Polysil Irrigation Systems Ltd

Polysil Irrigation Systems Ltd

₹ 39.0 -4.88%
02 May 2:59 p.m.
About

Polysil Irrigation Systems Limited manufactures and distributes HDPE pipes, fittings, and micro irrigation systems, such as drip irrigation systems and sprinkler irrigation systems as well as their components, accessories, and related products.[1]

Key Points

Product Portfolio[1] HDPE pipes, pipe fittings, irrigation equipment, including disc filters, screen filters, hydrocyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanical), fertilizer tanks, digital controllers, pressure gages, etc.

  • Market Cap 44.2 Cr.
  • Current Price 39.0
  • High / Low 58.8 / 29.2
  • Stock P/E 38.8
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 13.9 %
  • ROE 7.84 %
  • Face Value 10.0

Pros

Cons

  • Promoter holding has decreased over last quarter: -2.62%
  • Promoter holding is low: 31.2%
  • Company has a low return on equity of 5.18% over last 3 years.
  • Company has high debtors of 234 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: Plastic products Industry: Plastics Products

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Half Yearly Results

Figures in Rs. Crores

Sep 2022 Sep 2023
12.85 10.38
10.24 7.25
Operating Profit 2.61 3.13
OPM % 20.31% 30.15%
0.00 0.01
Interest 0.68 0.90
Depreciation 0.25 0.37
Profit before tax 1.68 1.87
Tax % 0.00% 35.83%
1.68 1.20
EPS in Rs 369.23 1.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
39.39 54.19 37.61 43.87
36.60 51.13 34.76 39.25
Operating Profit 2.79 3.06 2.85 4.62
OPM % 7.08% 5.65% 7.58% 10.53%
0.06 0.13 0.05 0.05
Interest 0.83 1.14 1.49 1.49
Depreciation 1.20 1.01 0.73 0.53
Profit before tax 0.82 1.04 0.68 2.65
Tax % 39.02% 37.50% 50.00% 57.36%
0.50 0.65 0.34 1.14
EPS in Rs 111.11 142.86 74.73 1.15
Dividend Payout % 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 4%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 32%
TTM: 235%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 5%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.45 0.46 0.46 9.90 9.90
Reserves 12.23 12.93 13.27 5.46 6.66
12.36 11.05 14.95 15.47 15.34
13.67 17.51 17.59 24.49 24.96
Total Liabilities 38.71 41.95 46.27 55.32 56.86
7.21 6.80 8.26 9.35 9.05
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00
31.50 35.15 38.01 45.97 47.81
Total Assets 38.71 41.95 46.27 55.32 56.86

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.99 -0.42 -0.41 2.00
-0.37 -0.92 -2.28 -1.61
-0.47 1.49 2.41 -0.47
Net Cash Flow 0.15 0.15 -0.28 -0.08

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 114.16 122.12 210.60 233.88
Inventory Days 208.57 146.65 239.83 200.71
Days Payable 154.19 110.55 179.63 193.66
Cash Conversion Cycle 168.54 158.21 270.80 240.93
Working Capital Days 160.49 122.32 215.06 198.02
ROCE % 8.81% 8.17% 13.91%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2024
31.17%
68.83%
No. of Shareholders 1,267

Documents