Polyspin Exports Ltd

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

Polyspin Exports Ltd

₹ 40.1 -0.94%
26 Dec 4:01 p.m.
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 71.6
  • Book Value ₹ 61.4
  • Dividend Yield 0.00 %
  • ROCE 0.05 %
  • ROE -4.70 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.65 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 6.93% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2.47 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

Consolidated Figures in Rs. Crores / View Standalone

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 0.88 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 -2.52 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% -70.63% -53.00% 85.51%
2.34 2.58 2.13 2.63 2.15 0.47 0.13 -1.82 2.19 -2.50 -0.65 1.79 0.67
EPS in Rs 2.34 2.58 2.13 2.63 2.15 0.47 0.13 -1.82 2.19 -2.50 -0.65 1.79 0.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
35 44 58 172 181 212 166 235 277 208 202 210
32 40 52 158 165 195 156 218 260 204 203 206
Operating Profit 3 5 6 13 15 17 10 16 17 4 -0 4
OPM % 9% 11% 10% 8% 9% 8% 6% 7% 6% 2% -0% 2%
0 1 0 0 0 2 6 4 6 3 3 2
Interest 1 2 2 5 5 6 5 6 5 4 4 4
Depreciation 1 1 2 3 3 3 4 4 4 3 3 4
Profit before tax 2 3 2 5 8 11 7 11 13 1 -5 -2
Tax % 47% 41% 33% 36% 34% 33% 29% 31% 32% 34% -31%
1 2 2 3 5 7 5 9 9 5 -3 -1
EPS in Rs 1.01 1.50 1.60 3.38 5.04 7.45 5.35 8.74 9.22 5.37 -2.78 -0.69
Dividend Payout % 40% 27% 25% 14% 10% 6% 4% 7% 7% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: -1%
3 Years: -5%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -81%
Stock Price CAGR
10 Years: %
5 Years: 7%
3 Years: -16%
1 Year: -23%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 7%
Last Year: -5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 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 5 5 5 5 5
Reserves 3 4 5 18 22 30 35 42 51 55 54 56
8 19 30 49 53 61 61 79 78 70 75 87
6 8 7 24 25 26 19 23 22 32 26 29
Total Liabilities 21 35 46 95 105 121 119 149 157 162 159 177
7 14 21 40 38 38 45 46 43 43 37 52
CWIP 0 0 2 0 0 7 2 -0 0 7 16 0
Investments 1 1 1 1 1 1 1 3 3 7 8 8
14 20 23 54 65 75 70 101 110 105 99 117
Total Assets 21 35 46 95 105 121 119 149 157 162 159 177

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 -1 -0 4 3 15 11 -9 13 11 8
-2 -8 -11 -3 -2 -15 -10 -1 -0 -8 -8
2 10 10 -1 -0 1 -3 13 -6 -12 1
Net Cash Flow 0 1 -0 -0 0 1 -2 2 6 -9 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 52 47 43 38 50 36 53 40 53 57 53
Inventory Days 70 118 92 74 84 76 94 123 64 147 117
Days Payable 48 35 26 52 54 45 38 27 18 64 53
Cash Conversion Cycle 74 130 108 60 79 68 109 136 100 139 117
Working Capital Days 66 89 93 49 68 59 82 103 92 113 118
ROCE % 20% 14% 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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