Dutron Polymers Ltd

Dutron Polymers Ltd

₹ 169 -1.74%
22 Nov - close price
About

Incorporated in 1981, Dutron Polymers Ltd manufactures Plastic Pipes and Fittings[1]

Key Points

Journey[1]
Incorporated in 1981, Co. had a Production Technology license from Wavin Overseas, Netherlands for the manufacture of HDPE, PVC pipes till 2006

  • Market Cap 101 Cr.
  • Current Price 169
  • High / Low 233 / 136
  • Stock P/E 41.2
  • Book Value 47.1
  • Dividend Yield 0.89 %
  • ROCE 13.2 %
  • ROE 9.55 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 32.8%

Cons

  • Stock is trading at 3.59 times its book value
  • The company has delivered a poor sales growth of 2.31% over past five years.
  • Company has a low return on equity of 11.0% over last 3 years.

* 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: Plastic products Industry: Plastics Products

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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
26.37 33.70 35.72 44.35 27.15 32.38 28.02 36.25 27.30 29.92 25.78 33.76 19.54
25.03 32.54 34.52 41.90 26.31 31.37 26.47 33.99 26.34 28.79 25.13 31.42 18.73
Operating Profit 1.34 1.16 1.20 2.45 0.84 1.01 1.55 2.26 0.96 1.13 0.65 2.34 0.81
OPM % 5.08% 3.44% 3.36% 5.52% 3.09% 3.12% 5.53% 6.23% 3.52% 3.78% 2.52% 6.93% 4.15%
0.04 0.08 0.16 0.12 0.02 0.09 -0.08 0.09 0.08 0.09 0.27 0.13 0.09
Interest 0.23 0.26 0.30 0.35 0.33 0.28 0.28 0.26 0.26 0.20 0.12 0.18 0.16
Depreciation 0.29 0.29 0.32 0.28 0.28 0.29 0.31 0.28 0.28 0.28 0.28 0.28 0.30
Profit before tax 0.86 0.69 0.74 1.94 0.25 0.53 0.88 1.81 0.50 0.74 0.52 2.01 0.44
Tax % 29.07% 20.29% 6.76% 24.74% 80.00% 28.30% 20.45% 22.10% 22.00% 29.73% 76.92% 24.88% 25.00%
0.61 0.55 0.69 1.46 0.04 0.38 0.71 1.41 0.40 0.51 0.12 1.50 0.33
EPS in Rs 1.02 0.92 1.15 2.43 0.07 0.63 1.18 2.35 0.67 0.85 0.20 2.50 0.55
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
80 82 88 105 87 97 106 89 94 125 132 119 109
76 78 84 99 82 92 101 85 89 119 126 114 104
Operating Profit 4 4 4 5 6 5 5 5 5 5 6 5 5
OPM % 5% 5% 4% 5% 6% 5% 5% 5% 5% 4% 4% 4% 5%
0 0 1 0 0 0 1 1 0 0 0 1 1
Interest 1 1 1 1 1 2 2 2 1 1 1 1 1
Depreciation 1 1 1 1 2 1 1 1 1 1 1 1 1
Profit before tax 2 2 2 3 3 3 3 3 3 4 4 4 4
Tax % 37% 32% 31% 29% 33% 35% 26% 25% 24% 20% 28% 32%
1 1 2 2 2 2 2 2 2 3 3 2 2
EPS in Rs 1.92 2.08 2.82 3.27 3.05 3.03 3.50 3.28 3.80 4.83 4.30 4.08 4.10
Dividend Payout % 73% 67% 50% 43% 46% 46% 40% 37% 32% 29% 33% 37%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: 8%
TTM: -12%
Compounded Profit Growth
10 Years: 7%
5 Years: 7%
3 Years: 2%
TTM: -15%
Stock Price CAGR
10 Years: 18%
5 Years: 8%
3 Years: -6%
1 Year: 22%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 11%
Last Year: 10%

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 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 8 8 9 10 10 11 11 13 15 17 19 20 22
11 11 14 15 16 23 17 15 13 13 10 6 5
5 7 6 5 6 8 5 5 5 6 5 4 8
Total Liabilities 30 32 34 35 38 48 39 38 39 42 40 36 41
8 7 7 9 9 8 9 9 9 8 8 7 7
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 2 2 2 2 0 0 0 0 0
22 25 27 27 27 38 28 27 30 34 32 29 34
Total Assets 30 32 34 35 38 48 39 38 39 42 40 36 41

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
2 1 -1 4 3 -5 8 3 6 2 8 5
-0 -0 -0 -3 -2 -0 -1 -1 -1 -1 -0 -0
-2 -1 1 -1 -1 5 -7 -2 -3 -2 -7 -6
Net Cash Flow -0 0 0 -0 0 -0 0 0 3 -2 0 -1

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 42 39 57 42 40 85 46 42 45 54 31 36
Inventory Days 70 86 65 54 81 62 50 72 59 38 43 39
Days Payable 16 26 17 11 14 16 0 7 5 10 8 0
Cash Conversion Cycle 96 99 105 85 107 131 97 107 99 82 67 75
Working Capital Days 73 75 85 75 91 118 83 95 82 72 59 63
ROCE % 12% 12% 10% 14% 13% 12% 11% 11% 13% 13% 14% 13%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.83% 74.87% 74.88% 74.89% 74.89% 74.89% 74.89% 74.89% 74.89% 74.89% 74.89% 74.89%
25.17% 25.13% 25.12% 25.12% 25.12% 25.12% 25.12% 25.12% 25.13% 25.12% 25.13% 25.12%
No. of Shareholders 1,2881,3221,3931,4011,3901,3951,4481,4461,4751,4701,6361,446

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