BSE: 513642 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Axel Polymers Ltd is a average quality company.
The key valuation ratios of Axel Polymers Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Axel Polymers 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 % ⓘ | 17.8% | 17% | 17.8% | 13.7% | 14.7% | 11.1% | 12.1% | 17% | 12.6% | 12.9% | - |
| Value Creation Index ⓘ | 0.3 | 0.2 | 0.3 | 0.0 | 0.1 | -0.2 | -0.1 | 0.2 | -0.1 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 16.2 | 18.5 | 21.9 | 27 | 24.4 | 22.9 | 23 | 72.9 | 82.7 | 128 | 149 |
| Sales YoY Gr. | - | 14.5% | 18.4% | 22.9% | -9.6% | -6% | 0.6% | 216.5% | 13.4% | 54.8% | - |
| Adj EPS ⓘ | 0.3 | 0.4 | 0.3 | 0.5 | 1.1 | 0.2 | 0.4 | 1.1 | 1.4 | 1.8 | 0.7 |
| YoY Gr. | - | 27.6% | -13.5% | 59.4% | 113.7% | -79.8% | 100% | 145.5% | 28.7% | 31.7% | - |
| BVPS (₹) ⓘ | 2 | 2.4 | 2.8 | 3.4 | 4.5 | 4.6 | 5.1 | 14.5 | 15.9 | 17.6 | 17 |
| Adj Net Profit ⓘ | 0.1 | 0.2 | 0.1 | 0.2 | 0.5 | 0.1 | 0.2 | 0.9 | 1.2 | 1.6 | 1 |
| Cash Flow from Ops. ⓘ | 0.2 | -1.8 | 1.1 | -0.6 | 1.4 | 1.2 | -0.1 | 3.2 | 6 | 3.5 | - |
| Debt/CF from Ops. ⓘ | 20.3 | -3.1 | 5 | -12.1 | 5.4 | 6.1 | -63 | 8.1 | 4.2 | 7.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 25.8% | 39.3% | 77.1% | 54.8% | ||||
| Adj EPS ⓘ | 22.7% | 10.9% | 60.8% | 31.7% | ||||
| BVPSⓘ | 27.4% | 31.4% | 51% | 10.8% | ||||
| Share Price | 31.3% | 43% | 7.7% | 14.9% | ||||
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 % ⓘ | 13.5 | 17 | 12.3 | 16.6 | 27.6 | 4.8 | 9 | 12.7 | 9.2 | 11 | 3.9 |
| Op. Profit Mgn % ⓘ | 8.9 | 6.3 | 5.1 | 4.9 | 6.8 | 6.1 | 6.9 | 5.7 | 6.2 | 4.5 | 3.1 |
| Net Profit Mgn % ⓘ | 0.8 | 0.9 | 0.6 | 0.8 | 1.9 | 0.4 | 0.8 | 1.3 | 1.4 | 1.2 | 0.4 |
| Debt to Equity ⓘ | 5.1 | 5.4 | 4.7 | 5.1 | 3.9 | 3.8 | 4 | 2.1 | 1.9 | 1.7 | - |
| Working Cap Days ⓘ | 161 | 185 | 145 | 140 | 164 | 181 | 243 | 163 | 203 | 142 | 67 |
| Cash Conv. Cycle ⓘ | 37 | 82 | 92 | 93 | 121 | 122 | 133 | 77 | 100 | 75 | 13 |
Sales growth is growing at healthy rate in last 3 years 77.07%
Net Profit is growing at healthy rate in last 3 years 60.82%
Debt to equity has declined versus last 3 years average to 1.71
Sales growth is good in last 4 quarters at 65.71%
Return on Equity has declined versus last 3 years average to 3.90%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.7 | - |
| TTM Sales (₹ Cr.) | 149 | - |
| BVPS (₹.) ⓘ | 17 | - |
| Reserves (₹ Cr.) ⓘ | 6 | - |
| P/BV ⓘ | 3.34 | - |
| PE ⓘ | 84.97 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 47.00 / 76.00 |
| All Time Low / High (₹) | 0.60 / 76.00 |
| Market Cap (₹ Cr.) | 48.4 |
| Equity (₹ Cr.) | 8.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 39.5 |
| 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 | 16.19 | 18.53 | 21.94 | 26.97 | 24.37 | 22.90 | 23.04 | 72.91 | 82.65 | 127.92 |
| Operating Expenses ⓘ | 14.75 | 17.37 | 20.82 | 25.66 | 22.71 | 21.50 | 21.45 | 68.80 | 77.53 | 122.12 |
| Manufacturing Costs | 0.68 | 1.25 | 1.03 | 1.22 | 1.75 | 1.15 | 1.21 | 1.23 | 0.74 | 1.02 |
| Material Costs | 12.98 | 14.39 | 16.94 | 21.90 | 18.07 | 17.25 | 17.57 | 61.85 | 70.97 | 114.97 |
| Employee Cost | 0.62 | 0.82 | 1.09 | 1.49 | 1.85 | 1.99 | 1.77 | 3.58 | 3.66 | 3.74 |
| Other Costs ⓘ | 0.46 | 0.91 | 1.76 | 1.04 | 1.04 | 1.11 | 0.90 | 2.15 | 2.15 | 2.39 |
| Operating Profit ⓘ | 1.45 | 1.16 | 1.13 | 1.32 | 1.66 | 1.39 | 1.59 | 4.11 | 5.12 | 5.79 |
| Operating Profit Margin (%) | 8.9% | 6.3% | 5.1% | 4.9% | 6.8% | 6.1% | 6.9% | 5.6% | 6.2% | 4.5% |
| Other Income ⓘ | 0.04 | 0.08 | 0.27 | 0.05 | 0.02 | 0.02 | 0.01 | 0.55 | 0.28 | 0.04 |
| Interest ⓘ | 0.88 | 0.84 | 0.93 | 0.80 | 0.91 | 0.97 | 1.11 | 2.84 | 3.16 | 2.84 |
| Depreciation ⓘ | 0.48 | 0.25 | 0.21 | 0.28 | 0.33 | 0.36 | 0.37 | 0.48 | 0.54 | 0.70 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.12 | 0.15 | 0.26 | 0.29 | 0.43 | 0.08 | 0.12 | 1.34 | 1.70 | 2.29 |
| Tax ⓘ | 0 | 0 | 0.04 | 0.05 | -0.03 | -0.01 | -0.07 | 0.43 | 0.52 | 0.73 |
| Profit After Tax | 0.12 | 0.15 | 0.22 | 0.23 | 0.47 | 0.09 | 0.19 | 0.92 | 1.18 | 1.56 |
| PAT Margin (%) | 0.8% | 0.8% | 1.0% | 0.9% | 1.9% | 0.4% | 0.8% | 1.3% | 1.4% | 1.2% |
| Adjusted EPS (₹) | 0.3 | 0.4 | 0.5 | 0.5 | 1.1 | 0.2 | 0.4 | 1.1 | 1.4 | 1.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 0.86 | 1.01 | 1.21 | 1.46 | 1.93 | 1.99 | 2.20 | 12.32 | 13.53 | 14.99 |
| Share Capital ⓘ | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 8.52 | 8.52 | 8.52 |
| Reserves ⓘ | -3.44 | -3.29 | -3.09 | -2.84 | -2.37 | -2.31 | -2.10 | 3.81 | 5.01 | 6.47 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 4.37 | 5.45 | 5.69 | 7.45 | 7.55 | 7.45 | 8.77 | 25.94 | 23.50 | 24.51 |
| Long Term Debt | 0.63 | 0.67 | 0.63 | 0.55 | 0.56 | 0.46 | 1.42 | 4.94 | 6.47 | 7.09 |
| Short Term Debt | 3.75 | 4.79 | 5.06 | 6.91 | 6.99 | 7 | 7.35 | 20.99 | 17.03 | 17.42 |
| Trade Payables | 6.26 | 1.53 | 1.70 | 1.17 | 1 | 2.94 | 7.10 | 16.17 | 15.60 | 22.51 |
| Others Liabilities ⓘ | 3.90 | 5.06 | 5.12 | 4.99 | 3.79 | 3.63 | 3.64 | 0.93 | 2.67 | 2.59 |
| Total Liabilities ⓘ | 15.39 | 13.05 | 13.71 | 15.07 | 14.28 | 16.02 | 21.72 | 55.36 | 55.31 | 64.60 |
Fixed Assets | ||||||||||
| Gross Block | 9.80 | 9.79 | 10.58 | 10.94 | 11.53 | 11.69 | 11.77 | 16.96 | 18.63 | 20.25 |
| Accumulated Depreciation | 6.77 | 6.98 | 7.08 | 7.34 | 7.67 | 8.04 | 8.41 | 9.24 | 9.78 | 10.49 |
| Net Fixed Assetsⓘ | 3.03 | 2.81 | 3.50 | 3.60 | 3.86 | 3.66 | 3.36 | 7.71 | 8.84 | 9.77 |
| CWIP ⓘ | 0.30 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 4.52 | 4.05 | 5.72 | 6.79 | 7.24 | 8.70 | 11.16 | 28.27 | 32.73 | 39.59 |
| Trade Receivables | 5.47 | 4.37 | 2.04 | 2.71 | 1.76 | 2.10 | 5.56 | 11.39 | 7.67 | 10.93 |
| Cash Equivalents | 1.03 | 0.63 | 0.37 | 0.02 | 0.02 | 0.02 | 0.03 | 0.94 | 1.08 | 1.03 |
| Others Assetsⓘ | 1.04 | 1.18 | 2.09 | 1.96 | 1.41 | 1.54 | 1.61 | 7.05 | 4.99 | 3.28 |
| Total Assets ⓘ | 15.39 | 13.05 | 13.71 | 15.07 | 14.28 | 16.02 | 21.72 | 55.36 | 55.31 | 64.60 |
| 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 ⓘ | 0.22 | -1.77 | 1.14 | -0.62 | 1.39 | 1.22 | -0.14 | 3.20 | 5.97 | 3.46 |
| PBT ⓘ | 0.12 | 0.15 | 0.26 | 0.29 | 0.43 | 0.08 | 0.12 | 1.34 | 1.70 | 2.29 |
| Adjustment ⓘ | 0.48 | 0.20 | 0.95 | 1.04 | 1.23 | 1.32 | 1.47 | 3.14 | 3.25 | 3.07 |
| Changes in Working Capital ⓘ | -0.39 | -2.13 | -0.03 | -1.88 | -0.19 | -0.17 | -1.71 | -1.06 | 1.29 | -1.06 |
| Tax Paid ⓘ | 0 | 0 | -0.04 | -0.05 | -0.09 | -0.01 | -0.02 | -0.22 | -0.27 | -0.83 |
| Cash Flow From Investing Activity ⓘ | -0.47 | 0.20 | -0.70 | -0.34 | -0.58 | -0.14 | -0.06 | -0.19 | -1.57 | -1.59 |
| Capex | -0.05 | -0.04 | -0.86 | -0.38 | -0.60 | -0.16 | -0.07 | -0.37 | -1.67 | -1.63 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.43 | 0.24 | 0.16 | 0.03 | 0.02 | 0.02 | 0.01 | 0.18 | 0.11 | 0.04 |
| Cash Flow From Financing Activityⓘ | -0.08 | 1.08 | -0.70 | 0.97 | -0.81 | -1.08 | 0.15 | -2.81 | -3.57 | -1.92 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.87 | 0.04 | 0.26 | 1.85 | 0 | 0 | 0.96 | 0.08 | 1.52 | 0.62 |
| Interest Paid ⓘ | 0 | 0 | -0.93 | -0.79 | -0.91 | -0.97 | -1.11 | -2.84 | -2.82 | -2.40 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.79 | 1.04 | -0.03 | -0.09 | 0.10 | -0.10 | 0.30 | -0.05 | -2.27 | -0.14 |
| Net Cash Flow ⓘ | -0.34 | -0.50 | -0.27 | 0.02 | 0 | 0 | -0.04 | 0.21 | 0.84 | -0.05 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.5 | 16.36 | 19.44 | 17.37 | 27.57 | 4.77 | 9.01 | 12.62 | 9.16 | 10.91 |
| ROCE (%) | 17.83 | 17.01 | 17.77 | 13.74 | 14.66 | 11.13 | 12.12 | 17 | 12.63 | 12.92 |
| Asset Turnover Ratio | 1.43 | 1.43 | 1.83 | 1.93 | 1.66 | 1.51 | 1.22 | 1.89 | 1.49 | 2.13 |
| PAT to CFO Conversion(x) | 1.83 | -11.8 | 5.18 | -2.7 | 2.96 | 13.56 | -0.74 | 3.48 | 5.06 | 2.22 | Working Capital Days |
| Receivable Days | 80 | 88 | 48 | 31 | 33 | 31 | 61 | 42 | 42 | 27 |
| Inventory Days | 64 | 77 | 73 | 82 | 105 | 127 | 157 | 99 | 135 | 103 |
| Payable Days | 123 | 99 | 35 | 24 | 22 | 42 | 104 | 69 | 82 | 61 |
Axel Polymers has contributed to being India’s largest Toll Manufacturer of Engineering Thermoplastics. Axel has been the extended manufacturing plant for many Multinationals & Indian Corporate brand owners. The company is engaged in the business of manufacturing Compounds, Blends and Alloys of Engineering, Specialty and Commodity Polymers since 1995.
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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.
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