Polyspin Exports Ltd

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

Polyspin Exports Ltd

₹ 40.1 -0.91%
26 Dec - close price
polyspin.org BSE: 539354
About

Incorporated in 1972, Polyspin Exports Ltd manufactures FIBC products and OE Yarns

Key Points

Business Divisions:[1]
Company has 2 divisions viz., FIBC division which produces products such as FIBC bags, PP woven bags and Spinning division which produces open-ended yarn through 2400 rotors. Company’s products are primarily used in fertilizers, building materials, chemical and cement industries

Website BSE
  • Market Cap ₹ 40.1 Cr.
  • Current Price ₹ 40.1
  • High / Low ₹ 67.6 / 38.5
  • Stock P/E
  • Book Value ₹ 53.7
  • Dividend Yield 0.00 %
  • ROCE 0.29 %
  • ROE -6.34 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.75 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.52%
  • The company has delivered a poor sales growth of -0.94% over past five years.
  • Company has a low return on equity of 4.17% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2.77 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: 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
70.50 66.43 69.44 63.59 57.90 47.90 47.00 49.18 53.45 50.70 48.88 48.67 61.52
66.92 62.35 65.82 60.29 56.34 49.00 45.46 49.43 50.92 52.38 50.40 46.09 56.86
Operating Profit 3.58 4.08 3.62 3.30 1.56 -1.10 1.54 -0.25 2.53 -1.68 -1.52 2.58 4.66
OPM % 5.08% 6.14% 5.21% 5.19% 2.69% -2.30% 3.28% -0.51% 4.73% -3.31% -3.11% 5.30% 7.57%
1.57 2.09 1.75 0.99 0.94 0.60 -0.34 -0.06 1.12 0.80 1.18 0.26 0.53
Interest 1.01 1.75 0.73 0.90 0.57 0.86 0.79 0.97 0.88 1.06 1.01 0.97 1.38
Depreciation 0.93 1.03 0.96 0.99 0.70 0.68 0.67 0.70 0.78 0.82 0.87 0.87 1.05
Profit before tax 3.21 3.39 3.68 2.40 1.23 -2.04 -0.26 -1.98 1.99 -2.76 -2.22 1.00 2.76
Tax % 28.04% 28.32% 41.58% 27.92% 15.45% -26.96% 46.15% -2.02% 3.52% 3.26% -80.18% -53.00% 85.51%
2.32 2.42 2.15 1.74 1.04 -1.50 -0.37 -1.94 1.92 -2.85 -0.45 1.53 0.40
EPS in Rs 2.32 2.42 2.15 1.74 1.04 -1.50 -0.37 -1.94 1.92 -2.85 -0.45 1.53 0.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
82 119 144 136 155 181 212 166 235 277 208 202 210
76 109 132 125 143 165 195 156 218 260 204 203 206
Operating Profit 7 11 12 10 13 15 17 10 16 17 4 -0 4
OPM % 8% 9% 8% 8% 8% 9% 8% 6% 7% 6% 2% -0% 2%
0 0 0 1 0 0 2 6 4 6 3 3 3
Interest 4 4 5 4 5 5 6 5 6 5 4 4 4
Depreciation 2 2 2 2 3 3 3 4 4 4 3 3 4
Profit before tax 2 5 5 4 5 8 11 7 11 13 1 -5 -1
Tax % 34% 31% 35% 35% 37% 34% 33% 29% 31% 32% 32% -33%
1 3 3 3 3 5 7 5 8 9 1 -3 -1
EPS in Rs 1.01 3.15 3.34 2.91 3.17 5.02 7.31 5.27 7.50 9.00 0.91 -3.32 -1.37
Dividend Payout % 40% 15% 14% 16% 15% 10% 7% 5% 8% 7% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: -1%
3 Years: -5%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -220%
Stock Price CAGR
10 Years: %
5 Years: 7%
3 Years: -16%
1 Year: -21%
Return on Equity
10 Years: 13%
5 Years: 8%
3 Years: 4%
Last Year: -6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 4 4 4 4 4 4 4 4 5 5 5 5 5
Reserves 6 8 11 14 17 22 29 34 41 49 48 46 49
38 43 37 50 49 53 61 61 79 78 70 75 87
8 9 14 21 24 25 26 19 23 22 32 26 29
Total Liabilities 55 65 66 88 95 104 120 118 148 155 155 152 169
23 26 27 38 40 38 38 45 46 43 43 37 52
CWIP 2 0 0 2 0 0 7 2 0 0 7 16 0
Investments 1 1 1 1 1 1 1 1 1 1 1 1 1
29 38 39 48 54 65 75 70 101 110 105 99 117
Total Assets 55 65 66 88 95 104 120 118 148 155 155 152 169

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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 1 10 0 4 3 15 11 -9 13 11 8
-7 -5 -3 0 -3 -2 -15 -10 -1 -0 -8 -8
8 5 -7 0 -1 -0 1 -3 13 -6 -12 1
Net Cash Flow 1 1 1 0 -0 0 1 -2 2 6 -9 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 33 46 35 38 42 50 36 53 40 53 57 53
Inventory Days 72 61 56 84 84 84 76 94 123 64 147 117
Days Payable 18 11 25 50 59 54 45 38 27 18 64 53
Cash Conversion Cycle 87 96 66 71 67 79 68 109 136 100 139 117
Working Capital Days 87 81 47 57 54 68 59 82 103 92 113 118
ROCE % 12% 17% 19% 15% 15% 17% 20% 13% 15% 14% 5% 0%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
48.17% 48.37% 48.37% 48.38% 48.46% 48.46% 47.93% 47.83% 47.83% 47.80% 47.96% 47.44%
51.83% 51.63% 51.63% 51.62% 51.53% 51.54% 52.09% 52.19% 52.18% 52.22% 52.05% 52.57%
No. of Shareholders 4,2884,2494,2384,2514,1454,1214,0353,9734,0724,1594,1014,116

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