Kanpur Plastipack Ltd

About

Kanpur Plastipack is engaged in manufacturing of HDPE/PP Woven Sacks, PP Box Bags, Flexible Intermediate Bulk Containers (FIBCs), Fabrics and High Tenacity PP Multi Filament Yarn.(Source : 201903 Annual Report Page No: 75)

  • Market Cap 161 Cr.
  • Current Price 112
  • High / Low 126 / 35.0
  • Stock P/E 21.8
  • Book Value 89.8
  • Dividend Yield 0.53 %
  • ROCE 6.89 %
  • ROE 3.89 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 58.32 to 45.46 days.

Cons

  • The company has delivered a poor growth of 5.21% over past five years.
  • Company has a low return on equity of 10.85% for last 3 years.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
67.21 71.81 73.63 72.70 81.58 91.46 76.35 74.69 78.45 76.18 86.33 77.41
60.32 63.76 66.39 65.08 74.05 82.93 74.21 70.78 73.42 72.28 80.35 67.24
Operating Profit 6.89 8.05 7.24 7.62 7.53 8.53 2.14 3.91 5.03 3.90 5.98 10.17
OPM % 10.25% 11.21% 9.83% 10.48% 9.23% 9.33% 2.80% 5.23% 6.41% 5.12% 6.93% 13.14%
Other Income 0.93 2.05 2.88 0.45 2.75 2.44 6.38 3.33 1.81 2.52 -0.76 0.51
Interest 1.84 1.49 1.14 1.41 2.27 3.06 2.75 2.99 2.31 2.26 2.97 2.01
Depreciation 1.06 1.25 0.71 1.13 1.56 1.72 2.28 2.21 2.23 2.22 2.22 2.21
Profit before tax 4.92 7.36 8.27 5.53 6.45 6.19 3.49 2.04 2.30 1.94 0.03 6.46
Tax % 31.10% 32.20% 29.38% 29.84% 22.33% 25.20% 23.21% 30.39% 30.00% 26.80% -1,500.00% 40.40%
Net Profit 3.39 4.99 5.84 3.88 5.00 4.63 2.69 1.41 1.62 1.42 0.48 3.84
EPS in Rs 2.37 3.48 4.08 2.71 3.49 3.23 1.88 0.99 1.13 0.99 0.34 2.68
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
97 99 117 184 174 209 244 247 243 278 318 314 318
90 91 107 163 153 183 218 210 210 249 296 296 293
Operating Profit 7 8 10 21 21 26 26 37 33 28 22 18 25
OPM % 7% 8% 9% 11% 12% 12% 11% 15% 14% 10% 7% 6% 8%
Other Income 1 1 1 3 2 2 3 1 1 7 16 8 4
Interest 3 3 4 6 9 9 9 8 7 6 9 11 10
Depreciation 2 2 2 2 3 4 4 4 4 4 7 9 9
Profit before tax 3 4 5 15 12 16 17 26 23 24 22 6 11
Tax % 35% 36% 40% 33% 41% 31% 31% 36% 37% 35% 25% 22%
Net Profit 2 3 3 10 7 11 11 16 14 16 16 5 7
EPS in Rs 7.20 4.79 7.55 7.95 11.43 10.11 11.11 11.32 3.44 5.14
Dividend Payout % 17% 21% 18% 8% 12% 9% 8% 3% 15% 15% 16% 17%
Compounded Sales Growth
10 Years:12%
5 Years:5%
3 Years:9%
TTM:-2%
Compounded Profit Growth
10 Years:7%
5 Years:-15%
3 Years:-30%
TTM:-46%
Stock Price CAGR
10 Years:20%
5 Years:6%
3 Years:0%
1 Year:90%
Return on Equity
10 Years:17%
5 Years:14%
3 Years:11%
Last Year:4%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
5 5 7 10 10 10 10 10 12 13 14 14
Reserves 11 13 15 20 27 36 46 61 70 91 112 114
Borrowings 31 35 49 63 77 86 73 65 83 89 128 107
12 13 20 21 24 31 37 39 27 35 33 29
Total Liabilities 59 66 90 112 136 162 165 173 193 230 288 265
26 27 40 46 58 60 66 70 73 78 164 164
CWIP 0 0 1 0 0 0 0 0 3 35 2 0
Investments 0 0 0 1 1 1 0 0 6 4 6 0
33 38 49 65 77 101 98 103 110 112 116 100
Total Assets 59 66 90 112 136 162 165 173 193 230 288 265

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 3 2 7 9 7 35 24 7 29 26 41
-1 -3 -14 -9 -14 -5 -9 -6 -14 -38 -60 -1
0 1 13 2 6 -3 -25 -18 8 9 34 -40
Net Cash Flow 1 -0 1 1 -0 -0 0 -0 -0 0 0 -0

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 13% 14% 15% 26% 19% 20% 19% 25% 20% 17% 14% 7%
Debtor Days 52 47 54 58 73 81 65 66 78 76 53 45
Inventory Turnover 6.05 4.56 3.67 4.92 4.12 4.25 4.80 4.99 4.21 4.34 4.63 4.17

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
69.20 71.56 71.56 71.56 71.60 71.68 71.70 71.77 71.99 72.23 72.31 72.31
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.00 0.00
30.80 28.44 28.44 28.44 28.40 28.32 28.30 28.23 27.99 27.76 27.69 27.69

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