Shree Ajit Pulp and Paper Ltd

Sh. Ajit Pulp Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shree Ajit Pulp and Paper Ltd

₹ 224 -0.20%
25 Apr 11:05 a.m.
shreeajit.com BSE: 538795
About

Incorporated in 1995, Shree Ajit Pulp And Paper Ltd does manufacturing of Kraft Paper (Testliner / Multilayer Testliner) which is mainly used for manufacturing of corrugated boxes[1]

Key Points

Product Profile:[1][2]
Company does manufacturing of Premium Grade Kraft Paper – Testliner (single wire) & Multilayer Testliner (triple wire) with GSM range of 80 – 300 & BF range of 20 – 35. It manufactures M.G. Kraft paper and Multi-layer Test Liner using Waste Paper. The products Fluting Medium, Test Liner & Semi Kraft Liner are available in Natural Shade, while Test Liner and Semi Kraft Liner is available in Ajit Gold Shade

Website BSE
  • Market Cap ₹ 179 Cr.
  • Current Price ₹ 224
  • High / Low ₹ 297 / 159
  • Stock P/E 27.4
  • Book Value ₹ 231
  • Dividend Yield 0.45 %
  • ROCE 7.35 %
  • ROE 5.73 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.97 times its book value
  • Promoter holding has increased by 2.51% over last quarter.

Cons

  • Company has a low return on equity of 11.5% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 3.02% of profits 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

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
80.96 92.35 87.01 101.61 106.79 122.84 103.27 106.23 86.62 75.75 75.87 68.10 43.07
65.29 75.39 71.43 90.62 96.93 113.28 95.75 100.10 76.01 70.84 70.40 63.22 38.08
Operating Profit 15.67 16.96 15.58 10.99 9.86 9.56 7.52 6.13 10.61 4.91 5.47 4.88 4.99
OPM % 19.36% 18.36% 17.91% 10.82% 9.23% 7.78% 7.28% 5.77% 12.25% 6.48% 7.21% 7.17% 11.59%
0.13 0.23 0.30 0.35 0.16 0.12 0.00 0.27 0.16 -0.05 0.82 0.23 -0.05
Interest 0.64 1.32 0.61 0.66 0.79 2.48 2.03 1.18 2.43 0.85 0.84 0.98 0.98
Depreciation 1.87 1.83 1.83 1.85 1.84 1.80 1.82 1.81 1.79 1.79 1.82 1.86 1.85
Profit before tax 13.29 14.04 13.44 8.83 7.39 5.40 3.67 3.41 6.55 2.22 3.63 2.27 2.11
Tax % 28.89% 31.34% 29.17% 29.33% 28.82% 25.37% 28.61% 28.15% 27.63% 34.23% 28.65% 56.39% 30.33%
9.46 9.63 9.51 6.25 5.26 4.04 2.62 2.46 4.74 1.47 2.60 0.98 1.47
EPS in Rs 10.63 10.82 10.69 7.02 5.91 4.54 2.94 2.76 5.33 1.65 2.92 1.10 1.65
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
155 174 190 189 222 209 249 270 240 267 418 372 263
137 147 164 169 195 190 225 225 206 221 372 343 243
Operating Profit 18 27 25 19 27 19 24 44 34 45 46 29 20
OPM % 12% 16% 13% 10% 12% 9% 10% 16% 14% 17% 11% 8% 8%
0 0 0 0 0 0 -0 0 1 1 1 0 1
Interest 4 4 3 4 4 4 6 5 4 4 5 6 4
Depreciation 3 4 5 5 5 5 6 7 8 8 7 7 7
Profit before tax 11 20 18 10 18 9 12 33 23 35 35 16 10
Tax % 31% 30% 32% 28% 33% 29% 31% 29% 15% 29% 29% 29%
8 14 12 7 12 6 8 23 20 25 25 11 7
EPS in Rs 8.64 15.83 13.69 8.00 13.60 7.19 9.27 25.99 22.08 27.70 28.15 12.69 7.32
Dividend Payout % 2% 2% 2% 4% 3% 6% 5% 2% 2% 2% 2% 5%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 16%
TTM: -37%
Compounded Profit Growth
10 Years: -2%
5 Years: 6%
3 Years: -17%
TTM: -53%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 13%
1 Year: 26%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 11%
Last Year: 6%

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 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 38 52 64 70 82 88 96 119 138 162 187 197 200
37 35 38 34 27 44 51 36 30 24 46 169 197
26 24 29 32 34 36 36 40 37 54 48 51 56
Total Liabilities 107 116 136 142 148 173 188 200 210 246 286 424 459
61 61 83 85 82 89 111 127 134 129 128 140 139
CWIP 2 9 3 1 1 6 2 3 3 1 3 139 164
Investments 1 3 3 4 5 6 6 9 9 9 9 9 9
42 44 47 51 60 73 68 61 65 107 146 136 147
Total Assets 107 116 136 142 148 173 188 200 210 246 286 424 459

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
14 17 17 15 16 14 18 45 32 25 -7 21
-12 -13 -17 -7 -4 -27 -18 -24 -14 0 -15 -146
-3 -6 -0 -8 -12 13 1 -21 -10 -10 16 110
Net Cash Flow -1 -2 -0 -1 0 0 -0 0 8 15 -7 -15

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 41 47 50 48 61 55 60 43 51 58 49 41
Inventory Days 53 51 44 59 43 57 50 56 53 78 73 84
Days Payable 59 39 30 37 37 45 35 40 42 57 32 33
Cash Conversion Cycle 36 60 64 70 66 67 75 58 62 79 90 91
Working Capital Days 22 32 40 48 53 60 56 41 47 61 75 79
ROCE % 19% 27% 21% 13% 20% 10% 12% 24% 17% 21% 18% 7%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.60% 55.60% 55.60% 55.60% 55.60% 55.60% 56.30% 56.30% 56.83% 56.84% 56.84% 59.34%
44.40% 44.40% 44.40% 44.40% 44.40% 44.41% 43.70% 43.71% 43.17% 43.17% 43.17% 40.67%
No. of Shareholders 1,4811,8341,8521,8671,9521,9291,9781,9061,9211,8991,8952,593

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