Gujarat Poly Electronics Ltd

Gujarat Poly Electronics Ltd

₹ 98.4 2.55%
22 Nov - close price
About

Incorporated in 1992, Gujarat POLY Electronics Ltd (GPEL) manufactures and trades Multilayer and Single-layer Ceramic Capacitors[1]

Key Points

Business Overview:[1][2]
Company manufactures Capacitors and Varistors. It deals in Active and Passive electronic components, specializing in Ceramic Capacitors both low & high voltage Single Layer (Disc) and Multilayer (MLCC) in Radial, Axial and SMD configurations. Company outsources these products through import suppliers and have also started marketing /trading other types of capacitors & Diodes for Diotec Semiconductors as a dealer

  • Market Cap 84.2 Cr.
  • Current Price 98.4
  • High / Low 146 / 57.1
  • Stock P/E 38.6
  • Book Value 12.1
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 26.3 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.0%

Cons

  • Stock is trading at 8.16 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.24%
  • The company has delivered a poor sales growth of -5.58% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.0.80 Cr.
  • Working capital days have increased from -9.12 days to 123 days

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

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
3.85 4.15 3.75 4.01 3.98 3.90 4.08 4.84 3.99 3.77 4.31 4.86 4.69
3.37 3.60 3.47 3.67 3.69 3.56 3.96 4.25 3.77 3.48 4.06 4.26 4.19
Operating Profit 0.48 0.55 0.28 0.34 0.29 0.34 0.12 0.59 0.22 0.29 0.25 0.60 0.50
OPM % 12.47% 13.25% 7.47% 8.48% 7.29% 8.72% 2.94% 12.19% 5.51% 7.69% 5.80% 12.35% 10.66%
0.07 0.06 0.01 0.05 2.85 0.11 1.43 0.19 0.16 0.16 0.21 0.21 0.22
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01
Depreciation 0.05 0.05 0.05 0.05 0.05 0.05 0.06 0.05 0.05 0.05 0.05 0.05 0.05
Profit before tax 0.50 0.56 0.24 0.34 3.09 0.40 1.49 0.72 0.32 0.39 0.40 0.75 0.66
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -80.00% 32.00% 15.15%
0.49 0.56 0.23 0.33 3.08 0.39 1.49 0.72 0.33 0.39 0.72 0.51 0.56
EPS in Rs 0.57 0.65 0.27 0.39 3.60 0.46 1.74 0.84 0.39 0.46 0.84 0.60 0.65
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
9.55 10.29 11.16 11.53 12.21 14.40 22.55 13.60 13.61 15.29 15.97 16.92 17.63
9.16 9.66 10.68 10.50 11.59 13.20 16.51 12.20 12.49 13.60 14.87 15.57 15.99
Operating Profit 0.39 0.63 0.48 1.03 0.62 1.20 6.04 1.40 1.12 1.69 1.10 1.35 1.64
OPM % 4.08% 6.12% 4.30% 8.93% 5.08% 8.33% 26.78% 10.29% 8.23% 11.05% 6.89% 7.98% 9.30%
-2.01 0.04 0.06 0.05 -0.01 0.08 -0.16 0.03 0.10 0.17 4.44 0.72 0.80
Interest 0.26 0.51 0.58 0.56 0.54 0.51 0.31 0.02 0.01 0.01 0.02 0.03 0.04
Depreciation 0.20 0.16 0.14 0.13 0.12 0.10 0.14 0.19 0.22 0.21 0.22 0.19 0.20
Profit before tax -2.08 0.00 -0.18 0.39 -0.05 0.67 5.43 1.22 0.99 1.64 5.30 1.85 2.20
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -17.30%
-2.08 0.00 -0.17 0.39 -0.04 0.67 5.42 1.22 0.99 1.63 5.30 2.16 2.18
EPS in Rs -2.43 0.00 -0.20 0.46 -0.05 0.78 6.34 1.43 1.16 1.91 6.20 2.53 2.55
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 5%
5 Years: -6%
3 Years: 8%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: -18%
3 Years: 26%
TTM: -26%
Stock Price CAGR
10 Years: 30%
5 Years: 68%
3 Years: 99%
1 Year: 41%
Return on Equity
10 Years: %
5 Years: %
3 Years: 36%
Last Year: 26%

Balance Sheet

Figures in Rs. Crores

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 8.55 8.55 8.55 8.55 8.55 8.55 8.55 8.55 8.55 8.55 8.55 8.55 8.55
Reserves -16.45 -16.44 -16.63 -16.24 -16.48 -15.80 -10.39 -9.22 -8.17 -6.58 -1.41 0.71 1.76
12.58 14.29 14.28 14.52 4.46 4.42 0.80 0.14 0.11 0.07 10.22 10.23 10.21
3.01 1.59 2.15 2.03 12.10 11.80 10.83 11.12 11.71 10.90 1.67 2.08 1.72
Total Liabilities 7.69 7.99 8.35 8.86 8.63 8.97 9.79 10.59 12.20 12.94 19.03 21.57 22.24
2.28 2.20 2.11 2.00 1.78 1.69 1.78 2.13 1.95 1.82 1.65 1.64 1.58
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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.03 9.92 10.30
5.41 5.79 6.24 6.86 6.85 7.28 8.01 8.46 10.25 11.12 9.35 10.01 10.36
Total Assets 7.69 7.99 8.35 8.86 8.63 8.97 9.79 10.59 12.20 12.94 19.03 21.57 22.24

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.23 0.19 0.36 1.11 0.15 1.13 4.59 3.01 0.55 0.91 0.79 2.40
-0.01 -0.07 -0.06 0.01 -0.01 -0.01 -0.70 -0.27 -0.24 -1.27 -0.78 -0.68
-0.29 -0.02 -0.28 -1.06 -0.27 -1.06 -3.93 -0.81 -0.01 -0.01 -0.07 -0.02
Net Cash Flow -0.07 0.10 0.03 0.06 -0.13 0.06 -0.05 1.93 0.30 -0.37 -0.06 1.70

Ratios

Figures in Rs. Crores

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 96.70 96.84 98.12 102.25 89.68 102.15 78.50 97.69 118.00 87.13 104.68 88.66
Inventory Days 168.46 160.75 151.20 144.82 148.65 116.59 72.88 92.72 103.42 117.49 108.89 97.56
Days Payable 68.56 48.34 49.87 74.38 37.05 39.14 2.96 12.66 33.18 1.57 4.30 28.65
Cash Conversion Cycle 196.60 209.24 199.45 172.69 201.28 179.60 148.42 177.75 188.24 203.05 209.27 157.57
Working Capital Days 89.05 144.37 132.46 149.42 -159.63 -118.37 -46.62 -124.80 -117.20 -83.79 -66.97 123.39
ROCE % 4.01% 9.21% 6.35% 14.27% 36.31% 130.43% 12.78% 10.20%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.80% 59.25% 58.91% 58.06% 53.99% 53.99% 53.99% 53.99% 53.99% 53.99% 53.33% 52.09%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
40.18% 40.74% 41.07% 41.91% 46.00% 45.99% 45.99% 45.99% 46.00% 45.99% 46.65% 47.89%
No. of Shareholders 22,55222,90922,82422,89423,49123,58723,82723,80924,12324,04324,69124,514

* 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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