Is Polyplex Corporation a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Polyplex Corporation Ltd is a average quality company .

Is Polyplex Corporation undervalued or overvalued?

The key valuation ratios of Polyplex Corporation Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Polyplex Corporation share price return in the past 10 years?

Polyplex Corporation Ltd share price has appreciated 20.4% annually (CAGR) over the past ten years.

Is Polyplex Corporation a good buy now?

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

Polyplex Corporation Ltd - Stock Valuation and Financial Performance

Name: Polyplex Corporation
Brand: Polyplex Corporation

BSE: 524051 | NSE: POLYPLEX | Plastic Products | Small Cap

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Polyplex Corporation Share Price

₹1,377.50 1.70 0.12%
as on 18-Dec'24 16:59

10 Year X-Ray of Polyplex Corporation:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	5%	4.9%	11.9%	14.3%	39.9%	40.6%	66.9%	72.4%	41.8%	-1.4%	-
Value Creation Index ⓘ	-0.6	-0.7	-0.2	0.0	1.9	1.9	3.8	4.4	2.0	-1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,052	968	944	1,089	1,348	1,273	1,299	1,785	1,648	1,414	1,457
Sales YoY Gr.	-	-8%	-2.6%	15.4%	23.8%	-5.6%	2.1%	37.4%	-7.7%	-14.2%	-
Adj EPS ⓘ	6	8.2	9.9	17.6	70.4	70.8	143.6	154.8	91.4	-4.5	0.3
YoY Gr.	-	37.9%	20.4%	77.3%	300.6%	0.5%	102.9%	7.8%	-41%	-104.9%	-
BVPS (₹) ⓘ	129.1	134.6	137.7	147.2	173.5	192.5	177.2	233	221	212.9	218.5
Adj Net Profit ⓘ	19.1	26.3	31.7	56.2	225	226	451	486	287	-14.1	1
Cash Flow from Ops. ⓘ	138	144	16.3	12.1	32.5	155	157	142	158	-43.6	-
Debt/CF from Ops. ⓘ	2.3	1.3	12.6	18	6.7	1.1	1	0.6	0.2	-2.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	3.3%	1%	2.9%	-14.2%
Adj EPS ⓘ	-196.9%	-157.7%	-131.5%	-104.9%
BVPSⓘ	5.7%	4.2%	6.3%	-3.7%
Share Price	20.4%	23.5%	-10.4%	34.2%

Key Financial Parameters ⓘ

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 % ⓘ	4.7	6.2	7.3	12.3	43.8	38.6	76.8	75.4	40.2	-2.1	0.1
Op. Profit Mgn % ⓘ	9.4	9.2	8.2	7.6	10.8	12.6	17	15.2	6.9	-0.1	1.2
Net Profit Mgn % ⓘ	1.8	2.7	3.4	5.2	16.7	17.8	34.7	27.2	17.4	-1	0.1
Debt to Equity ⓘ	0.8	0.4	0.5	0.5	0.4	0.3	0.3	0.1	0	0.2	0.1
Working Cap Days ⓘ	99	93	95	109	121	146	125	111	126	116	62
Cash Conv. Cycle ⓘ	68	59	61	68	73	82	71	61	72	84	40

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 0.10%

Sales growth has been subdued in last 3 years 2.87%

Net Profit has been subdued in last 3 years -131.53%

Sales growth is not so good in last 4 quarters at 1.79%

Latest Financials - Polyplex Corporation Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.3	49.2
TTM Sales (₹ Cr.)	1,457	6,599
BVPS (₹.) ⓘ	218.5	1,194.2
Reserves (₹ Cr.) ⓘ	658	3,718
P/BV ⓘ	6.30	1.15
PE ⓘ	0.00	28.02

From the Market
52 Week Low / High (₹)	752.55 / 1480.00
All Time Low / High (₹)	3.00 / 2870.00
Market Cap (₹ Cr.)	4,324
Equity (₹ Cr.)	31.4
Face Value (₹)	10
Industry PE ⓘ	43

Management X-Ray of Polyplex Corporation:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

99.97

99.94

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

Valuation of Polyplex Corporation

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Polyplex Corporation

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,052	968	944	1,089	1,348	1,273	1,299	1,785	1,648	1,414
Operating Expenses ⓘ	954	879	867	1,010	1,203	1,123	1,078	1,514	1,535	1,415
Manufacturing Costs	102	103	104	121	141	140	134	175	191	189
Material Costs	730	639	634	734	898	797	755	1,063	1,112	1,003
Employee Cost	48	69	62	70	82	84	91	110	97	123
Other Costs ⓘ	74	68	66	84	81	102	98	166	135	101
Operating Profit ⓘ	98	89	77	79	145	150	221	271	113	-2
Operating Profit Margin (%)	9.4%	9.2%	8.2%	7.2%	10.8%	11.8%	17.0%	15.2%	6.9%	-0.1%
Other Income ⓘ	17	18	50	64	192	220	339	337	257	37
Interest ⓘ	16	8	19	16	5	3	3	2	1	3
Depreciation ⓘ	77	65	53	48	45	55	57	51	48	46
Exceptional Items ⓘ	0	-10	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	23	25	55	79	287	313	499	555	321	-14
Tax ⓘ	3	-2	10	20	59	83	45	63	27	-5
Profit After Tax	20	27	46	59	228	230	453	491	295	-9
PAT Margin (%)	1.9%	2.8%	4.8%	5.4%	16.9%	18.1%	34.9%	27.5%	17.9%	-0.6%
Adjusted EPS (₹)	6.2	8.4	14.3	18.4	71.3	71.9	144.4	156.6	93.9	-2.9
Dividend Payout Ratio (%)	40%	36%	49%	217%	72%	24%	114%	66%	94%	-104%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	413	431	441	471	556	616	557	732	694	669
Share Capital ⓘ	33	33	33	33	33	33	32	32	32	32
Reserves ⓘ	381	398	408	439	523	584	525	700	662	637
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	248	126	152	180	188	131	125	55	12	111
Long Term Debt	179	92	34	46	117	83	47	14	0	0
Short Term Debt	69	34	118	134	71	47	78	41	12	111
Trade Payables	10	13	10	16	21	16	27	28	25	18
Others Liabilities ⓘ	119	107	85	99	147	247	117	330	82	65
Total Liabilities ⓘ	791	677	688	766	911	1,009	826	1,145	814	863
Fixed Assets
Gross Block	967	985	945	957	1,012	1,096	1,112	1,138	1,154	1,191
Accumulated Depreciation	505	569	595	641	685	739	787	826	864	909
Net Fixed Assetsⓘ	462	416	350	316	327	357	324	312	290	282
CWIP ⓘ	1	2	0	2	4	5	5	7	10	2
Investmentsⓘ	35	20	47	47	55	119	49	82	47	49
Inventories	95	90	120	137	164	143	151	196	207	199
Trade Receivables	104	64	82	115	172	141	141	193	123	193
Cash Equivalents	10	5	3	4	5	7	41	23	30	24
Others Assetsⓘ	86	80	86	145	184	235	113	333	107	114
Total Assets ⓘ	791	677	688	766	911	1,009	826	1,145	814	863

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	138	144	16	12	33	155	157	142	158	-44
PBT ⓘ	23	25	55	79	287	313	499	555	321	-14
Adjustment ⓘ	81	57	36	19	-128	-133	-267	-270	-189	22
Changes in Working Capital ⓘ	38	60	-62	-71	-65	33	-32	-75	54	-47
Tax Paid ⓘ	-4	-8	-13	-15	-62	-58	-43	-67	-29	-5
Cash Flow From Investing Activity ⓘ	-43	9	-25	22	111	68	351	271	225	-8
Capex	-43	-27	-19	-27	-53	-69	-31	-33	-38	-33
Net Investments	-10	16	-27	0	-8	-62	72	-33	39	-1
Others ⓘ	10	21	21	49	172	199	310	336	224	26
Cash Flow From Financing Activityⓘ	-91	-157	6	-33	-144	-221	-498	-410	-386	56
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-63	-105	-42	1	63	-27	-36	-36	-33	-14
Interest Paid ⓘ	-17	-9	-19	-17	-5	-3	-3	-2	-1	-3
Dividend Paid ⓘ	-6	-8	-19	-29	-143	-166	-457	-335	-323	-25
Others ⓘ	-5	-36	87	12	-59	-25	-2	-37	-28	99
Net Cash Flow ⓘ	5	-5	-3	1	0	2	10	2	-2	4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	4.91	6.39	10.5	12.93	44.47	39.26	77.37	76.34	41.34	-1.33
ROCE (%)	5.04	4.93	11.85	14.26	39.92	40.58	66.85	72.4	41.83	-1.36
Asset Turnover Ratio	1.33	1.39	1.46	1.56	1.63	1.35	1.46	1.86	1.71	1.75
PAT to CFO Conversion(x)	6.9	5.33	0.35	0.2	0.14	0.67	0.35	0.29	0.54	N/A
Working Capital Days
Receivable Days	35	30	27	32	38	44	38	33	35	39
Inventory Days	36	33	39	41	40	43	40	34	44	50
Payable Days	4	7	6	6	8	8	10	10	9	8

Polyplex Corporation Ltd Stock News

Polyplex Corporation Ltd FAQs

What is the share price of Polyplex Corporation?

Company share prices are keep on changing according to the market conditions. The closing price of Polyplex Corporation on 18-Dec-2024 16:59 is ₹1,377.5.

What is the market cap of Polyplex Corporation?

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 18-Dec-2024 16:59 the market cap of Polyplex Corporation stood at ₹4,324.3.

What is the P/E ratio of Polyplex Corporation?

The latest P/E ratio of Polyplex Corporation as of 18-Dec-2024 16:59 is 0.00.

What is the P/B ratio of Polyplex Corporation?

The latest P/B ratio of Polyplex Corporation as of 18-Dec-2024 16:59 is 6.30.

What is the 52-week high and low of Polyplex Corporation?

The 52-week high of Polyplex Corporation is ₹1,480 and the 52-week low is ₹752.5.

What is the TTM revenue of Polyplex Corporation?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Polyplex Corporation is ₹1,457 ( Cr.) .

About Polyplex Corporation Ltd

Polyplex Corporation was incorporated in 1984 and commenced commercial operations with its first film line of 4000 TPA in May 1988, which was subsequently increased to 6000 TPA. With its operations stabilizing, by the mid 90s, Polyplex was able to emerge as one of the most profitable producers of Polyester Film in India.

Polyplex is one of Indiaâ€™s leading manufacturers and exporters of Biaxially Oriented Polyester (BOPET) Film for packaging, electrical and other industrial applications.

With its headquarters in NOIDA, New Delhi the Company has three PET Film manufacturing facilities â€“ one located in Khatima in the state of UttaranchAal, India, another at Rayong province in Thailand (owned and operated by Polyplex (Thailand) Public Company Ltd. (PTL), its subsidiary) and the latest facility at Ã‡orlu, Tekirdag in Turkey (owned and operated by Polyplex Europa Polyester Film San. ve Tic. A.S. (PE), which is a wholly-owned subsidiary of PTL).

Polyplex has established itself as one of the most profitable producers of PET Film by way of cost efficient operations resulting from high productivity and low overheads. Its products have gained wide acceptance in the Global markets, such as USA, Europe, South-East Asia, South America, North America and Australia, where the Company has been consistently exporting about 75% of its production.

The company has a dynamic workforce of about 400 employees in India, more than 250 employees in Thailand and more than 150 employees in Turkey. With its expansion in Turkey, Polyplex has a capacity of 83,000 TPA. The capacity enhancement in Turkey has made Polyplex the 5th largest Thin Film Producer in the world.

Following from the companyâ€™s objective of being a PET Film manufacturer of global significance, Polyplex expanded its film capacity further by investing in a new film line of 15000 MT in Thailand. The new line was commissioned on April 2, 2003 within the budgeted costs and ahead of time. Following this, PTL has set up its next PET film line with a capacity of 15000 MT in a record time of nine months. The line commenced commercial production in November 2003.

The company also commissioned a Metallizer in India in December 2002. This has enabled the company to broaden its product portfolio and improve value additions.These investments have strengthened the companyâ€™s competitive position in the PET Film business ensuring continued cost leadership. This together with the current demand-supply situation, would enable Polyplex to provide an attractive value proposition to its customers and investors.

Production in both the India and the Thailand units has been more than rated capacity. Consequently in 2003-04 capacities were restated at 20,000 MT for India and 39,000 MT for Thailand.

During 2004-05, the company took steps to implement a Polyester film plant in Turkey and has formed a company in Turkey, Polyplex Europa Polyester Film San. Ve Tic. A.S., for this purpose. This unit successfully started commercial production in December 2005.

During 2005-06, the company planned to set up a Silicone Coater Plant with an investment of around Rs. 22 Crore. Currently Trial runs are being undertaken. Polyplex Corporation is a Public Company listed on National Stock Exchange and Mumbai Stock Exchange.

Products manufactured by the company:

The company is engaged in the production of Biaxially Oriented Polyester (BOPET) Film, that is used successfully in a wide range of applications, due to its excellent combination of optical, physical, mechanical, thermal, and chemical properties, as well as its unique versatility.

Plain Film (Untreated)
Plain Film (Treated)
Plain Film (Untreated and Hazy)
Metallised

Subsidiaries:

Polyplex in Thailand (PTL) Polyplex (Thailand) Public Company Ltd., is a subsidiary of Polyplex Corporation Ltd. The company commenced commercial production on April 2, 2003 from its first Polyester Film line located in Rayong province. With the start of production at its second PET film line on November 13, 2003, the compnay has a total capacity of 39000 MT. In September 2004, it also successfully started operations of our batch polycondensation PET chips plant. After the startup of the continuous process PET chips plant, the company has become self-sufficient in its raw material requirement and improved its value addition. The total investment in these projects is about USD 60 million.
Polyplex in Turkey (PE) A wholly-owned subsidiary of PTL, Polyplex Europa Polyester Film Sanayi ve Ticaret A.S. has been formed in 2004-05 for setting up a Thin Film line with a capacity of 24000 MT in the Free Zone in Ã‡orlu, Tekridaag in Turkey. The Film line successfully started commercial production in December 2005. Metallizer has also successfully started production in March, 2006. PE is now in the process of implementing a Chips plant at the existing location. The total investment in these projects is about $ 55 million.
Polyplex in USA Polyplex (Americas) Inc. is a subsidiary of PTL. This company is a distributor of Polyplex Corporation Limited for North American Region.

Achievements/ recognition :ISO 9002 and 14001 accreditation.

Milestones:

1984 Polyplex Corporation Limited is incorporated.
1987 Became a listed company in India.
1988 Commences commercial operations with its first Film line of 4000 TPA.
1996 Polyplex undertakes expansion in Film capacity by adding a new Film line of 9000 TPA.
1997 Commences integrated backward manufacturing of Polyester Chips meant for captive consumption.
2002 Polyplex commissions a Metalliser in India with a capacity of 4800 TPA.
2003 Polyplex (Thailand) Public Company Limited (PTL) commences operations in Thailand with a 39,000 MT PET film plant.
2004 PTLâ€™s Batch Polycondensation PET chips plant commences in September.
2004 PTL successfully floated an IPO and is listed on Stock Exchange of Thailand.
2005 PTLâ€™s Continuous Process PET chips plant commences in February.
2005 PTL commissions a Metallizer in Thailand with a capacity of 4800 TPA in June.
2005 PE commences operations in Turkey with a 24,000 MT PET film plant in December.
2006 PE commissions a Metallizer in Turkey with a capacity of 5000 TPA in March.
2006 PTL invested USD 1 Mn in Polyplex America to Acquire 90% stake in the company.