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

Fundamental Analysis of Premier Polyfilm Ltd

About the Company - Premier Polyfilm Ltd

Premier Polyfilm Ltd. is a Public Limited Listed company incorporated on 17/07/1992 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L25209DL1992PLC049590 and registration number is 049590. Currently company belongs to the Industry of Plastics - Sheets/Films. Company’s Total Operating Revenue is Rs. 212.84 Cr. and Equity Capital is Rs. 10.59 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Sheets/FilmsFlat No. 305, III Floor, Elite House, New Delhi Delhi 110048compliance.officer@premierpoly.com
http://www.premierpoly.com
Management
NamePosition Held
Mr. Amitaabh GoenkaManaging Director & CEO
Mr. R B VermaExecutive Director
Mrs. Bhupinder Kaur MarwahInd. Non-Executive Director
Mrs. Rashmee SinghaniaInd. Non-Executive Director
Mr. Santosh Kumar DabriwalaInd. Non-Executive Director
Mr. Umesh Kumar AgarwallaInd. Non-Executive Director

Premier Polyfilm Ltd. Share Price Update

Share PriceValue
Today₹154.40
Previous Day₹162.00

Basic Stock Data of Premier Polyfilm Ltd

Market Cap 404 Cr.
Current Price 193
High / Low230/68.0
Stock P/E22.0
Book Value 39.6
Dividend Yield0.24 %
ROCE19.6 %
ROE17.0 %
Face Value 5.00

Data Source: screener.in

Competitors of Premier Polyfilm Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rajshree Polypack Ltd 311 Cr. 272284/13932.1 1170.19 %11.2 %8.84 % 10.0
Tainwala Chemicals & Plastics (India) Ltd 135 Cr. 144167/97.255.5 1180.00 %2.74 %2.17 % 10.0
Industry Average223 Cr20843.8117.50.1%6.97%5.51%10

Premier Polyfilm Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales35.2147.1052.4934.7835.2162.6359.6763.2363.8062.5963.8864.0667.25
Expenses31.6542.5244.8830.6031.6556.8055.5858.5959.1355.9556.9755.6958.72
Operating Profit3.564.587.614.183.565.834.094.644.676.646.918.378.53
OPM %10.11%9.72%14.50%12.02%10.11%9.31%6.85%7.34%7.32%10.61%10.82%13.07%12.68%
Other Income0.000.000.000.000.000.000.000.000.000.000.000.000.00
Interest0.720.450.400.440.720.610.520.650.801.020.260.720.62
Depreciation0.881.161.131.020.881.051.061.051.121.361.401.271.32
Profit before tax1.962.976.082.721.964.172.512.942.754.265.256.386.59
Tax %25.51%25.25%21.05%18.38%25.51%33.57%43.82%25.17%29.45%28.17%14.67%25.08%25.80%
Net Profit1.462.224.802.221.462.771.412.201.943.064.484.784.89
EPS in Rs0.701.062.291.060.701.320.671.050.931.462.142.282.33

Premier Polyfilm Ltd Quarterly Chart

Premier Polyfilm Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6270818495103126150147151212252256
Expenses596676798795116139133135193230225
Operating Profit34558910111416192231
OPM %5%6%6%6%9%8%8%7%9%10%9%9%12%
Other Income2211222212110
Interest1111233332232
Depreciation2221323344455
Profit before tax23345676911141524
Tax %20%41%11%34%33%36%34%28%29%23%30%23%
Net Profit2233445468101218
EPS in Rs0.910.911.401.301.751.722.242.132.964.024.675.588.77
Dividend Payout %0%0%0%0%29%29%23%24%0%13%11%9%

Premier Polyfilm Ltd Profit & Loss Yearly Chart

Premier Polyfilm Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:15%
3 Years:20%
TTM:3%
Compounded Profit Growth
10 Years:21%
5 Years:20%
3 Years:23%
TTM:113%
Stock Price CAGR
10 Years:44%
5 Years:51%
3 Years:72%
1 Year:115%
Return on Equity
10 Years:14%
5 Years:16%
3 Years:17%
Last Year:17%

Premier Polyfilm Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111111111111
Reserves9111417212428313644526372
Borrowings10641516253228271423230
Other Liabilities13141514172120202022344056
Total Liabilities43424457668090909490120137139
Fixed Assets1210914222931414239405354
CWIP0007002001210
Investments0000100003445
Other Assets31323536435157495148747880
Total Assets43424457668090909490120137139

Premier Polyfilm Ltd Reserves and Borrowings Chart

Premier Polyfilm Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -038164316717412
Cash from Investing Activity -52-3-10-5-8-8-9-7-4-7-17
Cash from Financing Activity 4-5-4112-23-9-6-6-22
Net Cash Flow-1-0123-6-2-1-57-5-3

Premier Polyfilm Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days526056695868545454433947
Inventory Days1221067963841051146780578060
Days Payable514958455771453946264038
Cash Conversion Cycle1221177686851021238388737968
Working Capital Days747456615766714664343031
ROCE %12%15%15%14%16%15%15%13%16%18%21%20%

Premier Polyfilm Ltd Financial Efficiency Indicators Chart

Premier Polyfilm Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters47.81%47.81%47.81%67.42%67.42%67.42%67.52%67.47%67.47%67.47%67.47%67.46%
DIIs1.43%1.43%1.43%1.43%1.43%1.43%1.43%1.43%1.43%1.43%1.43%1.43%
Public50.76%50.76%50.76%31.15%31.15%31.15%31.05%31.11%31.10%31.10%31.11%31.13%
No. of Shareholders8,0978,3488,65610,07910,45210,85411,14111,53312,01411,95211,83312,359

Premier Polyfilm Ltd Shareholding Pattern Chart

No. of Premier Polyfilm Ltd Shareholders

This stock is not held by any mutual fund

Premier Polyfilm Ltd ROCE Trend

Premier Polyfilm Ltd EPS Trend

Premier Polyfilm Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)5.584.674.022.972.13
Diluted EPS (Rs.)5.584.674.022.972.13
Cash EPS (Rs.)7.846.605.884.733.73
Book Value[Excl.RevalReserv]/Share (Rs.)34.6729.7925.6821.8519.66
Book Value[Incl.RevalReserv]/Share (Rs.)34.6729.7925.6821.8519.66
Dividend / Share (Rs.)0.500.500.500.000.50
Revenue From Operations / Share (Rs.)119.31100.4971.2669.5471.03
PBDIT / Share (Rs.)10.799.488.087.226.02
PBIT / Share (Rs.)8.477.516.175.434.40
PBT / Share (Rs.)7.186.555.174.112.92
Net Profit / Share (Rs.)5.514.623.972.932.11
PBDIT Margin (%)9.049.4311.3310.398.47
PBIT Margin (%)7.097.478.667.806.19
PBT Margin (%)6.016.527.255.904.11
Net Profit Margin (%)4.624.595.574.212.96
Return on Networth / Equity (%)15.9015.5015.4713.4210.71
Return on Capital Employeed (%)20.3021.5720.6621.2319.05
Return On Assets (%)8.478.099.216.554.91
Long Term Debt / Equity (X)0.000.000.090.080.08
Total Debt / Equity (X)0.000.000.310.540.52
Asset Turnover Ratio (%)1.952.011.621.591.66
Current Ratio (X)1.531.491.651.211.15
Quick Ratio (X)0.930.771.080.690.69
Inventory Turnover Ratio (X)5.536.115.094.654.49
Dividend Payout Ratio (NP) (%)8.9810.730.0016.8523.47
Dividend Payout Ratio (CP) (%)6.327.510.0010.4413.26
Earning Retention Ratio (%)91.0289.270.0083.1576.53
Cash Earning Retention Ratio (%)93.6892.490.0089.5686.74
Interest Coverage Ratio (X)8.379.958.085.494.08
Interest Coverage Ratio (Post Tax) (X)5.285.844.973.232.43
Enterprise Value (Cr.)144.50150.6384.0162.5666.08
EV / Net Operating Revenue (X)0.570.700.550.420.43
EV / EBITDA (X)6.327.504.914.095.18
MarketCap / Net Operating Revenue (X)0.600.750.490.280.33
Retention Ratios (%)91.0189.260.0083.1476.52
Price / BV (X)2.092.541.380.901.20
Price / Net Operating Revenue (X)0.600.750.490.280.33
EarningsYield0.070.060.110.140.08

Premier Polyfilm Ltd Profitability Ratios (%)

Premier Polyfilm Ltd Liquidity Ratios

Premier Polyfilm Ltd Liquidity Ratios (%)

Premier Polyfilm Ltd Interest Coverage Ratios (X)

Premier Polyfilm Ltd Valuation Ratios

Fair Value / Intrinsic Value of Premier Polyfilm Ltd

Fair Value: ₹148.46

The stock is overvalued by 23.08% compared to the current price ₹193

*Investments are subject to market risks

Strength and Weakness of Premier Polyfilm Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 15.83%, which is a positive sign.
  2. The company has higher reserves (32.46 cr) compared to borrowings (17.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (137.62 cr) and profit (8.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 8.32 and average Dividend Yield of 7.44%.
  2. The stock has a high average Working Capital Days of 55.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 91.83, which may not be favorable.

Should I Buy Premier Polyfilm Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Premier Polyfilm Ltd:
    1. Net Profit Margin: 4.62%
      • 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: 20.30% (Industry Average ROCE: 6.97%)
      • 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): 5.28
      • 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: 0.93
      • 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: 23.2 (Industry average Stock P/E: 43.8)
      • 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: 0.00
      • 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 Premier Polyfilm 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