B & A Packaging India Ltd

B & A Packaging India Ltd

₹ 220 4.64%
28 Mar 4:01 p.m.
About

Incorporated in 1986, B&A Packaging India Ltd manufactures and sells Paper-sack and Flexi-pack[1]

Key Points

Business Overview:[1]
Company is a part of B&A Group[2] which is into tea broking, heritage tourism including a golf resort. Company deals in Paper sacks, Multiwall sacks and Flexible laminates manufacturing business

  • Market Cap 109 Cr.
  • Current Price 220
  • High / Low 275 / 170
  • Stock P/E 13.0
  • Book Value 138
  • Dividend Yield 0.68 %
  • ROCE 21.0 %
  • ROE 14.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding has decreased over last quarter: -2.02%

* 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: Packaging Industry: Packaging

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Quarterly Results

Figures in Rs. Crores

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
26.33 21.63 29.55 35.83 31.47 31.13 37.49 36.94 30.37 26.72 31.13 35.52 33.31
21.74 20.45 25.11 29.49 29.61 27.98 32.41 32.37 26.78 24.07 28.50 28.72 30.17
Operating Profit 4.59 1.18 4.44 6.34 1.86 3.15 5.08 4.57 3.59 2.65 2.63 6.80 3.14
OPM % 17.43% 5.46% 15.03% 17.69% 5.91% 10.12% 13.55% 12.37% 11.82% 9.92% 8.45% 19.14% 9.43%
0.10 1.65 0.04 0.29 0.14 0.49 0.39 0.53 0.01 0.26 0.37 0.21 0.20
Interest 0.31 0.24 0.35 0.44 0.30 0.22 0.45 0.33 0.40 0.24 0.44 0.20 0.13
Depreciation 0.32 0.32 0.33 0.38 0.36 0.37 0.34 0.41 0.40 0.90 0.46 0.45 0.46
Profit before tax 4.06 2.27 3.80 5.81 1.34 3.05 4.68 4.36 2.80 1.77 2.10 6.36 2.75
Tax % 31.53% 68.28% 29.21% 29.09% 70.15% 37.05% 29.06% 37.84% 28.93% 75.71% 29.05% 29.09% 29.09%
2.78 0.72 2.69 4.11 0.40 1.91 3.32 2.71 1.98 0.42 1.49 4.50 1.95
EPS in Rs 5.60 1.45 5.42 8.29 0.81 3.85 6.69 5.46 3.99 0.85 3.00 9.07 3.93
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
29 30 40 45 47 53 68 71 75 97 128 131 127
25 27 34 39 40 45 57 62 63 81 112 115 111
Operating Profit 4 3 5 6 7 8 10 10 12 17 16 16 15
OPM % 13% 10% 13% 13% 15% 15% 15% 14% 16% 17% 12% 12% 12%
0 0 0 1 1 0 0 1 1 2 1 1 1
Interest 1 2 2 2 2 2 2 2 1 1 1 1 1
Depreciation 0 1 1 1 1 1 1 1 1 1 1 2 2
Profit before tax 3 0 2 4 5 6 8 7 10 16 14 14 13
Tax % 29% 98% 39% 33% 36% 31% 37% 33% 23% 35% 35% 38%
2 0 2 2 3 4 5 5 8 11 9 8 8
EPS in Rs 3.57 0.02 3.02 4.94 6.29 7.58 9.68 9.68 15.18 21.21 18.39 16.99 16.85
Dividend Payout % 8% 0% 8% 10% 8% 7% 5% 5% 0% 0% 8% 9%
Compounded Sales Growth
10 Years: 16%
5 Years: 14%
3 Years: 20%
TTM: -7%
Compounded Profit Growth
10 Years: 96%
5 Years: 11%
3 Years: 4%
TTM: -16%
Stock Price CAGR
10 Years: 54%
5 Years: 143%
3 Years: 78%
1 Year: 24%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 18%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

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 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 5 5 6 8 11 15 19 24 31 42 51 58 64
15 17 16 15 13 12 12 12 6 13 13 11 6
6 7 8 10 9 11 18 18 14 16 18 21 16
Total Liabilities 30 34 35 38 39 43 54 59 56 75 86 95 90
3 14 15 15 16 16 16 17 17 19 19 25 24
CWIP 11 0 0 0 0 1 1 1 0 0 2 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
16 19 21 23 23 26 37 41 39 57 65 70 65
Total Assets 30 34 35 38 39 43 54 59 56 75 86 95 90

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 -0 1 2 3 4 5 3 8 0 9 11
-11 -1 -1 -1 -2 -2 -2 -2 -1 -4 -10 -5
8 2 -1 -1 -2 -2 -2 -2 -2 -1 -1 -3
Net Cash Flow -0 0 0 0 -0 0 1 -1 6 -4 -2 3

Ratios

Figures in Rs. Crores

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 73 87 84 71 84 76 76 70 82 83 67 61
Inventory Days 111 147 109 124 109 134 151 185 143 157 120 160
Days Payable 56 102 83 85 72 75 97 82 62 60 47 59
Cash Conversion Cycle 128 132 110 111 122 136 130 173 163 180 140 162
Working Capital Days 108 119 100 92 95 102 99 121 121 142 129 134
ROCE % 18% 10% 17% 22% 24% 25% 28% 24% 27% 34% 24% 21%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 72.37%
6.05% 6.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
19.56% 19.56% 25.61% 25.61% 25.61% 25.61% 25.61% 25.61% 25.60% 25.61% 25.61% 27.63%
No. of Shareholders 2,5612,5594,1354,2564,6234,6244,5244,3514,2874,2114,1242,941

* 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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