Cool Caps Industries Ltd
Cool Caps Industries Ltd. (CCIL) manufactures a wide range of Plastic Bottle Caps and closures which includes plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps, and plastic juice bottle caps. It also manufactures embossed, debossed, and printed closures as per client specifications.[1]
- Market Cap ₹ 601 Cr.
- Current Price ₹ 520
- High / Low ₹ 640 / 168
- Stock P/E 83.5
- Book Value ₹ 31.2
- Dividend Yield 0.00 %
- ROCE 14.2 %
- ROE 17.2 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 76.9 to 37.4 days.
- Company's working capital requirements have reduced from 169 days to 69.3 days
Cons
- Stock is trading at 16.7 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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: Plastic products Industry: Plastics Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|
| 31 | 53 | 182 | 190 | |
| 24 | 45 | 168 | 173 | |
| Operating Profit | 7 | 8 | 14 | 17 |
| OPM % | 23% | 14% | 8% | 9% |
| 2 | 1 | 1 | 0 | |
| Interest | 2 | 2 | 5 | 5 |
| Depreciation | 1 | 2 | 3 | 3 |
| Profit before tax | 5 | 5 | 8 | 8 |
| Tax % | 15% | 28% | 27% | |
| 5 | 4 | 6 | 6 | |
| EPS in Rs | 5.38 | 3.09 | 4.94 | 5.14 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 243% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 178% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 8 | 12 | 12 | |
| Reserves | 8 | 19 | 24 |
| 27 | 38 | 70 | |
| 6 | 8 | 29 | |
| Total Liabilities | 50 | 76 | 136 |
| 25 | 27 | 46 | |
| CWIP | 2 | 4 | 24 |
| Investments | 0 | 0 | 0 |
| 22 | 45 | 66 | |
| Total Assets | 50 | 76 | 136 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 3 | -1 | 9 | |
| -7 | -17 | -37 | |
| 3 | 19 | 28 | |
| Net Cash Flow | -0 | 1 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 111 | 82 | 37 |
| Inventory Days | 116 | 118 | 54 |
| Days Payable | 71 | 39 | 47 |
| Cash Conversion Cycle | 156 | 160 | 45 |
| Working Capital Days | 184 | 255 | 69 |
| ROCE % | 13% | 14% |
Product Range:[1]
A) Flexible packaging
• PET, BOPP, CPP, LDPE Film
• Slitting facilities available to provide customized sizes
• Inks
• Adhesives
B) Rigid Packaging
• Mineral water 27 mm Alaska caps
• CSD 2 pc caps
• 20-liter jar caps
Manufacturing Facilities[2] Co. is one of the leading manufacturers of pet bottle caps of various shapes, sizes, and colors along with cap handle having plentiful applications.
Company has 3 manufacturing units – Unit 1 in Howrah, West Bengal for manufacturing of Plastic Caps & Closures; Units 2 &3 in Kotdwar, Uttarakhand for manufacturing of Plastic Caps & Closures, Preforms, and Handles. They have installed 4 Windsor machines with ~250 tons of monthly LDPE capacity.