Voith Paper Fabrics India Ltd

Voith Paper Fabrics India is primarily involved in the business of manufacturing and selling of paper machine clothing for pulp, paper and board industry.

Pros:
Company is virtually debt free.
Cons:
Company has a low return on equity of 10.55% for last 3 years.
Dividend payout has been low at 13.75% of profits over last 3 years

Peer Comparison Sector: Textiles // Industry: Textiles - Products

Loading peers table ...

Quarterly Results Figures in Rs. Crores

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
20.48 19.90 22.34 22.43 24.43 23.46 23.78 25.52 27.16 27.43 31.92 25.42
14.68 13.52 14.94 16.92 18.04 16.86 17.44 18.54 20.15 20.19 23.86 18.12
Operating Profit 5.80 6.38 7.40 5.51 6.39 6.60 6.34 6.98 7.01 7.24 8.06 7.30
OPM % 28.32% 32.06% 33.12% 24.57% 26.16% 28.13% 26.66% 27.35% 25.81% 26.39% 25.25% 28.72%
Other Income 1.97 1.99 1.98 2.12 2.22 2.13 2.18 2.20 2.21 2.05 2.29 2.45
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 1.49 1.50 1.49 1.47 1.48 1.47 1.42 1.43 1.43 1.38 1.32 1.46
Profit before tax 6.28 6.87 7.89 6.16 7.13 7.26 7.10 7.75 7.79 7.91 9.03 8.29
Tax % 35.35% 35.52% 34.09% 33.60% 34.50% 32.51% 37.04% 29.29% 27.98% 26.68% 31.12% 29.19%
Net Profit 4.07 4.43 5.20 4.07 4.67 4.90 4.47 5.48 5.60 5.80 6.21 5.88
EPS in Rs 9.26 10.10 11.83 9.28 10.63 11.16 10.17 12.48 12.75 13.19 14.15 13.38
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Sep 2007 Sep 2008 Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
45.18 41.33 47.19 51.33 54.43 57.74 59.19 102.32 75.52 81.52 94.11 112.03 111.93
30.90 32.26 37.49 40.01 42.33 45.01 45.59 77.26 54.81 56.26 69.27 82.74 82.32
Operating Profit 14.28 9.07 9.70 11.32 12.10 12.73 13.60 25.06 20.71 25.26 24.84 29.29 29.61
OPM % 31.61% 21.95% 20.56% 22.05% 22.23% 22.05% 22.98% 24.49% 27.42% 30.99% 26.39% 26.14% 26.45%
Other Income 2.90 4.51 4.48 4.32 7.37 8.57 8.40 14.07 7.99 7.86 8.64 8.75 9.00
Interest 0.08 0.07 0.09 0.09 0.23 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 2.97 2.89 3.04 2.74 2.65 2.68 2.67 6.27 5.14 5.96 5.85 5.56 5.59
Profit before tax 14.13 10.62 11.05 12.81 16.59 18.60 19.33 32.86 23.56 27.16 27.63 32.48 33.02
Tax % 28.95% 36.06% 35.66% 33.10% 30.50% 30.00% 33.52% 34.94% 34.34% 34.90% 34.46% 28.88%
Net Profit 10.04 6.79 7.11 8.57 11.53 13.02 12.86 21.38 15.47 17.68 18.12 23.09 23.49
EPS in Rs 22.37 14.97 15.51 19.02 26.26 29.15 28.77 31.84 34.39 40.25 41.24 52.58 53.47
Dividend Payout % 13.12% 19.40% 24.70% 15.37% 11.42% 10.12% 10.24% 9.24% 11.35% 9.93% 21.80% 9.51%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.49%
5 Years:13.61%
3 Years:14.05%
TTM:15.17%
Compounded Profit Growth
10 Years:13.02%
5 Years:12.35%
3 Years:14.45%
TTM:20.34%
Return on Equity
10 Years:10.90%
5 Years:11.24%
3 Years:10.55%
Last Year:11.36%

Balance Sheet Figures in Rs. Crores

Sep 2007 Sep 2008 Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
4.39 4.39 4.39 4.39 4.39 4.39 4.39 4.39 4.39 4.39 4.39 4.39
Reserves 73.94 79.19 84.24 91.28 101.28 112.77 124.09 143.09 155.96 173.47 189.68 208.02
Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9.02 9.30 10.71 13.60 14.94 16.16 19.45 20.50 20.36 18.34 21.87 25.81
Total Liabilities 87.35 92.88 99.34 109.27 120.61 133.32 147.93 167.98 180.71 196.20 215.94 238.22
26.59 26.94 27.13 24.74 23.47 20.97 18.77 35.45 46.04 41.60 37.14 50.36
CWIP 0.03 2.83 0.00 0.00 0.00 10.44 16.80 7.57 1.39 1.20 9.92 23.10
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
60.73 63.11 72.21 84.53 97.14 101.91 112.36 124.96 133.28 153.40 168.88 164.76
Total Assets 87.35 92.88 99.34 109.27 120.61 133.32 147.93 167.98 180.71 196.20 215.94 238.22

Cash Flows Figures in Rs. Crores

Sep 2007 Sep 2008 Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
12.87 3.65 2.62 9.95 14.31 9.10 6.41 15.92 11.29 14.72 22.82 16.74
-11.39 -1.51 -1.33 -8.94 -12.39 -6.70 44.91 -46.84 -24.82 -11.35 -19.21 -5.13
-1.49 -1.55 -1.55 -2.05 -1.77 -1.56 -1.53 -1.55 -2.37 -2.11 -2.10 -4.72
Net Cash Flow -0.01 0.59 -0.26 -1.04 0.15 0.84 49.79 -32.47 -15.90 1.25 1.51 6.89

Ratios Figures in Rs. Crores

Sep 2007 Sep 2008 Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 19.20% 13.20% 13.19% 14.02% 16.71% 16.41% 15.78% 23.74% 15.24% 16.07% 14.86% 15.98%
Debtor Days 56.79 71.71 77.42 73.24 73.97 78.39 100.95 59.68 92.07 90.85 68.73 55.58
Inventory Turnover 4.17 4.14 4.25 4.63 5.51 6.01 6.78 11.08 7.85 8.48 10.23 10.47