BSE: 537573 | NSE: | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Polymac Thermoformers Ltd is a below average quality company.
The key valuation ratios of Polymac Thermoformers 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 Polymac Thermoformers 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 % ⓘ | 1.3% | 0.6% | 3.1% | -0.5% | 1.7% | -0.9% | 2.5% | 3.5% | 2.6% | 4% | - |
| Value Creation Index ⓘ | -0.9 | -1.0 | -0.8 | -1.0 | -0.9 | -1.1 | -0.8 | -0.8 | -0.8 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1.5 | 1.5 | 2.6 | 3.9 | 6.7 | 5.2 | 6.1 | 7.2 | 8.8 | 14.6 | 15 |
| Sales YoY Gr. | - | 0.7% | 77.7% | 48.7% | 72.1% | -22.1% | 17.2% | 16.9% | 22.6% | 65.3% | - |
| Adj EPS ⓘ | 0.1 | 0 | 0.5 | -0.2 | 0.2 | -0.5 | 0 | 1.1 | 0.9 | 0.6 | 0.6 |
| YoY Gr. | - | -78.6% | 1466.7% | -144.7% | NA | -317.4% | NA | 10400% | -10.5% | -31.9% | - |
| BVPS (₹) ⓘ | 21.8 | 21.8 | 22.3 | 22.1 | 22.3 | 21.8 | 22 | 23.1 | 21.5 | 22.1 | 22.1 |
| Adj Net Profit ⓘ | 0.1 | 0 | 0.2 | -0.1 | 0.1 | -0.2 | 0 | 0.5 | 0.5 | 0.3 | 0 |
| Cash Flow from Ops. ⓘ | 0.3 | -0.4 | 0.7 | -0.6 | -1.9 | 0.7 | -0.6 | -25.5 | 25.3 | -1.5 | - |
| Debt/CF from Ops. ⓘ | 2.4 | -3.3 | 2.1 | -0.9 | -0.7 | 2 | -2.6 | -1.1 | 0.3 | -1.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 29% | 16.7% | 33.3% | 65.3% | ||||
| Adj EPS ⓘ | 18.4% | 22.7% | 300% | -31.9% | ||||
| BVPSⓘ | 0.2% | -0.1% | 0.2% | 3% | ||||
| Share Price | -16.4% | 11.5% | -17.7% | -47.4% | ||||
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 % ⓘ | 0.7 | 0.1 | 2.2 | -0.9 | 1 | -2.3 | 0 | 4.7 | 4.2 | 3 | 2.9 |
| Op. Profit Mgn % ⓘ | -391.2 | -95.2 | -170.5 | -17.2 | -0.1 | -9.9 | -6.7 | -0.4 | -10 | 0.7 | -73 |
| Net Profit Mgn % ⓘ | 4.7 | 1 | 8.6 | -2.6 | 1.6 | -4.6 | 0.1 | 7 | 5.1 | 2.1 | 2.1 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 2.6 | 0.7 | 0.1 | - |
| Working Cap Days ⓘ | 2,687 | 2,852 | 1,670 | 1,020 | 566 | 761 | 631 | 1,186 | 931 | 307 | 0 |
| Cash Conv. Cycle ⓘ | 319 | 318 | 209 | 160 | 149 | 221 | 185 | 195 | 159 | 76 | 0 |
Sales growth is growing at healthy rate in last 3 years 33.32%
Debt to equity has declined versus last 3 years average to 0.14
Return on Equity has declined versus last 3 years average to 2.90%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.6 | -0.4 |
| TTM Sales (₹ Cr.) | 14.6 | 3.9 |
| BVPS (₹.) ⓘ | 22.1 | 0 |
| Reserves (₹ Cr.) ⓘ | 6 | 6 |
| P/BV ⓘ | 0.91 | 0.00 |
| PE ⓘ | 31.19 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 18.00 / 46.00 |
| All Time Low / High (₹) | 7.21 / 210.00 |
| Market Cap (₹ Cr.) | 9.6 |
| Equity (₹ Cr.) | 4.8 |
| 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 | 1.47 | 1.48 | 2.63 | 3.91 | 6.73 | 5.24 | 6.14 | 7.18 | 8.80 | 14.55 |
| Operating Expenses ⓘ | 7.22 | 2.89 | 7.12 | 4.58 | 6.74 | 5.77 | 6.55 | 7.21 | 9.68 | 14.44 |
| Manufacturing Costs | 0.96 | 0.87 | 4.07 | 0.30 | 1.10 | 0.76 | 1.28 | 1.40 | 2.25 | 3.43 |
| Material Costs | 1.58 | 1.50 | 2.46 | 3.11 | 4.74 | 3.96 | 4.34 | 4.82 | 6.27 | 7.24 |
| Employee Cost | 0.34 | 0.40 | 0.38 | 0.86 | 0.57 | 0.57 | 0.52 | 0.52 | 0.63 | 0.60 |
| Other Costs ⓘ | 4.33 | 0.11 | 0.22 | 0.31 | 0.34 | 0.47 | 0.40 | 0.47 | 0.54 | 3.17 |
| Operating Profit ⓘ | -5.75 | -1.41 | -4.49 | -0.67 | -0.01 | -0.53 | -0.41 | -0.03 | -0.88 | 0.11 |
| Operating Profit Margin (%) | -391.0% | -95.2% | -170.0% | -17.2% | -0.1% | -10.1% | -6.7% | -0.4% | -10.0% | 0.7% |
| Other Income ⓘ | 6.04 | 1.62 | 4.96 | 0.71 | 0.29 | 0.55 | 0.79 | 1.06 | 1.81 | 0.67 |
| Interest ⓘ | 0.05 | 0.05 | 0.06 | 0.04 | 0.06 | 0.12 | 0.10 | 0.25 | 0.14 | 0.16 |
| Depreciation ⓘ | 0.15 | 0.14 | 0.10 | 0.09 | 0.09 | 0.12 | 0.10 | 0.13 | 0.17 | 0.19 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.09 | 0.02 | 0.31 | -0.10 | 0.13 | -0.22 | 0.20 | 0.65 | 0.61 | 0.42 |
| Tax ⓘ | 0.02 | 0 | 0.08 | 0 | 0.02 | 0.03 | 0.09 | 0.15 | 0.16 | 0.11 |
| Profit After Tax | 0.07 | 0.02 | 0.23 | -0.10 | 0.11 | -0.24 | 0.11 | 0.50 | 0.45 | 0.31 |
| PAT Margin (%) | 4.7% | 1.0% | 8.6% | -2.4% | 1.6% | -4.7% | 1.8% | 7.0% | 5.1% | 2.1% |
| Adjusted EPS (₹) | 0.1 | 0.0 | 0.5 | -0.2 | 0.2 | -0.5 | 0.2 | 1.1 | 0.9 | 0.6 |
| 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 | 10.44 | 10.41 | 10.64 | 10.54 | 10.65 | 10.41 | 10.52 | 11.02 | 10.27 | 10.58 |
| Share Capital ⓘ | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 |
| Reserves ⓘ | 5.66 | 5.63 | 5.86 | 5.76 | 5.87 | 5.63 | 5.74 | 6.24 | 5.48 | 5.79 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0.78 | 1.28 | 1.41 | 0.52 | 1.29 | 1.28 | 1.56 | 28.29 | 6.53 | 1.53 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0.33 | 0.10 | 0.04 | 1.53 |
| Short Term Debt | 0.78 | 1.28 | 1.41 | 0.52 | 1.29 | 1.28 | 1.22 | 28.20 | 6.49 | 0 |
| Trade Payables | 0.21 | 0.45 | 0.56 | 0.59 | 0.26 | 0.43 | 0.29 | 0.64 | 0.28 | 3.02 |
| Others Liabilities ⓘ | 1.57 | 1.42 | 2.26 | 0.22 | 0.28 | 0.22 | 0.36 | 0.86 | 1.19 | 3.78 |
| Total Liabilities ⓘ | 13 | 13.56 | 14.87 | 11.87 | 12.49 | 12.33 | 12.72 | 40.81 | 18.27 | 18.91 |
Fixed Assets | ||||||||||
| Gross Block | 2.65 | 2.72 | 2.88 | 2.65 | 1.06 | 3.13 | 3.22 | 4.15 | 4.37 | 4.75 |
| Accumulated Depreciation | 1.56 | 1.74 | 1.85 | 1.71 | 0 | 1.92 | 2.02 | 2.15 | 2.33 | 2.52 |
| Net Fixed Assetsⓘ | 1.10 | 0.99 | 1.03 | 0.94 | 1.06 | 1.20 | 1.20 | 2 | 2.04 | 2.23 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.63 | 0.54 | 1.62 | 1 | 0.05 | 0.22 | 0.88 | 1.03 | 0.69 | 0.77 |
| Inventories | 1.40 | 1.73 | 1.44 | 1.71 | 2.55 | 2.43 | 3.04 | 3.21 | 3.15 | 4.31 |
| Trade Receivables | 0.07 | -0.37 | 0.60 | 0.57 | 1.49 | 0.52 | 0.89 | 1.47 | 0.79 | 1.53 |
| Cash Equivalents | 0.16 | 0.01 | 0.15 | 0.15 | 0.28 | 0.14 | 0.18 | 1.57 | 6.85 | 0.10 |
| Others Assetsⓘ | 9.65 | 10.66 | 10.02 | 7.50 | 7.06 | 7.82 | 6.53 | 31.52 | 4.74 | 9.97 |
| Total Assets ⓘ | 13 | 13.56 | 14.87 | 11.87 | 12.49 | 12.33 | 12.72 | 40.81 | 18.27 | 18.91 |
| 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 ⓘ | 0.33 | -0.38 | 0.68 | -0.60 | -1.94 | 0.65 | -0.60 | -25.49 | 25.34 | -1.45 |
| PBT ⓘ | 0.09 | 0.02 | 0.31 | -0.10 | 0.13 | -0.22 | 0.18 | 0.65 | 0.60 | 0.42 |
| Adjustment ⓘ | -0.67 | -0.49 | 0.12 | -0.09 | -0.11 | -0.29 | -0.38 | -0.68 | -1.49 | -0.30 |
| Changes in Working Capital ⓘ | 0.91 | 0.02 | 0.24 | -0.42 | -1.89 | 1.19 | -0.32 | -25.43 | 26.22 | -1.43 |
| Tax Paid ⓘ | -0.01 | 0.07 | 0.02 | 0 | -0.08 | -0.03 | -0.09 | -0.03 | 0 | -0.13 |
| Cash Flow From Investing Activity ⓘ | 2.25 | -0.33 | -0.57 | -5.89 | 1.43 | -0.68 | 0.46 | -0.03 | 1.92 | 0.18 |
| Capex | -0.22 | -0.07 | 0 | 0.05 | -0.22 | -0.27 | -0.10 | -0.93 | -0.21 | -0.39 |
| Net Investments | 1.96 | 0.08 | -1.08 | -5.81 | 0.95 | -0.17 | -0.02 | -0.15 | 0.34 | -0.08 |
| Others ⓘ | 0.52 | -0.34 | 0.51 | -0.13 | 0.70 | -0.25 | 0.57 | 1.05 | 1.79 | 0.65 |
| Cash Flow From Financing Activityⓘ | -2.44 | 0.56 | -0.07 | 6.49 | 0.64 | -0.11 | 0.19 | 26.91 | -21.97 | -5.49 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2.79 | 0.12 | -0.06 | 6.49 | -0.07 | 0 | 0 | -0.24 | -0.06 | 1.49 |
| Interest Paid ⓘ | -0.04 | -0.05 | -0.05 | 0 | -0.06 | -0.10 | -0.09 | -0.24 | -0.13 | -0.16 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.39 | 0.50 | 0.03 | 0 | 0.77 | -0.01 | 0.28 | 27.39 | -21.79 | -6.83 |
| Net Cash Flow ⓘ | 0.14 | -0.15 | 0.04 | 0 | 0.13 | -0.14 | 0.05 | 1.39 | 5.29 | -6.76 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.66 | 0.14 | 2.16 | -0.9 | 1.02 | -2.32 | 1.05 | 4.65 | 4.21 | 2.96 |
| ROCE (%) | 1.3 | 0.63 | 3.11 | -0.45 | 1.65 | -0.86 | 2.52 | 3.48 | 2.63 | 3.97 |
| Asset Turnover Ratio | 0.11 | 0.11 | 0.19 | 0.29 | 0.55 | 0.42 | 0.49 | 0.27 | 0.3 | 0.78 |
| PAT to CFO Conversion(x) | 4.71 | -19 | 2.96 | N/A | -17.64 | N/A | -5.45 | -50.98 | 56.31 | -4.68 | Working Capital Days |
| Receivable Days | 18 | -37 | 16 | 55 | 56 | 70 | 42 | 60 | 47 | 29 |
| Inventory Days | 314 | 386 | 220 | 147 | 115 | 173 | 163 | 159 | 132 | 94 |
| Payable Days | 21 | 81 | 75 | 67 | 33 | 32 | 30 | 35 | 27 | 83 |
Polymac Thermoformers was originally incorporated in Kolkata as ‘Polymac Thermoformers Private Limited’ on December 17, 1999 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, West Bengal. The company was converted in to a public limited company and consequently the name was changed to “Polymac Thermoformers Limited' vide fresh certificate of incorporation dated August 26, 2013 issued by the Registrar of Companies, West Bengal.
Business area of the company
The company is engaged in the business of manufacturing disposable plastic products such as plastic glasses, cups, bowls. The company has evolved in 1999 and in 2001 and has set up its manufacturing facility which is situated at Dankuni, Dankuni Coal Complex, Hoogly.
In modern era of fast food industry, there is a thirst of disposable utensil such as glass, cups, bowls etc which are rapidly replacing conventional utensils. These disposable plastic utensils are fast replacing conventional glasses, cups etc. These disposable plastic utensils are manufactured by thermoforming technique and are increasingly used in Ice cream industry, hotels, restaurants, canteens, etc. against conventional glass-wares or ceramic cups. The company manufactured disposable cups, glasses are mainly used for food items and are made out of polypropylene or polystyrene sheets.
Major Events and Milestones
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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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