Epack Durable Ltd

Epack Durable Ltd

₹ 257 -0.14%
15 Jul 1:32 p.m.
About

Incorporated in 2019, EPACK Durable Limited is an Original Design Manufacturer (ODM) of room air conditioners (RAC).[1]

Key Points

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.

  • Market Cap 2,462 Cr.
  • Current Price 257
  • High / Low 270 / 151
  • Stock P/E 69.6
  • Book Value 93.1
  • Dividend Yield 0.00 %
  • ROCE 8.33 %
  • ROE 5.87 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 103 to 54.6 days.

Cons

  • Stock is trading at 2.76 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -50.3%
  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024
276 639 178 279 526
272 578 171 256 471
Operating Profit 4 61 7 23 55
OPM % 1% 10% 4% 8% 10%
0 1 1 2 6
Interest 7 9 8 10 11
Depreciation 6 7 8 9 11
Profit before tax -9 46 -8 7 39
Tax % 27% 27% 27% 27% 28%
-6 33 -6 5 28
EPS in Rs -1.20 6.40 -1.17 0.62 2.91
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
736 924 1,539 1,420
694 855 1,437 1,305
Operating Profit 42 69 102 115
OPM % 6% 7% 7% 8%
3 3 -0 9
Interest 26 29 31 39
Depreciation 9 16 26 35
Profit before tax 11 26 44 49
Tax % 28% 34% 27% 28%
8 17 32 35
EPS in Rs 1.62 3.35 6.14 3.69
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
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%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2024
48.11%
1.30%
18.17%
32.41%
No. of Shareholders 1,37,062

* 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.

Documents