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Barflex Polyfilms Ltd (BARFLEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: BARFLEX Plastic Products | Small Cap | Barflex Polyfilms Share Price

BSE Share Price
Not Listed

Barflex Polyfilms Ltd (BARFLEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: BARFLEX Plastic Products | Small Cap | Barflex Polyfilms Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹144 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹2.3
TTM Sales
₹114 Cr.
Book Value per Share
₹36.8
P/E Ratio
24.89
Higher than its 5-year historical median
Industry PE
39
Price to Book (P/B)
1.59
Lower than its 5-year historical median
Price to Sales (P/S)
1.27
Lower than its 5-year historical median
EV/EBITDA
14.05
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
19.94%
Outperforms industry median
Return on Capital Employed (ROCE)
25.99%
Outperforms industry median
Return on Assets (ROA)
18.45%
Operating Profit Margin
8.6%
Net Profit Margin
15.88%
Gross Profit Margin
21%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-11.5%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-52.72%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-10.51%
Asset Quality
Promoter Holding
67.22%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹66 Cr.
Equity
₹24.8 Cr.
Face Value
₹10
All Time Low / High
- / -

Barflex Polyfilms stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Barflex Polyfilms Ltd a good quality company?
Barflex Polyfilms Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Barflex Polyfilms Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Barflex Polyfilms Ltd vs industry peers?
Barflex Polyfilms Ltd revenue CAGR is 1.42%, compared to the industry median CAGR of 4.30%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Barflex Polyfilms Ltd?
Promoters hold 67.22% of the Barflex Polyfilms Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Barflex Polyfilms Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 2.68% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Barflex Polyfilms Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 26.1%29.4%41.3%26%-
Value Creation
Index
0.91.12.00.9-

Growth Parameters

Sales 93.510911097.5114
Sales YoY Gr.-16.8%1%-11.5%-
Adj EPS 3.44.56.13.52.3
YoY Gr.-30.9%36.4%-42.8%-
BVPS (₹) 16.52128.336.836.8
Adj Net
Profit
7.710.113.88.66
Cash Flow from Ops. 6.915.48-4.2-
Debt/CF from Ops. 000-0-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA1.4%-11.5%
Adj EPS NANA0.7%-42.8%
BVPSNANA30.6%29.7%
Share Price - - - -4.7%

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
20.623.724.611.16.4
Op. Profit
Mgn %
10.711.316.28.6NAN
Net Profit
Mgn %
8.39.312.58.85.1
Debt to
Equity
0000-
Working Cap
Days
083821170
Cash Conv.
Cycle
06361800

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales9310911098
Operating Expenses + 83979289
Manufacturing Costs4454
Material Costs69807570
Employee Cost 5666
Other Costs 6879
Operating Profit 1012188
Operating Profit Margin (%) 10.7%11.1%16.2%8.6%
Other Income + 11612
Exceptional Items 0000
Interest 0000
Depreciation 1111
Profit Before Tax 10122320
Tax 2265
Profit After Tax 8101715
PAT Margin (%) 8.5%9.3%15.7%15.9%
Adjusted EPS (₹)3.54.57.66.3
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Barflex Polyfilms - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 37486491
Share Capital 23232325
Reserves 15254266
Debt +0000
Long Term Debt0000
Short Term Debt0000
Minority Interest0000
Trade Payables5454
Others Liabilities 2422
Total Liabilities 44557197

Fixed Assets

Net Fixed Assets +6655
Gross Block19191920
Accumulated Depreciation12131414
CWIP 0002
Investments 8112553
Inventories1481010
Trade Receivables12141418
Cash Equivalents 315151
Others Assets 1128
Total Assets 44557197

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 7158-4
PBT 10122320
Adjustment 11-5-9
Changes in Working Capital -24-4-11
Tax Paid -1-2-6-4
Cash Flow From Investing Activity + -9-3-8-20
Capex -1-0-0-2
Net Investments -8-3-14-26
Others -0-069
Cash Flow From Financing Activity + -0-0-011
Net Proceeds from Shares 00012
Net Proceeds from Borrowing -000-0
Interest Paid -0-0-0-0
Dividend Paid 0000
Others -000-2
Net Cash Flow -213-1-14

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)21.1923.8230.9219.94
ROCE (%)26.0529.441.3225.99
Asset Turnover Ratio2.142.211.751.17
PAT to CFO Conversion(x)0.881.50.47-0.27
Working Capital Days
Receivable Days45.7043.6047.3059.50
Inventory Days52.7036.1030.5038.60
Payable Days24.2019.1020.6021.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Barflex Polyfilms Ltd FAQs

The current trading price of Barflex Polyfilms on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Barflex Polyfilms stood at ₹144.3 Cr

The latest P/E ratio of Barflex Polyfilms as of 31-Dec-1969 is 24.89.

The latest P/B ratio of Barflex Polyfilms as of 31-Dec-1969 is 1.59.

The 52-week high of Barflex Polyfilms is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Barflex Polyfilms is ₹114 ( Cr.) .

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

The key valuation ratios of Barflex Polyfilms Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Barflex Polyfilms Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Barflex Polyfilms Ltd

Barflex Polyfilms Limited was originally incorporated as ‘Hitkari Polyfilms Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, NCT of Delhi & Haryana on January 24, 2005. Subsequently, the name of the company changed from ‘Hitkari Polyfilms Private Limited’ to ‘Barflex Polyfilms Private Limited’ on June 30, 2005 as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Delhi and Haryana. Pursuant to Special Resolution of its Shareholders passed in the Extraordinary General Meeting held on December 26, 2023 the company was converted from a private limited company to a public limited company and consequently the name of the company was changed to ‘Barflex Polyfilms Limited’, and a fresh certificate of incorporation dated February 22, 2024 was issued to the company by the Ministry of Corporate Affairs, Central Registration Centre.

The company is engaged in manufacturing of COEX films, laminates and labels. it manufactures flexible packaging material suitable for packaging products in FMCG industry, processed foods, adhesive, engineering, pharmaceutical industry, cosmetics, construction industry and others. Its major customers are known brands in their respective sector as well as in the domestic market. It manufactures 3-layer poly films, 5-layer poly films, laminates, vacuum pouches, 5-layer bulk liners and PVC shrink labels. It is planning to start manufacturing 7-layer films as well, post expansion. This will help it to become preferred vendor in packaging material, for its customers.

Business area of the company

The company is engaged in manufacturing of flexible packaging material like barrier COEX films, laminates and PVC (poly vinyl chloride) labels which is multi-functional and caters to the packaging requirements of various industries.

Products of the company

COEX films

  • 3-layer films
  • 5-layer barrier films
  • 5-layer pouches

Flexible printed laminates

  • 2 ply laminates
  • 3 ply laminates
  • 4 ply laminates

Laminate pouches

BOPP labels

PVC shrink label

History and milestones

  • 2005 - 2006: Incorporated as ‘Hitkari Polyfilms Private Limited’ on January 24, 2005.
  • 2005 - 2006: Change in name from ‘Hitkari Polyfilms Private Limited’ to ‘Barflex Polyfilms Private Limited’ on June 30, 2005 consequent to order received from High Court, New Delhi dated May 31, 2005, informing that M/s Hitkari Potteries Limited has received stay order from High Court preventing the Company from using ‘HITKARI’ as a prefix or suffix in conjunction with another word.
  • 2005 - 2006: Commenced commercial production of co-extruded multilayer plastic film with effect from October 03, 2005 and pouches made of co-extruded multilayer plastic film with effect from November 26, 2005, at its Unit -I with installed capacity of 2400 MT per annum.
  • 2008 - 2009: Commenced commercial production of PVC shrink sleeves with effect from April 24, 2008 at its Unit -II with installed capacity of 950 MT per annum.
  • 2008 - 2009: Commenced commercial production of PVC stretch and plastic films and pouches with effect from October 22, 2008 at its Unit -III with installed capacity of 865 MT per annum.
  • 2010: Entered into share subscription cum shareholders agreement with AA Development Capital India Fund 1, LLC (Investor) on December 06, 2010 for initial investment amount of Rs 3500 lakhs and allotted 94,57,000 Equity Shares of the company aggregating to 41.67% stake in the company.
  • 2010: Set up a plant at C-44, Noida, Phase-II (Uttar Pradesh) to manufacture flexible packaging products.
  • 2011 - 2012: Revised the capacity of Unit-II with additional products manufacturing: (a) Pouches with effect from December 15, 2011; and (b) Plastic film with effect from March 31, 2012; and (c) Laminates with effect from April 5, 2012 thus, revising the total capacity of Unit-II to 3000 MT per annum.
  • 2017: The company entered into One Time Settlement (OTS) with lender State Bank of India.
  • 2017: Registered the trademark of Company known by ‘BARFLEX’ in class 17 for ‘plastic films, sheets, pouches and laminates’ on January 15, 2017 which is valid upto September 15, 2030.
  • 2018: Proceedings initiated against the Promoters of the company which was settled between the parties through settlement deed dated July 24, 2018. 
  • 2021: Procured ISO certification 9001:2015 dated May 24, 2021 for manufacturing and supply of co-extruded multi-layer plastic films, laminates, pouches and PVC sleeves, in the name of ‘Barflex Polyfilms Private Limited’. 
  • 2022: Procured ISO certification 22000:2018 dated September 13, 2022 for manufacturing and supply of co-extruded multi-layer plastic films, laminates, pouches and PVC sleeves (in category-I), in the name of ‘Barflex Polyfilms Private Limited’.
  • 2024: Conversion of private limited company into public limited company in the name and style of ‘Barflex Polyfilms Limited’ and received new Certificate of Incorporation dated February 22, 2024,
  • 2024: Closure of its corporate office located at UGF, A-1, Sector 10, Noida-201301 on account of administrative convenience.

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