NSEI:PREMIERPOL

Stock Analysis Report

Executive Summary

Premier Polyfilm Ltd. manufactures and sells calendared PVC products in India.

Rewards

Trading at 41% below its fair value

Earnings grew by 78.8% over the past year

Risk Analysis

Does not have a meaningful market cap (₹522M)

Has a high level of debt

Unstable dividend track record

Highly volatile share price over past 3 months



Snowflake Analysis

Undervalued with solid track record.


Similar Companies

Responsive Industries

BSE:505509

Share Price & News

How has Premier Polyfilm's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-6.1%

PREMIERPOL

-2.3%

IN Consumer Durables

-0.4%

IN Market


1 Year Return

6.3%

PREMIERPOL

34.8%

IN Consumer Durables

11.1%

IN Market

Return vs Industry: PREMIERPOL underperformed the Indian Consumer Durables industry which returned 34.8% over the past year.

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


Shareholder returns

PREMIERPOLIndustryMarket
7 Day-6.1%-2.3%-0.4%
30 Day-3.5%6.5%-1.2%
90 Day33.1%11.3%3.3%
1 Year8.8%6.3%35.7%34.8%13.0%11.1%
3 Year-11.0%-15.8%49.1%46.8%25.3%18.6%
5 Year217.8%194.0%97.3%92.6%35.4%23.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Premier Polyfilm undervalued compared to its fair value and its price relative to the market?

41.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PREMIERPOL (₹24.55) is trading below our estimate of fair value (₹41.58)

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


Price To Earnings Ratio

PE vs Industry: PREMIERPOL is good value based on its PE Ratio (8.5x) compared to the Consumer Durables industry average (22.9x).

PE vs Market: PREMIERPOL is good value based on its PE Ratio (8.5x) compared to the Indian market (13.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PREMIERPOL is good value based on its PB Ratio (1.2x) compared to the IN Consumer Durables industry average (1.4x).


Next Steps

Future Growth

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

23.9%

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 Premier Polyfilm 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 Premier Polyfilm performed over the past 5 years?

9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PREMIERPOL has high quality earnings.

Growing Profit Margin: PREMIERPOL's current net profit margins (3.5%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: PREMIERPOL's earnings have grown by 9.6% per year over the past 5 years.

Accelerating Growth: PREMIERPOL's earnings growth over the past year (78.8%) exceeds its 5-year average (9.6% per year).

Earnings vs Industry: PREMIERPOL earnings growth over the past year (78.8%) exceeded the Consumer Durables industry 13.9%.


Return on Equity

High ROE: PREMIERPOL's Return on Equity (14.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Premier Polyfilm's financial position?


Financial Position Analysis

Short Term Liabilities: PREMIERPOL's short term assets (₹452.4M) exceed its short term liabilities (₹398.2M).

Long Term Liabilities: PREMIERPOL's short term assets (₹452.4M) exceed its long term liabilities (₹56.0M).


Debt to Equity History and Analysis

Debt Level: PREMIERPOL's debt to equity ratio (50.7%) is considered high.

Reducing Debt: PREMIERPOL's debt to equity ratio has increased from 15.9% to 50.7% over the past 5 years.

Debt Coverage: PREMIERPOL's debt is well covered by operating cash flow (72.8%).

Interest Coverage: PREMIERPOL's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet

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

Debt Coverage by Assets: PREMIERPOL's debt is covered by short term assets (assets are 2.1x debt).


Next Steps

Dividend

What is Premier Polyfilm's current dividend yield, its reliability and sustainability?

2.01%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%0.6%markettop25%2.5%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: PREMIERPOL's dividend (2.01%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: PREMIERPOL's dividend (2.01%) is low compared to the top 25% of dividend payers in the Indian market (2.51%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PREMIERPOL has been paying a dividend for less than 10 years.

Growing Dividend: PREMIERPOL has only been paying a dividend for 3 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17%), PREMIERPOL'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?

2.9yrs

Average board tenure


CEO

Amar Goenka (77yo)

₹3,835,000

Compensation

Mr. Amar Nath Goenka serves as the Chairman, Chief Executive Officer and Chief Financial Officer of Premier Polyfilm Ltd. and has been its Managing Director since February 18, 2008. Mr. Goenka has been a D ...


CEO Compensation Analysis

Compensation vs Market: Amar's total compensation ($USD53.63K) is about average for companies of similar size in the Indian market ($USD50.14K).

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


Board Members

NamePositionTenureCompensationOwnership
Amar Goenka
Chairman0yrs₹3.84m10.15% 52.9m
Sumat Jain
Executive Director15.7yrs₹2.03mno data
Amitaabh Goenka
Executive Director10.1yrs₹4.32m11.7% 61.0m
Rashmee Singhania
Independent Non-Executive Director5yrs₹56.00kno data
Santosh Dabriwala
Non Executive Independent Director0.8yrsno data0.15% 771.9k
Bhupinder Marwah
Non Executive Independent Director0.8yrsno datano data
Umesh Agarwalla
Non Executive Independent Director0.8yrsno datano data

2.9yrs

Average Tenure

67yo

Average Age

Experienced Board: PREMIERPOL's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


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

Premier Polyfilm Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Premier Polyfilm Ltd.
  • Ticker: PREMIERPOL
  • Exchange: NSEI
  • Founded: 1992
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: ₹521.618m
  • Shares outstanding: 20.95m
  • Website: https://www.premierpoly.com

Number of Employees


Location

  • Premier Polyfilm Ltd.
  • 40/1A, Site IV
  • Sahibabad Industrial Area
  • Ghaziabad
  • Uttar Pradesh
  • 201010
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
514354BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2012
PREMIERPOLNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2012

Biography

Premier Polyfilm Ltd. manufactures and sells calendared PVC products in India. The company offers PVC flooring products, such as heavy duty flooring; anti-bacterial flooring; safety flooring for buses and transport; anti-skid embossed flooring; anti-static flooring; electro static dissipation flooring; heavy-duty flexible vinyl flooring for electrical substations; and PVC laminated sheets. It also provides industrial floor mats, surface protection sheets, high voltage insulating mats, PVC geomembranes, artificial/calendared leather cloths, and PVC decor films and sheeting, as well as installation accessories comprising PVC skirting, capping strips, covings, stair noising, and welding cords. The company also exports its products to approximately 25 countries. Premier Polyfilm Ltd. was founded in 1992 and is headquartered in Ghaziabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 13:07
End of Day Share Price2020/02/14 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.