Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 513642 | NSE: AXELPOLY

Axel Polymers Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 7, 2024, 6:00 pm

Market Cap 54.0 Cr.
Current Price 63.4
High / Low76.0/47.0
Stock P/E94.7
Book Value 17.6
Dividend Yield0.00 %
ROCE12.9 %
ROE10.9 %
Face Value 10.0
PEG Ratio-6.33

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

View Share Price Target for Axel Polymers Ltd

Competitors of Axel Polymers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IIRM Holdings India Ltd 937 Cr. 138172/21.841.4 18.70.00 %%% 5.00
Fiberweb (India) Ltd 138 Cr. 47.966.6/29.012.0 58.30.00 %5.17 %4.61 % 10.0
Deep Polymers Ltd 171 Cr. 70.5120/68.025.4 34.10.00 %9.48 %9.69 % 10.0
DDev Plastiks Industries Ltd 2,944 Cr. 285458/16015.8 63.80.53 %41.9 %31.5 % 1.00
Bright Brothers Ltd 172 Cr. 302333/134 1190.34 %0.72 %8.44 % 10.0
Industry Average5,206.25 Cr743.6049.85194.440.25%15.95%13.41%7.63

All Competitor Stocks of Axel Polymers Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales7.9417.9412.5924.1818.8221.4517.7427.1825.8130.9238.6537.2842.24
Expenses7.5216.9211.6423.1317.7920.4216.5825.2924.2829.5337.1835.8541.93
Operating Profit0.421.020.951.051.031.031.161.891.531.391.471.430.31
OPM %5.29%5.69%7.55%4.34%5.47%4.80%6.54%6.95%5.93%4.50%3.80%3.84%0.73%
Other Income0.000.030.090.410.050.080.030.120.010.010.010.010.03
Interest0.200.730.740.620.720.760.820.860.800.780.670.620.75
Depreciation0.090.120.100.170.100.100.100.240.120.120.120.340.12
Profit before tax0.130.200.200.670.260.250.270.910.620.500.690.48-0.53
Tax %0.00%0.00%0.00%64.18%0.00%0.00%0.00%54.95%0.00%0.00%2.90%114.58%0.00%
Net Profit0.130.200.200.250.260.250.270.410.620.500.67-0.07-0.53
EPS in Rs0.300.230.230.290.310.290.320.480.730.590.79-0.08-0.62

Last Updated: October 7, 2024, 8:34 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:57 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales76161922272423487383128149
Expenses76151721262322446978122144
Operating Profit1-011112144565
OPM %9%-9%9%6%5%5%7%6%8%6%6%5%3%
Other Income0000000001000
Interest1111111133333
Depreciation0000000000111
Profit before tax-0-200000011221
Tax %0%0%0%0%15%17%-7%-12%-16%31%31%32%
Net Profit-0-200000011121
EPS in Rs-0.93-4.140.280.350.510.531.090.211.531.081.391.830.68
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152021-20222022-20232023-2024
YoY Net Profit Growth (%)100.00%0.00%0.00%100.00%
Change in YoY Net Profit Growth (%)0.00%-100.00%0.00%100.00%

Axel Polymers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:37%
5 Years:39%
3 Years:38%
TTM:62%
Compounded Profit Growth
10 Years:11%
5 Years:27%
3 Years:33%
TTM:-63%
Stock Price CAGR
10 Years:32%
5 Years:44%
3 Years:7%
1 Year:26%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:9%
Last Year:11%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 2:07 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital444444449999
Reserves-2-3-3-3-3-3-2-23456
Borrowings6545678726262526
Other Liabilities44107765714171624
Total Liabilities121015131415151652555564
Fixed Assets4433444488910
CWIP000000000000
Investments000000000000
Other Assets8612101012111344484655
Total Assets121015131415151652555564

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +010-21-111-2363
Cash from Investing Activity +-0-0-00-1-0-1-0-0-0-2-2
Cash from Financing Activity +-0-1-01-11-1-11-3-4-2
Net Cash Flow00-0-0-0000-001-0

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-5.00-5.00-3.00-4.00-5.00-6.00-6.00-6.00-22.00-22.00-20.00-20.00

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 Days1351591238634372633100573431
Inventory Days216130127103123113146184219167168126
Days Payable1881811763937192062126958071
Cash Conversion Cycle1631097415012113015215519312812285
Working Capital Days16079891429711411813019213311378
ROCE %4%-12%18%17%17%14%15%11%17%11%13%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters61.86%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.72%61.26%61.26%
DIIs0.23%0.23%0.23%0.23%0.24%0.24%0.24%0.24%0.24%0.24%0.24%0.24%
Public37.91%37.87%37.87%37.87%37.87%37.87%37.86%37.86%37.87%38.04%38.51%38.51%
No. of Shareholders10,27710,39510,33610,28110,23310,16310,14010,09410,11110,15810,22110,199

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
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)1.831.391.080.440.22
Diluted EPS (Rs.)1.831.391.080.440.22
Cash EPS (Rs.)2.652.021.641.301.06
Book Value[Excl.RevalReserv]/Share (Rs.)17.6015.8914.475.114.63
Book Value[Incl.RevalReserv]/Share (Rs.)17.6015.8914.475.114.63
Revenue From Operations / Share (Rs.)150.19100.0285.6153.5853.25
PBDIT / Share (Rs.)6.846.345.483.743.29
PBIT / Share (Rs.)6.025.704.912.882.45
PBT / Share (Rs.)2.682.001.580.280.18
Net Profit / Share (Rs.)1.831.391.080.430.21
PBDIT Margin (%)4.556.336.396.976.18
PBIT Margin (%)4.005.705.735.374.60
PBT Margin (%)1.781.991.840.530.34
Net Profit Margin (%)1.211.391.250.810.40
Return on Networth / Equity (%)10.388.757.438.584.70
Return on Capital Employeed (%)22.8723.9523.8516.7317.01
Return On Assets (%)2.412.121.650.850.57
Long Term Debt / Equity (X)0.470.470.400.640.22
Total Debt / Equity (X)1.711.862.103.993.75
Asset Turnover Ratio (%)2.131.541.881.201.48
Current Ratio (X)1.231.231.171.171.12
Quick Ratio (X)0.280.300.420.400.25
Inventory Turnover Ratio (X)3.332.373.081.822.07
Interest Coverage Ratio (X)2.051.711.641.441.45
Interest Coverage Ratio (Post Tax) (X)1.551.381.321.171.10
Enterprise Value (Cr.)85.4160.0267.2014.0810.87
EV / Net Operating Revenue (X)0.660.700.920.610.47
EV / EBITDA (X)14.6511.1214.418.767.67
MarketCap / Net Operating Revenue (X)0.470.420.570.230.15
Price / BV (X)4.052.653.422.431.73
Price / Net Operating Revenue (X)0.470.420.570.230.15
EarningsYield0.020.030.020.030.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Axel Polymers Ltd as of November 14, 2024 is: 185.31

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 14, 2024, Axel Polymers Ltd is Undervalued by 192.29% compared to the current share price 63.40

Intrinsic Value of Axel Polymers Ltd as of November 14, 2024 is: 157.57

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 14, 2024, Axel Polymers Ltd is Undervalued by 148.53% compared to the current share price 63.40

Last 5 Year EPS CAGR: -14.97%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (48.08 cr) and profit (0.38 cr) over the years.
  1. The stock has a low average ROCE of 11.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 120.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 131.83, which may not be favorable.
  4. The company has higher borrowings (12.58) compared to reserves (-0.25), 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 Axel Polymers Ltd:
    1. Net Profit Margin: 1.21%
      • 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: 22.87% (Industry Average ROCE: 15.95%)
      • 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%: 10.38% (Industry Average ROE: 13.41%)
      • 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): 1.55
      • 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: 0.28
      • 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: 94.7 (Industry average Stock P/E: 49.85)
      • 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: 1.71
      • 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

Axel Polymers Ltd. is a Public Limited Listed company incorporated on 21/05/1992 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L25200GJ1992PLC017678 and registration number is 017678. Currently company belongs to the Industry of Plastics - Plastic & Plastic Products. Company’s Total Operating Revenue is Rs. 72.91 Cr. and Equity Capital is Rs. 8.52 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic Products309, Mokshi, Vadodra District Gujarat 391780cs@axelindia.com
http://www.axelpolymers.com
Management
NamePosition Held
Mr. Gaurav ThankyChairman & Managing Director
Mr. A B BodhanwalaExecutive Director & CFO
Mr. Haresh KothariInd. Non-Executive Director
Mr. Umang DasaniInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Axel Polymers Ltd?

The latest intrinsic value of Axel Polymers Ltd as on 14 November 2024 is ₹185.31, which is 192.29% higher than the current market price of ₹63.40.

What is the Market Cap of Axel Polymers Ltd?

The Market Cap of Axel Polymers Ltd is 54.0 Cr..

What is the current Stock Price of Axel Polymers Ltd as on 14 November 2024?

The current stock price of Axel Polymers Ltd as on 14 November 2024 is ₹63.4.

What is the High / Low of Axel Polymers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Axel Polymers Ltd stocks is 76.0/47.0.

What is the Stock P/E of Axel Polymers Ltd?

The Stock P/E of Axel Polymers Ltd is 94.7.

What is the Book Value of Axel Polymers Ltd?

The Book Value of Axel Polymers Ltd is 17.6.

What is the Dividend Yield of Axel Polymers Ltd?

The Dividend Yield of Axel Polymers Ltd is 0.00 %.

What is the ROCE of Axel Polymers Ltd?

The ROCE of Axel Polymers Ltd is 12.9 %.

What is the ROE of Axel Polymers Ltd?

The ROE of Axel Polymers Ltd is 10.9 %.

What is the Face Value of Axel Polymers Ltd?

The Face Value of Axel Polymers Ltd is 10.0.

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 Axel Polymers 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