Gujarat Petrosynthese Ltd

Gujarat Petrosynthese Ltd

₹ 72.5 -4.05%
30 May 1:07 p.m.
About

Incorporated in 1996, Gujarat Petrosynthese Ltd is in the business of plastic polymers and blends[1]

Key Points

Business Overview:[1]
Gujarat Petrosynthese Limited (Polymer Alloys & Blends Division) is a joint venture project between Gujarat Petrosynthese Limited and Karnataka State Industrial Investment & Development Corporation. Company has technical collaboration with Chenguang Research Institute of Chemical Industry, China National Blue Star Co. which has also made an equity contribution. Company manufactures Polymer Alloys & Blends of Engineering Plastics

  • Market Cap 43.3 Cr.
  • Current Price 72.5
  • High / Low 98.0 / 33.0
  • Stock P/E 55.5
  • Book Value 76.7
  • Dividend Yield 0.00 %
  • ROCE 4.35 %
  • ROE 2.15 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.96 times its book value
  • Company's working capital requirements have reduced from 92.8 days to 40.1 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 11.2% over past five years.
  • Company has a low return on equity of 0.80% over last 3 years.
  • Earnings include an other income of Rs.1.44 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: Plastic products Industry: Plastics Products

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
5.30 5.27 5.26 4.45 1.17 5.38 6.37 6.42 7.16 9.55 7.76 5.55 4.79
5.60 5.56 5.32 5.04 1.62 5.59 6.57 6.78 6.99 8.81 7.56 5.88 4.82
Operating Profit -0.30 -0.29 -0.06 -0.59 -0.45 -0.21 -0.20 -0.36 0.17 0.74 0.20 -0.33 -0.03
OPM % -5.66% -5.50% -1.14% -13.26% -38.46% -3.90% -3.14% -5.61% 2.37% 7.75% 2.58% -5.95% -0.63%
0.33 0.30 0.33 2.62 0.32 0.25 5.91 0.32 0.37 0.39 0.47 0.19 0.39
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00
Depreciation 0.06 0.05 0.07 0.06 0.05 0.04 0.06 0.03 0.05 0.05 0.05 0.07 0.06
Profit before tax -0.03 -0.04 0.20 1.97 -0.18 0.00 5.65 -0.07 0.49 1.08 0.62 -0.22 0.30
Tax % -166.67% -100.00% 5.00% -2.03% 0.00% -0.35% 57.14% 8.16% 67.59% 19.35% -54.55% 13.33%
-0.09 -0.08 0.19 2.01 -0.19 0.00 5.68 -0.02 0.46 0.36 0.50 -0.34 0.26
EPS in Rs -0.15 -0.13 0.32 3.37 -0.32 0.00 9.52 -0.03 0.77 0.60 0.84 -0.57 0.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
54.16 50.27 43.80 50.90 25.71 20.75 17.68 18.99 22.33 20.28 19.34 30.02 27.65
47.95 47.42 47.72 53.35 30.85 25.65 20.65 22.27 24.44 21.51 20.52 29.23 27.07
Operating Profit 6.21 2.85 -3.92 -2.45 -5.14 -4.90 -2.97 -3.28 -2.11 -1.23 -1.18 0.79 0.58
OPM % 11.47% 5.67% -8.95% -4.81% -19.99% -23.61% -16.80% -17.27% -9.45% -6.07% -6.10% 2.63% 2.10%
0.67 0.70 0.57 1.05 1.10 2.09 5.26 2.26 33.76 3.58 6.83 1.42 1.44
Interest 0.95 1.54 0.37 0.52 1.02 0.96 0.27 0.11 0.13 0.00 0.00 0.01 0.01
Depreciation 0.53 0.63 0.57 0.55 0.88 0.79 0.66 0.23 0.23 0.25 0.18 0.22 0.23
Profit before tax 5.40 1.38 -4.29 -2.47 -5.94 -4.56 1.36 -1.36 31.29 2.10 5.47 1.98 1.78
Tax % 33.15% 35.51% -0.47% 11.74% 0.00% -9.43% 27.21% 65.44% 21.54% 2.86% 0.18% 51.01%
3.61 0.89 -4.31 -2.17 -5.95 -4.98 0.98 -0.47 24.54 2.04 5.46 0.98 0.78
EPS in Rs 6.98 1.72 -8.34 -3.84 -9.97 -8.34 1.64 -0.79 41.11 3.42 9.15 1.64 1.31
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -5%
5 Years: 11%
3 Years: 10%
TTM: 9%
Compounded Profit Growth
10 Years: 1%
5 Years: 18%
3 Years: 37%
TTM: -17%
Stock Price CAGR
10 Years: 8%
5 Years: 26%
3 Years: 24%
1 Year: 95%
Return on Equity
10 Years: -11%
5 Years: -2%
3 Years: 1%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital 5.17 5.17 5.17 5.64 5.97 5.97 5.97 5.97 5.97 5.97 5.97 5.97
Reserves 18.72 19.70 15.39 14.41 8.79 6.14 7.75 7.24 31.86 32.43 38.37 39.80
9.17 5.60 3.61 4.61 8.72 5.48 1.67 2.08 0.00 0.00 0.00 0.08
9.90 10.40 10.22 6.15 6.87 2.96 2.50 1.86 8.67 1.40 1.89 2.38
Total Liabilities 42.96 40.87 34.39 30.81 30.35 20.55 17.89 17.15 46.50 39.80 46.23 48.23
8.51 9.15 9.33 11.65 11.60 10.88 6.56 4.61 3.83 3.84 2.03 2.11
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.06 1.06 1.06 1.25 1.04 1.02 1.91 2.92 3.13 16.49 23.11 22.74
33.39 30.66 24.00 17.91 17.71 8.65 9.42 9.62 39.54 19.47 21.09 23.38
Total Assets 42.96 40.87 34.39 30.81 30.35 20.55 17.89 17.15 46.50 39.80 46.23 48.23

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-6.34 0.10 -5.18 -1.29 -0.02 -3.47 -4.40 -0.31 -34.45 14.97 3.32 -1.92
-0.58 -0.01 -0.27 -2.71 0.00 -3.49 8.43 1.20 35.98 -10.69 -3.28 2.06
5.52 -0.01 -3.66 1.15 0.02 4.61 -4.41 0.62 -2.19 0.00 0.00 0.00
Net Cash Flow -1.40 0.08 -9.11 -2.85 0.01 -2.35 -0.38 1.51 -0.66 4.28 0.04 0.15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 36.06 26.57 26.83 17.57 63.89 35.53 41.50 31.14 37.43 32.40 45.29 44.26
Inventory Days 108.86 53.70 80.02 49.23 100.73 40.48 48.09 20.88 12.11 18.87 15.76 14.76
Days Payable 59.26 47.70 62.80 29.96 110.66 42.22 33.00 28.44 34.95 23.53 35.40 25.76
Cash Conversion Cycle 85.66 32.58 44.06 36.84 53.96 33.80 56.59 23.58 14.59 27.73 25.65 33.26
Working Capital Days 116.19 62.52 79.42 63.03 95.83 68.60 115.20 56.89 456.86 200.50 37.93 40.12
ROCE % 21.05% 9.19% -14.39% -10.12% -22.73% -25.13% -18.80% -21.25% -6.93% -0.60% -0.29% 4.35%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.65% 49.65% 49.65% 49.73% 49.82% 49.96% 50.05% 50.54% 50.93% 51.16% 51.16% 51.18%
0.00% 0.00% 0.00% 0.00% 0.00% 1.01% 1.01% 1.01% 1.01% 1.01% 1.01% 1.01%
14.81% 14.81% 14.74% 14.17% 14.09% 13.08% 12.92% 11.96% 11.73% 10.59% 10.26% 9.34%
0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34%
35.21% 35.21% 35.28% 35.76% 35.76% 35.62% 35.70% 36.16% 36.00% 36.90% 37.24% 38.14%
No. of Shareholders 18,42218,42918,45918,53718,52018,50218,50118,49918,46819,09019,16019,321

* 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.

Documents