BSE: 523260 | NSE: PEARLPOLY | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Pearl Polymers Ltd is a average quality company.
The key valuation ratios of Pearl Polymers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Pearl 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 % ⓘ | 4.7% | 6.1% | 6% | 0.3% | -1.8% | -12.5% | -11.4% | 56.9% | -18.8% | 1% | - |
| Value Creation Index ⓘ | -0.7 | -0.6 | -0.6 | -1.0 | -1.1 | -1.9 | -1.8 | 3.1 | -2.3 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 199 | 177 | 174 | 181 | 179 | 140 | 112 | 14 | 17.1 | 16.4 | 19 |
| Sales YoY Gr. | - | -10.9% | -1.6% | 4% | -1.3% | -21.9% | -20% | -87.5% | 22.4% | -4.2% | - |
| Adj EPS ⓘ | -2.3 | 0.6 | -0.6 | -1.7 | -3 | -6.8 | -7.1 | 13.6 | -4.4 | -2 | 1 |
| YoY Gr. | - | NA | -195.2% | NA | NA | NA | NA | NA | -132.4% | NA | - |
| BVPS (₹) ⓘ | 31.1 | 31.4 | 31.2 | 29.9 | 27 | 20.6 | 14.3 | 27.4 | 22.6 | 22.9 | 23.8 |
| Adj Net Profit ⓘ | -3.8 | 1.1 | -1 | -2.9 | -5.1 | -11.5 | -12 | 23 | -7.5 | -3.3 | 2 |
| Cash Flow from Ops. ⓘ | 18.9 | 10.5 | 10.6 | 11.5 | 7.4 | 4 | 2.3 | 28.9 | -4.8 | -7.1 | - |
| Debt/CF from Ops. ⓘ | 1.6 | 2.7 | 2.7 | 2.6 | 3.6 | 6.6 | 12.2 | 0 | -0.1 | -0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -24.2% | -38% | -47.2% | -4.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -3.4% | -3.2% | 17.1% | 1.3% | ||||
| Share Price | 10.1% | 22% | 30.4% | 24.4% | ||||
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 % ⓘ | -6.6 | 2 | -1.9 | -5.7 | -10.7 | -28.7 | -41 | 65.5 | -17.7 | -8.6 | 4.1 |
| Op. Profit Mgn % ⓘ | 4 | 6.4 | 5.6 | 2.4 | 1.7 | -2.6 | -3.7 | -427.8 | -48.9 | -42.1 | -34.2 |
| Net Profit Mgn % ⓘ | -1.9 | 0.6 | -0.6 | -1.6 | -2.9 | -8.2 | -10.8 | 164.2 | -43.5 | -20.1 | 8.4 |
| Debt to Equity ⓘ | 0.6 | 0.5 | 0.5 | 0.6 | 0.6 | 0.8 | 1.2 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 127 | 134 | 142 | 148 | 152 | 168 | 170 | 791 | 212 | 160 | 356 |
| Cash Conv. Cycle ⓘ | 57 | 58 | 65 | 58 | 51 | 57 | 58 | 379 | 27 | 13 | 306 |
Sales growth is good in last 4 quarters at 22.04%
Return on Equity has declined versus last 3 years average to 4.10%
Sales growth has been subdued in last 3 years -47.24%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1 | - |
| TTM Sales (₹ Cr.) | 19.2 | - |
| BVPS (₹.) ⓘ | 23.8 | - |
| Reserves (₹ Cr.) ⓘ | 23 | - |
| P/BV ⓘ | 1.75 | - |
| PE ⓘ | 43.61 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 25.60 / 48.45 |
| All Time Low / High (₹) | 1.45 / 142.50 |
| Market Cap (₹ Cr.) | 70.3 |
| Equity (₹ Cr.) | 16.8 |
| 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 | 198.58 | 176.94 | 174.09 | 181.01 | 178.72 | 139.53 | 111.68 | 13.99 | 17.12 | 16.40 |
| Operating Expenses ⓘ | 190.84 | 166.50 | 164.38 | 176.70 | 175.99 | 143.96 | 115.84 | 75.92 | 26.89 | 23.37 |
| Manufacturing Costs | 49.31 | 50.89 | 49.40 | 51.38 | 47.61 | 40.60 | 34.65 | 3.25 | 1.85 | 1.71 |
| Material Costs | 116.28 | 88.61 | 86.12 | 97.22 | 102.35 | 78.63 | 59.59 | 11.04 | 12.12 | 9.78 |
| Employee Cost | 16.17 | 15.83 | 17.65 | 19.01 | 17.84 | 15.95 | 15.33 | 6.46 | 5.09 | 5.04 |
| Other Costs ⓘ | 9.07 | 11.17 | 11.20 | 9.09 | 8.20 | 8.78 | 6.26 | 55.18 | 7.83 | 6.85 |
| Operating Profit ⓘ | 7.74 | 10.43 | 9.71 | 4.31 | 2.72 | -4.42 | -4.15 | -61.93 | -9.77 | -6.97 |
| Operating Profit Margin (%) | 3.9% | 5.9% | 5.6% | 2.4% | 1.5% | -3.2% | -3.7% | -442.0% | -57.1% | -42.5% |
| Other Income ⓘ | 3.10 | 1.10 | 1.45 | 1.79 | 2.21 | 2.51 | 3.61 | 90.78 | 2.37 | 7.96 |
| Interest ⓘ | 6.22 | 5.39 | 4.50 | 4.57 | 4.95 | 4.18 | 4.10 | 0.25 | 0.07 | 0.05 |
| Depreciation ⓘ | 6.53 | 6.54 | 6.31 | 5.90 | 6.29 | 6.37 | 5.92 | 0.73 | 0.57 | 0.60 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -1.91 | -0.39 | 0.34 | -4.37 | -6.31 | -12.47 | -10.58 | 27.87 | -8.03 | 0.33 |
| Tax ⓘ | 0.59 | -0.86 | 0.98 | -1.74 | -1.45 | -1.32 | 0 | 6.02 | 0.14 | -0.33 |
| Profit After Tax | -2.51 | 0.46 | -0.64 | -2.63 | -4.86 | -11.15 | -10.58 | 21.84 | -8.17 | 0.65 |
| PAT Margin (%) | -1.3% | 0.3% | -0.4% | -1.5% | -2.7% | -8.0% | -9.5% | 156.1% | -47.7% | 4.0% |
| Adjusted EPS (₹) | -1.5 | 0.3 | -0.4 | -1.6 | -2.9 | -6.6 | -6.3 | 13.0 | -4.9 | 0.4 |
| 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 | 52.38 | 52.85 | 52.50 | 50.29 | 45.41 | 34.58 | 24.03 | 46.08 | 38.04 | 38.55 |
| Share Capital ⓘ | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 |
| Reserves ⓘ | 35.56 | 36.02 | 35.67 | 33.46 | 28.59 | 17.76 | 7.21 | 29.26 | 21.21 | 21.73 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 26.93 | 26.34 | 28.38 | 29.62 | 26.62 | 26.27 | 28.32 | 0.23 | 0.10 | 0 |
| Long Term Debt | 2.87 | 6.85 | 8.29 | 6.59 | 5.38 | 5.22 | 3.84 | 0.23 | 0.10 | 0 |
| Short Term Debt | 24.05 | 19.49 | 20.09 | 23.03 | 21.24 | 21.05 | 24.48 | 0 | 0 | 0 |
| Trade Payables | 29.80 | 25.49 | 31.14 | 42.90 | 41.67 | 32.55 | 26.03 | 4.18 | 4.07 | 4.20 |
| Others Liabilities ⓘ | 23.89 | 18.99 | 16.65 | 14.07 | 12.48 | 12.14 | 12.75 | 5.85 | 3.04 | 2.29 |
| Total Liabilities ⓘ | 133 | 123.67 | 128.66 | 136.88 | 126.18 | 105.54 | 91.13 | 56.34 | 45.25 | 45.04 |
Fixed Assets | ||||||||||
| Gross Block | 167.57 | 170.22 | 58.55 | 66.93 | 67.96 | 69.26 | 69.34 | 7.87 | 8.46 | 8.81 |
| Accumulated Depreciation | 110.91 | 117.41 | 6.37 | 12.25 | 18.19 | 24.49 | 30.32 | 3.15 | 3.67 | 4.14 |
| Net Fixed Assetsⓘ | 56.66 | 52.81 | 52.18 | 54.68 | 49.78 | 44.77 | 39.02 | 4.72 | 4.79 | 4.67 |
| CWIP ⓘ | 0 | 0 | 0.02 | 0.11 | 0 | 0 | 0.03 | 0 | 0 | 0 |
| Investmentsⓘ | 2.22 | 2.10 | 2.13 | 2.15 | 2.11 | 2.10 | 2.12 | 30.58 | 31.87 | 30.20 |
| Inventories | 22.94 | 21.78 | 22.83 | 22.18 | 22.44 | 19.71 | 15.92 | 3.07 | 1.75 | 2.08 |
| Trade Receivables | 40.80 | 36.90 | 43.12 | 47.81 | 43.51 | 30.42 | 26.56 | 2.24 | 2.05 | 1.75 |
| Cash Equivalents | 3.24 | 3.17 | 2.96 | 3.38 | 2.38 | 2.48 | 2.29 | 8.10 | 1.65 | 2.76 |
| Others Assetsⓘ | 7.13 | 6.92 | 5.43 | 6.58 | 5.96 | 6.07 | 5.18 | 7.64 | 3.14 | 3.57 |
| Total Assets ⓘ | 133 | 123.67 | 128.66 | 136.88 | 126.18 | 105.54 | 91.13 | 56.34 | 45.25 | 45.04 |
| 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 ⓘ | 18.94 | 10.47 | 10.60 | 11.53 | 7.42 | 4.03 | 2.33 | 28.90 | -4.78 | -7.09 |
| PBT ⓘ | -1.91 | -0.39 | 0.34 | -4.37 | -6.31 | -12.47 | -10.58 | 27.87 | -8.03 | 0.33 |
| Adjustment ⓘ | 12.54 | 11.58 | 10.35 | 10.47 | 10.27 | 9.19 | 8.05 | 0.90 | 0.23 | -6.72 |
| Changes in Working Capital ⓘ | 8.38 | -0.7 | -0.15 | 5.47 | 3.53 | 7.23 | 4.8 | 5.97 | 3.14 | -0.49 |
| Tax Paid ⓘ | -0.06 | -0.02 | 0.07 | -0.04 | -0.06 | 0.08 | 0.06 | -5.84 | -0.12 | -0.22 |
| Cash Flow From Investing Activity ⓘ | -6.93 | -2.24 | -4.86 | -8.01 | -0.27 | 0.32 | 1.79 | 5.13 | -1.41 | 8.38 |
| Capex | -7.06 | -2.70 | -5.36 | -8.41 | -0.58 | -0.12 | 2.44 | 32.03 | -0.64 | -0.56 |
| Net Investments | -0.31 | 0.12 | 0 | 0 | 0 | 0 | 0 | -27.40 | -1.87 | 7.71 |
| Others ⓘ | 0.43 | 0.33 | 0.49 | 0.41 | 0.31 | 0.45 | -0.66 | 0.50 | 1.10 | 1.23 |
| Cash Flow From Financing Activityⓘ | -12.63 | -8.36 | -5.53 | -3.42 | -7.95 | -4.35 | -2.28 | -28.22 | -0.26 | -0.18 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -5.92 | 1.57 | 1.50 | -0.13 | -2.22 | 0.51 | 0.54 | -9.74 | -0.19 | -0.13 |
| Interest Paid ⓘ | -6.58 | -5.36 | -4.57 | -4.57 | -4.94 | -4.09 | -4.22 | -0.32 | -0.07 | -0.05 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.13 | -4.57 | -2.46 | 1.29 | -0.78 | -0.77 | 1.40 | -18.16 | 0 | 0 |
| Net Cash Flow ⓘ | -0.63 | -0.14 | 0.21 | 0.11 | -0.80 | 0.01 | 1.84 | 5.81 | -6.45 | 1.11 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -4.38 | 0.88 | -1.21 | -5.12 | -10.17 | -27.87 | -36.09 | 62.31 | -19.43 | 1.71 |
| ROCE (%) | 4.73 | 6.13 | 5.97 | 0.25 | -1.8 | -12.46 | -11.42 | 56.89 | -18.79 | 0.99 |
| Asset Turnover Ratio | 1.49 | 1.45 | 1.4 | 1.37 | 1.36 | 1.2 | 1.14 | 0.19 | 0.34 | 0.36 |
| PAT to CFO Conversion(x) | N/A | 22.76 | N/A | N/A | N/A | N/A | N/A | 1.32 | N/A | -10.91 | Working Capital Days |
| Receivable Days | 70 | 76 | 83 | 91 | 93 | 97 | 93 | 376 | 46 | 42 |
| Inventory Days | 40 | 44 | 46 | 45 | 46 | 55 | 58 | 248 | 51 | 43 |
| Payable Days | 86 | 114 | 120 | 139 | 151 | 172 | 179 | 500 | 124 | 154 |
Pearl Polymers (PPL) incorporated in 1971, is engaged in manufacturing of Polyethylene Terephthalate (PET) products.
Pearl Polymers has created flagship brand namely PEARLPET. The company has an in-house research and development facility that is equipped with CAD systems, in-house mould development and team of skilful employees.
Manufacturing facilities
The company’s manufacturing units are located at Gurgaon, Mahad, Jigani, Baddi and Pantnagar. The manufacturing facilities have received ISO 9001 and ISO 140001 certifications.
The company started manufacturing its products with one machine that has grown to 40 machines spread across India..
Pearl Polymers ventured in the field of manufacturing and exporting all types of PET bottles, containers, jars, etc using advanced Injection Stretch Blow Molding (ISBM) technology. PPL manufactures containers for various industries like pharmaceuticals, beverages, confectionery, personal care, liquor, etc.
Products of the company
Industrial Products
Pearl Pet - Retail
Awards
The company has received Johnson & Johnson Worldwide Sustainability Award for its initiative taken in implementing the change in bulk packaging process at its new unit at Baddi.
The company was awarded Indiastar award for its 750 ml signature pack.
Pearl Polymers also received Plasticon award for its signature bottle pack in PET.
Company’s Clients
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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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