Polychem Ltd

Polychem Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Polychem Ltd

₹ 2,263 10.00%
22 Nov 4:00 p.m.
polychemltd.com BSE: 506605
About

Incorporated in 1956, Polychem Ltd is
in the business of manufacturing of specialty chemicals and property development[1]

Key Points

Product Profile:[1]
a) Polystyren:[2]
Cross Linked Polystyrene is a co-polymer
of Styrene & Di Vinyl Benzene which is used
in investment casting, corrosive and marine paints, pharmaceutical formulations, etc.
b) LMPS:[3]
LMPS is a low molecular weight homopolymer of Styrene. It finds applications in precision casting, printing inks, SMC & DMC compounds, microcellular soles & Hawai chappals, PVC extrusion compounds, etc.
c) Acrylate-C:[4]
It is a copolymer of Styrene & Ethyl Acrylate used in Concrete curing & sealing, waterproofing compounds, metal coating formulations, etc.
d) SBA PC - 30 / 50:[5]
It is an emulsion of an Acrylic Co-polymer
used as an additive for modifying cement
mortar /concrete

Website BSE
  • Market Cap ₹ 90.5 Cr.
  • Current Price ₹ 2,263
  • High / Low ₹ 3,725 / 1,950
  • Stock P/E 16.8
  • Book Value ₹ 1,051
  • Dividend Yield 1.32 %
  • ROCE 22.7 %
  • ROE 18.9 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 17.1%
  • Debtor days have improved from 70.1 to 54.8 days.

Cons

  • Company has a low return on equity of 12.1% over last 3 years.
  • Earnings include an other income of Rs.2.31 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
8.25 8.76 11.12 14.10 13.63 12.38 11.13 13.72 12.04 13.27 14.85 13.19 7.41
8.78 8.65 10.35 12.87 12.23 10.22 10.27 11.72 10.09 11.09 12.22 11.06 7.93
Operating Profit -0.53 0.11 0.77 1.23 1.40 2.16 0.86 2.00 1.95 2.18 2.63 2.13 -0.52
OPM % -6.42% 1.26% 6.92% 8.72% 10.27% 17.45% 7.73% 14.58% 16.20% 16.43% 17.71% 16.15% -7.02%
0.34 0.15 0.06 0.07 3.55 0.38 1.72 0.52 0.38 0.49 0.57 0.55 0.70
Interest 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.03 0.04 0.04 0.04 0.04 0.04
Depreciation 0.17 0.17 0.17 0.15 0.16 0.19 0.26 0.24 0.26 0.26 0.26 0.22 0.26
Profit before tax -0.37 0.08 0.64 1.13 4.77 2.33 2.30 2.25 2.03 2.37 2.90 2.42 -0.12
Tax % 0.00% -12.50% -14.06% 4.42% 5.24% 19.31% 6.09% 14.22% 18.23% 18.99% 7.59% 28.10% 66.67%
-0.37 0.08 0.72 1.08 4.52 1.89 2.16 1.93 1.66 1.92 2.68 1.74 -0.20
EPS in Rs -3.71 -4.46 13.86 23.02 71.53 38.37 36.88 39.60 37.38 43.07 58.17 37.38 -11.39
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
12.63 26.70 30.75 41.54 36.64 24.63 35.78 51.24 53.87 48.72
12.93 26.58 30.23 35.52 32.69 23.98 35.08 45.39 45.10 42.30
Operating Profit -0.30 0.12 0.52 6.02 3.95 0.65 0.70 5.85 8.77 6.42
OPM % -2.38% 0.45% 1.69% 14.49% 10.78% 2.64% 1.96% 11.42% 16.28% 13.18%
1.00 0.81 0.34 0.43 1.12 1.43 0.82 5.61 1.96 2.31
Interest 0.00 0.04 0.01 0.00 0.04 0.08 0.07 0.16 0.16 0.16
Depreciation 0.23 0.30 0.29 0.32 0.70 0.73 0.68 0.77 1.02 1.00
Profit before tax 0.47 0.59 0.56 6.13 4.33 1.27 0.77 10.53 9.55 7.57
Tax % 27.66% -32.20% 7.14% 0.00% 16.17% -1.57% -12.99% 8.36% 14.24%
0.34 0.79 0.53 6.12 3.63 1.29 0.87 9.65 8.19 6.14
EPS in Rs 8.42 20.05 5.69 89.60 75.99 20.54 12.62 178.96 178.22 127.23
Dividend Payout % 29.41% 12.35% 0.00% 2.76% 16.29% 0.00% 23.53% 11.07% 16.67%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 30%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 105%
TTM: -12%
Stock Price CAGR
10 Years: 13%
5 Years: 46%
3 Years: 61%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 12%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
Reserves 14.84 18.18 18.28 21.86 24.73 25.12 27.50 34.49 40.80 42.08
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.81 1.63 0.23
1.20 3.05 3.78 5.35 7.24 7.72 5.45 7.89 8.38 9.90
Total Liabilities 16.44 21.63 22.46 27.61 32.37 33.24 33.35 43.59 51.21 52.61
0.54 2.20 2.23 2.66 3.56 3.10 2.57 3.63 4.12 3.91
CWIP 0.00 0.00 0.00 0.08 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.19 2.90 3.06 7.43 8.12 10.13 9.38 19.02 22.51 26.52
13.71 16.53 17.17 17.44 20.69 20.01 21.40 20.94 24.58 22.18
Total Assets 16.44 21.63 22.46 27.61 32.37 33.24 33.35 43.59 51.21 52.61

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.02 0.28 3.64 5.88 1.36 -2.20 5.28 6.37
0.00 -0.01 0.27 -4.20 -3.61 0.56 -0.87 -3.81 -3.10
0.00 -0.10 -0.11 0.00 -0.41 -0.82 -0.29 -0.44 -1.12
Net Cash Flow 0.00 -0.09 0.45 -0.56 1.87 1.10 -3.36 1.03 2.16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68.20 73.55 86.41 74.95 76.81 107.14 99.87 55.70 54.81
Inventory Days 120.45 118.31 95.57 73.00 79.36 119.71 93.97 96.05 93.01
Days Payable 38.06 38.78 43.13 15.70 20.21 40.79 27.70 18.16 17.85
Cash Conversion Cycle 150.59 153.08 138.85 132.25 135.95 186.06 166.14 133.59 129.98
Working Capital Days 259.81 80.11 75.49 79.52 62.06 92.18 126.19 87.26 87.47
ROCE % 5.00% 3.72% 33.88% 18.75% 5.30% 2.94% 17.60% 22.67%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
52.09% 52.09% 52.09% 52.09% 52.09% 52.09% 52.09% 52.09% 52.09% 52.09% 52.09% 52.09%
3.25% 3.25% 3.08% 2.99% 2.99% 2.99% 2.99% 2.99% 2.99% 2.99% 2.99% 2.99%
44.66% 44.66% 44.83% 44.91% 44.93% 44.94% 44.92% 44.93% 44.91% 44.93% 44.92% 44.93%
No. of Shareholders 9,7969,7389,7116,0075,9675,9316,0215,8395,8885,8995,9886,063

* 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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Documents

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