Poddar Pigments Ltd

Poddar Pigments Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Poddar Pigments Ltd

₹ 387 1.86%
11 Dec 1:34 p.m.
poddarpigmentsltd.com BSE: 524570 NSE: PODDARMENT
About

Incorporated in 1991, Poddar Pigments is a manufacturer of Color & Additive Master batches for dope dyeing of man-made fibers, various plastic applications[1]

Key Points

Business Overview:[1][2]
PPL is an ISO 9001:2015 Quality Management System certified manufacturer of Color and Additive Masterbatches for dope-dyeing of man-made fibres (MMF), various polymer applications and engineering plastics and compounds. It is the first Indian company to manufacture Masterbatches for dope-dyeing of Polypropylene, Nylon, and Polyester Multi-filament Yarn /Fibers. Company also produces a range of smart products, which impart various forms of functionality to the end products,
be it textiles or plastics

Website BSE NSE
  • Market Cap ₹ 409 Cr.
  • Current Price ₹ 387
  • High / Low ₹ 476 / 312
  • Stock P/E 14.3
  • Book Value ₹ 357
  • Dividend Yield 1.04 %
  • ROCE 12.2 %
  • ROE 8.96 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 1.07 times its book value

Cons

  • The company has delivered a poor sales growth of 0.66% over past five years.
  • Company has a low return on equity of 8.45% over last 3 years.
  • Dividend payout has been low at 13.6% of profits over last 3 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: Chemicals Industry: Dyes And Pigments

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
75.72 76.66 82.81 82.00 89.53 82.57 86.58 91.97 89.06 90.08 97.91 98.85 92.08
70.69 67.96 75.66 73.97 79.54 72.88 76.52 81.96 80.76 81.07 85.92 87.86 85.34
Operating Profit 5.03 8.70 7.15 8.03 9.99 9.69 10.06 10.01 8.30 9.01 11.99 10.99 6.74
OPM % 6.64% 11.35% 8.63% 9.79% 11.16% 11.74% 11.62% 10.88% 9.32% 10.00% 12.25% 11.12% 7.32%
1.22 0.61 1.40 0.79 1.58 1.79 1.43 1.10 1.85 1.78 1.78 1.43 2.62
Interest 0.11 0.08 0.10 0.07 0.07 0.05 0.08 0.05 0.04 0.09 0.06 0.08 0.10
Depreciation 0.52 0.50 0.63 1.44 1.57 1.62 1.57 1.63 1.65 1.64 1.80 2.04 2.07
Profit before tax 5.62 8.73 7.82 7.31 9.93 9.81 9.84 9.43 8.46 9.06 11.91 10.30 7.19
Tax % 22.78% 22.11% 31.20% 25.72% 24.57% 29.05% 24.19% 27.15% 28.25% 21.19% 26.45% 26.21% 28.93%
4.34 6.80 5.39 5.44 7.49 6.96 7.45 6.87 6.07 7.14 8.75 7.61 5.12
EPS in Rs 4.09 6.41 5.08 5.13 7.06 6.56 7.02 6.48 5.72 6.73 8.25 7.17 4.83
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
273 313 318 326 329 334 357 357 261 296 341 369 379
253 291 295 302 301 309 334 329 231 269 303 329 340
Operating Profit 20 23 23 24 27 25 23 28 30 27 38 40 39
OPM % 7% 7% 7% 7% 8% 7% 7% 8% 11% 9% 11% 11% 10%
2 1 3 4 4 7 4 4 4 5 6 7 8
Interest 2 2 1 1 1 1 1 1 0 1 0 0 0
Depreciation 3 3 3 3 3 3 3 3 2 2 6 7 8
Profit before tax 18 19 22 25 28 28 24 29 31 29 37 39 38
Tax % 27% 30% 26% 27% 28% 33% 30% 26% 24% 26% 26% 26%
13 13 16 18 20 19 17 21 24 21 27 29 29
EPS in Rs 12.05 12.70 15.37 17.29 19.10 18.01 15.59 20.03 22.30 20.03 25.77 27.16 26.98
Dividend Payout % 17% 18% 16% 14% 18% 19% 19% 0% 11% 12% 14% 15%
Compounded Sales Growth
10 Years: 2%
5 Years: 1%
3 Years: 12%
TTM: 8%
Compounded Profit Growth
10 Years: 7%
5 Years: 12%
3 Years: 8%
TTM: 5%
Stock Price CAGR
10 Years: 12%
5 Years: 18%
3 Years: 8%
1 Year: 8%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 8%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 61 71 84 99 150 187 208 178 232 307 283 338 368
15 6 1 3 1 1 0 0 0 0 0 0 0
28 32 28 24 27 24 27 33 24 35 38 40 60
Total Liabilities 114 121 123 137 189 222 246 221 267 353 332 388 439
30 28 26 25 27 26 38 36 35 98 101 121 119
CWIP 0 0 0 0 0 0 0 8 36 7 0 0 1
Investments 4 0 6 12 56 82 87 50 91 122 70 100 127
80 93 91 100 105 115 120 127 105 125 160 168 193
Total Assets 114 121 123 137 189 222 246 221 267 353 332 388 439

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10 14 19 4 27 7 22 31 24 -3 16 21
-1 2 -7 -8 -14 -6 -16 -26 -26 -1 -0 -24
-11 -12 -9 -1 -5 -3 -5 -4 -0 -3 -7 -0
Net Cash Flow -2 4 3 -5 8 -2 2 0 -3 -7 8 -3

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 52 49 39 57 57 52 48 42 57 65 57 67
Inventory Days 58 55 57 53 47 67 64 69 87 110 97 82
Days Payable 25 28 22 17 22 19 19 23 24 26 33 27
Cash Conversion Cycle 86 77 74 93 82 101 94 88 120 148 121 122
Working Capital Days 67 68 67 85 78 93 82 72 98 119 97 105
ROCE % 23% 25% 25% 24% 21% 15% 12% 14% 14% 10% 12% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43%
1.00% 0.96% 0.96% 1.02% 0.48% 0.48% 0.51% 0.48% 0.48% 0.20% 0.00% 0.13%
0.25% 0.25% 0.25% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24%
36.33% 36.36% 36.36% 36.30% 36.85% 36.85% 36.81% 36.84% 36.84% 37.14% 37.33% 37.20%
No. of Shareholders 12,42712,72312,22312,36411,86311,49211,01810,5019,83110,3139,8059,695

* 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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