Andhra Paper Ltd
About
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Andhra Paper is engaged in the Business of Manufacture and sale of paper, pulp and paper & paper board.
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- Market Cap ₹ 905 Cr.
- Current Price ₹ 227
- High / Low ₹ 299 / 112
- Stock P/E 15.0
- Book Value ₹ 235
- Dividend Yield 0.00 %
- ROCE 27.4 %
- ROE 24.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.97 times its book value
- Company has delivered good profit growth of 117.35% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.77% over past five years.
- Tax rate seems low
- Promoters have pledged 70.64% of their holding.
- Company's cost of borrowing seems high
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Quarterly Results
Figures in Rs. Crores
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
339.73 | 339.86 | 335.90 | 376.18 | 375.39 | 368.31 | 271.79 | 349.94 | 279.67 | 121.01 | 154.57 | 248.86 | |
262.44 | 251.66 | 263.38 | 267.37 | 266.34 | 256.31 | 243.64 | 253.11 | 214.17 | 134.23 | 156.26 | 232.67 | |
Operating Profit | 77.29 | 88.20 | 72.52 | 108.81 | 109.05 | 112.00 | 28.15 | 96.83 | 65.50 | -13.22 | -1.69 | 16.19 |
OPM % | 22.75% | 25.95% | 21.59% | 28.92% | 29.05% | 30.41% | 10.36% | 27.67% | 23.42% | -10.92% | -1.09% | 6.51% |
Other Income | -7.62 | 1.21 | 4.39 | 0.73 | 2.83 | 2.43 | 4.11 | 3.43 | 4.57 | -1.34 | 4.14 | 3.66 |
Interest | 6.25 | 3.65 | 2.40 | 1.64 | 0.85 | 1.07 | 0.99 | 2.13 | 1.13 | 0.94 | 1.04 | 0.99 |
Depreciation | 16.47 | 16.12 | 16.51 | 16.97 | 18.27 | 19.08 | 18.94 | 18.75 | 19.13 | 18.76 | 18.43 | 18.31 |
Profit before tax | 46.95 | 69.64 | 58.00 | 90.93 | 92.76 | 94.28 | 12.33 | 79.38 | 49.81 | -34.26 | -17.02 | 0.55 |
Tax % | 30.29% | 35.58% | 35.47% | 36.36% | 35.42% | 35.29% | 35.60% | 35.69% | -86.55% | 26.80% | 6.40% | -638.18% |
Net Profit | 32.73 | 44.86 | 37.44 | 57.87 | 59.91 | 61.01 | 7.93 | 51.06 | 92.92 | -25.08 | -15.93 | 4.06 |
EPS in Rs | 8.23 | 11.28 | 9.41 | 14.55 | 15.06 | 15.34 | 1.99 | 12.84 | 23.36 | -6.31 | -4.01 | 1.02 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Dec 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
628 | 649 | 782 | 595 | 1,230 | 1,092 | 1,163 | 1,124 | 1,172 | 1,264 | 1,427 | 1,270 | 804 | |
513 | 505 | 635 | 528 | 1,115 | 1,030 | 1,067 | 960 | 1,003 | 1,038 | 1,047 | 966 | 737 | |
Operating Profit | 115 | 144 | 147 | 67 | 115 | 61 | 97 | 163 | 170 | 226 | 380 | 303 | 67 |
OPM % | 18% | 22% | 19% | 11% | 9% | 6% | 8% | 15% | 14% | 18% | 27% | 24% | 8% |
Other Income | 10 | 9 | 17 | 6 | 7 | 13 | 11 | 6 | -22 | -7 | 7 | 14 | 11 |
Interest | 49 | 32 | 40 | 36 | 55 | 43 | 45 | 40 | 34 | 26 | 9 | 5 | 4 |
Depreciation | 54 | 56 | 67 | 51 | 88 | 87 | 69 | 73 | 70 | 66 | 68 | 76 | 75 |
Profit before tax | 22 | 65 | 57 | -13 | -21 | -56 | -6 | 56 | 44 | 126 | 311 | 236 | -1 |
Tax % | 13% | 17% | 21% | -643% | -14% | 26% | 104% | 35% | 27% | 34% | 36% | 10% | |
Net Profit | 19 | 54 | 45 | -98 | -24 | -42 | 0 | 37 | 32 | 83 | 200 | 213 | 56 |
EPS in Rs | 5.78 | 11.30 | -24.59 | -5.96 | -10.46 | 0.06 | 9.28 | 8.15 | 20.89 | 50.31 | 53.54 | 14.06 | |
Dividend Payout % | 7% | 6% | 9% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 2% |
3 Years: | 3% |
TTM: | -41% |
Compounded Profit Growth | |
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10 Years: | 15% |
5 Years: | 117% |
3 Years: | 59% |
TTM: | -66% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | -3% |
3 Years: | -10% |
1 Year: | -11% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 20% |
3 Years: | 25% |
Last Year: | 25% |
Balance Sheet
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Dec 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
26 | 33 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | |
Reserves | 392 | 470 | 539 | 441 | 417 | 375 | 374 | 411 | 438 | 524 | 724 | 936 | 893 |
Borrowings | 561 | 493 | 436 | 478 | 449 | 564 | 502 | 477 | 359 | 208 | 15 | 9 | 8 |
181 | 173 | 188 | 299 | 302 | 336 | 330 | 340 | 317 | 325 | 407 | 336 | 316 | |
Total Liabilities | 1,160 | 1,169 | 1,202 | 1,257 | 1,208 | 1,315 | 1,246 | 1,268 | 1,155 | 1,097 | 1,186 | 1,321 | 1,257 |
751 | 678 | 858 | 807 | 821 | 877 | 833 | 820 | 798 | 742 | 707 | 680 | 644 | |
CWIP | 152 | 226 | 30 | 61 | 22 | 10 | 16 | 17 | 3 | 4 | 8 | 2 | 7 |
Investments | 17 | 17 | 17 | 16 | 16 | 15 | 15 | 15 | 10 | 15 | 16 | 44 | 39 |
240 | 248 | 297 | 373 | 348 | 413 | 382 | 415 | 344 | 336 | 455 | 595 | 566 | |
Total Assets | 1,160 | 1,169 | 1,202 | 1,257 | 1,208 | 1,315 | 1,246 | 1,268 | 1,155 | 1,097 | 1,186 | 1,321 | 1,257 |
Cash Flows
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Dec 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
76 | 121 | 125 | 70 | 174 | 20 | 128 | 111 | 172 | 215 | 310 | 177 | |
-60 | -83 | -52 | -37 | -90 | -89 | -31 | -38 | -29 | -31 | -110 | -167 | |
-22 | -32 | -65 | -30 | -90 | 68 | -108 | -67 | -145 | -175 | -201 | -11 | |
Net Cash Flow | -5 | 6 | 7 | 2 | -5 | -0 | -11 | 6 | -3 | 9 | -1 | -0 |
Ratios
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Dec 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 7% | 10% | 9% | 2% | 5% | -1% | 4% | 7% | 12% | 21% | 42% | 27% |
Debtor Days | 23 | 26 | 26 | 22 | 14 | 20 | 20 | 23 | 21 | 20 | 19 | 12 |
Inventory Turnover | 1.85 | 1.87 | 2.61 | 1.16 | 3.23 | 3.00 | 2.97 | 2.87 | 3.01 | 3.50 | 3.64 | 2.50 |
Documents
Add documentRecent announcements
- Submission Of Application For Re-Classification Of Promoters As Public Shareholders 8 Feb
- Postal Ballot - Summary Of Proceedings 1 Feb
- Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations, 2015) 1 Feb
- Disclosure Of Voting Results Along With Scrutinizer''s Report Under Regulation 44 Of SEBI (LODR) Regulations, 2015 1 Feb
- Unaudited Financial Results For The Quarter Ended December 31, 2020 28 Jan
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse