Sah Polymers Ltd

Sah Polymers Ltd

₹ 97.0 0.47%
26 Apr - 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 250 Cr.
  • Current Price 97.0
  • High / Low 146 / 72.6
  • Stock P/E 210
  • Book Value 33.7
  • Dividend Yield 0.52 %
  • ROCE 9.00 %
  • ROE 6.29 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.88 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2.44 Cr.

* 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

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
27.22 26.41 21.87 19.89 23.29 27.54 25.95
25.23 24.46 20.32 18.36 21.59 26.54 25.16
Operating Profit 1.99 1.95 1.55 1.53 1.70 1.00 0.79
OPM % 7.31% 7.38% 7.09% 7.69% 7.30% 3.63% 3.04%
0.37 0.22 0.71 0.52 0.54 0.49 0.89
Interest 0.36 0.44 0.70 0.72 0.79 0.75 0.93
Depreciation 0.28 0.29 0.29 0.54 0.58 0.57 0.61
Profit before tax 1.72 1.44 1.27 0.79 0.87 0.17 0.14
Tax % 27.33% 24.31% 20.47% 36.71% 31.03% 29.41% 50.00%
1.25 1.09 1.01 0.50 0.61 0.11 0.07
EPS in Rs 0.71 0.65 0.58 0.22 0.20 0.04 0.02
Raw PDF
Upcoming result date: 3 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2022 Mar 2023 TTM
45.18 49.10 80.41 95.33 96.67
42.74 47.04 73.21 88.11 91.65
Operating Profit 2.44 2.06 7.20 7.22 5.02
OPM % 5.40% 4.20% 8.95% 7.57% 5.19%
0.28 0.81 0.72 1.82 2.44
Interest 1.26 1.59 1.42 2.51 3.19
Depreciation 0.71 0.77 1.01 1.40 2.30
Profit before tax 0.75 0.51 5.49 5.13 1.97
Tax % 49.33% 43.14% 20.40% 26.51%
0.37 0.30 4.37 3.77 1.29
EPS in Rs 0.24 0.19 2.69 1.33 0.48
Dividend Payout % 0.00% 0.00% 0.00% 37.72%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 125%
TTM: -19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 33%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2022 Mar 2023 Sep 2023
Equity Capital 15.60 15.60 15.60 25.80 25.80
Reserves 3.38 3.67 8.45 58.84 61.09
11.28 10.37 30.44 25.05 33.59
6.52 6.74 14.18 16.47 15.88
Total Liabilities 36.78 36.38 68.67 126.16 136.36
13.09 13.19 18.67 47.35 47.59
CWIP 0.00 0.00 6.68 0.93 1.64
Investments 0.00 0.00 0.00 0.00 0.00
23.69 23.19 43.32 77.88 87.13
Total Assets 36.78 36.38 68.67 126.16 136.36

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2022 Mar 2023
3.32 2.63 -0.79 -16.98
-0.94 -1.45 -10.96 -19.91
-1.61 -1.66 11.11 45.61
Net Cash Flow 0.76 -0.48 -0.64 8.72

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2022 Mar 2023
Debtor Days 70.61 66.90 62.91 61.80
Inventory Days 65.90 61.27 101.02 162.36
Days Payable 45.18 48.93 50.87 51.74
Cash Conversion Cycle 91.32 79.25 113.07 172.41
Working Capital Days 126.68 115.00 129.50 165.10
ROCE % 7.01% 9.00%

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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