Polychem

₹3190 41.1 | 1.3%

WEBSITE BSE:506605 NSE : POLYCHEM 18 May, 12:50

Market Cap ₹129 Cr.

Stock P/E 17.9

P/B 3.1

Current Price ₹3190

Book Value ₹ 1019.8

Face Value 10

52W High ₹3340

Dividend Yield 0.94%

52W Low ₹ 1052.5

Edit Ratio

Polychem Research see more...

Overview Inc. Year: 1955Industry: Chemicals

Polychem Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Polychem Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	9	11	14	14	12	11	14	12	13	15
Other Income	0	0	0	4	0	2	1	0	0	1
Total Income	9	11	14	17	13	13	14	12	14	15
Total Expenditure	9	10	13	12	10	10	12	10	11	12
Operating Profit	0	1	1	5	3	3	3	2	3	3
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	1	1	5	2	2	2	2	2	3
Provision for Tax	-0	-0	0	0	0	0	0	0	0	0
Profit After Tax	0	1	1	5	2	2	2	2	2	3
Adjustments	-0	-0	-0	-2	-0	-1	-0	-0	-0	-0
Profit After Adjustments	-0	1	1	3	2	1	2	2	2	2
Adjusted Earnings Per Share	-4.4	13.8	23.1	71.5	38.4	37	39.7	37.4	43.1	58.1

Polychem Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	13	27	31	42	37	25	36	51	54
Other Income	1	1	0	1	1	1	1	6	2
Total Income	14	28	31	42	38	26	37	57	55
Total Expenditure	13	27	30	36	33	24	35	45	45
Operating Profit	1	1	1	6	5	2	2	11	11
Interest	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	1	1	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	1	1	6	4	1	1	11	9
Provision for Tax	0	-0	0	0	1	-0	-0	1	0
Profit After Tax	0	1	1	6	4	1	1	10	9
Adjustments	0	0	-0	-2	-1	-0	-0	-2	0
Profit After Adjustments	0	1	0	4	3	1	1	7	8
Adjusted Earnings Per Share	8.4	19.9	5.7	89.7	75.9	20.5	12.5	178.9	178.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	42%	11%	10%	0%
Operating Profit CAGR	450%	30%	62%	0%
PAT CAGR	900%	36%	58%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	146%	88%	53%	27%
ROE Average	31%	13%	17%	12%
ROCE Average	34%	14%	18%	13%

Polychem Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	15	19	19	22	25	26	28	35
Minority's Interest	0	-3	-3	-1	-0	0	1	3
Borrowings	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	-0	0	0	0	1	0	0	1
Total Current Liabilities	1	6	7	6	7	7	4	5
Total Liabilities	16	21	22	28	32	33	33	43
Fixed Assets	1	2	2	3	4	3	3	4
Other Non-Current Assets	3	4	4	8	9	11	10	19
Total Current Assets	13	15	16	17	20	19	21	20
Total Assets	16	21	22	28	32	33	33	43

Polychem Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	2	1	3	4	1
Cash Flow from Operating Activities	0	0	4	6	1	-2	5
Cash Flow from Investing Activities	-0	0	-4	-4	1	-1	-4
Cash Flow from Financing Activities	-0	-0	-0	-0	-1	-0	-0
Net Cash Inflow / Outflow	-0	0	-1	2	1	-3	1
Closing Cash & Cash Equivalent	1	2	1	3	4	1	2

Polychem Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	8.4	19.94	5.68	89.72	75.9	20.48	12.53	178.91
CEPS(Rs)	14.16	26.77	20.26	159.43	107.12	49.92	38.48	257.82
DPS(Rs)	2.5	2.5	0	2.5	12.5	0	3	20
Book NAV/Share(Rs)	377.36	460.12	462.4	551.05	622.22	631.71	690.81	863.62
Core EBITDA Margin(%)	-2.09	-0.04	1.67	14.11	10.77	2.65	1.97	11.41
EBIT Margin(%)	3.27	2.23	1.82	14.74	11.9	5.47	2.34	20.86
Pre Tax Margin(%)	3.25	2.08	1.8	14.74	11.8	5.15	2.15	20.55
PAT Margin (%)	2.38	2.76	1.69	14.73	9.9	5.21	2.43	18.83
Cash Profit Margin (%)	4.01	3.8	2.62	15.5	11.81	8.19	4.34	20.33
ROA(%)	2.08	4.15	2.4	24.56	12.14	3.93	2.63	25.26
ROE(%)	2.23	4.64	2.83	29.9	15.3	5.07	3.26	30.73
ROCE(%)	3.06	3.76	3.04	29.92	18.4	5.32	3.13	34.04
Receivable days	60.5	49.62	73.94	69.46	80.89	110.67	86.78	62.7
Inventory Days	59.16	49.45	60.95	43.14	45.36	65.26	50.24	45.84
Payable days	37.86	27.35	38.41	25.17	19.61	35.09	27.28	19.2
PER(x)	46.73	20.54	62.15	3.49	3.6	25.59	46.2	5.16
Price/Book(x)	1.04	0.89	0.76	0.57	0.44	0.83	0.84	1.07
Dividend Yield(%)	0.64	0.61	0	0.8	4.58	0	0.52	2.17
EV/Net Sales(x)	1.05	0.51	0.36	0.26	0.12	0.6	0.54	0.66
EV/Core EBITDA(x)	19.04	14.51	12.92	1.7	0.85	7.09	12.74	2.96
Net Sales Growth(%)	0	111.33	15.18	35.08	-11.81	-32.78	45.3	43.2
EBIT Growth(%)	0	36.15	-10.76	979.59	-28.81	-69.1	-37.94	1178.38
PAT Growth(%)	0	131.22	-32.9	1061.99	-40.75	-64.62	-32.1	1007.69
EPS Growth(%)	0	137.23	-71.53	1480.68	-15.4	-73.02	-38.81	1327.87
Debt/Equity(x)	0	0	0	0	0	0	0	0
Current Ratio(x)	10.68	2.41	2.41	2.86	3.01	2.85	4.63	4.34
Quick Ratio(x)	8.74	1.55	1.66	2.03	2.36	2.19	3.42	2.73
Interest Cover(x)	133.4	14.55	96.15	0	123.51	17.27	12.78	66.72
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0

Polychem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	52.09	52.09	52.09	52.09	52.09	52.09	52.09	52.09	52.09	52.09
FII	0	0	0	0	0	0	0	0	0	0
DII	3.25	3.25	3.08	2.98	2.98	2.98	2.98	2.98	2.98	2.98
Public	44.66	44.66	44.83	44.93	44.93	44.93	44.93	44.93	44.93	44.93
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	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Others	0	0	0	0	0	0	0	0	0	0
Total	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04

Pros

Company has delivered good profit growth of 58% CAGR over last 5 years
Debtor days have improved from 27.28 to 19.2days.
Company is almost debt free.

Cons

Company has a low return on equity of 13% over the last 3 years.
Stock is trading at 3.1 times its book value.

* 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.