PROMACT
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Forensics
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Promact Impex MD Nikita J. Patel Resigns
July 17 (Reuters) - Promact Impex Ltd PROM.BO:
MD NIKITA J. PATEL RESIGNS
Source text for Eikon: ID:nBSE6KKSVR
Further company coverage: PROM.BO
July 17 (Reuters) - Promact Impex Ltd PROM.BO:
MD NIKITA J. PATEL RESIGNS
Source text for Eikon: ID:nBSE6KKSVR
Further company coverage: PROM.BO
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What does Promact Plastics do?
Promact Plastics Ltd specializes in manufacturing synthetic woven sacks of HDPE, offering a range of HDPE and PP woven sacks bags, fabric bags, and tarpaulins.
Who are the competitors of Promact Plastics?
Promact Plastics major competitors are Stanpacks India, Jalpac India, Polymac Thermoformer, Deccan Polypacks, Vinayak Polycon, Pithampur Poly, Sanco Industries. Market Cap of Promact Plastics is ₹6 Crs. While the median market cap of its peers are ₹6 Crs.
Is Promact Plastics financially stable compared to its competitors?
Promact Plastics seems to be less financially stable compared to its competitors. Altman Z score of Promact Plastics is -1.5 and is ranked 6 out of its 8 competitors.
Does Promact Plastics pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Promact Plastics latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Promact Plastics allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances
How strong is Promact Plastics balance sheet?
Promact Plastics balance sheet is weak and might have solvency issues
Is the profitablity of Promact Plastics improving?
No, profit is decreasing. The profit of Promact Plastics is -₹0.72 Crs for TTM, ₹0.13 Crs for Mar 2025 and ₹0.9 Crs for Mar 2024.
Is the debt of Promact Plastics increasing or decreasing?
The net debt of Promact Plastics is decreasing. Latest net debt of Promact Plastics is ₹0.54 Crs as of Mar-26. This is less than Mar-25 when it was ₹4.11 Crs.
Is Promact Plastics stock expensive?
Promact Plastics is not expensive. Latest PE of Promact Plastics is 0, while 3 year average PE is 16.54. Also latest EV/EBITDA of Promact Plastics is 0.0 while 3yr average is 32.37.
Has the share price of Promact Plastics grown faster than its competition?
Promact Plastics has given lower returns compared to its competitors. Promact Plastics has grown at ~10.12% over the last 10yrs while peers have grown at a median rate of 11.0%
Is the promoter bullish about Promact Plastics?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Promact Plastics is 39.43% and last quarter promoter holding is 39.43%.
Are mutual funds buying/selling Promact Plastics?
There is Insufficient data to gauge this.