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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 536974 | NSE: CPL

Captain Polyplast Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 8:52 pm

Market Cap 355 Cr.
Current Price 64.1
High / Low86.0/30.2
Stock P/E23.6
Book Value 20.7
Dividend Yield0.00 %
ROCE19.0 %
ROE20.6 %
Face Value 2.00
PEG Ratio2.18

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Captain Polyplast Ltd

Competitors of Captain Polyplast Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dutron Polymers Ltd 103 Cr. 172233/13642.0 47.10.87 %13.2 %9.55 % 10.0
Captain Polyplast Ltd 355 Cr. 64.186.0/30.223.6 20.70.00 %19.0 %20.6 % 2.00
Captain Pipes Ltd 209 Cr. 14.224.5/14.048.0 1.890.00 %25.0 %17.5 % 1.00
Caprihans India Ltd 186 Cr. 142239/131 3370.00 %1.54 %15.2 % 10.0
Ashish Polyplast Ltd 18.4 Cr. 54.295.4/18.116.9 20.90.00 %5.18 %3.47 % 10.0
Industry Average7,069.80 Cr275.2839.2687.850.21%13.67%13.51%7.57

All Competitor Stocks of Captain Polyplast Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales38.7044.0143.6058.8640.6835.5771.6376.7272.6270.3382.6068.7764.89
Expenses34.4040.6640.3254.3438.2234.5468.5966.3765.2863.3473.7760.1458.85
Operating Profit4.303.353.284.522.461.033.0410.357.346.998.838.636.04
OPM %11.11%7.61%7.52%7.68%6.05%2.90%4.24%13.49%10.11%9.94%10.69%12.55%9.31%
Other Income0.060.770.400.770.821.902.90-2.740.800.690.861.020.78
Interest2.402.572.382.632.202.122.412.662.532.652.842.932.55
Depreciation1.031.060.810.770.650.480.890.690.580.590.610.620.59
Profit before tax0.930.490.491.890.430.332.644.265.034.446.246.103.68
Tax %26.88%30.61%22.45%28.57%32.56%72.73%3.79%39.44%26.24%20.72%25.80%22.13%25.54%
Net Profit0.680.340.381.350.300.092.542.583.703.524.634.752.74
EPS in Rs0.130.070.080.270.060.020.500.510.730.700.920.900.49

Last Updated: October 7, 2024, 8:25 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales638189119115125149186178185225294287
Expenses55737710599110131158152170208263256
Operating Profit891214161518282615173230
OPM %13%11%14%12%14%12%12%15%14%8%8%11%11%
Other Income0101021312333
Interest456766710101091111
Depreciation1233222444322
Profit before tax433688101712482220
Tax %33%34%34%33%35%34%27%27%27%28%28%24%
Net Profit3224567139361716
EPS in Rs1.730.420.450.760.981.091.432.501.800.551.093.143.01
Dividend Payout %0%0%0%10%8%4%3%2%2%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-33.33%0.00%100.00%25.00%20.00%16.67%85.71%-30.77%-66.67%100.00%183.33%
Change in YoY Net Profit Growth (%)0.00%33.33%100.00%-75.00%-5.00%-3.33%69.05%-116.48%-35.90%166.67%83.33%

Captain Polyplast Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:15%
3 Years:18%
TTM:-7%
Compounded Profit Growth
10 Years:23%
5 Years:18%
3 Years:22%
TTM:22%
Stock Price CAGR
10 Years:20%
5 Years:19%
3 Years:40%
1 Year:99%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:12%
Last Year:21%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:37 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital27910101010101010101111
Reserves91112141924314352556081104
Borrowings172522252434637486858210383
Other Liabilities24293647494175846260747069
Total Liabilities52737996101110179212211210226264267
Fixed Assets6121412111111191815141515
CWIP4300007000000
Investments1122555552220
Other Assets415763828594155188187193210247251
Total Assets52737996101110179212211210226264267

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +3-011610-8-6-001212-14
Cash from Investing Activity +-5-7-3-0-4-1-81-142-2
Cash from Financing Activity +48-8-4-861500-14-1316
Net Cash Flow11-11-1-302-12-00

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-9.00-16.00-10.00-11.00-8.00-19.00-45.00-46.00-60.00-70.00-65.00-71.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days170174160158163152221186230214190219
Inventory Days4653100100111951121051061009661
Days Payable16415418718818712717621512210512087
Cash Conversion Cycle527373708712015876214209166193
Working Capital Days7495868188135164185245241204206
ROCE %38%22%22%26%27%24%20%24%16%9%11%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters71.55%66.79%66.50%66.50%66.50%66.50%66.50%66.50%66.50%66.50%68.08%69.52%
Public28.45%33.21%33.50%33.50%33.50%33.51%33.50%33.49%33.50%33.50%31.92%30.49%
No. of Shareholders21,38321,60424,74723,96323,15722,20721,08220,23519,38818,37418,27017,929

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)3.361.120.871.812.51
Diluted EPS (Rs.)3.361.120.871.812.51
Cash EPS (Rs.)3.601.661.272.623.34
Book Value[Excl.RevalReserv]/Share (Rs.)18.0514.3613.1512.3210.52
Book Value[Incl.RevalReserv]/Share (Rs.)18.0514.3613.1512.3210.52
Revenue From Operations / Share (Rs.)55.6644.5836.7635.3436.97
PBDIT / Share (Rs.)6.653.923.465.306.26
PBIT / Share (Rs.)6.193.382.744.475.42
PBT / Share (Rs.)4.121.520.752.473.42
Net Profit / Share (Rs.)3.141.120.541.802.50
NP After MI And SOA / Share (Rs.)3.361.120.541.802.50
PBDIT Margin (%)11.948.799.4114.9816.94
PBIT Margin (%)11.127.587.4412.6414.67
PBT Margin (%)7.403.412.056.989.25
Net Profit Margin (%)5.642.511.485.086.76
NP After MI And SOA Margin (%)6.042.511.485.086.76
Return on Networth / Equity (%)18.627.794.1614.5723.76
Return on Capital Employeed (%)28.2217.9614.8227.0642.78
Return On Assets (%)6.652.461.304.295.96
Long Term Debt / Equity (X)0.200.290.380.300.16
Total Debt / Equity (X)1.071.111.261.321.34
Asset Turnover Ratio (%)1.191.020.870.840.95
Current Ratio (X)1.591.531.581.431.24
Quick Ratio (X)1.361.201.261.171.02
Inventory Turnover Ratio (X)5.164.163.973.503.74
Dividend Payout Ratio (NP) (%)0.000.007.312.221.59
Dividend Payout Ratio (CP) (%)0.000.003.141.521.19
Earning Retention Ratio (%)0.000.0092.6997.7898.41
Cash Earning Retention Ratio (%)0.000.0096.8698.4898.81
Interest Coverage Ratio (X)3.212.111.752.653.12
Interest Coverage Ratio (Post Tax) (X)2.521.601.281.902.25
Enterprise Value (Cr.)382.53164.72169.95289.19193.88
EV / Net Operating Revenue (X)1.300.730.911.621.04
EV / EBITDA (X)10.888.349.7410.846.15
MarketCap / Net Operating Revenue (X)0.960.390.491.180.67
Retention Ratios (%)0.000.0092.6897.7798.40
Price / BV (X)2.991.231.373.382.38
Price / Net Operating Revenue (X)0.960.390.491.180.67
EarningsYield0.060.060.030.040.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Captain Polyplast Ltd as of November 22, 2024 is: 102.65

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, Captain Polyplast Ltd is Undervalued by 60.14% compared to the current share price 64.10

Intrinsic Value of Captain Polyplast Ltd as of November 22, 2024 is: 113.77

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, Captain Polyplast Ltd is Undervalued by 77.49% compared to the current share price 64.10

Last 5 Year EPS CAGR: 10.83%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 21.50%, which is a positive sign.
  2. The company has shown consistent growth in sales (161.23 cr) and profit (9.62 cr) over the years.
  1. The stock has a high average Working Capital Days of 150.33, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 124.25, which may not be favorable.
  3. The company has higher borrowings (55.62) compared to reserves (39.62), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Captain Polyplast Ltd:
    1. Net Profit Margin: 5.64%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 28.22% (Industry Average ROCE: 13.67%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.62% (Industry Average ROE: 13.51%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.52
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.36
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 23.6 (Industry average Stock P/E: 39.26)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.07
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Captain Polyplast Ltd. is a Public Limited Listed company incorporated on 27/03/1997 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L25209GJ1997PLC031985 and registration number is 031985. Currently company belongs to the Industry of Plastics - Pipes & Fittings. Company’s Total Operating Revenue is Rs. 185.17 Cr. and Equity Capital is Rs. 10.08 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Pipes & FittingsUL25, Royal Complex, Rajkot Gujarat 360001account@captainpolyplast.in
http://www.captainpolyplast.com
Management
NamePosition Held
Mr. Ramesh D KhichadiaChairman & Managing Director
Mr. Ritesh R KhichadiaWhole Time Director
Mr. Gopal D KhichadiaNon Executive Director
Mr. Lalibhai VekariyaIndependent Director
Mrs. Anjana P PaghadarIndependent Director
Mr. Prabhulal N RabadiaIndependent Director

FAQ

What is the latest intrinsic value of Captain Polyplast Ltd?

The latest intrinsic value of Captain Polyplast Ltd as on 21 November 2024 is ₹102.65, which is 60.14% higher than the current market price of ₹64.10.

What is the Market Cap of Captain Polyplast Ltd?

The Market Cap of Captain Polyplast Ltd is 355 Cr..

What is the current Stock Price of Captain Polyplast Ltd as on 21 November 2024?

The current stock price of Captain Polyplast Ltd as on 21 November 2024 is ₹64.1.

What is the High / Low of Captain Polyplast Ltd stocks in FY 2024?

In FY 2024, the High / Low of Captain Polyplast Ltd stocks is 86.0/30.2.

What is the Stock P/E of Captain Polyplast Ltd?

The Stock P/E of Captain Polyplast Ltd is 23.6.

What is the Book Value of Captain Polyplast Ltd?

The Book Value of Captain Polyplast Ltd is 20.7.

What is the Dividend Yield of Captain Polyplast Ltd?

The Dividend Yield of Captain Polyplast Ltd is 0.00 %.

What is the ROCE of Captain Polyplast Ltd?

The ROCE of Captain Polyplast Ltd is 19.0 %.

What is the ROE of Captain Polyplast Ltd?

The ROE of Captain Polyplast Ltd is 20.6 %.

What is the Face Value of Captain Polyplast Ltd?

The Face Value of Captain Polyplast Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Captain Polyplast Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE