Duropack Ltd

Duropack Ltd

₹ 90.4 -4.25%
07 Oct - close price
About

Incorporated in 1986, Duropack Ltd is in the business of manufacturing packaging materials in the form of bags, pouches, laminated films, multi-laminated films, etc.

Key Points

Business Overview:[1][2]
The company provides flexible packaging solutions to various manufacturing industries by manufacturing a specialized range of standup pouches, multi-layer laminate films, bags, wide width Holographic Films, stickers, etc., and offering customized solutions according to customers' requirements

  • Market Cap 47.7 Cr.
  • Current Price 90.4
  • High / Low 120 / 65.0
  • Stock P/E 22.0
  • Book Value 35.0
  • Dividend Yield 0.00 %
  • ROCE 13.8 %
  • ROE 10.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Debtor days have improved from 31.1 to 23.5 days.
  • Company's working capital requirements have reduced from 28.5 days to 16.6 days

Cons

  • Stock is trading at 2.59 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.3% 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: Packaging Industry: Packaging

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
2.74 6.37 6.70 8.30 6.28 8.48 8.59 7.70 7.24 8.42 8.33 7.68 6.29
2.66 5.60 6.16 7.88 5.67 7.48 7.76 7.30 6.54 7.59 7.40 7.22 5.57
Operating Profit 0.08 0.77 0.54 0.42 0.61 1.00 0.83 0.40 0.70 0.83 0.93 0.46 0.72
OPM % 2.92% 12.09% 8.06% 5.06% 9.71% 11.79% 9.66% 5.19% 9.67% 9.86% 11.16% 5.99% 11.45%
0.06 0.05 0.32 0.04 0.01 0.18 0.26 0.25 0.17 0.15 0.21 0.13 0.23
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 0.00
Depreciation 0.11 0.11 0.17 0.13 0.17 0.18 0.18 0.13 0.18 0.19 0.21 0.19 0.20
Profit before tax 0.03 0.71 0.69 0.33 0.45 1.00 0.91 0.52 0.69 0.79 0.93 0.40 0.75
Tax % 33.33% 26.76% 21.74% 33.33% 17.78% 21.00% 17.58% 51.92% 24.64% 10.13% 26.88% 45.00% 26.67%
0.03 0.51 0.55 0.22 0.36 0.79 0.74 0.25 0.53 0.71 0.68 0.23 0.55
EPS in Rs 0.06 0.97 1.04 0.42 0.68 1.50 1.40 0.47 1.01 1.35 1.29 0.44 1.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
8.72 10.99 11.87 10.64 12.09 14.08 17.38 17.14 20.60 24.10 31.05 31.67 30.72
7.91 10.15 10.92 9.77 11.19 12.96 16.05 15.60 18.72 22.27 28.20 28.74 27.78
Operating Profit 0.81 0.84 0.95 0.87 0.90 1.12 1.33 1.54 1.88 1.83 2.85 2.93 2.94
OPM % 9.29% 7.64% 8.00% 8.18% 7.44% 7.95% 7.65% 8.98% 9.13% 7.59% 9.18% 9.25% 9.57%
0.11 0.14 0.15 0.04 0.04 0.03 0.02 0.04 -0.04 0.46 0.68 0.66 0.72
Interest 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.34 0.32 0.45 0.26 0.23 0.19 0.27 0.43 0.34 0.52 0.66 0.76 0.79
Profit before tax 0.58 0.65 0.65 0.65 0.71 0.96 1.08 1.15 1.50 1.77 2.87 2.83 2.87
Tax % 18.97% 23.08% 12.31% 18.46% 25.35% 32.29% 23.15% 26.09% 30.67% 25.99% 25.44% 23.67%
0.47 0.51 0.57 0.52 0.53 0.65 0.83 0.85 1.04 1.31 2.14 2.16 2.17
EPS in Rs 0.89 0.97 1.08 0.99 1.01 1.23 1.57 1.61 1.97 2.48 4.06 4.10 4.12
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 11%
5 Years: 13%
3 Years: 15%
TTM: -4%
Compounded Profit Growth
10 Years: 13%
5 Years: 17%
3 Years: 16%
TTM: -6%
Stock Price CAGR
10 Years: 25%
5 Years: 53%
3 Years: 46%
1 Year: -12%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 10%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4.65 4.65 4.65 4.65 4.65 4.65 4.65 4.65 4.65 5.27 5.27 5.27
Reserves 0.19 0.70 1.27 1.79 2.57 3.39 4.44 5.45 6.77 8.20 9.84 13.17
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.79 0.91 0.96 0.78 1.21 1.50 2.05 2.08 2.72 2.93 3.32 3.44
Total Liabilities 5.63 6.26 6.88 7.22 8.43 9.54 11.14 12.18 14.14 16.40 18.43 21.88
2.13 2.01 1.59 1.45 1.32 1.37 2.45 2.87 3.07 4.91 5.26 5.24
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.80
Investments 0.00 0.00 1.20 3.40 3.59 4.32 4.33 4.50 4.81 4.53 6.21 9.22
3.50 4.25 4.09 2.37 3.52 3.85 4.36 4.81 6.26 6.96 6.96 6.62
Total Assets 5.63 6.26 6.88 7.22 8.43 9.54 11.14 12.18 14.14 16.40 18.43 21.88

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.58 0.22 0.96 1.09 -0.09 1.16 0.80 1.91 0.73 0.10 5.45 1.77
-0.01 -0.19 -1.23 -2.32 0.11 -0.73 -1.13 -0.85 -1.08 -1.53 -2.50 -3.59
-0.11 0.00 0.00 -0.04 0.00 0.00 0.00 -0.02 0.00 0.81 0.00 0.00
Net Cash Flow 0.46 0.03 -0.27 -1.27 0.01 0.43 -0.33 1.05 -0.36 -0.62 2.94 -1.82

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 23.44 40.85 31.67 34.99 70.95 56.25 58.17 54.73 47.49 54.98 14.69 23.51
Inventory Days 54.28 37.82 41.17 27.07 18.50 23.16 21.59 18.64 50.15 54.93 25.39 25.09
Days Payable 28.08 19.59 19.10 17.89 34.90 28.30 42.00 38.24 30.72 43.43 22.69 30.35
Cash Conversion Cycle 49.65 59.08 53.74 44.18 54.55 51.11 37.76 35.13 66.92 66.49 17.40 18.26
Working Capital Days 37.67 50.81 47.05 42.88 62.49 46.66 44.10 32.37 44.30 59.67 9.29 16.60
ROCE % 12.45% 12.95% 11.54% 10.52% 9.81% 12.32% 12.49% 11.99% 15.15% 11.65% 15.40% 13.77%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
69.86% 69.86% 69.86% 69.86% 69.87% 69.89% 69.89% 69.89% 69.89% 69.89% 69.89% 69.89%
30.14% 30.14% 30.14% 30.14% 30.14% 30.12% 30.12% 30.12% 30.11% 30.12% 30.12% 30.11%
No. of Shareholders 3,7783,8073,8263,8755,7475,8756,0176,0846,0846,0165,9095,816

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