Polymechplast Machines Ltd - Stock Valuation and Financial Performance

BSE: 526043 | NSE: | Engineering - Industrial Equipments | Small Cap

Polymechplast Mach Share Price

45.95 0.23 0.50%
as on 19-Mar'24 16:47

DeciZen - make an informed investing decision on Polymechplast Mach

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Polymechplast Machines stock performance -

mw4me loader
P/E Ratio (SA):
50.71
Market Cap:
25.6 Cr.
52-wk low:
45
52-wk high:
78.8

Is Polymechplast Machines Ltd an attractive stock to invest in?

1. Is Polymechplast Machines Ltd a good quality company?

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

2. Is Polymechplast Machines Ltd undervalued or overvalued?

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

3. Is Polymechplast Machines Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Polymechplast Machines 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 Polymechplast Mach:

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.
Polymechplast Machines 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 % 4.6%-1.4%8.4%9.6%9.4%13.6%10.2%14.3%14.8%6.2%-
Value Creation
Index
-0.7-1.1-0.4-0.3-0.30.0-0.30.00.1-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 24.124.134.633.747.254.543.960.983.469.261
Sales YoY Gr.-0%43.6%-2.5%40.1%15.4%-19.5%38.7%37%-17%-
Adj EPS 0.3-11.31.82.34.53.55.86.22.70.9
YoY Gr.--435.5%NA42.6%25%93.9%-21.5%64.9%6.6%-56.8%-
BVPS (₹) 141516.418.322.726.328.933.943.24544.6
Adj Net
Profit
0.2-0.60.81.11.22.11.72.83.51.51
Cash Flow from Ops. 0.502.2141.32.69.12.61.1-
Debt/CF from Ops. 8.3174.22.65.41.54.82.50.623.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.4%7.9%16.4%-17%
Adj EPS 27%3%-8.7%-56.8%
BVPS13.9%14.7%16%4.3%
Share Price 19.1% 6.9% 11.8% -25.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.5-7.9911.611.918.212.718.417.162
Op. Profit
Mgn %
4-0.64.85.95.86.66.46.46.64.12.3
Net Profit
Mgn %
0.7-2.52.23.12.63.93.84.54.12.20.8
Debt to
Equity
0.60.60.70.60.60.50.50.30.20.2-
Working Cap
Days
144160107110971021421048210459
Cash Conv.
Cycle
9192728061536741314411

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.38%

Return on Equity has declined versus last 3 years average to 2.00%

Net Profit has been subdued in last 3 years -8.74%

Sales growth is not so good in last 4 quarters at -18.81%

Latest Financials - Polymechplast Machines Ltd.

Standalone Consolidated
TTM EPS (₹) 0.9 0.8
TTM Sales (₹ Cr.) 60.7 60.7
BVPS (₹.) 44.6 44.4
Reserves (₹ Cr.) 19 19
P/BV 1.03 1.03
PE 50.71 60.55
From the Market
52 Week Low / High (₹) 45.00 / 78.80
All Time Low / High (₹) 0.30 / 107.00
Market Cap (₹ Cr.) 25.6
Equity (₹ Cr.) 5.6
Face Value (₹) 10
Industry PE 42.6

Management X-Ray of Polymechplast Mach:

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 Polymechplast Mach

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
Sales24.0924.0934.5833.7247.2454.5143.9160.8983.4469.22
Operating Expenses 23.1524.2332.9231.7244.5150.9041.0856.9877.9566.41
Manufacturing Costs1.781.662.372.173.063.843.234.626.345.02
Material Costs16.8217.5424.2923.3133.3038.3230.4244.2961.6951.41
Employee Cost 2.352.512.863.474.364.865.035.376.386.21
Other Costs 2.202.523.412.783.783.892.402.703.543.77
Operating Profit 0.94-0.141.661.992.733.602.833.915.492.82
Operating Profit Margin (%) 3.9%-0.6%4.8%5.9%5.8%6.6%6.4%6.4%6.6%4.1%
Other Income 0.050.100.160.200.240.300.290.530.490.63
Interest 0.540.610.560.500.400.450.450.330.430.46
Depreciation 0.220.290.290.310.370.380.310.460.800.92
Exceptional Items -0.041.6400000000
Profit Before Tax 0.190.700.981.382.213.082.363.654.742.06
Tax 0.050.140.220.290.970.890.640.871.270.51
Profit After Tax 0.140.570.751.091.242.191.722.783.471.55
PAT Margin (%) 0.6%2.3%2.2%3.2%2.6%4.0%3.9%4.6%4.2%2.2%
Adjusted EPS (₹)0.31.11.42.12.64.63.65.86.22.8
Dividend Payout Ratio (%)0%0%0%0%31%17%22%17%16%36%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 7.397.908.659.6310.8312.5713.8116.2124.1825.22
Share Capital 5.285.285.285.284.784.784.784.785.605.60
Reserves 2.122.623.384.366.057.799.0311.4218.5819.62
Minority Interest0000000000
Debt4.304.505.465.365.965.8664.844.904.21
Long Term Debt0.010.100.470.170.031.061.080.490.120
Short Term Debt4.284.404.995.195.934.804.924.354.774.21
Trade Payables4.212.561.481.312.215.374.456.466.386.58
Others Liabilities 3.864.444.073.516.094.926.199.429.687.26
Total Liabilities 19.7619.4019.6619.8125.0928.7230.4636.9245.1343.27

Fixed Assets

Gross Block9.949.9510.487.137.367.827.8715.3619.3719.90
Accumulated Depreciation3.023.263.550.310.681.061.371.742.543.46
Net Fixed Assets6.926.696.946.826.686.776.4913.6116.8316.44
CWIP 0000.031.192.815.060.2300
Investments 00000000.020.060.06
Inventories8.497.247.447.036.9710.9111.3111.1212.7213.45
Trade Receivables2.752.772.553.063.182.991.571.482.771.59
Cash Equivalents 1.340.802.170.773.672.271.525.758.117.37
Others Assets0.261.900.562.113.412.974.494.724.644.37
Total Assets 19.7619.4019.6619.8125.0928.7230.4636.9245.1343.27

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.520.032.221.023.991.302.569.102.601.13
PBT 0.190.700.981.382.213.082.363.654.742.06
Adjustment 0.740.830.710.670.640.700.630.660.960.90
Changes in Working Capital -0.38-1.340.96-0.671.82-1.360.285.73-2.25-1.34
Tax Paid -0.04-0.16-0.43-0.36-0.68-1.12-0.71-0.95-0.86-0.49
Cash Flow From Investing Activity -0.10-0.08-0.40-0.42-1.02-2.10-2.55-5.10-8.50-0.24
Capex -0.14-0.12-0.53-0.24-1.39-2.09-2.29-2.98-3.48-0.48
Net Investments 00000.26-0.27-0.42-2.31-5.42-0.23
Others 0.040.040.13-0.180.100.260.170.190.400.47
Cash Flow From Financing Activity -0.29-0.50-0.45-0.610.21-0.73-0.82-1.733.75-1.89
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000-0.131.31-0.02-0.45-0.37-0.30
Interest Paid -0.54-0.61-0.56-0.50-0.40-0.45-0.45-0.33-0.43-0.46
Dividend Paid 00000-0.46-0.46-0.38-0.48-0.56
Others 0.250.110.11-0.110.75-1.130.12-0.575.03-0.57
Net Cash Flow 0.13-0.551.37-0.013.17-1.52-0.812.27-2.16-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.967.49.1111.8912.0918.7513.0218.5417.196.27
ROCE (%)6.110.7311.3212.7616.2919.6814.3719.0420.378.61
Asset Turnover Ratio1.421.361.971.922.162.031.481.812.031.57
PAT to CFO Conversion(x)3.710.052.960.943.220.591.493.270.750.73
Working Capital Days
Receivable Days363825272421199911
Inventory Days1051087070536092675269
Payable Days67713022193659453846

Polymechplast Machines Ltd Stock News

Polymechplast Machines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Polymechplast Mach on 19-Mar-2024 16:47 is ₹45.95.
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-Mar-2024 16:47 the market cap of Polymechplast Mach stood at ₹25.61.
The latest P/E ratio of Polymechplast Mach as of 19-Mar-2024 16:47 is 50.71.
The latest P/B ratio of Polymechplast Mach as of 19-Mar-2024 16:47 is 1.03.
The 52-week high of Polymechplast Mach is ₹78.80 and the 52-week low is ₹45.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Polymechplast Mach is ₹60.74 ( Cr.) .

About Polymechplast Machines Ltd

Polymechplast Machines (PML) was promoted and established by expert Group of Technocrats along with K R Bhuva in the year 1978. The company, earlier known as ‘Plastico’, is  engaged in manufacturing of ‘Gold Coin’ brand plastic processing machinery. Today, PML is a 25-year-old company well known in India and overseas and enjoying good market share as a leading manufacturer and supplier of Injection Moulding and Blow Moulding Machines.

The company has the distinction of being the pioneer and the only successful manufacturer, till date of three colour marble effect Injection Moulding Machines in India. Versatile as these machines are, they have revolutionized the plastic industry to a large extent as they can produce varied patterns without any change in the moulds of single colour machines. These machines are also capable of moulding single colour products.

PML has never looked back after its inception and has repeatedly accepted new challenges placed and have reached new horizons. It brings high-class technology at the customers doorstep with low operating cost.The company has recently completed its Silver Jubilee.

The company has spread its wings beyond India and is focusing on the global market. It is slowly but strongly putting step ahead to be a global player. The company has now focused and concentrated to International market especially for African countries where enormous opportunities are lying to promote the products for which the company is constantly and continually upgrading its products and product range. The company does not supply just machine but believes in building long time business relationship by committed quality, proper pre and after sales services and adjusting to customer’s requirements.

The company strives to find better solutions to customer needs. Continuously working towards offering the best in terms of innovation, quality machines at affordable cost. The company extends its assistance to increase the productivity with perfection for growth orientation. It adheres to the business philosophy of Total Quality Products to give customer satisfaction for their constant growth.

Today, more than 2500 PML machines are operational in both national and international markets. Many of these machines are even working round the clock, 365 days a year. This is an indication of the company’s commitment to its corporate motto of providing total customer satisfaction.

Product range of the company includes:

  • Injection Moulding Machines
  • Blow Moulding Machines
  • Insert Moulding Machines
  • Strech Blow Moulding

Milestones:

  • 2005- Launched first smallest Capacity compressor Less Blow Moulding Machine.
  • 2004- Comapny has established presence more than 18 countries in globe. 
  • 2003- Lauched Three Colour Marble Effect Injection Moulding Machine.
  • 1987- Lauched Smallest Screw Type fully Automatic Injection Moulding Machines. 
  • 1986- Launched first Double Colour Marble Effect Injection Moulding Machine - Specially for household products.

Achievements/ recognition : 

  • It is an ISO 9001:2000 accredited organization.
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