Kuantum Papers Ltd

Kuantum Papers Ltd

₹ 151 -1.12%
19 Apr - close price
About

Incorporated in 1980, Kuantum Papers is in the business of production and marketing of wood-free writing and printing paper. The Co. is one of the largest fully integrated Agro-based paper manufacturers in India committed to manufacturing wood-free, high-quality maplitho, cream wove, copier and specialty paper. [1][2]

Key Points

Product offerings
Maplitho, creamwove and value added specialty products like thermal paper, bond paper, parchment paper, azurelaid paper, catridge paper, coloured paper, ledger paper, stiffner paper, cupstock base paper for straws and carry bag paper with GSM range of 40 – 200. The company manufactures its products on an order-based system from its 100+ dealer network spread across India.[1]
These products are extensively used in the printing of books, notebooks, office stationery, etc. It is now foraying into new specialty products like Food Grade -OGR, Cup Stock Base, Tissue paper and also has several products under development. [2] [3]

  • Market Cap 1,315 Cr.
  • Current Price 151
  • High / Low 226 / 135
  • Stock P/E 6.12
  • Book Value 120
  • Dividend Yield 1.99 %
  • ROCE 22.0 %
  • ROE 19.8 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 19.6% CAGR over last 5 years
  • Company's working capital requirements have reduced from 49.9 days to 36.9 days

Cons

  • Company has a low return on equity of 7.37% 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: Paper Industry: Paper

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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
119 169 148 201 230 252 274 341 351 344 313 298 301
106 141 132 161 199 219 213 242 246 230 203 218 222
Operating Profit 13 28 15 40 30 33 61 99 105 114 109 81 79
OPM % 11% 16% 10% 20% 13% 13% 22% 29% 30% 33% 35% 27% 26%
2 -8 1 1 1 1 -62 1 1 0 1 1 1
Interest 8 4 17 17 18 18 18 20 18 16 11 12 11
Depreciation 8 10 12 12 11 11 11 11 11 12 12 12 12
Profit before tax -2 6 -12 12 2 5 -31 69 77 87 87 57 56
Tax % 25% -63% 55% 15% -62% 13% -27% 24% 26% 25% 25% 26% 25%
-1 10 -5 11 4 4 -39 53 57 65 65 43 42
EPS in Rs -0.14 1.19 -0.62 1.20 0.46 0.50 -4.45 6.04 6.56 7.45 7.46 4.89 4.83
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
376 422 477 499 526 608 704 793 745 404 830 1,310 1,256
333 362 402 435 460 490 556 637 625 374 710 930 873
Operating Profit 43 60 76 64 65 118 148 156 119 30 120 380 383
OPM % 12% 14% 16% 13% 12% 19% 21% 20% 16% 7% 14% 29% 31%
2 1 3 1 1 3 3 9 9 1 4 -60 3
Interest 24 23 22 21 20 21 25 29 31 28 70 71 51
Depreciation 15 16 19 13 14 15 19 25 32 35 46 45 48
Profit before tax 5 21 37 32 33 84 107 111 65 -32 8 203 288
Tax % 32% 40% 10% 21% 25% 30% 32% 30% -10% 60% -74% 33%
4 13 34 25 25 59 73 78 72 -13 13 136 215
EPS in Rs 0.43 1.47 3.84 2.87 2.81 6.79 8.35 8.93 8.23 -1.46 1.54 15.60 24.63
Dividend Payout % 0% 0% 0% 3% 4% 3% 3% 6% 3% 0% 0% 19%
Compounded Sales Growth
10 Years: 12%
5 Years: 13%
3 Years: 21%
TTM: 3%
Compounded Profit Growth
10 Years: 30%
5 Years: 20%
3 Years: 35%
TTM: 65%
Stock Price CAGR
10 Years: 41%
5 Years: 28%
3 Years: 36%
1 Year: 10%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 7%
Last Year: 20%

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 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 55 68 100 532 552 612 683 758 823 809 822 958 1,040
Preference Capital 0 0 30 30 30 0 30 30 30 30 30 30
202 203 147 194 213 302 291 365 543 659 732 483 469
60 93 124 121 130 88 139 153 174 138 113 240 226
Total Liabilities 325 373 379 856 903 1,011 1,121 1,284 1,549 1,614 1,676 1,689 1,743
234 223 265 673 687 772 825 978 1,034 1,436 1,408 1,414 1,443
CWIP 12 37 0 26 50 42 84 55 310 21 29 31 37
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
79 112 114 157 166 198 213 251 206 158 239 245 263
Total Assets 325 373 379 856 903 1,011 1,121 1,284 1,549 1,614 1,676 1,689 1,743

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
45 53 62 32 57 73 131 136 75 80 48 375
-31 -27 -11 -56 -50 -93 -132 -150 -252 -178 -35 -60
-14 -26 -50 23 -6 41 -8 39 138 98 -11 -318
Net Cash Flow 0 0 1 -0 0 21 -8 25 -39 -0 3 -2

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 19 25 27 32 25 21 17 15 7 30 27 8
Inventory Days 95 141 105 107 102 117 133 95 141 145 114 88
Days Payable 46 114 89 54 47 47 54 47 42 124 47 25
Cash Conversion Cycle 68 52 43 85 80 91 95 63 105 51 94 71
Working Capital Days -4 -3 1 26 23 17 24 17 11 51 62 37
ROCE % 12% 16% 21% 10% 7% 12% 14% 13% 8% 0% 5% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.30% 70.30% 70.30% 70.30% 70.30% 70.31% 70.31% 70.31% 70.31% 70.31% 70.31% 70.31%
0.01% 0.00% 0.02% 0.01% 0.00% 0.00% 0.13% 0.13% 0.39% 1.04% 0.53% 0.17%
0.00% 0.01% 0.00% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00%
29.68% 29.69% 29.67% 29.68% 29.69% 29.69% 29.57% 29.56% 29.30% 28.63% 29.16% 29.52%
No. of Shareholders 10,55911,37810,98611,91812,02211,72611,67812,19812,15917,04418,25120,276

* 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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