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BSE: 0 | NSE: PURVFLEXI | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Purv Flexipack Ltd is a below average quality company.
The key valuation ratios of Purv Flexipack Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Purv Flexipack 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'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 4% | 4.2% | 6.1% | - |
| Value Creation Index ⓘ | -0.7 | -0.7 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 102 | 171 | 157 | 157 |
| Sales YoY Gr. | - | 67.3% | -8.2% | - |
| Adj EPS ⓘ | 1.1 | 1 | 2.2 | 2.6 |
| YoY Gr. | - | -6.3% | 108.7% | - |
| BVPS (₹) ⓘ | 37.2 | 40.1 | 44 | 52.9 |
| Adj Net Profit ⓘ | 1.6 | 1.5 | 3.1 | 6 |
| Cash Flow from Ops. ⓘ | -2 | -3.2 | 7.4 | - |
| Debt/CF from Ops. ⓘ | -21.6 | -14.3 | 7.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | -8.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | 108.7% | ||||
| BVPSⓘ | NA | NA | NA | 9.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 3 | 2.7 | 5.2 | 5.4 |
| Op. Profit Mgn % ⓘ | 3 | 2.1 | 3.7 | NAN |
| Net Profit Mgn % ⓘ | 1.5 | 0.9 | 2 | 3.5 |
| Debt to Equity ⓘ | 0.8 | 0.8 | 0.9 | - |
| Working Cap Days ⓘ | 0 | 192 | 234 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 119 | 139 | 0 |
Return on Equity has increased versus last 3 years average to 5.40%
Debt to equity has declined versus last 3 years average to 0.86
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.6 | 3.9 |
| TTM Sales (₹ Cr.) | 157 | 333 |
| BVPS (₹.) ⓘ | 52.9 | 10 |
| Reserves (₹ Cr.) ⓘ | 90 | - |
| P/BV ⓘ | 4.29 | 22.70 |
| PE ⓘ | 86.20 | 57.64 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 476 |
| Equity (₹ Cr.) | 21 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 37.3 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Sales | 102 | 171 | 157 |
| Operating Expenses ⓘ | 99 | 168 | 152 |
| Manufacturing Costs | 0 | 0 | 0 |
| Material Costs | 90 | 157 | 143 |
| Employee Cost | 2 | 3 | 2 |
| Other Costs ⓘ | 7 | 9 | 7 |
| Operating Profit ⓘ | 3 | 3 | 5 |
| Operating Profit Margin (%) | 3.0% | 1.6% | 3.5% |
| Other Income ⓘ | 5 | 6 | 7 |
| Interest ⓘ | 3 | 4 | 5 |
| Depreciation ⓘ | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 5 | 7 |
| Tax ⓘ | 1 | 1 | 1 |
| Profit After Tax | 3 | 4 | 6 |
| PAT Margin (%) | 3.2% | 2.4% | 3.5% |
| Adjusted EPS (₹) | 2.3 | 2.9 | 3.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 53 | 57 | 62 | |||||||
| Share Capital ⓘ | 14 | 14 | 14 | |||||||
| Reserves ⓘ | 38 | 43 | 48 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 42 | 43 | 51 | |||||||
| Long Term Debt | 8 | 8 | 8 | |||||||
| Short Term Debt | 34 | 34 | 43 | |||||||
| Trade Payables | 13 | 10 | 18 | |||||||
| Others Liabilities ⓘ | 6 | 6 | 6 | |||||||
| Total Liabilities ⓘ | 113 | 115 | 136 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 6 | 6 | 6 | |||||||
| Accumulated Depreciation | 2 | 2 | 2 | |||||||
| Net Fixed Assetsⓘ | 4 | 4 | 4 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 12 | 15 | 13 | |||||||
| Inventories | 16 | 18 | 16 | |||||||
| Trade Receivables | 49 | 52 | 63 | |||||||
| Cash Equivalents | 0 | 0 | 0 | |||||||
| Others Assetsⓘ | 32 | 25 | 40 | |||||||
| Total Assets ⓘ | 113 | 115 | 136 | |||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2 | -3 | 7 |
| PBT ⓘ | 4 | 5 | 7 |
| Adjustment ⓘ | -1 | 3 | 3 |
| Changes in Working Capital ⓘ | -5 | -10 | -1 |
| Tax Paid ⓘ | -1 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | 8 | 5 | -10 |
| Capex | 0 | 0 | 0 |
| Net Investments | 1 | -3 | 2 |
| Others ⓘ | 7 | 9 | -12 |
| Cash Flow From Financing Activityⓘ | -7 | -2 | 3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 3 | 1 | -1 |
| Interest Paid ⓘ | -3 | -4 | -5 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | -7 | 1 | 8 |
| Net Cash Flow ⓘ | 0 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.25 | 7.42 | 9.3 | |||||||
| ROCE (%) | 7.76 | 8.57 | 11.1 | |||||||
| Asset Turnover Ratio | 0.9 | 1.5 | 1.25 | |||||||
| PAT to CFO Conversion(x) | -0.67 | -0.75 | 1.17 | Working Capital Days | ||||||
| Receivable Days | 174 | 108 | 134 | |||||||
| Inventory Days | 58 | 37 | 40 | |||||||
| Payable Days | 54 | 28 | 36 | |||||||
The company was incorporated as a private limited company under the provisions of Companies Act, 1956, pursuant to a certificate of incorporation dated May 11, 2005, issued by the RoC, West Bengal. Subsequently, the company was converted into a public limited company under the provisions of Companies Act, 2013, pursuant to the approval accorded by its Shareholders at their extra-ordinary general meeting held on February 02, 2023. Consequently, the name of the company was changed to “Purv Flexipack Limited” and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to the company by the RoC, West Bengal on August 03, 2023. The registered office of the company is situated at Annapurna Apartment, Suit 1C, 23 Sarat Bose Road, Kolkata, West Bengal, India.
Purv Flexipack is primarily engaged in the distribution of various plastic-based products such as Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. In addition, the company is a Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited for their polymer division. It is dealer of various companies for distribution of plastic based products. In addition to distribution business in the plastic-based products, it has one subsidiary company namely Cool Caps Industries Limited, an NSE SME Listed company and four Step down wholly owned subsidiary companies namely Purv Technoplast Private Limited, Purv Packaging Private Limited, Purv Ecoplast Private Limited and Re.act Waste Tech Private Limited.
The company is the flagship company of “Purv Group” which started its operations in the year 1994 under the proprietorship firm named SR Enterprises. Having decades of experience in the flexible packaging industry, the company extends packaging solutions across various industries. The company is managed by its promoter and director, Rajeev Goenka. He holds a Bachelor of Commerce (Honors) degree from St. Xavier's College, Kolkata (W.B.) and has completed the Cost Accountancy course from the Institute of Cost and Works Accountants of India. With his extensive knowledge and experience, he excels in troubleshooting various mechanical issues and staying updated with technological insights. Rajeev Goenka has played a pivotal role in the growth of its business. He laid the foundation of the company and has been actively involved in the plastic products industry for the past 30 years.
The company offers various packaging solutions to a diverse customer base. It has its own warehouse for storage and inventory management. The warehouse is equipped with modern facilities and equipment to ensure the safe and secure storage of its products. It is maintained under optimal conditions to preserve the quality and integrity of its products, and it has implemented strict inventory management systems to ensure accurate tracking of its inventory.
Business area of the company
Purv Flexipack distributes plastic products, including BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. The company provides various packaging solutions for a diverse customer base.
Key Award
Key events and major milestones
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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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