BSE: 531280 | NSE: | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Pankaj Polymers Ltd is a below average quality company.
The key valuation ratios of Pankaj Polymers 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 Pankaj 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 % ⓘ | 6.6% | 0% | 12% | 3.6% | -10.8% | 28.7% | 0.5% | 1.5% | 2.9% | 0.9% | - |
| Value Creation Index ⓘ | -0.5 | -1.0 | -0.1 | -0.8 | -1.8 | 1.1 | -1.0 | -0.9 | -0.8 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 34.3 | 7.9 | 5.7 | 4.7 | 0.8 | 0.7 | 1.3 | 1.8 | 1.8 | 1.8 | 1 |
| Sales YoY Gr. | - | -77% | -27.8% | -17.8% | -82.5% | -17.1% | 85.3% | 41.3% | 0% | -1.1% | - |
| Adj EPS ⓘ | 0.9 | -2.1 | -1.3 | -0.5 | -1.6 | 0.9 | -0.2 | -0.3 | 0.1 | -0.2 | -0.3 |
| YoY Gr. | - | -334.1% | NA | NA | NA | NA | -118.1% | NA | NA | -355.6% | - |
| BVPS (₹) ⓘ | 16.5 | 14.7 | 16.2 | 16.5 | 14.6 | 20.2 | 20.4 | 20.1 | 20.2 | 19.9 | 19.7 |
| Adj Net Profit ⓘ | 0.5 | -1.2 | -0.7 | -0.3 | -0.9 | 0.5 | -0.1 | -0.2 | 0.1 | -0.1 | 0 |
| Cash Flow from Ops. ⓘ | 2.4 | 2.8 | -1.3 | -0.3 | 1.8 | -3.8 | -1.4 | -0.7 | -0.6 | -0.2 | - |
| Debt/CF from Ops. ⓘ | 3.8 | 1.2 | -2 | -9 | 0.1 | -0.1 | -0.3 | -4.9 | -4.7 | -13.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -28.1% | 16.5% | 11.8% | -1.1% | ||||
| Adj EPS ⓘ | -185.8% | NA | NA | -355.6% | ||||
| BVPSⓘ | 2.1% | 6.4% | -0.7% | -1.3% | ||||
| Share Price | -4.1% | 6.8% | 22.1% | 46% | ||||
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 % ⓘ | 5.4 | -13.7 | -8.5 | -3.3 | -10.3 | 5.4 | -0.8 | -1.3 | 0.4 | -1.2 | -1.5 |
| Op. Profit Mgn % ⓘ | -0.5 | 1.6 | -13.1 | -1.8 | -111 | -95.3 | -36.3 | -42.9 | -34.5 | -32.5 | -48.9 |
| Net Profit Mgn % ⓘ | 1.5 | -15 | -12.8 | -6.4 | -107.8 | 76.6 | -7.3 | -8.3 | 2.8 | -7.3 | -17.9 |
| Debt to Equity ⓘ | 1 | 0.4 | 0.3 | 0.3 | 0 | 0.1 | 0 | 0.3 | 0.3 | 0.2 | 0.1 |
| Working Cap Days ⓘ | 132 | 459 | 458 | 567 | 2,485 | 3,212 | 2,320 | 1,980 | 2,257 | 2,169 | 218 |
| Cash Conv. Cycle ⓘ | 86 | 260 | 210 | 164 | 488 | 79 | -40 | 20 | 30 | 12 | 112 |
Sales growth is growing at healthy rate in last 3 years 11.78%
Return on Equity is Poor
Sales growth is not so good in last 4 quarters at -51.01%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.3 | - |
| TTM Sales (₹ Cr.) | 0.9 | - |
| BVPS (₹.) ⓘ | 19.7 | - |
| Reserves (₹ Cr.) ⓘ | 5 | - |
| P/BV ⓘ | 0.56 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 5.64 / 12.73 |
| All Time Low / High (₹) | 2.39 / 35.85 |
| Market Cap (₹ Cr.) | 6.1 |
| Equity (₹ Cr.) | 5.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| 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 | 34.31 | 7.88 | 5.69 | 4.68 | 0.82 | 0.68 | 1.26 | 1.78 | 1.78 | 1.76 |
| Operating Expenses ⓘ | 34.47 | 7.75 | 6.44 | 4.76 | 1.73 | 1.69 | 1.72 | 2.55 | 2.40 | 2.34 |
| Manufacturing Costs | 2.92 | 1.17 | 0.91 | 0.97 | 0.19 | 0.06 | 0.06 | 0.06 | 0.08 | 0.10 |
| Material Costs | 29.33 | 5.44 | 3.84 | 2.99 | 1.04 | 0.67 | 1.25 | 1.77 | 1.76 | 1.75 |
| Employee Cost | 0.42 | 0.20 | 0.15 | 0.27 | 0.09 | 0.07 | 0.06 | 0.06 | 0.07 | 0.07 |
| Other Costs ⓘ | 1.79 | 0.94 | 1.55 | 0.52 | 0.41 | 0.89 | 0.35 | 0.66 | 0.49 | 0.42 |
| Operating Profit ⓘ | -0.16 | 0.13 | -0.75 | -0.08 | -0.91 | -1.01 | -0.46 | -0.77 | -0.62 | -0.57 |
| Operating Profit Margin (%) | -0.5% | 1.6% | -13.1% | -1.8% | -111.0% | -148.0% | -36.3% | -42.9% | -34.6% | -32.5% |
| Other Income ⓘ | 1.80 | 0.30 | 2.57 | 0.90 | 0.15 | 4.17 | 0.65 | 1.10 | 1.14 | 0.81 |
| Interest ⓘ | 0.95 | 0.95 | 0.40 | 0.30 | 0.13 | 0.04 | 0.04 | 0.19 | 0.36 | 0.27 |
| Depreciation ⓘ | 0.49 | 0.42 | 0.45 | 0.41 | 0.30 | 0.30 | 0.13 | 0.14 | 0.11 | 0.11 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.20 | -0.94 | 0.97 | 0.10 | -1.19 | 2.82 | 0.02 | 0 | 0.05 | -0.14 |
| Tax ⓘ | -0.30 | 0.08 | 0.03 | 0.02 | -0.19 | -0.13 | 0.03 | 0.03 | 0.01 | -0.01 |
| Profit After Tax | 0.50 | -1.03 | 0.95 | 0.08 | -1 | 2.95 | -0.01 | -0.02 | 0.05 | -0.13 |
| PAT Margin (%) | 1.4% | -13.1% | 16.7% | 1.8% | -121.0% | 434.2% | -1.2% | -1.2% | 2.7% | -7.2% |
| Adjusted EPS (₹) | 0.9 | -1.9 | 1.7 | 0.2 | -1.8 | 5.3 | 0.0 | 0.0 | 0.1 | -0.2 |
| 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 | 9.15 | 8.12 | 9 | 9.12 | 8.10 | 11.17 | 11.29 | 11.15 | 11.19 | 11.05 |
| Share Capital ⓘ | 5.54 | 5.54 | 5.54 | 5.54 | 5.54 | 5.54 | 5.54 | 5.54 | 5.54 | 5.54 |
| Reserves ⓘ | 3.61 | 2.58 | 3.46 | 3.58 | 2.55 | 5.63 | 5.74 | 5.60 | 5.65 | 5.51 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 8.92 | 3.12 | 2.24 | 1.90 | 0.06 | 0.37 | 0.27 | 2.79 | 2.21 | 1.94 |
| Long Term Debt | 0.76 | 0.57 | 0.40 | 0.25 | 0.06 | 0.37 | 0.27 | 2.79 | 2.21 | 1.69 |
| Short Term Debt | 8.16 | 2.55 | 1.85 | 1.65 | 0 | 0 | 0 | 0 | 0 | 0.25 |
| Trade Payables | 3.40 | 0.45 | 0.22 | 0.27 | 0.03 | 0.36 | 0.12 | 0 | 0 | 0 |
| Others Liabilities ⓘ | 0.95 | 0.89 | 0.99 | 0.84 | 0.38 | 0.80 | 0.22 | 0.86 | 0.72 | 1.15 |
| Total Liabilities ⓘ | 22.42 | 12.58 | 12.45 | 12.13 | 8.57 | 12.69 | 11.89 | 14.80 | 14.12 | 14.14 |
Fixed Assets | ||||||||||
| Gross Block | 15.15 | 12.18 | 11.70 | 11.30 | 9.51 | 3.50 | 3.22 | 3.16 | 2.53 | 2.51 |
| Accumulated Depreciation | 9.83 | 7.13 | 7.48 | 7.45 | 7.22 | 1.95 | 2 | 2.06 | 1.57 | 1.68 |
| Net Fixed Assetsⓘ | 5.32 | 5.05 | 4.22 | 3.85 | 2.29 | 1.54 | 1.22 | 1.10 | 0.96 | 0.83 |
| CWIP ⓘ | 0.80 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.72 | 0.30 | 0.85 | 1.04 | 2.21 | 2.95 | 2.52 | 2.32 | 2.32 | 2.32 |
| Inventories | 1.87 | 1.41 | 0.98 | 0.80 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 8.61 | 3.03 | 1.84 | 1.07 | 0.51 | 0.01 | 0.11 | 0.18 | 0.11 | 0 |
| Cash Equivalents | 2.75 | 0.26 | 0.05 | 0.04 | 0.08 | 0.22 | 0.09 | 0.09 | 0.07 | 0.06 |
| Others Assetsⓘ | 2.35 | 2.53 | 4.50 | 5.33 | 3.48 | 7.98 | 7.95 | 11.11 | 10.65 | 10.93 |
| Total Assets ⓘ | 22.42 | 12.58 | 12.45 | 12.13 | 8.57 | 12.69 | 11.89 | 14.80 | 14.12 | 14.14 |
| 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 ⓘ | 2.38 | 2.81 | -1.29 | -0.25 | 1.79 | -3.77 | -1.38 | -0.69 | -0.59 | -0.18 |
| PBT ⓘ | 0.20 | -0.94 | 0.97 | 0.10 | -1.19 | 2.82 | 0.02 | 0 | 0.05 | -0.14 |
| Adjustment ⓘ | 1.58 | 1.17 | -1.17 | -0.16 | 0.28 | -3.47 | -0.48 | -0.59 | -0.47 | -0.43 |
| Changes in Working Capital ⓘ | 0.74 | 2.63 | -1.05 | -0.15 | 2.77 | -3.07 | -0.5 | 0.01 | -0.17 | 0.38 |
| Tax Paid ⓘ | -0.14 | -0.04 | -0.05 | -0.04 | -0.07 | -0.06 | -0.42 | -0.11 | 0 | 0.02 |
| Cash Flow From Investing Activity ⓘ | -1.03 | 1.40 | 2.37 | 0.69 | 0.21 | 3.64 | 1.39 | 0.99 | 0.96 | 0.08 |
| Capex | -1.05 | 0.69 | 2.27 | 0.51 | 1.10 | 4.28 | 0.19 | -0.01 | 0.03 | -0.74 |
| Net Investments | 0 | 0.60 | 0 | -0.15 | -1.20 | -0.98 | 0.66 | 0.26 | 0 | 0 |
| Others ⓘ | 0.02 | 0.12 | 0.10 | 0.33 | 0.31 | 0.33 | 0.54 | 0.74 | 0.94 | 0.81 |
| Cash Flow From Financing Activityⓘ | 0.95 | -6.70 | -1.28 | -0.45 | -1.96 | 0.27 | -0.14 | -0.30 | -0.39 | 0.09 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0.59 | -0.19 | 0 | 0 | 0 | 0 | -0.10 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.95 | -0.95 | -0.40 | -0.30 | -0.13 | -0.04 | -0.04 | -0.19 | -0.36 | -0.27 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.31 | -5.56 | -0.88 | -0.15 | -1.84 | 0.30 | 0 | -0.11 | -0.04 | 0.35 |
| Net Cash Flow ⓘ | 2.30 | -2.49 | -0.20 | -0.01 | 0.04 | 0.13 | -0.13 | 0.01 | -0.02 | -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 (%) | 5.36 | -11.92 | 11.08 | 0.92 | -11.59 | 30.66 | -0.13 | -0.19 | 0.43 | -1.15 |
| ROCE (%) | 6.63 | 0.02 | 11.99 | 3.56 | -10.82 | 28.65 | 0.5 | 1.5 | 2.87 | 0.93 |
| Asset Turnover Ratio | 1.64 | 0.45 | 0.46 | 0.38 | 0.08 | 0.06 | 0.1 | 0.13 | 0.12 | 0.12 |
| PAT to CFO Conversion(x) | 4.76 | N/A | -1.36 | -3.13 | N/A | -1.28 | N/A | N/A | -11.8 | N/A | Working Capital Days |
| Receivable Days | 95 | 270 | 156 | 114 | 350 | 139 | 17 | 29 | 30 | 0 |
| Inventory Days | 19 | 76 | 77 | 70 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 31 | 129 | 32 | 30 | 52 | 106 | 69 | 12 | 0 | 0 |
Pankaj Polymers was incorporated in the year 1992. It is engaged in the business of manufacturing and marketing of polymer products. The company is based in Secunderabad, while the registered office of the company is at Andhra Pradesh.
Pankaj Polymers Limited engages in the manufacture and sale of High Density Polyethylene (HDPE) and polypropylene (PP) woven sacks, fabrics, sheets, disposable wares and other products, which find application in the packaging of cement, fertilizers, food grain, sugar, salt, chemicals, textile cones, and other commodities, glasses, trays, plates and other products made of polypropylene are used by fast food manufacturers, dairy and processed food Industries, self ending/dispensing machines, mineral water industries, and other users. The company’s polypropylene disposable wares comprise various plastic disposable containers, including ice-cream cups, tea/coffee glasses, fruit juice-soft drink glasses, tumblers, plates, lids, and trays. These containers are primarily used by fast food manufacturers, dairy industries, processed food industries, self vending/dispensing machines, mineral water industries, pharmaceutical industries, and detergent industries.
Two units for the manufacture of HDPE/PP woven sacks and fabrics are located at Nagpur in Maharashtra and Hyderabad in Andhra Pradesh with an installed capacity of 6,695 MTPA. The PP disposable wares/containers unit is located at Hyderabad in Andhra Pradesh with an installed capacity of 1,901 MTPA.
The manufacturing operations at the Nagpur unit have been suspended as it was found to be increasingly unviable.
The company has already applied for closure or shifting of the unit with the appropriate authorities, the approval for which is yet to be received.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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