Astral Poly Technik Ltd

Astral Poly Technik is among the countrys leading manufacturers of plastic pipes used across the industries and is now making strong inroads into the adhesives segment and infrastructure products.(Source : 201903 Annual Report Page No: 02)

Pros:
Company has good consistent profit growth of 20.09% over 5 years
Cons:
Stock is trading at 15.00 times its book value

Peer Comparison Sector: Plastic products // Industry: Plastics Products

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
435 450 587 405 517 512 639 477 629 630 775 607
380 387 499 357 442 439 522 400 536 536 659 514
Operating Profit 56 63 89 48 76 73 117 77 94 94 116 93
OPM % 13% 14% 15% 12% 15% 14% 18% 16% 15% 15% 15% 15%
Other Income 3 1 3 3 2 6 2 4 5 4 4 7
Interest 4 7 0 5 7 0 9 12 14 1 6 7
Depreciation 13 13 12 14 14 14 15 16 19 22 22 24
Profit before tax 42 44 79 32 56 64 95 53 65 75 92 68
Tax % 28% 27% 30% 23% 30% 28% 31% 29% 30% 30% 32% 30%
Net Profit 30 33 55 25 39 46 65 37 45 52 62 47
EPS in Rs 2.02 2.18 3.70 1.66 2.61 3.09 4.34 2.50 3.01 3.44 4.14 3.14
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
188 281 402 565 802 1,057 1,410 1,678 1,895 2,073 2,507 2,641
166 239 347 482 687 902 1,242 1,471 1,634 1,759 2,126 2,244
Operating Profit 22 42 55 83 115 155 168 207 260 314 381 396
OPM % 12% 15% 14% 15% 14% 15% 12% 12% 14% 15% 15% 15%
Other Income 6 5 1 4 2 2 3 -3 9 13 15 19
Interest 5 5 4 23 19 31 25 30 18 22 32 28
Depreciation 6 9 11 14 18 22 36 42 50 57 81 88
Profit before tax 16 33 41 50 80 105 110 132 201 248 283 300
Tax % 13% 17% 21% 21% 24% 24% 29% 22% 28% 29% 30%
Net Profit 14 28 33 39 61 79 76 101 145 175 196 207
EPS in Rs 0.98 1.95 2.31 2.78 4.28 5.62 5.13 6.74 9.66 11.70 13.07 13.73
Dividend Payout % 8% 8% 8% 6% 5% 5% 6% 5% 5% 4% 4%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:29.57%
5 Years:18.86%
3 Years:14.33%
TTM:23.09%
Compounded Profit Growth
10 Years:30.13%
5 Years:20.09%
3 Years:24.75%
TTM:9.91%
Stock Price CAGR
10 Years:59.24%
5 Years:30.80%
3 Years:50.21%
1 Year:60.04%
Return on Equity
10 Years:19.15%
5 Years:17.48%
3 Years:18.23%
Last Year:17.59%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
11 11 11 11 11 11 12 12 12 12 12
Reserves 81 106 136 173 230 304 607 696 835 1,006 1,193
Borrowings 39 41 48 94 92 142 203 197 229 189 275
65 102 135 203 216 244 347 401 408 490 640
Total Liabilities 197 261 330 481 549 701 1,169 1,306 1,484 1,697 2,120
83 92 109 164 215 289 557 645 741 842 1,105
CWIP 6 6 13 13 12 8 27 15 25 73 81
Investments 0 0 0 0 0 0 0 0 0 0 0
107 163 209 304 322 403 585 646 718 782 934
Total Assets 197 261 330 481 549 701 1,169 1,306 1,484 1,697 2,120

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
17 24 48 85 65 67 117 226 114 282 342
-39 -18 -38 -68 -67 -91 -343 -203 -158 -185 -291
-1 -5 -5 8 -22 13 237 16 12 -71 -5
Net Cash Flow -24 2 6 25 -24 -11 11 38 -32 25 46

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 26% 26% 30% 32% 34% 21% 19% 22% 23% 23%
Debtor Days 79 88 71 67 48 50 60 49 65 54 49
Inventory Turnover 4.68 5.11 5.28 5.78 6.12 6.13 6.18 6.90 6.59 6.66