Polychem Ltd

₹ 795 -1.00%
Jan 24 - close price
About

Polychem Ltd is engaged in the manufacturing of specialty chemicals and property development. It has manufacturing plant in India and sells in the domestic as well as international market.[1]

Key Points

Product Portfolio
The company manufacture polymers & co-polymers from styrene, divinyl benzene, acrylic acid and acrylates through either suspension polymerization route or emulsion polymerization route.[1]

  • Market Cap 31.8 Cr.
  • Current Price 795
  • High / Low 936 / 385
  • Stock P/E 28.9
  • Book Value 636
  • Dividend Yield 0.00 %
  • ROCE 5.33 %
  • ROE 3.28 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 10.96% for last 3 years.
  • Earnings include an other income of Rs.1.26 Cr.
  • Debtor days have increased from 86.30 to 107.14 days.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
10.30 9.04 9.60 9.62 8.66 8.75 2.75 5.90 6.92 9.06 7.67 8.25
9.15 7.89 8.42 8.81 7.37 8.09 3.51 5.83 6.44 8.24 7.32 8.78
Operating Profit 1.15 1.15 1.18 0.81 1.29 0.66 -0.76 0.07 0.48 0.82 0.35 -0.53
OPM % 11.17% 12.72% 12.29% 8.42% 14.90% 7.54% -27.64% 1.19% 6.94% 9.05% 4.56% -6.42%
Other Income 0.13 0.19 0.16 0.27 0.28 0.40 0.53 0.24 0.49 0.17 0.26 0.34
Interest 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Depreciation 0.08 0.11 0.11 0.11 0.31 0.17 0.17 0.18 0.20 0.20 0.17 0.17
Profit before tax 1.20 1.23 1.23 0.97 1.25 0.88 -0.41 0.12 0.76 0.78 0.43 -0.37
Tax % 0.00% 0.81% 13.01% 17.53% 14.40% 22.73% 0.00% 8.33% 0.00% -3.85% -2.33% 0.00%
Net Profit 0.76 0.81 0.84 0.74 0.90 0.58 -0.19 0.04 0.56 0.42 0.27 -0.15
EPS in Rs 18.81 20.05 20.79 18.32 22.28 14.36 -4.70 0.99 13.86 10.40 6.68 -3.71

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
12.63 26.70 30.75 41.54 36.64 24.63 31.90
12.93 26.58 30.23 35.52 32.69 23.98 30.78
Operating Profit -0.30 0.12 0.52 6.02 3.95 0.65 1.12
OPM % -2.38% 0.45% 1.69% 14.49% 10.78% 2.64% 3.51%
Other Income 1.00 0.81 0.34 0.43 1.12 1.43 1.26
Interest 0.00 0.04 0.01 0.00 0.04 0.08 0.04
Depreciation 0.23 0.30 0.29 0.32 0.70 0.73 0.74
Profit before tax 0.47 0.59 0.56 6.13 4.33 1.27 1.60
Tax % 27.66% -32.20% 7.14% 0.00% 16.17% -1.57%
Net Profit 0.34 0.81 0.23 3.62 3.07 0.83 1.10
EPS in Rs 8.42 20.05 5.69 89.60 75.99 20.54 27.23
Dividend Payout % 29.41% 12.35% 0.00% 2.76% 16.29% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: -7%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 53%
TTM: -17%
Stock Price CAGR
10 Years: 18%
5 Years: 15%
3 Years: 34%
1 Year: 75%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 11%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
0.40 0.40 0.40 0.40 0.40 0.40 0.40
Reserves 14.84 18.18 18.28 21.86 24.73 25.12 25.27
Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.20 3.05 3.78 5.35 7.24 7.72 7.60
Total Liabilities 16.44 21.63 22.46 27.61 32.37 33.24 33.27
0.54 2.20 2.23 2.66 3.56 3.10 2.84
CWIP 0.00 0.00 0.00 0.08 0.00 0.00 0.00
Investments 2.19 2.90 3.06 7.43 8.12 10.13 10.56
13.71 16.53 17.17 17.44 20.69 20.01 19.87
Total Assets 16.44 21.63 22.46 27.61 32.37 33.24 33.27

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.00 0.02 0.28 3.64 5.88 1.36
0.00 -0.01 0.27 -4.20 -3.61 0.56
0.00 -0.10 -0.11 0.00 -0.41 -0.82
Net Cash Flow 0.00 -0.09 0.45 -0.56 1.87 1.10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 68.20 73.55 86.41 74.95 76.81 107.14
Inventory Days 120.45 118.31 95.57 73.00 79.36 119.54
Days Payable 38.06 38.78 43.13 15.70 20.21 40.73
Cash Conversion Cycle 150.59 153.08 138.85 132.25 135.95 185.95
Working Capital Days 259.81 80.11 75.49 79.52 62.06 87.58
ROCE % 4.49% 3.06% 30.73% 18.44% 5.33%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
52.09 52.09 52.09 52.09 52.09 52.09 52.09 52.09 52.09 52.09 52.09 52.09
4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 3.25
43.61 43.61 43.61 43.61 43.61 43.61 43.61 43.61 43.61 43.61 43.61 44.66

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