The Indian Wood Products Company Ltd

The Indian Wood Products Company Ltd

₹ 30.0 -0.96%
17 May 10:25 a.m.
About

Incorporated in 1919, The Indian Wood
Products Co Ltd is in the business of manufacturing of Katha, processed
Gambier and trading of spices[1]

Key Points

Business Overview:[1]
Company sells its products under the brand name IWP and operates in 2 segments viz.
a) Manufacturing of katha
b) Retailing of packed spices

  • Market Cap 192 Cr.
  • Current Price 30.0
  • High / Low 40.5 / 20.6
  • Stock P/E 95.9
  • Book Value 55.5
  • Dividend Yield 0.18 %
  • ROCE 2.00 %
  • ROE 0.40 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.55 times its book value
  • Company has been maintaining a healthy dividend payout of 62.1%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.32% over past five years.
  • Company has a low return on equity of 0.07% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Tobacco Products Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
43.59 45.54 42.19 36.88 48.78 49.76 49.85 43.57 44.51 44.15 50.24 48.42 44.50
40.22 40.65 40.11 36.95 47.00 44.57 46.86 41.03 41.21 42.71 46.57 45.35 41.17
Operating Profit 3.37 4.89 2.08 -0.07 1.78 5.19 2.99 2.54 3.30 1.44 3.67 3.07 3.33
OPM % 7.73% 10.74% 4.93% -0.19% 3.65% 10.43% 6.00% 5.83% 7.41% 3.26% 7.30% 6.34% 7.48%
0.11 0.14 0.08 0.08 0.07 0.07 0.09 0.23 0.07 1.23 0.18 0.22 0.18
Interest 1.57 2.04 1.76 1.15 1.61 2.09 1.73 1.72 1.93 1.41 2.05 2.12 2.03
Depreciation 0.97 1.07 1.00 0.91 0.96 0.98 0.88 0.88 0.87 0.67 0.77 0.77 0.77
Profit before tax 0.94 1.92 -0.60 -2.05 -0.72 2.19 0.47 0.17 0.57 0.59 1.03 0.40 0.71
Tax % -35.11% 23.44% 3.33% 0.49% 1.39% -5.02% 17.02% 0.00% 17.54% 40.68% 23.30% 20.00% 23.94%
1.27 1.46 -0.58 -2.05 -0.71 2.30 0.39 0.16 0.46 0.37 0.78 0.32 0.53
EPS in Rs 0.20 0.23 -0.09 -0.32 -0.11 0.36 0.06 0.03 0.07 0.06 0.12 0.05 0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
75 76 93 101 119 180 216 200 195 157 178 182 187
71 72 87 94 111 157 184 168 174 147 169 172 176
Operating Profit 4 4 6 7 8 23 32 33 21 11 9 10 12
OPM % 5% 6% 7% 7% 7% 13% 15% 16% 11% 7% 5% 6% 6%
0 0 0 0 0 0 3 1 0 0 0 1 2
Interest 1 2 2 2 2 3 6 5 7 7 7 7 8
Depreciation 1 1 1 2 1 2 3 3 4 4 4 3 3
Profit before tax 2 2 4 4 5 18 27 26 10 1 -1 2 3
Tax % 31% 38% 39% 33% 24% 37% 35% 30% 28% 35% 12% 24%
1 1 2 3 4 11 17 18 8 0 -1 1 2
EPS in Rs 1.26 1.30 1.88 1.95 2.32 1.79 2.71 2.79 1.19 0.05 -0.16 0.22 0.31
Dividend Payout % 8% 8% 5% 7% 5% 3% 5% 7% 0% 194% -31% 23%
Compounded Sales Growth
10 Years: 9%
5 Years: -3%
3 Years: -2%
TTM: 0%
Compounded Profit Growth
10 Years: 0%
5 Years: -38%
3 Years: -43%
TTM: -40%
Stock Price CAGR
10 Years: %
5 Years: -15%
3 Years: -4%
1 Year: 38%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 1 2 6 6 13 13 13 13 13 13
Reserves 11 12 15 18 22 309 326 337 342 342 340 341 342
11 11 14 17 18 46 41 57 72 70 77 79 84
14 16 22 21 18 120 119 95 101 105 108 98 101
Total Liabilities 37 39 52 57 60 482 492 501 528 529 538 532 540
6 7 9 10 13 374 379 382 386 390 387 385 384
CWIP 0 0 0 0 0 1 2 2 10 0 0 0 0
Investments 0 0 0 0 0 3 8 9 9 9 9 9 9
30 32 42 47 46 104 104 108 122 129 141 137 147
Total Assets 37 39 52 57 60 482 492 501 528 529 538 532 540

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 4 -14 28 -5 -5 16 2 11
-3 -4 -12 -13 -8 -6 -2 -3 -2
2 -0 25 -11 10 6 -13 -0 -5
Net Cash Flow -1 -0 -1 5 -2 -5 1 -1 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 58 51 52 49 54 82 62 68 95 99 104 88
Inventory Days 118 135 141 154 98 163 146 157 159 234 197 200
Days Payable 72 94 113 105 70 118 94 27 43 70 62 48
Cash Conversion Cycle 104 92 80 98 81 127 114 198 212 263 239 241
Working Capital Days 86 73 67 80 79 108 82 141 174 220 216 212
ROCE % 16% 20% 18% 18% 11% 8% 8% 4% 2% 1% 2%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12%
0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.31% 0.31% 0.31% 0.31%
28.56% 28.56% 28.56% 28.56% 28.56% 28.56% 28.57% 28.55% 28.56% 28.57% 28.55% 28.56%
No. of Shareholders 3,8744,1244,4994,8305,0655,3085,3355,4185,5416,3916,95011,441

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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