BSE: 526494 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Promact Impex Ltd is a average quality company.
The key valuation ratios of Promact Impex 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 Promact Impex 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 % ⓘ | 53.5% | 10.3% | 29.8% | 25.5% | 37.4% | 13.2% | 0.4% | -22.6% | 48.8% | 63.2% | - |
| Value Creation Index ⓘ | 2.8 | NA | 1.1 | 0.8 | 1.7 | -0.1 | NA | NA | 2.5 | 3.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0.8 | 0.9 | 12.7 | 7.6 | 31.5 | 16.5 | 0.3 | 0.1 | 1.6 | 1.8 | 2 |
| Sales YoY Gr. | - | 9.6% | 1,290.1% | -39.7% | 313% | -47.7% | -98.4% | -74.1% | 2,171.4% | 12% | - |
| Adj EPS ⓘ | 0 | -0.7 | 0.2 | 0.1 | 1.5 | 0.4 | -1 | -2 | 0.8 | 1.4 | 1.1 |
| YoY Gr. | - | -3800% | NA | -26.7% | 1254.6% | -75.2% | -370.3% | NA | NA | 72.5% | - |
| BVPS (₹) ⓘ | -4.1 | -4.8 | -4.1 | -3.8 | -2.3 | -1.9 | -3 | -5.2 | -4.4 | -3 | -3.2 |
| Adj Net Profit ⓘ | 0 | -0.5 | 0.1 | 0.1 | 1 | 0.2 | -0.7 | -1.3 | 0.5 | 0.9 | 1 |
| Cash Flow from Ops. ⓘ | 1.2 | -2.3 | 1.5 | 5 | -5.1 | 4.3 | 0.4 | -0.1 | 1.4 | 1.6 | - |
| Debt/CF from Ops. ⓘ | 8.3 | -4.6 | 6.1 | 0.9 | -2 | 1.4 | 14.4 | -54 | 3.7 | 2.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.9% | -43.7% | 87.5% | 12% | ||||
| Adj EPS ⓘ | 60.1% | -1.5% | NA | 72.5% | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | 20.7% | 25.2% | 79.1% | 105.3% | ||||
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 % ⓘ | -0.3 | 16.6 | -3.4 | -2.7 | -48.6 | -17.5 | 41.1 | 48 | -16.7 | -37.4 | -35.6 |
| Op. Profit Mgn % ⓘ | 68.8 | 58.8 | 5.6 | 7.7 | 6.1 | 5.1 | 27.4 | -648.4 | 80.3 | 85.3 | 83.9 |
| Net Profit Mgn % ⓘ | 1.4 | -52.5 | 0.8 | 0.9 | 3.1 | 1.5 | -239.9 | -1728.5 | 32.8 | 50.5 | 46.3 |
| Debt to Equity ⓘ | -3.8 | -3.4 | -3.5 | -1.8 | -6.6 | -4.9 | -3.3 | -1.8 | -1.8 | -2.1 | - |
| Working Cap Days ⓘ | 337 | 784 | 159 | 268 | 74 | 189 | 10,083 | 34,641 | 1,527 | 1,355 | 815 |
| Cash Conv. Cycle ⓘ | 95 | 75 | 19 | 42 | 38 | 120 | 6,688 | 23,728 | 1,049 | 937 | -707 |
Sales growth is growing at healthy rate in last 3 years 87.51%
Sales growth is good in last 4 quarters at 129.66%
Return on Equity is Poor
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.1 | - |
| TTM Sales (₹ Cr.) | 1.6 | - |
| BVPS (₹.) ⓘ | -3.2 | - |
| Reserves (₹ Cr.) ⓘ | -9 | - |
| P/BV ⓘ | -4.44 | - |
| PE ⓘ | 12.98 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 6.08 / 18.76 |
| All Time Low / High (₹) | 1.48 / 23.33 |
| Market Cap (₹ Cr.) | 9.4 |
| Equity (₹ Cr.) | 6.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 39.5 |
| 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 | 0.83 | 0.91 | 12.65 | 7.63 | 31.51 | 16.48 | 0.27 | 0.07 | 1.59 | 1.78 |
| Operating Expenses ⓘ | 0.26 | 0.38 | 11.94 | 7.05 | 29.58 | 15.63 | 0.20 | 0.55 | 0.31 | 0.26 |
| Manufacturing Costs | 0.04 | 0.01 | 0.09 | 0.03 | 0.02 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 |
| Material Costs | 0.12 | 0.26 | 11.66 | 6.85 | 29.33 | 15.37 | 0 | 0 | 0 | 0 |
| Employee Cost | 0.03 | 0.02 | 0.04 | 0.05 | 0.08 | 0.09 | 0.09 | 0.08 | 0.09 | 0.12 |
| Other Costs ⓘ | 0.07 | 0.08 | 0.15 | 0.12 | 0.15 | 0.15 | 0.10 | 0.46 | 0.22 | 0.13 |
| Operating Profit ⓘ | 0.57 | 0.54 | 0.71 | 0.59 | 1.93 | 0.85 | 0.07 | -0.48 | 1.28 | 1.52 |
| Operating Profit Margin (%) | 68.8% | 58.7% | 5.6% | 7.7% | 6.1% | 5.1% | 27.4% | -648.0% | 80.3% | 85.2% |
| Other Income ⓘ | 0.22 | 0.29 | 1.47 | 0.58 | 0.09 | 0.09 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest ⓘ | 1.53 | 1.24 | 1.54 | 0.85 | 0.95 | 0.63 | 0.67 | 0.65 | 0.62 | 0.53 |
| Depreciation ⓘ | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 |
| Exceptional Items ⓘ | 2.72 | 0 | 0 | 0 | 0 | 0 | 0 | -0.27 | 0 | 0 |
| Profit Before Tax ⓘ | 1.92 | -0.48 | 0.58 | 0.25 | 1 | 0.25 | -0.65 | -1.45 | 0.60 | 0.93 |
| Tax ⓘ | 0 | 0 | 0.11 | 0.08 | 0.03 | 0 | 0 | 0 | 0.08 | 0.03 |
| Profit After Tax | 1.92 | -0.48 | 0.47 | 0.18 | 0.98 | 0.24 | -0.65 | -1.46 | 0.52 | 0.90 |
| PAT Margin (%) | 230.3% | -52.4% | 3.7% | 2.3% | 3.1% | 1.5% | -239.0% | -1,984.5% | 32.7% | 50.6% |
| Adjusted EPS (₹) | 2.9 | -0.7 | 0.7 | 0.3 | 1.5 | 0.4 | -1.0 | -2.2 | 0.8 | 1.4 |
| 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 | -2.65 | -3.13 | -2.66 | -2.48 | -1.51 | -1.26 | -1.92 | -3.37 | -2.85 | -1.95 |
| Share Capital ⓘ | 6.51 | 6.51 | 6.51 | 6.51 | 6.51 | 6.51 | 6.51 | 6.51 | 6.51 | 6.51 |
| Reserves ⓘ | -9.16 | -9.64 | -9.17 | -9 | -8.02 | -7.78 | -8.43 | -9.89 | -9.37 | -8.47 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 9.95 | 10.72 | 9.27 | 4.52 | 9.93 | 6.16 | 6.41 | 5.97 | 5.26 | 4.16 |
| Long Term Debt | 2.51 | 1.54 | 3.45 | 4.52 | 3.43 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 7.43 | 9.19 | 5.83 | 0 | 6.50 | 6.16 | 6.41 | 5.97 | 5.26 | 4.16 |
| Trade Payables | 0 | 0 | 0 | 0.43 | 0 | 0.17 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | -1.23 | -1.10 | 3.86 | 3.80 | 2.87 | 4.74 | 4.71 | 4.80 | 4.92 | 4.96 |
| Total Liabilities ⓘ | 6.06 | 6.49 | 10.47 | 6.27 | 11.29 | 9.81 | 9.20 | 7.40 | 7.32 | 7.17 |
Fixed Assets | ||||||||||
| Gross Block | 8.38 | 8.38 | 5.59 | 5.19 | 4.73 | 4.73 | 4.74 | 2.24 | 2.24 | 2.18 |
| Accumulated Depreciation | 5.56 | 5.62 | 3.01 | 2.80 | 2.69 | 2.76 | 2.82 | 1.56 | 1.62 | 1.64 |
| Net Fixed Assetsⓘ | 2.82 | 2.76 | 2.59 | 2.39 | 2.03 | 1.97 | 1.92 | 0.69 | 0.62 | 0.54 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.28 | 0.28 | 0.28 | 0.28 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 0.01 | 0.36 | 0.98 | 1.26 | 5.76 | 5.27 | 4.98 | 4.57 | 4.57 | 4.56 |
| Cash Equivalents | 2.50 | 0 | 0.01 | 0.01 | 0.02 | 0.01 | 0.03 | 0.01 | 0.09 | 0.01 |
| Others Assetsⓘ | 0.45 | 3.10 | 6.62 | 2.33 | 3.47 | 2.55 | 2.26 | 2.13 | 2.03 | 2.05 |
| Total Assets ⓘ | 6.06 | 6.49 | 10.47 | 6.27 | 11.29 | 9.81 | 9.20 | 7.40 | 7.32 | 7.17 |
| 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 ⓘ | 1.20 | -2.32 | 1.53 | 4.96 | -5.08 | 4.28 | 0.44 | -0.11 | 1.44 | 1.55 |
| PBT ⓘ | 1.92 | -0.48 | 0.58 | 0.25 | 1 | 0.27 | -0.65 | -1.46 | 0.55 | 0.93 |
| Adjustment ⓘ | -1.34 | 1.01 | 0.13 | 0.33 | 0.92 | 0.58 | 0.72 | 0.71 | 0.68 | 0.59 |
| Changes in Working Capital ⓘ | 0.75 | -2.78 | 0.93 | 4.46 | -6.93 | 3.38 | 0.35 | 0.63 | 0.12 | -0.06 |
| Tax Paid ⓘ | -0.12 | -0.07 | -0.11 | -0.08 | -0.07 | 0.05 | 0.02 | 0.01 | 0.09 | 0.10 |
| Cash Flow From Investing Activity ⓘ | 2.98 | 0.29 | 1.57 | 0.72 | 0.72 | 0.11 | -0.01 | 1.18 | 0.01 | 0.02 |
| Capex | 0.28 | 0 | 0.63 | 0.14 | 0.29 | 0 | -0.02 | 1.17 | 0 | 0.02 |
| Net Investments | 0 | 0 | 0 | 0 | 0.27 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2.70 | 0.29 | 0.94 | 0.58 | 0.16 | 0.11 | 0.01 | 0.01 | 0.01 | 0 |
| Cash Flow From Financing Activityⓘ | -1.72 | -0.47 | -3.09 | -5.67 | 4.36 | -4.40 | -0.42 | -1.09 | -1.37 | -1.65 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.87 | -0.98 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -1.53 | -1.24 | -1.54 | -0.85 | -0.94 | -0.63 | -0.66 | -0.65 | -0.62 | -0.53 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.68 | 1.75 | -1.56 | -4.82 | 5.31 | -3.77 | 0.25 | -0.44 | -0.75 | -1.13 |
| Net Cash Flow ⓘ | 2.46 | -2.49 | 0 | 0 | 0.01 | -0.01 | 0.02 | -0.02 | 0.08 | -0.08 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.16 | 0.15 | 1.49 | 0.91 | 3.59 | 1.56 | 0.03 | 0.01 | 0.22 | 0.25 |
| PAT to CFO Conversion(x) | 0.63 | N/A | 3.26 | 27.56 | -5.18 | 17.83 | N/A | N/A | 2.77 | 1.72 | Working Capital Days |
| Receivable Days | 62 | 75 | 19 | 53 | 41 | 122 | 6,863 | 0 | 1,049 | 937 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 23 | 3 | 2 | 0 | 0 | 0 | 0 |
Promact Plastics was incorporated on March 26, 1985 as a private limited at Ahmadabad and subsequently converted into a public limited company vide a special resolution passed on February 15, 1993 and a certificate to that effect was obtained from the office of the Registrar of Companies, Gujarat on March 24, 1993.
The company is presently engaged in the manufacture of synthetic woven sacks of HDPE. Gujarat Industrial and Technical Consultancy Organization appraised the project. The company started commercial production in the year 1986-87 with an installed capacity utilization of 81%. In 1989-90 the plant was enhanced by way of installing Tidied Tape time, increasing the instated capacity to 532 TPA.
The company was able to achieve 100% capacity utilization on the enhanced capacity in the year 1990-91. In 1991-92 the company added one more tapeline to increase the instated capacity has been able to achieve more than 100% capacity utilization on the increased capacity.
The main object of Promact Plastic is to provide better packaging material for commodities like cement, chemicals, fertilizers, etc. for this purpose it has been in search for new technology.
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