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PBM Polytex Ltd. Stock Analysis

Small Cap
Evaluated by 163 users | BSE: 514087 | NSE: |
Textile - Spinning
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,...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 15.4%2.84%15.1%16.88%9.75%6.19%7.49%5.9%5.29%1.18%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 193220217232217192179197211171
Y-o-Y Gr. Rt.-13.7%-1.1%6.9%-6.6%-11.3%-7.1%10.2%7.2%-19.1%
Adjusted EPS (Rs.) 18.230.8216.9522.0811.386.499.818.057.171.31
Y-o-Y Gr. Rt.--95.5%1967.1%30.3%-48.5%-43%51.2%-17.9%-10.9%-81.7%
Book Value per Share (Rs.) 78.2577.2991.56112.87117.9122.6130.39136.52138.39148.57
Adjusted Net Profit 14.80.713.8189.35.386.65.80.9
Net Op. Cash Flow (Rs. Cr.) 9.830.4-8.22931.915.7-1.14.122.62.4
Debt to Cash Flow from Ops 5.891.1-5.980.950.660.79-13.751.860.670.11
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.
PBM Polytex Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -1.4%-4.7%-1.5%-19.1%
Adjusted EPS -25.4%-35.1%-48.9%-81.7%
Book Value per Share 7.44.74.57.4
Share Price 6.4% -17.7% -31.1% -9.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 26.191.0520.0821.69.865.47.756.035.210.84
Operating Profit Margin (%) 17.44.813.9714.949.587.566.194.225.811.66
Net Profit Margin (%) 7.670.36.347.734.272.744.463.332.760.53
Debt to Equity 0.910.530.660.30.220.120.150.070.130
Working Capital Days 135112112119110108125122105124
Cash Conversion Cycle 10684889988829710289100
Entity Percentage Holding
Promoters 69.85%
Non-Institutions 30.14%
Pledged *0.000.000.000.000.00100.00100.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of PBM Polytex Ltd.'s performance infers:

PBM Polytex Ltd. earnings have declined by -35.1%, whereas share price has depreciated -17.7% 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 PBM Polytex Ltd. share prices over the last 10 years. Here is what we found out:

PBM Polytex Ltd. share price has depreciated -3.4% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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