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Polychem Ltd. Stock Analysis

Small Cap
Evaluated by 122 users | BSE: 506605 | NSE: POLYCHEM |
Chemicals
Polychem established in 1956, is pioneer in production of styrene, polystyrene, vinyl acetate and polyvinyl alcohol in India. Polychem established its first thermoplastics plant in the country in 1957. The operational facility of the company is located at D/26, MIDC Phase –II, Sagaon,...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -2.84%-1.61%-6.65%8.19%5.99%1.75%3.59%-1.44%2.21%11.01%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 5.37.79.516.917.812.614.416.318.923
Y-o-Y Gr. Rt.-46.9%22.4%78.3%5.4%-29%13.9%13.1%16.2%21.7%
Adjusted EPS (Rs.) -10.37-5.94-23.6429.0623.367.0215.13-6.299.6151.36
Y-o-Y Gr. Rt.-NANANA-19.6%-70%115.5%-141.6%NA434.4%
Book Value per Share (Rs.) 362.81356.32344.47380.01400.35407.77434.13427.16443.81499.26
Adjusted Net Profit -0.4-0.2-11.20.90.30.6-0.30.42.1
Net Op. Cash Flow (Rs. Cr.) -1.64.7-4.2-4.31.90.4-0.1-0.9-12.8
Debt to Cash Flow from Ops 0000000000
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Polychem Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 17.8%5.3%16.9%21.7%
Adjusted EPS NA17.1%50.3%434.4%
Book Value per Share 3.64.54.812.5
Share Price 11.8% 3.7% 6.4% 61.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -2.85-1.65-6.758.025.991.743.59-1.462.2110.89
Operating Profit Margin (%) -20.29-11.36-14.123.755.96-1.5-4.48-4.60.0112.58
Net Profit Margin (%) -7.95-3.1-10.086.965.32.244.25-1.562.059.02
Debt to Equity 0000000000
Working Capital Days 596329231218237290259251193129
Cash Conversion Cycle 17713011269699782838782
Entity Percentage Holding
Promoters 52.09%
Institutions 4.30%
Non-Institutions 43.61%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Polychem's performance infers:

Polychem earnings have grown by 17.1%, whereas share price has appreciated 3.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Polychem share prices over the last 10 years. Here is what we found out:

Polychem share price has appreciated 6.4% annually over the past ten years.

Polychem established in 1956, is pioneer in production of styrene, polystyrene, vinyl acetate and polyvinyl alcohol in India. Polychem established its first thermoplastics plant in the country in 1957.

The operational facility of the company is located at D/26, MIDC Phase –II, Sagaon, Dombivli -421201.

The company’s polymer division specialises in manufacturing of polymers and co-polymers from styrene, divinyl benzene, acrylic acid and acrylates through either suspension

Polychem established in 1956, is pioneer in production of styrene, polystyrene, vinyl acetate and polyvinyl alcohol in India. Polychem established its first thermoplastics plant in the country in 1957.

The operational facility of the company is located at D/26, MIDC Phase –II, Sagaon, Dombivli -421201.

The company’s polymer division specialises in manufacturing of polymers and co-polymers from styrene, divinyl benzene, acrylic acid and acrylates through either suspension polymerization route or emulsion polymerization route.

It operates a multipurpose plant for the manufacturing its products.

The company has capacity to manufacture tailor made resins to suit customer requirements in quantities as small as 50 kg and as large as a container loads. It also has a capacity to develop polymers & co-polymers to suit the requirement of the customers.

Product range

  • Cross Linked Polystyrene (XLPS)
  • Low Molecular weight Polystyrene (LMPS)
  • Styrene Ethyl Acrylate Co-Polymer (Acrylate-C)
  • Polyvinyl Butyral
  • Styrene Malaic Anhydride Co-polymer (SMA Co-polymer)
  • Styrene Butyl Acrylate Co-polymer (SBA PC - 50)
  • Styrene Butyl Acrylate Co-polymer (SBA PC - 30)
  • Poly Alpha Methyl Styrene (PAMS PC - 290)

The company has customer base in countries such as UK, USA and Japan.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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