Andhra Paper Ltd

Andhra Paper Ltd

₹ 448 0.99%
30 May - close price
About

Andhra Paper is engaged in the Business of Manufacture and sale of paper, pulp and paper & paper board.
[1]

Key Points

Product Portfolio
The company produces writing & printing paper, copier, and a wide range of specialty paper used in a diverse range of applications such as photos, batteries, cups, charts, and other packing solutions [1]

  • Market Cap 1,780 Cr.
  • Current Price 448
  • High / Low 510 / 280
  • Stock P/E 3.34
  • Book Value 398
  • Dividend Yield 1.68 %
  • ROCE 51.9 %
  • ROE 39.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.13 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 42.4% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last 3 years: -20.0%
  • Working capital days have increased from 80.5 days to 140 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: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
280 121 155 249 362 258 349 346 426 452 485 571 590
214 134 156 233 303 217 314 284 344 328 339 334 362
Operating Profit 66 -13 -2 16 60 42 35 62 82 124 146 237 229
OPM % 23% -11% -1% 7% 16% 16% 10% 18% 19% 27% 30% 41% 39%
5 -1 4 4 4 12 9 7 16 9 13 16 -2
Interest 1 1 1 1 2 1 1 1 2 1 1 1 3
Depreciation 19 19 18 18 18 18 18 18 18 17 15 16 16
Profit before tax 50 -34 -17 1 45 35 25 50 78 114 143 236 208
Tax % -87% 27% 6% -638% 27% 26% 26% 26% 26% 26% 20% 28% 26%
Net Profit 93 -25 -16 4 32 26 19 37 57 85 113 170 154
EPS in Rs 23.36 -6.31 -4.01 1.02 8.13 6.57 4.74 9.37 14.45 21.36 28.52 42.79 38.70
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
595 1,230 1,092 1,163 1,124 1,172 1,264 1,427 1,270 887 1,380 2,098
528 1,115 1,030 1,068 992 1,002 1,038 1,047 965 826 1,156 1,363
Operating Profit 67 116 61 95 131 170 226 380 304 61 224 735
OPM % 11% 9% 6% 8% 12% 15% 18% 27% 24% 7% 16% 35%
6 7 13 12 39 -22 -7 7 13 11 42 37
Interest 36 55 43 45 40 34 26 9 5 5 5 7
Depreciation 51 88 87 69 73 70 66 68 76 73 72 63
Profit before tax -13 -21 -56 -6 56 44 126 311 236 -6 188 701
Tax % -643% -14% 26% 104% 35% 27% 34% 36% 10% 26% 26% 25%
Net Profit -98 -24 -42 0 37 32 83 200 213 -5 140 522
EPS in Rs -24.59 -5.96 -10.46 0.06 9.28 8.15 20.89 50.31 53.54 -1.16 35.13 131.37
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% -432% 21% 10%
Compounded Sales Growth
10 Years: 5%
5 Years: 11%
3 Years: 18%
TTM: 52%
Compounded Profit Growth
10 Years: 47%
5 Years: 42%
3 Years: 36%
TTM: 279%
Stock Price CAGR
10 Years: 6%
5 Years: 6%
3 Years: 36%
1 Year: 37%
Return on Equity
10 Years: 17%
5 Years: 22%
3 Years: 20%
Last Year: 40%

Balance Sheet

Figures in Rs. Crores

Dec 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
40 40 40 40 40 40 40 40 40 40 40 40
Reserves 441 417 375 374 411 438 524 724 936 935 1,054 1,542
478 449 564 502 477 359 208 15 9 44 59 55
299 302 336 330 340 317 325 407 336 313 345 368
Total Liabilities 1,257 1,208 1,315 1,246 1,268 1,155 1,097 1,186 1,321 1,333 1,498 2,005
807 821 877 833 820 798 742 707 680 619 585 577
CWIP 61 22 10 16 17 3 4 8 2 9 8 29
Investments 16 16 15 15 15 10 15 16 44 219 383 887
373 348 413 382 415 344 336 455 595 486 523 512
Total Assets 1,257 1,208 1,315 1,246 1,268 1,155 1,097 1,186 1,321 1,333 1,498 2,005

Cash Flows

Figures in Rs. Crores

Dec 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
70 174 20 128 111 172 215 310 177 104 202 536
-37 -90 -89 -31 -38 -29 -31 -110 -167 -114 -181 -499
-30 -90 68 -108 -67 -145 -175 -201 -11 11 -12 -41
Net Cash Flow 2 -5 -0 -11 6 -3 9 -1 -0 1 9 -4

Ratios

Figures in Rs. Crores

Dec 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 22 14 20 20 23 21 20 19 12 31 27 26
Inventory Days 685 114 172 141 151 131 113 120 216 169 109 77
Days Payable 395 82 121 110 110 99 97 130 125 134 122 87
Cash Conversion Cycle 311 46 71 52 64 54 37 8 102 66 14 16
Working Capital Days 16 -1 14 -28 28 -20 8 18 43 57 44 140
ROCE % 2% 5% -1% 4% 7% 12% 21% 42% 27% 0% 18% 52%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
75.00 72.20 72.20 72.20 72.20 72.20 72.20 72.20 72.20 72.24 72.24 72.24
0.11 0.07 0.03 0.03 0.00 0.00 0.00 0.19 0.26 0.93 0.99 1.28
8.47 11.43 12.14 12.74 12.90 12.26 11.67 9.17 8.84 7.18 6.75 6.29
16.43 16.31 15.63 15.03 14.90 15.54 16.13 18.44 18.70 19.67 20.03 20.20

* 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.

Click on the line-items to see the names of individual entities.

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