BSE: 526043 | NSE: | Engineering - Industrial Equipments | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Polymechplast Machines Ltd is a average quality company.
The key valuation ratios of Polymechplast Machines Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Polymechplast Machines Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.7% | 11.3% | 12.8% | 16.3% | 19.7% | 14.4% | 19% | 20.4% | 8.6% | 5.5% | - |
| Value Creation Index ⓘ | -0.2 | -0.2 | -0.1 | 0.2 | 0.4 | 0.0 | 0.4 | 0.5 | -0.4 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 24.1 | 34.6 | 33.7 | 47.2 | 54.5 | 43.9 | 60.9 | 83.4 | 69.2 | 59 | 62 |
| Sales YoY Gr. | - | 43.6% | -2.5% | 40.1% | 15.4% | -19.5% | 38.7% | 37% | -17% | -14.7% | - |
| Adj EPS ⓘ | -1 | 1.3 | 1.8 | 2.3 | 4.5 | 3.5 | 5.8 | 6.2 | 2.7 | 1.4 | 1.9 |
| YoY Gr. | - | NA | 42.6% | 25% | 93.9% | -21.5% | 64.9% | 6.6% | -56.8% | -46.6% | - |
| BVPS (₹) ⓘ | 15 | 16.4 | 18.3 | 22.7 | 26.3 | 28.9 | 33.9 | 43.2 | 45 | 45.5 | 45.2 |
| Adj Net Profit ⓘ | -0.6 | 0.8 | 1.1 | 1.2 | 2.1 | 1.7 | 2.8 | 3.5 | 1.5 | 0.8 | 1 |
| Cash Flow from Ops. ⓘ | 0 | 2.2 | 1 | 4 | 1.3 | 2.6 | 9.1 | 2.6 | 1.1 | 3.5 | - |
| Debt/CF from Ops. ⓘ | 174.2 | 2.6 | 5.4 | 1.5 | 4.8 | 2.5 | 0.6 | 2 | 3.8 | 0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10.5% | 1.6% | -1% | -14.7% | ||||
| Adj EPS ⓘ | NA | -20.5% | -37.3% | -46.6% | ||||
| BVPSⓘ | 13.1% | 11.6% | 10.3% | 1% | ||||
| Share Price | 26.6% | 36.8% | -3.1% | 19.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -7.9 | 9 | 11.6 | 11.9 | 18.2 | 12.7 | 18.4 | 17.1 | 6 | 3.2 | 4.1 |
| Op. Profit Mgn % ⓘ | -0.6 | 4.8 | 5.9 | 5.8 | 6.6 | 6.4 | 6.4 | 6.6 | 4.1 | 3.2 | 3.3 |
| Net Profit Mgn % ⓘ | -2.5 | 2.2 | 3.1 | 2.6 | 3.9 | 3.8 | 4.5 | 4.1 | 2.2 | 1.4 | 1.7 |
| Debt to Equity ⓘ | 0.6 | 0.7 | 0.6 | 0.6 | 0.5 | 0.5 | 0.3 | 0.2 | 0.2 | 0 | 0 |
| Working Cap Days ⓘ | 160 | 107 | 110 | 97 | 102 | 142 | 104 | 82 | 104 | 126 | 53 |
| Cash Conv. Cycle ⓘ | 92 | 72 | 80 | 61 | 53 | 67 | 41 | 31 | 44 | 48 | 2 |
No data to display
Return on Equity has declined versus last 3 years average to 4.10%
Sales growth has been subdued in last 3 years -1.02%
Net Profit has been subdued in last 3 years -37.33%
Sales growth is not so good in last 4 quarters at 0.57%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.9 | 1.6 |
| TTM Sales (₹ Cr.) | 61.8 | 61.8 |
| BVPS (₹.) ⓘ | 45.2 | 44.8 |
| Reserves (₹ Cr.) ⓘ | 20 | 19 |
| P/BV ⓘ | 1.59 | 1.60 |
| PE ⓘ | 38.62 | 44.79 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 42.75 / 75.00 |
| All Time Low / High (₹) | 0.30 / 107.00 |
| Market Cap (₹ Cr.) | 40.1 |
| Equity (₹ Cr.) | 5.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.09 | 34.58 | 33.72 | 47.24 | 54.51 | 43.91 | 60.89 | 83.44 | 69.22 | 59.04 |
| Operating Expenses ⓘ | 24.23 | 32.92 | 31.72 | 44.51 | 50.90 | 41.08 | 56.98 | 77.95 | 66.41 | 57.23 |
| Manufacturing Costs | 1.66 | 2.37 | 2.17 | 3.06 | 3.84 | 3.23 | 4.62 | 6.34 | 5.02 | 3.83 |
| Material Costs | 17.54 | 24.29 | 23.31 | 33.30 | 38.32 | 30.42 | 44.29 | 61.69 | 51.41 | 44.22 |
| Employee Cost | 2.51 | 2.86 | 3.47 | 4.36 | 4.86 | 5.03 | 5.37 | 6.38 | 6.21 | 5.71 |
| Other Costs ⓘ | 2.52 | 3.41 | 2.78 | 3.78 | 3.89 | 2.40 | 2.70 | 3.54 | 3.77 | 3.47 |
| Operating Profit ⓘ | -0.14 | 1.66 | 1.99 | 2.73 | 3.60 | 2.83 | 3.91 | 5.49 | 2.82 | 1.81 |
| Operating Profit Margin (%) | -0.6% | 4.8% | 5.9% | 5.8% | 6.6% | 6.4% | 6.4% | 6.6% | 4.1% | 3.1% |
| Other Income ⓘ | 0.10 | 0.16 | 0.20 | 0.24 | 0.30 | 0.29 | 0.53 | 0.49 | 0.63 | 0.66 |
| Interest ⓘ | 0.61 | 0.56 | 0.50 | 0.40 | 0.45 | 0.45 | 0.33 | 0.43 | 0.46 | 0.46 |
| Depreciation ⓘ | 0.29 | 0.29 | 0.31 | 0.37 | 0.38 | 0.31 | 0.46 | 0.80 | 0.92 | 0.94 |
| Exceptional Items ⓘ | 1.64 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.70 | 0.98 | 1.38 | 2.21 | 3.08 | 2.36 | 3.65 | 4.74 | 2.06 | 1.08 |
| Tax ⓘ | 0.14 | 0.22 | 0.29 | 0.97 | 0.89 | 0.64 | 0.87 | 1.27 | 0.51 | 0.28 |
| Profit After Tax | 0.57 | 0.75 | 1.09 | 1.24 | 2.19 | 1.72 | 2.78 | 3.47 | 1.55 | 0.79 |
| PAT Margin (%) | 2.3% | 2.2% | 3.2% | 2.6% | 4.0% | 3.9% | 4.6% | 4.2% | 2.2% | 1.3% |
| Adjusted EPS (₹) | 1.1 | 1.4 | 2.1 | 2.6 | 4.6 | 3.6 | 5.8 | 6.2 | 2.8 | 1.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 31% | 17% | 22% | 17% | 16% | 36% | 71% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 7.90 | 8.65 | 9.63 | 10.83 | 12.57 | 13.81 | 16.21 | 24.18 | 25.22 | 25.47 |
| Share Capital ⓘ | 5.28 | 5.28 | 5.28 | 4.78 | 4.78 | 4.78 | 4.78 | 5.60 | 5.60 | 5.60 |
| Reserves ⓘ | 2.62 | 3.38 | 4.36 | 6.05 | 7.79 | 9.03 | 11.42 | 18.58 | 19.62 | 19.87 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 4.50 | 5.46 | 5.36 | 5.96 | 5.86 | 6 | 4.84 | 4.90 | 4.21 | 1.05 |
| Long Term Debt | 0.10 | 0.47 | 0.17 | 0.03 | 1.06 | 1.08 | 0.49 | 0.12 | 0 | 0 |
| Short Term Debt | 4.40 | 4.99 | 5.19 | 5.93 | 4.80 | 4.92 | 4.35 | 4.77 | 4.21 | 1.05 |
| Trade Payables | 2.56 | 1.48 | 1.31 | 2.21 | 5.37 | 4.45 | 6.46 | 6.38 | 6.58 | 6.04 |
| Others Liabilities ⓘ | 4.44 | 4.07 | 3.51 | 6.09 | 4.92 | 6.19 | 9.42 | 9.68 | 7.26 | 8.89 |
| Total Liabilities ⓘ | 19.40 | 19.66 | 19.81 | 25.09 | 28.72 | 30.46 | 36.92 | 45.13 | 43.27 | 41.46 |
Fixed Assets | ||||||||||
| Gross Block | 9.95 | 10.48 | 7.13 | 7.36 | 7.82 | 7.87 | 15.36 | 19.37 | 19.90 | 20.73 |
| Accumulated Depreciation | 3.26 | 3.55 | 0.31 | 0.68 | 1.06 | 1.37 | 1.74 | 2.54 | 3.46 | 4.40 |
| Net Fixed Assetsⓘ | 6.69 | 6.94 | 6.82 | 6.68 | 6.77 | 6.49 | 13.61 | 16.83 | 16.44 | 16.33 |
| CWIP ⓘ | 0 | 0 | 0.03 | 1.19 | 2.81 | 5.06 | 0.23 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.06 | 0.06 | 0.72 |
| Inventories | 7.24 | 7.44 | 7.03 | 6.97 | 10.91 | 11.31 | 11.12 | 12.72 | 13.45 | 11.13 |
| Trade Receivables | 2.77 | 2.55 | 3.06 | 3.18 | 2.99 | 1.57 | 1.48 | 2.77 | 1.59 | 2.65 |
| Cash Equivalents | 0.80 | 2.17 | 0.77 | 3.67 | 2.27 | 1.52 | 5.75 | 8.11 | 7.37 | 3.16 |
| Others Assetsⓘ | 1.90 | 0.56 | 2.11 | 3.41 | 2.97 | 4.49 | 4.72 | 4.64 | 4.37 | 7.47 |
| Total Assets ⓘ | 19.40 | 19.66 | 19.81 | 25.09 | 28.72 | 30.46 | 36.92 | 45.13 | 43.27 | 41.46 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.03 | 2.22 | 1.02 | 3.99 | 1.30 | 2.56 | 9.10 | 2.60 | 1.11 | 3.48 |
| PBT ⓘ | 0.70 | 0.98 | 1.38 | 2.21 | 3.08 | 2.36 | 3.65 | 4.74 | 2.06 | 1.08 |
| Adjustment ⓘ | 0.83 | 0.71 | 0.67 | 0.64 | 0.70 | 0.63 | 0.66 | 0.96 | 0.87 | 1 |
| Changes in Working Capital ⓘ | -1.34 | 0.96 | -0.67 | 1.82 | -1.36 | 0.28 | 5.73 | -2.25 | -1.34 | 1.82 |
| Tax Paid ⓘ | -0.16 | -0.43 | -0.36 | -0.68 | -1.12 | -0.71 | -0.95 | -0.86 | -0.49 | -0.41 |
| Cash Flow From Investing Activity ⓘ | -0.08 | -0.40 | -0.42 | -1.02 | -2.10 | -2.55 | -5.10 | -8.50 | -0.22 | 0.71 |
| Capex | -0.12 | -0.53 | -0.24 | -1.39 | -2.09 | -2.29 | -2.98 | -3.48 | -0.48 | -0.82 |
| Net Investments | 0 | 0 | 0 | 0.26 | -0.27 | -0.42 | -2.31 | -5.42 | -0.23 | 1.01 |
| Others ⓘ | 0.04 | 0.13 | -0.18 | 0.10 | 0.26 | 0.17 | 0.19 | 0.40 | 0.49 | 0.53 |
| Cash Flow From Financing Activityⓘ | -0.50 | -0.45 | -0.61 | 0.21 | -0.73 | -0.82 | -1.73 | 3.75 | -1.89 | -4.17 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | -0.13 | 1.31 | -0.02 | -0.45 | -0.37 | -0.30 | 0 |
| Interest Paid ⓘ | -0.61 | -0.56 | -0.50 | -0.40 | -0.45 | -0.45 | -0.33 | -0.43 | -0.46 | -0.46 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | -0.46 | -0.46 | -0.38 | -0.48 | -0.56 | -0.56 |
| Others ⓘ | 0.11 | 0.11 | -0.11 | 0.75 | -1.13 | 0.12 | -0.57 | 5.03 | -0.57 | -3.15 |
| Net Cash Flow ⓘ | -0.55 | 1.37 | -0.01 | 3.17 | -1.52 | -0.81 | 2.27 | -2.16 | -1 | 0.02 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.4 | 9.11 | 11.89 | 12.09 | 18.75 | 13.02 | 18.54 | 17.19 | 6.27 | 3.12 |
| ROCE (%) | 10.73 | 11.32 | 12.76 | 16.29 | 19.68 | 14.37 | 19.04 | 20.37 | 8.61 | 5.48 |
| Asset Turnover Ratio | 1.36 | 1.97 | 1.92 | 2.16 | 2.03 | 1.48 | 1.81 | 2.03 | 1.57 | 1.39 |
| PAT to CFO Conversion(x) | 0.05 | 2.96 | 0.94 | 3.22 | 0.59 | 1.49 | 3.27 | 0.75 | 0.72 | 4.41 | Working Capital Days |
| Receivable Days | 38 | 25 | 27 | 24 | 21 | 19 | 9 | 9 | 11 | 13 |
| Inventory Days | 108 | 70 | 70 | 53 | 60 | 92 | 67 | 52 | 69 | 76 |
| Payable Days | 71 | 30 | 22 | 19 | 36 | 59 | 45 | 38 | 46 | 52 |
Polymechplast Machines (PML) was promoted and established by expert Group of Technocrats along with K R Bhuva in the year 1978. The company, earlier known as ‘Plastico’, is engaged in manufacturing of ‘Gold Coin’ brand plastic processing machinery. Today, PML is a 25-year-old company well known in India and overseas and enjoying good market share as a leading manufacturer and supplier of Injection Moulding and Blow Moulding Machines.
The company has the distinction of being the pioneer and the only successful manufacturer, till date of three colour marble effect Injection Moulding Machines in India. Versatile as these machines are, they have revolutionized the plastic industry to a large extent as they can produce varied patterns without any change in the moulds of single colour machines. These machines are also capable of moulding single colour products.
PML has never looked back after its inception and has repeatedly accepted new challenges placed and have reached new horizons. It brings high-class technology at the customers doorstep with low operating cost.The company has recently completed its Silver Jubilee.
The company has spread its wings beyond India and is focusing on the global market. It is slowly but strongly putting step ahead to be a global player. The company has now focused and concentrated to International market especially for African countries where enormous opportunities are lying to promote the products for which the company is constantly and continually upgrading its products and product range. The company does not supply just machine but believes in building long time business relationship by committed quality, proper pre and after sales services and adjusting to customer’s requirements.
The company strives to find better solutions to customer needs. Continuously working towards offering the best in terms of innovation, quality machines at affordable cost. The company extends its assistance to increase the productivity with perfection for growth orientation. It adheres to the business philosophy of Total Quality Products to give customer satisfaction for their constant growth.
Today, more than 2500 PML machines are operational in both national and international markets. Many of these machines are even working round the clock, 365 days a year. This is an indication of the company’s commitment to its corporate motto of providing total customer satisfaction.
Product range of the company includes:
Milestones:
Achievements/ recognition :
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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