Epack Durable Ltd
Incorporated in 2019, EPACK Durable Limited is an Original Design Manufacturer (ODM) of room air conditioners (RAC).[1]
- Market Cap ₹ 4,317 Cr.
- Current Price ₹ 450
- High / Low ₹ 450 / 151
- Stock P/E 86.3
- Book Value ₹ 93.1
- Dividend Yield 0.00 %
- ROCE 8.32 %
- ROE 5.85 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 103 to 54.6 days.
Cons
- Stock is trading at 4.83 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.39% over last 3 years.
- Working capital days have increased from 70.1 days to 110 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: Consumer Durables Industry: Air-conditioners
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|
736 | 924 | 1,539 | 1,420 | 1,757 | |
694 | 855 | 1,437 | 1,305 | 1,619 | |
Operating Profit | 42 | 69 | 102 | 115 | 137 |
OPM % | 6% | 7% | 7% | 8% | 8% |
3 | 3 | -0 | 9 | 14 | |
Interest | 26 | 29 | 31 | 39 | 43 |
Depreciation | 9 | 16 | 26 | 35 | 39 |
Profit before tax | 11 | 26 | 44 | 49 | 69 |
Tax % | 28% | 34% | 27% | 28% | |
8 | 17 | 32 | 35 | 50 | |
EPS in Rs | 1.62 | 3.35 | 6.14 | 3.69 | 4.80 |
Dividend Payout % | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 24% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 66% |
TTM: | 7% |
Stock Price CAGR | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 9% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
Equity Capital | 48 | 52 | 52 | 96 |
Reserves | 21 | 70 | 262 | 796 |
262 | 415 | 525 | 386 | |
189 | 539 | 626 | 489 | |
Total Liabilities | 520 | 1,077 | 1,464 | 1,768 |
116 | 327 | 419 | 678 | |
CWIP | 0 | 8 | 92 | 27 |
Investments | 0 | 3 | 5 | 9 |
404 | 738 | 949 | 1,054 | |
Total Assets | 520 | 1,077 | 1,464 | 1,768 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
47 | -29 | 19 | 257 | |
-7 | -204 | -218 | -377 | |
-43 | 254 | 235 | 167 | |
Net Cash Flow | -2 | 20 | 36 | 47 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
Debtor Days | 116 | 141 | 114 | 55 |
Inventory Days | 79 | 127 | 81 | 116 |
Days Payable | 85 | 153 | 107 | 127 |
Cash Conversion Cycle | 110 | 115 | 87 | 43 |
Working Capital Days | 103 | 56 | 44 | 110 |
ROCE % | 13% | 11% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Schedule of Investors/Analysts meeting on October 25, 2024.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
21 Oct - Hisense partners with EPACK for manufacturing appliances in India.
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Announcement Under Regulation 30- For Manufacturing Tie-Up With Hisense International Singapore Holding Pte. Limited
21 Oct - Agreement for manufacturing tie-up with Hisense for appliances.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Oct - Certificate under Regulation 74(5) for Q3 2024.
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Announcement Under Regulation 30 (LODR) - Arrangement Of Manufacturing Tie-Up
3 Oct - EPACK Durable enters manufacturing tie-up with Panasonic for RAC components.
Concalls
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Jul 2024Transcript PPT
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Jun 2024Transcript PPT
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Apr 2024TranscriptNotesPPT
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Apr 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
Leading Manufacturer of Air Conditioner[1] EPACK Durable Ltd is the 2nd largest room air conditioner Original Design Manufacturer (ODM) in India in terms of number of units, specializing in room air conditioners (RAC) and related components. It has 24% market share in domestically manufactured units by ODM in FY23.