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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Premier Polyfilm Ltd

Basic Stock Data

Last Updated: June 17, 2024, 8:17 pm

Market Cap 469 Cr.
Current Price 224
High / Low254/91.0
Stock P/E22.8
Book Value 45.1
Dividend Yield0.22 %
ROCE30.6 %
ROE24.5 %
Face Value 5.00
PEG Ratio0.84

Competitors of Premier Polyfilm Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Amco India Ltd 25.5 Cr. 62.072.9/48.630.7 86.60.00 %4.69 %2.36 % 10.0
Bansal Roofing Products Ltd 101 Cr. 76.3129/64.928.3 20.90.00 %17.2 %13.7 % 10.0
Tainwala Chemicals & Plastics (India) Ltd 154 Cr. 165218/10632.1 1260.00 %5.13 %4.45 % 10.0
Rajshree Polypack Ltd 270 Cr. 73.6130/49.728.4 43.50.23 %9.21 %6.67 % 10.0
Jai Corp Ltd 6,784 Cr. 380424/161128 83.30.13 %4.50 %3.94 % 1.00
Industry Average1,466.90 Cr151.3849.5072.060.07%8.15%6.22%8.20

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales52.4934.7835.2162.6359.6763.2363.8062.5963.8864.0667.2560.9769.46
Expenses44.8830.6031.6556.8055.5858.5959.1355.9556.9755.6958.7253.6759.19
Operating Profit7.614.183.565.834.094.644.676.646.918.378.537.3010.27
OPM %14.50%12.02%10.11%9.31%6.85%7.34%7.32%10.61%10.82%13.07%12.68%11.97%14.79%
Other Income0.000.000.000.000.000.000.000.000.000.000.000.000.00
Interest0.400.440.720.610.520.650.801.020.260.720.620.380.32
Depreciation1.131.020.881.051.061.051.121.361.401.271.321.291.28
Profit before tax6.082.721.964.172.512.942.754.265.256.386.595.638.67
Tax %21.05%18.38%25.51%33.57%43.82%25.17%29.45%28.17%14.67%25.08%25.80%24.87%22.72%
Net Profit4.802.221.462.771.412.201.943.064.484.784.894.236.70
EPS in Rs2.291.060.701.320.671.050.931.462.142.282.332.023.20

Last Updated: June 9, 2024, 5:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 26, 2024, 11:57 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales70818495103126150147151212252262
Expenses6676798795116139133135193230227
Operating Profit4558910111416192234
OPM %6%6%6%9%8%8%7%9%10%9%9%13%
Other Income211222212110
Interest111233332232
Depreciation221323344455
Profit before tax3345676911141527
Tax %41%11%34%33%36%34%28%29%23%30%23%24%
Net Profit233445468101221
EPS in Rs0.911.401.301.751.722.242.132.964.024.675.589.83
Dividend Payout %0%0%0%29%29%23%24%0%13%11%9%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 (%)50.00%0.00%33.33%0.00%25.00%-20.00%50.00%33.33%25.00%20.00%75.00%
Change in YoY Net Profit Growth (%)0.00%-50.00%33.33%-33.33%25.00%-45.00%70.00%-16.67%-8.33%-5.00%55.00%

Growth

Compounded Sales Growth
10 Years:12%
5 Years:12%
3 Years:20%
TTM:4%
Compounded Profit Growth
10 Years:21%
5 Years:36%
3 Years:35%
TTM:76%
Stock Price CAGR
10 Years:37%
5 Years:58%
3 Years:66%
1 Year:137%
Return on Equity
10 Years:16%
5 Years:19%
3 Years:20%
Last Year:24%

Last Updated: June 17, 2024, 2:47 pm

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

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

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-2.001.00-10.00-8.00-16.00-22.00-17.00-13.002.00-4.00-1.0034.00

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

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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters47.81%67.42%67.42%67.42%67.52%67.47%67.47%67.47%67.47%67.46%67.31%67.37%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
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%31.15%31.15%31.15%31.05%31.11%31.10%31.10%31.11%31.13%31.26%31.20%
No. of Shareholders8,65610,07910,45210,85411,14111,53312,01411,95211,83312,35913,62411,862

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
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)9.835.584.674.022.97
Diluted EPS (Rs.)9.835.584.674.022.97
Cash EPS (Rs.)12.167.846.605.884.73
Book Value[Excl.RevalReserv]/Share (Rs.)44.5834.6729.7925.6821.85
Book Value[Incl.RevalReserv]/Share (Rs.)44.5834.6729.7925.6821.85
Dividend / Share (Rs.)0.750.500.500.500.00
Revenue From Operations / Share (Rs.)139.58119.31100.4971.2669.54
PBDIT / Share (Rs.)16.2710.799.488.087.22
PBIT / Share (Rs.)13.848.477.516.175.43
PBT / Share (Rs.)12.887.186.555.174.11
Net Profit / Share (Rs.)9.735.514.623.972.93
PBDIT Margin (%)11.659.049.4311.3310.39
PBIT Margin (%)9.917.097.478.667.80
PBT Margin (%)9.226.016.527.255.90
Net Profit Margin (%)6.964.624.595.574.21
Return on Networth / Equity (%)21.8115.9015.5015.4713.42
Return on Capital Employeed (%)27.7820.3021.5720.6621.23
Return On Assets (%)15.478.478.099.216.55
Long Term Debt / Equity (X)0.000.000.000.090.08
Total Debt / Equity (X)0.000.000.000.310.54
Asset Turnover Ratio (%)2.181.952.011.621.59
Current Ratio (X)2.481.531.491.651.21
Quick Ratio (X)1.750.930.771.080.69
Inventory Turnover Ratio (X)6.255.536.115.094.65
Dividend Payout Ratio (NP) (%)0.008.9810.730.0016.85
Dividend Payout Ratio (CP) (%)0.006.327.510.0010.44
Earning Retention Ratio (%)0.0091.0289.270.0083.15
Cash Earning Retention Ratio (%)0.0093.6892.490.0089.56
Interest Coverage Ratio (X)16.908.379.958.085.49
Interest Coverage Ratio (Post Tax) (X)11.105.285.844.973.23
Enterprise Value (Cr.)407.90144.50150.6384.0162.56
EV / Net Operating Revenue (X)1.380.570.700.550.42
EV / EBITDA (X)11.836.327.504.914.09
MarketCap / Net Operating Revenue (X)1.400.600.750.490.28
Retention Ratios (%)0.0091.0189.260.0083.14
Price / BV (X)4.372.092.541.380.90
Price / Net Operating Revenue (X)1.400.600.750.490.28
EarningsYield0.040.070.060.110.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 252.48

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.

Undervalued: 12.72% compared to the current price 224

Intrinsic Value: 320.98

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 43.30% compared to the current price ₹224

Last 5 Year EPS CAGR: 27.13%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.83%, which is a positive sign.
  2. The company has higher reserves (35.42 cr) compared to borrowings (17.75 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (144.42 cr) and profit (9.17 cr) over the years.
  1. The stock has a high average Working Capital Days of 55.33, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 91.83, which may not be favorable.

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 Premier Polyfilm Ltd:
    1. Net Profit Margin: 6.96%
      • 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: 27.78% (Industry Average ROCE: %)
      • 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%: 21.81% (Industry Average ROE: %)
      • 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): 11.10
      • 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: 1.75
      • 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: 22.8 (Industry average Stock P/E: )
      • 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: 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 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

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

FAQ

What is the latest fair value of Premier Polyfilm Ltd?

The latest fair value of Premier Polyfilm Ltd is ₹252.48.

What is the Market Cap of Premier Polyfilm Ltd?

The Market Cap of Premier Polyfilm Ltd is 469 Cr..

What is the current Stock Price of Premier Polyfilm Ltd as on 18 June 2024?

The current stock price of Premier Polyfilm Ltd as on 18 June 2024 is ₹224.

What is the High / Low of Premier Polyfilm Ltd stocks in FY 2024?

In FY 2024, the High / Low of Premier Polyfilm Ltd stocks is 254/91.0.

What is the Stock P/E of Premier Polyfilm Ltd?

The Stock P/E of Premier Polyfilm Ltd is 22.8.

What is the Book Value of Premier Polyfilm Ltd?

The Book Value of Premier Polyfilm Ltd is 45.1.

What is the Dividend Yield of Premier Polyfilm Ltd?

The Dividend Yield of Premier Polyfilm Ltd is 0.22 %.

What is the ROCE of Premier Polyfilm Ltd?

The ROCE of Premier Polyfilm Ltd is 30.6 %.

What is the ROE of Premier Polyfilm Ltd?

The ROE of Premier Polyfilm Ltd is 24.5 %.

What is the Face Value of Premier Polyfilm Ltd?

The Face Value of Premier Polyfilm Ltd is 5.00.

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 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