BSE:517437

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Second-rate dividend payer with mediocre balance sheet.

Risks

  • Dutron Polymers is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

4.4%

BSE:517437

-1.3%

IN Building

-0.7%

IN Market


1 Year Return

-15.0%

BSE:517437

-12.8%

IN Building

-12.1%

IN Market

517437 underperformed the Building industry which returned -13% over the past year.

517437 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

517437IndustryMarket
7 Day4.4%-1.3%-0.7%
30 Day20.6%-8.3%-4.6%
90 Day-2.4%-10.8%-4.3%
1 Year-14.4%-15.0%-12.3%-12.8%-10.3%-12.1%
3 Year49.5%48.4%16.3%14.2%18.9%12.8%
5 Year486.2%440.2%84.7%78.5%37.6%24.7%

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 based on future cash flows and its price relative to the stock market?

49.68x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Dutron Polymers's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Dutron Polymers's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Dutron Polymers is overvalued based on earnings compared to the IN Building industry average.

Dutron Polymers is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Dutron Polymers, we can't assess if its growth is good value.


Price Based on Value of Assets

Dutron Polymers is overvalued based on assets compared to the IN Building industry average.


Next Steps

Future Growth

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

2.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Dutron Polymers is high growth as no revenue estimate data is available.

Dutron Polymers's earnings are expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).

Unable to compare Dutron Polymers's revenue growth to the India market average as no estimate data is available.

Dutron Polymers's earnings growth is positive but not above the India market average.

Dutron Polymers's earnings growth is positive but not above the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Dutron Polymers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Dutron Polymers performed over the past 5 years?

7.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Dutron Polymers's year on year earnings growth rate has been positive over the past 5 years.

Dutron Polymers's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Dutron Polymers's 1-year earnings growth is negative, it can't be compared to the IN Building industry average.


Return on Equity

Dutron Polymers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Dutron Polymers used its assets more efficiently than the IN Building industry average last year based on Return on Assets.


Return on Capital Employed

Dutron Polymers's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Dutron Polymers's financial position?


Financial Position Analysis

Dutron Polymers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Dutron Polymers's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Dutron Polymers's level of debt (97.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (74.8% vs 97.8% today).

Debt is well covered by operating cash flow (50.3%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.6x debt.


Next Steps

Dividend

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

0.97%

Current Dividend Yield


Dividend Yield and Payments Analysis

Dutron Polymers's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

Dutron Polymers's dividend is below the markets top 25% of dividend payers in India (2.52%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Dutron Polymers's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average board tenure


CEO

Rasesh Patel (52yo)

₹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

Rasesh's remuneration is lower than average for companies of similar size in India.

Rasesh's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

4.3yrs

Average Tenure

54.5yo

Average Age

The tenure for the Dutron Polymers board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Rasesh Patel (52yo)

    MD & Executive Director

    • Compensation: 600.00k
  • Alpesh Patel (51yo)

    Whole Time Director

  • Bharatkumar Barot

    Chief Financial Officer

    • Tenure: 4.3yrs
  • Roopa Shah

    Company Secretary & Compliance Officer


Board Members

  • Sudip Patel (57yo)

    Chairman

    • Compensation: 600.00k
  • Rasesh Patel (52yo)

    MD & Executive Director

    • Compensation: 600.00k
  • Alpesh Patel (51yo)

    Whole Time Director

  • Kapilaben Patel (79yo)

    Woman Non-Executive Director

    • Tenure: 4.3yrs
  • Mitesh Shah (52yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: 2.00k
  • Rajendra Desai (62yo)

    Independent Director

    • Tenure: 1.0yrs

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: ₹862.200m
  • Shares outstanding: 6.00m
  • Website: Click here

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 pipe and fittings in India and internationally. It provides suction and delivery hose pipes, including medium duty, heavy duty, duct, oil, and non-tox ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:35
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
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.