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 1.02
  • Dividend Yield 0.00 %
  • ROCE -1.99 %
  • ROE -2.29 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 23.5 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 5.66%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
0.00 0.00 0.00 3.48 3.48 3.48 3.48 0.00 0.00 0.00 0.00 0.00
0.03 0.03 0.03 3.54 3.54 3.54 3.54 0.12 0.08 0.08 0.01 0.03
Operating Profit -0.03 -0.03 -0.03 -0.06 -0.06 -0.06 -0.06 -0.12 -0.08 -0.08 -0.01 -0.03
OPM % -1.72% -1.72% -1.72% -1.72%
0.05 0.05 0.05 0.01 0.01 0.01 0.01 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
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
Profit before tax 0.02 0.02 0.02 -0.05 -0.05 -0.05 -0.05 -0.12 -0.08 -0.08 -0.01 -0.03
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -20.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.02 0.02 0.02 -0.05 -0.05 -0.05 -0.03 -0.12 -0.08 -0.08 -0.01 -0.03
EPS in Rs 0.00 0.00 0.00 -0.00 -0.00 -0.00 -0.00 -0.01 -0.01 -0.01 -0.00 -0.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 0.00 0.00 0.00 0.00 13.94 0.00 0.00
0.41 0.28 0.20 0.20 0.13 14.17 0.33 0.20
Operating Profit -0.41 -0.28 -0.20 -0.20 -0.13 -0.23 -0.33 -0.20
OPM % -1.65%
0.87 0.40 0.10 0.30 0.20 0.05 0.01 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.02 0.02 0.01 0.01 0.00 0.00 0.00 0.00
Profit before tax 0.44 0.10 -0.11 0.09 0.07 -0.18 -0.32 -0.20
Tax % 11.36% -60.00% -9.09% 11.11% 0.00% -11.11% 0.00%
0.39 0.17 -0.11 0.08 0.07 -0.17 -0.32 -0.20
EPS in Rs 0.03 0.01 -0.01 0.01 0.01 -0.01 -0.02 -0.02
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 20%
Stock Price CAGR
10 Years: -4%
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023
Equity Capital 13.59 13.59 13.59 13.59 13.59 13.59 13.59
Reserves 0.50 0.67 0.56 0.64 0.70 0.53 0.21
0.17 0.17 0.17 0.17 0.13 2.13 2.12
3.74 2.57 2.73 2.74 3.12 6.34 5.86
Total Liabilities 18.00 17.00 17.05 17.14 17.54 22.59 21.78
0.24 0.23 0.23 0.23 0.08 0.01 0.01
CWIP 0.00 0.00 0.30 0.95 0.95 0.95 0.95
Investments 0.06 0.30 4.34 3.34 7.97 7.41 7.41
17.70 16.47 12.18 12.62 8.54 14.22 13.41
Total Assets 18.00 17.00 17.05 17.14 17.54 22.59 21.78

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023
2.41 -0.90 3.18 -1.68
-2.39 0.93 -3.24 1.82
-0.01 -0.01 0.00 0.00
Net Cash Flow 0.01 0.02 -0.05 0.14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023
Debtor Days 132.75
Inventory Days 0.00
Days Payable
Cash Conversion Cycle 132.75
Working Capital Days 153.17
ROCE % 0.69% 0.41% 0.76% -1.17% -1.99%

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

Documents