INEOS Styrolution India Ltd

About

INEOS Styrolution India is engaged in the business of ABS, SAN and Polystyrene.

  • Market Cap 2,368 Cr.
  • Current Price 1,346
  • High / Low 1,570 / 495
  • Stock P/E 6.13
  • Book Value 505
  • Dividend Yield 0.74 %
  • ROCE 42.4 %
  • ROE 37.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.12% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 0.59% over past five years.
  • Debtor days have increased from 49.81 to 68.45 days.

Peer comparison

Sector: Petrochemicals Industry: Petrochemicals

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
568 446 482 443 437 340 359 116 395 485 637 455
555 475 490 420 421 335 337 136 331 341 409 328
Operating Profit 13 -29 -8 24 15 4 22 -21 63 144 227 126
OPM % 2% -7% -2% 5% 4% 1% 6% -18% 16% 30% 36% 28%
Other Income 6 4 1 2 2 -36 2 1 4 4 4 4
Interest 2 5 4 4 3 4 5 2 4 3 5 3
Depreciation 6 5 9 7 7 8 9 9 9 9 9 9
Profit before tax 11 -35 -20 14 7 -44 9 -31 55 135 216 118
Tax % 35% 36% 33% 35% -40% 24% 50% 35% 35% 24% 25% 27%
Net Profit 7 -23 -14 9 10 -33 4 -20 36 103 161 86
EPS in Rs 3.99 -12.95 -7.73 5.28 5.62 -18.84 2.53 -11.39 20.38 58.57 91.78 48.92

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
537 728 817 971 1,092 1,432 1,584 1,482 1,895 2,091 1,579 1,631 1,971
451 615 735 871 1,009 1,349 1,488 1,347 1,758 2,081 1,514 1,218 1,410
Operating Profit 86 113 82 100 83 83 96 135 137 9 65 414 561
OPM % 16% 16% 10% 10% 8% 6% 6% 9% 7% 0% 4% 25% 28%
Other Income 4 5 11 11 11 5 3 4 5 12 -31 13 16
Interest 1 2 2 4 3 15 11 14 14 13 16 15 15
Depreciation 14 14 14 14 13 21 27 25 25 27 32 36 36
Profit before tax 75 103 77 93 77 52 60 100 103 -18 -14 376 525
Tax % 35% 32% 30% 32% 35% 32% -6% 31% 36% 33% 29% 25%
Net Profit 49 70 54 63 50 35 64 69 66 -12 -10 280 386
EPS in Rs 27.86 39.82 30.69 35.90 28.72 19.91 36.30 39.40 37.66 -7.09 -5.41 159.35 219.65
Dividend Payout % 13% 10% 13% 11% 14% 20% 11% 10% 11% -28% 0% 6%
Compounded Sales Growth
10 Years:8%
5 Years:1%
3 Years:-5%
TTM:58%
Compounded Profit Growth
10 Years:15%
5 Years:34%
3 Years:60%
TTM:43501%
Stock Price CAGR
10 Years:9%
5 Years:18%
3 Years:26%
1 Year:167%
Return on Equity
10 Years:13%
5 Years:14%
3 Years:15%
Last Year:37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
18 18 18 18 18 18 18 18 18 18 18 18
Reserves 255 317 362 417 460 486 509 569 627 606 592 871
Borrowings 0 0 131 67 89 110 170 209 104 265 224 98
151 187 83 136 281 215 229 254 305 233 222 326
Total Liabilities 424 522 594 638 847 828 925 1,050 1,053 1,122 1,055 1,313
142 136 129 124 136 217 241 219 214 200 365 369
CWIP 11 12 11 29 56 0 2 18 15 96 56 30
Investments 71 93 101 17 33 101 1 1 1 0 0 1
199 281 353 468 621 511 681 812 824 825 634 914
Total Assets 424 522 594 638 847 828 925 1,050 1,053 1,122 1,055 1,313

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
40 55 -15 -24 50 20 28 -16 173 -36 166 282
-29 -26 7 98 -57 -51 -6 -15 -21 -93 -84 -9
-5 -7 25 -73 13 -1 -18 22 -127 135 -124 -137
Net Cash Flow 6 22 17 0 7 -32 5 -9 24 5 -42 136

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 58 55 55 66 74 52 52 55 47 41 40 68
Inventory Days 58 50 56 47 75 52 58 109 75 66 81 111
Days Payable 53 35 10 28 89 48 48 64 63 39 42 86
Cash Conversion Cycle 63 69 101 84 60 56 62 99 59 68 79 93
Working Capital Days 23 28 101 114 102 74 95 133 68 72 79 85
ROCE % 30% 34% 19% 19% 15% 11% 11% 15% 15% -1% 5% 42%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.75 0.69 0.69 0.66 0.51 0.49 0.49 0.46 0.45 0.48 0.48 1.73
6.00 5.98 5.92 5.79 6.24 6.19 6.46 6.49 5.72 5.62 4.64 4.42
18.25 18.33 18.39 18.55 18.25 18.32 18.05 18.05 18.83 18.90 19.88 18.85

Documents