Polygenta Technologies (Delisted) share price

BSE: 514486

Polygenta Technologies Ltd. · Face value ₹10 · Listed Mar 1995

Last traded ₹1.36 on 17 Mar 2020

Delisted on 30 Apr 2020.

Last announcements

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

Share price history

Daily closes since Jan 2010, adjusted for splits and bonuses. Earlier closes are left out: on 29 Jan 2010 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Q3 results, quarter to Dec 2019

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

Revenue
₹23 Cr−18.0% on the quarter before
Operating profit
−₹0.50 Cr
Net profit
−₹4.51 Cr
Earnings per share
−₹0.29
Operating margin
−2.1%
Net margin
−19.2%

From revenue to net profit, ₹ crore

  1. Revenue23
  2. Materials and goods−15
  3. Employee costs−3.2
  4. Other expenses−6.0
  5. Operating profit−0.5
  6. Depreciation−4.0
  7. Other income+0.3
  8. Finance costs−0.3
  9. Profit before tax−4.5
  10. Tax0.0
  11. Net profit−4.5

Polygenta Technologies results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2019. Results for the quarter to Mar 2020 were due by 30 May 2020, 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
11−11Mar 1717−10Jun 1715−9.0Sep 1713−9.5Dec 1717−26Mar 1819−8.3Jun 1822−6.1Sep 1825−4.1Dec 1827−5.6Mar 1930−1.6Jun 1929−1.2Sep 1923−4.5Dec 19
A loss in 12 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
9.4%−154.9%−73.4%−39.6%−35.2%−43.1%−36.8%−23.0%−8.8%−6.3%−1.0%5.0%9.4%−2.1%−95.1%−59.1%−60.9%−72.3%−154.9%−43.4%−27.0%−16.6%−20.9%−5.5%−4.1%−19.2%Mar 17Sep 17Mar 18Sep 18Mar 19Sep 19Dec 19
₹ croreMar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3
Revenue from operations13.211.310.614.311.013.212.114.411.417.214.813.217.019.122.424.826.830.028.623.4
14.719.018.223.023.321.819.922.819.824.020.018.923.323.524.426.327.128.525.923.9
Materials and goods bought10.910.09.112.18.112.19.813.711.011.811.710.015.012.715.016.117.318.016.214.7
Employee costs–––––––––––––3.63.53.53.53.53.63.2
Other expenses–––––––––––––7.26.06.76.26.96.06.0
Operating profit before depreciation−1.5−7.7−7.6−8.7−12.3−8.6−7.8−8.4−8.4−6.8−5.2−5.7−6.3−4.4−2.0−1.6−0.31.52.7−0.5
Operating margin−11.2%−67.9%−71.3%−60.5%−111.4%−64.8%−63.9%−58.2%−73.4%−39.6%−35.2%−43.1%−36.8%−23.0%−8.8%−6.3%−1.0%5.0%9.4%−2.1%
Depreciation and amortisation3.14.13.93.73.93.93.93.73.73.73.93.73.73.73.83.85.43.74.14.0
Other income0.20.20.20.20.40.20.20.30.50.80.50.20.30.20.21.70.41.00.60.3
Finance costs3.39.05.43.4−6.31.72.0−1.0−1.20.40.40.30.40.40.50.50.30.40.30.3
Profit before one-off items and tax−7.7−20.5−16.7−15.6−9.5−13.9−13.4−10.8−10.4−10.1−9.0−9.5−10.1−8.3−6.1−4.1−5.6−1.6−1.2−4.5
One-off items−2.4–––3.6–––−0.5–––−16.30.00.00.00.00.00.00.0
Profit before tax−10.1−20.5−16.7−15.6−5.9−13.9−13.4−10.8−10.9−10.1−9.0−9.5−26.4−8.3−6.1−4.1−5.6−1.6−1.2−4.5
Tax−0.8––––––––––––0.00.00.00.00.00.00.0
Net profit−9.3−20.5−16.7−15.6−5.9−13.99.5−10.8−10.9−10.1−9.0−9.5−26.4−8.3−6.1−4.1−5.6−1.6−1.2−4.5
Other comprehensive income–––––––––––––0.00.00.0−0.20.00.00.0
Total comprehensive income–––––––––––––−8.2−6.0−4.1−5.8−1.6−1.2−4.5
Net margin−70.1%−181.9%−157.4%−109.0%−53.6%−105.2%78.0%−75.2%−95.1%−59.1%−60.9%−72.3%−154.9%−43.4%−27.0%−16.6%−20.9%−5.5%−4.1%−19.2%
Earnings per share––––––––−₹0.70−₹0.65−₹0.58−₹0.61−₹1.69−₹0.53−₹0.39−₹0.26−₹0.36−₹0.11−₹0.08−₹0.29
Earnings per share in rupees, restated for later splits and bonuses.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2019, the company's revenue for the year to Mar 2019, ₹95 Cr, differs from its quarters added, ₹93 Cr.

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
Mar 10713.5Mar 11180−50Mar 1274−68Mar 1354−70Mar 1455−64Mar 1547−59Mar 1651−26Mar 1762−55Mar 1895−242Mar 19
A loss in 8 of the 9 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
11.8%−128.5%11.8%−13.5%−77.2%−58.0%−76.6%−66.7%−38.6%−7.1%5.0%−27.6%−92.3%−128.5%−116.3%−124.4%−51.7%−88.9%−25.4%Mar 10Mar 12Mar 14Mar 16Mar 18Mar 19

The years either side of a change of basis do not compare. From the year to Mar 2019, the company's revenue for that year, ₹95 Cr, differs from its quarters added, ₹93 Cr.

Results for the year to Mar 2019

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

From revenue to net profit

  1. Revenue95
  2. Materials and goods−61
  3. Employee costs−14
  4. Other expenses−26
  5. Operating profit−6.7
  6. Depreciation−17
  7. Other income+1.1
  8. One-off items0.0
  9. Finance costs−1.6
  10. Profit before tax−24
  11. Tax0.0
  12. Net profit−24

What the company owns

  • Plant, investments and other assets₹189 Cr
  • Inventory₹14 Cr
  • Receivables₹9 Cr
  • Cash and bank₹0 Cr

What pays for it: net worth and liabilities

  • Net worth₹201 Cr
  • Owed to suppliers₹6 Cr
  • Other liabilities₹3 Cr
  • Borrowings₹2 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the year to Mar 2010. The last column is the twelve months to Dec 2019, the latest four quarters added.

₹ croreMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019Twelve months
Revenue from operations7118074545547516295109
62205–9686838486101105
Materials and goods bought–1547453533947496166
Employee costs––––––––1414
Other expenses––––––––2625
Operating profit before depreciation8−24–−42−32−36−34−24−73
Operating margin11.8%−13.5%–−77.2%−58.0%−76.6%−66.7%−38.6%−7.1%3.1%
Materials, % of revenue––––––––64.6%60.9%
Employee costs, % of revenue––––––––15.0%12.8%
Other expenses, % of revenue––––––––27.6%23.1%
Depreciation and amortisation413–16161615151717
Operating profit after depreciation4−38–−58−47−52−49−39−23−14
Other income0101112212
Finance costs214111316122221
Profit before one-off items and tax3−51−57−70−62−62−49−39−24−13
One-off items11−1–−2422−1600
Profit before tax4−50−59−70−64−59−26−55−24−13
Tax0–10–−1–––00
Net profit4−50−68−70−64−59−26−55−24−13
Other comprehensive income––––––––00
Total comprehensive income––––––––−24−13
Net margin5.0%−27.6%−92.3%−128.5%−116.3%−124.4%−51.7%−88.9%−25.4%−11.9%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2011, Mar 2012, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018 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 2013: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019
201
Share capital156
Reserves44
Borrowings2
11
Liabilities due after a year0
Total assets212
181
31
Net debt2
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Earnings per share––––––−₹1.72–−₹1.54
Diluted earnings per share––––––−₹1.72–−₹1.54
Market cap at the year end (₹ crore)416––––––––
Earnings per share is left blank for the year to Mar 2018: the earnings per share stated has the opposite sign to the profit stated beside it, so it is not shown.

Ratios

Standalone, years to March.

RatioMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue growth–155.3%−59.0%−26.3%0.3%−13.5%7.0%22.5%–
Return on equity––––––––−12.0%
Return on capital employed––––––––−11.6%
Interest cover2.1––––––––
Debt to equity––––––––0.01
Receivable days––––––––34
Inventory days––––––––84
Payable days––––––––34
Cash conversion cycle, days––––––––84
Working capital days––––––––84
Asset turnover––––––––0.45
Assets per rupee of net worth––––––––1.06
Sales per rupee of plant––––––––0.56
Plant being built, % of plant in use––––––––4.6%
Interest cover is left blank for the years to Mar 2012, Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018 and Mar 2019: operating profit after depreciation is a loss, and a loss covers no interest bill. Revenue growth is left blank for the year to Mar 2019: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

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 2019.

Return on assets, latest year
−11.4%
Measure10 years5 years3 years
Operating margin, average–−49.4%−37.5%
Net margin, average−72.2%−81.3%−55.3%

Accounting checks

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

CheckMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Altman Z-scorePublished threshold 1.1––––––––19.37
Effective tax ratePublished threshold 17.16 per cent9.64––––––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2019 the company reports one business segment, Manufacturing and Selling Polyester Filament Yarn, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2019, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−89.4%––0.0%
3 years−57.0%––0.0%
5 years−50.7%––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.

Polygenta Technologies share price by year

Each calendar year to 2020.

YearClose at year endChangeHighest closeLowest close
20201.36+24.8%1.361.14
20191.09−63.9%2.960.80
20183.02−76.8%13.003.02
201713.00−20.0%16.2513.00
201616.25−7.7%16.7515.50
201517.60−18.3%20.5016.85
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 16 Feb 2017. 2016 is from its first session, 28 Mar 2016. 2015 is from its first session, 2 Mar 2015. The close is the year's last trade for 2020 (17 Mar 2020), 2017 (24 Oct 2017) and 2015 (22 Jul 2015).

Recent sessions

The 10 trading days to 17 Mar 2020, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
17 Mar 20201.361.361.361.361.368,312
13 Mar 20201.301.301.301.301.30310
6 Mar 20201.241.241.241.241.2415,637
5 Feb 20201.191.191.191.191.1910
15 Jan 20201.141.141.141.141.144,090
30 Dec 20191.091.091.091.091.095
30 Sep 20191.041.041.041.041.0410
27 Sep 20191.091.091.091.091.0911
26 Sep 20191.141.141.141.141.1410
25 Sep 20191.201.201.201.201.2010
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
29 Jan 2010Price 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
514486
ISIN
INE441D01020
CIN
L17120MH1981PLC025388
Corporate identity number, the registrar of companies' code for it
Incorporated
1981
Registered office
Unit No.1B, Kaledonia (HDIL) Building, 5th floor, Off Western Express Highway, Sahar Road, Andheri (East), Mumbai 400069, Maharashtra
Share registrar
Universal Capital Securities Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments