What is Polymatech Electronics Unlisted Share Price?

Overview of Polymatech Electronics Unlisted Share Price:

Founded in December 1947 as Fuji Rubber Comp in Tokyo, Polymatech Electronics Pvt underwent various name and management changes before being acquired by the Nandam Family in August 2018. As India's pioneering semiconductor manufacturer, Polymatech specializes in producing high-precision wafers using environmentally sustainable processes. The company designs, manufactures, assembles, and packs semiconductor chips, modules, nanoelectronic components, and opto-semiconductor chips, predominantly serving the lighting, medical, and food industries. 

Polymatech's opto-semiconductors boast an impressive 97% Color Rendering Index (CRI), surpassing the industry norm of 80-90%. With a fully operational plant in Oragadam, Sriperumbudur, and another in Krishnagiri near Bengaluru, spanning 150,000 square feet each, the company aims to surpass 1 billion chips in the fiscal year 2024 and plans to increase its manufacturing capacity across all plants to 20 billion chips annually by 2025.

Products and Services by Polymatech Electronics:

Polymatech Electronics Pvt offers a comprehensive range of products and services in the semiconductor and electronics sector. The company's portfolio includes semiconductor chips, sapphire wafers, sensors, touch panels, transducers, and micro and nanoelectronic components. Leveraging its expertise, Polymatech is actively involved in display fabrication, providing high-quality display assemblies. With a commitment to innovation and precision, the company contributes to various industries by delivering cutting-edge solutions in electronics. Whether it's the production of semiconductor chips for diverse applications, the manufacturing of sapphire wafers, or the development of advanced sensors and display technologies, Polymatech Electronics remains at the forefront of providing top-notch products and services tailored to meet the evolving needs of the market.

Financial Background of  Polymatech Electronics Unlisted Share:

In the fiscal year 2022-23, Polymatech Electronics witnessed significant financial developments. Current assets experienced a substantial surge from Rs 46.81 Cr in FY 2021-22 to Rs 233.20 Cr, driven by a considerable increase in cash and cash balances, short-term loans and advances, and other current assets like TDS and accrued interest. The net worth of the company saw a remarkable uptick of 325.05%, attributed to heightened reserve balances in the form of share premiums and profits transferred during the year. Revenue from operations displayed an impressive growth of 415.61%, escalating from Rs 125.87 Cr in FY 2021-22 to Rs 649.02 Cr in FY 2022-23. The company generated revenue from the sale of semiconductor chips and LED luminaries, contributing 74.11% and 25.88% to the total revenue, respectively. Profit after tax (PAT) soared from Rs 34.80 Cr to Rs 166.78 Cr, marking a growth of 379.23%, primarily driven by increased income. Other income, including rental and interest on bank FDs, amounted to Rs 0.64 Cr in FY 2022-23. Cash flow from operating activities surged by an impressive 9060.33%, reflecting increased profitability, trade payables, and other current liabilities. Meanwhile, cash flow from investing declined due to fixed asset purchases, while preferential allotment of shares bolstered cash flow from financing by 718.46%.

Polymatech Electronics Unlisted Shares and Corporate Actions: 

In FY 2022-23, Polymatech Electronics filed for the conversion from Private Limited to a Public company, pending Central Government approval. They also carried out a preferential allotment of 6,754,075 equity shares at Rs 300 per share, raising funds for expansion.

In FY 2023-24, the company filed for an IPO to raise to Rs 750 Cr, with plans to utilize Rs 565.73 Cr for acquiring new machinery at its Tamil Nadu facility. Khambatta Securities is the appointed book-running lead manager for the IPO, marking strategic moves for financial enhancement and expansion.

Polymatech Electronics Unlisted Share Price:

The current Polymatech Electronics Unlisted share price as of 24 January was at Rs ₹ 919 per share. 

Polymatech ElectronicsUnlisted Share Price in Depth 

Face Value of Polymatech Electronics Unlisted Share: ₹ 10

Price per share as of 24 January: ₹ 919

You can check the Polymatech Electronics Unlisted Share Current Price at  Precize.in  

Price history of Polymatech Electronics Unlisted Shares:

Polymatech Electronics Unlisted Shares and it’s Shareholding Pattern:

The shareholding structure of Polymatech Electronics reveals that promoters hold a substantial 88.29% of the company's shares. Among the promoters, Eswara Rao Nandam holds a significant 46.08%, while Uman Nandam holds 42.20%. Non-promoters account for the remaining 11.71% of the shareholding. This distribution highlights a dominant presence of promoters in the ownership structure, with a clear majority stake in the company.

Financials Polymatech Electronics Unlisted Shares. 

Balance Sheet of Polymatech Electronics:

Income Statement of Polymatech Electronics:

Growth Opportunities and Challenges for Polymatech Electronics Unlisted Shares.

Growth Opportunities for Polymatech Electronics Unlisted Shares:

The company relies on imported raw materials but can boost profits by exploring self-sufficiency. Operating in an oligopoly with concentrated suppliers offers revenue opportunities, but high entry barriers pose challenges for newcomers. Strategic planning is crucial to navigate these market conditions effectively.

Challenges for Polymatech Electronics Unlisted Shares:

The smooth functioning of Polymatech Electronics is vulnerable to significant challenges in the form of disruptions within its supply chain.