Polycon International Ltd - Stock Valuation and Financial Performance

BSE: 531397 | NSE: | Plastic Products | Small Cap

Polycon Internatl. Share Price

31.50 0.00 0.00%
as on 13-Nov'24 16:59

DeciZen - make an informed investing decision on Polycon Internatl.

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Polycon International stock performance -

mw4me loader
P/E Ratio (SA):
78.57
Market Cap:
15.4 Cr.
52-wk low:
11.5
52-wk high:
33.8

Is Polycon International Ltd an attractive stock to invest in?

1. Is Polycon International Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Polycon International Ltd is a below average quality company.

2. Is Polycon International Ltd undervalued or overvalued?

The key valuation ratios of Polycon International Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Polycon International Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Polycon International Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Polycon Internatl.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Polycon International Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9.2%8.5%7.7%6.1%7.4%-2.3%6.9%7.1%6.2%6.1%-
Value Creation
Index
-0.3-0.4-0.5-0.6-0.5-1.2-0.5-0.5-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 38.436.839.635.637.53027.630.626.22323
Sales YoY Gr.--4.2%7.7%-10%5.4%-20%-8%10.7%-14.2%-12.2%-
Adj EPS 0.30.50.50.10.3-3.3-0.6-0.20.10.10.4
YoY Gr.-82.8%-9.4%-75%133.3%-1292.9%NANANA-14.3%-
BVPS (₹) 12.713.213.614.214.68.76.76.56.66.76.1
Adj Net
Profit
0.10.30.20.10.1-1.6-0.3-0.10.10.10
Cash Flow from Ops. 7.91.32.71.84.40.8-0.12.30-0.6-
Debt/CF from Ops. 2.616.28.111.95.228.4-351.512.1-2404.8-54.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -5.5%-9.3%-5.9%-12.2%
Adj EPS -9.3%-15.6%NA-14.3%
BVPS-6.8%-14.3%0.3%1.8%
Share Price 14% 34.1% 34% 96.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.23.83.30.81.8-26.2-6.9-2.71.81.66.3
Op. Profit
Mgn %
9.78.77.86.38.4711.110.811.713.614.7
Net Profit
Mgn %
0.40.70.60.20.4-5.4-1.1-0.30.30.30.9
Debt to
Equity
32.932.934.66.47.47.88.5-
Working Cap
Days
168154171202199250289299377467238
Cash Conv.
Cycle
114108122151153190214226288364116

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.30%

Sales growth has been subdued in last 3 years -5.88%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 8.54

Sales growth is not so good in last 4 quarters at -6.10%

Latest Financials - Polycon International Ltd.

Standalone Consolidated
TTM EPS (₹) 0.4 -
TTM Sales (₹ Cr.) 22.8 -
BVPS (₹.) 6.1 -
Reserves (₹ Cr.) -2 -
P/BV 5.20 -
PE 78.57 -
From the Market
52 Week Low / High (₹) 11.50 / 33.80
All Time Low / High (₹) 2.56 / 33.80
Market Cap (₹ Cr.) 15.4
Equity (₹ Cr.) 4.9
Face Value (₹) 10
Industry PE 39.5

Management X-Ray of Polycon Internatl.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Polycon Internatl.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales38.3636.7539.5635.6137.5330.0227.6130.5526.2223.02
Operating Expenses 34.6633.5636.4733.3834.3827.9324.5527.2623.1719.89
Manufacturing Costs7.489.137.888.378.997.586.717.185.395.22
Material Costs23.0420.2824.5320.2120.8416.0113.4616.0114.2211.34
Employee Cost 2.582.532.593.183.253.353.243.052.342.20
Other Costs 1.551.621.471.621.300.991.151.011.231.14
Operating Profit 3.703.193.092.233.152.093.063.303.063.13
Operating Profit Margin (%) 9.6%8.7%7.8%6.3%8.4%7.0%11.1%10.8%11.7%13.6%
Other Income 0.230.080.050.200.050.080.040.080.030.03
Interest 2.371.911.811.4022.172.202.211.862.07
Depreciation 1.210.980.981.0111.051.201.261.081.04
Exceptional Items 0000.350-1.770000
Profit Before Tax 0.350.390.340.370.20-2.82-0.29-0.090.150.05
Tax 0.100.120.100.070.050.060.010.020.08-0.01
Profit After Tax 0.250.270.240.300.15-2.88-0.30-0.100.060.06
PAT Margin (%) 0.6%0.7%0.6%0.9%0.4%-9.6%-1.1%-0.3%0.2%0.3%
Adjusted EPS (₹)0.50.60.50.60.3-5.9-0.6-0.20.10.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 6.757.027.227.527.674.813.813.713.783.84
Share Capital 5.445.445.445.445.445.445.445.445.445.44
Reserves 1.311.581.782.092.24-0.62-1.62-1.72-1.66-1.60
Minority Interest0000000000
Debt15.4117.6019.0918.7319.6819.9722.2023.7928.2032.15
Long Term Debt6.929.1910.129.6510.2810.9413.5014.8618.0522
Short Term Debt8.488.418.979.089.409.038.698.9310.1510.14
Trade Payables0.771.161.011.381.162.482.063.522.372.96
Others Liabilities 7.224.264.374.956.294.054.905.973.093.10
Total Liabilities 30.1530.0531.6832.5834.8031.3232.973737.4342.05

Fixed Assets

Gross Block36.3937.1538.8940.3540.9140.7041.2242.6142.6343.60
Accumulated Depreciation25.5626.4827.4628.4629.4030.3631.5032.7533.8434.67
Net Fixed Assets10.8310.6711.4311.8911.5110.349.729.868.798.93
CWIP 0.410.680.210.212.360001.121.24
Investments 0.060.020.010.020.020.010.020.030.030.03
Inventories3.574.094.534.706.457.309.1713.1915.3019.05
Trade Receivables11.079.5710.7712.0210.9810.4510.7510.908.728.73
Cash Equivalents 0.180.551.020.140.350.360.140.170.270.21
Others Assets4.034.473.713.623.142.863.182.853.203.85
Total Assets 30.1530.0531.6832.5834.8031.3232.973737.4342.05

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 7.901.252.661.814.350.77-0.072.26-0.01-0.61
PBT 0.350.390.340.370.20-1.05-0.29-0.090.150.05
Adjustment 3.552.872.852.393.094.972.543.562.863.09
Changes in Working Capital 4.1-1.88-0.41-0.851.2-1.34-2.33-1.22-3.01-3.72
Tax Paid -0.10-0.14-0.11-0.11-0.13-0.04000-0.02
Cash Flow From Investing Activity -0.73-0.95-1.30-0.76-2.760.69-0.52-1.36-1.20-1.34
Capex -0.97-1.08-1.78-1.46-2.780.70-0.58-1.39-0.02-1.18
Net Investments 00.0500000000
Others 0.240.080.480.700.01-0.010.050.04-1.18-0.17
Cash Flow From Financing Activity -7.580.07-0.90-1.93-1.38-1.460.37-0.871.311.88
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2.232.0500002.561.363.193.96
Interest Paid -2.37-1.91-1.81-1.40-2-2.17-2.20-2.21-1.86-2.07
Dividend Paid 0000000000
Others -2.97-0.070.91-0.530.610.710.01-0.02-0.02-0.01
Net Cash Flow -0.410.370.46-0.880.210-0.220.030.10-0.07
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.084.293.644.472.1-50.53-7.86-3.142.011.91
ROCE (%)9.198.457.686.137.38-2.286.927.146.236.07
Asset Turnover Ratio1.381.451.281.111.110.910.860.870.70.58
PAT to CFO Conversion(x)31.64.6311.086.0329N/AN/AN/A-0.17-10.17
Working Capital Days
Receivable Days908694117112130140129137138
Inventory Days323240475484109134198272
Payable Days13171622224162647686

Polycon International Ltd Stock News

Polycon International Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Polycon Internatl. on 13-Nov-2024 16:59 is ₹31.50.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Nov-2024 16:59 the market cap of Polycon Internatl. stood at ₹15.40.
The latest P/E ratio of Polycon Internatl. as of 13-Nov-2024 16:59 is 78.57.
The latest P/B ratio of Polycon Internatl. as of 13-Nov-2024 16:59 is 5.20.
The 52-week high of Polycon Internatl. is ₹33.80 and the 52-week low is ₹11.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Polycon Internatl. is ₹22.79 ( Cr.) .

About Polycon International Ltd

Polycon International is a public company having listing on major stock exchanges of India. It is a flagship company of the dynamic business family of Baids who promoted this company in 1994 with a wide vision. The company has the mixture of experienced and young professionals to manage the affairs and is the leader in India in its field of operations. They have the international operations in Abu Dhabi in the name of Polycon Gulf Ltd. and in Nepal in the name of Polycon Nepal Ltd. Apart from this; the company is exporting its products throughout the world.

Polycon International is primarily engaged in processing various kinds of plastics like LLDPE, HDPE, PVC, PP, PET, ABS; manufacturing Rotational Moulding, Extrusions, Stretch Blow Moulding and Injection moulding products. It is a leader in the field and enjoys a brand reputation.

In rotational moulding, the name of Polycon is synonymous of water storage tanks in India. Apart from manufacturing storage tanks, the company makes a wide variety of other rotational moulded items viz. household articles, iceboxes, industrial containers and chemical storage tanks, pallets etc. In the field of extrusions, they  manufacture PVC profiles for doors and windows, Rigid PVC pipes and fittings thereof. In stretch blow moulding, the company has Eleven Nissei ASB 70 DPH Japanese machines and is among the leading manufacturers of PET Bottles and Jars in India. In injection moulding, the company is engaged in the manufacture of Closures for Bottles and Jars and Telephone Equipment plastics in ABS.

The company has multiple production facilities spread out throughout the country to serve the customers in all corners, it has plants at Chennai in the south, Bhiwadi (near Gurgaon) in the north and Jaipur in western India.

The company has an all India network of dealers and distributors and has more than 1000 dealers in different parts of the country. The institutional customers include major multinationals operating in India and the national players as well. The international ventures are also doing very well and are enjoying the reputation in the entire Middle East.

The company had a Group turnover of Rs 260 million last year and is expected to do better this year as new expansions are in the pipeline.

Product range of the company includes:

  • Water Storage Tanks
  • Jars 
  • Bottles & Caps 
  • Telephone Sets

Future plans :

For next year

  • Acquisition of two more machines to cater to the rising demand for Jars; pharmacutical & Liquor bottles. The deal is already under negotiation.
  • Acquire 2 Vertical Machining Centres and develop in-house CAD centres to manufacture the moulds and dies faster and accurately than earlier. One is already with us and is under installation.
  • Acquire 2 injection molding machine to calls to closers market.

For next 3 years ending March 2011

Increase the number of PET stretch blow-moulding machines to 15 based on the projected demand of liquor, cosmetic, confectionery and pharmaceutical industry. Expansion in injection moulding division to cater the need of HFCL, Shyam Telecom and Dabur India Limited and develop new business.

Areas of Focus:

  • Pharmaceutical bottles
  • Liquor Bottles
  • Cosmetic bottles
  • Beer bottles in PET with plasma coating
  • Jars of confectionary and herbal products
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