Polylink Polymers (India) Ltd - Stock Valuation and Financial Performance

BSE: 531454 | NSE: | Chemicals | Small Cap

Polylink Polymers Share Price

30.47 0.63 2.11%
as on 12-Jul'24 16:01

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Polylink Polymers (India) stock performance -

mw4me loader
P/E Ratio (SA):
38.50
Market Cap:
66.7 Cr.
52-wk low:
18.4
52-wk high:
40.3

Is Polylink Polymers (India) Ltd an attractive stock to invest in?

1. Is Polylink Polymers (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Polylink Polymers (India) Ltd is a below average quality company.

2. Is Polylink Polymers (India) Ltd undervalued or overvalued?

The key valuation ratios of Polylink Polymers (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Polylink Polymers (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Polylink Polymers (India) 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 Polylink Polymers:

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.
Polylink Polymers (India) 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 % 9.2%7.4%15.4%7.5%7.4%5.2%4.5%5%3.2%2.1%-
Value Creation
Index
-0.4-0.50.1-0.5-0.5-0.6-0.7-0.6-0.8-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 35.437363234.54747.137.445.750.474
Sales YoY Gr.-4.6%-2.8%-11.1%7.7%36.5%0%-20.5%22.1%10.2%-
Adj EPS 0.30.20.80.50.60.40.40.50.30.20.8
YoY Gr.--46.7%375%-35.5%30.6%-31.3%-13.6%36.8%-34.6%-35.3%-
BVPS (₹) 3.844.88.99.610.110.611.111.511.812.6
Adj Net
Profit
0.70.41.71.11.410.81.20.80.52
Cash Flow from Ops. -0.25.52.61.21.90.43.80.30.54.1-
Debt/CF from Ops. -55.30.81.32.11.47.60.14.53.70.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4%7.9%2.3%10.2%
Adj EPS -3.4%-19.2%-16.7%-35.3%
BVPS13.5%4.2%3.7%2.3%
Share Price 29.3% 18.6% 9.8% 47.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.54.117.37.274.53.74.831.96.4
Op. Profit
Mgn %
8.67.67.66.28.34.84.154.43.44.4
Net Profit
Mgn %
1.90.94.73.44.12.11.83.11.712.3
Debt to
Equity
10.50.30.10.10.100.10.100
Working Cap
Days
8074729410692971211109740
Cash Conv.
Cycle
4645395269707288847628

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.40%

Sales growth is good in last 4 quarters at 49.66%

Sales growth has been subdued in last 3 years 2.29%

Net Profit has been subdued in last 3 years -16.65%

Latest Financials - Polylink Polymers (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 0.8 -
TTM Sales (₹ Cr.) 74 -
BVPS (₹.) 12.6 -
Reserves (₹ Cr.) 17 -
P/BV 2.40 -
PE 38.50 -
From the Market
52 Week Low / High (₹) 18.35 / 40.30
All Time Low / High (₹) 0.34 / 42.55
Market Cap (₹ Cr.) 66.7
Equity (₹ Cr.) 11.1
Face Value (₹) 5
Industry PE 56.6

Management X-Ray of Polylink Polymers:

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 Polylink Polymers

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
Sales35.4037.0435.993234.4647.0447.0537.4345.6950.36
Operating Expenses 32.3734.2533.2430.0331.6144.7945.1135.5543.7048.64
Manufacturing Costs1.952.102.502.272.433.193.212.462.502.90
Material Costs25.1326.5624.8922.4123.5534.8334.8927.0434.1439.07
Employee Cost 1.541.802.132.272.423.052.892.252.362.48
Other Costs 3.753.793.723.083.213.714.123.784.694.20
Operating Profit 3.032.802.751.972.852.251.941.891.991.72
Operating Profit Margin (%) 8.6%7.5%7.6%6.2%8.3%4.8%4.1%5.0%4.4%3.4%
Other Income 0.700.690.810.880.700.630.770.540.450.30
Interest 1.241.080.560.360.400.420.370.120.150.11
Depreciation 1.411.400.540.750.900.870.900.820.890.94
Exceptional Items 0.44-0.1000000000
Profit Before Tax 1.530.912.451.742.251.581.451.481.400.97
Tax 0.490.520.630.590.760.470.380.290.510.32
Profit After Tax 1.040.381.821.141.491.111.071.190.900.64
PAT Margin (%) 2.9%1.0%5.1%3.6%4.3%2.4%2.3%3.2%2.0%1.3%
Adjusted EPS (₹)0.50.20.80.50.70.50.50.50.40.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 8.378.7610.5819.6821.2022.3123.3724.5925.5026.09
Share Capital 11.0611.0611.0611.0611.0611.0611.0611.0611.0611.06
Reserves -2.68-2.30-0.488.6210.1411.2612.3213.5314.4515.03
Minority Interest0000000000
Debt8.254.303.232.582.572.980.420.941.490.14
Long Term Debt2.840000.15000.420.250.14
Short Term Debt5.414.303.232.582.422.980.420.531.240
Trade Payables1.351.481.582.582.222.292.842.272.462.13
Others Liabilities -2.76-2.60-1.440.591.111.491.551.581.611.74
Total Liabilities 15.2111.9313.9425.4327.1129.0728.1829.3831.0730.09

Fixed Assets

Gross Block32.2932.7733.8716.2417.5118.4219.1719.4921.4521.64
Accumulated Depreciation26.4527.9828.520.751.652.523.424.235.125.85
Net Fixed Assets5.844.785.3515.4915.8615.9015.7515.2516.3315.79
CWIP 00000001.2000
Investments 0000000000
Inventories31.272.103.143.724.044.184.504.795.16
Trade Receivables4.544.113.965.296.458.517.277.479.296.48
Cash Equivalents 0.370.450.390.320.610.170.450.040.012.25
Others Assets1.451.322.151.200.470.460.530.920.640.42
Total Assets 15.2111.9313.9425.4327.1129.0728.1829.3831.0730.09

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.155.462.551.241.880.393.800.280.484.13
PBT 1.530.912.451.742.251.581.451.481.400.97
Adjustment 1.972.311.041.091.281.261.290.861.030.93
Changes in Working Capital -2.462.69-0.55-1.41-1.25-1.981.39-1.82-1.652.36
Tax Paid 00-0.39-0.18-0.40-0.47-0.33-0.25-0.30-0.13
Cash Flow From Investing Activity 1-0.43-0.69-0.44-1.55-0.41-0.77-1.18-0.87-0.52
Capex 0.97-0.48-1.10-0.35-1.28-0.82-0.59-1.41-0.87-0.42
Net Investments 000-0.09-0.290.40-0.200.230-0.12
Others 0.030.050.4200.020.020.010.0100.01
Cash Flow From Financing Activity -1.24-5.01-1.58-0.96-0.33-0.03-2.940.710.36-1.49
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.50-2.84000.200.3600.72-0.16-0.11
Interest Paid 0-1.03-0.50-0.31-0.37-0.39-0.31-0.04-0.12-0.07
Dividend Paid 0000000000
Others -0.74-1.14-1.07-0.65-0.160-2.630.040.64-1.31
Net Cash Flow -0.400.020.29-0.16-0.01-0.050.09-0.19-0.032.12
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.254.4918.877.557.285.124.674.973.582.5
ROCE (%)16.5113.3622.4411.6411.498.177.46.475.863.99
Asset Turnover Ratio2.432.872.921.751.331.671.641.31.511.65
PAT to CFO Conversion(x)-0.1414.371.41.091.260.353.550.240.536.45
Working Capital Days
Receivable Days40413949615861726757
Inventory Days23201628363032423736
Payable Days24192234372427342521

Polylink Polymers (India) Ltd Stock News

Polylink Polymers (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Polylink Polymers on 12-Jul-2024 16:01 is ₹30.47.
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-Jul-2024 16:01 the market cap of Polylink Polymers stood at ₹66.69.
The latest P/E ratio of Polylink Polymers as of 12-Jul-2024 16:01 is 38.50.
The latest P/B ratio of Polylink Polymers as of 12-Jul-2024 16:01 is 2.40.
The 52-week high of Polylink Polymers is ₹40.30 and the 52-week low is ₹18.35.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Polylink Polymers is ₹73.96 ( Cr.) .

About Polylink Polymers (India) Ltd

Polylink Polymers  was promoted by U S Bharatiya in 1993, it plays a pivotal in India’s efforts to be self-reliant in developing and producing polymeric compounds that are in great demand in the industrial and domestic sector. Its state-of-the-art plant, which is equipped with the foremost processing machinery, R&D, testing and inspection labs, is situated at Ahmedabad, in western India. The plant and corporate offices include online connectivity, and are physically well-connected by land, sea and air with all parts of India and the rest of the world.

Polylink Polymers manufacture polymeric compounds such as wire & cable compounds, engineering compounds, glass reinforced PP compounds, glass reinforced & fire retardant PBT compounds made to international standards.

Top qualified and expert professionals in petrochemicals and hydrocarbon processing and a proactive as well as pragmatic management and marketing team propel the Company in alignment with high ideals and goals.

Product range of the company includes:

The company is engaged in the manufacturing of:

  • Polyethylene silane cross-linkable compounds for Low Voltage and Medium Voltage insulation & jacketing and Thermoplastic Semi-conducting Compounds  for Power Cables
  • Cable Insulation and sheathing Compounds for Telecom Cables
  • Engineering Plastic Compounds a) Polypropylene Compounds filled with Minerals and Glass for Garden Furniture and other applications b) Polypropylene modified with EPDMc) PBT filled with Glass, MIneral and Fire Retardant Additivesd) Nylon filled with Glass, Mineral e) Fire-retardant, thermoplastic, polyolefin-based compoundsf) Additive Master Batches
  • In addition to the above mentioned products, the company is also engaged in production of the following items:
  • Compounds for Power Cables
  • Compounds for Telecom Cables
  • Polypropylene Filled Compounds
  • PBT Reinforced Compounds
  • Nylon Filled Compounds
  • Fire Retardant Thermoplastic Compounds
  • Additive Master Batches

Achievements/ recognition :

It is an ISO 9001:2000 accreted organization.

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