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Past 10 year’s financial track record analysis by Moneyworks4me indicates that Polylink Polymers (India) Ltd is a below average quality company.
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.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -0.5 | 0.1 | -0.5 | -0.5 | -0.6 | -0.7 | -0.6 | -0.8 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 35.4 | 37 | 36 | 32 | 34.5 | 47 | 47.1 | 37.4 | 45.7 | 50.4 | 66 |
| Sales YoY Gr. | - | 4.6% | -2.8% | -11.1% | 7.7% | 36.5% | 0% | -20.5% | 22.1% | 10.2% | - |
| Adj EPS ⓘ | 0.3 | 0.2 | 0.8 | 0.5 | 0.6 | 0.4 | 0.4 | 0.5 | 0.3 | 0.2 | 0.6 |
| YoY Gr. | - | -46.7% | 375% | -35.5% | 30.6% | -31.3% | -13.6% | 36.8% | -34.6% | -35.3% | - |
| BVPS (₹) ⓘ | 3.8 | 4 | 4.8 | 8.9 | 9.6 | 10.1 | 10.6 | 11.1 | 11.5 | 11.8 | 12.2 |
| Adj Net Profit ⓘ | 0.7 | 0.4 | 1.7 | 1.1 | 1.4 | 1 | 0.8 | 1.2 | 0.8 | 0.5 | 1 |
| Cash Flow from Ops. ⓘ | -0.2 | 5.5 | 2.6 | 1.2 | 1.9 | 0.4 | 3.8 | 0.3 | 0.5 | 4.1 | - |
| Debt/CF from Ops. ⓘ | -55.3 | 0.8 | 1.3 | 2.1 | 1.4 | 7.6 | 0.1 | 4.5 | 3.7 | 0.1 | - |
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% | ||||
| BVPSⓘ | 13.5% | 4.2% | 3.7% | 2.3% | ||||
| Share Price | 26.5% | 13.3% | 25.5% | 58.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.5 | 4.1 | 17.3 | 7.2 | 7 | 4.5 | 3.7 | 4.8 | 3 | 1.9 | 5 |
| Op. Profit Mgn % ⓘ | 8.6 | 7.6 | 7.6 | 6.2 | 8.3 | 4.8 | 4.1 | 5 | 4.4 | 3.4 | 4 |
| Net Profit Mgn % ⓘ | 1.9 | 0.9 | 4.7 | 3.4 | 4.1 | 2.1 | 1.8 | 3.1 | 1.7 | 1 | 2 |
| Debt to Equity ⓘ | 1 | 0.5 | 0.3 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0.1 | 0 | - |
| Working Cap Days ⓘ | 80 | 74 | 72 | 94 | 106 | 92 | 97 | 121 | 110 | 97 | 44 |
| Cash Conv. Cycle ⓘ | 46 | 45 | 39 | 52 | 69 | 70 | 72 | 88 | 84 | 76 | 33 |
Return on Equity has increased versus last 3 years average to 5.00%
Sales growth is good in last 4 quarters at 33.47%
Sales growth has been subdued in last 3 years 2.29%
Net Profit has been subdued in last 3 years -16.65%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.6 | - |
| TTM Sales (₹ Cr.) | 65.6 | - |
| BVPS (₹.) ⓘ | 12.2 | - |
| Reserves (₹ Cr.) ⓘ | 16 | - |
| P/BV ⓘ | 2.41 | - |
| PE ⓘ | 48.82 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 18.00 / 40.30 |
| All Time Low / High (₹) | 0.34 / 42.55 |
| Market Cap (₹ Cr.) | 65.1 |
| Equity (₹ Cr.) | 11.1 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 49.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 35.40 | 37.04 | 35.99 | 32 | 34.46 | 47.04 | 47.05 | 37.43 | 45.69 | 50.36 |
| Operating Expenses ⓘ | 32.37 | 34.25 | 33.24 | 30.03 | 31.61 | 44.79 | 45.11 | 35.55 | 43.70 | 48.64 |
| Manufacturing Costs | 1.95 | 2.10 | 2.50 | 2.27 | 2.43 | 3.19 | 3.21 | 2.46 | 2.50 | 2.90 |
| Material Costs | 25.13 | 26.56 | 24.89 | 22.41 | 23.55 | 34.83 | 34.89 | 27.04 | 34.14 | 39.07 |
| Employee Cost | 1.54 | 1.80 | 2.13 | 2.27 | 2.42 | 3.05 | 2.89 | 2.25 | 2.36 | 2.48 |
| Other Costs ⓘ | 3.75 | 3.79 | 3.72 | 3.08 | 3.21 | 3.71 | 4.12 | 3.78 | 4.69 | 4.20 |
| Operating Profit ⓘ | 3.03 | 2.80 | 2.75 | 1.97 | 2.85 | 2.25 | 1.94 | 1.89 | 1.99 | 1.72 |
| 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 ⓘ | 0.70 | 0.69 | 0.81 | 0.88 | 0.70 | 0.63 | 0.77 | 0.54 | 0.45 | 0.30 |
| Interest ⓘ | 1.24 | 1.08 | 0.56 | 0.36 | 0.40 | 0.42 | 0.37 | 0.12 | 0.15 | 0.11 |
| Depreciation ⓘ | 1.41 | 1.40 | 0.54 | 0.75 | 0.90 | 0.87 | 0.90 | 0.82 | 0.89 | 0.94 |
| Exceptional Items ⓘ | 0.44 | -0.10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.53 | 0.91 | 2.45 | 1.74 | 2.25 | 1.58 | 1.45 | 1.48 | 1.40 | 0.97 |
| Tax ⓘ | 0.49 | 0.52 | 0.63 | 0.59 | 0.76 | 0.47 | 0.38 | 0.29 | 0.51 | 0.32 |
| Profit After Tax | 1.04 | 0.38 | 1.82 | 1.14 | 1.49 | 1.11 | 1.07 | 1.19 | 0.90 | 0.64 |
| PAT Margin (%) | 2.9% | 1.0% | 5.1% | 3.6% | 4.3% | 2.4% | 2.3% | 3.2% | 2.0% | 1.3% |
| Adjusted EPS (₹) | 0.5 | 0.2 | 0.8 | 0.5 | 0.7 | 0.5 | 0.5 | 0.5 | 0.4 | 0.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 8.37 | 8.76 | 10.58 | 19.68 | 21.20 | 22.31 | 23.37 | 24.59 | 25.50 | 26.09 |
| Share Capital ⓘ | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 |
| Reserves ⓘ | -2.68 | -2.30 | -0.48 | 8.62 | 10.14 | 11.26 | 12.32 | 13.53 | 14.45 | 15.03 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 8.25 | 4.30 | 3.23 | 2.58 | 2.57 | 2.98 | 0.42 | 0.94 | 1.49 | 0.14 |
| Long Term Debt | 2.84 | 0 | 0 | 0 | 0.15 | 0 | 0 | 0.42 | 0.25 | 0.14 |
| Short Term Debt | 5.41 | 4.30 | 3.23 | 2.58 | 2.42 | 2.98 | 0.42 | 0.53 | 1.24 | 0 |
| Trade Payables | 1.35 | 1.48 | 1.58 | 2.58 | 2.22 | 2.29 | 2.84 | 2.27 | 2.46 | 2.13 |
| Others Liabilities ⓘ | -2.76 | -2.60 | -1.44 | 0.59 | 1.11 | 1.49 | 1.55 | 1.58 | 1.61 | 1.74 |
| Total Liabilities ⓘ | 15.21 | 11.93 | 13.94 | 25.43 | 27.11 | 29.07 | 28.18 | 29.38 | 31.07 | 30.09 |
Fixed Assets | ||||||||||
| Gross Block | 32.29 | 32.77 | 33.87 | 16.24 | 17.51 | 18.42 | 19.17 | 19.49 | 21.45 | 21.64 |
| Accumulated Depreciation | 26.45 | 27.98 | 28.52 | 0.75 | 1.65 | 2.52 | 3.42 | 4.23 | 5.12 | 5.85 |
| Net Fixed Assetsⓘ | 5.84 | 4.78 | 5.35 | 15.49 | 15.86 | 15.90 | 15.75 | 15.25 | 16.33 | 15.79 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.20 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 3 | 1.27 | 2.10 | 3.14 | 3.72 | 4.04 | 4.18 | 4.50 | 4.79 | 5.16 |
| Trade Receivables | 4.54 | 4.11 | 3.96 | 5.29 | 6.45 | 8.51 | 7.27 | 7.47 | 9.29 | 6.48 |
| Cash Equivalents | 0.37 | 0.45 | 0.39 | 0.32 | 0.61 | 0.17 | 0.45 | 0.04 | 0.01 | 2.25 |
| Others Assetsⓘ | 1.45 | 1.32 | 2.15 | 1.20 | 0.47 | 0.46 | 0.53 | 0.92 | 0.64 | 0.42 |
| Total Assets ⓘ | 15.21 | 11.93 | 13.94 | 25.43 | 27.11 | 29.07 | 28.18 | 29.38 | 31.07 | 30.09 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.15 | 5.46 | 2.55 | 1.24 | 1.88 | 0.39 | 3.80 | 0.28 | 0.48 | 4.13 |
| PBT ⓘ | 1.53 | 0.91 | 2.45 | 1.74 | 2.25 | 1.58 | 1.45 | 1.48 | 1.40 | 0.97 |
| Adjustment ⓘ | 1.97 | 2.31 | 1.04 | 1.09 | 1.28 | 1.26 | 1.29 | 0.86 | 1.03 | 0.93 |
| Changes in Working Capital ⓘ | -2.46 | 2.69 | -0.55 | -1.41 | -1.25 | -1.98 | 1.39 | -1.82 | -1.65 | 2.36 |
| Tax Paid ⓘ | 0 | 0 | -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 | 0 | 0 | 0 | -0.09 | -0.29 | 0.40 | -0.20 | 0.23 | 0 | -0.12 |
| Others ⓘ | 0.03 | 0.05 | 0.42 | 0 | 0.02 | 0.02 | 0.01 | 0.01 | 0 | 0.01 |
| Cash Flow From Financing Activityⓘ | -1.24 | -5.01 | -1.58 | -0.96 | -0.33 | -0.03 | -2.94 | 0.71 | 0.36 | -1.49 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.50 | -2.84 | 0 | 0 | 0.20 | 0.36 | 0 | 0.72 | -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 ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.74 | -1.14 | -1.07 | -0.65 | -0.16 | 0 | -2.63 | 0.04 | 0.64 | -1.31 |
| Net Cash Flow ⓘ | -0.40 | 0.02 | 0.29 | -0.16 | -0.01 | -0.05 | 0.09 | -0.19 | -0.03 | 2.12 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.25 | 4.49 | 18.87 | 7.55 | 7.28 | 5.12 | 4.67 | 4.97 | 3.58 | 2.5 |
| ROCE (%) | 16.51 | 13.36 | 22.44 | 11.64 | 11.49 | 8.17 | 7.4 | 6.47 | 5.86 | 3.99 |
| Asset Turnover Ratio | 2.43 | 2.87 | 2.92 | 1.75 | 1.33 | 1.67 | 1.64 | 1.3 | 1.51 | 1.65 |
| PAT to CFO Conversion(x) | -0.14 | 14.37 | 1.4 | 1.09 | 1.26 | 0.35 | 3.55 | 0.24 | 0.53 | 6.45 | Working Capital Days |
| Receivable Days | 40 | 41 | 39 | 49 | 61 | 58 | 61 | 72 | 67 | 57 |
| Inventory Days | 23 | 20 | 16 | 28 | 36 | 30 | 32 | 42 | 37 | 36 |
| Payable Days | 24 | 19 | 22 | 34 | 37 | 24 | 27 | 34 | 25 | 21 |
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:
Achievements/ recognition :
It is an ISO 9001:2000 accreted organization.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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