Polyplex Corporation Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 25.60 11.60 -- (0.10)
Op profit growth 58 11.60 25.30 24.30
EBIT growth 66.60 (3.70) 106 (4.50)
Net profit growth 76.90 (31) 698 (23)
Profitability ratios (%)        
OPM 17.40 13.80 13.80 11
EBIT margin 13.10 9.89 11.50 5.56
Net profit margin 6.29 4.46 7.24 0.91
RoCE 12.10 8.33 8.89 4.09
RoNW 2.53 1.64 2.51 0.33
RoA 1.44 0.94 1.40 0.17
Per share ratios ()        
EPS 152 87.30 111 4.99
Dividend per share 17 40 7 3
Cash EPS 8.98 (8) 11 (55)
Book value per share 947 797 720 713
Valuation ratios        
P/E 1.97 5.32 3.78 41.60
P/CEPS 33.40 (58) 38.20 (3.80)
P/B 0.32 0.58 0.58 0.29
EV/EBIDTA 0.90 2.91 3.13 2.13
Payout (%)        
Dividend payout 59 80.20 8.28 33.10
Tax payout (26) (9.50) (4.60) (37)
Liquidity ratios        
Debtor days 50 52 51.20 47.40
Inventory days 50.60 51.20 48.20 48.10
Creditor days (26) (31) (30) (25)
Leverage ratios        
Interest coverage (33) (9) (7.80) (3.70)
Net debt / equity (0.10) 0.03 0.18 0.07
Net debt / op. profit (0.30) 0.17 0.96 0.45
Cost breakup ()        
Material costs (56) (60) (60) (60)
Employee costs (8.60) (8.50) (9.20) (9.20)
Other costs (18) (18) (17) (20)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 4,487 3,572 3,201 3,202
yoy growth (%) 25.60 11.60 -- (0.10)
Raw materials (2,510) (2,150) (1,936) (1,907)
As % of sales 55.90 60.20 60.50 59.60
Employee costs (387) (303) (293) (295)
As % of sales 8.63 8.49 9.17 9.22
Other costs (809) (625) (529) (647)
As % of sales 18 17.50 16.50 20.20
Operating profit 781 494 443 353
OPM 17.40 13.80 13.80 11
Depreciation (253) (185) (197) (209)
Interest expense (18) (39) (47) (48)
Other income 61.40 44.20 121 33.60
Profit before tax 571 314 320 130
Taxes (146) (30) (15) (48)
Tax rate (26) (9.50) (4.60) (37)
Minorities and other (212) (125) (130) 12.80
Adj. profit 213 159 175 94.70
Exceptional items 69.40 -- 56.30 (66)
Net profit 282 159 232 29
yoy growth (%) 76.90 (31) 698 (23)
NPM 6.29 4.46 7.24 0.91
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 571 314 320 130
Depreciation (253) (185) (197) (209)
Tax paid (146) (30) (15) (48)
Working capital 460 170 (605) 29.10
Other operating items -- -- -- --
Operating cashflow 631 269 (496) (98)
Capital expenditure 3,106 1,770 230 65.80
Free cash flow 3,737 2,039 (266) (32)
Equity raised 4,748 4,457 4,285 4,358
Investments 204 66 33.60 (15)
Debt financing/disposal 63.30 (374) (1,256) (360)
Dividends paid 166 128 19.20 9.60
Other items -- -- -- --
Net in cash 8,919 6,316 2,816 3,960
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 32.60 32.60 32.60 32.60
Preference capital -- -- -- --
Reserves 2,997 2,739 2,516 2,270
Net worth 3,029 2,771 2,548 2,302
Minority interest
Debt 758 786 863 810
Deferred tax liabilities (net) 39.90 3.38 2.94 1.50
Total liabilities 5,285 4,796 4,486 3,999
Fixed assets 2,854 2,423 2,226 2,195
Intangible assets
Investments 233 123 133 99.80
Deferred tax asset (net) 108 55.90 52.30 54.40
Net working capital 1,129 1,410 1,293 1,265
Inventories 678 664 567 436
Inventory Days 55.10 -- 57.90 49.70
Sundry debtors 679 601 550 468
Debtor days 55.20 -- 56.20 53.40
Other current assets 334 557 562 720
Sundry creditors (256) (239) (272) (259)
Creditor days 20.90 -- 27.80 29.50
Other current liabilities (306) (173) (113) (100)
Cash 961 784 781 385
Total assets 5,285 4,796 4,486 3,999
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Particulars ( Rupees In Crores.) Mar-2020 Mar-2019 Mar-2018 Mar-2017 Mar-2016
Gross Sales 4,487 4,570 3,588 3,251 3,252
Excise Duty -- -- 15.70 50.10 50.20
Net Sales 4,487 4,570 3,572 3,201 3,202
Other Operating Income -- -- -- -- --
Other Income 131 164 44.20 177 33.60
Total Income 4,618 4,733 3,617 3,378 3,236
Total Expenditure ** 3,706 3,839 3,078 2,758 2,914
PBIDT 912 895 538 620 321
Interest 18 29.10 39.40 47 48.10
PBDT 894 866 499 573 273
Depreciation 253 209 185 197 209
Minority Interest Before NP -- -- -- -- --
Tax 94.20 74.90 28.30 14.60 7.65
Deferred Tax 52.20 (1.90) 1.48 0.10 40.30
Reported Profit After Tax 494 584 284 361 16.30
Minority Interest After NP 212 254 125 130 (13)
Net Profit after Minority Interest 282 330 159 232 29
Extra-ordinary Items 53.50 -- -- 54.10 (18)
Adjusted Profit After Extra-ordinary item 229 330 159 178 46.80
EPS (Unit Curr.) 88.20 103 49.90 72.40 9.08
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) 170 510 400 70 30
Equity 32 32 32 32 32
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 20.30 19.60 15.10 19.40 10
PBDTM(%) 19.90 18.90 14 17.90 8.53
PATM(%) 11 12.80 7.95 11.30 0.51