Polyplex Corporation Ltd

₹ 2,398 -0.67%
05 Aug - close price
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 33 Years Of Experience in Plastic Films. They have 6 Manufacturing Facilities In 5 Countries with Multiple Warehouses & Liaison Offices Worldwide. [1][2]

Key Points

Product Portfolio
Packaging (72% of revenue):
Food: Retort Pouch, Meat Wrap, Easy Peeling Lids, Wafer Bag, Rice bags, etc
Non-Food: Healthcare Products , Liquid Packaging, Product Labels, Carton Packaging etc.

  • Market Cap 7,529 Cr.
  • Current Price 2,398
  • High / Low 2,870 / 1,324
  • Stock P/E 13.2
  • Book Value 1,056
  • Dividend Yield 3.46 %
  • ROCE 29.1 %
  • ROE 17.9 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 3.46%.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 59.8%

Cons

  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
1,162 1,117 1,088 1,092 1,190 1,160 1,227 1,237 1,294 1,440 1,548 1,751 1,886
979 894 891 879 1,100 848 1,047 908 1,030 1,166 1,291 1,402 1,507
Operating Profit 183 223 198 213 90 312 181 329 264 274 257 349 379
OPM % 16% 20% 18% 20% 8% 27% 15% 27% 20% 19% 17% 20% 20%
62 27 74 3 85 106 13 14 57 7 20 89 61
Interest 7 5 4 4 5 5 4 4 4 4 4 4 5
Depreciation 55 53 56 61 83 69 69 71 71 67 65 69 72
Profit before tax 182 191 211 151 87 344 120 269 246 211 208 364 363
Tax % 3% 19% 8% 18% 75% 4% 15% 16% 17% 12% 19% 16% 16%
Net Profit 102 81 107 71 23 179 76 131 125 112 96 175 186
EPS in Rs 31.86 25.33 33.48 22.19 7.18 55.85 24.37 41.84 39.92 35.52 30.59 55.89 59.18

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2,441 2,426 2,535 3,172 3,204 3,202 3,201 3,572 4,570 4,487 4,918 6,624
2,188 1,946 2,347 3,080 2,919 2,849 2,758 3,078 3,838 3,706 3,701 5,316
Operating Profit 253 479 188 92 285 353 443 494 732 781 1,217 1,308
OPM % 10% 20% 7% 3% 9% 11% 14% 14% 16% 17% 25% 20%
1,294 -56 63 37 70 -32 177 44 163 131 59 128
Interest 47 34 32 54 56 48 47 39 29 18 18 16
Depreciation 84 202 150 192 216 209 197 185 209 253 280 273
Profit before tax 1,415 188 69 -117 83 64 376 314 657 640 979 1,147
Tax % 6% -11% 4% 55% 6% 75% 4% 9% 11% 23% 12% 16%
Net Profit 1,056 94 21 -7 38 29 232 159 330 282 512 569
EPS in Rs 330.02 29.38 6.64 -2.14 11.87 9.08 72.44 49.85 103.18 88.18 163.04 181.19
Dividend Payout % 4% 14% 46% -95% 21% 34% 10% 82% 50% 20% 102% 57%
Compounded Sales Growth
10 Years: 11%
5 Years: 16%
3 Years: 13%
TTM: 35%
Compounded Profit Growth
10 Years: 15%
5 Years: 24%
3 Years: 20%
TTM: 11%
Stock Price CAGR
10 Years: 31%
5 Years: 40%
3 Years: 70%
1 Year: 56%
Return on Equity
10 Years: 8%
5 Years: 13%
3 Years: 15%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
33 33 33 33 33 33 33 33 33 33 32 32
Reserves 1,574 1,867 1,973 2,228 2,088 2,289 2,270 2,516 2,739 2,997 3,021 3,284
728 723 1,580 2,079 1,655 1,294 810 863 786 758 691 946
907 891 1,000 970 968 951 1,243 1,457 1,648 1,952 2,424 2,984
Total Liabilities 3,241 3,513 4,585 5,309 4,744 4,566 4,356 4,868 5,205 5,739 6,168 7,246
1,374 1,540 1,518 2,498 2,569 2,406 2,184 2,218 2,242 2,824 2,759 3,152
CWIP 112 90 1,152 653 8 3 10 8 181 30 325 126
Investments 28 29 67 66 16 1 100 133 123 233 288 276
1,726 1,854 1,848 2,092 2,151 2,157 2,062 2,509 2,658 2,652 2,796 3,692
Total Assets 3,241 3,513 4,585 5,309 4,744 4,566 4,356 4,868 5,205 5,739 6,168 7,246

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
487 463 72 114 376 448 441 307 551 731 1,102 560
430 -217 -1,038 -391 -0 86 -246 -106 -265 -323 -451 1
-185 -103 862 311 -234 -473 -436 -42 -312 -298 -660 -232
Net Cash Flow 731 143 -104 33 142 61 -240 159 -26 110 -8 329

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 50 41 50 47 46 49 53 56 48 55 50 61
Inventory Days 142 92 100 86 82 78 88 103 92 105 133 132
Days Payable 77 45 46 34 38 36 52 48 32 37 55 51
Cash Conversion Cycle 115 88 103 99 90 92 90 110 107 123 128 141
Working Capital Days 76 55 63 52 64 65 58 78 73 83 73 105
ROCE % 43% 13% 3% -2% 5% 5% 11% 11% 20% 16% 26% 29%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
50.03 50.03 50.03 50.66 50.97 50.97 50.97 50.97 50.97 50.97 50.97 50.97
3.56 3.54 3.92 3.71 7.08 7.51 8.38 7.71 8.64 9.29 10.23 12.78
5.63 6.72 6.80 7.18 6.06 6.13 6.06 5.89 5.33 4.87 4.55 3.63
40.78 39.71 39.25 38.45 35.89 35.38 34.59 35.42 35.06 34.87 34.25 32.62

Documents

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