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SPP Polymer Ltd (SPPPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SPPPOLY Packaging | Small Cap | SPP Polymer Share Price

BSE Share Price
Not Listed

SPP Polymer Ltd (SPPPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SPPPOLY Packaging | Small Cap | SPP Polymer Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹20 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹-2.7
TTM Sales
₹111 Cr.
Book Value per Share
₹33.2
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
20.7
Price to Book (P/B)
0.39
Lower than its 5-year historical median
Price to Sales (P/S)
0.18
Lower than its 5-year historical median
EV/EBITDA
203.39
Higher than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
2.95%
Underperforms industry median
Return on Capital Employed (ROCE)
7.01%
Underperforms industry median
Return on Assets (ROA)
1.49%
Operating Profit Margin
5.5%
Net Profit Margin
1.05%
Gross Profit Margin
5.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.23%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-3.24%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
8.65%
Asset Quality
Promoter Holding
67.08%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹36 Cr.
Equity
₹15.4 Cr.
Face Value
₹10
All Time Low / High
- / -

SPP Polymer stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is SPP Polymer Ltd a good quality company?
SPP Polymer Ltd is a quality company, based on a 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.

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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.

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How does SPP Polymer Ltd performance compare with that of its Peers?
Q.1 Revenue growth of SPP Polymer Ltd vs industry peers?
SPP Polymer Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 1.27%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of SPP Polymer Ltd?
Promoters hold 67.08% of the SPP Polymer Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of SPP Polymer Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -27.22% based on the current price.
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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.
SPP Polymer Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ9.6%4%5.4%9.1%7%-
Value Creation
Index ⓘ		-0.3-0.7-0.6-0.4-0.5-

Growth Parameters ⓘ
Sales ⓘ65.580.366.191.8108111
Sales YoY Gr.-22.5%-17.7%38.9%17.2%-
Adj EPS ⓘ1.20.30.50.90.7-2.7
YoY Gr.--79%84.6%79.2%-15.1%-
BVPS (₹) ⓘ16.11821.722.533.233.2
Adj Net
Profit ⓘ		1.10.30.511.1-4
Cash Flow from Ops. ⓘ4.5-6.53.86.3-9.8-
Debt/CF from Ops. ⓘ1.1-25.83-0.8-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA10.2%17.2%
Adj EPS ⓘNANA41.1%-15.1%
BVPSⓘNANA22.8%47.4%
Share Price - - - -25.8%

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		7.71.72.53.93-8.1
Op. Profit
Mgn % ⓘ		3.61.94.16.75.6NAN
Net Profit
Mgn % ⓘ		1.60.40.81.11.1-3.8
Debt to
Equity ⓘ		0.30.60.90.80.2-
Working Cap
Days ⓘ		0921421441750
Cash Conv.
Cycle ⓘ		0637554700

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales65.5480.2866.0591.75107.56
Operating Expenses ⓘ + 63.1778.7463.3785.58101.59
Manufacturing Costs3.443.713.356.797.89
Material Costs50.6465.0252.3169.5679.29
Employee Cost 4.315.344.465.359.43
Other Costs ⓘ 4.784.673.263.884.98
Operating Profit ⓘ 2.371.542.686.175.97
Operating Profit Margin (%) 3.6%1.9%4.1%6.7%5.5%
Other Income ⓘ + 0.380.500.732.061.34
Exceptional Items ⓘ 00000
Interest ⓘ 0.510.611.112.701.66
Depreciation ⓘ 0.961.031.274.113.69
Profit Before Tax ⓘ 1.290.411.021.431.96
Tax ⓘ 0.220.130.480.390.83
Profit After Tax 1.070.280.541.041.13
PAT Margin (%) 1.6%0.4%0.8%1.1%1.1%
Adjusted EPS (₹)1.20.30.50.90.7
Dividend Payout Ratio (%)0%0%0%0%68.40%

Valuation of SPP Polymer - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 13.9519.7224.3425.3351.11
Share Capital ⓘ 2.162.752.8111.2415.39
Reserves ⓘ 11.7916.9721.5314.0935.72
Debt +4.769.8220.5317.367.65
Long Term Debt0.490.4010.978.480.26
Short Term Debt4.269.429.568.887.39
Minority Interest00000
Trade Payables1.724.215.9423.7018.69
Others Liabilities ⓘ 1.564.053.264.232.89
Total Liabilities ⓘ 21.9837.8054.0670.6280.33

Fixed Assets

Net Fixed Assets ⓘ +6.016.7727.0224.1822.71
Gross Block24.7326.5148.0349.1851.40
Accumulated Depreciation18.7219.7421.012528.69
CWIP ⓘ 04.340.120.270.65
Investments ⓘ 00000
Inventories3.969.4210.2224.6128.92
Trade Receivables9.7210.227.8314.1216.24
Cash Equivalents 0.891.240.810.080.02
Others Assets ⓘ 1.405.808.077.3611.79
Total Assets ⓘ 21.9837.8054.0670.6280.33

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 4.48-6.473.806.28-9.83
PBT ⓘ 1.290.411.021.431.96
Adjustment ⓘ 1.081.431.806.685.20
Changes in Working Capital ⓘ 2.37-7.971.17-1.62-16.59
Tax Paid ⓘ -0.26-0.35-0.19-0.21-0.40
Cash Flow From Investing Activity ⓘ + -0.40-5.92-16.73-1.83-4.84
Capex -0.74-6.12-17.31-1.34-2.60
Net Investments 00000
Others ⓘ 0.340.200.58-0.49-2.24
Cash Flow From Financing Activity ⓘ + -3.8812.7512.49-5.1914.61
Net Proceeds from Shares ⓘ 05.494.07024.49
Net Proceeds from Borrowing ⓘ 0.49-0.0910.57-2.49-8.22
Interest Paid ⓘ -0.51-0.61-1.11-2.70-1.66
Dividend Paid ⓘ 00000
Others ⓘ -3.877.96-1.0400
Net Cash Flow ⓘ 0.200.36-0.43-0.73-0.06

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.671.662.474.192.95
ROCE (%)9.583.985.419.097.01
Asset Turnover Ratio2.982.691.441.471.43
PAT to CFO Conversion(x)4.19-23.117.046.04-8.7
Working Capital Days
Receivable Days54.1045.3049.9043.7051.50
Inventory Days22.1030.4054.3069.3090.80
Payable Days12.4016.6035.4077.8097.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

SPP Polymer Ltd FAQs

The current trading price of SPP Polymer 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 SPP Polymer stood at ₹20.16 Cr

The latest P/E ratio of SPP Polymer as of 31-Dec-1969 is 0.00.

The latest P/B ratio of SPP Polymer as of 31-Dec-1969 is 0.39.

The 52-week high of SPP Polymer is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SPP Polymer is ₹111 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that SPP Polymer Ltd is a below average quality company.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SPP Polymer Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About SPP Polymer Ltd

SPP Polymer Limited was originally incorporated dated August 27, 2004 as ‘S.P.P. Food Products Private Limited’ as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 27, 2004, issued by the Registrar of Companies, N.C.T. of Delhi & Haryana. The name of the company was changed to ‘SPP Polymer Private Limited’. Consequent upon change of name a fresh Certificate of Incorporation dated May 12, 2023 was issued by Registrar of Companies, Delhi. Subsequently the company was converted from a private limited company to public limited company by resolution passed in the Extra-Ordinary General Meeting of the company dated August 24, 2023 and consequently, the name of the company was changed to ‘SPP Polymer Limited’ and a fresh certificate of incorporation dated September 20, 2023 was issued to the company by the Registrar of Companies, Delhi.

SPP Polymer is an ISO 9001:2015 certified company engaged in the business of manufacturing of High Density Polyethylene (HDPE)/ Polypropylene (PP) woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. The company offers packaging solutions to Business to Business (B2B) manufacturers catering to different industries such as cements, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities. The company’s manufacturing facility employs an extensive and stringent quality control mechanism at each stage of the process to ensure that its finished product conforms to the exact requirement of its customers. The company’s infrastructure and team of experts also allow it to provide a comprehensive range to its clients as per their needs and requirements. The company also provides customized solutions as per the specifications detailed by its clients. It is also ISO 45001: 2018 and SA 8000:2014 certified occupational health & safety management system and environment management system.

Business area of the company

The company is primarily engaged into the business of manufacturing and trading of HDPE/PP Woven Fabric & Bags.

Products of the company

  • HDPE/ PP woven fabric
  • HDPE/PP woven bags
  • Non-woven fabric
  • PP Multifilament yarn

History and milestones 

  • 2024-25: Shifting of Registered office within city

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