Innocorp Ltd

₹ 5.70 2.70%

26 Apr - close price

innocorpltd.com BSE: 531929

About

Incorporated in 1994, Innocorp Ltd is in the business of manufacturing Plastic products^[1]

Key Points

Business Overview:^[1]
Company is a manufacturer of injection molded plastic products for house hold, kitchenware and industrial use. It is a contract manufacturer for Tupperware and manufactures injection molded plastics and processing of all grades of PP, PC, PE, Nylon and ABS

Website BSE

Market Cap ₹ 4.53 Cr.
Current Price ₹ 5.70
High / Low ₹ 7.60 / 4.61
Stock P/E
Book Value ₹ 3.46
Dividend Yield 0.00 %
ROCE -35.9 %
ROE -82.9 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -34.2% over past five years.
Promoter holding is low: 29.7%
Company has high debtors of 195 days.
Working capital days have increased from 945 days to 4,672 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: Plastic products Industry: Plastics Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	0.08	0.30	0.00	0.04	0.34	0.13	0.13	0.00	0.00	0.01	0.00	0.00	0.00
	0.07	0.14	0.09	0.08	0.05	0.17	0.13	0.06	0.63	0.60	0.09	0.09	0.01
Operating Profit	0.01	0.16	-0.09	-0.04	0.29	-0.04	0.00	-0.06	-0.63	-0.59	-0.09	-0.09	-0.01
OPM %	12.50%	53.33%		-100.00%	85.29%	-30.77%	0.00%			-5,900.00%
	0.00	0.20	0.01	0.00	0.00	0.00	0.00	6.75	0.00	0.03	0.00	0.00	0.00
Interest	0.05	0.05	0.05	0.03	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.04	0.07	0.04	0.00	0.03	0.11	0.05	0.03	0.03	0.01	0.01	0.01	0.02
Profit before tax	-0.08	0.24	-0.17	-0.07	0.23	-0.15	-0.05	6.66	-0.66	-0.57	-0.10	-0.10	-0.03
Tax %	0.00%	-212.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-266.67%	0.00%	0.00%	0.00%
	-0.07	0.75	-0.18	-0.08	0.24	-0.16	-0.05	6.66	-0.67	-2.09	-0.10	-0.10	-0.02
EPS in Rs	-0.09	0.94	-0.23	-0.10	0.30	-0.20	-0.06	8.39	-0.84	-2.63	-0.13	-0.13	-0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	9.02	14.94	12.89	11.49	1.77	2.16	1.22	1.45	0.65	0.48	0.52	0.15	0.01
	7.67	13.13	11.30	14.51	2.22	2.39	2.07	1.94	1.04	0.29	0.39	0.89	0.79
Operating Profit	1.35	1.81	1.59	-3.02	-0.45	-0.23	-0.85	-0.49	-0.39	0.19	0.13	-0.74	-0.78
OPM %	14.97%	12.12%	12.34%	-26.28%	-25.42%	-10.65%	-69.67%	-33.79%	-60.00%	39.58%	25.00%	-493.33%	-7,800.00%
	-0.06	0.07	0.08	-0.04	0.14	0.07	1.44	0.15	-0.28	0.20	0.01	6.25	0.03
Interest	0.39	0.57	0.67	0.63	0.46	0.39	0.33	0.23	0.28	0.18	0.12	0.01	0.00
Depreciation	0.57	0.69	0.76	1.45	0.45	0.48	0.45	0.42	0.28	0.18	0.19	0.12	0.05
Profit before tax	0.33	0.62	0.24	-5.14	-1.22	-1.03	-0.19	-0.99	-1.23	0.03	-0.17	5.38	-0.80
Tax %	-6.06%	25.81%	75.00%	45.91%	0.00%	-154.37%	-263.16%	0.00%	7.32%	-1,700.00%	0.00%	28.25%
	0.35	0.46	0.06	-2.77	-1.22	-2.62	-0.68	-0.99	-1.13	0.54	-0.17	3.85	-2.31
EPS in Rs	0.44	0.58	0.08	-3.49	-1.54	-3.30	-0.86	-1.25	-1.42	0.68	-0.21	4.85	-2.92
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:	-37%
5 Years:	-34%
3 Years:	-39%
TTM:	-96%

Compounded Profit Growth
10 Years:	%
5 Years:	8%
3 Years:	0%
TTM:	-140%

Stock Price CAGR
10 Years:	4%
5 Years:	%
3 Years:	84%
1 Year:	-13%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	-83%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	7.94	7.94	7.94	7.94	7.94	7.94	7.94	7.94	7.94	7.94	7.94	7.94	7.94
Reserves	-0.31	0.15	0.21	-2.57	-3.78	-6.40	-7.09	-8.08	-9.21	-8.67	-8.84	-4.99	-5.19
	4.27	4.48	4.80	3.49	4.15	4.09	2.86	3.56	2.56	2.44	2.57	0.00	0.00
	0.55	1.00	0.57	1.26	0.59	0.91	1.42	1.37	1.36	1.71	1.48	1.60	1.60
Total Liabilities	12.45	13.57	13.52	10.12	8.90	6.54	5.13	4.79	2.65	3.42	3.15	4.55	4.35
	6.56	6.65	6.47	5.16	4.72	4.25	3.33	3.17	1.36	1.37	1.28	0.18	0.16
CWIP	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	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
	5.85	6.92	7.05	4.96	4.18	2.29	1.80	1.62	1.29	2.05	1.87	4.37	4.19
Total Assets	12.45	13.57	13.52	10.12	8.90	6.54	5.13	4.79	2.65	3.42	3.15	4.55	4.35

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-0.25	0.58	0.30	2.59	0.56	0.73	-0.37	-0.37	0.03	0.29	0.07	-1.34
	-2.96	-0.79	-0.58	-0.27	-0.02	-0.08	1.91	-0.11	1.26	0.01	-0.10	7.20
	3.01	0.20	0.32	-1.94	-0.97	-0.10	-1.55	0.48	-1.28	-0.30	0.02	-5.86
Net Cash Flow	-0.20	-0.01	0.04	0.38	-0.43	0.55	0.00	0.00	0.01	0.00	-0.01	0.00

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	28.33	22.72	15.86	16.84	51.55	32.11	77.79	50.34	28.08	228.12	133.37	194.67
Inventory Days	77.10	60.76	71.65	29.66	376.77	223.56	270.10	1,323.12	37.76
Days Payable	16.27	23.19	14.02	35.84	82.42	114.06	240.90	1,003.75	289.48
Cash Conversion Cycle	89.16	60.29	73.49	10.66	345.91	141.61	106.99	369.72	-223.65	228.12	133.37	194.67
Working Capital Days	83.36	64.74	86.65	4.45	90.73	-15.21	-173.52	-176.21	-617.69	-988.54	-849.33	4,672.00
ROCE %	7.72%	9.97%	7.13%	-40.35%	-8.85%	-10.04%	-27.62%	-25.25%	-28.45%	0.67%	-2.96%	-35.93%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	29.67%	29.67%	29.67%	29.67%	29.67%	29.67%	29.67%	29.67%	29.67%	29.67%	29.67%	29.67%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	70.32%	70.32%	70.32%	70.32%	70.32%	70.32%	70.33%	70.33%	70.33%	70.33%	70.33%	70.33%
No. of Shareholders	3,216	3,242	4,213	5,528	5,515	5,373	5,213	5,140	5,128	5,488	5,947	5,975

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	29.58%	29.67%	29.67%	29.67%	29.67%	29.67%	29.67%	29.67%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	70.41%	70.32%	70.32%	70.32%	70.32%	70.32%	70.33%	70.33%
No. of Shareholders	3,396	3,277	3,280	3,276	3,234	5,528	5,140	5,975

* 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.

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Innocorp Ltd

Innocorp Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports