PBM Polytex Ltd Stock Analysis

BSE: 514087 | NSE: | Textile - Spinning | Small Cap

BSE Share Price Jan 17, 18:01
185.15 -2.65 (-1.41%)

DeciZen - Make an Informed Decision on PBM Polytex

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

10 Year X-Ray:

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 2.8%15.1%16.9%9.8%6.2%7.5%5.9%5.3%1.2%2.6%-
Value Creation Index -0.80.10.2-0.3-0.6-0.5-0.6-0.6-0.9-0.8-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 220217232217192179197211171154234
YoY Gr. Rt. %--1.1%6.9%-6.6%-11.3%-7.1%10.2%7.2%-19.1%-9.8%-
Adj EPS 0.81722.111.46.59.88.17.21.33.230.1
YoY Gr. Rt. %-1967.1%30.3%-48.5%-43%51.2%-17.9%-10.9%-81.7%147.3%-
BVPS (₹) 77.391.6112.9117.9122.6130.4136.5138.4148.6153.5172.4
Adj Net Profit 0.713.8189.35.386.65.80.92.221
Cash Flow from Ops. 30.4-8.22931.915.7-1.14.122.62.4-1.9-
Debt/CF from Ops. 1.1-610.70.8-13.81.90.70.1-0.1-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -3.9%-4.4%-7.9%-9.8%
Adj EPS 16.5%-13%-26.2%147.3%
BVPS 7.94.643.3
Share Price 22.5% 18.6% 33.4% 228%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 1.120.121.69.95.47.865.20.82.218.5
Op. Profit Mgn % 4.81414.99.67.66.24.25.81.7412.3
Net Profit Mgn % 0.36.37.74.32.74.53.32.80.51.58.9
Debt to Equity 0.50.70.30.20.10.20.10.1000
Working Cap Days 112112119110108125122105124162111
Cash Conv. Cycle 8488998882971028910013787

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.50%

Sales growth is good in last 4 quarters at 104.95%

Sales growth has been subdued in last 3 years -7.86%

Net Profit has been subdued in last 3 years -26.17%

Latest Financials - PBM Polytex Ltd.

Standalone Consolidated
TTM EPS (₹) 30.1 29.6
TTM Sales (₹ Cr.) 234 234
BVPS (₹.) 172.4 169.7
Reserves (₹ Cr.) 112 110
P/BV 1.07 1.08
PE 6.15 6.21
From the Market
52 Week Low / High (₹) 44.05 / 199.00
All Time Low / High (₹) 3.05 / 199.00
Market Cap (₹ Cr.) 127
Equity (₹ Cr.) 6.9
Face Value (₹) 10
Industry PE 20.5

Management X-Ray:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About PBM Polytex Ltd

PBM Polytex was incorporated  on November 24, 1919 under the name and style of 'The Petlad Bulakhidas Mills Co. Ltd.'. The management of the Company was taken over by 'The House of Patodia's in 1978 and the name of the Company was changed to PBM Polytex. Subsequent to the takeover, extensive modernization of the mills was effected. Company's factory building were repaired and additional buildings constructed. Plant & Machinery were gradually replaced with latest machinery through fifteen major modernization programs during the past twenty years.

The Company has installed indigenous as well as imported machinery sourced from world class manufacturers like Lakshmi Machine Works Ltd. Coimbatore, Luwa Switzerland, Vouk Italy, Schlafhorst Germany, Zellweger Uster Switzerland and Murata Japan.

The Company has also diversified into texturising and twisting of filament yarn and set up texturising and twisting capacity division at Silvassa in the Union Territory of Dadara and Nagar Haveli.

In their quest for perfection and also to meet the ever-increasing demands they commissioned their second plant in 1992, PBM Unit # 2, i.e. BLP Super Spinners. The company's plant, spread out over sprawling 20 acres at the Boregaon in Chhindwara district in Madhya Pradesh near Nagpur, is one of the most sophisticated in its class in the country.

Product range of the company includes:

PBM manufactures a wide range of products from Ne 24’s to Ne 80’s, both single and TFO doubled yarns from as many as 25 raw material mixes. Besides Indigenous raw cotton like DCH 32, MCU 5, Shankar 6 and MECH.

Its specially selected imported varieties includes Egyptian Giza, USA Pima, USA SJV, Israel Pima, Peruvian PIMA, Sudan VS, Californian Acala SJV, Colombia, Acala, Australian, Central American SJV, West African and Turkish.

Achievements/ recognition:

  • ISO 9001 certification
  • Certificate of Appreciation for Export Achievement
  • Awards by TEXPROCIL
Read More Read Less