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.

  • Market Cap: 429.65 Cr.
  • Current Price: 978.70
  • 52 weeks High / Low 1223.00 / 640.25
  • Book Value: 503.89
  • Stock P/E: 16.31
  • Dividend Yield: 0.51 %
  • ROCE: 15.98 %
  • ROE: 11.36 %
  • Sales Growth (3Yrs): 14.05 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Debtor days have improved from 71.72 to 55.58 days.
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

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Quarterly Results Figures in Rs. Crores

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
22 22 24 23 24 26 27 27 32 25 31 35
15 17 18 17 17 19 20 20 24 18 23 25
Operating Profit 7 6 6 7 6 7 7 7 8 7 8 10
OPM % 33% 25% 26% 28% 27% 27% 26% 26% 25% 29% 25% 28%
Other Income 2 2 2 2 2 2 2 2 2 2 1 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 2 2
Profit before tax 8 6 7 7 7 8 8 8 9 8 8 10
Tax % 34% 34% 34% 33% 37% 29% 28% 27% 31% 29% 23% 26%
Net Profit 5 4 5 5 4 5 6 6 6 6 6 8
EPS in Rs 11.83 9.28 10.63 11.16 10.17 12.48 12.75 13.19 14.15 13.38 13.21 17.32
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 41 47 51 54 58 59 102 76 82 94 112 123
31 32 37 40 42 45 46 77 55 56 69 83 90
Operating Profit 14 9 10 11 12 13 14 25 21 25 25 29 33
OPM % 32% 22% 21% 22% 22% 22% 23% 24% 27% 31% 26% 26% 27%
Other Income 3 5 4 4 7 9 8 14 8 8 9 9 8
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 3 3 3 3 3 6 5 6 6 6 6
Profit before tax 14 11 11 13 17 19 19 33 24 27 28 32 35
Tax % 29% 36% 36% 33% 30% 30% 34% 35% 34% 35% 34% 29%
Net Profit 10 7 7 9 12 13 13 21 15 18 18 23 26
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 58.06
Dividend Payout % 13% 19% 25% 15% 11% 10% 10% 9% 11% 10% 22% 10%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.49%
5 Years:13.61%
3 Years:14.05%
TTM:18.37%
Compounded Profit Growth
10 Years:13.02%
5 Years:12.35%
3 Years:14.45%
TTM:23.42%
Stock Price CAGR
10 Years:17.73%
5 Years:11.71%
3 Years:16.37%
1 Year:16.60%
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 Sep 2019
4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 74 79 84 91 101 113 124 143 156 173 190 208 217
Borrowings 0 0 0 0 0 0 0 0 0 0 0 0 0
8 9 10 13 14 15 18 19 18 16 20 24 25
Total Liabilities 87 92 99 108 119 132 146 166 179 194 214 236 246
27 27 27 25 23 21 19 35 46 42 37 50 54
CWIP 0 3 0 0 0 10 17 8 1 1 10 23 26
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
60 63 72 84 96 100 111 123 131 151 167 163 165
Total Assets 87 92 99 108 119 132 146 166 179 194 214 236 246

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
13 4 3 10 14 9 6 16 11 15 23 17
-11 -2 -1 -9 -12 -7 45 -47 -25 -11 -19 -5
-1 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 -5
Net Cash Flow -0 1 -0 -1 0 1 50 -32 -16 1 2 7

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% 13% 13% 14% 17% 16% 16% 24% 15% 16% 15% 16%
Debtor Days 57 72 77 73 74 78 101 60 92 91 69 56
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