Purv Flexipack Ltd
Incorporated in 2005, Purv Flexipack Ltd is in the business of distribution of various plastic-based product[1]
- Market Cap ₹ 404 Cr.
- Current Price ₹ 193
- High / Low ₹ 273 / 150
- Stock P/E 41.6
- Book Value ₹ 64.1
- Dividend Yield 0.00 %
- ROCE 6.99 %
- ROE 3.15 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.01 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -32.7%
- Company has a low return on equity of 5.61% over last 3 years.
- Contingent liabilities of Rs.225 Cr.
- Earnings include an other income of Rs.30.8 Cr.
- Debtor days have increased from 104 to 129 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 133 | 222 | 333 | 254 | 296 | |
| 123 | 211 | 314 | 246 | 293 | |
| Operating Profit | 10 | 11 | 20 | 8 | 3 |
| OPM % | 8% | 5% | 6% | 3% | 1% |
| 5 | 6 | 8 | 18 | 31 | |
| Interest | 5 | 6 | 9 | 12 | 14 |
| Depreciation | 2 | 2 | 3 | 4 | 5 |
| Profit before tax | 8 | 10 | 15 | 10 | 14 |
| Tax % | 25% | 20% | 24% | 25% | |
| 6 | 6 | 12 | 7 | 11 | |
| EPS in Rs | 40.23 | 44.41 | 6.61 | 2.85 | 4.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -7% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 21 | 21 |
| Reserves | 45 | 54 | 62 | 107 | 114 |
| 71 | 83 | 124 | 146 | 190 | |
| 24 | 30 | 58 | 65 | 68 | |
| Total Liabilities | 154 | 181 | 259 | 338 | 392 |
| 36 | 37 | 56 | 97 | 127 | |
| CWIP | 2 | 4 | 24 | 20 | 2 |
| Investments | 5 | 8 | 6 | 8 | 11 |
| 111 | 132 | 172 | 214 | 253 | |
| Total Assets | 154 | 181 | 259 | 338 | 392 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -6 | -1 | 6 | -6 | |
| -7 | -7 | -38 | -37 | |
| 10 | 9 | 31 | 55 | |
| Net Cash Flow | -3 | 1 | -2 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 154 | 101 | 82 | 129 |
| Inventory Days | 75 | 58 | 49 | 54 |
| Days Payable | 51 | 23 | 39 | 49 |
| Cash Conversion Cycle | 178 | 137 | 92 | 134 |
| Working Capital Days | 241 | 182 | 136 | 204 |
| ROCE % | 8% | 11% | 7% |
Documents
Announcements
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Statement of deviation(s) or variation(s) under Reg. 32
14 November 2024 - Purv Flexipack Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Outcome of Board Meeting
14 November 2024 - Purv Flexipack Limited has informed regarding Board meeting held on November 14, 2024 for Declaration of Unaudited Financial Result for the Half Year Ended September …
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Financial Result Updates
14 November 2024 - Purv Flexipack Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Board Meeting Intimation
6 November 2024 - PURV FLEXIPACK LIMITED has informed about Board Meeting to be held on 14-Nov-2024 to consider and approve the Half Yearly Unaudited Financial results of the …
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Updates
17 October 2024 - Purv Flexipack Limited has informed regarding 'Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended September 30, 2024'.
Business Overview:[1]
a) PFL is a part of the Purv group which supplies raw materials to flexible plastic packaging sector. Company is in the business of chemical trading.
b) It is a del credere agent (DCA) of Indian Oil Corporation Ltd, supplying low-density polyethylene (LDPE), high-density polyethylene (HDPE) and polypropylene (PP) to West Bengal and Bihar.
c) It is an authorized dealer of SRF Ltd, supplying raw materials such as polyester film, metallized polyester film, biaxially oriented polypropylene (BOPP) film and holographic polyester film for manufacturing speciality chemicals.
d) PFL has taken distributorship of polyester and BOPP films of Jindal
Poly Films Ltd
e) It is involved in trading of plastic granules, masterbatch /colorants, films, ink and adhesives, titanium dioxide and ethyl acetate. The company is based in Kolkata.