Polysil Irrigation Systems Ltd
Incorporation in 1985, Polysil Irrigation Systems Ltd manufactures and sells HDPE/LLDPE/LD Pipes and Micro Irrigation Systems[1]
- Market Cap ₹ 31.2 Cr.
- Current Price ₹ 27.5
- High / Low ₹ 58.8 / 26.0
- Stock P/E 15.1
- Book Value ₹ 22.0
- Dividend Yield 0.00 %
- ROCE 13.6 %
- ROE 10.3 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.62%
- Promoter holding is low: 31.2%
- Company has a low return on equity of 7.00% over last 3 years.
- Company has high debtors of 390 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
39.39 | 54.19 | 37.61 | 43.88 | 44.42 | |
36.60 | 51.13 | 34.76 | 39.26 | 38.86 | |
Operating Profit | 2.79 | 3.06 | 2.85 | 4.62 | 5.56 |
OPM % | 7.08% | 5.65% | 7.58% | 10.53% | 12.52% |
0.06 | 0.13 | 0.05 | -0.22 | 0.10 | |
Interest | 0.83 | 1.14 | 1.49 | 1.49 | 1.92 |
Depreciation | 1.20 | 1.01 | 0.73 | 0.53 | 0.72 |
Profit before tax | 0.82 | 1.04 | 0.68 | 2.38 | 3.02 |
Tax % | 39.02% | 37.50% | 50.00% | 63.87% | 31.46% |
0.50 | 0.65 | 0.34 | 0.87 | 2.07 | |
EPS in Rs | 111.11 | 142.86 | 74.73 | 0.88 | 1.83 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -6% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 47% |
TTM: | 113% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 7% |
Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Equity Capital | 0.45 | 0.46 | 0.46 | 9.90 | 11.34 |
Reserves | 12.23 | 12.93 | 13.27 | 5.46 | 13.63 |
12.36 | 11.05 | 14.95 | 15.47 | 16.70 | |
13.67 | 17.51 | 17.59 | 24.49 | 36.81 | |
Total Liabilities | 38.71 | 41.95 | 46.27 | 55.32 | 78.48 |
7.21 | 6.80 | 8.26 | 9.35 | 8.70 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
31.50 | 35.15 | 38.01 | 45.97 | 69.78 | |
Total Assets | 38.71 | 41.95 | 46.27 | 55.32 | 78.48 |
Cash Flows
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
0.99 | -0.42 | -0.41 | 2.00 | -6.25 | |
-0.37 | -0.92 | -2.28 | -1.61 | -0.65 | |
-0.47 | 1.49 | 2.41 | -0.47 | 6.85 | |
Net Cash Flow | 0.15 | 0.15 | -0.28 | -0.08 | -0.06 |
Ratios
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 114.16 | 122.12 | 210.60 | 233.82 | 390.39 |
Inventory Days | 208.57 | 146.65 | 239.83 | 200.71 | 207.49 |
Days Payable | 154.19 | 110.55 | 179.63 | 193.66 | 292.36 |
Cash Conversion Cycle | 168.54 | 158.21 | 270.80 | 240.88 | 305.52 |
Working Capital Days | 160.49 | 122.32 | 215.06 | 197.97 | 284.56 |
ROCE % | 8.81% | 8.17% | 13.91% | 13.63% |
Documents
Announcements
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Board Meeting Intimation
14 November 2024 - POLYSIL IRRIGATION SYSTEMS LIMITED has informed about Board Meeting to be held on 14-Nov-2024 to inter-alia consider and approve the Unaudited Financial results of the …
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Reasons for Delayed/Non-submission of Financial Results
14 November 2024 - Polysil Irrigation Systems Limited has informed about reasons for Delayed/Non-submission of Financial Results
-
Board Meeting Intimation
9 November 2024 - POLYSIL IRRIGATION SYSTEMS LIMITED has informed about Board Meeting to be held on 14-Nov-2024 to inter-alia consider and approve the Unaudited Financial results of the …
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
23 October 2024 - POLYSIL IRRIGATION SYSTEMS LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Resignation
23 October 2024 - Polysil Irrigation Systems Limited has informed regarding Resignation of Mr Bipinkumar Hirpara as Non- Executive Independent Director of the company w.e.f. October 22, 2024.
Business Overview:[1]
PISL is in the business of manufacturing and trading in micro irrigation products and providing agriculture related services