Raj Packaging Industries Ltd

Raj Packaging Industries Ltd

₹ 28.1 -6.50%
18 Apr - close price
About

Incorporated in 1987, Raj Packaging Industries
Ltd manufactures multilayer co-extruded plastic
film and flexible packaging material[1]

Key Points

Product Profile:[1]
a) Multilayer films: These are used in packaging industry due to convenience and better shelf life
b) Laminates: Company offers High impact multilayer printed/unprinted Laminates for all purpose
c) Shrink Films: Company provides shrink wrap films and pouches for food and non-food industries

  • Market Cap 12.8 Cr.
  • Current Price 28.1
  • High / Low 59.0 / 22.6
  • Stock P/E
  • Book Value 30.8
  • Dividend Yield 0.00 %
  • ROCE -0.62 %
  • ROE -3.33 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.91 times its book value
  • Debtor days have improved from 85.5 to 54.9 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.14% over past five years.
  • Promoter holding is low: 32.7%
  • Company has a low return on equity of 8.06% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.68%

* 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

Loading peers table ...

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
10.19 11.34 11.99 10.39 13.53 14.76 13.62 12.41 10.71 10.14 8.37 7.13 7.05
9.06 9.93 10.81 9.62 12.32 13.81 13.02 12.46 10.79 10.13 8.52 7.33 7.41
Operating Profit 1.13 1.41 1.18 0.77 1.21 0.95 0.60 -0.05 -0.08 0.01 -0.15 -0.20 -0.36
OPM % 11.09% 12.43% 9.84% 7.41% 8.94% 6.44% 4.41% -0.40% -0.75% 0.10% -1.79% -2.81% -5.11%
0.03 -0.00 -0.00 0.11 0.02 0.11 0.01 0.01 0.11 0.23 0.06 0.02 0.01
Interest 0.19 0.20 0.20 0.16 0.16 0.19 0.15 0.13 0.13 0.12 0.11 0.10 0.11
Depreciation 0.24 0.24 0.24 0.24 0.25 0.24 0.25 0.25 0.25 0.24 0.24 0.24 0.24
Profit before tax 0.73 0.97 0.74 0.48 0.82 0.63 0.21 -0.42 -0.35 -0.12 -0.44 -0.52 -0.70
Tax % 45.21% 29.90% 16.22% 25.00% 25.61% 28.57% 28.57% 28.57% 28.57% 16.67% 25.00% 25.00% 25.71%
0.40 0.68 0.62 0.36 0.62 0.45 0.16 -0.30 -0.25 -0.11 -0.33 -0.39 -0.52
EPS in Rs 0.88 1.49 1.36 0.79 1.36 0.98 0.35 -0.66 -0.55 -0.24 -0.72 -0.85 -1.14
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
30.24 32.99 42.68 44.85 38.81 38.57 38.26 34.26 34.05 40.29 50.65 46.86 32.69
28.23 31.08 39.64 41.30 35.72 35.41 35.33 32.67 31.61 36.04 46.53 46.34 33.39
Operating Profit 2.01 1.91 3.04 3.55 3.09 3.16 2.93 1.59 2.44 4.25 4.12 0.52 -0.70
OPM % 6.65% 5.79% 7.12% 7.92% 7.96% 8.19% 7.66% 4.64% 7.17% 10.55% 8.13% 1.11% -2.14%
0.10 0.09 0.05 0.20 0.25 0.13 0.11 0.11 0.21 0.08 0.23 0.33 0.32
Interest 1.56 1.41 1.40 1.49 1.18 1.05 0.88 1.08 1.11 0.73 0.72 0.54 0.44
Depreciation 0.66 0.65 0.65 0.69 0.66 0.66 0.68 0.84 1.04 0.96 0.97 0.98 0.96
Profit before tax -0.11 -0.06 1.04 1.57 1.50 1.58 1.48 -0.22 0.50 2.64 2.66 -0.67 -1.78
Tax % 81.82% 33.33% 13.46% 46.50% 34.00% 33.54% 18.92% 27.27% 36.00% 28.79% 23.31% 26.87%
-0.02 -0.04 0.89 0.84 0.99 1.04 1.21 -0.16 0.32 1.88 2.05 -0.50 -1.35
EPS in Rs -0.05 -0.10 2.03 1.84 2.17 2.28 2.65 -0.35 0.70 4.11 4.49 -1.09 -2.95
Dividend Payout % -0.00% -0.00% -0.00% 27.20% 23.08% 21.97% 18.88% -0.00% -0.00% 12.15% 11.15% -0.00%
Compounded Sales Growth
10 Years: 4%
5 Years: 4%
3 Years: 11%
TTM: -37%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -2350%
Stock Price CAGR
10 Years: 2%
5 Years: 1%
3 Years: 23%
1 Year: -47%
Return on Equity
10 Years: 8%
5 Years: 5%
3 Years: 8%
Last Year: -3%

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 3.97 4.17 4.39 4.57 4.57 4.57 4.57 4.57 4.57 4.57 4.57 4.57 4.57
Reserves 2.17 2.41 3.61 4.37 5.08 6.08 7.03 6.62 6.93 8.85 10.72 10.13 9.48
10.50 9.73 10.30 8.55 7.25 8.24 7.04 12.83 9.05 8.31 7.99 3.79 4.38
3.25 4.31 5.45 5.05 4.71 3.86 4.67 3.34 3.50 3.95 5.44 3.43 2.70
Total Liabilities 19.89 20.62 23.75 22.54 21.61 22.75 23.31 27.36 24.05 25.68 28.72 21.92 21.13
8.20 7.55 7.15 6.39 6.06 5.27 5.01 10.13 9.58 8.85 8.06 7.15 6.80
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.15 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.01 0.03 0.03 0.04 0.04
11.68 13.06 16.59 16.14 15.54 17.47 18.13 17.21 14.46 16.80 20.63 14.73 14.29
Total Assets 19.89 20.62 23.75 22.54 21.61 22.75 23.31 27.36 24.05 25.68 28.72 21.92 21.13

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
1.91 1.84 2.03 2.35 2.85 1.29 3.90 2.16 3.06 1.76 1.13 4.61
-0.20 0.02 -0.19 -0.08 -0.32 -0.03 -0.53 -5.75 -0.48 -0.28 -0.08 0.13
-1.67 -1.95 -1.96 -2.24 -2.55 -0.26 -2.35 3.57 -4.58 -1.48 -1.06 -4.74
Net Cash Flow 0.04 -0.09 -0.12 0.03 -0.02 1.01 1.02 -0.03 -2.00 -0.00 -0.00 -0.00

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 70.97 88.51 93.13 83.17 92.36 98.61 88.15 70.53 91.22 104.36 97.21 54.91
Inventory Days 53.11 35.43 31.04 26.31 37.78 36.15 43.65 64.27 58.13 53.12 56.26 57.92
Days Payable 29.01 33.18 38.27 33.49 38.03 31.62 41.59 26.48 31.23 31.45 38.03 23.32
Cash Conversion Cycle 95.07 90.76 85.90 76.00 92.11 103.14 90.21 108.32 118.11 126.03 115.44 89.51
Working Capital Days 94.99 82.32 86.89 86.10 107.97 123.97 105.89 119.11 113.09 121.67 112.78 88.41
ROCE % 8.78% 8.19% 14.10% 17.10% 15.59% 14.70% 12.58% 3.89% 7.22% 15.94% 14.62% -0.62%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
36.77% 36.89% 36.60% 37.12% 37.21% 37.29% 37.22% 36.16% 35.77% 32.55% 32.59% 32.66%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
63.22% 63.10% 63.39% 62.87% 62.78% 62.69% 62.77% 63.84% 64.22% 67.45% 67.39% 67.34%
No. of Shareholders 2,0942,1402,2822,3582,5312,5742,5402,5302,3462,3152,3542,463

* 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.

Documents