Ganga Papers India Ltd

₹ 78.0 -1.64%
05 Dec - close price
About

Ganga Papers India Limited is engaged in the business of manufacturing paper and paper products. The company offers a wide range of paper including Newsprint Papers, Writing paper and Kraft paper. [1]

Key Points

Products
Kraft Paper- The Co manufactures Fluting Paper which can be used individually as a type of protective packaging paper, and Test Liner Kraft which is used in the production of Food Packaging etc.
Pulp: The Co manufactures AOCC Pulp, OCC Pulp, ONP Pulp and De-ink Pulp.
Newsprinting & Writing Printing Paper: It also manufactures newsprint paper which is used to print newspapers etc, and writing printing paper which is suitable for high speed multi color printing. [1]

  • Market Cap 84.2 Cr.
  • Current Price 78.0
  • High / Low 93.0 / 56.9
  • Stock P/E 16.4
  • Book Value 25.0
  • Dividend Yield 0.00 %
  • ROCE 15.9 %
  • ROE 24.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 25.2% CAGR over last 5 years

Cons

  • Stock is trading at 3.12 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.4.55 Cr.

* 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
30.84 35.90 36.44 28.86 34.31 46.11 67.33 79.82 48.14 73.08 73.90 86.29 71.15
29.07 34.54 34.24 27.49 33.00 44.47 63.62 78.32 46.95 70.98 74.45 83.37 68.12
Operating Profit 1.77 1.36 2.20 1.37 1.31 1.64 3.71 1.50 1.19 2.10 -0.55 2.92 3.03
OPM % 5.74% 3.79% 6.04% 4.75% 3.82% 3.56% 5.51% 1.88% 2.47% 2.87% -0.74% 3.38% 4.26%
-0.08 0.28 0.25 0.24 0.15 0.58 1.11 2.38 0.90 0.75 3.70 0.04 0.06
Interest 0.76 0.68 1.16 0.63 0.47 0.56 0.77 0.53 0.54 0.75 0.82 0.69 0.80
Depreciation 0.51 0.51 0.55 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.52 0.52
Profit before tax 0.42 0.45 0.74 0.45 0.46 1.13 3.52 2.82 1.02 1.57 1.80 1.75 1.77
Tax % 0.00% 0.00% 29.73% 0.00% 0.00% 0.00% 40.06% 24.11% 34.31% 35.03% 15.00% 24.57% 28.25%
Net Profit 0.42 0.45 0.52 0.44 0.46 1.12 2.10 2.14 0.67 1.02 1.53 1.32 1.27
EPS in Rs 0.39 0.42 0.48 0.41 0.43 1.04 1.95 1.98 0.62 0.95 1.42 1.22 1.18
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
58 63 63 67 74 74 81 102 132 140 177 275 304
53 58 59 63 71 71 77 98 126 133 168 271 297
Operating Profit 5 5 4 4 3 3 4 4 6 7 8 4 8
OPM % 9% 8% 7% 6% 4% 5% 5% 4% 5% 5% 5% 2% 2%
0 0 0 0 0 0 0 -0 1 1 2 8 5
Interest 1 2 1 3 2 2 2 2 3 3 2 3 3
Depreciation 1 0 0 0 1 1 1 1 2 2 2 2 2
Profit before tax 4 3 3 1 1 1 1 2 2 2 6 7 7
Tax % 2% 3% 3% 2% 11% 9% -35% 3% 19% 11% 25% 26%
Net Profit 4 3 3 1 1 1 2 1 2 2 4 5 5
EPS in Rs 3.52 2.47 2.43 1.20 0.95 0.98 1.61 1.38 1.52 1.72 3.83 4.97 4.77
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: 28%
3 Years: 28%
TTM: 26%
Compounded Profit Growth
10 Years: 7%
5 Years: 25%
3 Years: 48%
TTM: -15%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: 41%
1 Year: 0%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 22%
Last Year: 25%

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
11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves -11 -8 -5 -4 -4 -3 -1 1 2 4 8 14 16
27 32 31 22 23 19 24 32 37 37 39 41 44
8 6 5 5 7 10 9 9 13 15 25 29 27
Total Liabilities 36 40 42 34 37 37 43 52 63 67 83 95 98
7 6 6 10 9 8 8 7 28 28 25 23 22
CWIP 0 2 2 2 2 3 7 22 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
29 33 34 22 26 26 29 23 35 40 57 72 76
Total Assets 36 40 42 34 37 37 43 52 63 67 83 95 98

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
7 -4 2 14 1 2 2 8 0 7 1 2
-1 -1 -0 -4 -0 -0 -5 -14 -2 -1 -0 -0
-7 5 -2 -10 -1 -5 3 7 2 -2 0 0
Net Cash Flow -0 0 0 0 -0 -3 0 0 0 4 1 2

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 35 28 38 26 31 39 43 28 48 43 69 43
Inventory Days 114 138 137 99 83 103 88 53 49 49 14 25
Days Payable 35 39 32 32 34 57 49 38 46 50 51 29
Cash Conversion Cycle 115 127 142 93 80 85 82 42 50 42 32 40
Working Capital Days 84 90 99 65 63 67 62 30 39 42 46 41
ROCE % 21% 16% 12% 12% 10% 10% 10% 9% 11% 11% 14% 16%

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
74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.99
0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
24.77 24.77 24.77 24.77 24.77 24.77 24.77 24.77 24.77 24.77 24.77 24.78

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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