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Content
ISIN
INE791D01010
Face Value
₹10.00
Total Income
₹372.03 Cr
Profit After Tax
₹10.15 Cr
EPS
₹24.85
P/E
13.28
P/B
0.85
Market Capitalisation
₹134.80 Cr
Enterprise Value
₹349.91 Cr
Book Value
₹386.98
Intrinsic Value
₹694.50
Earnings Yield
7.53 %
Sector
Materials
Sub-sector
Pakaging
Category
Micro Cap
Cashflow - Operations
₹19.34 Cr
Cashflow - Financing
-₹9.88 Cr
Compounded Sales Growth
36.31%
1 Year
7.94%
3 Year
7.90%
5 Year
Compounded Profit Growth
19.64%
1 Year
5.70%
3 Year
14.65%
5 Year
Return On Equity
6.42%
2022
7.54%
2020
5.12%
2018
The company has the following assets as of 31.03.2022:
Particulars | Amount (in ₹ Cr.) |
Office Building | 70.5 |
Land | 25.1 |
Factory | 1.0 |
Other Plant and Equipment | 32.8 |
Vehicles | 1.5 |
Furniture and fixtures | 1 |
Office equipment | 0.1 |
Cash | 5.4 |
Total | 137.4 |
Economic Overview:
Industry Overview:
Classification of Industry:
The various types of polyethylene fiber include:
Type | Density (gm/cm3) | Manufacturing Application |
Very-low-density polyethylene (VLDPE) | 0.880-0.915 | packaging, stretch wraps, and plastic film applications. |
Low-density polyethylene (LDPE) | 0.910-0.940 | rigid containers and plastic bags. |
Linear low-density polyethylene (LLDPE) | 0.915-0.925 | packaging, films, bags, and sheets. |
Medium-density polyethylene (MDPE) | 0.926-0.940 | packaging, films, bags, and pipes. |
Cross-linked polyethylene (PEX or XLPE) | High-Temperature Applications | |
High-density polyethylene (HDPE) | 0.941 | packaging, bottles, tubes, containers, and pipes. |
Ultra-high-molecular-weight polyethylene (UHMWPE) | 3.5 and 7.5 million Atomic Mass Units | bulletproof vests and other high-performance equipment, including machine parts, bearings, gears, cables, and joints. |
The industry is dependent on the performance of core sectors like agriculture, fertilizer, cement and exports, hence it becomes imperative to understand the performance of these industries. The policy changes in infrastructure and good monsoons during the year have generally been an added contributing factor for the industry.
Performance of the Cement industry:
Performance of the Fertilizer industry:
Performance of the Agriculture industry:
Key Drivers:
Macro Weather Forecast: One of the biggest industries in India is the plastics market. More than 2,000 exporters work in the sector, which is widespread across the nation. In 4-5 years, the Indian government hopes to increase the economic activity in the plastic industry from its current level of ₹3 lakh crores (US$ 37.8 billion) to ₹10 lakh crores (US$ 126 billion). India saw a significant increase in exports over 2020–21 in terms of value. Overall, the overall exports of plastics in 2021–22 saw a high increase and rose by 35.4% from the previous year. In comparison to 2020–21, the exports of FRP and composites, pipes and fittings, and human hair all climbed by 100%, 67%, and 48%, respectively. India’s Ministry of Commerce & Industry wants to double its plastic exports to $25 billion by 2025. To increase the nation’s output of plastic production, numerous plastic parks are being established in it gradually.
Hindrances: Jute is the chief competitor of HDPE/PP/other MMT(Man-made Textile) used in bulk packaging.
JUTE | PPIHDPE WOVEN SACKS |
Heavier as compared to PP and HDPE | Light in weight |
Susceptible to insect infestation | Not susceptible to insect infestation |
Mote cost as against PIVHDPE | Cost-effective |
U.V degradation | U.V resistant |
6. Peers: Following is a comparison of the company with respect to some of the listed players using widely used KPIs:
Scrip | Market Cap (₹ Cr.) | 2022 Sales (₹ Cr.) | 5yr Sales CAGR | 5yr NPM CAGR | Average yearly EBIT margin | PE | DE | ROE |
Jumbo Bag | 20 | 201.54 | 6% | 9% | 6% | 17 | 1.3 | 14% |
Gujarat Craft Industries Ltd | 45.7 | 170.8 | 12% | 44% | 8% | 9.5 | 0.68 | 16% |
Dalmia Laminators | 134.8 | 207.73 | 8% | 15% | 13% | 13.3 | 1.24 | 6% |
Shree Tirupati Balajee FIBC Ltd | 171 | 197.76 | 23% | 18% | 7% | 10.46 | 0.88 | 14% |
Assets: The company has 3 state-of-the-art manufacturing facilities in Tamil Nadu and Andhra Pradesh cumulatively spanning over 56,000 sq. mt.
RECOMMENDATION
Buy
Industry Statistics
PRIVATE LIMITED
Registered In
India
last Updated
20/12/2022
Registered Date
03/03/1986
Planify Ticker
DL
Reg Office: 130, Cotton St, Raja Katra, Bara Bazar, Barabazar Market, Kolkata, West Bengal 700007