Mohit Paper Mills Ltd

₹ 19.6 -0.51%
05 Dec - close price
About

Incorporated in 1992, Mohit Paper Mills Ltd is engaged in the manufacturing of Paper.

Key Points

Business Overview:[1]
Company manufactures various grades of writing and printing paper using bagasse/agro waste which are available in the vicinity of the manufacturing unit. Co. also makes newsprint paper with waste paper. Company has also installed Chemical Recovery Plant which recovers caustic soda and produces a soda ash which is a saleable by-product.

  • Market Cap 27.5 Cr.
  • Current Price 19.6
  • High / Low 32.9 / 8.42
  • Stock P/E 7.38
  • Book Value 25.0
  • Dividend Yield 0.00 %
  • ROCE 6.32 %
  • ROE 6.09 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.78 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 37.8 to 28.9 days.

Cons

  • The company has delivered a poor sales growth of 9.79% over past five years.
  • Company has a low return on equity of 2.12% over last 3 years.
  • Working capital days have increased from 39.6 days to 72.3 days

* 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: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
29.58 31.37 33.45 9.34 10.94 25.37 35.75 26.49 36.09 35.13 43.10 52.03 58.87
27.51 29.33 30.26 9.40 11.91 24.63 33.53 24.44 33.94 33.28 40.97 49.56 55.43
Operating Profit 2.07 2.04 3.19 -0.06 -0.97 0.74 2.22 2.05 2.15 1.85 2.13 2.47 3.44
OPM % 7.00% 6.50% 9.54% -0.64% -8.87% 2.92% 6.21% 7.74% 5.96% 5.27% 4.94% 4.75% 5.84%
0.43 0.75 0.32 0.32 0.52 0.47 0.76 0.39 0.53 0.34 0.59 0.56 0.82
Interest 0.58 0.74 0.78 0.75 0.75 0.87 0.58 0.79 0.85 0.87 0.75 0.77 0.94
Depreciation 1.21 1.46 0.94 1.04 1.19 1.05 1.74 1.40 1.44 1.05 1.59 1.37 1.39
Profit before tax 0.71 0.59 1.79 -1.53 -2.39 -0.71 0.66 0.25 0.39 0.27 0.38 0.89 1.93
Tax % 16.90% 40.68% 26.82% -3.27% -10.88% -77.46% -210.61% 104.00% 64.10% -192.59% -178.95% 3.37% 46.11%
Net Profit 0.60 0.35 1.31 -1.58 -2.65 -1.25 2.05 -0.01 0.13 0.78 1.06 0.85 1.04
EPS in Rs 0.43 0.25 0.94 -1.13 -1.89 -0.89 1.46 -0.01 0.09 0.56 0.76 0.61 0.74
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
55 62 65 85 87 92 88 100 155 131 81 141 189
52 59 61 77 79 84 80 92 147 122 79 133 179
Operating Profit 3 2 4 7 8 7 8 8 8 10 2 8 10
OPM % 6% 4% 6% 9% 9% 8% 9% 8% 5% 7% 2% 6% 5%
1 1 0 0 0 0 0 0 2 2 2 2 2
Interest 1 2 2 3 3 3 3 3 2 3 3 3 3
Depreciation 2 0 1 4 4 3 4 4 4 5 5 5 5
Profit before tax 1 1 1 1 1 1 1 1 3 4 -4 1 3
Tax % -41% 57% 43% 8% 15% 30% 22% 23% 31% 27% 13% -53%
Net Profit 1 0 1 1 1 1 1 1 2 3 -3 2 4
EPS in Rs 0.74 0.38 0.43 0.76 0.76 0.63 0.74 0.76 1.46 2.29 -2.46 1.40 2.67
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: -3%
TTM: 53%
Compounded Profit Growth
10 Years: 18%
5 Years: 14%
3 Years: -1%
TTM: 305%
Stock Price CAGR
10 Years: 20%
5 Years: 7%
3 Years: 29%
1 Year: 131%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 2%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
10 11 14 14 14 14 14 14 14 14 14 14 14
Reserves 8 9 9 10 11 12 13 14 16 19 17 19 21
16 23 22 27 27 30 25 29 34 33 39 40 30
12 9 15 16 22 23 28 30 32 38 38 39 49
Total Liabilities 47 52 60 67 74 79 80 87 95 104 108 112 114
20 26 30 31 31 34 39 48 47 53 50 59 57
CWIP 1 -0 -0 -0 1 0 -0 1 12 8 12 -0 1
Investments 1 1 1 1 1 1 1 1 1 1 1 1 1
24 25 29 35 41 43 39 37 36 42 46 52 54
Total Assets 47 52 60 67 74 79 80 87 95 104 108 112 114

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1 -2 8 2 0 5 14 10 14 8 9 -13
-2 -4 -7 -4 -5 -6 -9 -13 -14 -7 -6 -3
0 6 -1 2 6 -0 -5 3 2 -3 -3 16
Net Cash Flow -1 0 0 -0 1 -2 0 0 1 -1 0 0

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 30 55 52 70 72 77 48 70 21 33 52 29
Inventory Days 309 202 252 204 255 224 247 141 174 157 275 221
Days Payable 134 52 63 52 76 68 57 53 34 69 114 36
Cash Conversion Cycle 205 205 241 222 251 233 238 158 160 121 212 213
Working Capital Days 106 114 96 94 124 129 61 49 19 25 22 72
ROCE % 6% 6% 7% 8% 8% 8% 8% 8% 9% 12% -2% 6%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
61.36 61.36 61.36 61.36 61.36 64.07 64.07 64.08 64.08 64.08 64.08 64.08
38.64 38.64 38.64 38.64 38.64 35.93 35.93 35.92 35.92 35.92 35.92 35.92

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