Polyplex Corporation Ltd

Polyplex Corporation is principally engaged in the manufacturing of plastic films and has currently manufacturing plants located in India, Thailand, USA, and Turkey with worldwide distribution.(Source : 201903 Annual Report Page No: 143)

  • Market Cap: 2,406 Cr.
  • Current Price: 752.30
  • 52 weeks High / Low 805.00 / 282.50
  • Book Value: 947.10
  • Stock P/E: 9.08
  • Dividend Yield: 2.26 %
  • ROCE: 19.69 %
  • ROE: 12.42 %
  • Sales Growth (3Yrs): 12.59 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has reduced debt.
Stock is trading at 0.79 times its book value
Company has delivered good profit growth of 115.58% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 47.28%
Cons:
The company has delivered a poor growth of 7.57% over past five years.
Company has a low return on equity of 9.02% for last 3 years.
Contingent liabilities of Rs.1571.33 Cr.
Company might be capitalizing the interest cost

Peer comparison Sector: Packaging // Industry: Packaging

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
816 863 913 980 1,065 1,173 1,170 1,162 1,117 1,088 1,092 1,190
736 740 771 832 904 965 990 979 894 891 879 1,100
Operating Profit 80 123 142 147 161 208 179 183 223 198 213 90
OPM % 10% 14% 16% 15% 15% 18% 15% 16% 20% 18% 20% 8%
Other Income 8 8 12 17 46 21 35 62 27 74 3 85
Interest 7 8 8 16 8 8 7 7 5 4 4 5
Depreciation 48 49 50 38 50 51 53 55 53 56 61 83
Profit before tax 33 74 96 110 149 171 154 182 191 211 151 87
Tax % 15% 12% 11% 5% 23% 7% 14% 3% 19% 8% 18% 75%
Net Profit 28 36 50 59 61 90 77 102 81 107 71 23
EPS in Rs 4.65 11.20 15.70 18.32 19.04 28.14 24.15 31.86 25.33 33.48 22.19 7.18
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,001 1,121 1,218 2,441 2,426 2,535 3,172 3,204 3,202 3,201 3,572 4,570 4,487
835 886 999 1,551 1,948 2,347 3,080 2,920 2,783 2,758 3,078 3,838 3,764
Operating Profit 166 235 219 890 478 188 92 284 419 443 494 732 723
OPM % 17% 21% 18% 36% 20% 7% 3% 9% 13% 14% 14% 16% 16%
Other Income 12 22 25 656 -54 63 37 70 -98 177 44 163 188
Interest 21 37 27 47 34 32 54 56 48 47 39 29 18
Depreciation 39 54 60 84 202 150 192 216 209 197 185 209 253
Profit before tax 118 166 156 1,415 188 69 -117 83 64 376 314 657 640
Tax % 4% 7% 12% 6% -11% 4% 55% 6% 75% 4% 9% 11%
Net Profit 82 110 94 1,056 94 21 -7 38 29 232 159 330 282
EPS in Rs 24.35 32.73 27.71 322.59 28.22 6.52 0.00 11.57 8.92 71.16 48.97 101.35 88.18
Dividend Payout % 12% 11% 14% 4% 14% 46% -95% 21% 34% 10% 82% 50%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.09%
5 Years:7.57%
3 Years:12.59%
TTM:-1.81%
Compounded Profit Growth
10 Years:11.59%
5 Years:115.58%
3 Years:99.50%
TTM:-19.74%
Stock Price CAGR
10 Years:14.23%
5 Years:23.85%
3 Years:20.06%
1 Year:53.94%
Return on Equity
10 Years:7.96%
5 Years:6.69%
3 Years:9.02%
Last Year:12.42%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
17 17 17 33 33 33 33 33 33 33 33 33 33
Reserves 481 620 646 1,574 1,867 1,973 2,228 2,088 2,289 2,270 2,516 2,739 2,997
Borrowings 455 681 854 728 723 1,580 2,079 1,655 1,294 810 863 786 688
324 369 487 907 891 1,000 970 968 951 1,243 1,457 1,648 2,045
Total Liabilities 1,276 1,687 2,004 3,241 3,513 4,585 5,309 4,744 4,566 4,356 4,868 5,205 5,762
599 913 1,357 1,374 1,540 1,518 2,498 2,569 2,406 2,184 2,218 2,242 2,824
CWIP 264 218 31 112 90 1,152 653 8 3 10 8 181 30
Investments 15 50 0 28 29 67 66 16 1 100 133 123 233
398 506 615 1,726 1,854 1,848 2,092 2,151 2,157 2,062 2,509 2,658 2,676
Total Assets 1,276 1,687 2,004 3,241 3,513 4,585 5,309 4,744 4,566 4,356 4,868 5,205 5,762

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
98 206 247 487 463 72 114 376 448 441 307 551
-227 -305 -334 430 -217 -1,038 -391 -0 86 -246 -106 -265
120 173 124 -185 -103 862 311 -234 -473 -436 -42 -312
Net Cash Flow -9 73 36 731 143 -104 33 142 61 -240 159 -26

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 16% 18% 13% 43% 13% 3% -2% 5% 5% 11% 11% 20%
Debtor Days 75 65 53 50 41 50 47 46 49 53 56 48
Inventory Turnover 5.57 4.39 3.85 3.77 4.33 4.33 5.04 4.51 4.99 4.74 4.43 4.70

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
50.03 50.03 50.03 50.03 50.03 50.03 50.03 50.03 50.03 50.03 50.03 50.66
1.76 2.16 2.16 2.15 1.85 2.07 2.14 2.58 3.56 3.54 3.92 3.71
8.34 6.41 5.25 4.92 4.79 5.04 5.28 5.32 5.63 6.72 6.80 7.18
39.87 41.40 42.56 42.90 43.33 42.86 42.56 42.07 40.78 39.71 39.25 38.45