Emami Paper Mills Ltd

₹ 140 2.20%
01 Jul - close price
About

Emami Paper Mills Limited is engaged in production of Newsprint, Writing & Printing Paper and Multilayer Coated High-end Packaging Boards. [1]

Key Points

Products
The co has a diversified portfolio of paper products with presence in Newsprint (NP), Printing & Writing Paper (PWP), Kraft Paper (KP) and paper board.
The co offers superior quality of paper in a grammage range of 40 to 450GSM (Grams Per Square meter). They also manufacture finest quality Recycled Virgin Top Gray Back board – Emami EcoStrong, Folding Box Board- Emami MaxoFold, Coated Bleached Board – Emami GlamKot and White Top Kraft Liner in the grammage range of 170 to 450 GSM. [1][2]

  • Market Cap 844 Cr.
  • Current Price 140
  • High / Low 215 / 113
  • Stock P/E 7.08
  • Book Value 108
  • Dividend Yield 0.00 %
  • ROCE 16.8 %
  • ROE 20.0 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 47.09% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 11.42% over past five years.
  • Company has a low return on equity of 6.63% for 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.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
354 378 406 375 206 285 314 411 429 441 519 569
310 331 333 332 172 238 269 344 348 374 448 474
Operating Profit 44 47 73 42 34 47 44 68 81 67 71 95
OPM % 12% 12% 18% 11% 17% 16% 14% 16% 19% 15% 14% 17%
3 2 1 -26 0 1 2 74 0 0 1 -6
Interest 26 26 24 40 27 24 23 21 20 19 23 20
Depreciation 17 18 18 19 18 18 18 18 18 18 18 21
Profit before tax 3 4 31 -43 -11 6 5 102 44 31 31 48
Tax % 68% 74% 41% 28% 33% -34% 42% 54% 27% 25% 25% 24%
Net Profit 1 1 18 -31 -7 8 3 47 32 23 23 37
EPS in Rs 0.17 0.18 3.06 -5.13 -1.20 1.34 0.48 7.81 5.29 3.79 3.84 6.06

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
430 495 510 547 521 539 1,140 1,356 1,538 1,515 1,216 1,958
364 432 438 476 470 491 1,012 1,195 1,300 1,307 1,038 1,644
Operating Profit 66 64 72 70 51 47 128 161 239 209 178 314
OPM % 15% 13% 14% 13% 10% 9% 11% 12% 16% 14% 15% 16%
6 6 2 3 8 6 24 11 4 -23 92 -4
Interest 27 31 30 19 15 16 70 84 107 117 95 82
Depreciation 27 27 30 32 27 27 56 64 69 73 72 74
Profit before tax 18 12 13 23 17 11 26 24 66 -5 103 153
Tax % 23% 28% 11% 20% 30% -158% 27% 32% 34% -131% 50% 25%
Net Profit 14 8 12 19 12 28 19 16 44 -10 51 115
EPS in Rs 2.29 1.37 1.91 3.08 2.01 4.61 3.15 2.71 7.27 -1.73 8.44 18.98
Dividend Payout % 26% 44% 31% 20% 30% 13% 19% 44% 16% -0% -0% 8%
Compounded Sales Growth
10 Years: 15%
5 Years: 11%
3 Years: 8%
TTM: 61%
Compounded Profit Growth
10 Years: 31%
5 Years: 47%
3 Years: 40%
TTM: 730%
Stock Price CAGR
10 Years: 17%
5 Years: 3%
3 Years: 14%
1 Year: -10%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 7%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
12 12 32 55 73 73 12 301 311 322 256 12
Reserves 157 161 228 306 359 376 222 231 246 207 284 641
385 510 472 556 835 1,074 1,392 1,242 1,249 1,091 908 786
55 60 86 123 203 196 186 480 604 608 584 340
Total Liabilities 609 743 798 997 1,409 1,658 1,812 1,964 2,111 1,918 1,788 1,779
386 442 437 452 448 1,195 1,220 1,282 1,297 1,298 1,225 1,162
CWIP 10 70 89 167 620 5 5 9 103 1 0 31
Investments 1 1 1 1 1 1 56 56 44 24 54 49
212 231 272 377 341 458 532 618 667 595 509 538
Total Assets 609 743 798 997 1,409 1,658 1,812 1,964 2,111 1,918 1,788 1,779

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
73 58 88 95 38 -80 -15 69 275 313 246 329
-14 -109 -24 -116 -419 -102 -60 -124 -157 31 -7 -34
-60 70 -12 110 307 167 30 39 -123 -335 -246 -307
Net Cash Flow -1 19 52 90 -74 -14 -45 -16 -4 10 -7 -12

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 60 37 34 31 31 70 48 60 50 50 60 41
Inventory Days 110 100 97 87 136 192 117 111 133 111 108 66
Days Payable 12 12 18 30 83 84 42 36 75 76 88 46
Cash Conversion Cycle 159 125 113 87 84 178 123 135 107 86 80 60
Working Capital Days 72 40 31 27 24 89 77 82 58 44 14 61
ROCE % 8% 7% 6% 5% 2% 2% 6% 6% 10% 8% 8% 17%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97
0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50
6.92 6.89 6.89 6.78 6.78 6.72 6.68 6.68 6.64 4.42 4.42 4.29
17.60 17.63 17.63 17.75 17.75 17.81 17.84 17.84 17.89 20.11 20.11 20.24

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