INEOS Styrolution India Ltd

₹ 783 -0.63%
25 Nov - close price
About

INEOS Styrolution India Limited is engaged in the business of producing styrenics plastic with focus on styrene monomer, polystyrene, ABS Standard and styrenics specialties. [1]

Key Points

INEOS Group
The Co is a part of the INEOS Styrolution business under the umbrella of INEOS, one of the largest chemical companies in the world. The group has more than 1500 products and operations in 10 countries with 24 sales offices and 20 production sites, serving more than 4000 customers. [1]

  • Market Cap 1,377 Cr.
  • Current Price 783
  • High / Low 1,456 / 706
  • Stock P/E 5.36
  • Book Value 445
  • Dividend Yield 13.4 %
  • ROCE 47.6 %
  • ROE 37.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 13.4%.
  • Company has delivered good profit growth of 36.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.1%
  • Company has been maintaining a healthy dividend payout of 56.1%

Cons

  • The company has delivered a poor sales growth of 8.01% over past five years.
  • Promoter holding has decreased over last 3 years: -13.8%

* 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: Petrochemicals Industry: Petrochemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
437 340 359 116 395 485 637 455 588 512 624 650 550
421 335 337 136 331 341 409 328 464 429 483 529 510
Operating Profit 15 4 22 -21 63 144 227 126 125 83 141 121 40
OPM % 4% 1% 6% -18% 16% 30% 36% 28% 21% 16% 23% 19% 7%
2 -36 2 1 4 4 4 4 7 2 1 6 4
Interest 3 4 5 2 4 3 5 3 2 1 2 1 1
Depreciation 7 8 9 9 9 9 9 9 10 9 9 9 10
Profit before tax 7 -44 9 -31 55 135 216 118 121 73 130 116 32
Tax % -40% 24% 50% 35% 35% 24% 25% 27% 25% 35% 24% 25% 27%
Net Profit 10 -33 4 -20 36 103 161 86 90 47 99 87 24
EPS in Rs 5.62 -18.84 2.53 -11.39 20.38 58.57 91.78 48.92 51.20 26.97 56.33 49.35 13.42
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
728 817 971 1,092 1,432 1,584 1,482 1,895 2,091 1,579 1,631 2,179 2,336
615 735 871 1,009 1,349 1,488 1,347 1,758 2,081 1,514 1,218 1,704 1,952
Operating Profit 113 82 100 83 83 96 135 137 9 65 414 475 384
OPM % 16% 10% 10% 8% 6% 6% 9% 7% 0% 4% 25% 22% 16%
5 11 11 11 5 3 4 5 12 -31 13 14 12
Interest 2 2 4 3 15 11 14 14 13 16 15 8 6
Depreciation 14 14 14 13 21 27 25 25 27 32 36 38 38
Profit before tax 103 77 93 77 52 60 100 103 -18 -14 376 443 352
Tax % 32% 30% 32% 35% 32% -6% 31% 36% 33% 29% 25% 27%
Net Profit 70 54 63 50 35 64 69 66 -12 -10 280 323 257
EPS in Rs 39.82 30.69 35.90 28.72 19.91 36.30 39.40 37.66 -7.09 -5.41 159.35 183.41 146.07
Dividend Payout % 10% 13% 11% 14% 20% 11% 10% 11% -28% 0% 6% 162%
Compounded Sales Growth
10 Years: 10%
5 Years: 8%
3 Years: 1%
TTM: 8%
Compounded Profit Growth
10 Years: 20%
5 Years: 36%
3 Years: 214%
TTM: -42%
Stock Price CAGR
10 Years: 1%
5 Years: -5%
3 Years: 4%
1 Year: -45%
Return on Equity
10 Years: 16%
5 Years: 20%
3 Years: 28%
Last Year: 37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 317 362 417 460 486 509 569 627 606 592 871 839 765
0 131 67 89 110 170 209 104 265 224 98 52 52
187 83 136 281 215 229 254 305 233 222 326 323 279
Total Liabilities 522 594 638 847 828 925 1,050 1,053 1,122 1,055 1,313 1,232 1,113
136 129 124 136 217 241 219 214 200 365 369 343 332
CWIP 12 11 29 56 0 2 18 15 96 56 30 7 12
Investments 93 101 17 33 101 1 1 1 0 0 1 1 1
281 353 468 621 511 681 812 824 825 634 914 881 768
Total Assets 522 594 638 847 828 925 1,050 1,053 1,122 1,055 1,313 1,232 1,113

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
55 -15 -24 50 20 28 -16 173 -36 166 385 356
-26 7 98 -57 -51 -6 -15 -21 -93 -84 -112 83
-7 25 -73 13 -1 -18 22 -127 135 -124 -137 -412
Net Cash Flow 22 17 0 7 -32 5 -9 24 5 -42 136 27

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 55 55 66 74 52 52 55 47 41 40 68 51
Inventory Days 50 56 47 75 52 58 109 75 66 81 111 91
Days Payable 103 10 28 89 48 48 64 63 39 42 86 63
Cash Conversion Cycle 1 101 84 60 56 62 99 59 68 79 93 79
Working Capital Days 28 101 114 102 74 95 133 68 70 73 85 67
ROCE % 34% 19% 19% 15% 11% 11% 15% 15% -1% 5% 42% 48%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 61.19 61.19
0.49 0.49 0.46 0.45 0.48 0.48 1.73 1.97 2.02 2.04 1.87 1.57
6.19 6.46 6.49 5.72 5.62 4.64 4.42 3.51 3.02 2.86 4.14 4.45
18.32 18.05 18.05 18.83 18.90 19.88 18.85 19.52 19.96 20.10 32.79 32.79

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