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Poddar Pigments

NSEI:PODARPIGQ
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PODARPIGQ
NSEI
₹2B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Poddar Pigments Limited manufactures and sells color and additive masterbatches for dope dyeing of man-made fibers and various plastic applications in India. The last earnings update was 116 days ago. More info.


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PODARPIGQ Share Price and Events
7 Day Returns
3.3%
NSEI:PODARPIGQ
-0.1%
IN Chemicals
-0.1%
IN Market
1 Year Returns
-43.4%
NSEI:PODARPIGQ
-4.4%
IN Chemicals
-3.7%
IN Market
PODARPIGQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Poddar Pigments (PODARPIGQ) 3.3% -7% 7.2% -43.4% - -
IN Chemicals -0.1% -5.5% 5.4% -4.4% 50.8% 150.5%
IN Market -0.1% -5% 5.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • PODARPIGQ underperformed the Chemicals industry which returned -4.4% over the past year.
  • PODARPIGQ underperformed the Market in India which returned -3.7% over the past year.
Price Volatility
PODARPIGQ
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Poddar Pigments 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 Poddar Pigments 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 Poddar Pigments.

NSEI:PODARPIGQ 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 15.4%
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 NSEI:PODARPIGQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.871 (1 + (1- 35%) (0%))
0.914
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.914 * 8.6%)
15.41%

Discounted Cash Flow Calculation for NSEI:PODARPIGQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Poddar Pigments 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.

NSEI:PODARPIGQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.41%)
2019 99.29 Est @ 11.83% 86.04
2020 109.77 Est @ 10.55% 82.41
2021 120.36 Est @ 9.65% 78.30
2022 131.21 Est @ 9.02% 73.97
2023 142.47 Est @ 8.58% 69.59
2024 154.25 Est @ 8.27% 65.29
2025 166.68 Est @ 8.05% 61.13
2026 179.85 Est @ 7.9% 57.16
2027 193.87 Est @ 7.8% 53.39
2028 208.84 Est @ 7.72% 49.83
Present value of next 10 years cash flows ₹677.11
NSEI:PODARPIGQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹208.84 × (1 + 7.55%) ÷ (15.41% – 7.55%)
₹2,858.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹2,858.85 ÷ (1 + 15.41%)10
₹682.15
NSEI:PODARPIGQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹677.11 + ₹682.15
₹1,359.26
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,359.26 / 10.61
₹128.11
NSEI:PODARPIGQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:PODARPIGQ represents 0.97377x of BSE:524570
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97377x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 128.11 x 0.97377
₹124.75
Value per share (INR) From above. ₹124.75
Current discount Discount to share price of ₹157.75
= -1 x (₹157.75 - ₹124.75) / ₹124.75
-26.5%

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

  • The current share price of Poddar Pigments is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Poddar Pigments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Poddar Pigments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:PODARPIGQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹14.78
BSE:524570 Share Price ** BSE (2019-05-20) in INR ₹162
India Chemicals Industry PE Ratio Median Figure of 233 Publicly-Listed Chemicals Companies 14.53x
India Market PE Ratio Median Figure of 2,759 Publicly-Listed Companies 15.1x

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

** Primary Listing of Poddar Pigments.

NSEI:PODARPIGQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:524570 Share Price ÷ EPS (both in INR)

= 162 ÷ 14.78

10.96x

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

  • Poddar Pigments is good value based on earnings compared to the IN Chemicals industry average.
  • Poddar Pigments is good value based on earnings compared to the India market.
Price based on expected Growth
Does Poddar Pigments's expected growth come at a high price?
Raw Data
NSEI:PODARPIGQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
15.2%per year
India Chemicals Industry PEG Ratio Median Figure of 53 Publicly-Listed Chemicals Companies 1.26x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.25x

*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 Poddar Pigments, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Poddar Pigments's assets?
Raw Data
NSEI:PODARPIGQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹195.27
BSE:524570 Share Price * BSE (2019-05-20) in INR ₹162
India Chemicals Industry PB Ratio Median Figure of 268 Publicly-Listed Chemicals Companies 1.37x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
NSEI:PODARPIGQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:524570 Share Price ÷ Book Value per Share (both in INR)

= 162 ÷ 195.27

0.83x

* Primary Listing of Poddar Pigments.

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

  • Poddar Pigments is good value based on assets compared to the IN Chemicals industry average.
X
Value checks
We assess Poddar Pigments'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 Chemicals 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 Chemicals industry average (and greater than 0)? (1 check)
  5. Poddar Pigments has a total score of 3/6, 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.

Future Performance

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

  • No analysts cover Poddar Pigments, 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
15.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Poddar Pigments expected to grow at an attractive rate?
  • Poddar Pigments's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Poddar Pigments's earnings growth is positive but not above the India market average.
  • Unable to compare Poddar Pigments's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:PODARPIGQ Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:PODARPIGQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 15.2%
India Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 18.7%
India Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 13.7%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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
NSEI:PODARPIGQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months 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.
NSEI:PODARPIGQ Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:PODARPIGQ Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,521 157
2018-09-30 3,518 162
2018-06-30 3,386 174
2018-03-31 3,341 70 191
2017-12-31 3,303 200
2017-09-30 3,221 201
2017-06-30 3,255 204
2017-03-31 3,287 271 203
2016-12-31 3,328 209
2016-09-30 3,398 207
2016-06-30 3,364 196
2016-03-31 3,260 44 183

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Poddar Pigments's earnings are expected to grow by 15.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Poddar Pigments 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
NSEI:PODARPIGQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Poddar Pigments Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PODARPIGQ Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:PODARPIGQ Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 14.78
2018-09-30 15.32
2018-06-30 16.45
2018-03-31 18.01
2017-12-31 18.81
2017-09-30 18.95
2017-06-30 19.19
2017-03-31 19.10
2016-12-31 19.69
2016-09-30 19.51
2016-06-30 18.49
2016-03-31 17.29

*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 Poddar Pigments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Poddar Pigments'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.
Poddar Pigments has a total score of 1/6, 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.

Past Performance

  How has Poddar Pigments 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 Poddar Pigments's growth in the last year to its industry (Chemicals).
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.
  • Poddar Pigments's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Poddar Pigments's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Poddar Pigments's 1-year earnings growth is negative, it can't be compared to the IN Chemicals industry average.
Earnings and Revenue History
Poddar Pigments'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 Poddar Pigments Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PODARPIGQ Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,521.31 156.71 233.92
2018-09-30 3,518.35 162.41 227.97
2018-06-30 3,385.58 174.44 217.30
2018-03-31 3,341.49 191.05 217.09
2017-12-31 3,303.14 199.61 217.56
2017-09-30 3,220.65 201.17 209.71
2017-06-30 3,255.01 203.69 203.90
2017-03-31 3,287.23 202.66 194.78
2016-12-31 3,327.77 208.96 194.30
2016-09-30 3,397.89 206.92 192.61
2016-06-30 3,364.14 196.12 188.30
2016-03-31 3,259.89 183.42 181.92
2015-12-31 3,135.80 169.67 291.78 37.58
2015-09-30 3,113.54 165.83 287.36 37.58
2015-06-30 3,083.87 161.18 280.11 37.58
2015-03-31 3,183.08 163.15 153.74
2014-12-31 3,287.54 159.94 257.98 36.22
2014-09-30 3,215.61 150.08 250.43 36.22
2014-06-30 3,281.83 144.79 247.86 36.22
2014-03-31 3,132.27 134.68 240.43 36.22
2013-12-31 3,020.46 130.91 227.09 27.75
2013-09-30 2,955.80 130.41 220.18 27.75
2013-06-30 2,836.64 129.36 212.09 27.75
2013-03-31 2,755.53 127.91 207.74 27.75
2012-12-31 2,603.76 117.50 184.12 20.64
2012-09-30 2,503.17 115.62 178.45 20.64
2012-06-30 2,364.33 102.71 175.32 20.64

*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.
  • Poddar Pigments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Poddar Pigments used its assets less efficiently than the IN Chemicals industry average last year based on Return on Assets.
  • Poddar Pigments's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Poddar Pigments'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 Chemicals 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.
Poddar Pigments has a total score of 1/6, 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.

Health

 How is Poddar Pigments'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 Poddar Pigments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Poddar Pigments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Poddar Pigments's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Poddar Pigments'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.
  • Poddar Pigments has no debt, it does not need to be covered by short term assets.
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 Poddar Pigments Company Filings, last reported 4 months ago.

NSEI:PODARPIGQ Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,071.47 0.00 223.27
2018-09-30 2,071.47 0.00 223.27
2018-06-30 1,971.70 0.00 369.34
2018-03-31 1,971.70 0.00 346.74
2017-12-31 1,703.43 0.00 76.39
2017-09-30 1,703.43 0.00 76.39
2017-06-30 1,269.89 11.42 237.90
2017-03-31 1,603.66 11.42 227.41
2016-12-31 1,200.25 0.00 137.11
2016-09-30 1,200.25 0.00 137.11
2016-06-30 1,097.87 30.16 122.26
2016-03-31 1,097.87 30.16 122.26
2015-12-31 1,025.25 1.57 116.13
2015-09-30 1,025.25 1.57 116.13
2015-06-30 946.38 7.54 128.50
2015-03-31 946.38 7.54 128.50
2014-12-31
2014-09-30
2014-06-30 818.38 63.72 49.02
2014-03-31 818.38 63.72 49.02
2013-12-31
2013-09-30 772.41 135.04 47.36
2013-06-30 711.62 147.28 9.18
2013-03-31 711.62 147.28 9.18
2012-12-31 666.83 204.32 36.84
2012-09-30 666.83 204.32 36.84
2012-06-30 608.54 216.44 25.93
  • Poddar Pigments has no debt.
  • Poddar Pigments has no debt compared to 5 years ago when it was 12.4%.
  • Poddar Pigments has no debt, it does not need to be covered by operating cash flow.
  • Poddar Pigments has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Poddar Pigments'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. Poddar Pigments 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.

Dividends

 What is Poddar Pigments'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
2.16%
Current annual income from Poddar Pigments dividends.
If you bought ₹2,000 of Poddar Pigments shares you are expected to receive ₹43 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?
  • Poddar Pigments's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • Poddar Pigments's dividend is above the markets top 25% of dividend payers in India (2.09%).
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
NSEI:PODARPIGQ 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 Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 162 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
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 2.1%

Industry and Market average data is calculated daily.

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

NSEI:PODARPIGQ Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:PODARPIGQ Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-21 3.500 1.745
2017-09-06 3.500 1.198
2017-05-29 3.500 1.245
2017-02-13 2.500 0.955
2016-03-15 2.500 1.257
2015-09-14 2.500 1.788
2014-08-26 2.250 1.731
2013-08-06 2.000 3.918
2013-05-22 2.000 4.603
2012-09-26 2.000 3.986
2011-08-29 1.500 4.047

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

  • Whilst dividend payments have been stable, Poddar Pigments has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Poddar Pigments only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Poddar Pigments's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
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 Poddar Pigments'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 Poddar Pigments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Poddar Pigments has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Poddar Pigments'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
Ramesh Sureka
COMPENSATION ₹9,832,000
AGE 62
TENURE AS CEO 19.9 years
CEO Bio

Mr. Ramesh Kumar Sureka has been the Chief Executive Officer and Executive Director at Poddar Pigments Limited since June 1, 1999. Mr. Sureka has vast managerial experience of more than 30 years and has worked in very senior position in his professional career controlling the area of finance, commercial and administrative functions. He is a Fellow member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.

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

Average tenure and age of the Poddar Pigments management team in years:

6.2
Average Tenure
56.5
Average Age
  • The average tenure for the Poddar Pigments management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ramesh Sureka

TITLE
CEO & Executive Director
COMPENSATION
₹10M
AGE
62
TENURE
19.9 yrs

Shiv Poddar

TITLE
MD & Executive Director
COMPENSATION
₹12M
AGE
69
TENURE
11.6 yrs

Gaurav Goenka

TITLE
Joint MD & Director
COMPENSATION
₹60K
AGE
43
TENURE
0.1 yrs

Navin Jain

TITLE
Senior GM of Legal
AGE
51

Bipin Bohra

TITLE
CFO and Assistant VP of Legal & Communication
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Poddar Pigments board of directors in years:

7.8
Average Tenure
61.5
Average Age
  • The tenure for the Poddar Pigments board of directors is about average.
Board of Directors

Ramesh Sureka

TITLE
CEO & Executive Director
COMPENSATION
₹10M
AGE
62
TENURE
19.9 yrs

Shiv Poddar

TITLE
MD & Executive Director
COMPENSATION
₹12M
AGE
69

Gaurav Goenka

TITLE
Joint MD & Director
COMPENSATION
₹60K
AGE
43
TENURE
3 yrs

Manoj Sonthalia

TITLE
Non Executive Independent Director
COMPENSATION
₹25K
AGE
61
TENURE
25.3 yrs

Nagarajan Gopalaswamy

TITLE
Non Executive Independent Director
COMPENSATION
₹15K
AGE
86
TENURE
24.8 yrs

Mahima Agarwal

TITLE
Non Executive Director
COMPENSATION
₹20K
AGE
44
TENURE
7.8 yrs

M. Mahadevan

TITLE
Non-Executive Independent Director
COMPENSATION
₹10K
AGE
63
TENURE
2.9 yrs

Lalitha Kumaramangalam

TITLE
Additional Director
AGE
60
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Poddar Pigments'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. Poddar Pigments 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.

News

Simply Wall St News

Does Market Volatility Impact Poddar Pigments Limited's (NSE:PODARPIGQ) Share Price?

If you're interested in Poddar Pigments Limited (NSE:PODARPIGQ), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Here's How We Evaluate Poddar Pigments Limited's (NSE:PODARPIGQ) Dividend

Is Poddar Pigments Limited (NSE:PODARPIGQ) a good dividend stock? How would you know? A dividend paying company with growing earnings can be rewarding in the long term.. … If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful.. … With a 2.1% yield and a eight-year payment history, investors probably think Poddar Pigments looks like a reliable dividend stock.

Simply Wall St -

Do Insiders Own Shares In Poddar Pigments Limited (NSE:PODARPIGQ)?

The big shareholder groups in Poddar Pigments Limited (NSE:PODARPIGQ) have power over the company. … With a market capitalization of ₹2.0b, Poddar Pigments is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Poddar Pigments

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Poddar Pigments Limited (NSE:PODARPIGQ)

We'll show how you can use Poddar Pigments Limited's (NSE:PODARPIGQ) P/E ratio to inform your assessment of the investment opportunity. … Poddar Pigments has a P/E ratio of 13.12, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Did Changing Sentiment Drive Poddar Pigments's Share Price Down By 47%?

Unfortunately the Poddar Pigments Limited (NSE:PODARPIGQ) share price slid 47% over twelve months. … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Read This Before Judging Poddar Pigments Limited's (NSE:PODARPIGQ) ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.076 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why Poddar Pigments Limited’s (NSE:PODARPIGQ) Return On Capital Employed Might Be A Concern

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Poddar Pigments Limited (NSE:PODARPIGQ) A Smart Choice For Dividend Investors?

Historically, Poddar Pigments Limited (NSE:PODARPIGQ) has paid a dividend to shareholders. … Let's take a look at Poddar Pigments in more detail. … Check out our latest analysis for Poddar Pigments?

Simply Wall St -

Why Poddar Pigments Limited (NSE:PODARPIGQ) Could Have A Place In Your Portfolio

Poddar Pigments Limited (NSE:PODARPIGQ) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … report on Poddar Pigments here

Simply Wall St -

Is It Too Late To Consider Buying Poddar Pigments Limited (NSE:PODARPIGQ)?

saw significant share price movement during recent months on the NSEI, rising to highs of ₹240.8 and falling to the lows of ₹173.25. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Poddar Pigments's current trading price of ₹187.95 reflective of the actual value of the?

Simply Wall St -

Company Info

Description

Poddar Pigments Limited manufactures and sells color and additive masterbatches for dope dyeing of man-made fibers and various plastic applications in India. It offers manmade fiber products, such as polyester, polypropylene, and polyamide products; and plastic and packaging products that include additive masterbatches, film and packaging products, injection/blow/roto moldings, pipe extrusions, cables, pet performs and bottles, polyester films, and plastics smart products. The company also provides engineering compounds that include carboplus series, butoplus series, nyloplus series, and polyplus series. Its products are used in various applications, such as automotive, carpets, home furnishing, apparel, non-woven fabric, technical fiber, etc. The company serves customer under MASTERPLUS brand name. Poddar Pigments Limited also exports its products. The company was incorporated in 1991 and is headquartered in Mumbai, India.

Details
Name: Poddar Pigments Limited
PODARPIGQ
Exchange: NSEI
Founded: 1991
₹1,630,757,000
10,610,000
Website: http://www.poddarpigmentsltd.com
Address: Poddar Pigments Limited
No. 302, Nanak Chambers,
3rd Floor, Opposite Fun Republic,
Mumbai,
Maharashtra, 400053,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 524570 Equity Shares Mumbai Stock Exchange IN INR 31. Dec 2001
NSEI PODARPIGQ Equity Shares National Stock Exchange of India IN INR 31. Dec 2001
Number of employees
Current staff
Staff numbers
309
Poddar Pigments employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 13:03
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2018/05/19
Last earnings filing: 2019/01/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.