Our 3rd company in the Series of Which stock pays the highest dividend in india 2021 is Polyplex Corp Ltd.
Here is the detail of dividend of Polyplex Corp Ltd
| EX-DATE | DIVIDEND AMOUNT | DIVIDEND TYPE |
| Aug. 25, 2021 | 33.00 | INTERIM |
| Feb. 17, 2021 | 100.00 | INTERIM |
| Nov. 19, 2020 | 15.00 | INTERIM |
You can see company given dividend Rs. 33.00 in Aug. 25, 2021.
This company is good for investing purpose or not ?
Let’s start with the Company profile
Company Profile :
Polyplex Corporation Limited manufactures and sells polyester (PET) films primarily for flexible packaging in India and internationally. The company offers Sarafil base films, including biaxially-oriented (BO) PET films for use in packaging, electrical, and industrial applications; BO polypropylene (PP) films for flexible packaging and other applications; cast PP films for flexible packaging and other applications; blown PP films used in pressure sensitive applications; sustainable films; holographic films; and transfer metalized papers. It also provides Saracote silicone coated PET/PP films, such as release liner-labels, release liner-specialty products, shingle roofing tapes, release film liners, and primer coated liners used in labels, tapes, roofing shingles, and peels and sticks underlayments. In addition, the company offers Saralam range of extrusion coated film products comprising reflective insulation, decorative lamination, PET thermal lamination film-thin and thick gauge, PP thermal lamination, MegaBond PET and PP thermal lamination, nylon thermal lamination, and Zafira UV polyester thermal lamination films for use in thermal lamination products, such as book covers, identity cards, etc., as well as in carton lamination, commercial films, etc. Polyplex Corporation Limited was incorporated in 1984 and is based in Noida, India.
Now Let’s check the important fundamental figures of this company. This is a small cap company with Market Cap ₹4,502cr. We can check more fundamental details below in depth:
Company Fundamental Detail :
PE Ratio: 8.80
Sector PE Ratio: 23.66
PE Ratio of this company is low than Sector’s PE. So it’s a Good PE than the peers of this company.
PB Ratio : 1.00
Sector PB Ratio : 3.14
PB Ratio of this company is low than Sector’s PB ratio. So it’s Average PB than the peers of this company.
Dividend Yield : 11.65%
Sector Dividend Yield : 1.59%
Dividend Yield of this company is high than Sector. Dividend of this is Good than the peers of this company.
ROE: 14.9%
ROCE: 18.0%
ROE (Return on equity) and ROCE (Return on capital equity) is Above Average
According to above data, this company is looking fundamentally average. Now We’ll check the company Financially data:
Company Financial Detail
| Year | Revenue(cr.) | Profit(cr.) |
| 2021 | 4,977.32 | 511.81 |
| 2020 | 4,617.91 | 282.04 |
| 2019 | 4,733.43 | 330.04 |
| 2018 | 3,616.51 | 159.45 |
You can see the company growth clearly in the above table, in 2019 Net profit was 330.04 Cr. only and in 2020, It decreased to 282.04 Cr. and in 2021, it is increased to 511.81 Cr.
We should check now liabilities of company also in the below table
Total Current & Non Current Liabilities
| 2020 | 2019 | 2018 | 2017 |
| 1,320.75 | 1,198.10 | 1,247.54 | 1,168.76 |
Liabilities of a company refers to the debt of that company. We should also aware the debt of company. In 2020 , Company have 1,320.75 Cr. debt.
Let’s check the Free Cash flow of the company
Free Cash flow
| 2020 | 2019 | 2018 | 2017 |
| 258.82 | 178.72 | 169.50 | 374.91 |
Reducing Debt: Polyplex Corp debt to equity ratio has reduced from 40.7% to 12.5% over the past 5 years.
Debt Coverage: Polyplex Corp debt is well covered by operating cash flow (183.5%).
Interest Coverage: Polyplex Corp interest payments on its debt are well covered by EBIT (58.9x coverage).
Share Holding Pattern
| Promotor Holding | Foreign Institution | Mutual Fund | Other Domestic Institutions | Retail & Others | |
| Jun 2021 | 50.97% | 7.71% | 4.25% | 0.01% | 37.06% |
| Mar 2021 | 50.97% | 8.38% | 4.31% | 0.01% | 36.33% |
| Dec 2020 | 50.97% | 7.51% | 4.47% | 0.01% | 37.03% |
| Sep 2020 | 50.97% | 7.08% | 4.59% | 0.02% | 37.33% |
Above table showing there is no big change in Promotors holding which is 50.97% in June 2021. FIIs invested in June 2021 with 7.71% and retail investor is 37.06% .
Now We’ll check the return of the company, This company started from Rs. 6.76 at 5 jan 2000. This company given 81.48% returns in last 1 year from 2020 to 20 Aug 2021.
Investment Checklist for Polyplex Corp Ltd.
- The company is currently profitable
- Earnings are forecast to grow by an average of 15.3% per year for the next 3 years
- Debt level is low and not considered a risk
- Share price has been stable over the past 3 months
- The company’s earnings are high quality
- Profit margins improved or Polyplex Corp became profitable
- At least 3 years of financial data is available
- Shareholders have not been meaningfully diluted in the past year or recently listed
- Revenue is meaningful (₹52B)
- Market cap is meaningful (₹45B)
- Polyplex Corp does not have negative shareholders equity.
According to its historical performance we can predict stock target.
[membership_protected_content user=non-member]
Entry Buying Zone : Premium members can see only
Target: Premium members can see only
Time Horizon:Premium members can see only
Risk Profile: Premium members can see only
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[membership_protected_content]
Entry Buying Zone : 1100 to 1200
Target: 1600 (40% Upside)
Time Horizon: 1 Year
Risk Profile: Low Risk (Stock is 1.88x as volatile as Nifty)
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Hope you liked Our 3rd company in the Series of Which stock pays the highest dividend in india 2021. We tried to cover many important things about this company, if you think anything left to cover, you can comment us and we’ll try to cover those things also.
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