Polyplex Corporation Ltd
Commodity Chemicals
FV – Rs 10; 52wks H/L –378.8/195.9; TTQ – 4 K; CMP – Rs 346 (As On November 15th 2016; 13.00);
Market Cap – Rs 1094 Crs
Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 31.98 | 2322 | 714 | 3214 | 29.04 | 726 | 9.08 | 38.1 | 24.32 | 0.5 | 50.03 | 1.16 |
Consolidated Financials and Valuations for H1 FY17
Equity Capital |
Net worth |
Total Sales |
PAT | BV (Rs) |
TTM EPS (Rs) |
TTM P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 31.98 | 2438 | 1587 | 112.47 | 762 | 35.16 | 9.8 | 24.32 | 0.45 | 50.03 | 1.16 |
Valuation Parameters:
- Long Term Debt to Equity – 0.31
- ROE % – 1.25
- Market Cap/Sales – 0.34
The effective stake of Poylplex Corporation in Polyplex Thailand has increased to 54.08% from 51% earlier, the release added. The rights offering of shares has been made by Polyplex Thailand, at a price of Baht 6.40 per share of the face value of Baht 1.00 each. (http://www.business-standard.com/article/markets/polyplex-corporation-gains-on-raising-stake-in-overseas-arm-116061000316_1.html)
Polyplex ltd enjoys a global manufacturing presence across 5 locations in 4 countries and caters to around 1600 customers across 86 countries.
The Company is in the process of installing a new metalliser in India with an annual capacity of 8100 metric tonnes to widen the portfolio of metalised films. (Production expected to begin from Q2 Fy16-17)
Overview:
- Polyplex CorporationLtd is a manufacturer of thin polyester terephthalate (PET) films.
- The Company manufactures plastic films and resins. Its geographical segments include India and Outside India.
- Its business portfolio includes biaxially oriented polypropylene (BOPP) films and cast polypropylene (CPP) films.
- Its product lines consist of Sarafil, including BOPET films and BLOWN PP films; Saracote, including silicone coated films (PET/PP); Saralam, including extrusion coated film products, and Saraprint, including polyester films for digital print media sector.
- Its product applications include packaging, such as film for flexible pouches, peel-able seals and lids; industrial and specialties, such as labels, lamination films and medical test strips; electrical, such as thermal printing tapes and membrane touch switches; imaging, such as overhead transparencies and business graphics, and magnetics, such as video tape and audio cassette tape.
Management:
- Mr. Sanjeev Saraf – Chairman
Major Non – Promoter Holdings:
| Sr.No | Non – Promoters | No. of shares held | % of shares held |
| 1 | DSP Blackrock Small and Midcap Fund | 1020647 | 3.19 |
| 2 | Reliance Smallcap Fund | 1404314 | 4.39 |
| 3 | IL&FS Trust Co.Ltd | 4586055 | 14.34 |
| 4 | Keswani Haresh | 1548856 | 4.84 |
| 5 | Ricky Ishwardas Kirpalani | 1493710 | 4.67 |
Consolidated Financial Trends (In Rs. Crs) :
| Particulars | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
| Equity Paid Up | 31.98 | 31.98 | 31.98 | 31.98 | 31.98 | 31.98 |
| Networth | 2322 | 2121 | 2261 | 2006 | 1900 | 1607 |
| Total Debt | 1210 | 1530 | 1821 | 1422 | 590 | 620 |
| Net Sales | 3214 | 3322 | 3209 | 2598 | 2488 | 2460 |
| Other Income | 34 | 118 | 37 | 63 | 62 | 19 |
| PAT | 29.04 | 37.95 | -6.83 | 21.23 | 93.98 | 1055.57 |
| Book Value (Rs) | 726 | 663 | 707 | 627 | 594 | 503 |
| EPS (Rs) | 9.08 | 11.87 | -2.14 | 6.64 | 29.39 | 330.07 |
