Styrenix Performance Materials Ltd
Incorporated in 1973, Styrenix Performance Materials Ltd manufactures, trades and sells Engineering Thermoplastics[1]
- Market Cap ₹ 2,708 Cr.
- Current Price ₹ 1,540
- High / Low ₹ 1,650 / 770
- Stock P/E 16.3
- Book Value ₹ 433
- Dividend Yield 6.75 %
- ROCE 30.0 %
- ROE 22.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 6.75%.
- Company has delivered good profit growth of 21.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
- Company has been maintaining a healthy dividend payout of 89.4%
- Company's working capital requirements have reduced from 61.2 days to 31.5 days
Cons
- The company has delivered a poor sales growth of 4.59% over past five years.
- Promoters have pledged 100% of their holding.
- Promoter holding has decreased over last 3 years: -12.3%
* 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: Petrochemicals Industry: Petrochemicals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
817 | 971 | 1,092 | 1,432 | 1,584 | 1,482 | 1,895 | 2,091 | 1,579 | 1,631 | 2,179 | 2,372 | 2,239 | |
735 | 871 | 1,009 | 1,349 | 1,488 | 1,347 | 1,758 | 2,081 | 1,514 | 1,218 | 1,704 | 2,097 | 1,981 | |
Operating Profit | 82 | 100 | 83 | 83 | 96 | 135 | 137 | 9 | 65 | 414 | 475 | 275 | 258 |
OPM % | 10% | 10% | 8% | 6% | 6% | 9% | 7% | 0% | 4% | 25% | 22% | 12% | 12% |
11 | 11 | 11 | 5 | 3 | 4 | 5 | 12 | -31 | 13 | 14 | 15 | 10 | |
Interest | 2 | 4 | 3 | 15 | 11 | 14 | 14 | 13 | 16 | 15 | 8 | 5 | 4 |
Depreciation | 14 | 14 | 13 | 21 | 27 | 25 | 25 | 27 | 32 | 36 | 38 | 38 | 37 |
Profit before tax | 77 | 93 | 77 | 52 | 60 | 100 | 103 | -18 | -14 | 376 | 443 | 247 | 227 |
Tax % | 30% | 32% | 35% | 32% | -6% | 31% | 36% | 33% | 29% | 25% | 27% | 26% | |
54 | 63 | 50 | 35 | 64 | 69 | 66 | -12 | -10 | 280 | 323 | 183 | 166 | |
EPS in Rs | 30.69 | 35.90 | 28.72 | 19.91 | 36.30 | 39.40 | 37.66 | -7.09 | -5.41 | 159.35 | 183.41 | 104.07 | 94.53 |
Dividend Payout % | 13% | 11% | 14% | 20% | 11% | 10% | 11% | -28% | 0% | 6% | 162% | 100% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 5% |
3 Years: | 15% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 22% |
3 Years: | 84% |
TTM: | -31% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 24% |
3 Years: | 12% |
1 Year: | 96% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 22% |
3 Years: | 32% |
Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
Reserves | 362 | 417 | 460 | 486 | 509 | 569 | 627 | 606 | 592 | 871 | 839 | 697 | 744 |
131 | 67 | 89 | 110 | 170 | 209 | 104 | 265 | 224 | 98 | 52 | 35 | 32 | |
83 | 136 | 281 | 215 | 229 | 254 | 305 | 233 | 222 | 326 | 323 | 513 | 294 | |
Total Liabilities | 594 | 638 | 847 | 828 | 925 | 1,050 | 1,053 | 1,122 | 1,055 | 1,313 | 1,232 | 1,263 | 1,088 |
129 | 124 | 136 | 217 | 241 | 219 | 214 | 200 | 365 | 369 | 343 | 309 | 302 | |
CWIP | 11 | 29 | 56 | 0 | 2 | 18 | 15 | 96 | 56 | 30 | 7 | 12 | 13 |
Investments | 101 | 17 | 33 | 101 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
353 | 468 | 621 | 511 | 681 | 812 | 824 | 825 | 634 | 914 | 881 | 940 | 772 | |
Total Assets | 594 | 638 | 847 | 828 | 925 | 1,050 | 1,053 | 1,122 | 1,055 | 1,313 | 1,232 | 1,263 | 1,088 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-15 | -24 | 50 | 20 | 28 | -16 | 173 | -36 | 166 | 385 | 356 | 270 | |
7 | 98 | -57 | -51 | -6 | -15 | -21 | -93 | -84 | -112 | 83 | -136 | |
25 | -73 | 13 | -1 | -18 | 22 | -127 | 135 | -124 | -137 | -412 | -198 | |
Net Cash Flow | 17 | 0 | 7 | -32 | 5 | -9 | 24 | 5 | -42 | 136 | 27 | -63 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 55 | 66 | 74 | 52 | 52 | 55 | 47 | 41 | 40 | 68 | 51 | 49 |
Inventory Days | 56 | 47 | 75 | 52 | 58 | 109 | 75 | 66 | 81 | 111 | 91 | 72 |
Days Payable | 10 | 28 | 89 | 48 | 48 | 64 | 63 | 39 | 42 | 86 | 63 | 64 |
Cash Conversion Cycle | 101 | 84 | 60 | 56 | 62 | 99 | 59 | 68 | 79 | 93 | 79 | 56 |
Working Capital Days | 101 | 114 | 102 | 74 | 95 | 133 | 68 | 70 | 73 | 85 | 67 | 32 |
ROCE % | 19% | 19% | 15% | 11% | 11% | 15% | 15% | -1% | 5% | 42% | 48% | 30% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 16 Apr
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 16 Apr
- Compliance Pursuant To Regulation 40(10) Of SEBI (LODR) Regulations, 2015 - For The Year Ended 31St March, 2024 12 Apr
- Compliances - Compliance Certificate Pursuant To Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended 31St March 2024 10 Apr
Annual reports
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Business Overview:[1]
Company is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene and styrene, used for manufacturing home appliances, automobiles, consumer durables and machinery. Absolan is a polymerized plastic resin produced from styrene and acrylonitrile, and mainly used for products such as lighting, stationery, novelties, refrigerators and cosmetic packing. It also manufactures Polystyrene which is used for food service and packaging, refrigerator components, electronic goods housings, etc.