Polychem Ltd - Stock Valuation and Financial Performance

BSE: 506605 | NSE: POLYCHEM | Chemicals | Small Cap

Polychem Share Price

2,069 -10.75 -0.52%
as on 21-Nov'24 15:41

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Polychem stock performance -

mw4me loader
P/E Ratio (SA):
14.90
Market Cap:
84 Cr.
52-wk low:
1,951.3
52-wk high:
3,725.1

Is Polychem Ltd an attractive stock to invest in?

1. Is Polychem Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Polychem Ltd is a average quality company.

2. Is Polychem Ltd undervalued or overvalued?

The key valuation ratios of Polychem Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Polychem Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Polychem Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Polychem:

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.
Polychem Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9.3%3.4%3.7%-0.6%4%16.5%1.7%14.8%19%26.8%-
Value Creation
Index
-0.3-0.8-0.7-1.0-0.70.2-0.90.10.40.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 17.812.614.416.318.92310.920.435.236.930
Sales YoY Gr.--29%13.9%13.1%16.2%21.7%-52.5%86.7%72.5%4.7%-
Adj EPS 23.4715.1-6.39.651.47.224.691.9149.4139.6
YoY Gr.--70%115.5%-141.6%NA434.4%-85.9%240.1%273.7%62.6%-
BVPS (₹) 400.4407.8434.1427.2443.8499.3494.7573.6661.2789.2811.7
Adj Net
Profit
0.90.30.6-0.30.42.10.313.766
Cash Flow from Ops. 1.90.4-0.1-0.9-12.80.8-2.34.54-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.4%14.3%49.9%4.7%
Adj EPS 22.9%73.1%174.4%62.6%
BVPS7.8%12.2%16.9%19.4%
Share Price 12.4% 44.7% 60.6% -9.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
61.73.6-1.52.210.91.54.614.920.617.4
Op. Profit
Mgn %
6-1.5-4.5-4.6012.6-4-113.619.915.6
Net Profit
Mgn %
5.32.24.3-1.62.192.74.910.516.418.6
Debt to
Equity
00000000000
Working Cap
Days
23729025925119312922614098102119
Cash Conv.
Cycle
69978283878216199686894

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.40%

Sales growth is growing at healthy rate in last 3 years 49.93%

Net Profit is growing at healthy rate in last 3 years 174.43%

Sales growth is not so good in last 4 quarters at -1.18%

Latest Financials - Polychem Ltd.

Standalone Consolidated
TTM EPS (₹) 139.6 127.3
TTM Sales (₹ Cr.) 30.1 47.7
BVPS (₹.) 811.7 1,051.6
Reserves (₹ Cr.) 32 42
P/BV 2.56 1.98
PE 14.90 16.34
From the Market
52 Week Low / High (₹) 1951.30 / 3725.05
All Time Low / High (₹) 0.80 / 3725.05
Market Cap (₹ Cr.) 84
Equity (₹ Cr.) 0.4
Face Value (₹) 10
Industry PE 56.1

Management X-Ray of Polychem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Polychem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales17.7912.6314.3916.2718.9123.0110.9420.4235.2236.87
Operating Expenses 16.7312.9315.0417.0218.9120.1111.3720.6330.4229.52
Manufacturing Costs2.491.912.362.532.723.271.712.854.744.99
Material Costs10.3578.6810.3411.6311.765.2311.4918.3118.29
Employee Cost 1.701.962.032.182.552.902.823.043.593.89
Other Costs 2.192.061.961.982.022.181.623.253.782.35
Operating Profit 1.06-0.30-0.64-0.7502.90-0.44-0.214.807.34
Operating Profit Margin (%) 6.0%-2.4%-4.5%-4.6%0.0%12.6%-4.0%-1.0%13.6%19.9%
Other Income 0.721.081.460.840.880.751.303.870.501.32
Interest 0000.0100.030.070.050.140.13
Depreciation 0.300.230.180.190.180.510.510.470.550.82
Exceptional Items 0000000000
Profit Before Tax 1.470.550.64-0.100.703.110.283.134.607.71
Tax 0.530.12-0.190.0300.70-0.01-0.100.881.67
Profit After Tax 0.940.420.83-0.140.702.410.293.233.726.04
PAT Margin (%) 5.3%3.3%5.8%-0.9%3.7%10.5%2.7%15.8%10.6%16.4%
Adjusted EPS (₹)23.410.420.5-3.417.259.67.280.092.1149.4
Dividend Payout Ratio (%)11%24%12%0%15%21%0%4%22%20%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 16.1716.4717.5417.2617.9320.1719.9923.1726.7131.89
Share Capital 0.400.400.400.400.400.400.400.400.400.40
Reserves 15.7716.0717.1316.8517.5319.7719.5822.7726.3131.48
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables0.520.730.951.320.930.820.761.541.310.59
Others Liabilities 0.590.340.480.390.821.821.321.781.952.52
Total Liabilities 17.2917.5418.9718.9719.6822.8222.0726.4929.9734.99

Fixed Assets

Gross Block1.361.480.600.911.502.472.702.764.485.79
Accumulated Depreciation0.720.950.180.370.531.041.562.012.503.31
Net Fixed Assets0.640.540.420.540.971.421.140.751.982.48
CWIP 0000000000
Investments 3.443.334.054.238.599.2811.3014.8816.4918.09
Inventories2.152.312.162.202.332.262.092.364.464.54
Trade Receivables2.242.362.383.243.684.072.836.143.233.98
Cash Equivalents 1.682.542.782.861.454.573.601.172.272.96
Others Assets7.146.457.195.902.661.211.111.201.532.94
Total Assets 17.2917.5418.9718.9719.6822.8222.0726.4929.9734.99

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1.850.41-0.13-0.85-0.952.810.75-2.314.493.97
PBT 1.470.550.64-0.100.703.110.283.134.607.71
Adjustment -0.34-0.68-0.84-0.57-0.69-0.08-0.66-3.260.23-0.31
Changes in Working Capital 1.190.77-0.47-0.16-1.030.381.02-2.190.74-1.94
Tax Paid -0.48-0.230.55-0.020.08-0.600.120.01-1.08-1.49
Cash Flow From Investing Activity -1.520.240.271.350.43-0.740.80-0.44-3.03-2.41
Capex -0.25-0.12-0.06-0.31-0.61-0.16-0.23-0.08-1.77-0.32
Net Investments -20-0.010.49-3.03-1.560.80-0.41-1.31-2.09
Others 0.740.370.331.174.070.990.230.050.050
Cash Flow From Financing Activity 0-0.10-0.10-0.110-0.34-0.76-0.24-0.37-1.09
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0-0.10-0.10-0.110-0.10-0.550-0.12-0.83
Others 00000-0.24-0.21-0.24-0.25-0.26
Net Cash Flow 0.330.550.040.38-0.511.730.80-2.991.080.46
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)5.982.584.88-0.83.9612.651.4614.9814.9220.6
ROCE (%)9.343.363.74-0.563.9816.481.7414.7719.0226.75
Asset Turnover Ratio1.140.820.880.880.981.080.490.841.251.14
PAT to CFO Conversion(x)1.970.98-0.16N/A-1.361.172.59-0.721.210.66
Working Capital Days
Receivable Days575954616762115804936
Inventory Days43575147443673403545
Payable Days47323540352755372819

Polychem Ltd Stock News

Polychem Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Polychem on 21-Nov-2024 15:41 is ₹2,069.
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 21-Nov-2024 15:41 the market cap of Polychem stood at ₹84.03.
The latest P/E ratio of Polychem as of 21-Nov-2024 15:41 is 14.90.
The latest P/B ratio of Polychem as of 21-Nov-2024 15:41 is 2.56.
The 52-week high of Polychem is ₹3,725.1 and the 52-week low is ₹1,951.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Polychem is ₹30.09 ( Cr.) .

About Polychem Ltd

Polychem established in 1956, is pioneer in production of styrene, polystyrene, vinyl acetate and polyvinyl alcohol in India. Polychem established its first thermoplastics plant in the country in 1957.

The operational facility of the company is located at D/26, MIDC Phase –II, Sagaon, Dombivli -421201.

The company’s polymer division specialises in manufacturing of polymers and co-polymers from styrene, divinyl benzene, acrylic acid and acrylates through either suspension polymerization route or emulsion polymerization route.

It operates a multipurpose plant for the manufacturing its products.

The company has capacity to manufacture tailor made resins to suit customer requirements in quantities as small as 50 kg and as large as a container loads. It also has a capacity to develop polymers & co-polymers to suit the requirement of the customers.

Product range

  • Cross Linked Polystyrene (XLPS)
  • Low Molecular weight Polystyrene (LMPS)
  • Styrene Ethyl Acrylate Co-Polymer (Acrylate-C)
  • Polyvinyl Butyral
  • Styrene Malaic Anhydride Co-polymer (SMA Co-polymer)
  • Styrene Butyl Acrylate Co-polymer (SBA PC - 50)
  • Styrene Butyl Acrylate Co-polymer (SBA PC - 30)
  • Poly Alpha Methyl Styrene (PAMS PC - 290)

The company has customer base in countries such as UK, USA and Japan.

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