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Dutron Polymers Ltd. Stock Analysis

Small Cap
Evaluated by 108 users | BSE: 517437 | NSE: |
Plastic Products
Dutron Polymers was founded in 1962. The company is a pioneer of PVC hose pipes in India. Beginning with a modest plastic pipe manufacturer, Dutron went on to procure world specialist Kanaflex PVC hose pipe manufacturing know-how. Later on, during the 1980s, it started manufacturing of PVC...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.55%7.81%7.94%8.01%6.99%9.87%9.02%8.3%8.07%8.08%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 62.756.174.87681.910487.19710689.2
Y-o-Y Gr. Rt.--10.5%33.3%1.6%7.7%27.1%-16.3%11.4%9.6%-16.2%
Adjusted EPS (Rs.) 2.311.681.922.081.833.273.053.023.022.76
Y-o-Y Gr. Rt.--27.3%14.3%8.3%-12%78.7%-6.7%-1%0%-8.6%
Book Value per Share (Rs.) 22.5322.8123.123.5423.9425.5426.7928.1327.9731.75
Adjusted Net Profit 1.411.21.31.121.81.81.81.7
Net Op. Cash Flow (Rs. Cr.) 02.72.40.9-0.74.43.2-58.23.2
Debt to Cash Flow from Ops -718.423.214.5712.59-18.863.434.85-4.582.024.55
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Dutron Polymers Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4%1.7%0.8%-16.2%
Adjusted EPS 2%8.6%-3.3%-8.6%
Book Value per Share 3.95.85.813.5
Share Price 21.2% 17% -2.7% 12%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 10.317.298.248.787.613.0511.5410.8710.649.16
Operating Profit Margin (%) 5.976.885.295.144.65.196.385.414.65.23
Net Profit Margin (%) 2.211.791.541.641.341.882.11.871.71.86
Debt to Equity 0.690.640.790.760.950.990.971.340.990.76
Working Capital Days 8912597991038197103111110
Cash Conversion Cycle 6174667780668087100100
Entity Percentage Holding
Promoters 73.54%
Non-Institutions 26.46%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Dutron Polymers Ltd.'s performance infers:

Dutron Polymers Ltd. earnings have grown by 8.6%, whereas share price has appreciated 17% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Dutron Polymers Ltd. share prices over the last 10 years. Here is what we found out:

Dutron Polymers Ltd. share price has appreciated 14.9% annually over the past ten years.

Dutron Polymers was founded in 1962. The company is a pioneer of PVC hose pipes in India. Beginning with a modest plastic pipe manufacturer, Dutron went on to procure world specialist Kanaflex PVC hose pipe manufacturing know-how. Later on, during the 1980s, it started manufacturing of PVC braided hoses, flat delivery hoses, Corrugated pipes and plastic sheets. And further ahead, its product portfolio expanded with international standard HDPE/MDPE/PP pipe systems, uPVC pipes and fittings

Dutron Polymers was founded in 1962. The company is a pioneer of PVC hose pipes in India. Beginning with a modest plastic pipe manufacturer, Dutron went on to procure world specialist Kanaflex PVC hose pipe manufacturing know-how. Later on, during the 1980s, it started manufacturing of PVC braided hoses, flat delivery hoses, Corrugated pipes and plastic sheets. And further ahead, its product portfolio expanded with international standard HDPE/MDPE/PP pipe systems, uPVC pipes and fittings during the 1990s. Today, Dutron is the largest manufacturer of PVC hoses and one of the largest manufacturers of plastic pipe systems in India. Dutron’s products are manufactured using world class technologies from Totaku Industries Inc, Osaka, Japan for Dutron Kanaflex PVC reinforced hose pipes; and Wavin Overseas B V, the Netherlands for Poly Ethylene (PE) pipe systems and uPVC pipes and fittings. Dutron's manufacturing plants are located at three places in India’s industrial state of Gujarat: Vatva in Ahmedabad, Bharuch and the state-of-the-art plant at Kheda. The company offers plastic products for all types of piping applications in several markets such as -- civil – irrigation, drainage, sewer and gardening industries – chemicals, effluents, air and food utilities – water, gas, cable ducting building – soil, waste & rain water (SWR), Plumbing.

Products & Services Offered:

Braided hose which includes braided hose pipes, spray/CW power/rock dill dose, transparent (high pressureair/pneumatic) hose, gas weild hose, super car washing hose, water hose/garden Hose

HDPE pipe sysytem includes HDPE  fittings, HDPE pipe system, HDPE/ MDPE//Pp pipes.

Suction and delivery hose includes duct hose, M.D green , oil hose, heavy-duty hose, non-toxic, suction and delivery hose pipes

Other products includes flat/Kisan hose

Awards & Achievements:-

Dutron’s presence in the international markets of many Gulf countries including UAE, Saudi Arabia, Muscat, Qatar, Bahrain, Kuwait and also in Indonesia, Sri Lanka and several countries in Africa speaks of its level of product quality and services. Dutron’s dealers in India are spread across almost every town throughout the country. The company has received several export awards from PLEXCONCIL of India in the past. It has achieved ISO 9001:2000 certification and is a BSE listed public company since 1994.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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