Ester Industries Ltd

Ester Industries is a manufacturer of polyester film and engineering plastics.(Source : 201903 Annual Report Page No: 56)

  • Market Cap: 613.36 Cr.
  • Current Price: 73.55
  • 52 weeks High / Low 83.45 / 22.35
  • Book Value: 49.55
  • Stock P/E: 5.85
  • Dividend Yield: 3.40 %
  • ROCE: 29.25 %
  • ROE: 27.52 %
  • Sales Growth (3Yrs): 13.89 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 5.00
Edit ratios
Pros:
Company has reduced debt.
Stock is providing a good dividend yield of 3.40%.
Company has delivered good profit growth of 88.26% CAGR over last 5 years
Cons:
The company has delivered a poor growth of 3.03% over past five years.

Peer comparison Sector: Packaging // Industry: Packaging

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
197 202 220 227 276 270 255 284 254 246 254 189
183 188 197 201 251 242 226 232 210 204 203 138
Operating Profit 14 14 23 26 26 28 29 52 44 43 51 50
OPM % 7% 7% 10% 11% 9% 10% 11% 18% 17% 17% 20% 27%
Other Income 1 2 1 1 2 1 2 2 2 2 3 2
Interest 8 8 8 9 9 9 8 7 7 5 5 4
Depreciation 8 8 8 8 8 8 8 9 9 9 9 9
Profit before tax -1 1 8 10 10 12 15 38 31 31 40 39
Tax % 25% 19% 30% 28% 28% 28% 47% 36% 37% 37% 7% 25%
Net Profit -1 0 6 7 7 8 8 24 19 19 37 29
EPS in Rs -0.08 0.06 0.67 0.89 0.87 1.00 0.97 2.87 2.31 2.33 4.43 3.52
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
372 394 671 698 884 928 895 768 703 807 1,028 1,039 943
301 333 448 663 842 853 823 696 660 740 919 848 755
Operating Profit 71 61 223 35 42 74 72 72 43 66 109 191 188
OPM % 19% 15% 33% 5% 5% 8% 8% 9% 6% 8% 11% 18% 20%
Other Income 0 1 1 6 5 5 2 3 6 5 5 7 9
Interest 10 6 13 35 26 35 37 36 33 33 34 24 21
Depreciation 13 14 18 27 29 30 32 32 32 31 32 35 36
Profit before tax 48 41 193 -21 -8 14 5 7 -16 7 47 139 140
Tax % 30% 33% 33% 34% 33% 41% 21% 33% 33% 29% 34% 28%
Net Profit 33 28 129 -14 -5 8 4 5 -11 5 31 100 105
EPS in Rs 4.26 19.93 0.00 0.00 1.25 0.61 0.55 0.00 0.63 3.73 11.93 12.59
Dividend Payout % 8% 23% 19% 0% 0% 37% 0% 0% 0% 0% 13% 21%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.17%
5 Years:3.03%
3 Years:13.89%
TTM:-13.10%
Compounded Profit Growth
10 Years:13.63%
5 Years:88.26%
3 Years:125.45%
TTM:120.21%
Stock Price CAGR
10 Years:0.64%
5 Years:8.57%
3 Years:27.78%
1 Year:124.92%
Return on Equity
10 Years:9.18%
5 Years:8.77%
3 Years:14.55%
Last Year:27.52%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
28 31 31 31 31 31 31 42 42 46 46 47
Reserves 113 147 247 233 227 233 236 252 235 242 273 366
Borrowings 53 54 223 304 335 363 376 316 310 303 243 151
44 69 123 59 60 72 72 80 94 117 108 132
Total Liabilities 238 302 624 627 653 699 715 689 681 704 665 691
140 136 363 350 376 390 399 385 416 399 387 364
CWIP 0 37 5 17 5 18 12 23 2 1 3 23
Investments 0 0 1 1 0 0 0 0 0 0 0 0
97 130 255 259 272 291 304 280 263 304 275 304
Total Assets 238 302 624 627 653 699 715 689 681 704 665 691

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
66 46 83 47 23 52 68 81 50 51 117 176
-5 -54 -222 -35 -27 -57 -36 -20 -11 -15 -23 -51
-60 10 140 -9 4 -2 -18 -75 -38 -36 -94 -124
Net Cash Flow 1 2 1 3 -0 -7 14 -14 -0 -0 -0 0

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 29% 22% 56% 3% 3% 8% 7% 7% 3% 7% 14% 29%
Debtor Days 38 47 66 44 45 49 48 53 60 67 44 43
Inventory Turnover 7.86 7.82 6.19 6.13 6.29 5.81 5.48 4.31 4.26 5.21 6.49 5.92

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
59.14 59.14 59.14 59.14 59.14 59.14 59.14 59.14 59.14 59.14 59.14 59.14
0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.08 0.10 0.14 0.06 0.11 0.08 0.09 0.07 0.03 0.03 0.03 0.03
40.76 40.76 40.72 40.80 40.75 40.78 40.77 40.79 40.83 40.83 40.83 40.83