Polyplex Corporation Ltd

Polyplex Corpn Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Polyplex Corporation Ltd

₹ 955 0.36%
25 Apr 4:01 p.m.
polyplex.com BSE: 524051 NSE : POLYPLEX
About

Polyplex Corporation is engaged in manufacturing of BOPP, Blown PP/PE and CPP films used in the flexible packaging industry and in industrial usages like release liners, tapes, labels etc. They have 35 Years Of Experience in Plastic Films. They have 7 Manufacturing Facilities In 5 Countries with Multiple Warehouses & Liaison Offices Worldwide. [1]

Key Points

Leading Packaging Company[1][2][3]
It is a leading global PET film manufacturer with a polyethylene terephthalate (PET) film capacity of 4,78,500 metric tonne (MT) (including upcoming capacities).
Polyplex is Ranked #2 Globally (ex-China) in Thin BOPET Film Capacity with market share of ~10% globally.

Website BSE NSE
  • Market Cap ₹ 2,996 Cr.
  • Current Price ₹ 955
  • High / Low ₹ 1,644 / 760
  • Stock P/E
  • Book Value ₹ 222
  • Dividend Yield 2.41 %
  • ROCE 41.8 %
  • ROE 41.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 63.8%
  • Company has been maintaining a healthy dividend payout of 92.9%
  • Debtor days have improved from 35.5 to 27.3 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.64% over past five years.
  • Promoter holding is low: 26.7%
  • Promoters have pledged 99.9% of their holding.
  • Earnings include an other income of Rs.33.4 Cr.
  • Promoter holding has decreased over last 3 years: -24.3%

* 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: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
336.65 353.61 391.94 410.95 467.28 514.60 476.93 467.89 369.55 333.49 351.04 381.33 312.81
279.34 300.35 348.46 367.81 386.45 411.07 403.09 430.39 362.52 338.91 343.83 371.36 321.73
Operating Profit 57.31 53.26 43.48 43.14 80.83 103.53 73.84 37.50 7.03 -5.42 7.21 9.97 -8.92
OPM % 17.02% 15.06% 11.09% 10.50% 17.30% 20.12% 15.48% 8.01% 1.90% -1.63% 2.05% 2.61% -2.85%
22.85 300.15 0.41 169.16 47.79 119.61 77.04 21.47 153.47 5.19 4.66 14.17 9.43
Interest 0.68 0.58 0.61 0.55 0.56 0.49 0.28 0.18 0.14 0.11 0.63 0.67 0.69
Depreciation 14.62 15.03 12.29 12.34 13.07 13.50 11.31 11.88 12.33 12.40 10.43 10.93 11.82
Profit before tax 64.86 337.80 30.99 199.41 114.99 209.15 139.29 46.91 148.03 -12.74 0.81 12.54 -12.00
Tax % 17.81% 3.27% 28.69% 5.52% 15.54% 12.10% 13.81% 18.23% 0.35% 11.30% 30.86% 13.88% 24.25%
53.31 326.74 22.10 188.40 97.12 183.85 120.06 38.36 147.51 -11.30 0.56 10.80 -9.09
EPS in Rs 16.98 104.08 7.04 60.01 30.94 58.56 38.24 12.22 46.99 -3.60 0.18 3.44 -2.90
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
897 948 1,119 1,052 968 944 1,089 1,348 1,273 1,299 1,785 1,648 1,379
753 893 1,024 953 879 867 1,010 1,202 1,123 1,078 1,514 1,535 1,376
Operating Profit 145 55 94 99 89 77 79 145 150 221 271 113 3
OPM % 16% 6% 8% 9% 9% 8% 7% 11% 12% 17% 15% 7% 0%
77 50 23 17 8 50 64 192 220 339 337 257 33
Interest 26 22 20 16 8 19 16 5 3 3 2 1 2
Depreciation 144 78 73 77 65 53 48 45 55 57 51 48 46
Profit before tax 51 5 24 23 25 55 79 287 313 499 555 321 -11
Tax % -50% -5% -38% 13% -8% 17% 26% 21% 27% 9% 11% 8%
76 5 33 20 27 46 59 228 230 453 491 295 -9
EPS in Rs 23.76 1.60 10.20 6.23 8.43 14.29 18.42 71.31 71.85 144.43 156.55 93.85 -2.88
Dividend Payout % 17% 191% 20% 41% 36% 50% 221% 73% 24% 116% 68% 95%
Compounded Sales Growth
10 Years: 6%
5 Years: 9%
3 Years: 9%
TTM: -25%
Compounded Profit Growth
10 Years: 54%
5 Years: 38%
3 Years: 9%
TTM: -102%
Stock Price CAGR
10 Years: 19%
5 Years: 13%
3 Years: 2%
1 Year: -25%
Return on Equity
10 Years: 37%
5 Years: 56%
3 Years: 64%
Last Year: 41%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 33 33 33 33 33 33 33 33 33 32 32 32 32
Reserves 347 343 368 381 398 408 439 523 584 525 700 662 664
403 397 412 323 179 205 218 218 167 161 88 26 47
105 66 57 55 66 41 60 70 76 111 90 70 82
Total Liabilities 887 839 870 791 677 687 750 843 859 829 910 791 825
580 520 493 462 416 353 319 330 360 327 314 293 285
CWIP 2 10 30 1 2 0 2 4 5 5 7 10 13
Investments 39 20 25 35 20 47 47 55 119 49 82 47 47
267 290 322 294 239 287 381 454 374 447 507 441 481
Total Assets 887 839 870 791 677 687 750 843 859 829 910 791 825

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
155 -25 64 138 144 16 12 33 155 157 142 158
-31 24 -31 -43 9 -25 22 111 68 351 271 225
-75 -44 -38 -91 -157 6 -33 -144 -221 -498 -410 -386
Net Cash Flow 48 -45 -5 5 -5 -3 1 -0 2 10 2 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 16 32 35 36 24 32 39 47 41 40 40 27
Inventory Days 67 62 55 47 49 69 68 67 66 73 67 68
Days Payable 8 5 3 5 7 6 8 9 7 13 10 8
Cash Conversion Cycle 74 89 86 78 66 95 99 105 99 100 97 87
Working Capital Days 15 54 58 50 34 60 80 84 71 78 78 72
ROCE % 19% 3% 6% 5% 6% 12% 14% 40% 41% 67% 72% 42%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.97% 50.97% 50.97% 50.97% 50.97% 50.97% 50.97% 50.97% 50.97% 50.97% 26.70% 26.70%
7.71% 8.64% 9.29% 10.23% 12.78% 14.81% 13.16% 12.68% 10.84% 9.41% 8.29% 7.92%
5.89% 5.33% 4.87% 4.55% 3.63% 3.02% 2.83% 2.82% 2.81% 2.26% 2.27% 2.31%
35.42% 35.06% 34.87% 34.25% 32.62% 31.21% 33.04% 33.53% 35.37% 37.37% 62.74% 63.07%
No. of Shareholders 54,28089,2461,05,3311,09,2791,27,0141,33,2161,43,3541,45,1561,48,7141,53,8001,52,6601,46,268

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Feb 2024
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  • Nov 2023
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  • May 2023
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  • Nov 2021
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  • Nov 2020
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  • Nov 2019
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