Styrenix Performance Materials Ltd

Styrenix Perfor. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Styrenix Performance Materials Ltd

₹ 2,514 0.37%
03 Dec - close price
styrenix.com BSE: 506222 NSE: STYRENIX
About

Incorporated in 1973, Styrenix Performance Materials Ltd manufactures, trades and sells Engineering Thermoplastics[1]

Key Points

Business Overview:[1]
Company is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene and styrene, used for manufacturing home appliances, automobiles, consumer durables and machinery. Absolan is a polymerized plastic resin produced from styrene and acrylonitrile, and mainly used for products such as lighting, stationery, novelties, refrigerators and cosmetic packing. It also manufactures Polystyrene which is used for food service and packaging, refrigerator components, electronic goods housings, etc.

Website BSE NSE
  • Market Cap ₹ 4,424 Cr.
  • Current Price ₹ 2,514
  • High / Low ₹ 2,880 / 1,250
  • Stock P/E 20.5
  • Book Value ₹ 458
  • Dividend Yield 3.90 %
  • ROCE 31.4 %
  • ROE 24.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
  • Company has been maintaining a healthy dividend payout of 119%

Cons

  • Promoter holding has decreased over last quarter: -16.5%
  • The company has delivered a poor sales growth of 1.23% over past five years.
  • Promoters have pledged 92.4% of their holding.

* 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: Petrochemicals Industry: Petrochemicals

Part of BSE SmallCap BSE Allcap BSE Commodities

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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
588 512 624 650 550 557 615 544 595 485 599 699 653
464 429 483 529 510 508 549 493 512 427 527 609 554
Operating Profit 125 83 141 121 40 49 66 51 83 58 72 90 99
OPM % 21% 16% 23% 19% 7% 9% 11% 9% 14% 12% 12% 13% 15%
7 2 1 6 4 2 3 2 3 2 2 2 6
Interest 2 1 2 1 1 1 1 1 1 1 1 1 1
Depreciation 10 9 9 9 10 9 10 9 9 9 9 9 10
Profit before tax 121 73 130 116 32 40 58 43 76 50 64 82 94
Tax % 25% 35% 24% 25% 27% 25% 27% 25% 26% 30% 23% 26% 26%
90 47 99 87 24 30 42 32 56 35 49 61 70
EPS in Rs 51.20 26.97 56.33 49.35 13.42 17.17 24.13 18.45 32.08 19.87 28.07 34.80 39.86
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
971 1,092 1,432 1,584 1,482 1,895 2,091 1,579 1,631 2,179 2,372 2,222 2,435
871 1,009 1,349 1,488 1,347 1,758 2,081 1,514 1,218 1,704 2,096 1,958 2,117
Operating Profit 100 83 83 96 135 137 9 65 414 475 276 264 318
OPM % 10% 8% 6% 6% 9% 7% 0% 4% 25% 22% 12% 12% 13%
11 11 5 3 4 5 12 -31 13 14 15 9 13
Interest 4 3 15 11 14 14 13 16 15 8 6 4 3
Depreciation 14 13 21 27 25 25 27 32 36 38 38 37 38
Profit before tax 93 77 52 60 100 103 -18 -14 376 443 247 233 291
Tax % 32% 35% 32% -6% 31% 36% -33% -29% 25% 27% 26% 26%
63 50 35 64 69 66 -12 -10 280 323 183 173 216
EPS in Rs 35.90 28.72 19.91 36.30 39.40 37.66 -7.09 -5.41 159.35 183.41 104.07 98.47 122.60
Dividend Payout % 11% 14% 20% 11% 10% 11% -28% -0% 6% 162% 100% 95%
Compounded Sales Growth
10 Years: 7%
5 Years: 1%
3 Years: 11%
TTM: 5%
Compounded Profit Growth
10 Years: 13%
5 Years: 77%
3 Years: -15%
TTM: 34%
Stock Price CAGR
10 Years: 14%
5 Years: 30%
3 Years: 22%
1 Year: 73%
Return on Equity
10 Years: 18%
5 Years: 26%
3 Years: 28%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 417 460 486 509 569 627 606 592 871 839 697 705 787
67 89 110 170 209 104 265 224 98 52 35 27 25
136 281 215 229 254 305 233 222 326 323 513 288 362
Total Liabilities 638 847 828 925 1,050 1,053 1,122 1,055 1,313 1,232 1,263 1,038 1,192
124 136 217 241 219 214 200 365 369 343 309 295 310
CWIP 29 56 0 2 18 15 96 56 30 7 12 28 29
Investments 17 33 101 1 1 1 0 0 1 1 1 58 14
468 621 511 681 812 824 825 634 914 881 940 657 839
Total Assets 638 847 828 925 1,050 1,053 1,122 1,055 1,313 1,232 1,263 1,038 1,192

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-24 50 20 28 -16 173 -36 166 385 356 270 216
98 -57 -51 -6 -15 -21 -93 -84 -112 83 -136 -88
-73 13 -1 -18 22 -127 135 -124 -137 -412 -198 -177
Net Cash Flow 0 7 -32 5 -9 24 5 -42 136 27 -63 -48

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 66 74 52 52 55 47 41 40 68 51 49 49
Inventory Days 47 75 52 58 109 75 66 81 111 91 72 60
Days Payable 28 89 48 48 64 63 39 42 86 63 64 50
Cash Conversion Cycle 84 60 56 62 99 59 68 79 93 79 56 58
Working Capital Days 114 102 74 95 133 68 70 73 85 67 32 55
ROCE % 19% 15% 11% 11% 15% 15% -1% 5% 42% 48% 30% 31%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 61.19% 61.19% 62.73% 62.73% 62.73% 62.73% 62.73% 62.73% 46.24% 46.24%
2.02% 2.04% 1.87% 1.57% 1.42% 1.39% 2.19% 2.27% 2.53% 2.09% 4.96% 2.95%
3.02% 2.86% 4.14% 4.45% 4.45% 4.41% 4.77% 4.82% 5.01% 4.99% 10.58% 10.26%
19.96% 20.10% 32.79% 32.79% 31.39% 31.47% 30.30% 30.18% 29.72% 30.18% 38.21% 40.55%
No. of Shareholders 28,30629,10743,92744,83746,99350,30443,43940,54340,11540,49239,95545,882

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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