Polychem Ltd

₹ 2,005 -2.67%

25 Apr - close price

About

Incorporated in 1956, Polychem Ltd manufactures specialty chemicals and also does property development^[1]

Key Points

Business Overview:^[1]^[2]
The company's polymer division specializes in manufacture of Polymers & Co-Polymers from
Styrene, Di vinyl Benzene, Acrylic Acid and Acrylates through either suspension or emulsion polymerization routes. Apart from this, the company is also, in the business of property development, and manufacturing and trading of capacitors

Website BSE

Market Cap ₹ 80.2 Cr.
Current Price ₹ 2,005
High / Low ₹ 3,725 / 1,786
Stock P/E 16.9
Book Value ₹ 812
Dividend Yield 1.50 %
ROCE 26.2 %
ROE 20.7 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Debtor days have improved from 60.9 to 39.4 days.

Cons

Earnings include an other income of Rs.3.08 Cr.

* 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	4.59	7.35	10.08	9.65	8.48	7.03	8.86	8.02	9.48	10.52	8.32	2.71	6.33
	5.04	7.03	9.19	8.55	6.61	6.29	7.48	6.32	7.60	8.16	6.80	3.75	5.57
Operating Profit	-0.45	0.32	0.89	1.10	1.87	0.74	1.38	1.70	1.88	2.36	1.52	-1.04	0.76
OPM %	-9.80%	4.35%	8.83%	11.40%	22.05%	10.53%	15.58%	21.20%	19.83%	22.43%	18.27%	-38.38%	12.01%
	0.10	3.25	0.02	0.25	0.23	0.12	0.36	0.24	0.34	0.38	0.87	1.65	0.18
Interest	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.03	0.03
Depreciation	0.12	0.12	0.10	0.10	0.14	0.21	0.19	0.21	0.21	0.21	0.17	0.21	0.21
Profit before tax	-0.48	3.44	0.80	1.23	1.94	0.63	1.53	1.70	1.98	2.50	2.19	0.37	0.70
Tax %	-2.08%	-2.62%	6.25%	20.33%	23.20%	22.22%	20.92%	21.76%	22.73%	21.20%	19.63%	-5.41%	10.00%
	-0.48	3.52	0.75	0.98	1.49	0.50	1.21	1.33	1.53	1.96	1.76	0.39	0.64
EPS in Rs	-11.88	87.13	18.56	24.26	36.88	12.38	29.95	32.92	37.87	48.51	43.56	9.65	15.84
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	9.47	15.03	17.79	12.63	14.39	16.27	18.91	23.01	10.94	20.42	35.22	36.87	27.88
	10.81	14.40	16.73	12.93	14.99	17.00	18.90	20.08	11.37	20.63	30.39	29.49	24.28
Operating Profit	-1.34	0.63	1.06	-0.30	-0.60	-0.73	0.01	2.93	-0.43	-0.21	4.83	7.38	3.60
OPM %	-14.15%	4.19%	5.96%	-2.38%	-4.17%	-4.49%	0.05%	12.73%	-3.93%	-1.03%	13.71%	20.02%	12.91%
	1.04	1.04	0.72	1.08	1.45	0.83	0.87	0.72	1.29	3.87	0.46	1.28	3.08
Interest	0.02	0.04	0.00	0.00	0.04	0.01	0.00	0.03	0.07	0.05	0.14	0.13	0.12
Depreciation	0.11	0.14	0.30	0.23	0.18	0.19	0.18	0.51	0.51	0.47	0.55	0.82	0.80
Profit before tax	-0.43	1.49	1.48	0.55	0.63	-0.10	0.70	3.11	0.28	3.14	4.60	7.71	5.76
Tax %	9.30%	4.03%	35.81%	23.64%	-30.16%	40.00%	0.00%	22.51%	-7.14%	-3.18%	19.13%	21.66%
	-0.47	1.44	0.94	0.42	0.83	-0.14	0.70	2.41	0.29	3.23	3.72	6.04	4.75
EPS in Rs	-11.63	35.64	23.27	10.40	20.54	-3.47	17.33	59.65	7.18	79.95	92.08	149.50	117.56
Dividend Payout %	0.00%	0.00%	10.64%	23.81%	12.05%	0.00%	14.29%	20.75%	0.00%	3.72%	21.51%	19.87%

Compounded Sales Growth
10 Years:	9%
5 Years:	14%
3 Years:	50%
TTM:	-17%

Compounded Profit Growth
10 Years:	20%
5 Years:	54%
3 Years:	172%
TTM:	4%

Stock Price CAGR
10 Years:	16%
5 Years:	44%
3 Years:	45%
1 Year:	-24%

Return on Equity
10 Years:	9%
5 Years:	14%
3 Years:	17%
Last Year:	21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40
Reserves	13.51	14.95	15.77	16.07	17.13	16.85	17.53	19.77	19.58	22.77	26.31	31.48	32.39
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.41	1.22	0.19
	1.42	2.41	1.21	1.19	1.59	1.84	1.86	2.78	2.23	3.58	3.14	2.24	3.10
Total Liabilities	15.33	17.76	17.38	17.66	19.12	19.09	19.79	22.95	22.21	26.75	30.26	35.34	36.08
	0.50	0.69	0.64	0.54	0.42	0.54	0.97	1.42	1.14	0.75	1.98	2.48	2.33
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	4.88	1.44	3.44	3.33	4.05	4.23	8.59	9.28	11.30	14.88	16.49	18.09	21.73
	9.95	15.63	13.30	13.79	14.65	14.32	10.23	12.25	9.77	11.12	11.79	14.77	12.02
Total Assets	15.33	17.76	17.38	17.66	19.12	19.09	19.79	22.95	22.21	26.75	30.26	35.34	36.08

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-4.17	-4.32	1.85	0.41	-0.13	-0.85	-0.95	2.81	0.75	-2.31	4.49	3.97
	3.54	4.08	-1.52	0.24	0.27	1.35	0.43	-0.74	0.80	-0.44	-3.03	-2.41
	-0.02	-0.03	0.00	-0.10	-0.10	-0.11	0.00	-0.34	-0.76	-0.24	-0.37	-1.09
Net Cash Flow	-0.65	-0.27	0.33	0.55	0.04	0.38	-0.51	1.73	0.80	-2.99	1.08	0.46

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	90.19	97.62	45.96	68.20	60.37	72.69	71.03	64.56	94.42	109.75	33.47	39.40
Inventory Days	116.82	82.62	75.82	120.45	90.83	77.73	73.13	69.91	145.58	74.97	88.71	90.35
Days Payable	50.87	71.67	18.34	38.06	39.95	46.64	29.19	25.36	52.94	48.92	26.06	11.74
Cash Conversion Cycle	156.15	108.57	103.44	150.59	111.25	103.78	114.97	109.10	187.06	135.80	96.13	118.01
Working Capital Days	218.54	245.76	196.14	262.12	228.03	196.52	116.78	72.97	122.78	105.82	60.11	74.15
ROCE %	-7.77%	7.59%	9.39%	3.37%	4.00%	-0.46%	4.04%	16.64%	1.79%	14.60%	18.97%	26.17%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%
	3.08%	2.99%	2.99%	2.99%	2.99%	2.99%	2.99%	2.99%	2.99%	2.99%	2.99%	2.99%
	44.83%	44.91%	44.93%	44.94%	44.92%	44.93%	44.91%	44.93%	44.92%	44.93%	44.93%	44.92%
No. of Shareholders	9,711	6,007	5,967	5,931	6,021	5,839	5,888	5,899	5,988	6,063	5,835	5,792

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%	52.09%
	4.30%	4.30%	4.30%	4.30%	4.30%	3.25%	2.99%	2.99%	2.99%
	43.61%	43.61%	43.61%	43.61%	43.61%	44.66%	44.94%	44.93%	44.92%
No. of Shareholders	10,268	10,002	9,848	9,741	9,751	9,738	5,931	5,899	5,792

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Polychem Ltd

Polychem Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports