Premier Polyfilm Ltd

Premier Polyfilm Ltd

₹ 189 -0.13%
22 Apr 11:50 a.m.
About

Incorporated in 1992, Premier Polyfilm Ltd manufactures vinyl flooring, PVC Sheeting and Artificial leather cloth which are used for a variety of industrial and consumer application[1]

Key Points

Business Overview:[1]
PPL is an ISO: 9001-2015 certified manufacturer of Specialty Calendared Films and Sheets which are used for various industrial and consumer applications. It is capable of Coating,
Calendaring, Printing, Lamination, Embossing,
Complete inhouse testing with own fabric manufacturing

  • Market Cap 395 Cr.
  • Current Price 189
  • High / Low 254 / 78.7
  • Stock P/E 21.5
  • Book Value 39.6
  • Dividend Yield 0.27 %
  • ROCE 19.6 %
  • ROE 17.0 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 20.0% CAGR over last 5 years

Cons

* 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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Quarterly Results

Figures in Rs. Crores

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
47.10 52.49 34.78 35.21 62.63 59.67 63.23 63.80 62.59 63.88 64.06 67.25 60.97
42.52 44.88 30.60 31.65 56.80 55.58 58.59 59.13 55.95 56.97 55.69 58.72 53.67
Operating Profit 4.58 7.61 4.18 3.56 5.83 4.09 4.64 4.67 6.64 6.91 8.37 8.53 7.30
OPM % 9.72% 14.50% 12.02% 10.11% 9.31% 6.85% 7.34% 7.32% 10.61% 10.82% 13.07% 12.68% 11.97%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.45 0.40 0.44 0.72 0.61 0.52 0.65 0.80 1.02 0.26 0.72 0.62 0.38
Depreciation 1.16 1.13 1.02 0.88 1.05 1.06 1.05 1.12 1.36 1.40 1.27 1.32 1.29
Profit before tax 2.97 6.08 2.72 1.96 4.17 2.51 2.94 2.75 4.26 5.25 6.38 6.59 5.63
Tax % 25.25% 21.05% 18.38% 25.51% 33.57% 43.82% 25.17% 29.45% 28.17% 14.67% 25.08% 25.80% 24.87%
2.22 4.80 2.22 1.46 2.77 1.41 2.20 1.94 3.06 4.48 4.78 4.89 4.23
EPS in Rs 1.06 2.29 1.06 0.70 1.32 0.67 1.05 0.93 1.46 2.14 2.28 2.33 2.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
62 70 81 84 95 103 126 150 147 151 212 252 256
59 66 76 79 87 95 116 139 133 135 193 230 225
Operating Profit 3 4 5 5 8 9 10 11 14 16 19 22 31
OPM % 5% 6% 6% 6% 9% 8% 8% 7% 9% 10% 9% 9% 12%
2 2 1 1 2 2 2 2 1 2 1 1 0
Interest 1 1 1 1 2 3 3 3 3 2 2 3 2
Depreciation 2 2 2 1 3 2 3 3 4 4 4 5 5
Profit before tax 2 3 3 4 5 6 7 6 9 11 14 15 24
Tax % 20% 41% 11% 34% 33% 36% 34% 28% 29% 23% 30% 23%
2 2 3 3 4 4 5 4 6 8 10 12 18
EPS in Rs 0.91 0.91 1.40 1.30 1.75 1.72 2.24 2.13 2.96 4.02 4.67 5.58 8.77
Dividend Payout % 0% 0% 0% 0% 29% 29% 23% 24% 0% 13% 11% 9%
Compounded Sales Growth
10 Years: 14%
5 Years: 15%
3 Years: 20%
TTM: 3%
Compounded Profit Growth
10 Years: 21%
5 Years: 20%
3 Years: 23%
TTM: 113%
Stock Price CAGR
10 Years: 42%
5 Years: 50%
3 Years: 74%
1 Year: 132%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 17%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

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 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 9 11 14 17 21 24 28 31 36 44 52 63 72
10 6 4 15 16 25 32 28 27 14 23 23 0
13 14 15 14 17 21 20 20 20 22 34 40 56
Total Liabilities 43 42 44 57 66 80 90 90 94 90 120 137 139
12 10 9 14 22 29 31 41 42 39 40 53 54
CWIP 0 0 0 7 0 0 2 0 0 1 2 1 0
Investments 0 0 0 0 1 0 0 0 0 3 4 4 5
31 32 35 36 43 51 57 49 51 48 74 78 80
Total Assets 43 42 44 57 66 80 90 90 94 90 120 137 139

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 3 8 1 6 4 3 16 7 17 4 12
-5 2 -3 -10 -5 -8 -8 -9 -7 -4 -7 -17
4 -5 -4 11 2 -2 3 -9 -6 -6 -2 2
Net Cash Flow -1 -0 1 2 3 -6 -2 -1 -5 7 -5 -3

Ratios

Figures in Rs. Crores

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 52 60 56 69 58 68 54 54 54 43 39 47
Inventory Days 122 106 79 63 84 105 114 67 80 57 80 60
Days Payable 51 49 58 45 57 71 45 39 46 26 40 38
Cash Conversion Cycle 122 117 76 86 85 102 123 83 88 73 79 68
Working Capital Days 74 74 56 61 57 66 71 46 64 34 30 31
ROCE % 12% 15% 15% 14% 16% 15% 15% 13% 16% 18% 21% 20%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
47.81% 67.42% 67.42% 67.42% 67.52% 67.47% 67.47% 67.47% 67.47% 67.46% 67.31% 67.37%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
1.43% 1.43% 1.43% 1.43% 1.43% 1.43% 1.43% 1.43% 1.43% 1.43% 1.43% 1.43%
50.76% 31.15% 31.15% 31.15% 31.05% 31.11% 31.10% 31.10% 31.11% 31.13% 31.26% 31.20%
No. of Shareholders 8,65610,07910,45210,85411,14111,53312,01411,95211,83312,35913,62411,862

* 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.

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