -1.62 -0.62 3.77 -1.74 0.78
Net Cash Flow 0.00 -0.16 0.41 0.19 -1.10 1.33 -0.74 -0.64 -0.41

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 91.40 117.40 132.31 86.84 88.39 98.70 88.04 73.35 72.08 95.56 84.49 68.38
Inventory Days 17.52 12.89 40.73 17.07 19.35 30.44 31.56 27.15 25.70 35.28 48.70 56.37
Days Payable 84.68 137.68 140.20 102.88 105.29 131.00 108.64 89.04 90.52 59.05 77.80 40.21
Cash Conversion Cycle 24.24 -7.39 32.85 1.04 2.45 -1.86 10.96 11.47 7.25 71.79 55.39 84.54
Working Capital Days 8.78 -6.40 52.51 13.91 14.73 16.98 16.32 15.49 19.02 84.28 61.42 84.84
ROCE % 17.96% 33.18% 22.04% 27.95% 29.50% 22.34% 22.57% 25.16% 33.11% 36.41% 29.94% 27.94%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.54% 73.54% 73.54% 73.54% 73.54% 73.54% 73.54% 73.54% 73.54% 73.54% 73.54% 73.54%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.42% 0.42%
26.46% 26.46% 26.46% 26.46% 26.46% 26.46% 26.46% 26.46% 26.45% 26.46% 26.04% 26.05%
No. of Shareholders 147144139136134127123181197199348390

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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