Sah Polymers Ltd

Sah Polymers Ltd

₹ 94.6 -0.73%
08 May - close price
About

Incorporated in 1992, Sah Polymers
Ltd does manufacturing and marketing
of FIBC and other flexible packaging
products[1]

Key Points

Business Overview:[1][2]
SAHPL is a Recognized Star Export
House by the Government of India. It is
a manufacturer of Flexible Intermediate
Bulk Containers from Simple builder bags
to complex C panel and circular baffle bags, Polypropylene Woven Bags, BOPP Laminated Bags

  • Market Cap 244 Cr.
  • Current Price 94.6
  • High / Low 146 / 78.6
  • Stock P/E 370
  • Book Value 32.3
  • Dividend Yield 0.53 %
  • ROCE 3.46 %
  • ROE 0.79 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.93 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 4.85% over last 3 years.
  • Earnings include an other income of Rs.2.19 Cr.
  • Debtor days have increased from 60.1 to 74.7 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: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
26.57 24.04 17.00 14.75 19.60 26.34 25.32 29.51
25.05 22.61 15.70 13.36 18.27 25.47 24.76 28.50
Operating Profit 1.52 1.43 1.30 1.39 1.33 0.87 0.56 1.01
OPM % 5.72% 5.95% 7.65% 9.42% 6.79% 3.30% 2.21% 3.42%
0.32 0.22 0.53 0.43 0.46 0.45 0.89 0.39
Interest 0.33 0.38 0.58 0.62 0.72 0.69 0.84 0.72
Depreciation 0.22 0.23 0.23 0.45 0.52 0.51 0.56 0.57
Profit before tax 1.29 1.04 1.02 0.75 0.55 0.12 0.05 0.11
Tax % 27.91% 27.88% 22.55% 22.67% 21.82% 8.33% 20.00% 27.27%
0.94 0.75 0.79 0.58 0.43 0.11 0.05 0.08
EPS in Rs 0.60 0.48 0.51 0.22 0.17 0.04 0.02 0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
42 43 45 49 54 76 82 101
40 41 43 47 52 69 76 97
Operating Profit 2 2 2 2 3 7 6 4
OPM % 5% 5% 5% 4% 5% 9% 7% 4%
0 0 0 1 1 1 2 2
Interest 1 1 1 2 1 1 2 3
Depreciation 1 1 1 1 1 1 1 2
Profit before tax 0 0 1 1 2 5 4 1
Tax % 81% 94% 49% 43% 22% 22% 26% 21%
0 0 0 0 1 4 3 1
EPS in Rs 0.04 0.01 0.24 0.19 0.81 2.58 1.19 0.26
Dividend Payout % 0% 0% 0% 0% 0% 0% 42% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 17%
3 Years: 23%
TTM: 22%
Compounded Profit Growth
10 Years: 27%
5 Years: 8%
3 Years: -20%
TTM: -78%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 18%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 5%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 16 16 16 16 26 26
Reserves 1 1 3 4 4 8 58 58
10 10 11 10 14 29 23 30
4 4 7 7 7 9 10 10
Total Liabilities 29 29 37 36 41 62 117 124
15 14 13 13 14 14 43 53
CWIP 0 0 0 0 0 7 1 1
Investments 3 3 0 1 0 6 6 0
11 12 24 23 26 35 67 70
Total Assets 29 29 37 36 41 62 117 124

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 2 3 1 1 -1 -16 -1
-2 0 -0 -0 -2 -13 -22 -4
-1 -2 -2 -1 2 14 47 -5
Net Cash Flow -1 -0 1 -0 1 -1 9 -10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 32 34 71 67 65 59 47 75
Inventory Days 58 60 66 61 54 71 118 119
Days Payable 20 24 45 49 32 39 36 44
Cash Conversion Cycle 70 70 91 79 87 91 128 150
Working Capital Days 63 61 127 115 116 113 159 165
ROCE % 7% 7% 9% 15% 8%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.46% 60.46% 60.46% 60.46% 60.46%
11.80% 6.55% 4.19% 3.58% 3.15%
27.73% 33.00% 35.34% 35.96% 36.40%
No. of Shareholders 11,0239,3148,5037,7077,897

* 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.

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