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Ashish Polyplast

BSE:530429
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
530429
BSE
₹20M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Ashish Polyplast Limited manufactures and sells a range of braided hoses and flexible PVC hoses under the REALON brand primarily in India. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • Ashish Polyplast has significant price volatility in the past 3 months.
530429 Share Price and Events
7 Day Returns
0.2%
BSE:530429
-1.3%
IN Building
-0.7%
IN Market
1 Year Returns
-61.3%
BSE:530429
-13%
IN Building
-12.1%
IN Market
530429 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ashish Polyplast (530429) 0.2% -8% -22.1% -61.3% -49.7% 31.6%
IN Building -1.3% -9.5% -11% -13% 14.1% 78.7%
IN Market -0.7% -5.7% -4.3% -12.1% 13% 25.2%
1 Year Return vs Industry and Market
  • 530429 underperformed the Building industry which returned -13% over the past year.
  • 530429 underperformed the Market in India which returned -12.1% over the past year.
Price Volatility
530429
Industry
5yr Volatility vs Market

530429 Value

 Is Ashish Polyplast undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ashish Polyplast to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ashish Polyplast.

BSE:530429 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 19.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:530429
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.158 (1 + (1- 35%) (48.47%))
1.35
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.35 * 8.6%)
19.16%

Discounted Cash Flow Calculation for BSE:530429 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ashish Polyplast is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:530429 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 19.16%)
2020 2.86 Est @ 12.26% 2.40
2021 3.17 Est @ 10.85% 2.23
2022 3.48 Est @ 9.86% 2.06
2023 3.80 Est @ 9.17% 1.88
2024 4.13 Est @ 8.68% 1.72
2025 4.47 Est @ 8.34% 1.56
2026 4.84 Est @ 8.1% 1.42
2027 5.22 Est @ 7.94% 1.28
2028 5.63 Est @ 7.82% 1.16
2029 6.06 Est @ 7.74% 1.05
Present value of next 10 years cash flows ₹16.77
BSE:530429 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹6.06 × (1 + 7.55%) ÷ (19.16% – 7.55%)
₹56.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹56.17 ÷ (1 + 19.16%)10
₹9.73
BSE:530429 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹16.77 + ₹9.73
₹26.50
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹26.50 / 3.40
₹7.8
BSE:530429 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹7.80
Current discount Discount to share price of ₹6.00
= -1 x (₹6.00 - ₹7.80) / ₹7.80
23.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ashish Polyplast is available for.
Intrinsic value
23%
Share price is ₹6 vs Future cash flow value of ₹7.8
Current Discount Checks
For Ashish Polyplast to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ashish Polyplast's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ashish Polyplast's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ashish Polyplast's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ashish Polyplast's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:530429 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹0.32
BSE:530429 Share Price ** BSE (2019-08-13) in INR ₹6
India Building Industry PE Ratio Median Figure of 33 Publicly-Listed Building Companies 17.43x
India Market PE Ratio Median Figure of 2,785 Publicly-Listed Companies 13.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ashish Polyplast.

BSE:530429 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:530429 Share Price ÷ EPS (both in INR)

= 6 ÷ 0.32

19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ashish Polyplast is overvalued based on earnings compared to the IN Building industry average.
  • Ashish Polyplast is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Ashish Polyplast's expected growth come at a high price?
Raw Data
BSE:530429 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
27.4%per year
India Building Industry PEG Ratio Median Figure of 10 Publicly-Listed Building Companies 1.08x
India Market PEG Ratio Median Figure of 544 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ashish Polyplast, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ashish Polyplast's assets?
Raw Data
BSE:530429 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹13.75
BSE:530429 Share Price * BSE (2019-08-13) in INR ₹6
India Building Industry PB Ratio Median Figure of 37 Publicly-Listed Building Companies 1.12x
India Market PB Ratio Median Figure of 3,663 Publicly-Listed Companies 0.87x
BSE:530429 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:530429 Share Price ÷ Book Value per Share (both in INR)

= 6 ÷ 13.75

0.44x

* Primary Listing of Ashish Polyplast.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ashish Polyplast is good value based on assets compared to the IN Building industry average.
X
Value checks
We assess Ashish Polyplast's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Ashish Polyplast has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

530429 Future Performance

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

  • No analysts cover Ashish Polyplast, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ashish Polyplast expected to grow at an attractive rate?
  • Ashish Polyplast's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Ashish Polyplast's earnings growth is expected to exceed the India market average.
  • Unable to compare Ashish Polyplast's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:530429 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:530429 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 27.4%
India Building Industry Earnings Growth Rate Market Cap Weighted Average 21.6%
India Building Industry Revenue Growth Rate Market Cap Weighted Average 14.3%
India Market Earnings Growth Rate Market Cap Weighted Average 17.9%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:530429 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:530429 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 135 1
2019-03-31 139 11 1
2018-12-31 140 2
2018-09-30 142 2
2018-06-30 138 2
2018-03-31 128 3 2
2017-12-31 123 1
2017-09-30 119 1
2017-06-30 119 2
2017-03-31 122 -2 2
2016-12-31 121 1
2016-09-30 117 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ashish Polyplast's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Ashish Polyplast is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:530429 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ashish Polyplast Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:530429 Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 0.32
2019-03-31 0.33
2018-12-31 0.69
2018-09-30 0.64
2018-06-30 0.56
2018-03-31 0.63
2017-12-31 0.37
2017-09-30 0.37
2017-06-30 0.56
2017-03-31 0.49
2016-12-31 0.36
2016-09-30 0.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ashish Polyplast will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ashish Polyplast's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ashish Polyplast has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

530429 Past Performance

  How has Ashish Polyplast performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ashish Polyplast's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ashish Polyplast's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Ashish Polyplast's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ashish Polyplast's 1-year earnings growth is negative, it can't be compared to the IN Building industry average.
Earnings and Revenue History
Ashish Polyplast's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ashish Polyplast Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:530429 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 135.06 1.07 5.11
2019-03-31 139.48 1.11 5.16
2018-12-31 140.49 2.09 5.01
2018-09-30 141.62 2.04 5.16
2018-06-30 138.24 1.87 5.27
2018-03-31 128.18 2.16 5.06
2017-12-31 123.30 1.32 4.86
2017-09-30 119.12 1.43 4.99
2017-06-30 118.97 1.92 4.75
2017-03-31 122.15 1.67 4.70
2016-12-31 120.99 1.22 5.06
2016-09-30 117.18 1.11 4.71
2016-06-30 114.02 0.97 4.63
2016-03-31 110.10 1.00 4.55
2015-12-31 110.01 1.05 8.44
2015-09-30 107.58 1.20 8.22
2015-06-30 106.61 1.19 5.11
2015-03-31 106.56 1.16 4.18
2014-12-31 100.34 1.56 6.72
2014-09-30 96.55 1.50 6.75
2014-06-30 95.06 1.54 6.74
2014-03-31 89.69 1.58 6.50
2013-12-31 92.59 0.88 8.41
2013-09-30 95.25 1.37 7.19
2013-06-30 93.31 1.58 7.13
2013-03-31 93.51 1.52 7.13
2012-12-31 85.30 2.84 7.09
2012-09-30 85.44 2.25 7.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ashish Polyplast has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ashish Polyplast used its assets less efficiently than the IN Building industry average last year based on Return on Assets.
  • Ashish Polyplast has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ashish Polyplast's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ashish Polyplast has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

530429 Health

 How is Ashish Polyplast's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ashish Polyplast's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ashish Polyplast is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ashish Polyplast's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ashish Polyplast's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ashish Polyplast Company Filings, last reported 1 month ago.

BSE:530429 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30
2019-03-31 46.72 9.88 0.05
2018-12-31 46.20 12.00 3.85
2018-09-30 46.20 12.00 3.85
2018-06-30 45.53 14.20 4.27
2018-03-31 45.53 15.08 0.12
2017-12-31 49.36 13.88 5.11
2017-09-30 49.36 13.88 5.11
2017-06-30 48.64 16.30 5.53
2017-03-31 43.35 16.30 0.90
2016-12-31 47.98 17.50 3.38
2016-09-30 47.98 17.50 3.38
2016-06-30 47.05 10.70 1.80
2016-03-31 47.05 10.70 1.80
2015-12-31 46.87 16.03 2.28
2015-09-30 46.87 16.03 2.28
2015-06-30 46.04 17.31 1.05
2015-03-31 46.04 17.31 1.05
2014-12-31 46.15 17.53 1.62
2014-09-30 46.15 17.53 1.62
2014-06-30 45.37 20.13 4.15
2014-03-31 45.37 20.13 4.15
2013-12-31 44.31 19.99 1.34
2013-09-30 44.31 19.99 1.34
2013-06-30 43.46 17.62 2.53
2013-03-31 43.46 17.62 2.53
2012-12-31 44.40 14.70 0.90
2012-09-30
  • Ashish Polyplast's level of debt (21.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (44.4% vs 21.1% today).
  • Debt is well covered by operating cash flow (115.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess Ashish Polyplast's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ashish Polyplast has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

530429 Dividends

 What is Ashish Polyplast's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ashish Polyplast dividends.
If you bought ₹2,000 of Ashish Polyplast shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ashish Polyplast's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ashish Polyplast's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:530429 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Building Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1441 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:530429 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2015-02-05 0.000 0.000
2014-11-13 0.000 0.000
2014-06-02 0.000 0.000
2013-06-25 0.165 3.794
2013-05-29 0.165 5.238
2012-08-24 0.165 3.715
2011-06-22 0.165 3.796
2010-07-26 0.165 3.229
2010-06-02 0.165 2.731

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ashish Polyplast has not reported any payouts.
  • Unable to verify if Ashish Polyplast's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ashish Polyplast's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ashish Polyplast has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ashish Polyplast's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ashish Polyplast afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ashish Polyplast has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

530429 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ashish Panchal
COMPENSATION ₹1,519,200
AGE 41
CEO Bio

Mr. Ashish Dahyabhai Panchal serves as President of Rural, Insurance & Liabilities and Chief of Staff of Bajaj Finance Ltd. since 2019. Mr. Panchal serves as the Chairman of Ashish Polyplast Ltd. and has been its Managing Director since January 16, 2001. Mr. Panchal has been a Partner of M/s Expert Engineers since July 1, 1999 and has been actively involved in its operations. Mr. Panchal served as a Senior Vice President of Personal Loan Cross-Sell of Bajaj Finance Limited until December 6, 2016. Mr. Panchal served as Business Head of Personal Loan Cross Sell at Bajaj Finance Limited. Mr. Panchal served as Business Head of Credit Cards at Bajaj Finance Ltd. He has thirteen years of varied and rich work experience, across manufacturing, FMCG and Retail Banking. Mr. Panchal began his career in the year 1995 in the designing department of Gemini Engineers and Fabricators and looked after the production, inspection and delivery of projects. He served as the Head of Acquisition and Portfolio Actions, Credit Cards at Barclays bank. Within retail banking, he has experience in large multi-national organizations like Citi, SCB and Barclays across credit cards, secured and unsecured assets as well as liabilities. He was associated with them until 1999. He has more than 12 years of experience in the field of engineering and fabrication. He serves as Director of Ashish Polyplast Ltd. since January 16, 2001. Mr. Panchal has been Whole Time Director of Gemini Engi-Fab Limited since January 20, 2006. He is currently supervising the designing, execution of orders and technical interaction with clients. Mr. Panchal passed his Diploma in Mechanical Engineering from the Board of Technical Examinations, Government of Maharashtra in the year 1995. Mr. Panchal is a Mechanical Engineering Graduate from Walchand Institute of Technology and has completed his Management Education from the Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai University, with elective concentration in Marketing.

CEO Compensation
  • Ashish's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ashish's remuneration is about average for companies of similar size in India.
Management Team

Ashish Panchal

TITLE
Chairman & MD
COMPENSATION
₹2M
AGE
41

Kalpesh Kansara

TITLE
Chief Financial Officer
COMPENSATION
₹311K
TENURE
2.1 yrs

Aayushi Soni

TITLE
Company Secretary & Compliance Officer
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Ashish Polyplast board of directors in years:

5.5
Average Tenure
44.5
Average Age
  • The tenure for the Ashish Polyplast board of directors is about average.
Board of Directors

Ashish Panchal

TITLE
Chairman & MD
COMPENSATION
₹2M
AGE
41

Rakeshbhai Panchal

TITLE
Independent & Non-Executive Director
AGE
48
TENURE
5.5 yrs

Dhwani Kansara

TITLE
Independent & Non-Executive Director
AGE
29
TENURE
4.1 yrs

Kantaben Panchal

TITLE
Non-Independent & Non-Executive Director
AGE
65
TENURE
23.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Ashish Polyplast's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ashish Polyplast has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

530429 News

Simply Wall St News

530429 Company Info

Description

Ashish Polyplast Limited manufactures and sells a range of braided hoses and flexible PVC hoses under the REALON brand primarily in India. The company offers air and pneumatic, water, welding, thermoplast welding, car washing, super spray, and rock drilling hose pipes; PVC medium and heavy duty suction and delivery hose pipes; and PVC flexible oil, duct, and non-toxic hose pipes. Its products are used in agriculture, chemical, petrochemical, fire-fighting, construction and engineering, shipping and dredging, sewage conveying and disposal, and general industries, as well as for suction uses in mineral extraction industries. The company markets its products through a dealer network. Ashish Polyplast Limited also exports its products to the Middle East, Gulf countries, South Africa, Bangladesh, Sri Lanka, and Nepal. The company was founded in 1980 and is based in Ahmedabad, India.

Details
Name: Ashish Polyplast Limited
530429
Exchange: BSE
Founded: 1980
₹20,385,000
3,397,500
Website: http://www.ashishpolyplast.com
Address: Ashish Polyplast Limited
A/305, Samudra Complex,
Near Hotel Klassic Gold,
Ahmedabad,
Gujarat, 380006,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 530429 Equity Shares Mumbai Stock Exchange IN INR 26. May 2005
Number of employees
Current staff
Staff numbers
0
Ashish Polyplast employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 12:33
End of day share price update: 2019/08/13 00:00
Last earnings filing: 2019/08/12
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.