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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Padmanabh Alloys & Polymers Ltd

About the Company - Padmanabh Alloys & Polymers Ltd

Padmanabh Alloys & Polymers Ltd. is a Public Limited Listed company incorporated on 09/11/1994 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17110GJ1994PLC023540 and registration number is 023540. Currently company belongs to the Industry of Plastics - Plastic & Plastic Products. Company’s Total Operating Revenue is Rs. 28.97 Cr. and Equity Capital is Rs. 5.71 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic ProductsN H No. 8, Village - Palsana, Surat District Gujarat 394315investor@padmanabh.in
http://www.padmanabh.in
Management
NamePosition Held
Mr. Chetankumar Mohanbhai DesaiChairman & Wholetime Director
Mr. Vijaybhai Dolatrai VashiWhole Time Director
Mr. Hemalkumar Rajeshkumar DesaiWhole Time Director
Mr. Yugma Urvesh NaikNon Exe.Non Ind.Director
Mr. Dilipkumar Khandubhai DesaiIndependent Director
Mr. Pravinchandra Gulabbhai DesaiIndependent Director
Mr. Hiler Kiranbhai DesaiIndependent Director
Mr. Nileshbhai Amrutlal DesaiIndependent Director

Padmanabh Alloys & Polymers Ltd. Share Price Update

Share PriceValue
Today₹24.21
Previous Day₹25.48

Basic Stock Data of Padmanabh Alloys & Polymers Ltd

Market Cap 13.8 Cr.
Current Price 25.6
High / Low45.9/0.00
Stock P/E57.7
Book Value 16.2
Dividend Yield0.00 %
ROCE6.40 %
ROE3.20 %
Face Value 10.0

Data Source: screener.in

Competitors of Padmanabh Alloys & Polymers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Responsive Industries Ltd 8,059 Cr. 302365/10559.1 40.20.03 %4.51 %2.46 % 1.00
Sintex Plastics Technology Ltd 73.2 Cr. 1.152.51/0.98 3.560.00 %276 %977 % 1.00
Supreme Industries Ltd 50,462 Cr. 3,9734,888/2,43047.0 3630.66 %26.8 %21.0 % 2.00
TPL Plastech Ltd 560 Cr. 71.878.0/26.931.8 15.20.83 %17.2 %13.9 % 2.00
Mold-Tek Packaging Ltd 3,001 Cr. 9051,105/82541.9 1790.67 %19.6 %16.1 % 5.00
Industry Average138.84 Cr256.5935.96120.190.44%68.82%206.09%2.2

Padmanabh Alloys & Polymers Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales8.329.1010.496.497.686.248.559.6712.519.619.6711.3110.65
Expenses7.908.8410.276.337.616.398.149.3711.879.369.9710.7910.12
Operating Profit0.420.260.220.160.07-0.150.410.300.640.25-0.300.520.53
OPM %5.05%2.86%2.10%2.47%0.91%-2.40%4.80%3.10%5.12%2.60%-3.10%4.60%4.98%
Other Income-0.00-0.000.08-0.00-0.000.010.01-0.00-0.00-0.000.03-0.00-0.00
Interest0.060.060.090.060.080.070.080.080.090.100.120.100.09
Depreciation0.030.030.030.030.030.040.040.040.040.06-0.000.040.05
Profit before tax0.330.170.180.07-0.04-0.250.300.180.510.09-0.390.380.39
Tax %6.06%17.65%33.33%28.57%-0.00%-4.00%10.00%27.78%27.45%33.33%-0.00%44.74%28.21%
Net Profit0.300.130.120.04-0.05-0.260.270.130.370.06-0.390.210.28
EPS in Rs0.550.240.220.07-0.09-0.480.500.240.680.11-0.720.390.52

Padmanabh Alloys & Polymers Ltd Quarterly Chart

Padmanabh Alloys & Polymers Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales11.2612.4720.3327.2228.0126.9134.3434.6328.2629.2728.9741.4741.24
Expenses10.4211.8019.0325.9226.6425.7633.2433.5927.1728.6928.4740.5940.24
Operating Profit0.840.671.301.301.371.151.101.041.090.580.500.881.00
OPM %7.46%5.37%6.39%4.78%4.89%4.27%3.20%3.00%3.86%1.98%1.73%2.12%2.42%
Other Income0.020.320.020.050.030.080.020.040.010.090.010.030.03
Interest0.230.270.290.280.320.280.250.260.260.260.290.380.41
Depreciation0.170.180.180.070.110.070.210.240.130.130.150.140.15
Profit before tax0.460.540.851.000.970.880.660.580.710.280.070.390.47
Tax %0.00%14.81%18.82%16.00%0.00%19.32%74.24%15.52%32.39%32.14%57.14%33.33%
Net Profit0.460.460.690.840.970.720.180.490.480.180.030.260.16
EPS in Rs0.850.851.271.551.791.330.330.910.890.330.060.480.30
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Padmanabh Alloys & Polymers Ltd Profit & Loss Yearly Chart

Padmanabh Alloys & Polymers Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:4%
3 Years:14%
TTM:5%
Compounded Profit Growth
10 Years:-6%
5 Years:8%
3 Years:-18%
TTM:-71%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-46%
Return on Equity
10 Years:7%
5 Years:4%
3 Years:2%
Last Year:3%

Padmanabh Alloys & Polymers Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5.715.715.715.715.715.715.715.715.715.715.715.715.41
Reserves-2.47-2.01-1.32-0.480.220.941.121.612.092.272.292.553.04
Borrowings1.872.222.492.452.872.622.942.182.873.824.113.703.18
Other Liabilities1.591.793.953.023.724.366.295.575.285.895.426.326.51
Total Liabilities6.707.7110.8310.7012.5213.6316.0615.0715.9517.6917.5318.2818.44
Fixed Assets1.651.601.551.451.611.541.361.711.711.721.751.762.30
CWIP-0.00-0.00-0.00-0.00-0.00-0.000.18-0.00-0.00-0.00-0.00-0.00-0.00
Investments-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00
Other Assets5.056.119.289.2510.9112.0914.5213.3614.2415.9715.7816.5216.14
Total Assets6.707.7110.8310.7012.5213.6316.0615.0715.9517.6917.5318.2818.44

Padmanabh Alloys & Polymers Ltd Reserves and Borrowings Chart

Padmanabh Alloys & Polymers Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.140.300.620.460.121.38-0.19-0.610.180.97
Cash from Investing Activity -0.140.08-0.280.03-0.20-0.40-0.13-0.15-0.17-0.15
Cash from Financing Activity -0.03-0.32-0.38-0.530.08-1.020.430.69-0.01-0.79
Net Cash Flow-0.020.06-0.04-0.050.00-0.040.11-0.070.000.03

Padmanabh Alloys & Polymers Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days92.38115.62131.2486.3697.08107.83104.9182.53117.92133.06133.4391.27
Inventory Days65.4546.0325.4123.7832.7439.5740.0859.0968.1655.2573.9059.31
Days Payable51.6053.5876.6637.9547.5163.2168.5261.6472.2570.5966.5256.04
Cash Conversion Cycle106.23108.0779.9972.1882.3184.1976.4679.97113.83117.72140.8094.54
Working Capital Days109.56123.2393.9080.3291.09101.5987.3781.05112.88110.73130.4089.34
ROCE %15.13%14.69%17.81%18.27%15.66%12.51%9.56%8.61%9.62%4.81%3.01%6.40%

Padmanabh Alloys & Polymers Ltd Financial Efficiency Indicators Chart

Padmanabh Alloys & Polymers Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters54.11%54.11%54.11%54.11%54.11%54.11%54.11%54.11%54.11%54.11%53.95%52.56%
DIIs5.53%5.53%5.53%5.53%5.53%5.53%5.53%5.53%5.53%5.53%5.53%5.53%
Public40.36%40.36%40.36%40.36%40.36%40.36%40.36%40.36%40.36%40.36%40.52%41.91%
No. of Shareholders9309309319309309309309309301,0021,0331,179

Padmanabh Alloys & Polymers Ltd Shareholding Pattern Chart

No. of Padmanabh Alloys & Polymers Ltd Shareholders

This stock is not held by any mutual fund

Padmanabh Alloys & Polymers Ltd ROCE Trend

Padmanabh Alloys & Polymers Ltd EPS Trend

Padmanabh Alloys & Polymers Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.480.050.340.880.91
Diluted EPS (Rs.)0.480.050.340.880.91
Cash EPS (Rs.)0.690.300.551.071.28
Book Value[Excl.RevalReserv]/Share (Rs.)14.4714.0213.9813.6612.82
Book Value[Incl.RevalReserv]/Share (Rs.)14.4714.0213.9813.6612.82
Revenue From Operations / Share (Rs.)72.6650.7751.2949.5260.69
PBDIT / Share (Rs.)1.600.881.181.931.89
PBIT / Share (Rs.)1.360.630.941.691.47
PBT / Share (Rs.)0.680.120.471.241.02
Net Profit / Share (Rs.)0.450.040.310.830.86
PBDIT Margin (%)2.201.742.293.883.11
PBIT Margin (%)1.871.241.833.412.42
PBT Margin (%)0.940.240.932.491.68
Net Profit Margin (%)0.620.090.621.691.42
Return on Networth / Equity (%)3.150.352.276.136.72
Return on Capital Employeed (%)9.204.396.6212.1311.27
Return On Assets (%)1.420.161.022.993.26
Total Debt / Equity (X)0.440.510.470.360.29
Asset Turnover Ratio (%)2.321.641.741.822.24
Current Ratio (X)1.661.551.641.751.73
Quick Ratio (X)1.131.061.271.231.12
Inventory Turnover Ratio (X)6.575.706.045.117.33
Interest Coverage Ratio (X)2.381.752.544.254.18
Interest Coverage Ratio (Post Tax) (X)1.681.101.692.852.90
Enterprise Value (Cr.)19.990.000.000.000.00
EV / Net Operating Revenue (X)0.480.000.000.000.00
EV / EBITDA (X)21.880.000.000.000.00
MarketCap / Net Operating Revenue (X)0.390.000.000.000.00
Price / BV (X)1.980.000.000.000.00
Price / Net Operating Revenue (X)0.390.000.000.000.00
EarningsYield0.010.000.000.000.00

Padmanabh Alloys & Polymers Ltd Profitability Ratios (%)

Padmanabh Alloys & Polymers Ltd Liquidity Ratios

Padmanabh Alloys & Polymers Ltd Liquidity Ratios (%)

Padmanabh Alloys & Polymers Ltd Interest Coverage Ratios (%)

Padmanabh Alloys & Polymers Ltd Valuation Ratios

Fair Value / Intrinsic Value of Padmanabh Alloys & Polymers Ltd

Fair Value: ₹30.51

The stock is undervalued by 19.18% compared to the current price ₹25.6

*Investments are subject to market risks

Strength and Weakness of Padmanabh Alloys & Polymers Ltd

StrengthWeakness
  1. The company has shown consistent growth in sales (28.03 cr) and profit (0.60 cr) over the years.
  1. The stock has a low average ROCE of 11.34%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 100.96, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 96.36, which may not be favorable.
  4. The company has higher borrowings (2.87) compared to reserves (0.76), which may suggest financial risk.

Should I Buy Padmanabh Alloys & Polymers Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Padmanabh Alloys & Polymers Ltd:
    1. Net Profit Margin: 0.62%
      • 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: 9.20% (Industry Average ROCE: 68.98%)
      • 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. Interest Coverage Ratio (Post Tax): 1.68
      • 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.
    4. Quick Ratio: 1.13
      • 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.
    5. ✗ Stock P/E: 59.3 (Industry average Stock P/E: 35.22)
      • 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.
    6. ✓ Total Debt / Equity: 0.44
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Padmanabh Alloys & 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