Maharashtra Polybutenes (Delisted) share price

BSE: 524232

Maharashtra Polybutenes Ltd · Face value ₹1 · Listed Jul 2003

Last traded ₹0.38 on 15 May 2017

Delisted on 11 May 2018.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Share price history

Daily closes since Nov 2011, adjusted for splits and bonuses. Earlier closes are left out: on 14 Nov 2011 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Results for the quarter to Dec 2017

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹2.39 Cr−47.0% on a year ago · −67.0% on the quarter before
Operating profit
−₹0.22 Cr
Net profit
−₹0.78 Cr
Earnings per share
−₹0.05
Operating margin
−9.2%
Net margin
−32.6%

From revenue to net profit, ₹ crore

  1. Revenue2.4
  2. Materials and goods−2.4
  3. Employee costs−0.1
  4. Other expenses−0.1
  5. Operating profit−0.2
  6. Depreciation−0.1
  7. Finance costs−0.5
  8. Profit before tax−0.8
  9. Net profit−0.8

Maharashtra Polybutenes results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2017. Results for the quarter to Mar 2018 were due by 30 May 2018, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
116.4Mar 152.4−1.5Jun 150.4−1.0Sep 151.0−9.5Dec 153.1−19Mar 160.5−2.0Jun 16Sep 164.5−0.5Dec 163.6−1.7Mar 173.3−0.6Jun 177.3−0.8Sep 172.4−0.8Dec 17
Peak revenue ₹11 Cr, quarter to Mar 2015; lowest ₹0.40 Cr, quarter to Sep 2015A loss in 10 of the 11 quarters with results on record

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
61.1%−941.4%61.1%−32.4%−80.9%−862.1%−93.3%−239.4%2.6%−1.3%−2.0%−9.2%56.1%−64.0%−252.9%−941.4%−622.6%−377.6%−10.7%−47.7%−18.0%−11.2%−32.6%Mar 15Sep 15Mar 16Sep 16Mar 17Sep 17Dec 17
₹ croreMar 2013Jun 2013Sep 2013Dec 2013Mar 2014Jun 2014Sep 2014Dec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017
Revenue from operations18.511.26.65.44.60.10.35.211.42.40.41.03.10.5–4.53.63.37.32.4
17.412.05.46.3–0.6–9.14.43.20.79.76.01.8–4.4–3.37.42.6
Materials and goods bought14.28.83.34.8–0.10.87.53.11.7–9.04.81.4–4.13.63.07.12.4
Employee costs–––––––––––––––0.1–0.1–0.1
Other expenses–––––––––––––––0.1–0.1–0.1
Operating profit before depreciation1.1−0.81.2−0.9–−0.5–−3.97.0−0.8−0.3−8.7−2.9−1.3–0.1–0.0−0.1−0.2
Operating margin6.1%−7.5%17.7%−16.2%–−343.1%–−75.0%61.1%−32.4%−80.9%−862.1%−93.3%−239.4%–2.6%–−1.3%−2.0%−9.2%
Depreciation and amortisation0.40.40.40.40.80.1−0.10.1−0.10.10.10.10.10.1–0.10.10.10.10.1
Other income0.20.00.00.00.10.00.00.00.00.0–0.00.00.0––0.0–––
Finance costs0.70.60.60.6−1.00.6−0.60.71.00.70.60.71.50.7–0.5–0.50.60.5
Profit before one-off items and tax0.2−1.80.2−1.93.6−1.1−0.3−4.76.0−1.5−1.0−9.5−4.5−2.0–−0.5−1.7−0.6−0.8−0.8
One-off items0.00.00.00.00.00.00.0–0.0–––−14.8–––––––
Profit before tax0.2−1.80.2−1.93.6−1.1−0.3−4.76.0−1.5−1.0−9.5−19.3−2.0–−0.5−1.7−0.6−0.8−0.8
0.0–––––––−0.4–––0.1–––––––
Tax rate17.5%–––––––−6.3%–––––––––––
Net profit0.2−1.80.2−1.93.6−1.1−0.3−4.76.4−1.5−1.0−9.5−19.3−2.0–−0.5−1.7−0.6−0.8−0.8
Net margin0.8%−16.4%2.9%−34.7%78.8%−807.9%−97.5%−89.8%56.1%−64.0%−252.9%−941.4%−622.6%−377.6%–−10.7%−47.7%−18.0%−11.2%−32.6%
Earnings per share–−₹0.12₹0.01−₹0.12––−₹0.02–₹0.41−₹0.10––––––−₹0.11−₹0.04−₹0.05−₹0.05
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Sep 2016.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
462.9Mar 08482.9Mar 09883.4Mar 101056.9Mar 11742.2Mar 12430.3Mar 13280.1Mar 14170.4Mar 156.9−31Mar 1610−5.3Mar 17
A loss in 2 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
17.7%−453.0%1.1%9.5%7.2%8.1%11.3%11.0%11.8%17.7%−183.0%6.3%6.1%3.9%6.5%3.0%0.6%0.3%2.4%−453.0%−51.9%Mar 08Mar 10Mar 12Mar 14Mar 16Mar 17

The years either side of a change of basis do not compare. From the year to Mar 2010, the company's revenue for that year, ₹88 Cr, differs from its quarters added, ₹89 Cr. From the year to Mar 2012, the company's revenue for that year, ₹74 Cr, differs from its quarters added, ₹87 Cr.

Results for the year to Mar 2017

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue10
  2. Depreciation−0.3
  3. Other income0.0
  4. Profit before tax−5.3
  5. Tax0.0
  6. Net profit−5.3

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Dec 2017, the latest four quarters added.

₹ croreMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Dec 2017Twelve months
Revenue from operations4648881057443281771016
454381966638241420––
Materials and goods bought34–––60301710161116
Operating profit before depreciation15688533−13––
Operating margin1.1%9.5%7.2%8.1%11.3%11.0%11.8%17.7%−183.0%––
Depreciation and amortisation11222200000
Operating profit after depreciation−13577333−13––
Other income0000000000–
Finance costs001223334––
Profit before one-off items and tax–3454000−17−5−4
One-off items–000–000−15––
Profit before tax−13454000−31−5−4
001−2200000–
Net profit33372000−31−5−4
Net margin6.3%6.1%3.9%6.5%3.0%0.6%0.3%2.4%−453.0%−51.9%−23.6%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2009, Mar 2010 and Mar 2011 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2017: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Earnings per share₹0.14–₹0.01₹0.03–−₹0.34
Diluted earnings per share––₹0.01₹0.03–−₹0.34
Market cap at the year end (₹ crore)196–37–––

Ratios

Standalone, years to March.

RatioMar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue growth4.9%–19.7%–−42.1%−35.5%−38.7%−59.3%49.1%
Operating profit growth779.3%–34.6%–−43.5%−31.0%−8.3%––
Net profit growth1.5%16.1%103.1%−67.3%−87.8%−71.1%425.3%––
Earnings per share growth––––––200.0%––
Interest cover7.56.63.93.01.01.01.0––
Interest cover is left blank for the years to Mar 2008 and Mar 2016: operating profit after depreciation is a loss, and a loss covers no interest bill. Revenue growth and operating profit growth are left blank for the years to Mar 2010 and Mar 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2017.

Measure10 years5 years3 years
Revenue growth, yearly rate–−32.6%−28.1%
Operating margin, average−11.7%−35.6%−82.7%
Net margin, average−47.6%−100.3%−167.5%

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Effective tax ratePublished threshold 17.16 per cent3.0017.00−32.5950.0810.4937.10−964.10––
A threshold marked as ours has no published figure; it is the line we read the check against.

Where the return came from

Yearly rates to Mar 2017, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−21.3%––0.0%
3 years−46.2%––0.0%
5 years−50.6%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth and the change in P/E over 5 years are left empty: the earnings per share stated for one end does not match that year's profit and share count, and no share count is on record to work it out.

Maharashtra Polybutenes share price by year

Each calendar year to 2017.

YearClose at year endChangeHighest closeLowest close
20170.380.0%0.400.37
20160.38−22.4%0.540.34
20150.49−87.6%4.500.47
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The close is the year's last trade for 2017 (15 May 2017) and 2016 (2 Nov 2016).

Recent sessions

The 10 trading days to 15 May 2017, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
15 May 20170.380.380.380.380.38725
27 Mar 20170.390.390.370.370.3910,050
6 Mar 20170.380.380.380.380.38100
13 Feb 20170.400.400.400.400.4010,000
9 Jan 20170.390.390.390.390.3910,100
2 Nov 20160.390.390.380.380.394,938
1 Nov 20160.400.400.400.400.402,000
20 Oct 20160.400.400.400.400.40200
18 Oct 20160.420.420.420.420.42500
17 Oct 20160.440.440.440.440.44100
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
14 Nov 2011Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
19 Sep 2008Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

BSE code
524232
ISIN
INE488E01037
CIN
L99999MH1988PLC048937
Corporate identity number, the registrar of companies' code for it
Incorporated
1988
Registered office
Plot No. R - 802, TTC Industrial Area, Thane Belapur Road, Mahape, Navi Mumbai 400710, Maharashtra
Share registrar
Sharex Dynamic (India) Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments