Ester Industries Ltd

Ester Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ester Industries Ltd

₹ 125 -1.30%
04 Jul - close price
esterindustries.com BSE: 500136 NSE: ESTER
About

Ester is backed by 30 years of industry expertise in Industries Limited is into manufacturing Polyester Films, Polyster Chips, Specialty Polymers and Engineering Plastic compounds. The company is headquartered in the National Capital Region of India (Gurgaon). The company serves varying markets like food packaging, processed food, fresh food, food on the go, shelf stable, ready to eat, liquids, beverage packaging, beverage packaging, home and personal care, industrial packaging, constructions, automotive, optical fibre cable.
[1]

Key Points

Business Segments
1) Polyester Chips & Films (87% in 9M FY25 vs 84% in FY22): [1] [2] The company manufactures polyester films like White opaque, High barrier, Heat saleable, Shrink film, Metalized High barrier, Matte, etc used in Flexible Packaging, Barrier Packaging, Embossing, Lidding, and Label & Graphics, etc. The share of value-added products grew from 22% in FY22 to 31% in Q3 FY25. [3] [4] [5]

Website BSE NSE
  • Market Cap ₹ 1,222 Cr.
  • Current Price ₹ 125
  • High / Low ₹ 178 / 104
  • Stock P/E 30.2
  • Book Value ₹ 96.6
  • Dividend Yield 0.00 %
  • ROCE 7.52 %
  • ROE 4.67 %
  • Face Value ₹ 5.00
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Pros

Cons

  • The company has delivered a poor sales growth of 0.60% over past five years.
  • Company has a low return on equity of 6.21% over last 3 years.
  • Contingent liabilities of Rs.525 Cr.
  • Dividend payout has been low at 0.86% of profits over 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

Industrials Capital Goods Industrial Products Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
303 324 304 197 252 198 238 204 216 240 298 275 258
253 265 278 198 237 194 241 212 211 227 266 233 225
Operating Profit 50 60 26 -2 16 4 -4 -8 4 13 32 42 33
OPM % 17% 18% 9% -1% 6% 2% -2% -4% 2% 5% 11% 15% 13%
11 10 123 8 3 8 6 7 4 4 4 3 3
Interest 9 7 8 8 8 9 10 9 9 9 10 8 9
Depreciation 9 10 10 10 10 10 10 11 11 11 11 11 11
Profit before tax 43 54 132 -11 1 -7 -17 -21 -12 -3 15 25 17
Tax % 25% 22% 4% -23% -178% -22% -26% -24% -23% -21% 24% 26% 26%
33 42 127 -9 3 -5 -13 -16 -9 -2 12 19 12
EPS in Rs 3.92 5.05 15.22 -1.06 0.35 -0.63 -1.53 -1.93 -0.97 -0.22 1.24 1.98 1.31
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
928 895 768 703 807 1,028 1,039 992 1,110 1,077 855 1,070
853 823 696 660 740 919 848 756 937 977 858 951
Operating Profit 74 72 72 43 66 109 191 236 173 101 -3 119
OPM % 8% 8% 9% 6% 8% 11% 18% 24% 16% 9% -0% 11%
5 2 3 6 5 5 7 8 60 142 25 14
Interest 35 37 36 33 33 34 24 19 25 30 37 36
Depreciation 30 32 32 32 31 32 35 35 37 39 43 43
Profit before tax 14 5 7 -16 7 47 139 190 171 173 -57 55
Tax % 41% 21% 33% -33% 29% 34% 28% 25% 19% 7% -24% 26%
8 4 5 -11 5 31 100 142 139 161 -43 41
EPS in Rs 1.34 0.61 0.55 -1.28 0.63 3.73 11.93 17.04 16.65 19.31 -4.61 4.31
Dividend Payout % 37% 0% 0% 0% 0% 13% 21% 20% 20% 3% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 1%
3 Years: -1%
TTM: 25%
Compounded Profit Growth
10 Years: 25%
5 Years: -17%
3 Years: -34%
TTM: 174%
Stock Price CAGR
10 Years: 16%
5 Years: 18%
3 Years: 0%
1 Year: 3%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 6%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 31 31 42 42 42 42 42 42 42 42 47 47
Reserves 233 242 252 235 242 273 366 475 587 733 779 861
363 376 316 310 307 248 156 208 320 386 367 300
72 66 80 94 114 103 127 139 153 116 99 107
Total Liabilities 699 715 689 681 704 665 691 864 1,101 1,276 1,292 1,316
390 399 385 416 399 387 364 377 388 371 397 406
CWIP 18 12 23 2 1 3 23 22 19 78 82 39
Investments 0 0 0 0 0 0 0 98 181 424 442 510
291 304 280 263 304 275 304 367 513 403 371 360
Total Assets 699 715 689 681 704 665 691 864 1,101 1,276 1,292 1,316

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
52 68 81 50 51 117 172 151 79 138 66 80
-57 -36 -20 -11 -15 -23 -51 -154 -122 -156 -37 -103
-2 -18 -75 -38 -36 -94 -120 3 65 24 43 -54
Net Cash Flow -7 14 -14 -0 -0 -0 0 0 23 5 72 -77

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 49 48 53 60 67 44 43 56 64 46 46 45
Inventory Days 69 74 96 92 77 65 65 98 110 73 69 69
Days Payable 11 11 18 15 26 12 19 27 34 14 22 18
Cash Conversion Cycle 106 111 131 137 118 97 88 126 140 106 93 96
Working Capital Days 78 78 87 88 85 70 66 92 118 85 80 97
ROCE % 8% 7% 7% 3% 7% 14% 29% 32% 17% 7% -3% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Apr 2025
64.04% 64.04% 64.04% 64.04% 64.04% 64.04% 62.45% 62.45% 62.40% 62.40% 62.40% 62.73%
0.26% 0.25% 0.32% 0.16% 0.04% 0.03% 0.04% 0.03% 0.10% 0.04% 0.08% 0.06%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.44% 0.01% 0.01% 0.01%
35.68% 35.69% 35.62% 35.78% 35.91% 35.92% 37.50% 37.49% 37.06% 37.55% 37.51% 37.20%
No. of Shareholders 36,67439,66140,80240,44541,56441,44741,42837,80338,29138,64037,77238,092

* 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.

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