BSE: 532330 | NSE: | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Biopac India Corporation Ltd is a below average quality company.
The key valuation ratios of Biopac India Corporation 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 Biopac India Corporation 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'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.9% | 15.8% | 3% | 4.2% | 8.2% | 6% | 9.3% | 8.9% | 3.6% | -46.8% | - |
| Value Creation Index ⓘ | -0.4 | 0.1 | -0.8 | -0.7 | -0.4 | -0.6 | -0.3 | -0.4 | -0.7 | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 41.7 | 38.1 | 38.1 | 45.6 | 52.3 | 58.6 | 52.1 | 47.8 | 47.2 | 20.2 | 1 |
| Sales YoY Gr. | - | -8.5% | 0% | 19.6% | 14.7% | 12% | -11% | -8.3% | -1.2% | -57.1% | - |
| Adj EPS ⓘ | 0 | 0.9 | 0.1 | 0.1 | 0.6 | 0.5 | 0 | 0.1 | -1.6 | -13.4 | -4.8 |
| YoY Gr. | - | 4400% | -88.9% | 0% | 530% | -19.1% | -94.1% | 100% | -2716.7% | NA | - |
| BVPS (₹) ⓘ | 9.4 | 10.3 | 10.4 | 10.5 | 11.1 | 11.6 | 11.7 | 11.7 | 10.2 | -3.2 | -11.3 |
| Adj Net Profit ⓘ | 0 | 1.6 | 0.2 | 0.2 | 1.1 | 0.9 | 0.1 | 0.1 | -2.7 | -23.1 | -8 |
| Cash Flow from Ops. ⓘ | 13.2 | 9.1 | 4.7 | 4.8 | 1.2 | 14.8 | 10.6 | 7.6 | -4.5 | 13 | - |
| Debt/CF from Ops. ⓘ | 0.8 | 0.6 | 0.4 | 2.6 | 15.5 | 1.8 | 3.1 | 3.9 | -7.8 | 2.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -7.7% | -17.3% | -27% | -57.1% | ||||
| Adj EPS ⓘ | -306.1% | -284.3% | -864.4% | NA | ||||
| BVPSⓘ | -188.9% | -178.1% | -165.2% | -131.9% | ||||
| Share Price | -14.1% | 3.2% | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.2 | 9.2 | 1 | 1 | 5.8 | 4.5 | 0.3 | 0.5 | -14.3 | -387.4 | 65.3 |
| Op. Profit Mgn % ⓘ | 15.2 | 22.2 | 12.4 | 11.4 | 14.6 | 12.6 | 19.3 | 21 | 15.5 | -65.1 | -85.1 |
| Net Profit Mgn % ⓘ | 0.1 | 4.1 | 0.5 | 0.4 | 2.1 | 1.5 | 0.1 | 0.2 | -5.7 | -114.2 | -554.8 |
| Debt to Equity ⓘ | 0.7 | 0.3 | 0.1 | 0.7 | 1 | 1.4 | 1.6 | 1.5 | 2 | -5.9 | - |
| Working Cap Days ⓘ | 111 | 61 | 51 | 54 | 75 | 93 | 93 | 84 | 125 | 231 | 20 |
| Cash Conv. Cycle ⓘ | 51 | 25 | 18 | 11 | 16 | 10 | 7 | 24 | 57 | 131 | -1,268 |
Return on Equity has increased versus last 3 years average to 65.30%
Sales growth has been subdued in last 3 years -27.03%
Sales growth is not so good in last 4 quarters at -89.64%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -4.8 | - |
| TTM Sales (₹ Cr.) | 1.5 | - |
| BVPS (₹.) ⓘ | -11.3 | - |
| Reserves (₹ Cr.) ⓘ | -37 | - |
| P/BV ⓘ | -0.18 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1.83 / 2.01 |
| All Time Low / High (₹) | 1.47 / 54.05 |
| Market Cap (₹ Cr.) | 3.4 |
| Equity (₹ Cr.) | 17.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 20.14 | 20.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 41.65 | 38.10 | 38.10 | 45.58 | 52.30 | 58.56 | 52.10 | 47.77 | 47.21 | 20.24 |
| Operating Expenses ⓘ | 35.32 | 29.65 | 33.38 | 40.40 | 44.67 | 51.16 | 42.05 | 37.74 | 39.91 | 33.42 |
| Manufacturing Costs | 6.77 | 7.02 | 8.20 | 9.54 | 9.06 | 14.13 | 9.95 | 3.91 | 4.86 | 4.03 |
| Material Costs | 23.76 | 17.01 | 19.40 | 23.74 | 29.28 | 28.04 | 22.68 | 22.60 | 23.69 | 17.66 |
| Employee Cost | 2.68 | 3.18 | 3.12 | 4.42 | 4.38 | 5.18 | 5.77 | 6.16 | 6.21 | 8.48 |
| Other Costs ⓘ | 2.11 | 2.43 | 2.66 | 2.70 | 1.94 | 3.81 | 3.65 | 5.06 | 5.14 | 3.24 |
| Operating Profit ⓘ | 6.33 | 8.46 | 4.72 | 5.18 | 7.63 | 7.40 | 10.04 | 10.04 | 7.30 | -13.18 |
| Operating Profit Margin (%) | 15.2% | 22.2% | 12.4% | 11.4% | 14.6% | 12.6% | 19.3% | 21.0% | 15.5% | -65.1% |
| Other Income ⓘ | 0.08 | 0.01 | 0.01 | 0.06 | 0.02 | 0.11 | 0.03 | 0 | 0 | 0 |
| Interest ⓘ | 2.24 | 0.73 | 0.60 | 0.77 | 1.70 | 1.74 | 3.89 | 4.27 | 4.87 | 4.52 |
| Depreciation ⓘ | 4 | 4.52 | 4.10 | 4.17 | 4.85 | 4.93 | 5.44 | 5.49 | 5.46 | 5.44 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.16 | 3.22 | 0.04 | 0.29 | 1.09 | 0.84 | 0.75 | 0.28 | -3.02 | -23.13 |
| Tax ⓘ | 0.13 | 1.66 | -0.13 | 0.10 | 0.01 | -0.04 | 0.70 | 0.18 | -0.32 | -0.01 |
| Profit After Tax | 0.03 | 1.56 | 0.17 | 0.20 | 1.08 | 0.88 | 0.05 | 0.10 | -2.70 | -23.12 |
| PAT Margin (%) | 0.1% | 4.1% | 0.5% | 0.4% | 2.1% | 1.5% | 0.1% | 0.2% | -5.7% | -114.0% |
| Adjusted EPS (₹) | 0.0 | 0.9 | 0.1 | 0.1 | 0.6 | 0.5 | 0.0 | 0.1 | -1.6 | -13.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 16.19 | 17.75 | 17.93 | 18.12 | 19.20 | 20.08 | 20.13 | 20.23 | 17.53 | -5.59 |
| Share Capital ⓘ | 17.25 | 17.25 | 17.25 | 17.25 | 17.25 | 17.25 | 17.25 | 17.25 | 17.25 | 17.25 |
| Reserves ⓘ | -1.06 | 0.50 | 0.68 | 0.87 | 1.95 | 2.83 | 2.88 | 2.98 | 0.28 | -22.84 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 10.79 | 5.33 | 1.95 | 12.25 | 18.92 | 22.92 | 24.84 | 23.24 | 33.29 | 24.68 |
| Long Term Debt | 10.79 | 1.95 | 1.35 | 9.22 | 12.57 | 18.46 | 18.08 | 16.54 | 28.44 | 21.41 |
| Short Term Debt | 0 | 3.38 | 0.60 | 3.02 | 6.35 | 4.46 | 6.75 | 6.70 | 4.84 | 3.26 |
| Trade Payables | 3.65 | 2.09 | 2.99 | 5.26 | 4.75 | 6.82 | 5.56 | 6.31 | 8.60 | 9.06 |
| Others Liabilities ⓘ | 1.92 | 2.05 | 2.36 | 2.87 | 3.03 | 15.51 | 10.98 | 10.16 | 5.72 | 15.75 |
| Total Liabilities ⓘ | 32.55 | 27.22 | 25.22 | 38.50 | 45.90 | 65.33 | 61.51 | 59.94 | 65.14 | 43.90 |
Fixed Assets | ||||||||||
| Gross Block | 42.41 | 45.06 | 45.51 | 59.42 | 66.12 | 66.23 | 96.96 | 46.51 | 47.04 | 47.23 |
| Accumulated Depreciation | 18.56 | 23.09 | 27.19 | 31.28 | 36.13 | 41.06 | 46.46 | 0 | 5.42 | 10.86 |
| Net Fixed Assetsⓘ | 23.85 | 21.96 | 18.32 | 28.14 | 29.99 | 25.17 | 50.50 | 46.51 | 41.62 | 36.37 |
| CWIP ⓘ | 0.11 | 0 | 0.15 | 0.46 | 0.47 | 21.74 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 6.45 | 3.74 | 2.76 | 5.72 | 6.54 | 5.18 | 7 | 9.27 | 14.43 | 6.35 |
| Trade Receivables | 1.68 | 1.04 | 2.31 | 1.42 | 3.10 | 2.66 | 2.71 | 3.08 | 7.41 | 0.86 |
| Cash Equivalents | 0.06 | -0.11 | 0.69 | 1.18 | 0.50 | 0.28 | 0.12 | 0.18 | 0.39 | 0.08 |
| Others Assetsⓘ | 0.40 | 0.59 | 1 | 1.58 | 5.30 | 10.29 | 1.18 | 0.89 | 1.28 | 0.24 |
| Total Assets ⓘ | 32.55 | 27.22 | 25.22 | 38.50 | 45.90 | 65.33 | 61.51 | 59.94 | 65.14 | 43.90 |
| PARTICULARS | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 13.20 | 9.12 | 4.73 | 4.76 | 1.22 | 14.81 | 10.63 | 7.58 | -4.50 | 13 |
| PBT ⓘ | 0.16 | 3.22 | 0.04 | 0.29 | 1.09 | 0.84 | 0.75 | 0.28 | -3.02 | -23.13 |
| Adjustment ⓘ | 6.25 | 5.25 | 4.69 | 4.79 | 6.54 | 6.67 | 9.29 | 9.76 | 10.33 | 9.95 |
| Changes in Working Capital ⓘ | 6.83 | 1.31 | 0.66 | -0.33 | -6.3 | 7.5 | 1.06 | -2.26 | -11.75 | 26.18 |
| Tax Paid ⓘ | -0.04 | -0.66 | -0.66 | 0 | -0.11 | -0.19 | -0.47 | -0.19 | -0.06 | 0 |
| Cash Flow From Investing Activity ⓘ | -4.67 | -2.65 | -0.60 | -14.31 | -6.71 | -21.38 | -8.99 | -1.51 | -0.57 | -0.19 |
| Capex | -4.67 | -2.65 | -0.60 | -14.31 | -6.71 | -21.38 | -8.99 | -1.51 | -0.57 | -0.19 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -9.52 | -6.10 | -3.31 | 9.67 | 4.98 | 6.54 | -1.80 | -5.97 | 5.23 | -13.12 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -2.23 | -0.64 | -0.60 | -0.63 | -1.69 | -1.80 | -3.72 | -4.37 | -4.82 | -4.52 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -7.29 | -5.47 | -2.72 | 10.30 | 6.67 | 8.34 | 1.92 | -1.60 | 10.05 | -8.61 |
| Net Cash Flow ⓘ | -0.99 | 0.36 | 0.82 | 0.11 | -0.51 | -0.04 | -0.16 | 0.11 | 0.16 | -0.30 |
| PARTICULARS | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.2 | 9.18 | 0.97 | 1.1 | 5.79 | 4.46 | 0.26 | 0.49 | -14.3 | N/A |
| ROCE (%) | 7.86 | 15.77 | 2.96 | 4.24 | 8.15 | 6.04 | 9.28 | 8.89 | 3.61 | N/A |
| Asset Turnover Ratio | 1.19 | 1.39 | 1.57 | 1.57 | 1.37 | 1.16 | 0.9 | 0.86 | 0.85 | 0.44 |
| PAT to CFO Conversion(x) | 440 | 5.85 | 27.82 | 23.8 | 1.13 | 16.83 | 212.6 | 75.8 | N/A | N/A | Working Capital Days |
| Receivable Days | 10 | 12 | 15 | 14 | 14 | 16 | 17 | 20 | 36 | 62 |
| Inventory Days | 96 | 45 | 29 | 31 | 39 | 33 | 39 | 57 | 82 | 157 |
| Payable Days | 79 | 62 | 48 | 63 | 62 | 75 | 100 | 96 | 115 | 183 |
Biopac India Corporation Ltd.,formerly a division of Pushpa Implex Private Ltd , started its manufacturing business in the year 1998. The company is listed on the Mumbai Stock Exchange and has a Paid-up Equity Capital of Rs.160 million (approx. $ 3.5 millions). A 30,000 sq.ft. ultra modern plant of the company is located at Silvassa which is approximately 170 kms. North West of Mumbai.
The company employs about 80 people who take care of various functions like production, sales, logistics, finance, accounts and administration. The company produces world class foam polystyrene products and plans to be a global player in this business.
The company has also moved into making general purpose polystyrene foam cups, bowls, plates and so on. This was intended to be a substitute for the present products in the market, which were only disposable plates made of paper and rigid plastic. The potential market for higher quality disposable plates and takeout containers appears to have been behind the foray.
The company came with a public issue in April 2000 with initial public offer of equity for 4,30,000 shares.
Product range of the company includes:Consumer Products:
Take Out Food Containers
Industrial Products:
Readymade conveyance and packaging for:
Customised Products (Biofoam Sheets)
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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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