Axel Polymers Ltd - Stock Valuation and Financial Performance

BSE: 513642 | NSE: | Plastic Products | Small Cap

Axel Polymers Share Price

61.46 1.02 1.69%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Axel Polymers

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Axel Polymers stock performance -

mw4me loader
P/E Ratio (SA):
91.99
Market Cap:
52.3 Cr.
52-wk low:
45
52-wk high:
76

Is Axel Polymers Ltd an attractive stock to invest in?

1. Is Axel Polymers Ltd a good quality company?

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

2. Is Axel Polymers Ltd undervalued or overvalued?

The key valuation ratios of Axel Polymers Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Axel Polymers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Axel Polymers 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 Axel 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.
Axel Polymers 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 % -12.4%17.8%17%17.8%13.7%14.7%11.1%12.1%17%12.6%-
Value Creation
Index
-1.90.30.20.30.00.1-0.2-0.10.2-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5.616.218.521.92724.422.92372.985.2149
Sales YoY Gr.-191.2%14.5%18.4%22.9%-9.6%-6%0.6%216.5%16.8%-
Adj EPS -4.20.30.40.30.51.10.20.41.11.40.7
YoY Gr.-NA27.6%-13.5%59.4%113.7%-79.8%100%145.5%28.7%-
BVPS (₹) 2.322.42.83.44.54.65.114.515.917
Adj Net
Profit
-1.80.10.20.10.20.50.10.20.91.21
Cash Flow from Ops. 1.30.2-1.81.1-0.61.41.2-0.13.25.6-
Debt/CF from Ops. 3.920.3-3.15-12.15.46.1-638.14.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 35.4%25.9%55%16.8%
Adj EPS NA22.2%84.9%28.7%
BVPS23.9%36.1%50.8%9.8%
Share Price 30.8% 46.1% 19.1% 30.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-94.713.51712.316.627.64.8912.79.24.1
Op. Profit
Mgn %
-8.78.96.35.14.96.86.16.95.763.1
Net Profit
Mgn %
-32.10.80.90.60.81.90.40.81.31.40.4
Debt to
Equity
55.15.44.75.13.93.842.11.9-
Working Cap
Days
36116118514514016418124316319867
Cash Conv.
Cycle
14437829293121122133779713

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 54.95%

Net Profit is growing at healthy rate in last 3 years 84.87%

Debt to equity has declined versus last 3 years average to 1.86

Sales growth is good in last 4 quarters at 65.71%

Return on Equity has declined versus last 3 years average to 4.10%

Latest Financials - Axel Polymers Ltd.

Standalone Consolidated
TTM EPS (₹) 0.7 -
TTM Sales (₹ Cr.) 149 -
BVPS (₹.) 17 -
Reserves (₹ Cr.) 6 -
P/BV 3.62 -
PE 91.99 -
From the Market
52 Week Low / High (₹) 45.02 / 76.00
All Time Low / High (₹) 0.60 / 76.00
Market Cap (₹ Cr.) 52.3
Equity (₹ Cr.) 8.5
Face Value (₹) 10
Industry PE 41.1

Management X-Ray of Axel 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 Axel 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
Sales5.5616.1918.5321.9426.9724.3722.9023.0472.9185.19
Operating Expenses 6.0414.7517.3720.8225.6622.7121.5021.4568.8080.06
Manufacturing Costs0.290.681.251.031.221.751.151.211.230.74
Material Costs5.0512.9814.3916.9421.9018.0717.2517.5761.8573.51
Employee Cost 0.620.620.821.091.491.851.991.773.583.66
Other Costs 0.080.460.911.761.041.041.110.902.152.15
Operating Profit -0.481.451.161.131.321.661.391.594.115.12
Operating Profit Margin (%) -8.7%8.9%6.3%5.1%4.9%6.8%6.1%6.9%5.6%6.0%
Other Income 0.030.040.080.270.050.020.020.010.550.28
Interest 0.870.880.840.930.800.910.971.112.843.16
Depreciation 0.450.480.250.210.280.330.360.370.480.54
Exceptional Items 0000000000
Profit Before Tax -1.780.120.150.260.290.430.080.121.341.70
Tax 0000.040.05-0.03-0.01-0.070.430.52
Profit After Tax -1.780.120.150.220.230.470.090.190.921.18
PAT Margin (%) -32.1%0.8%0.8%1.0%0.9%1.9%0.4%0.8%1.3%1.4%
Adjusted EPS (₹)-4.20.30.40.50.51.10.20.41.11.4
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 0.990.861.011.211.461.931.992.2012.3213.53
Share Capital 4.304.304.304.304.304.304.304.308.528.52
Reserves -3.31-3.44-3.29-3.09-2.84-2.37-2.31-2.103.815.01
Minority Interest0000000000
Debt4.464.375.455.697.457.557.458.7725.9425.19
Long Term Debt1.490.630.670.630.550.560.461.424.946.47
Short Term Debt2.963.754.795.066.916.9977.3520.9918.72
Trade Payables2.486.261.531.701.1712.947.1016.1715.60
Others Liabilities 1.973.905.065.124.993.793.633.640.931.29
Total Liabilities 9.8915.3913.0513.7115.0714.2816.0221.7255.3655.62

Fixed Assets

Gross Block9.759.809.7910.5810.9411.5311.6911.7716.9618.63
Accumulated Depreciation6.036.776.987.087.347.678.048.419.249.78
Net Fixed Assets3.723.032.813.503.603.863.663.367.718.84
CWIP 0.300.300.010000000
Investments 0000000000
Inventories1.794.524.055.726.797.248.7011.1628.2732.73
Trade Receivables2.425.474.372.042.711.762.105.5611.397.67
Cash Equivalents 0.941.030.630.370.020.020.020.030.941.08
Others Assets0.721.041.182.091.961.411.541.617.055.30
Total Assets 9.8915.3913.0513.7115.0714.2816.0221.7255.3655.62

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.290.22-1.771.14-0.621.391.22-0.143.205.61
PBT -1.780.120.150.260.290.430.080.121.341.70
Adjustment 0.450.480.200.951.041.231.321.473.143.59
Changes in Working Capital 2.62-0.39-2.13-0.03-1.88-0.19-0.17-1.71-1.060.59
Tax Paid 000-0.04-0.05-0.09-0.01-0.02-0.22-0.27
Cash Flow From Investing Activity -0.10-0.470.20-0.70-0.34-0.58-0.14-0.06-0.19-1.57
Capex -0.10-0.05-0.04-0.86-0.38-0.60-0.16-0.07-0.37-1.67
Net Investments 0000000000
Others 0-0.430.240.160.030.020.020.010.180.11
Cash Flow From Financing Activity -0.97-0.081.08-0.700.97-0.81-1.080.15-2.81-3.91
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.22-0.870.040.261.85000.960.081.52
Interest Paid 000-0.93-0.79-0.91-0.97-1.11-2.84-3.16
Dividend Paid 0000000000
Others -0.750.791.04-0.03-0.090.10-0.100.30-0.05-2.27
Net Cash Flow 0.22-0.34-0.50-0.270.0200-0.040.210.14
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-94.713.516.3619.4417.3727.574.779.0112.629.16
ROCE (%)-12.3717.8317.0117.7713.7414.6611.1312.121712.62
Asset Turnover Ratio0.551.431.431.831.931.661.511.221.891.54
PAT to CFO Conversion(x)N/A1.83-11.85.18-2.72.9613.56-0.743.484.75
Working Capital Days
Receivable Days154808848313331614241
Inventory Days1506477738210512715799131
Payable Days18912399352422421046979

Axel Polymers Ltd Stock News

Axel Polymers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Axel Polymers on 11-Oct-2024 16:01 is ₹61.46.
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 11-Oct-2024 16:01 the market cap of Axel Polymers stood at ₹52.34.
The latest P/E ratio of Axel Polymers as of 11-Oct-2024 16:01 is 91.99.
The latest P/B ratio of Axel Polymers as of 11-Oct-2024 16:01 is 3.62.
The 52-week high of Axel Polymers is ₹76.00 and the 52-week low is ₹45.02.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Axel Polymers is ₹149.1 ( Cr.) .

About Axel Polymers Ltd

Axel Polymers has contributed to being India’s largest Toll Manufacturer of Engineering Thermoplastics. Axel has been the extended manufacturing plant for many Multinationals & Indian Corporate brand owners. The company is engaged in the business of manufacturing Compounds, Blends and Alloys of Engineering, Specialty and Commodity Polymers since 1995.

Strategic Business Unit

  • Toll Manufacturing 
  • Repellants - Bed Nets 
  • Thermoplastic Compounds & Alloys

History

  • 1992 : Established Axel Polymers
  • 1994 : Axel was listed on BSE
  • 1995 : Axel Compounding Plant was ready with first set of Manufacturing infrastructure
  • 2003 : Installed second TSE line to expand the capacity and meet customers priority
  • 2005 : Added third TSE line with unique processing facilities
  • 2006 : Further added one more TSE line to take capacity to sprawling over 10000 TPA
  • 2007 : Established SBU: Repellants Manufacturing of Treated and Untreated Bed nets
  • 2010 : Axel offers unique range of Thermoplastic Compounds
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