Andhra Paper Ltd

Andhra Paper Ltd

₹ 526 -1.19%
04 Mar 4:01 p.m.
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 2,099 Cr.
  • Current Price 526
  • High / Low 675 / 391
  • Stock P/E 4.50
  • Book Value 442
  • Dividend Yield 2.37 %
  • ROCE 52.0 %
  • ROE 40.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.19 times its book value
  • Company has delivered good profit growth of 42.4% CAGR over last 5 years
  • Company's working capital requirements have reduced from 39.2 days to 16.6 days

Cons

* 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
249 362 258 349 346 426 452 485 571 590 478 482 477
233 303 217 314 284 344 328 339 334 362 323 351 367
Operating Profit 16 60 42 35 62 82 124 146 237 229 155 131 110
OPM % 7% 16% 16% 10% 18% 19% 27% 30% 41% 39% 32% 27% 23%
4 4 12 9 7 16 9 13 16 -2 22 21 24
Interest 1 2 1 1 1 2 1 1 1 3 1 1 1
Depreciation 18 18 18 18 18 18 17 15 16 16 16 17 17
Profit before tax 1 45 35 25 50 78 114 143 236 208 159 135 116
Tax % -638% 27% 26% 26% 26% 26% 26% 20% 28% 26% 26% 25% 29%
4 32 26 19 37 57 85 113 170 154 119 100 82
EPS in Rs 1.02 8.13 6.57 4.74 9.37 14.45 21.36 28.52 42.79 38.70 29.81 25.22 20.74
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 TTM
595 1,230 1,092 1,163 1,124 1,172 1,264 1,427 1,270 887 1,380 2,098 2,026
528 1,115 1,030 1,068 992 1,002 1,038 1,047 965 826 1,156 1,359 1,402
Operating Profit 67 116 61 95 131 170 226 380 304 61 224 738 624
OPM % 11% 9% 6% 8% 12% 15% 18% 27% 24% 7% 16% 35% 31%
6 7 13 12 39 -22 -7 7 13 11 42 33 65
Interest 36 55 43 45 40 34 26 9 5 5 5 7 7
Depreciation 51 88 87 69 73 70 66 68 76 73 72 63 65
Profit before tax -13 -21 -56 -6 56 44 126 311 236 -6 188 701 618
Tax % -643% -14% 26% 104% 35% 27% 34% 36% 10% 26% 26% 25%
-98 -24 -42 0 37 32 83 200 213 -5 140 522 455
EPS in Rs -24.59 -5.96 -10.46 0.06 9.28 8.15 20.89 50.31 53.54 -1.16 35.13 131.37 114.47
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: 5%
Compounded Profit Growth
10 Years: 47%
5 Years: 42%
3 Years: 36%
TTM: 9%
Stock Price CAGR
10 Years: 8%
5 Years: 2%
3 Years: 28%
1 Year: 23%
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 Sep 2023
Equity Capital 40 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 1,718
478 449 564 502 477 359 208 15 9 44 59 55 14
299 302 336 330 340 317 325 407 336 313 345 367 447
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 2,219
807 821 877 833 820 798 742 707 680 619 585 577 594
CWIP 61 22 10 16 17 3 4 8 2 9 8 29 38
Investments 16 16 15 15 15 10 15 16 44 219 383 887 1,079
373 348 413 382 415 344 336 455 595 486 523 512 508
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 2,219

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 -498
-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 -3

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 80 77
Days Payable 395 82 121 110 110 99 97 130 125 134 89 87
Cash Conversion Cycle 311 46 71 52 64 54 37 8 102 66 17 16
Working Capital Days 16 -1 14 -28 28 -20 8 18 43 57 44 17
ROCE % 5% -1% 4% 7% 12% 21% 42% 27% 0% 18% 52%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.24% 72.24% 72.24% 72.31% 72.31% 72.31%
0.03% 0.00% 0.00% 0.00% 0.19% 0.26% 0.93% 0.99% 1.28% 1.97% 2.65% 2.62%
12.74% 12.90% 12.26% 11.67% 9.17% 8.84% 7.18% 6.75% 6.29% 5.13% 2.55% 2.21%
15.03% 14.90% 15.54% 16.13% 18.44% 18.70% 19.67% 20.03% 20.20% 20.59% 22.47% 22.85%
No. of Shareholders 15,91315,36516,09815,05214,24815,55117,85918,91119,75622,60727,44534,601

* 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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