BSE: 506858 | NSE: | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gujarat Petrosynthese Ltd is a below average quality company.
The key valuation ratios of Gujarat Petrosynthese Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gujarat Petrosynthese 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 % ⓘ | -2.3% | 0.5% | 2.3% | 0.3% | -6.4% | 6.8% | 20.2% | 6.8% | 4.3% | 2.8% | - |
| Value Creation Index ⓘ | -1.2 | -1.0 | -0.8 | -1.0 | -1.5 | -0.5 | 0.4 | -0.5 | -0.7 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 8.8 | 11.2 | 17.7 | 18.9 | 22.1 | 20.2 | 19.3 | 30 | 19.6 | 13.9 | 14 |
| Sales YoY Gr. | - | 27.4% | 58.8% | 6.7% | 16.8% | -8.4% | -4.3% | 55.2% | -34.9% | -29.2% | - |
| Adj EPS ⓘ | -1.4 | -2.3 | -2.6 | -1.3 | -1.8 | -0.2 | 1.8 | 3.2 | 2.4 | 2.8 | 2.1 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | 74.5% | -26.8% | 17.9% | - |
| BVPS (₹) ⓘ | 31.5 | 34.5 | 35.3 | 36.3 | 34.5 | 37 | 45.4 | 76.1 | 78.4 | 81.2 | 81.9 |
| Adj Net Profit ⓘ | -0.9 | -1.4 | -1.5 | -0.8 | -1.1 | -0.1 | 1.1 | 1.9 | 1.4 | 1.7 | 1 |
| Cash Flow from Ops. ⓘ | -1.6 | 2.7 | -2.1 | -1.2 | 0.2 | 1.4 | 3.4 | -1.9 | -2.8 | 1.2 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | -0.1 | -0.6 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.2% | -8.9% | -10.5% | -29.2% | ||||
| Adj EPS ⓘ | NA | NA | 14.6% | 17.9% | ||||
| BVPSⓘ | 11.1% | 18.7% | 21.4% | 3.6% | ||||
| Share Price | 13.8% | 65% | 15.8% | 34% | ||||
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 % ⓘ | -4.5 | -6.8 | -7.3 | -3.6 | -5.2 | -0.6 | 4.5 | 5.3 | 3 | 3.5 | 2.6 |
| Op. Profit Mgn % ⓘ | -18.3 | -12.5 | -12.7 | -9.5 | -6.5 | -5.2 | -5.6 | 2.6 | -1 | -9.9 | -11.2 |
| Net Profit Mgn % ⓘ | -9.8 | -12.2 | -8.6 | -4.1 | -5 | -0.6 | 5.7 | 6.4 | 7.2 | 11.9 | 8.7 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 408 | 296 | 171 | 171 | 148 | 123 | 142 | 195 | 435 | 606 | 120 |
| Cash Conv. Cycle ⓘ | 47 | 34 | 27 | 25 | 18 | 26 | 30 | 26 | 68 | 84 | 94 |
Net Profit is growing at healthy rate in last 3 years 14.61%
Return on Equity has declined versus last 3 years average to 2.60%
Sales growth has been subdued in last 3 years -10.53%
Sales growth is not so good in last 4 quarters at -10.98%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.1 | 1.3 |
| TTM Sales (₹ Cr.) | 14.5 | 27.7 |
| BVPS (₹.) ⓘ | 81.9 | 0 |
| Reserves (₹ Cr.) ⓘ | 43 | 40 |
| P/BV ⓘ | 0.87 | 0.00 |
| PE ⓘ | 33.68 | 54.53 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 44.25 / 97.96 |
| All Time Low / High (₹) | 1.65 / 110.00 |
| Market Cap (₹ Cr.) | 42.4 |
| Equity (₹ Cr.) | 6 |
| 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 | 8.75 | 11.15 | 17.71 | 18.89 | 22.07 | 20.21 | 19.34 | 30.02 | 19.55 | 13.85 |
| Operating Expenses ⓘ | 10.34 | 12.54 | 19.97 | 20.68 | 23.50 | 21.27 | 20.42 | 29.23 | 19.74 | 15.21 |
| Manufacturing Costs | 0.68 | 0.80 | 1.40 | 1.21 | 1.14 | 1.10 | 0.88 | 1.75 | 1.44 | 1.53 |
| Material Costs | 6.90 | 8.45 | 14.27 | 15.46 | 18.10 | 16.33 | 15.97 | 24.23 | 14.93 | 10.04 |
| Employee Cost | 0.96 | 1.10 | 2.40 | 2.67 | 2.83 | 2.69 | 2.62 | 2.31 | 2.37 | 2.65 |
| Other Costs ⓘ | 1.80 | 2.20 | 1.90 | 1.34 | 1.42 | 1.14 | 0.95 | 0.94 | 1.01 | 0.99 |
| Operating Profit ⓘ | -1.60 | -1.39 | -2.26 | -1.79 | -1.44 | -1.06 | -1.08 | 0.79 | -0.19 | -1.37 |
| Operating Profit Margin (%) | -18.3% | -12.5% | -12.7% | -9.5% | -6.5% | -5.3% | -5.6% | 2.6% | -1.0% | -9.9% |
| Other Income ⓘ | 1.12 | 0.32 | 0.22 | 0.10 | 0.30 | 0.46 | 0.63 | 1.88 | 2.54 | 2.94 |
| Interest ⓘ | 0 | 0 | 0 | 0.01 | 0.03 | 0 | 0 | 0.01 | 0.01 | 0.02 |
| Depreciation ⓘ | 0.50 | 0.32 | 0.27 | 0.23 | 0.23 | 0.25 | 0.18 | 0.22 | 0.25 | 0.27 |
| Exceptional Items ⓘ | 0.55 | 1.49 | 2.79 | 1.98 | 0 | 2.32 | 5.58 | 0 | -0.12 | 0 |
| Profit Before Tax ⓘ | -0.44 | 0.09 | 0.48 | 0.05 | -1.40 | 1.46 | 4.96 | 2.45 | 1.97 | 1.29 |
| Tax ⓘ | 0.04 | 0.40 | 0.03 | -0.57 | -0.31 | -0.03 | -0.05 | 0.51 | 0.58 | -0.37 |
| Profit After Tax | -0.48 | -0.31 | 0.44 | 0.62 | -1.09 | 1.49 | 5.01 | 1.94 | 1.39 | 1.66 |
| PAT Margin (%) | -5.5% | -2.8% | 2.5% | 3.3% | -5.0% | 7.4% | 25.9% | 6.5% | 7.1% | 12.0% |
| Adjusted EPS (₹) | -0.8 | -0.5 | 0.8 | 1.0 | -1.8 | 2.5 | 8.4 | 3.3 | 2.3 | 2.8 |
| 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 | 18.82 | 20.62 | 21.07 | 21.69 | 20.60 | 22.09 | 27.10 | 45.42 | 46.80 | 48.46 |
| Share Capital ⓘ | 5.97 | 5.97 | 5.97 | 5.97 | 5.97 | 5.97 | 5.97 | 5.97 | 5.97 | 5.97 |
| Reserves ⓘ | 12.85 | 14.65 | 15.10 | 15.72 | 14.63 | 16.12 | 21.13 | 39.45 | 40.83 | 42.49 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0.27 | 0.64 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0.27 | 0.64 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 1.40 | 1.51 | 1.23 | 1.21 | 1.60 | 1.04 | 1.53 | 1.71 | 1.68 | 1.37 |
| Others Liabilities ⓘ | 0.78 | 1.29 | 0.96 | 0.30 | 0.06 | -0.11 | -0.51 | 1.04 | 1.43 | 0.87 |
| Total Liabilities ⓘ | 20.99 | 23.42 | 23.53 | 23.83 | 22.25 | 23.01 | 28.12 | 48.17 | 49.91 | 50.71 |
Fixed Assets | ||||||||||
| Gross Block | 9.66 | 9.73 | 4.31 | 2.58 | 8.44 | 8.69 | 8.45 | 4.03 | 4.22 | 4.74 |
| Accumulated Depreciation | 5.36 | 5.68 | 0.26 | 0.48 | 6.31 | 6.55 | 6.45 | 1.92 | 2.17 | 1.76 |
| Net Fixed Assetsⓘ | 4.30 | 4.05 | 4.05 | 2.10 | 2.13 | 2.14 | 2 | 2.11 | 2.05 | 2.98 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 6.12 | 9.92 | 10.23 | 10.11 | 10.31 | 9.64 | 15.25 | 22.74 | 22.62 | 24.79 |
| Inventories | 0.32 | 0.53 | 0.54 | 0.57 | 0.51 | 0.85 | 0.69 | 0.98 | 0.80 | 0.99 |
| Trade Receivables | 2.03 | 2.02 | 2.17 | 1.62 | 2.29 | 1.80 | 2.40 | 3.64 | 5.30 | 2.13 |
| Cash Equivalents | 0.65 | 1.21 | 0.90 | 2.23 | 1.35 | 6.03 | 0.99 | 1.20 | 0.71 | 1.51 |
| Others Assetsⓘ | 7.56 | 5.69 | 5.63 | 7.21 | 5.65 | 2.55 | 6.78 | 17.51 | 18.42 | 18.31 |
| Total Assets ⓘ | 20.99 | 23.42 | 23.53 | 23.83 | 22.25 | 23.01 | 28.12 | 48.17 | 49.91 | 50.71 |
| 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 ⓘ | -1.63 | 2.67 | -2.06 | -1.17 | 0.15 | 1.43 | 3.42 | -1.86 | -2.79 | 1.18 |
| PBT ⓘ | -0.98 | 0.09 | 0.48 | 0.05 | -1.40 | 1.46 | 4.96 | 2.45 | 1.97 | 1.29 |
| Adjustment ⓘ | 0.33 | 0.48 | -2.66 | -1.86 | 0.15 | -2.48 | -0.42 | -1.57 | -2.01 | -2.63 |
| Changes in Working Capital ⓘ | -0.97 | 2.1 | -0.07 | 0.66 | 1.4 | 2.46 | -0.75 | -2.75 | -2.83 | 2.78 |
| Tax Paid ⓘ | 0 | 0 | 0.20 | -0.03 | 0 | 0 | -0.36 | 0.02 | 0.09 | -0.27 |
| Cash Flow From Investing Activity ⓘ | 0.80 | -4.05 | 2.12 | 2.14 | -0.36 | 3.25 | -3.37 | 2.06 | 2.36 | -0.31 |
| Capex | 0.55 | -0.07 | 2.58 | 1.91 | -0.27 | -0.26 | 1.91 | -0.16 | -0.20 | -1.08 |
| Net Investments | 0.12 | -3.80 | -0.58 | 0.15 | -1.23 | -0.33 | -5.71 | 1.12 | 1.26 | -0.70 |
| Others ⓘ | 0.13 | -0.17 | 0.12 | 0.08 | 1.13 | 3.84 | 0.43 | 1.11 | 1.30 | 1.47 |
| Cash Flow From Financing Activityⓘ | 0.85 | 1.94 | -0.07 | 0.36 | -0.66 | 0 | 0 | -0.05 | -0.06 | -0.07 |
| Net Proceeds from Shares ⓘ | 1.14 | 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 ⓘ | 0 | 0 | 0 | 0 | -0.02 | 0 | 0 | 0 | 0 | -0.01 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.28 | 1.94 | -0.07 | 0.36 | -0.64 | 0 | 0 | -0.05 | -0.06 | -0.06 |
| Net Cash Flow ⓘ | 0.02 | 0.56 | -0.01 | 1.33 | -0.87 | 4.68 | 0.05 | 0.15 | -0.49 | 0.80 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -2.56 | -1.58 | 2.13 | 2.92 | -5.17 | 6.99 | 20.39 | 5.34 | 3 | 3.48 |
| ROCE (%) | -2.29 | 0.46 | 2.3 | 0.28 | -6.4 | 6.84 | 20.17 | 6.77 | 4.28 | 2.75 |
| Asset Turnover Ratio | 0.41 | 0.5 | 0.75 | 0.8 | 0.96 | 0.89 | 0.76 | 0.79 | 0.4 | 0.28 |
| PAT to CFO Conversion(x) | N/A | N/A | -4.68 | -1.89 | N/A | 0.96 | 0.68 | -0.96 | -2.01 | 0.71 | Working Capital Days |
| Receivable Days | 81 | 66 | 43 | 37 | 32 | 37 | 40 | 37 | 83 | 98 |
| Inventory Days | 14 | 14 | 11 | 11 | 9 | 12 | 15 | 10 | 17 | 24 |
| Payable Days | 68 | 63 | 35 | 29 | 28 | 29 | 29 | 24 | 41 | 55 |
Gujarat Petrosynthese (GPL), Polymer Blends & Alloys Division is an ISO 9001- 2000 certified company engaged in manufacturing Polymer Blends & Alloys, Specialty grade compounds with Engineering Plastics to meet demanding needs for specific applications. It was incorporated on September 19, 1977 as a private limited company and converted into a public limited company on September 13, 1981.
GPL successfully commissioned India's first polybutene unit in 1984. Since then, it has successfully marketed polybutenes under the PETROVIS brand name within the country and abroad. Under an agreement signed in 1997, PETROVIS polybutenes are now manufactured under toll conversion for Indian Petrochemicals Corporation Limited (IPCL), one of India's premier petrochemicals company. Through this agreement, customers have the advantage of better access to PETROVIS through IPCL's vast distribution network within India and overseas.
The polymer division is set up in joint sector by Gujarat Petrosynthese (GPL),Vadodara,a pioneer & profit making manufacturer of Polybutenes, and Karnataka State Industrial Investment & Development Corporation. The company has technical collaboration with China National Chemical Construction Corporation (CNCCC) who has also made an equity contribution. It is one of the first joint ventures between India and China. The company has four Twin Screw Co rotating Extrusion lines complete with allied equipments. A full fledged testing laboratory has also been set-up with injection molding machine, universal testing machine, melt flow indexer, Microprocessor controlled multistation HDT/VST apparatus, Sophisticated Computerized color matching capabilities of latest state of the art, imported spectrophotometer and formulation software etc. The company has also installed a D.G.Set for captive power generation.
The project was commissioned as Karnataka Petrosynthese Limited at the end of November 1996 by Chinese collaborators and commercial production started from December 1996. Plant Engineers have been trained extensively in the collaborators unit in China. The company has merged with Gujarat Petrosynthese Limited and became its Polymer Blends & Alloy Division w.e.f 1.4.2001.
The company is capable of providing a wide variety of products manufactured to suit customer requirements. Present product mix includes Modified Polycarbonate, Modified PVC, Modified Polyacetals, Modified ABS , modified PBT , modified polyamide , modified PP etc. Major markets for these products encompass automobile, textile, electrical & electronic, telecommunication, consumer goods and light industry. The company welcomes enquiries from customers requiring products, which are tailor made to suit their individual requirements.
Product range of the company includes:
Achievements/ recognition:
An ISO 9001- 2000 certified company
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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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