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Biopac India Corporation Ltd. Stock Analysis

Small Cap
Evaluated by 117 users | BSE: 532330 | NSE: |
Plastic Products
Biopac India Corporation Ltd.,formerly a division of Pushpa Implex Private Ltd , started its manufacturing business in the year 1998. The company is listed on the Mumbai Stock Exchange and has a Paid-up Equity Capital of Rs.160 million (approx. $ 3.5 millions). A 30,000 sq.ft. ultra modern...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 5.23%8.26%2.75%2.86%6.64%4.91%5.55%6.03%1.38%-50.17%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 41.738.138.145.652.358.652.147.847.220.2
Y-o-Y Gr. Rt.--8.5%0%19.6%14.7%12%-11%-8.3%-1.2%-57.1%
Adjusted EPS (Rs.) 0.020.90.10.10.630.510.030.06-1.57-13.4
Y-o-Y Gr. Rt.-4400%-88.9%0%530%-19.1%-94.1%100%-2716.7%NA
Book Value per Share (Rs.) 9.3910.2910.3910.5111.1311.6411.6711.7310.16-3.24
Adjusted Net Profit 01.60.20.21.10.90.10.1-2.7-23.1
Net Op. Cash Flow (Rs. Cr.) 13.29.14.74.81.214.810.67.6-4.513
Debt to Cash Flow from Ops 0.820.580.412.5715.541.843.053.88-7.752.52
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.
Biopac India Corporation Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -7.7%-17.3%-27%-57.1%
Adjusted EPS -306.1%-284.3%-864.4%NA
Book Value per Share -188.9-178.1-165.2-131.9
Share Price -7% -21.4% -41.4% 43.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 0.29.180.970.985.794.460.250.49-14.3-387.41
Operating Profit Margin (%) 15.222.212.3911.3514.5812.6319.2821.0115.47-65.09
Net Profit Margin (%) 0.084.090.450.392.071.490.10.21-5.72-114.22
Debt to Equity 0.670.30.110.680.991.361.611.461.99-5.86
Working Capital Days 11161515475939384125231
Cash Conversion Cycle 51251811161072457131
Entity Percentage Holding
Promoters 49.65%
Non-Institutions 50.35%
Pledged *20.1420.1420.1420.140.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Biopac India Corpn.'s performance infers:

Biopac India Corpn. earnings have declined by -284.3%, whereas share price has depreciated -21.4% 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 Biopac India Corpn. share prices over the last 10 years. Here is what we found out:

Biopac India Corpn. share price has depreciated -13.7% annually over the past ten years.

Biopac India Corporation Ltd.,formerly a division of Pushpa Implex Private Ltd , started its manufacturing business in the year 1998. The company is listed on the Mumbai Stock Exchange and has a Paid-up Equity Capital of Rs.160 million (approx. $ 3.5 millions). A 30,000 sq.ft. ultra modern plant of the company is located at Silvassa which is approximately 170 kms. North West of Mumbai.

The company employs about 80 people who take care of various functions like production, sales,

Biopac India Corporation Ltd.,formerly a division of Pushpa Implex Private Ltd , started its manufacturing business in the year 1998. The company is listed on the Mumbai Stock Exchange and has a Paid-up Equity Capital of Rs.160 million (approx. $ 3.5 millions). A 30,000 sq.ft. ultra modern plant of the company is located at Silvassa which is approximately 170 kms. North West of Mumbai.

The company employs about 80 people who take care of various functions like production, sales, logistics, finance, accounts and administration. The company produces world class foam polystyrene products and plans to be a global player in this business.

The company has also moved into making general purpose polystyrene foam cups, bowls, plates and so on. This was intended to be a substitute for the present products in the market, which were only disposable plates made of paper and rigid plastic. The potential market for higher quality disposable plates and takeout containers appears to have been behind the foray.

The company came with a public issue in April 2000 with initial public offer of equity for 4,30,000 shares.

Product range of the company includes:Consumer Products:

  • Dinnerware
  • Plates
  • Soup Bowls
  • Serving Bowls
  • Serving Trays
  • Cups
  • Readymade Lunch Tray for dosa, mini meals, pao bhaji

Take Out Food Containers

  • Flat-Type Containers/Serving Bowls
  • Cup-type Containers
  • Box-type (hinged) & Tray Containers

Industrial Products:

Readymade conveyance and packaging for:

  • Poultry products (like egg trays, frozen chicken packing)
  • Orchard products (like apples, mangoes, oranges and strawberries)
  • Seafood export
  • Icecream, yoghurt, and shrikhand cups
  • Instant noodle packs, soup containers, Pre-cast moulds for PCC tiles

Customised Products (Biofoam Sheets)

  • Uncoated in thickness 1mm to 15mm.
  • Polystyrene coating on Top side in thickness 2mm to 5mm.
  • Polystyrene coating on Both sides in thickness 4mm to 8mm
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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