Fundamental Analysis
POLYPLEX CORPORATION LTD
Ticker : 524051
BUY : ₹ 2073
Tatget : ₹ 2363.00
It is a leading manufacturing company across various plastic film substrates like PET (thin & thick), BOPP, CPP, and Blown PP/PE. On the consolidated quarterly front, the company recorded net sales of Rs 1,547.58 crore for Q2FY22, increased by 26.1 per cent from its net sales of Rs 1,227.30 crore reported for Q2FY21. The operating profit jumped 43.11 per cent to Rs 276.61 crore in Q2FY22 from Rs 193.29 crore posted in Q2FY21. The net profit was recorded at Rs 169.40 crore in Q2FY22 from Rs 102.25 crore in Q2FY21, showing a staggering increase of 65.67 per cent. PCL has been granted 20 patents and six trademarks across various products, processes, brands & countries while more than three patents are currently under the application stage. It has delivered good profit growth of 77.52 per cent CAGR over the last five years. The company has been maintaining a healthy dividend payout of 57.46 per cent. Hence, we recommend BUY.