Poddar Pigments Ltd - Stock Valuation and Financial Performance

BSE: 524570 | NSE: PODDARMENT | Dyes & Pigments | Small Cap

Poddar Pigments Share Price

345.30 7.90 2.34%
as on 19-Apr'24 16:01

DeciZen - make an informed investing decision on Poddar Pigments

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Poddar Pigments stock performance -

mw4me loader
P/E Ratio (SA):
13.30
Market Cap:
366.2 Cr.
52-wk low:
263.3
52-wk high:
408

Is Poddar Pigments Ltd an attractive stock to invest in?

1. Is Poddar Pigments Ltd a good quality company?

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

2. Is Poddar Pigments Ltd undervalued or overvalued?

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

3. Is Poddar Pigments Ltd a good buy now?

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

10 Year X-Ray of Poddar Pigments:

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.
Poddar Pigments Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17%17.4%16.1%13.8%8.4%7.2%9.5%10.2%6.9%8.4%-
Value Creation
Index
0.20.20.20.0-0.4-0.5-0.3-0.3-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 313318326329334357357261296341358
Sales YoY Gr.-1.6%2.4%0.8%1.7%6.9%-0.1%-26.9%13.4%15.3%-
Adj EPS 12.814.415.217.313.613.517.720.517.92425.9
YoY Gr.-11.9%5.8%14%-21.4%-0.7%31.3%15.4%-12.4%33.8%-
BVPS (₹) 77.189.2103.5151.2185.8206.1177.4229299.2276.8318
Adj Net
Profit
13.615.216.118.414.414.318.821.71925.528
Cash Flow from Ops. 1419.34.427.1722.330.624.3-3.215.6-
Debt/CF from Ops. 0.500.70000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.9%0.4%-1.5%15.3%
Adj EPS 7.2%12%10.6%33.8%
BVPS15.3%8.3%16%-7.5%
Share Price 21% 15.6% 17.8% 25.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.817.315.813.68.16.99.310.16.88.38.7
Op. Profit
Mgn %
7.27.27.48.37.46.67.811.59.111.210.5
Net Profit
Mgn %
4.44.84.95.64.345.38.36.47.57.7
Debt to
Equity
0.1000000000-
Working Cap
Days
90909212114614914116615714691
Cash Conv.
Cycle
7576737171716786898773

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.70%

Net Profit is growing at healthy rate in last 3 years 10.61%

Sales growth has been subdued in last 3 years -1.52%

Sales growth is not so good in last 4 quarters at 6.32%

Latest Financials - Poddar Pigments Ltd.

Standalone Consolidated
TTM EPS (₹) 25.9 -
TTM Sales (₹ Cr.) 358 -
BVPS (₹.) 318 -
Reserves (₹ Cr.) 327 -
P/BV 1.09 -
PE 13.30 -
From the Market
52 Week Low / High (₹) 263.30 / 407.95
All Time Low / High (₹) 1.25 / 434.00
Market Cap (₹ Cr.) 366
Equity (₹ Cr.) 10.6
Face Value (₹) 10
Industry PE 23.5

Management X-Ray of Poddar Pigments:

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 Poddar Pigments

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales313318326329334357357261296341
Operating Expenses 291295302301309334329231269303
Manufacturing Costs12121414151515111317
Material Costs252254254253257280269181207236
Employee Cost 13151819212427263331
Other Costs 14151716171518131619
Operating Profit 23232427252328302738
Operating Profit Margin (%) 7.2%7.2%7.4%8.3%7.4%6.5%7.8%11.5%9.1%11.1%
Other Income 2354744456
Interest 2111111010
Depreciation 3333333226
Exceptional Items -1000000000
Profit Before Tax 19222528282429312937
Tax 66789787710
Profit After Tax 13161820191721242127
PAT Margin (%) 4.3%5.1%5.6%6.2%5.7%4.6%6.0%9.1%7.2%8.0%
Adjusted EPS (₹)12.715.417.319.118.015.620.022.320.025.8
Dividend Payout Ratio (%)18%16%14%18%19%19%0%11%12%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8295110160197219188243317294
Share Capital 11111111111111111111
Reserves 718499150187208178232307283
Minority Interest0000000000
Debt6131000000
Long Term Debt0000000000
Short Term Debt6131000000
Trade Payables19151215131417121521
Others Liabilities 13131258677541445839
Total Liabilities 121123137235277308245299391354

Fixed Assets

Gross Block6869703032474848114123
Accumulated Depreciation39434536912141622
Net Fixed Assets282625272638363598101
CWIP 00000083670
Investments 0612568287509112270
Inventories38393732474951436262
Trade Receivables42345152484741415253
Cash Equivalents 58312911129235
Others Assets710856657448454631
Total Assets 121123137235277308245299391354

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 14194277223124-316
PBT 19222528282429312937
Adjustment 4331-120105
Changes in Working Capital -41-176-12491-25-18
Tax Paid -5-6-7-8-8-7-8-8-6-8
Cash Flow From Investing Activity 2-7-8-14-6-16-26-26-10
Capex 0-1-2-50-21-18-18-32-3
Net Investments 3-6-6-9-55-10-8323
Others 0000-102000
Cash Flow From Financing Activity -12-9-1-5-3-5-40-3-7
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-100000000
Dividend Paid -3-3-3-3-1-4-30-3-6
Others -8-62-2-1-1-1000
Net Cash Flow 43-58-220-3-78
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.6118.4917.941510.697.9510.4510.977.588.95
ROCE (%)23.9125.0824.9921.0516.2411.814.4714.5810.4212.23
Asset Turnover Ratio2.92.842.731.921.461.381.451.080.971.04
PAT to CFO Conversion(x)1.081.190.221.350.371.291.481-0.140.59
Working Capital Days
Receivable Days44404453494340505150
Inventory Days39413935394445585759
Payable Days961120201821292428

Poddar Pigments Ltd Stock News

Poddar Pigments Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Poddar Pigments on 19-Apr-2024 16:01 is ₹345.3.
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 19-Apr-2024 16:01 the market cap of Poddar Pigments stood at ₹366.1.
The latest P/E ratio of Poddar Pigments as of 19-Apr-2024 16:01 is 13.30.
The latest P/B ratio of Poddar Pigments as of 19-Apr-2024 16:01 is 1.09.
The 52-week high of Poddar Pigments is ₹407.9 and the 52-week low is ₹263.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Poddar Pigments is ₹357.7 ( Cr.) .

About Poddar Pigments Ltd

Poddar Pigments Limited (PPL) was incorporated on November 11, 1991 and obtained a certificate of commencement of business on December 30, 1991 from the Registrar of Companies(ROC) Rajasthan at Jaipur. The company has been promoted by G. S. Poddar and Rajasthan Petro Synthetics Limited.

The company is engaged in the manufacturing Color & Additive Masterbatches for dope dyeing of man- made fibres, various plastic applications and engg. plastics & compounds

The company’s strength comes from the adaptation of proven technology from Europe and state-of-art manufacturing facilities, with production equipment from world leaders like Coperion Werner & Pfleiderer, C.F.Scheer, Brabender, Pallman from Germany.

A highly developed advanced Research & Development facility, manned by professionals, has been set up to extract the best results from sophisticated equipment for quality control and product development. It also houses various facilities to conduct experiments on pilot scale.

Product range of the company includes:

Man made fibres:

  • Polyester
  • Polypropylene
  • Polyamide

Plastics & Packaging

  • Additive Masterbatches
  • Film & Packaging
  • Injection Moulding/Blow, Moulding/Roto Moulding
  • Pipe Extrusion
  • Cables
  • PET Preforms & Bottles
  • Polyester Films

Engineering Compounds

  • Carboplus Series
  • Butoplus Series
  • Nyloplus Series
  • Polyplus Series

Milestones:

  • 2007- Accredition as an ‘Star House’ for Export by Govt of India. Enhancement of Plant Capacity (8100 MT)
  • 2004- Accredition as an ‘EXPORT HOUSE’ by Govt. of India
  • 2003- Up-gradation from ISO 9002:1994 to ISO 9001:2000 Certification Masterbatches for Polyester Automotive & outdoor furniture applications.
  • 2002 - Enhancement of Plant Capacity (7000 MT/A).
  • 2000 - Acquisition of ISO 9002.
  • 1999 - Established production of Nylon Masterbatches for Fiber applications. Enhancement of Plant Capacity (3280 MT/A)
  • 1997 - Established production of Polyester masterbatches for Fibre and PET Bottle applications.
  • 1995-  Established production of PP Fiber Grade Masterbatches and PE Masterbatches. Plant Capacity 2400 MT/A. Commencement of production of Masterbatches for BOPP Applications.
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