BSE:514087

Stock Analysis Report

Executive Summary

PBM Polytex Limited manufactures, processes, and sells cotton yarns in India.


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has PBM Polytex's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 514087 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.5%

514087

1.1%

IN Luxury

-0.8%

IN Market


1 Year Return

-48.8%

514087

18.4%

IN Luxury

11.1%

IN Market

Return vs Industry: 514087 underperformed the Indian Luxury industry which returned 16.6% over the past year.

Return vs Market: 514087 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

514087IndustryMarket
7 Day-5.5%1.1%-0.8%
30 Day-11.4%3.3%-2.3%
90 Day8.7%9.6%2.1%
1 Year-48.2%-48.8%19.2%18.4%13.1%11.1%
3 Year-45.9%-50.1%54.9%51.5%22.9%16.2%
5 Year-24.3%-36.9%106.1%99.4%34.9%22.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is PBM Polytex 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: 514087 (₹38.8) is trading below our estimate of fair value (₹454.94)

Significantly Below Fair Value: 514087 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 514087 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 514087 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 514087's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 514087 is good value based on its PB Ratio (0.3x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

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

19.8%

Forecasted Consumer Durables 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 PBM Polytex 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 PBM Polytex performed over the past 5 years?

-37.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 514087 is currently unprofitable.

Growing Profit Margin: 514087 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 514087 is unprofitable, and losses have increased over the past 5 years at a rate of -37.6% per year.

Accelerating Growth: Unable to compare 514087's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 514087 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (2.5%).


Return on Equity

High ROE: 514087 has a negative Return on Equity (-3.89%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is PBM Polytex's financial position?


Financial Position Analysis

Short Term Liabilities: 514087's short term assets (₹641.7M) exceed its short term liabilities (₹128.9M).

Long Term Liabilities: 514087's short term assets (₹641.7M) exceed its long term liabilities (₹63.1M).


Debt to Equity History and Analysis

Debt Level: 514087's debt to equity ratio (0.08%) is considered satisfactory.

Reducing Debt: 514087's debt to equity ratio has reduced from 18.9% to 0.08% over the past 5 years.


Balance Sheet

Inventory Level: 514087 has a high level of physical assets or inventory.

Debt Coverage by Assets: 514087's debt is covered by short term assets (assets are 759.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 514087 has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: 514087 has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is PBM Polytex's current dividend yield, its reliability and sustainability?

1.55%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 514087's dividend (1.55%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: 514087's dividend (1.55%) is low compared to the top 25% of dividend payers in the Indian market (2.52%).


Stability and Growth of Payments

Stable Dividend: 514087's dividend payments have been volatile in the past 10 years.

Growing Dividend: 514087's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 514087 is paying a dividend but the company is unprofitable.


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?

9.4yrs

Average management tenure


CEO

Amit Patodia 0

₹4,791,939

Compensation

Mr. Amit Patodia has been Senior President of PBM Polytex Limited since October 1, 2006 and serves as its Chief Executive Officer. 


CEO Compensation Analysis

Compensation vs Market: Amit's total compensation ($USD67.01K) is above average for companies of similar size in the Indian market ($USD50.21K).

Compensation vs Earnings: Amit's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Amit Patodia
Senior President & CEO0yrs₹4.79m1.15% 3.2m
Gopal Patodia
MD & Executive Director41.4yrs₹8.39m0.40% 1.1m
Mohan Patodia
MD, CFO & Executive Director39.5yrs₹6.23m0.99% 2.8m
Vikash Patodia
Senior President13.3yrsno data0.72% 2.0m
Ishita Kapure
Company Secretary & Compliance Officer0.3yrsno datano data

9.4yrs

Average Tenure

71yo

Average Age

Experienced Management: 514087's management team is seasoned and experienced (9.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gopal Patodia
MD & Executive Director41.4yrs₹8.39m0.40% 1.1m
Mohan Patodia
MD, CFO & Executive Director39.5yrs₹6.23m0.99% 2.8m
Krishan Patodia
Chairman0yrs₹10.00k2.05% 5.8m
Hari Siotia
Non-Executive Director39.5yrs₹110.00k2.9% 8.2m
Jugalkishore Todi
Independent & Non-Executive Director13.5yrs₹150.00kno data
Vinita Devi Modi
Independent Woman Director5.4yrs₹70.00kno data
Ashok Pandit
Independent Director1.8yrs₹120.00kno data
Rakesh Todi
Independent Director0.5yrsno datano data
Chirayush Patel
Additional Independent Director0yrsno datano data

13.5yrs

Average Tenure

73.5yo

Average Age

Experienced Board: 514087's board of directors are seasoned and experienced ( 13.5 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

PBM Polytex Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PBM Polytex Limited
  • Ticker: 514087
  • Exchange: BSE
  • Founded: 1919
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹282.040m
  • Shares outstanding: 6.88m
  • Website: https://pbmpolytex.com

Number of Employees


Location

  • PBM Polytex Limited
  • Ramakrishna Chambers
  • 8th Floor
  • Vadodara
  • Gujarat
  • 390007
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
514087BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2004

Biography

PBM Polytex Limited manufactures, processes, and sells cotton yarns in India. The company offers single and double count yarns; and gassed products. It also exports its products. In addition, the company generates electricity through windmills. The company was formerly known as The Petlad Bulakhidas Mills Co. Ltd. and changed to PBM Polytex Limited in 1978. PBM Polytex Limited was incorporated in 1919 and is based in Vadodara, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 12:45
End of Day Share Price2020/02/17 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.