POLYMATECH ELECTRONICS LIMITED
Polymatech Electronics Limited – Company Overview
Polymatech Electronics, founded in 2007, holds the distinction of being India’s pioneer semiconductor chips manufacturer. With a strong emphasis on Japanese technologies, Polymatech supports a thriving ecosystem of customers by offering industry-leading processes. Their product line is geared towards applications where microelectronics plays a crucial role in enhancing people’s lives.
At Polymatech, customer satisfaction is paramount. The company is dedicated to not only meeting but surpassing the expectations of its customers. By staying ahead of the competition and anticipating market changes, Polymatech assists its customers in preparing for future transformations.
Polymatech Unlisted Share Details as of March 31, 2022
| Polymatech Outstanding Shares: | 6,34,57,000 |
| Face Value of Polymatech Unlisted Share: | Rs. 10 Per Equity Share |
| ISIN of Polymatech Unlisted Share: | INE0OLN01011 |
| Lot Size of Polymatech Unlisted Share: | 100 Shares |
| Polymatech Share Price: | Best in Industry |
| PAN Number of Polymatech: | AAECP2981Q |
Polymatech Incorporation Details
| Polymatech CIN Number: | U32107TN2007FTC063706 | ||
| Polymatech Registration Date: | 29 May 2007 | ||
| Category / Sub-Category of Polymatech: | Company limited by Shares/ Subsidiary of Foreign Company | ||
| Polymatech Registered Office Address: | Plot OZ-13 , SIPCOT Hi-Tech SEZ , Oragadam Kancheepuram , TAMILNADU , INDIA – 602105 | ||
Polymatech Electronics Boards of Directors
Eswara Rao Nandam, Director
Uma Nandam, Director
Hidenobu Hitotsumatsu, Director
Rapala Virtanen Tarja Hannele, Director
Polymatech Particulars of Holding, Subsidiaries, & Associate Companies
As on March 31, 2022, the Company does not have any subsidiary, Joint Venture or Associate Companies.
Polymatech Shareholding Pattern (As of 31-03-2022)
| S. No. | Shareholder’s Name | No. of Shares | % of total Shares of the company |
| 1 | Promoters | 6,34,57,000 | 100% |
| 2 | Public Shareholding | – | – |
| Total | 6,34,57,000 | 100% |
BALANCE SHEET
Polymatech Electronics Limited Balance Sheet (Amt In Rs.)
| PARTICULARS | 31 March 2023 | 31 March 2022 |
| ASSETS | ||
| Non-current assets | – | – |
| Property, plant and equipment | 1,54,62,02,228.00 | 90,30,30,211.00 |
| Long Term Loan and Advances | – | 50,49,576.00 |
| Current assets | – | – |
| Inventories | 36,20,48,977.00 | 19,73,08,840.00 |
| Trade receivables | 1,33,25,68,229.00 | 25,82,44,019.00 |
| Cash and bank balances | 41,34,10,357.00 | 3,00,138.00 |
| short Term Loan and Advances | 22,23,03,186.00 | 1,22,84,260.00 |
| Other current assets | 16,58,666.00 | – |
| TOTAL ASSETS | 3,87,81,91,644.00 | 1,37,62,17,043.00 |
| EQUITY AND LIABILITIES | ||
| Equity share capital | 71,87,62,000.00 | 63,45,70,000.00 |
| Reserves and Surplus | 2,51,24,10,085.00 | 12,87,88,073.00 |
| Share Application Money | 1,35,00,000.00 | |
| Non-current liabilities | – | – |
| Long-Term Borrowings | 37,27,11,347.00 | 41,78,19,489.00 |
| Current liabilities | – | – |
| Short Term Borrowings | 6,20,11,609.00 | 3,74,01,040.00 |
| Trade payables to Other Than MSME | 19,72,96,603.00 | 15,46,14,391.00 |
| Short Term Provisions | 15,00,000.00 | 30,24,050.00 |
| TOTAL EQUITY AND LIABILITIES | 3,87,81,91,644.00 | 1,37,62,17,043.00 |
Polymatech Electronics Limited Profit & Loss Statement (Amt In Rs.)
| PARTICULARS | 31 March 2023 | 31 March 2022 |
| Revenue from operations | 6,49,02,00,000.00 | 1,25,87,31,333.00 |
| Other income | 64,49,246 | 55,00,928.00 |
| Total income | 6,49,66,49,246.00 | 1,26,42,32,261.00 |
| Purchases | 4,61,16,53,804.00 | 1,00,69,85,066.00 |
| Manufacturing Expenses | 7,21,11,600.00 | 1,43,67,195.00 |
| Changes in inventories of finished goods and work in progress | -16,47,40,137 | -18,43,96,786.00 |
| Employee benefits expense | 1,26,63,322.00 | 78,23,260.00 |
| Other expenses | 10,43,55,315 | 1,52,32,980 |
| Finance costs | 3,23,57,809 | 2,46,36,694 |
| Depreciation | 16,04,80,521.00 | 3,15,72,525.00 |
| Total expenses | 4,82,88,82,234.00 | 91,62,20,934.00 |
| Profit/(Loss) for the year | 1,66,77,67,012.00 | 34,80,11,327.00 |
| Basic and diluted earnings per equity share (in INR) | 23.20 | 5.48 |
Polymatech Electronics Limited Consolidated Cash Flow Statement (Amt In Rs.)
| Particulars | 31 March 2023 | 31 March 2022 |
| Cash flows from operating activities | – | – |
| Profit / (Loss) before tax for the year | 1,66,77,67,012.00 | 34,80,11,327.00 |
| Adjustments for: | ||
| Depreciation and amortisation | 16,04,80,521.00 | 3,15,72,525.00 |
| Operating profit before working capital changes | 1,82,82,47,533.00 | 37,95,83,852.00 |
| (Increase)/decrease in trade receivables | -1,07,43,24,210.00 | -18,43,73,732.00 |
| (Increase)/decrease in Other Current Assets | -21,16,77,592.00 | -21,79,143.00 |
| Increase/(decrease) in Other Current Liabilities | 2,46,10,569.00 | 3,74,01,040.00 |
| (Increase)/decrease in Short term provisions | -15,24,050.00 | 18,01,659.00 |
| (Increase)/decrease in trade payables | 4,26,82,212.00 | -4,29,97,823.00 |
| (Increase)/decrease in Inventories | -16,47,40,137.00 | -18,43,96,786.00 |
| Cash Flow from Operating Activities | 44,32,74,325.00 | 48,39,067.00 |
| Cash flows from investing activities | – | – |
| Purchase of Fixed Assets | -80,36,52,539.00 | -9,91,05,032.00 |
| Net cash from/ (used in) investment activities | -80,36,52,539.00 | -9,91,05,032.00 |
| Cash flows from financing activities | – | – |
| Paid Up Capital | 8,41,92,000.00 | – |
| Share Premium | 71,58,55,000.00 | – |
| Share Application | 1,35,00,000.00 | – |
| Long Term Loans & Advances | 50,49,576.00 | -50,49,576.00 |
| Increase/(decrease) Borrowings (Net) | -4,51,08,142.00 | 9,95,55,379.00 |
| Net cash used in financing activities | 77,34,88,434.00 | 9,45,05,803.00 |
| Net increase/(decrease) in cash and cash equivalents | 41,31,10,219.00 | 2,39,838.00 |
| Cash and cash equivalents at the beginning of the year | 3,00,138.00 | 60,300.00 |
| Cash and cash equivalents at the end of the year | 41,34,10,357.00 | 3,00,138.00 |
Let ‘s break down the Cash Flow Statement for the years 2023 and 2022, activity-wise:
Cash Flow from Operating Activities:
– 2023: The company generated ₹44,32,74,325 from its operating activities. This significant inflow indicates a substantial positive cash flow from its core business operations.
– 2022: In contrast, in 2022, the company only generated ₹48,39,067 from its operating activities, indicating a much lower cash flow compared to 2023.
Cash Flow from Investing Activities:
– 2023: No specific cash flow information is provided for investing activities.
– 2022: The company invested a substantial amount in purchasing fixed assets, amounting to ₹80,36,52,539, resulting in a significant outflow of cash from investing activities.
Cash Flow from Financing Activities:
– 2023: The company engaged in various financing activities, including raising paid-up capital, share premium, and share application, totaling ₹81,35,47,000. Additionally, there was an increase in borrowings netting to ₹4,51,08,142, resulting in a significant inflow of cash from financing activities.
– 2022: Similar to 2023, the company engaged in financing activities, primarily raising paid-up capital and share premium, which resulted in an inflow of cash. There was also a decrease in borrowings, resulting in a net outflow of cash from financing activities.
Net Increase/(Decrease) in Cash and Cash Equivalents:
– 2023: The company experienced a substantial increase in cash and cash equivalents, amounting to ₹41,31,10,219. This indicates a significant improvement in the company ‘s liquidity position during the year.
– 2022: In contrast, in 2022, there was only a slight increase in cash and cash equivalents, amounting to ₹2,39,838, indicating relatively stable liquidity compared to 2023.
Cash and Cash Equivalents:
– 2023: The company ended the year with a substantial amount of cash and cash equivalents, totaling ₹41,34,10,357, reflecting a robust liquidity position.
– 2022: In 2022, the company had a relatively lower balance of cash and cash equivalents at the end of the year, amounting to ₹3,00,138.
Financial Ratios of Polymatech Electronics Limited:
| Particulars | 2023 |
| EBITDA | 365.03 % |
| Networth | 323.28 % |
| Debt/Equity Ratio | 0.13 |
| Return on Equity | 0.5161 |
| Total Assets | 181.80 % |
| Fixed Assets | 71.22 % |
| Current Assets | 398.14 % |
| Current Liabilities | 33.72 % |
| Trade Receivables | 416.01 % |
| Trade Payables | 27.61 % |
| Current Ratio | 8.94 |
Insights into the financial health and performance of the company in 2023:
1. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): EBITDA is at an impressive 365.03%, indicating that the company ‘s operational earnings are strong relative to its revenue.
2. Net Worth: The net worth of the company stands at 323.28%, reflecting a robust financial position with assets exceeding liabilities by a significant margin.
3. Debt/Equity Ratio: The company ‘s debt/equity ratio is 0.13, indicating a conservative capital structure with low reliance on debt financing relative to equity.
4. Return on Equity (ROE): The return on equity is 51.61%, indicating that the company is generating a high return for its shareholders relative to their equity investments.
5. Total Assets: Total assets are at 181.80% of the company ‘s equity, indicating that the company has substantial assets relative to its equity base.
6. Fixed Assets: Fixed assets represent 71.22% of the company ‘s total assets, indicating a significant portion of the assets is tied up in long-term investments such as property, plant, and equipment.
7. Current Assets: Current assets are at a high level of 398.14% of the company ‘s equity, indicating strong liquidity and the ability to meet short-term obligations.
8. Current Liabilities: Current liabilities represent only 33.72% of the company ‘s equity, indicating a comfortable liquidity position and low short-term debt obligations.
9. Trade Receivables: Trade receivables are at 416.01% of the company ‘s equity, which could indicate that the company has a significant amount of revenue tied up in outstanding invoices.
10. Trade Payables: Trade payables are at 27.61% of the company ‘s equity, indicating a favorable payment term with suppliers.
11. Current Ratio: The current ratio is 8.94, indicating a high level of liquidity and the ability to cover short-term liabilities with current assets nearly nine times over.
Dividend History of Polymatech Electronics Limited:
| Particulars | 2023 |
| Dividend (final + interim) (In Rs.) | – |
