Midland Polymers Ltd

Midland Polymers Ltd

₹ 23.9 -4.97%
03 Mar 2015
About

Midland Polymers is engaged in manufactures monaxially oriented polypropylene films. The Company offers films for tear tapes, silicon-covered movies, convey handles, labels and names, organic product marks, and embellishing stars and bows.

  • Market Cap Cr.
  • Current Price 23.9
  • High / Low /
  • Stock P/E
  • Book Value -0.14
  • Dividend Yield 0.00 %
  • ROCE -5.53 %
  • ROE -7.44 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 5.66%
  • Company has a low return on equity of -2.37% over last 3 years.
  • Company has high debtors of 2,798 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: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.00 0.00
0.03 0.03 0.03 0.07 0.07 0.25 0.01 0.03 0.43 0.03 0.03 0.09 0.03
Operating Profit -0.03 -0.03 -0.03 -0.07 -0.07 -0.25 -0.01 -0.03 -0.43 -0.03 0.03 -0.09 -0.03
OPM % 50.00%
0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 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
Depreciation 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
Profit before tax -0.02 -0.02 -0.02 -0.07 -0.07 -0.25 -0.01 -0.03 -0.43 -0.03 0.03 -0.09 -0.03
Tax % 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%
-0.02 -0.02 -0.03 -0.07 -0.07 -0.25 -0.01 -0.03 -0.43 -0.03 0.03 -0.09 -0.03
EPS in Rs -0.00 -0.00 -0.00 -0.01 -0.01 -0.02 -0.00 -0.00 -0.03 -0.00 0.00 -0.01 -0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.29 0.00 0.00 0.00 0.00 0.00 0.00 0.36 0.00 0.00 0.00 0.06 0.06
0.06 0.05 0.19 0.41 0.28 0.20 0.20 0.26 0.12 0.14 0.29 0.53 0.18
Operating Profit 0.23 -0.05 -0.19 -0.41 -0.28 -0.20 -0.20 0.10 -0.12 -0.14 -0.29 -0.47 -0.12
OPM % 79.31% 27.78% -783.33% -200.00%
0.33 0.03 0.37 0.87 0.40 0.10 0.30 0.00 0.20 0.05 0.00 0.01 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.01 0.02 0.02 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.56 -0.02 0.17 0.44 0.10 -0.11 0.09 0.07 0.08 -0.09 -0.29 -0.46 -0.12
Tax % 0.00% 0.00% 17.65% 11.36% -60.00% -9.09% 11.11% 0.00% 25.00% -11.11% 0.00% 0.00%
0.56 -0.02 0.14 0.39 0.17 -0.11 0.08 0.07 0.06 -0.08 -0.29 -0.46 -0.12
EPS in Rs 0.07 -0.00 0.01 0.03 0.01 -0.01 0.01 0.01 0.00 -0.01 -0.02 -0.03 -0.01
Dividend Payout % 0.00% 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 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 83%
Stock Price CAGR
10 Years: -4%
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: -2%
Last Year: -7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3.93 3.93 6.79 13.59 13.59 13.59 13.59 13.59 13.59 13.59 13.59 0.67 0.67
Reserves -1.96 -1.98 6.88 0.48 0.65 0.54 0.62 0.90 0.96 0.88 0.60 -2.50 -2.62
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.00 2.00 2.29 2.38
0.01 0.01 0.15 3.58 2.41 2.55 2.56 2.56 2.98 0.89 0.41 0.02 0.00
Total Liabilities 1.98 1.96 13.82 17.65 16.65 16.68 16.77 17.05 17.53 17.36 16.60 0.48 0.43
0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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 0.06 0.30 0.06 3.66 3.90 7.94 6.94 11.57 11.01 11.01 11.01 0.00 0.40
1.92 1.66 13.75 13.98 12.74 8.74 9.83 5.48 6.52 6.35 5.59 0.48 0.03
Total Assets 1.98 1.96 13.82 17.65 16.65 16.68 16.77 17.05 17.53 17.36 16.60 0.48 0.43

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.10 -0.32 -12.09 2.40 -0.90 3.18 -1.69 0.01 1.55
0.00 -0.23 0.60 -2.39 0.92 -3.21 1.65 0.00 11.00
0.45 0.00 11.53 0.00 0.00 0.00 0.00 0.00 -12.55
Net Cash Flow 0.55 -0.55 0.04 0.01 0.02 -0.04 -0.04 0.01 -0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 62.93 0.00 2,798.33
Inventory Days
Days Payable
Cash Conversion Cycle 62.93 0.00 2,798.33
Working Capital Days 1,346.72 5,251.94 2,737.50
ROCE % 33.14% -1.02% 2.18% 3.17% 0.71% 0.42% 0.78% 0.55% -0.58% -1.78% -5.53%

Shareholding Pattern

Numbers in percentages

Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
9.03% 9.03% 9.03% 9.03% 9.03% 9.03% 9.03% 9.03% 5.66% 5.66% 5.66% 5.66%
90.97% 90.97% 90.97% 90.97% 90.97% 90.97% 90.98% 90.98% 94.34% 94.34% 94.34% 94.35%
No. of Shareholders 875859856875875773769767596596596484

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