BSE:530429

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Executive Summary

Ashish Polyplast Limited manufactures and sells a range of braided hoses and flexible PVC hoses under the REALON brand primarily in India.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Ashish Polyplast's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 530429's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

530429

0.8%

IN Building

1.8%

IN Market


1 Year Return

-60.7%

530429

-39.6%

IN Building

-23.7%

IN Market

Return vs Industry: 530429 underperformed the Indian Building industry which returned -39.6% over the past year.

Return vs Market: 530429 underperformed the Indian Market which returned -23.7% over the past year.


Shareholder returns

530429IndustryMarket
7 Day0%0.8%1.8%
30 Day-6.5%-8.6%-0.5%
90 Day-23.6%-35.8%-22.2%
1 Year-60.7%-60.7%-37.1%-39.6%-22.2%-23.7%
3 Year-77.8%-77.8%-28.1%-32.5%-12.1%-16.8%
5 Year-63.0%-63.0%25.1%12.4%4.5%-5.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Ashish Polyplast undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 530429 (₹3.33) is trading below our estimate of fair value (₹13.44)

Significantly Below Fair Value: 530429 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 530429 is good value based on its PE Ratio (6.4x) compared to the Building industry average (8.1x).

PE vs Market: 530429 is good value based on its PE Ratio (6.4x) compared to the Indian market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 530429's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 530429 is good value based on its PB Ratio (0.2x) compared to the IN Building industry average (0.6x).


Next Steps

Future Growth

How is Ashish Polyplast 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 Ashish Polyplast 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 Ashish Polyplast performed over the past 5 years?

8.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 530429 has a large one-off loss of ₹800.0K impacting its December 31 2019 financial results.

Growing Profit Margin: 530429's current net profit margins (1.3%) are lower than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: 530429's earnings have grown by 8% per year over the past 5 years.

Accelerating Growth: 530429's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 530429 had negative earnings growth (-15.4%) over the past year, making it difficult to compare to the Building industry average (1.2%).


Return on Equity

High ROE: 530429's Return on Equity (3.7%) is considered low.


Next Steps

Financial Health

How is Ashish Polyplast's financial position?


Financial Position Analysis

Short Term Liabilities: 530429's short term assets (₹42.4M) exceed its short term liabilities (₹19.4M).

Long Term Liabilities: 530429's short term assets (₹42.4M) exceed its long term liabilities (₹2.5M).


Debt to Equity History and Analysis

Debt Level: 530429's debt to equity ratio (23.6%) is considered satisfactory.

Reducing Debt: 530429's debt to equity ratio has reduced from 38% to 23.6% over the past 5 years.

Debt Coverage: 530429's debt is well covered by operating cash flow (87.3%).

Interest Coverage: 530429's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 530429's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 530429's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 530429's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 530429's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 530429 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 530429's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

6.3yrs

Average board tenure


CEO

Ashish Panchal (41yo)

no data

Tenure

₹1,519,200

Compensation

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 b ...


CEO Compensation Analysis

Compensation vs Market: Ashish's total compensation ($USD20.03K) is below average for companies of similar size in the Indian market ($USD50.17K).

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


Board Members

NamePositionTenureCompensationOwnership
Ashish Panchal
Chairman & MDno data₹1.52m54.73% 6.2m
Kantaben Panchal
Non-Independent & Non-Executive Director24.08yrsno data7.36% 832.1k
Rakeshbhai Panchal
Independent & Non-Executive Director6.25yrsno datano data
Dhwani Kansara
Independent & Non-Executive Director4.83yrsno datano data

6.3yrs

Average Tenure

44.5yo

Average Age

Experienced Board: 530429's board of directors are considered experienced (6.3 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

Ashish Polyplast Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ashish Polyplast Limited
  • Ticker: 530429
  • Exchange: BSE
  • Founded: 1980
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ₹11.314m
  • Shares outstanding: 3.40m
  • Website: https://www.ashishpolyplast.com

Location

  • Ashish Polyplast Limited
  • A/305, Samudra Complex
  • Near Hotel Klassic Gold
  • Ahmedabad
  • Gujarat
  • 380006
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
530429BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2005

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 12:32
End of Day Share Price2020/05/15 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.