Deep Polymers

₹87.2 0.1 | 0.1%

WEBSITE BSE:541778 NSE : DEEP 10 May, 16:01

Market Cap ₹211 Cr.

Stock P/E 23.4

P/B 2.5

Current Price ₹87.2

Book Value ₹ 34.8

Face Value 10

52W High ₹119.5

Dividend Yield 0%

52W Low ₹ 80

Edit Ratio

Deep Polymers Research see more...

Overview Inc. Year: 2005Industry: Chemicals

Deep Polymers Ltd manufactures and sells filler masterbatches and components in India. The company offers a number of antifab fillers, together with white, herbal, coloured tinge, and fantastic brightener fillers, as well as method modifiers. Its products are used in PP/PE/HDPE/LDPE/LLDPE woven sacks and moulding commercial applications. Deep Polymers Ltd was founded in 2004 and is based in Gandhinagar, India.

Deep Polymers Share Price

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Peer Comparison

Deep Polymers Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	43	36	35	36	29	27	28	30	26	23
Other Income	0	0	0	0	1	0	1	0	0	1
Total Income	43	36	35	36	30	28	29	30	27	24
Total Expenditure	39	32	30	31	26	24	24	28	24	19
Operating Profit	4	4	5	5	3	3	5	3	3	5
Interest	0	0	1	1	1	0	1	0	0	0
Depreciation	0	0	1	1	0	1	0	0	0	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	4	4	4	4	3	3	4	2	2	4
Provision for Tax	1	1	1	1	0	1	1	-0	1	1
Profit After Tax	3	3	3	3	2	2	3	2	1	3
Adjustments	0	0	0	-0	0	0	0	0	-0	0
Profit After Adjustments	3	3	3	3	2	2	3	2	1	3
Adjusted Earnings Per Share	1.5	1.3	1.3	1.2	0.9	1	1.2	0.8	0.5	1.2

Deep Polymers Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	35	40	36	42	40	40	33	40	138	120	107
Other Income	0	1	0	0	1	2	1	1	2	2	2
Total Income	35	41	36	43	41	43	34	40	139	122	110
Total Expenditure	33	38	35	39	37	37	31	37	119	105	95
Operating Profit	2	3	1	4	4	6	3	3	20	18	16
Interest	1	1	1	1	1	0	0	0	3	2	1
Depreciation	1	1	1	1	1	1	0	0	2	2	1
Exceptional Income / Expenses	0	0	-0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	1	-0	2	3	5	2	2	15	13	12
Provision for Tax	-0	0	-0	1	1	1	1	1	4	4	3
Profit After Tax	-0	1	-0	1	2	3	2	2	11	9	9
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-0	1	-0	1	2	3	2	2	11	9	9
Adjusted Earnings Per Share	-0.3	0.7	-0.2	0.7	1.2	1.6	0.7	0.9	4.8	4	3.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-13%	54%	25%	0%
Operating Profit CAGR	-10%	82%	35%	0%
PAT CAGR	-18%	65%	35%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-9%	32%	23%	NA%
ROE Average	15%	16%	14%	9%
ROCE Average	14%	17%	15%	11%

Deep Polymers Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	9	10	14	16	18	24	25	27	58	67
Minority's Interest	0	0	0	0	0	0	0	0	0	0
Borrowings	7	6	1	4	4	2	0	0	47	51
Other Non-Current Liabilities	-0	0	-0	-0	-0	-0	0	0	0	0
Total Current Liabilities	10	13	12	13	9	5	2	4	10	14
Total Liabilities	26	29	28	32	31	31	28	32	115	133
Fixed Assets	7	6	5	4	4	3	3	3	13	27
Other Non-Current Assets	3	4	4	4	4	1	1	6	21	22
Total Current Assets	15	19	19	24	23	27	24	23	81	84
Total Assets	26	29	28	32	31	31	28	32	115	133

Deep Polymers Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0	0	0	0	0	0	1	3
Cash Flow from Operating Activities	1	2	-1	-3	1	-6	-0	2	-3	13
Cash Flow from Investing Activities	0	-0	-0	-0	-0	1	-1	-1	-12	-14
Cash Flow from Financing Activities	-1	-2	2	3	-0	5	1	-0	16	-0
Net Cash Inflow / Outflow	-0	0	0	-0	0	0	-0	1	2	-1
Closing Cash & Cash Equivalent	0	0	0	0	0	0	0	1	3	2

Deep Polymers Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-0.33	0.66	-0.18	0.71	1.16	1.62	0.73	0.88	4.82	4.04
CEPS(Rs)	0.78	1.71	0.3	1.15	1.51	1.91	0.95	1.08	5.74	4.91
DPS(Rs)	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	8.52	9.18	7.84	8.55	9.74	11.56	12.26	13.14	25.11	29.21
Core EBITDA Margin(%)	4.2	5.75	2.86	7.58	7.19	8.78	5.85	5.83	13.37	12.94
EBIT Margin(%)	1.02	4.79	0.72	6.38	8.78	12.55	7.69	6.17	13.02	12.9
Pre Tax Margin(%)	-1.47	2.41	-1.36	4.61	7.26	11.35	6.38	6.09	11.12	11.08
PAT Margin (%)	-1.04	1.66	-0.99	3.01	5.3	8.35	4.61	4.59	8.07	7.72
Cash Profit Margin (%)	2.38	4.45	1.56	4.96	7	9.79	5.97	5.63	9.6	9.39
ROA(%)	-1.41	2.47	-1.25	4.25	6.6	10.82	5.13	6.1	15.12	7.49
ROE(%)	-4.03	7.21	-2.94	8.49	12.53	16.1	6.13	6.91	26.11	14.86
ROCE(%)	1.78	9.89	1.26	11.48	12.95	17.68	9.08	9.11	27.08	13.91
Receivable days	89.85	103.32	133.21	115.46	162.52	183.71	218.43	170.64	83.97	115.79
Inventory Days	43.08	28.74	31.84	45.9	41.33	32.88	51.88	34.31	31.81	81
Payable days	66.74	74.57	90.99	67.76	52.68	25.56	17.01	27.13	18.62	32.26
PER(x)	0	0	0	0	0	18.03	68.92	40.32	35.83	21.4
Price/Book(x)	0	0	0	0	0	2.53	4.1	2.69	6.88	2.96
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.33	0.25	0.22	0.26	0.51	1.62	3.2	1.82	3.21	2.06
EV/Core EBITDA(x)	7.4	3.34	6.6	3.07	4.91	11.6	35.36	25.24	22.09	14.14
Net Sales Growth(%)	0	16.59	-11.24	18.45	-6.33	1.58	-18.64	20.88	246.28	-12.5
EBIT Growth(%)	0	449.84	-86.69	951.82	28.94	45.18	-50.16	-3.05	631.16	-13.29
PAT Growth(%)	0	285.94	-152.81	461.54	64.68	60.07	-55.08	20.34	509.28	-16.35
EPS Growth(%)	0	302.45	-127.54	487.36	64.33	40.21	-55.08	20.33	449.58	-16.35
Debt/Equity(x)	1.21	1.01	0.49	0.64	0.58	0.21	0.04	0	0.82	0.76
Current Ratio(x)	1.53	1.49	1.56	1.81	2.48	5.84	10.05	5.39	7.88	5.83
Quick Ratio(x)	1.12	1.31	1.23	1.3	2.23	4.78	8.25	4.67	5.85	3.56
Interest Cover(x)	0.41	2.01	0.35	3.6	5.78	10.44	5.86	82.05	6.87	7.07
Total Debt/Mcap(x)	0	0	0	0	0	0.08	0.01	0	0.12	0.26

Deep Polymers Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.91	62.77	62.77	62.79	62.79	62.79	62.79	62.8	64.59	64.59
FII	0	0	0	0	0	0	0	0	0	0.03
DII	0	0	0	0	0	0	0	0	0	0
Public	32.09	37.23	37.23	37.21	37.21	37.21	37.21	37.19	35.41	35.37
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.81	1.45	1.45	1.45	1.45	1.45	1.45	1.45	1.56	1.56
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.38	0.86	0.86	0.86	0.86	0.86	0.86	0.86	0.86	0.86
Others	0	0	0	0	0	0	0	0	0	0
Total	1.19	2.3	2.3	2.3	2.3	2.3	2.3	2.3	2.42	2.42

Pros

Company has delivered good profit growth of 35% CAGR over last 5 years

Cons

Debtor days have increased from 18.62 to 32.26days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.