BSE:517437

Stock Analysis Report

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Executive Summary

Dutron Polymers Limited manufactures and sells plastic pipes and fittings in India and internationally.


Snowflake Analysis

Acceptable track record with mediocre balance sheet.

Share Price & News

How has Dutron Polymers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 517437's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

18.0%

517437

0.8%

IN Building

1.8%

IN Market


1 Year Return

-11.6%

517437

-39.6%

IN Building

-23.7%

IN Market

Return vs Industry: 517437 exceeded the Indian Building industry which returned -39.6% over the past year.

Return vs Market: 517437 exceeded the Indian Market which returned -23.7% over the past year.


Shareholder returns

517437IndustryMarket
7 Day18.0%0.8%1.8%
30 Day20.7%-8.6%-0.5%
90 Day17.1%-35.8%-22.2%
1 Year-11.6%-11.6%-37.1%-39.6%-22.2%-23.7%
3 Year-12.8%-13.4%-28.1%-32.5%-12.1%-16.8%
5 Year142.7%133.8%25.1%12.4%4.5%-5.7%

Price Volatility Vs. Market

How volatile is Dutron Polymers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dutron Polymers undervalued compared to its fair value and its price relative to the market?

40.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 517437 (₹130) is trading above our estimate of fair value (₹109.44)

Significantly Below Fair Value: 517437 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 517437 is poor value based on its PE Ratio (40.2x) compared to the Building industry average (8.1x).

PE vs Market: 517437 is poor value based on its PE Ratio (40.2x) compared to the Indian market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 517437's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 517437 is overvalued based on its PB Ratio (4.3x) compared to the IN Building industry average (0.6x).


Next Steps

Future Growth

How is Dutron Polymers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dutron Polymers has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Dutron Polymers performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 517437 has high quality earnings.

Growing Profit Margin: 517437's current net profit margins (2%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: 517437's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: 517437's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 517437 had negative earnings growth (-12.4%) over the past year, making it difficult to compare to the Building industry average (1.2%).


Return on Equity

High ROE: 517437's Return on Equity (10.5%) is considered low.


Next Steps

Financial Health

How is Dutron Polymers's financial position?


Financial Position Analysis

Short Term Liabilities: 517437's short term assets (₹298.9M) exceed its short term liabilities (₹123.0M).

Long Term Liabilities: 517437's short term assets (₹298.9M) exceed its long term liabilities (₹114.2M).


Debt to Equity History and Analysis

Debt Level: 517437's debt to equity ratio (91.8%) is considered high.

Reducing Debt: 517437's debt to equity ratio has increased from 71.9% to 91.8% over the past 5 years.

Debt Coverage: 517437's debt is well covered by operating cash flow (48.6%).

Interest Coverage: 517437's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Dutron Polymers's current dividend yield, its reliability and sustainability?

1.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 517437's dividend (1.08%) is higher than the bottom 25% of dividend payers in the Indian market (0.86%).

High Dividend: 517437's dividend (1.08%) is low compared to the top 25% of dividend payers in the Indian market (3.7%).


Stability and Growth of Payments

Stable Dividend: 517437's dividend payments have been volatile in the past 10 years.

Growing Dividend: 517437's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.3%), 517437's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.0yrs

Average board tenure


CEO

Rasesh Patel (52yo)

no data

Tenure

₹600,000

Compensation

Mr. Rasesh H. Patel serves as Managing Director of Dutron Polymers Limited and served as its Compliance Officer. Mr. Patel served as a Joint Managing Director of Dutron Polymers since April 2004. He serves ...


CEO Compensation Analysis

Compensation vs Market: Rasesh's total compensation ($USD7.91K) is below average for companies of similar size in the Indian market ($USD50.17K).

Compensation vs Earnings: Rasesh's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Rasesh Patel
MD & Executive Directorno data₹600.00k2.11% 15.8m
Alpesh Patel
Whole Time Director 26.42yrsno data3.11% 23.2m
Sudipbhai Patel
Chairmanno data₹600.00k8.24% 61.6m
Kapilaben Patel
Woman Non-Executive Director5.08yrsno data5.33% 39.8m
Mitesh Shah
Independent Non-Executive Director7yrs₹1.50k0.090% 672.3k
Rajendra Desai
Independent Director1.75yrsno data0.037% 273.9k

7.0yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 517437's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dutron Polymers Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dutron Polymers Limited
  • Ticker: 517437
  • Exchange: BSE
  • Founded: 1981
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ₹747.000m
  • Shares outstanding: 6.00m
  • Website: https://www.dutronindia.com

Location

  • Dutron Polymers Limited
  • Dutron House
  • Near Mithakhali Underbridge
  • Ahmedabad
  • Gujarat
  • 380009
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
517437BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002

Biography

Dutron Polymers Limited manufactures and sells plastic pipes and fittings in India and internationally. It provides suction and delivery hose pipes, including medium duty, heavy duty, duct, oil, and non-toxic hoses; braided hose pipes, such as welding, steel wire, spray/CW power/rock drill, water/garden/construction water, and super spray and car washing hoses; and flat hose pipes. The company also offers HDPE, MDPE, and PP pipes and fittings, as well as HDPE sprinkler systems; uPVC plumbing and pressure pipes and fittings; uPVC soil, waste, and rain water (SWR) pipes and fittings; uPVC casing and submersible column pipes; uPVC fabricated fittings; PVC-U drainage pipes; and multipurpose and electrical corrugated pipes. In addition, it provides HDPE, MDPE, PP, HIPS, and ABS plastic sheets; HDPE woven sacks, fabrics, and bags; and CPVC pipes and fittings, as well as water tanks. The company’s plastic products are used in irrigation, drainage, sewer, and gardening applications; chemicals, effluents, air, and food industries; water, gas, and cable ducting applications; and SWR, construction watering, water storage, and plumbing applications. Dutron Polymers Limited was incorporated in 1981 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 12:37
End of Day Share Price2020/05/26 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.