Share the post "Avi Polymers Ltd. Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Avi Polymers Ltd. has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 0.10 | 0.10 | 25.17 | 25.17 | 0 |
| Public | 0.31 | 0.31 | 74.83 | 74.83 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 |
| Government | 0 | 0 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 25.17% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. Public shareholding remained consistent, holding steady at 74.83% in both December 2023 and March 2024. This indicates that the Public control over the company did not change during this period.
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.288 | 0.283 | 70.4 | 69.21 | -1.19 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.010 | 0.015 | 2.44 | 3.57 | + 1.13 % |
| Non Resident Indians (NRIs) | 0.004 | 0.004 | 0.87 | 0.94 | + 0.07 % |
Observations show a significant difference of -1.19 % in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs has significantly boosted stakeholding by an impressive 1.13 %.Leading the way to higher stakeholding, Non Resident Indians (NRIs) has significantly boosted stakeholding by an impressive 0.07 %.
Lincoln P Coelho, these shareholders are the Anchor investors of current and previous quarter.
-61
3-Year Profit
0
5-Year Profit
7
10-Year Profit
11.7
Current Price
4.79
Market Cap
The financial outlook for the company under BSE code 539288 reveals a significant five-year profit of 0 percents. This marks a notable increase to -61 percents over the last three years, indicating a strong upward trend in the company's financial health during this period. However, it's important to note that recent challenges have impacted the company's performance, leading to a trailing twelve-month loss of -67 percents. This sharp decline in profitability is particularly concerning, as the company has also reported no sales across any analyzed timeframe, suggesting a highly unconventional and perhaps risky operational approach. The company's stock prices mirror this financial volatility, with the stock trading at 0 percents over the past five years but experiencing a dramatic drop to -8 percents within the last year. Over a decade, the stock price was at 0 percents, reflecting long-term concerns regarding the company's stability and future outlook. Such performance poses questions about the sustainability of the business and whether it can rebound from these recent setbacks.
The company currently holds a market cap of ₹4.79 crore, with its stock trading at ₹11.7. Historically, the stock has fluctuated between ₹14.4 / 9.45, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at 240, indicating that the stock is perceived as highly valued by the market, possibly driven by expectations of future earnings growth. The book value per share is ₹11.9, which offers insight into the company's intrinsic worth, while its dividend yield of 0.00% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is 0.57%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is 0.41%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 0.17, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹-0.04 crore raises concerns about its liquidity position. The Piotroski score of 4.00 reflects the company’s overall financial health, while the Graham Number of ₹3.61 suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of 0.99 indicates that the stock is trading at a premium to its book value, which might imply market optimism about the company's future growth prospects.
