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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

United Polyfab Gujarat Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:17 pm

Market Cap 297 Cr.
Current Price 129
High / Low144/78.6
Stock P/E28.5
Book Value 38.5
Dividend Yield0.00 %
ROCE11.0 %
ROE8.49 %
Face Value 10.0
PEG Ratio0.40

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

View Share Price Target for United Polyfab Gujarat Ltd

Competitors of United Polyfab Gujarat Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat Metallic Coal & Coke Ltd 5.94 Cr. 30.032.8/19.9 77.60.00 %0.37 %2.00 % 100
Gensol Engineering Ltd 3,121 Cr. 8241,377/70938.3 1550.00 %14.3 %20.1 % 10.0
Gagan Polycot India Ltd 0.86 Cr. 0.86/ 4.080.00 %81.2 %81.2 % 10.0
Fusion Micro Finance Ltd 1,772 Cr. 176675/161 2510.00 %14.1 %19.6 % 10.0
Five X Tradecom Ltd 0.99 Cr. 0.48/ 9.350.00 %0.00 %0.00 % 10.0
Industry Average2,385.21N/A93.12N/AN/A20.7662.16N/A

All Competitor Stocks of United Polyfab Gujarat Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales73.24129.36174.83184.12172.76170.15147.86154.97179.62210.46240.09241.83216.10
Expenses64.71122.83168.81178.70158.09162.68141.13147.30172.86202.49232.67233.69208.12
Operating Profit8.536.536.025.4214.677.476.737.676.767.977.428.147.98
OPM %11.65%5.05%3.44%2.94%8.49%4.39%4.55%4.95%3.76%3.79%3.09%3.37%3.69%
Other Income0.35-1.885.693.06-6.490.030.200.340.321.660.520.300.35
Interest3.430.142.683.821.822.372.211.942.302.342.192.132.38
Depreciation2.603.093.093.093.103.153.153.153.183.423.183.193.20
Profit before tax2.851.425.941.573.261.981.572.921.603.872.573.122.75
Tax %48.42%-6.34%17.17%29.30%41.72%7.58%48.41%35.62%39.38%14.73%36.19%42.63%104.73%
Net Profit1.481.514.931.111.901.830.811.880.973.291.641.80-0.13
EPS in Rs0.710.722.350.530.910.870.390.900.461.570.780.78-0.06

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales19313540104163264210661653908836
Expenses1829313590141243186628624877804
Operating Profit-012351422222433293132
OPM %-2%9%7%9%12%13%14%8%11%5%4%3%4%
Other Income0010000101131
Interest000113871299910
Depreciation01222911111012131313
Profit before tax0011223421281211
Tax %0%29%31%32%31%32%39%16%79%23%32%46%
Net Profit0001112309577
EPS in Rs0.000.290.510.890.610.780.911.650.214.492.622.883.14
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212022-20232023-2024
YoY Net Profit Growth (%)0.00%0.00%100.00%50.00%-100.00%-44.44%40.00%
Change in YoY Net Profit Growth (%)0.00%0.00%100.00%-50.00%-150.00%55.56%84.44%

United Polyfab Gujarat Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:58%
5 Years:41%
3 Years:63%
TTM:-4%
Compounded Profit Growth
10 Years:37%
5 Years:24%
3 Years:136%
TTM:34%
Stock Price CAGR
10 Years:%
5 Years:121%
3 Years:96%
1 Year:37%
Return on Equity
10 Years:8%
5 Years:9%
3 Years:12%
Last Year:8%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital3333667721212123
Reserves33452122353925344057
Borrowings61818126010611999108121114125
Other Liabilities253152849434616342338
Total Liabilities14292735114183204191170210198243
Fixed Assets31717168475127117108979380
CWIP00094641001025
Investments001111110000
Other Assets11121092543757361112104138
Total Assets14292735114183204191170210198243

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-8347-2-314312710182
Cash from Investing Activity +-3-14-2-10-65-59-1-11-2-2-10-21
Cash from Financing Activity +1112-117259-13-22-274-1312
Net Cash Flow-002-15-30-1-112-5-7

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-6.00-17.00-16.00-9.00-55.00-92.00-97.00-77.00-84.00-88.00-85.00-94.00

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 Days36515615265759907085474040
Inventory Days09916314336371073911
Days Payable111665891540252915610
Cash Conversion Cycle36514424-81179875662354341
Working Capital Days1,498151178-965834375364442
ROCE %0%3%4%8%5%4%8%7%9%13%10%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters40.51%40.51%40.55%45.54%45.54%45.54%45.54%45.54%45.54%50.29%50.29%50.29%
FIIs0.00%0.00%0.00%0.00%6.70%6.70%6.70%6.70%6.70%6.12%6.12%6.12%
DIIs6.70%6.70%6.70%6.70%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public52.80%52.79%52.75%47.76%47.75%47.76%47.76%47.76%47.76%43.59%43.59%43.59%
No. of Shareholders70717971,1811,7073,1262,9802,7942,4492,6713,2213,446

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24
FaceValue10.00
Basic EPS (Rs.)3.09
Diluted EPS (Rs.)3.09
Cash EPS (Rs.)8.46
Book Value[Excl.RevalReserv]/Share (Rs.)34.70
Book Value[Incl.RevalReserv]/Share (Rs.)34.70
Revenue From Operations / Share (Rs.)395.82
PBDIT / Share (Rs.)14.88
PBIT / Share (Rs.)9.30
PBT / Share (Rs.)5.36
Net Profit / Share (Rs.)2.88
NP After MI And SOA / Share (Rs.)2.88
PBDIT Margin (%)3.75
PBIT Margin (%)2.34
PBT Margin (%)1.35
Net Profit Margin (%)0.72
NP After MI And SOA Margin (%)0.72
Return on Networth / Equity (%)8.29
Return on Capital Employeed (%)13.45
Return On Assets (%)2.72
Long Term Debt / Equity (X)0.88
Total Debt / Equity (X)1.58
Current Ratio (X)1.64
Quick Ratio (X)1.34
Interest Coverage Ratio (X)3.78
Interest Coverage Ratio (Post Tax) (X)1.73
Enterprise Value (Cr.)330.67
EV / Net Operating Revenue (X)0.36
EV / EBITDA (X)9.68
MarketCap / Net Operating Revenue (X)0.23
Price / BV (X)2.64
Price / Net Operating Revenue (X)0.23
EarningsYield0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of United Polyfab Gujarat Ltd as of November 22, 2024 is: 95.02

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, United Polyfab Gujarat Ltd is Overvalued by 26.34% compared to the current share price 129.00

Intrinsic Value of United Polyfab Gujarat Ltd as of November 22, 2024 is: 163.21

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, United Polyfab Gujarat Ltd is Undervalued by 26.52% compared to the current share price 129.00

Last 5 Year EPS CAGR: 71.77%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (301.15 cr) and profit (4.46 cr) over the years.
  1. The stock has a low average ROCE of 6.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 46.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 78.25, which may not be favorable.
  4. The company has higher borrowings (75.50) compared to reserves (24.00), 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 United Polyfab Gujarat Ltd:
    1. Net Profit Margin: 0.72%
      • 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: 13.45% (Industry Average ROCE: 20.76%)
      • 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%: 8.29% (Industry Average ROE: 62.16%)
      • 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): 1.73
      • 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: 1.34
      • 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: 28.5 (Industry average Stock P/E: 93.12)
      • 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: 1.58
      • 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

United Polyfab Gujarat Ltd. is a Public Limited Listed company incorporated on 16/11/2010 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L18109GJ2010PLC062928 and registration number is 062928. Currently Company is involved in the business activities of Textile, leather and other apparel products. Company’s Total Operating Revenue is Rs. 661.07 Cr. and Equity Capital is Rs. 20.95 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - DenimSurvey No.238/239, Shahwadi, Ahmedabad Gujarat 382405info@unitedpolyfab.com
http://www.upgl.in
Management
NamePosition Held
Mr. Gagan Nirmalkumar MittalChairman & Managing Director
Mr. Ritesh Kamalkishore HadaNon Exe.Non Ind.Director
Mr. Nirmalkumar Mangalchand MittalNon Exe.Non Ind.Director
Ms. Sejal Shantilal ParmarInd. Non-Executive Director
Ms. Rashmi Kamlesh OtavaniInd. Non-Executive Director
Mr. Safalkumar Hasmukhbhai PatelInd. Non-Executive Director

FAQ

What is the latest intrinsic value of United Polyfab Gujarat Ltd?

The latest intrinsic value of United Polyfab Gujarat Ltd as on 22 November 2024 is ₹95.02, which is 26.34% lower than the current market price of ₹129.00.

What is the Market Cap of United Polyfab Gujarat Ltd?

The Market Cap of United Polyfab Gujarat Ltd is 297 Cr..

What is the current Stock Price of United Polyfab Gujarat Ltd as on 22 November 2024?

The current stock price of United Polyfab Gujarat Ltd as on 22 November 2024 is ₹129.

What is the High / Low of United Polyfab Gujarat Ltd stocks in FY 2024?

In FY 2024, the High / Low of United Polyfab Gujarat Ltd stocks is 144/78.6.

What is the Stock P/E of United Polyfab Gujarat Ltd?

The Stock P/E of United Polyfab Gujarat Ltd is 28.5.

What is the Book Value of United Polyfab Gujarat Ltd?

The Book Value of United Polyfab Gujarat Ltd is 38.5.

What is the Dividend Yield of United Polyfab Gujarat Ltd?

The Dividend Yield of United Polyfab Gujarat Ltd is 0.00 %.

What is the ROCE of United Polyfab Gujarat Ltd?

The ROCE of United Polyfab Gujarat Ltd is 11.0 %.

What is the ROE of United Polyfab Gujarat Ltd?

The ROE of United Polyfab Gujarat Ltd is 8.49 %.

What is the Face Value of United Polyfab Gujarat Ltd?

The Face Value of United Polyfab Gujarat 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 United Polyfab Gujarat 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