Solve Plastic Products Ltd

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

Solve Plastic Products Ltd

₹ 46.0 -1.07%
22 Nov 10:08 a.m.
Company website NSE - SME: BALCO
About

Founded in 1994, Solve Plastic Products Limited manufactures a wide range of uPVC pipes and rigid PVC electrical conduits, marketed under the brand name "BALCOPIPES."[1]

Key Points

Product Portfolio[1][2]
Solvent cement
Water tank
Garden hoses
Rigid PVC electrical cables
uPVC pipes

Website NSE - ST
  • Market Cap ₹ 20.1 Cr.
  • Current Price ₹ 46.0
  • High / Low ₹ 112 / 45.1
  • Stock P/E 14.4
  • Book Value ₹ 29.4
  • Dividend Yield 0.00 %
  • ROCE 18.6 %
  • ROE 44.3 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.4%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Earnings include an other income of Rs.0.97 Cr.
  • Debtor days have increased from 32.2 to 40.9 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: Plastic products Industry: Plastics Products

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Half Yearly Results

Figures in Rs. Crores

Sep 2023 Sep 2024
23.58 20.08
22.65 20.94
Operating Profit 0.93 -0.86
OPM % 3.94% -4.28%
0.49 0.20
Interest 0.77 0.64
Depreciation 0.36 0.45
Profit before tax 0.29 -1.75
Tax % -62.07% 11.43%
0.47 -1.95
EPS in Rs 1.53 -4.46
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024
40.59 54.59 58.71 45.08
39.36 53.50 56.75 42.39
Operating Profit 1.23 1.09 1.96 2.69
OPM % 3.03% 2.00% 3.34% 5.97%
0.66 0.71 1.48 0.97
Interest 1.67 1.43 1.38 1.44
Depreciation 1.18 0.90 0.83 0.77
Profit before tax -0.96 -0.53 1.23 1.45
Tax % -84.38% -22.64% 2.44% 1.38%
-0.15 -0.41 1.20 1.42
EPS in Rs -0.49 -1.35 3.95 4.63
Dividend Payout % 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 4%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 117%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 39%
Last Year: 44%

Balance Sheet

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3.04 3.04 3.04 3.07 4.37
Reserves -1.90 -2.31 -1.11 1.32 8.45
15.44 12.30 12.22 12.41 9.76
4.76 5.20 4.60 5.32 4.81
Total Liabilities 21.34 18.23 18.75 22.12 27.39
5.52 5.28 5.14 5.26 6.06
CWIP 0.00 0.00 0.00 0.89 0.24
Investments 0.00 0.00 0.00 0.00 0.00
15.82 12.95 13.61 15.97 21.09
Total Assets 21.34 18.23 18.75 22.12 27.39

Cash Flows

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.36 5.30 2.14 2.07
-0.11 -0.73 -0.68 -1.85
-2.25 -4.57 -1.46 -0.22
Net Cash Flow 0.00 0.00 -0.01 0.00

Ratios

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 45.14 29.95 25.61 40.89
Inventory Days 80.09 51.82 54.86 91.52
Days Payable 20.83 25.91 10.58 30.51
Cash Conversion Cycle 104.40 55.86 69.90 101.90
Working Capital Days 91.45 45.60 50.54 79.02
ROCE % 6.08% 18.84% 18.55%

Shareholding Pattern

Numbers in percentages

9 Recently
Sep 2024
63.33%
36.67%
No. of Shareholders 781

Documents

Announcements

Annual reports

No data available.

Credit ratings