SPP Polymer Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SPPPOLY | Packaging | Small Cap

BSE Share Price
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10 Year X-Ray of SPP Polymer: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SPP Polymer Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9.6%4%5.4%9.1%-
Value Creation
Index
-0.3-0.7-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 65.580.366.191.892
Sales YoY Gr.-22.5%-17.7%38.9%-
Adj EPS 1.20.30.50.90.7
YoY Gr.--79%84.6%81.3%-
BVPS (₹) 16.11821.722.232.4
Adj Net
Profit
1.10.30.511
Cash Flow from Ops. 4.5-6.53.84.6-
Debt/CF from Ops. 1.1-25.84.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA11.9%38.9%
Adj EPS NANA-11.1%81.3%
BVPSNANA11.3%2.7%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
7.71.72.542.4
Op. Profit
Mgn %
3.61.94.16.7NAN
Net Profit
Mgn %
1.60.40.81.11.1
Debt to
Equity
0.30.60.90.8-
Working Cap
Days
0921421430
Cash Conv.
Cycle
06375540

Recent Performance Summary

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Latest Financials - SPP Polymer Ltd.

Standalone Consolidated
TTM EPS (₹) 0.7 -
TTM Sales (₹ Cr.) 91.8 -
BVPS (₹.) 32.4 -
Reserves (₹ Cr.) 34 -
P/BV 0.69 -
PE 34.76 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 34.6
Equity (₹ Cr.) 15.4
Face Value (₹) 10
Industry PE 19.6

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 50.6 5.266.1 50.764.8 122.755.1 121.2
Adj EPS (₹) 6.7 -20.713.4 115.712.4 2668.5 162.2
Op. Profit Mgn % 30.84 -782 bps42.44 968 bps40.58 964 bps32.52 321 bps
Net Profit Mgn % 19.81 -680 bps30.49 924 bps28.70 1132 bps23.28 369 bps

Management X-Ray of SPP Polymer:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:67.08%Institutions:0.69%Non-Institutions:32.23%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep240%10%20%30%40%50%60%70%
Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Valuation of SPP Polymer

MRP
spaceLock icon
MOS
spaceLock icon%
DP
spaceLock icon
Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of SPP Polymer

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Uflex 460.8 -3.4 (-0.7%) Small Cap 6,610 28.3 2.4 16.4 1.1
AGI Greenpac 666.1 -16.5 (-2.4%) Small Cap 2,421 44.9 10.3 15.2 2.2
TCPL Packaging 4,364.9 40.4 (0.9%) Small Cap 1,475 147.3 6.3 29.4 6.5
Pyramid Technoplast 138.9 1.4 (1%) Small Cap 532 7.4 5.1 18.5 2.1
Borosil Scientific 119.9 -5.1 (-4.1%) Small Cap 355 3.7 8.7 33.8 2.8
Kaira Can Co 1,524 -109.8 (-6.7%) Small Cap 224 29.3 1.7 55.8 1.7
Arrow Greentech 525.2 -1.7 (-0.3%) Small Cap 149 41 19.7 12.9 4.5
Purity Flex Pack 2.1 0 (0%) Small Cap 108 8.7 0.8 0.3 0
Oricon Enterprises 39.8 1 (2.5%) Small Cap 100 -0.3 -22.4 - 0.6
Rajeshwari Cans 290.9 0 (0%) Small Cap 34.6 1.3 3.8 230.3 20
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Sales65.5480.2866.0591.75
Operating Expenses 63.1778.7463.3785.58
Manufacturing Costs3.443.713.356.78
Material Costs50.6465.0252.3169.56
Employee Cost 4.315.344.465.35
Other Costs 4.784.673.263.89
Operating Profit 2.371.542.686.17
Operating Profit Margin (%) 3.6%1.9%4.1%6.7%
Other Income 0.380.500.732.06
Interest 0.510.611.112.70
Depreciation 0.961.031.274.11
Exceptional Items 0000
Profit Before Tax 1.290.411.021.43
Tax 0.220.130.480.43
Profit After Tax 1.070.280.540.99
PAT Margin (%) 1.6%0.3%0.8%1.1%
Adjusted EPS (₹)1.20.30.50.9
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 13.9519.7224.3425.33
Share Capital 2.162.752.8111.24
Reserves 11.7916.9721.5314.09
Minority Interest0000
Debt4.769.8220.5317.36
Long Term Debt0.490.4010.978.48
Short Term Debt4.269.429.568.88
Trade Payables1.724.215.9423.70
Others Liabilities 1.564.053.264.24
Total Liabilities 21.9837.8054.0670.62

Fixed Assets

Gross Block24.7326.5148.0349.18
Accumulated Depreciation18.7219.7421.0125
Net Fixed Assets6.016.7727.0224.18
CWIP 04.340.120.27
Investments 0000
Inventories3.969.4210.2224.61
Trade Receivables9.7210.227.8314.12
Cash Equivalents 0.891.240.810.08
Others Assets1.405.808.077.36
Total Assets 21.9837.8054.0670.62

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4.48-6.473.804.60
PBT 1.290.411.021.43
Adjustment 1.081.431.804.85
Changes in Working Capital 2.37-7.971.17-1.47
Tax Paid -0.26-0.35-0.19-0.21
Cash Flow From Investing Activity -0.40-5.92-16.730.54
Capex -0.74-6.12-17.31-1.42
Net Investments 0000
Others 0.340.200.581.96
Cash Flow From Financing Activity -3.8812.7512.49-5.87
Net Proceeds from Shares 05.494.070
Net Proceeds from Borrowing 0.49-0.0910.57-2.49
Interest Paid -0.51-0.61-1.11-2.70
Dividend Paid 0000
Others -3.877.96-1.04-0.68
Net Cash Flow 0.200.36-0.43-0.73
PARTICULARSMar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)7.671.662.474.03
ROCE (%)9.583.985.419.12
Asset Turnover Ratio2.982.691.441.47
PAT to CFO Conversion(x)4.19-23.117.044.65
Working Capital Days
Receivable Days54455044
Inventory Days22305469
Payable Days12173578

SPP Polymer Ltd Stock News

SPP Polymer Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SPP Polymer on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of SPP Polymer stood at ₹34.55.
The latest P/E ratio of SPP Polymer as of 01-Jan-1970 05:30 is 34.76.
The latest P/B ratio of SPP Polymer as of 01-Jan-1970 05:30 is 0.69.
The 52-week high of SPP Polymer is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SPP Polymer is ₹91.75 ( Cr.) .

About SPP Polymer Ltd

SPP Polymer Limited was originally incorporated dated August 27, 2004 as ‘S.P.P. Food Products Private Limited’ as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 27, 2004, issued by the Registrar of Companies, N.C.T. of Delhi & Haryana. The name of the company was changed to ‘SPP Polymer Private Limited’. Consequent upon change of name a fresh Certificate of Incorporation dated May 12, 2023 was issued by Registrar of Companies, Delhi. Subsequently the company was converted from a private limited company to public limited company by resolution passed in the Extra-Ordinary General Meeting of the company dated August 24, 2023 and consequently, the name of the company was changed to ‘SPP Polymer Limited’ and a fresh certificate of incorporation dated September 20, 2023 was issued to the company by the Registrar of Companies, Delhi.

SPP Polymer is an ISO 9001:2015 certified company engaged in the business of manufacturing of High Density Polyethylene (HDPE)/ Polypropylene (PP) woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. The company offers packaging solutions to Business to Business (B2B) manufacturers catering to different industries such as cements, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities. The company’s manufacturing facility employs an extensive and stringent quality control mechanism at each stage of the process to ensure that its finished product conforms to the exact requirement of its customers. The company’s infrastructure and team of experts also allow it to provide a comprehensive range to its clients as per their needs and requirements. The company also provides customized solutions as per the specifications detailed by its clients. It is also ISO 45001: 2018 and SA 8000:2014 certified occupational health & safety management system and environment management system.

Business area of the company

The company is primarily engaged into the business of manufacturing and trading of HDPE/PP Woven Fabric & Bags.

Products of the company

  • HDPE/ PP woven fabric
  • HDPE/PP woven bags
  • Non-woven fabric
  • PP Multifilament yarn

History and milestones 

  • 2024-25: Shifting of Registered office within city

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