Shree Ajit Pulp and Paper Ltd
Shree Ajit Pulp And Paper Ltd, incorporated in 1995, is engaged in the manufacturing of Kraft Paper which is mainly used for manufacturing of corrugated boxes. [1]
- Market Cap ₹ 147 Cr.
- Current Price ₹ 275
- High / Low ₹ 330 / 235
- Stock P/E 7.12
- Book Value ₹ 388
- Dividend Yield 0.36 %
- ROCE 10.4 %
- ROE 10.5 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.71 times its book value
Cons
- Company has a low return on equity of 12.5% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.9.80 Cr.
- Dividend payout has been low at 2.43% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
151 | 174 | 205 | 203 | 237 | 209 | 249 | 270 | 240 | 267 | 418 | 372 | |
132 | 147 | 179 | 183 | 209 | 190 | 226 | 225 | 206 | 222 | 376 | 343 | |
Operating Profit | 18 | 27 | 26 | 20 | 28 | 19 | 24 | 44 | 34 | 45 | 43 | 29 |
OPM % | 12% | 16% | 13% | 10% | 12% | 9% | 10% | 16% | 14% | 17% | 10% | 8% |
0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 1 | 1 | 1 | 10 | |
Interest | 4 | 4 | 4 | 5 | 5 | 4 | 6 | 5 | 4 | 4 | 5 | 6 |
Depreciation | 3 | 4 | 5 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 7 | 7 |
Profit before tax | 11 | 20 | 18 | 10 | 18 | 9 | 11 | 33 | 23 | 34 | 32 | 25 |
Tax % | 31% | 30% | 33% | 27% | 34% | 29% | 32% | 28% | 15% | 30% | 32% | 18% |
Net Profit | 8 | 14 | 12 | 7 | 12 | 6 | 8 | 24 | 20 | 24 | 22 | 21 |
EPS in Rs | 14.34 | 26.34 | 21.92 | 13.27 | 21.99 | 12.02 | 14.32 | 44.71 | 37.21 | 44.80 | 40.36 | 38.64 |
Dividend Payout % | 2% | 2% | 2% | 4% | 3% | 6% | 5% | 2% | 2% | 2% | 2% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 16% |
TTM: | -11% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | 21% |
3 Years: | 1% |
TTM: | -4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 19% |
1 Year: | -12% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 14% |
3 Years: | 13% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
Reserves | 38 | 52 | 63 | 70 | 81 | 88 | 95 | 118 | 138 | 161 | 182 | 203 |
37 | 35 | 43 | 41 | 33 | 44 | 51 | 36 | 30 | 24 | 46 | 169 | |
26 | 24 | 30 | 33 | 38 | 36 | 36 | 40 | 37 | 54 | 48 | 51 | |
Total Liabilities | 107 | 116 | 142 | 149 | 157 | 173 | 187 | 199 | 210 | 245 | 282 | 429 |
61 | 61 | 89 | 91 | 91 | 89 | 111 | 127 | 134 | 129 | 128 | 140 | |
CWIP | 2 | 9 | 3 | 3 | 1 | 6 | 2 | 3 | 3 | 1 | 3 | 139 |
Investments | 1 | 2 | 0 | 0 | 0 | 5 | 5 | 8 | 8 | 7 | 4 | 13 |
43 | 45 | 51 | 54 | 65 | 73 | 69 | 62 | 65 | 108 | 147 | 136 | |
Total Assets | 107 | 116 | 142 | 149 | 157 | 173 | 187 | 199 | 210 | 245 | 282 | 429 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
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 | 14 | 16 | 17 | 14 | 18 | 45 | 32 | 25 | -7 | ||
-12 | -14 | -16 | -9 | -4 | -27 | -18 | -24 | -14 | 0 | -15 | ||
-3 | -6 | 2 | -8 | -13 | 13 | 1 | -21 | -10 | -10 | 16 | ||
Net Cash Flow | -1 | -3 | -0 | -1 | -0 | 0 | 0 | 0 | 8 | 15 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 43 | 47 | 50 | 46 | 61 | 55 | 60 | 43 | 51 | 58 | 49 | 41 |
Inventory Days | 53 | 51 | 43 | 56 | 42 | 57 | 50 | 56 | 53 | 78 | 73 | 84 |
Days Payable | 59 | 35 | 31 | 36 | 40 | 45 | 35 | 40 | 42 | 57 | 32 | 33 |
Cash Conversion Cycle | 37 | 63 | 61 | 66 | 63 | 67 | 75 | 58 | 62 | 79 | 90 | 91 |
Working Capital Days | 23 | 32 | 39 | 46 | 50 | 60 | 56 | 41 | 47 | 61 | 75 | 79 |
ROCE % | 19% | 27% | 21% | 13% | 19% | 10% | 12% | 25% | 17% | 21% | 17% | 10% |
Documents
Announcements
- Corporate Action-Board approves Dividend 11h
- Board Meeting Outcome for Outcome Of Board Meeting - 30.05.2023 11h
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
11h - Recommendation of the Audit Committee in its meeting dated 30th May, 2023 and subject to the approval of the Members at the ensuing Annual General …
- Results- Financial Results For The Year Ended On March 31, 2023 11h
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Annual Secretarial Compliance Report dated 26th May, 2023 in respect of our Company for the year ended March 31, 2023, issued by Ms. Shilpi Thapar …
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Products
The company produces M. G. Kraft paper and Multi-layer Test Liner by using Waste Paper as raw material. The products - Fluting Medium, Test Liner & Semi Kraft Liner is available in Natural Shade, while Test Liner and Semi Kraft Liner is available in Ajit Gold Shade. This product is mainly used for making Corrugated Boxes, Duplex Cartons, Corrugated small e-flute etc. as packaging material. [1] [2]