Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹38.50, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 8.7% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹0.06 loss per share (vs ₹0.89 loss in 3Q 2025) Third quarter 2026 results: ₹0.06 loss per share (improved from ₹0.89 loss in 3Q 2025). Revenue: ₹88.9m (down 20% from 3Q 2025). Net loss: ₹6.21m (loss narrowed 18% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Feb 10
Axel Polymers Limited to Report Q3, 2026 Results on Feb 13, 2026 Axel Polymers Limited announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Dec 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Market cap is less than US$10m (₹572.1m market cap, or US$6.37m). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (₹444m revenue, or US$4.9m). Recent Insider Transactions • Dec 08
Insider recently sold ₹3.4m worth of stock On the 3rd of December, Aarasp Bodhanwala sold around 61k shares on-market at roughly ₹55.56 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹55.46, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 24x in the Chemicals industry in India. Total returns to shareholders of 14% over the past three years. New Risk • Nov 21
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹444m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (₹425.2m market cap, or US$4.75m). Minor Risk Revenue is less than US$5m (₹444m revenue, or US$5.0m). Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹0.01 (vs ₹0.95 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹0.01 (up from ₹0.95 loss in 2Q 2025). Revenue: ₹107.4m (down 23% from 2Q 2025). Net income: ₹72.0k (up ₹8.18m from 2Q 2025). Profit margin: 0.1% (up from net loss in 2Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Nov 08
Axel Polymers Limited to Report Q2, 2026 Results on Nov 13, 2025 Axel Polymers Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹41.01, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 25x in the Chemicals industry in India. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹56.50, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 26x in the Chemicals industry in India. Total returns to shareholders of 40% over the past three years. New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Market cap is less than US$10m (₹396.4m market cap, or US$4.47m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Sep 05
Axel Polymers Limited, Annual General Meeting, Sep 30, 2025 Axel Polymers Limited, Annual General Meeting, Sep 30, 2025. Reported Earnings • Jul 25
First quarter 2026 earnings released: EPS: ₹0.05 (vs ₹0.62 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.05 (up from ₹0.62 loss in 1Q 2025). Revenue: ₹117.1m (down 72% from 1Q 2025). Net income: ₹439.0k (up ₹5.74m from 1Q 2025). Profit margin: 0.4% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jul 21
Axel Polymers Limited to Report Q1, 2026 Results on Jul 24, 2025 Axel Polymers Limited announced that they will report Q1, 2026 results on Jul 24, 2025 Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹0.20 (vs ₹1.83 in FY 2024) Full year 2025 results: EPS: ₹0.20 (down from ₹1.83 in FY 2024). Revenue: ₹782.2m (down 39% from FY 2024). Net income: ₹1.74m (down 89% from FY 2024). Profit margin: 0.2% (down from 1.2% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 24
Axel Polymers Limited to Report Q4, 2025 Results on May 29, 2025 Axel Polymers Limited announced that they will report Q4, 2025 results on May 29, 2025 Announcement • Mar 05
Axel Polymers Limited Announces Resignation of Umang Hasmukhbhai Dasani as Independent Director Axel Polymers Limited announced that Mr. Umang Hasmukhbhai Dasani, Independent Director has conveyed his decision to resign as an Independent Director (DIN: 09787208) vide his letter dated 05/03/2025, with effect from 29th March, 2025 due to personal reasons and other pre-occupations. New Risk • Feb 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$10m (₹389.9m market cap, or US$4.50m). Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹0.89 loss per share (vs ₹0.79 profit in 3Q 2024) Third quarter 2025 results: ₹0.89 loss per share (down from ₹0.79 profit in 3Q 2024). Revenue: ₹111.2m (down 71% from 3Q 2024). Net loss: ₹7.56m (down 213% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Feb 13
Axel Polymers Limited Appoints Ashish Chaudhary as Company Secretary and Compliance Officer Axel Polymers Limited informed that the Board of Directors of the Company at its meeting held on February 13, 2025, has approved appointment of Ms. Ashish Chaudhary as Company Secretary and Compliance Officer of the Company with effect from 13th February, 2025. Ms. Ashish Chaudhary is an Associate member of The Institute of Company Secretaries of India (A72705). She is Commerce and Law Graduate having Experience of about two and half year (including training period) in the field of Secretarial, Legal and Commercial matters. Announcement • Feb 08
Axel Polymers Limited to Report Q3, 2025 Results on Feb 13, 2025 Axel Polymers Limited announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Nov 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Market cap is less than US$10m (₹446.3m market cap, or US$5.29m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Nov 15
Second quarter 2025 earnings released: ₹0.95 loss per share (vs ₹0.59 profit in 2Q 2024) Second quarter 2025 results: ₹0.95 loss per share (down from ₹0.59 profit in 2Q 2024). Revenue: ₹138.7m (down 55% from 2Q 2024). Net loss: ₹8.10m (down 262% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 05
Axel Polymers Limited to Report Q2, 2025 Results on Nov 14, 2024 Axel Polymers Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 16
Axel Polymers Limited, Annual General Meeting, Sep 28, 2024 Axel Polymers Limited, Annual General Meeting, Sep 28, 2024, at 09:45 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released: ₹0.62 loss per share (vs ₹0.73 profit in 1Q 2024) First quarter 2025 results: ₹0.62 loss per share (down from ₹0.73 profit in 1Q 2024). Revenue: ₹422.4m (up 64% from 1Q 2024). Net loss: ₹5.31m (down 186% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Announcement • Aug 08
Axel Polymers Limited to Report Q1, 2025 Results on Aug 12, 2024 Axel Polymers Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Announcement • Jul 05
Axel Polymers Limited Announces Resignation of Aarasp Bejan Bodhanwala as CFO Axel Polymers Limited announced that Mr. Aarasp Bejan Bodhanwala tendered his resignation as CFO of the Company with effect from the close of business hours on July 04, 2024 as he would not be able to devote sufficient time towards his duty due to frequent travels out of India. Reason for Change: There are developments which require him to travel frequently out of India. Hence it would not be feasible for him devote sufficient time for discharging his Duty. Announcement • May 24
Axel Polymers Limited to Report Q4, 2024 Results on May 28, 2024 Axel Polymers Limited announced that they will report Q4, 2024 results on May 28, 2024 New Risk • Apr 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Market cap is less than US$10m (₹535.7m market cap, or US$6.43m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹68.39, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 389% over the past three years. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹0.79 (vs ₹0.31 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.79 (up from ₹0.31 in 3Q 2023). Revenue: ₹386.6m (up 118% from 3Q 2023). Net income: ₹6.72m (up 152% from 3Q 2023). Profit margin: 1.7% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
Axel Polymers Limited to Report Q3, 2024 Results on Feb 14, 2024 Axel Polymers Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹61.22, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 408% over the past three years. Announcement • Oct 28
Axel Polymers Limited to Report Q2, 2024 Results on Nov 06, 2023 Axel Polymers Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Buying Opportunity • Sep 18
Now 23% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be ₹65.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Sep 07
Axel Polymers Limited, Annual General Meeting, Sep 29, 2023 Axel Polymers Limited, Annual General Meeting, Sep 29, 2023, at 09:45 Indian Standard Time. Location: S No. 309, Vill. - Mokshi, Sankarda-Savli Road, Tal. Savli, Vadodara Gujarat India Agenda: To receive, consider and adopt the Audited Financial Statements for the year ended on 31 st March, 2023 together with the Reports of the Auditors' and Board's thereon; to appoint a Director in place of Mr. Gaurav Thanky who retires by rotation and being eligible offers himself for reappointment; to To approve reappointment of Mr. Gaurav Thanky as a Managing Director; To approve the revision in remuneration of Mr. Gaurav Thanky as a Managing Director; and to consider other matter. Buying Opportunity • Aug 25
Now 23% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be ₹66.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Aug 09
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be ₹64.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: ₹0.73 (vs ₹0.30 in 1Q 2023) First quarter 2024 results: EPS: ₹0.73 (up from ₹0.30 in 1Q 2023). Revenue: ₹258.2m (up 37% from 1Q 2023). Net income: ₹6.18m (up 140% from 1Q 2023). Profit margin: 2.4% (up from 1.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
Axel Polymers Limited to Report Q1, 2024 Results on Aug 02, 2023 Axel Polymers Limited announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹1.39 (vs ₹1.08 in FY 2022) Full year 2023 results: EPS: ₹1.39 (up from ₹1.08 in FY 2022). Revenue: ₹854.6m (up 17% from FY 2022). Net income: ₹11.8m (up 29% from FY 2022). Profit margin: 1.4% (up from 1.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹48.46, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 513% over the past three years. Announcement • May 23
Axel Polymers Limited to Report Q4, 2023 Results on May 29, 2023 Axel Polymers Limited announced that they will report Q4, 2023 results on May 29, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.31 (vs ₹0.24 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.31 (up from ₹0.24 in 3Q 2022). Revenue: ₹177.4m (up 41% from 3Q 2022). Net income: ₹2.67m (up 32% from 3Q 2022). Profit margin: 1.5% (down from 1.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
Axel Polymers Limited to Report Q3, 2023 Results on Feb 13, 2023 Axel Polymers Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Announcement • Nov 16
Axel Polymers Limited Announces Board Changes The board of directors of Axel Polymers Limited meeting held on November 14, 2022, appointed Mr. Umang Hasmukhbhai Dasani as Additional Director (Non-Executive) in the Category of Independent Director' on the Board of the Company. The board also approved reconstitution of Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Haresh Kothari was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 08
Axel Polymers Limited to Report Q2, 2023 Results on Nov 14, 2022 Axel Polymers Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Nov 14, 2022 Announcement • Aug 30
Axel Polymers Limited, Annual General Meeting, Sep 29, 2022 Axel Polymers Limited, Annual General Meeting, Sep 29, 2022, at 10:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 20% share price gain to ₹50.15, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 301% over the past three years. Announcement • May 21
Axel Polymers Limited to Report Q4, 2022 Results on May 30, 2022 Axel Polymers Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Haresh Kothari was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.47 (up from ₹0.14 in 3Q 2021). Revenue: ₹126.7m (up 84% from 3Q 2021). Net income: ₹2.03m (up 242% from 3Q 2021). Profit margin: 1.6% (up from 0.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 18
Second quarter 2022 earnings released: EPS ₹0.24 (vs ₹0.39 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹179.7m (up 200% from 2Q 2021). Net income: ₹2.01m (up 21% from 2Q 2021). Profit margin: 1.1% (down from 2.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 21% share price gain to ₹42.00, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 20% share price gain to ₹24.25, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 58% over the past three years. Executive Departure • Sep 06
Executive Chairman Bejan Bodhanwala has left the company On the 1st of September, Bejan Bodhanwala's tenure as Executive Chairman ended. As of June 2021, Bejan still personally held only 100.00 shares (₹1.8k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.92 years. Announcement • Sep 03
Axel Polymers Limited (BSE:513642) completed the acquisition of Dhara Petrochemicals Pvt. Ltd. Axel Polymers Limited (BSE:513642) agreed to acquire Dhara Petrochemicals Pvt. Ltd. for INR 52.1 million on August 21, 2019. Under the terms of the transaction, Axel will issue 901 shares for every 100 Dhara shares. The turnover of Dhara Petrochemicals Pvt. Ltd. for the year ended March 31, 2019 was approximately INR 525,541,000 and total assets was INR 278,528,000. Transaction is subject to the requisite approval of the Securities and Exchange Board of India, The BSE Ltd., shareholders and creditors of Dhara Petrochemicals and Axel Polymers and the sanction of the National Company Law Tribunal, Ahmedabad Bench and such other statutory and regulatory authority. As of August 20, 2019, the audit committe of Axel recommended the transaction to Board. As of August 21, 2019, the Board of Axel, approved the transaction. MSKA & Associates acted as accountant and CapitalSquare Advisors Private Limited provided fairness opinion for Axel Polymers Limited. As of February 17, 2021, the transaction was approved by the shareholders and creditors. As of August 3, 2021, the transaction was approved by the National Company law Tribunal; Ahmedabad Bench.
Axel Polymers Limited (BSE:513642) completed the acquisition of Dhara Petrochemicals Pvt. Ltd. on September 1, 2021. Executive Departure • Aug 26
Independent Non-Executive Director Amol Samant has left the company On the 19th of August, Amol Samant's tenure as Independent Non-Executive Director ended after 2.2 years in the role. We don't have any record of a personal shareholding under Amol's name. Amol is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.83 years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improved over the past week After last week's 15% share price gain to ₹18.90, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 18x in the Chemicals industry in India. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹17.30, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 21x in the Chemicals industry in India. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 16% share price gain to ₹20.90, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 27% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹0.44 (vs ₹0.22 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹230.4m (flat on FY 2020). Net income: ₹1.89m (up 101% from FY 2020). Profit margin: 0.8% (up from 0.4% in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 25
New 90-day high: ₹14.15 The company is up 9.0% from its price of ₹13.00 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 13% over the same period. Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS ₹0.14 (vs ₹0.47 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹68.8m (up 7.7% from 3Q 2020). Net income: ₹592.0k (down 71% from 3Q 2020). Profit margin: 0.9% (down from 3.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 94% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Feb 02
Axel Polymers Limited to Report Q3, 2021 Results on Feb 09, 2021 Axel Polymers Limited announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: ₹11.25 The company is down 5.0% from its price of ₹11.80 on 29 October 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. Announcement • Jan 22
Axel Polymers Limited, Annual General Meeting, Feb 17, 2021 Axel Polymers Limited, Annual General Meeting, Feb 17, 2021, at 16:00 Indian Standard Time. Agenda: To approve with or without modification(s), the Scheme of Amalgamation of Dhara Petrochemicals Private Limited with Axel Polymers Limited and their respective shareholders and creditors ("Scheme of Amalgamation" or "Scheme") under Sections 230 to 232; and to discuss other applicable provisions of the Companies Act, 2013 ("the Act") and the rules made thereunder. Is New 90 Day High Low • Jan 01
New 90-day high: ₹13.22 The company is up 27% from its price of ₹10.45 on 30 September 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 20% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: EPS ₹0.39 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹59.9m (up 13% from 2Q 2020). Net income: ₹1.66m (up ₹4.69m from 2Q 2020). Profit margin: 2.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Aug 01
Axel Polymers Limited to Report Q1, 2021 Results on Aug 11, 2020 Axel Polymers Limited announced that they will report Q1, 2021 results on Aug 11, 2020 
