Polychem Ltd - Stock Valuation and Financial Performance

BSE: 506605 | NSE: POLYCHEM | Chemicals | Small Cap

Polychem Share Price

2,630 -4.80 -0.18%
as on 12-Apr'24 10:13

DeciZen - make an informed investing decision on Polychem

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Polychem stock performance -

mw4me loader
P/E Ratio (SA):
23.24
Market Cap:
106.5 Cr.
52-wk low:
841
52-wk high:
3,340

Is Polychem Ltd an attractive stock to invest in?

1. Is Polychem Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Polychem Ltd is a below average quality company.

2. Is Polychem Ltd undervalued or overvalued?

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

3. Is Polychem Ltd a good buy now?

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

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.
Polychem Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.2%6%1.8%3.6%-1.4%2.2%11%1.7%4.8%15.3%-
Value Creation
Index
-0.4-0.6-0.9-0.7-1.1-0.8-0.2-0.9-0.70.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 16.917.812.614.416.318.92310.920.435.232
Sales YoY Gr.-5.4%-29%13.9%13.1%16.2%21.7%-52.5%86.7%72.5%-
Adj EPS 29.123.4715.1-6.39.651.47.224.691.9113.4
YoY Gr.--19.6%-70%115.5%-141.6%NA434.4%-85.9%240.1%273.7%-
BVPS (₹) 380400.4407.8434.1427.2443.8499.3494.7573.6661.2740.6
Adj Net
Profit
1.20.90.30.6-0.30.42.10.313.75
Cash Flow from Ops. -4.31.90.4-0.1-0.9-12.80.8-2.34.5-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.5%16.7%15.3%72.5%
Adj EPS 13.7%NA21.4%273.7%
BVPS6.4%9.1%9.8%15.3%
Share Price 23.3% 52.2% 78.6% 187.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
861.73.6-1.52.210.91.54.614.916.2
Op. Profit
Mgn %
3.86-1.5-4.5-4.6012.6-4-113.617.8
Net Profit
Mgn %
75.32.24.3-1.62.192.74.910.514.2
Debt to
Equity
0000000000-
Working Cap
Days
2182372902592511931292261409871
Cash Conv.
Cycle
69699782838782161996853

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.20%

Sales growth is growing at healthy rate in last 3 years 15.25%

Net Profit is growing at healthy rate in last 3 years 21.40%

Sales growth is not so good in last 4 quarters at -5.76%

Latest Financials - Polychem Ltd.

Standalone Consolidated
TTM EPS (₹) 113.4 157.2
TTM Sales (₹ Cr.) 32.1 48.7
BVPS (₹.) 740.6 966.6
Reserves (₹ Cr.) 30 39
P/BV 3.56 2.73
PE 23.24 16.77
From the Market
52 Week Low / High (₹) 841.00 / 3340.00
All Time Low / High (₹) 0.80 / 3340.00
Market Cap (₹ Cr.) 106
Equity (₹ Cr.) 0.4
Face Value (₹) 10
Industry PE 49.4

Management X-Ray of Polychem:

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Polychem

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
Sales17181314161923112035
Operating Expenses 16171315171920112130
Manufacturing Costs2222333235
Material Costs11107910121251118
Employee Cost 1222233334
Other Costs 2222222234
Operating Profit 110-1-103005
Operating Profit Margin (%) 3.7%6.0%-2.4%-4.5%-4.6%0.0%12.6%-4.0%-1.0%13.6%
Other Income 1111111140
Interest 0000000000
Depreciation 0000001101
Exceptional Items 0000000000
Profit Before Tax 1111013035
Tax 0100001001
Profit After Tax 1101012034
PAT Margin (%) 8.5%5.3%3.3%5.8%-0.9%3.7%10.5%2.7%15.8%10.6%
Adjusted EPS (₹)35.523.410.420.5-3.417.259.67.280.092.1
Dividend Payout Ratio (%)0%11%24%12%0%15%21%0%4%22%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 15161618171820202327
Share Capital 0000000000
Reserves 15161617171820202326
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables2111111121
Others Liabilities 0100012122
Total Liabilities 18171819192023222630

Fixed Assets

Gross Block1111122334
Accumulated Depreciation0110011223
Net Fixed Assets1110111112
CWIP 0000000000
Investments 1334499111516
Inventories2222222224
Trade Receivables4222344363
Cash Equivalents 1233315412
Others Assets8767631112
Total Assets 18171819192023222630

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -4200-1-131-24
PBT 1111013035
Adjustment -10-1-1-1-10-1-30
Changes in Working Capital -511-0-0-101-21
Tax Paid 000100-100-1
Cash Flow From Investing Activity 4-20010-110-3
Capex 00000-1000-2
Net Investments 4-2000-3-210-1
Others 1100141000
Cash Flow From Financing Activity 0000000-100
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000-100
Others 0000000000
Net Cash Flow 00100-121-31
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.815.982.584.88-0.83.9612.651.4614.9814.92
ROCE (%)10.419.343.363.74-0.563.9816.481.7414.7719.02
Asset Turnover Ratio1.151.140.820.880.880.981.080.490.841.25
PAT to CFO Conversion(x)-42N/A0N/A-11.5N/A-0.671
Working Capital Days
Receivable Days615759546167621158049
Inventory Days44435751474436734035
Payable Days51473235403527553728

Polychem Ltd Stock News

Polychem Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Polychem on 12-Apr-2024 10:13 is ₹2,630.
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 12-Apr-2024 10:13 the market cap of Polychem stood at ₹106.5.
The latest P/E ratio of Polychem as of 12-Apr-2024 10:13 is 23.24.
The latest P/B ratio of Polychem as of 12-Apr-2024 10:13 is 3.56.
The 52-week high of Polychem is ₹3,340 and the 52-week low is ₹841.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Polychem is ₹32.05 ( Cr.) .

About Polychem Ltd

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.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.