Ester Industries Ltd
Ester Industries is a manufacturer of polyester film and engineering plastics.(Source : 201903 Annual Report Page No: 56)
- Market Cap: 249.35 Cr.
- Current Price: 29.90
- 52 weeks High / Low 41.85 / 22.50
- Book Value: 42.24
- Stock P/E: 4.18
- Dividend Yield: 1.67 %
- ROCE: 14.30 %
- ROE: 10.52 %
- Sales Growth (3Yrs): 10.20 %
- Listed on BSE and NSE
- Company Website
- Face Value: 5.00
Pros:
Company has reduced debt.
Stock is trading at 0.71 times its book value
Company has good consistent profit growth of 30.44% over 5 years
Debtor days have improved from 56.97 to 43.60 days.
Cons:
The company has delivered a poor growth of 2.08% over past five years.
Company has a low return on equity of 3.11% for last 3 years.
Company's cost of borrowing seems high
Peer Comparison Sector: Packaging // Industry: Packaging
Loading peers table ...
Quarterly Results Standalone Figures in Rs. Crores / View Consolidated
Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
177 | 197 | 187 | 197 | 202 | 220 | 227 | 276 | 270 | 255 | 284 | 254 | |
167 | 184 | 173 | 183 | 188 | 197 | 201 | 251 | 242 | 226 | 232 | 210 | |
Operating Profit | 10 | 13 | 15 | 14 | 14 | 23 | 26 | 26 | 28 | 29 | 52 | 44 |
OPM % | 6% | 7% | 8% | 7% | 7% | 10% | 11% | 9% | 10% | 11% | 18% | 17% |
Other Income | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 2 | 2 | 2 |
Interest | 9 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 8 | 7 | 7 |
Depreciation | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 |
Profit before tax | -5 | -1 | -0 | -1 | 1 | 8 | 10 | 10 | 12 | 15 | 38 | 31 |
Tax % | 31% | 45% | 35% | 25% | 19% | 30% | 28% | 28% | 28% | 47% | 36% | 37% |
Net Profit | -4 | -1 | -0 | -1 | 0 | 6 | 7 | 7 | 8 | 8 | 24 | 19 |
EPS in Rs | -0.42 | -0.07 | -0.02 | -0.08 | 0.06 | 0.67 | 0.89 | 0.87 | 1.00 | 0.97 | 2.87 | 2.31 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss Standalone Figures in Rs. Crores / View Consolidated
Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
318 | 372 | 394 | 671 | 698 | 884 | 928 | 895 | 768 | 703 | 807 | 1,028 | 1,063 | |
280 | 301 | 333 | 448 | 663 | 842 | 853 | 823 | 696 | 660 | 740 | 919 | 911 | |
Operating Profit | 38 | 71 | 61 | 223 | 35 | 42 | 74 | 72 | 72 | 43 | 66 | 109 | 153 |
OPM % | 12% | 19% | 15% | 33% | 5% | 5% | 8% | 8% | 9% | 6% | 8% | 11% | 14% |
Other Income | 2 | 0 | 1 | 1 | 6 | 5 | 5 | 2 | 3 | 6 | 5 | 5 | 7 |
Interest | 13 | 10 | 6 | 13 | 35 | 26 | 35 | 37 | 36 | 33 | 33 | 34 | 31 |
Depreciation | 14 | 13 | 14 | 18 | 27 | 29 | 30 | 32 | 32 | 32 | 31 | 32 | 34 |
Profit before tax | 12 | 48 | 41 | 193 | -21 | -8 | 14 | 5 | 7 | -16 | 7 | 47 | 95 |
Tax % | 20% | 30% | 33% | 33% | 34% | 33% | 41% | 21% | 33% | 33% | 29% | 34% | |
Net Profit | 10 | 33 | 28 | 129 | -14 | -5 | 8 | 4 | 5 | -11 | 5 | 31 | 60 |
EPS in Rs | 4.26 | 19.93 | 0.00 | 0.00 | 1.25 | 0.61 | 0.55 | 0.00 | 0.63 | 3.73 | 7.15 | ||
Dividend Payout % | 28% | 8% | 23% | 19% | -0% | -0% | 37% | 0% | 0% | -0% | 0% | 13% |
* Sales is net of excise duty and discounts
Compounded Sales Growth | |
---|---|
10 Years: | 10.71% |
5 Years: | 2.08% |
3 Years: | 10.20% |
TTM: | 14.91% |
Compounded Profit Growth | |
---|---|
10 Years: | -0.58% |
5 Years: | 30.44% |
3 Years: | 82.42% |
TTM: | 186.86% |
Stock Price CAGR | |
---|---|
10 Years: | 3.97% |
5 Years: | 8.21% |
3 Years: | -9.17% |
1 Year: | -15.66% |
Return on Equity | |
---|---|
10 Years: | 7.11% |
5 Years: | 2.58% |
3 Years: | 3.11% |
Last Year: | 10.52% |
Balance Sheet Standalone Figures in Rs. Crores / View Consolidated
Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
31 | 28 | 31 | 31 | 31 | 31 | 31 | 31 | 42 | 42 | 46 | 46 | 42 | |
Reserves | 83 | 113 | 147 | 247 | 233 | 227 | 233 | 236 | 252 | 235 | 242 | 273 | 311 |
Borrowings | 98 | 53 | 54 | 223 | 304 | 335 | 363 | 376 | 316 | 310 | 303 | 243 | 166 |
41 | 52 | 73 | 125 | 74 | 83 | 89 | 88 | 96 | 124 | 150 | 135 | 157 | |
Total Liabilities | 250 | 247 | 306 | 626 | 642 | 676 | 716 | 732 | 705 | 712 | 736 | 693 | 675 |
140 | 140 | 136 | 363 | 350 | 376 | 390 | 399 | 385 | 416 | 399 | 387 | 379 | |
CWIP | 2 | 0 | 37 | 5 | 17 | 5 | 18 | 12 | 23 | 2 | 1 | 3 | 4 |
Investments | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
107 | 106 | 133 | 258 | 274 | 296 | 308 | 320 | 297 | 294 | 336 | 303 | 292 | |
Total Assets | 250 | 247 | 306 | 626 | 642 | 676 | 716 | 732 | 705 | 712 | 736 | 693 | 675 |
Cash Flows Standalone Figures in Rs. Crores / View Consolidated
Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
28 | 66 | 46 | 83 | 47 | 23 | 52 | 68 | 81 | 50 | 51 | 117 | |
-11 | -5 | -54 | -222 | -35 | -27 | -57 | -36 | -20 | -11 | -15 | -23 | |
-16 | -60 | 10 | 140 | -9 | 4 | -2 | -18 | -75 | -38 | -36 | -94 | |
Net Cash Flow | 1 | 1 | 2 | 1 | 3 | -0 | -7 | 14 | -14 | -0 | -0 | -0 |
Ratios Standalone Figures in Rs. Crores / View Consolidated
Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 12% | 29% | 22% | 56% | 3% | 3% | 8% | 7% | 7% | 3% | 7% | 14% |
Debtor Days | 51 | 38 | 47 | 66 | 44 | 45 | 49 | 48 | 53 | 60 | 67 | 44 |
Inventory Turnover | 11.35 | 12.13 | 11.57 | 11.82 | 7.81 | 7.79 | 7.52 | 7.11 | 6.00 | 5.73 | 6.97 | 8.59 |
Recent Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Dec. 10, 2019
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 Dec. 5, 2019
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Dec. 5, 2019
- Disclosure Of Related Party Transactions For The Half Year Ended On 30Th September, 2019 Nov. 26, 2019
- Announcement under Regulation 30 (LODR)-Press Release / Media Release Nov. 14, 2019
Annual Reports
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2012 from nse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
Credit Ratings
- Ester Industries Limited: Ratings withdrawn icra
- Ester Industries Limited- Ratings reaffirmed; Outlook revised to Stable icra
- ICRA reaffirms the ratings for the bank facilities of Ester Industries Limited at [ICRA]BBB-/[ICRA]A3; Outlook on the rating revised to “Negative” from “Stable” icra
- Ratings revised to [ICRA]BBB- and [ICRA]A3 for the bank lines of Ester Industries Limited icra
- Ratings of [ICRA]BBB (Stable) and [ICRA]A3+ reaffirmed for the bank lines of Ester Industries Limited icra
- ICRA revises the outlook on Ester Industries Limited’s long term ratings to “Stable” from “Negative” Ratings of [ICRA]BBB/[ICRA]A3+ reaffirmed for bank lines icra