Mewar Polytex Ltd - Stock Valuation and Financial Performance

Name: Mewar Polytex
Brand: Mewar Polytex

BSE: 531236 | NSE: | Plastic Products | Small Cap

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Mewar Polytex stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

6.82

Market Cap:

22.9 Cr.

52-wk low:

52-wk high:

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10 Year X-Ray of Mewar Polytex:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	TTM
ROCE % ⓘ	4.1%	10.1%	7.2%	8.2%	7.4%	7.1%	8.4%	5.7%	8.7%	14.4%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	20.8	23.5	22.7	24.6	29.5	36.6	44.6	49.4	55.6	68.2	64
Sales YoY Gr.	-	13%	-3.2%	8.4%	19.8%	24%	21.8%	10.8%	12.7%	22.5%	-
Adj EPS ⓘ	0.8	3	2.1	2.3	2	2.5	3.2	2.5	4.7	9.7	10.4
YoY Gr.	-	302.7%	-29.1%	8.4%	-12.5%	21.2%	30.1%	-20.6%	84.7%	107%	-
BVPS (₹) ⓘ	21.1	25.4	27.5	29.7	32	34.5	40.1	43.4	49.2	58.1	63
Adj Net Profit ⓘ	0.2	1	0.7	0.8	0.7	0.8	1	0.8	1.5	3.1	3
Cash Flow from Ops. ⓘ	1.8	0.8	3.5	2.8	-1.3	0.7	0.6	-1.4	4	5.5	-
Debt/CF from Ops. ⓘ	2.6	4.2	1.4	2.1	-5.2	14.3	9.2	-5.3	1.7	0.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	14.1%	18.2%	15.2%	22.5%
Adj EPS ⓘ	32.9%	36.8%	44.8%	107%
BVPSⓘ	11.9%	12.7%	13.2%	18.2%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	TTM
Return on Equity % ⓘ	3.6	13	8.1	8.1	6.6	7.4	8.6	6.1	10.1	18.1	17.2
Op. Profit Mgn % ⓘ	6.3	5.8	7.2	15.8	10.1	7.9	6.2	4.3	6.2	7.3	8.1
Net Profit Mgn % ⓘ	1.2	4.2	3	3	2.2	2.2	2.3	1.7	2.7	4.6	5.2
Debt to Equity ⓘ	0.7	0.4	0.5	0.6	0.7	0.9	0.4	0.5	0.4	0.3	0
Working Cap Days ⓘ	132	105	93	72	76	84	86	98	97	74	56
Cash Conv. Cycle ⓘ	83	81	72	49	55	65	67	72	66	56	20

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Mewar Polytex Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10.4	-
TTM Sales (₹ Cr.)	64.3	-
BVPS (₹.) ⓘ	63	-
Reserves (₹ Cr.) ⓘ	17	-
P/BV ⓘ	1.13	-
PE ⓘ	6.82	-

From the Market
52 Week Low / High (₹)	71.00 / 71.00
All Time Low / High (₹)	4.50 / 76.10
Market Cap (₹ Cr.)	22.9
Equity (₹ Cr.)	3.2
Face Value (₹)	10
Industry PE ⓘ	36.9

Management X-Ray of Mewar Polytex:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Mewar Polytex

Analyst's Notes

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Key Ratios of Mewar Polytex

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Sales	20.77	23.47	22.72	24.63	29.51	36.60	44.57	49.37	55.63	68.17
Operating Expenses ⓘ	19.47	22.10	21.09	20.79	26.55	33.72	41.80	47.40	52.16	63.52
Manufacturing Costs	3.23	3.31	2.61	3.37	3.80	4.69	6.19	6.14	6.94	8.77
Material Costs	14.11	16.71	16.24	15.12	20.23	25.28	30.33	35.98	39.09	47.68
Employee Cost	0.54	0.73	1	1.01	1.34	1.78	2.20	2.11	1.99	2.74
Other Costs ⓘ	1.58	1.36	1.23	1.29	1.18	1.96	3.07	3.17	4.14	4.33
Operating Profit ⓘ	1.30	1.37	1.63	3.84	2.97	2.87	2.78	1.97	3.47	4.64
Operating Profit Margin (%)	6.3%	5.8%	7.2%	15.6%	10.0%	7.9%	6.2%	4.0%	6.2%	6.8%
Other Income ⓘ	0.06	0.67	0.21	0.09	0.21	0.29	0.44	0.41	0.73	1.71
Interest ⓘ	0.32	0.25	0.30	0.64	0.78	0.84	0.91	0.44	0.57	0.29
Depreciation ⓘ	0.65	0.45	0.53	2.12	1.33	1.17	0.97	0.89	1.13	1.25
Exceptional Items ⓘ	0	0	0	0	0	0.01	0.87	0.48	0.26	-0.22
Profit Before Tax ⓘ	0.38	1.34	1	1.17	1.07	1.17	2.20	1.52	2.76	4.60
Tax ⓘ	0.14	0.36	0.31	0.46	0.33	0.37	0.40	0.46	0.87	1.71
Profit After Tax	0.24	0.98	0.69	0.71	0.74	0.80	1.80	1.07	1.89	2.89
PAT Margin (%)	1.2%	4.2%	3.0%	2.9%	2.5%	2.2%	4.0%	2.2%	3.4%	4.2%
Adjusted EPS (₹)	0.7	3.0	2.1	2.2	2.3	2.5	5.6	3.3	5.8	8.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Equity and Liabilities
Shareholders Fund	6.82	8.21	8.89	9.59	10.34	11.14	12.94	14.01	15.89	18.77
Share Capital ⓘ	3.23	3.23	3.23	3.23	3.23	3.23	3.23	3.23	3.23	3.23
Reserves ⓘ	3.59	4.98	5.66	6.36	7.11	7.91	9.71	10.78	12.66	15.54
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	4.57	3.26	4.76	5.82	6.69	10.15	4.79	6.64	6.14	4.16
Long Term Debt	4.57	3.26	4.76	5.82	3.18	5.43	1.06	1.26	0.71	0.35
Short Term Debt	0	0	0	0	3.50	4.71	3.73	5.38	5.43	3.81
Trade Payables	0.37	0.30	0.10	0.06	0.02	0.61	0	0.90	0.19	0.32
Others Liabilities ⓘ	0.94	0.71	0.74	1.09	0.46	0.48	0.84	0.93	5.99	5.49
Total Liabilities ⓘ	12.70	12.47	14.49	16.56	17.50	22.38	18.57	22.48	28.21	28.74
Fixed Assets
Gross Block	9.09	10.17	11.66	11.23	10.96	13.04	12.05	13.22	13.88	20.96
Accumulated Depreciation	5.36	5.67	6	5.02	5.99	7.09	7.98	7.41	8.47	7.50
Net Fixed Assetsⓘ	3.72	4.49	5.66	6.21	4.97	5.95	4.07	5.81	5.41	13.46
CWIP ⓘ	0.12	0	0	0	0.85	2.22	0	0	3.46	0
Investmentsⓘ	0.41	0.05	1.46	4.08	3.19	3.19	1.54	0	0	0
Inventories	1.93	3.67	1.67	2.20	3.77	3.79	5.29	4.03	2.11	2.64
Trade Receivables	3.69	2.65	2.02	1.17	2.35	4.51	4.22	7.84	8.24	9.59
Cash Equivalents	1.27	0.55	2.46	0.97	0.84	0.88	0.98	0.74	4.56	0.94
Others Assetsⓘ	1.55	1.07	1.22	1.93	1.53	1.85	2.47	4.06	4.43	2.11
Total Assets ⓘ	12.70	12.47	14.49	16.56	17.50	22.38	18.57	22.48	28.21	28.74

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Cash Flow From Operating Activity ⓘ	1.78	0.78	3.47	2.81	-1.33	0.73	0.56	-1.37	4	5.53
PBT ⓘ	0.38	1.34	1	1.17	1.07	1.17	2.20	1.53	2.76	4.60
Adjustment ⓘ	0.97	0.10	0.76	2.75	1.92	1.81	0.84	0.52	1.46	1.41
Changes in Working Capital ⓘ	0.88	-0.11	2.25	-0.07	-3.27	-1.76	-1.98	-3.11	0.77	1.29
Tax Paid ⓘ	-0.14	-0.36	-0.31	-0.46	-0.32	-0.49	-0.51	-0.31	-1	-1.77
Cash Flow From Investing Activity ⓘ	-0.68	-0.18	-3.12	-5.36	0.08	-3.32	5.81	-0.30	-3.96	-5.72
Capex	-0.68	-1.07	-1.72	-2.73	-0.92	-3.50	3.50	-2.59	-4.10	-5.84
Net Investments	0	0.89	-1.41	-2.63	1.01	0	2.15	2.01	0	0
Others ⓘ	0	0	0	0	0	0.18	0.17	0.27	0.13	0.12
Cash Flow From Financing Activityⓘ	-0.51	-1.32	1.56	1.05	1.11	2.63	-6.27	1.41	3.78	-3.43
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0.72	-1.09	1.77	2.04	-0.16	2.25	-4.38	0.20	-0.55	-0.36
Interest Paid ⓘ	0	0	0	0	0	-0.83	-0.91	-0.44	-0.57	-0.29
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-1.22	-0.23	-0.21	-0.98	1.27	1.21	-0.98	1.65	4.90	-2.78
Net Cash Flow ⓘ	0.60	-0.72	1.92	-1.49	-0.13	0.04	0.10	-0.26	3.82	-3.62

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Ratios
ROE (%)	3.58	12.99	8.09	7.64	7.45	7.49	14.97	7.93	12.62	16.65
ROCE (%)	6.15	13.88	10.39	12.42	11.33	10.35	15.73	9.97	15.18	21.01
Asset Turnover Ratio	1.66	2.01	1.8	1.66	1.83	1.93	2.28	2.52	2.28	2.53
PAT to CFO Conversion(x)	7.42	0.8	5.03	3.96	-1.8	0.91	0.31	-1.28	2.12	1.91
Working Capital Days
Receivable Days	57	46	35	23	21	33	34	43	51	45
Inventory Days	31	40	40	27	35	36	35	33	19	12
Payable Days	8	7	4	2	1	5	4	5	5	2

Mewar Polytex Ltd Stock News

Mewar Polytex Ltd FAQs

What is the share price of Mewar Polytex?

Company share prices are keep on changing according to the market conditions. The closing price of Mewar Polytex on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Mewar Polytex?

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 01-Jan-1970 05:30 the market cap of Mewar Polytex stood at ₹22.93.

What is the P/E ratio of Mewar Polytex?

The latest P/E ratio of Mewar Polytex as of 01-Jan-1970 05:30 is 6.82.

What is the P/B ratio of Mewar Polytex?

The latest P/B ratio of Mewar Polytex as of 01-Jan-1970 05:30 is 1.13.

What is the 52-week high and low of Mewar Polytex?

The 52-week high of Mewar Polytex is ₹71.00 and the 52-week low is ₹71.00.

What is the TTM revenue of Mewar Polytex?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mewar Polytex is ₹64.33 ( Cr.) .

About Mewar Polytex Ltd

Mewar Polytex (MPL) was originally incorporated on May 9, 1979 as a private company with registrar of companies (ROC), Rajasthan, at Jaipur and subsequently converted into public company in terms of the resolution passed at the extra-ordinary general meeting (EGM) of the company held on June 30, 1994 under section 31 and other relevant provisions of the act. A fresh certificate of incorporation dated September 8, 1994 was issued by the ROC, Rajasthan at Jaipur.

The company was promoted by B H Bafna for manufacturing light weight polypropylene bags for packing soap stone, chemicals and minerals during a period when high-density polyethylene (HDPE) bags were predominantly used. The company commenced its commercial production in the year 1980 with a capacity of 200 mt per annum which was enhanced to 300 mt in the year 1985. With the addition of circular looms in the year 1990 the capacity installed was 350 mt per annum. This also led to a better capacity utilization and manufacturing of quality products. The company has now embarked upon an expansion programme which will enhance the installed capacity to 1970 mt per annum.

The project is in a very advanced stage of implementation. The main equipments comprising of extruder and 16 looms have arrived at the factory site and have been erected. The company has already commenced its commercial production with effect from 27.3.95. The balance equipments such as 16 looms, DG set and some of the miscellaneous fixed assets will be delivered shortly.

The registered office of the company is located at 207(A), Mewar Industrial Area, Road No 11, Madri, Udaipur-313003, Rajasthan.

Business area of the company

The company is engaged in the manufacture of coated and uncoated high-density polyethylene (HDPE) and polypropylene (PP) woven fabric and sacks.