Ester Industries Ltd
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.
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- Market Cap ₹ 708 Cr.
- Current Price ₹ 85.0
- High / Low ₹ 136 / 80.2
- Stock P/E
- Book Value ₹ 90.2
- Dividend Yield 0.59 %
- ROCE 7.44 %
- ROE 23.0 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.94 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.96% over past five years.
- Contingent liabilities of Rs.452 Cr.
- Earnings include an other income of Rs.25.2 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
698 | 884 | 928 | 895 | 768 | 703 | 807 | 1,028 | 1,039 | 992 | 1,110 | 1,077 | 892 | |
663 | 842 | 853 | 823 | 696 | 660 | 740 | 919 | 848 | 756 | 937 | 977 | 884 | |
Operating Profit | 35 | 42 | 74 | 72 | 72 | 43 | 66 | 109 | 191 | 236 | 173 | 101 | 8 |
OPM % | 5% | 5% | 8% | 8% | 9% | 6% | 8% | 11% | 18% | 24% | 16% | 9% | 1% |
6 | 5 | 5 | 2 | 3 | 6 | 5 | 5 | 7 | 8 | 60 | 142 | 25 | |
Interest | 35 | 26 | 35 | 37 | 36 | 33 | 33 | 34 | 24 | 19 | 25 | 30 | 36 |
Depreciation | 27 | 29 | 30 | 32 | 32 | 32 | 31 | 32 | 35 | 35 | 37 | 39 | 41 |
Profit before tax | -21 | -8 | 14 | 5 | 7 | -16 | 7 | 47 | 139 | 190 | 171 | 173 | -44 |
Tax % | 34% | 33% | 41% | 21% | 33% | 33% | 29% | 34% | 28% | 25% | 19% | 7% | |
-14 | -5 | 8 | 4 | 5 | -11 | 5 | 31 | 100 | 142 | 139 | 161 | -31 | |
EPS in Rs | -2.21 | -0.84 | 1.34 | 0.61 | 0.55 | -1.28 | 0.63 | 3.73 | 11.93 | 17.04 | 16.65 | 19.31 | -3.74 |
Dividend Payout % | 0% | 0% | 37% | 0% | 0% | 0% | 0% | 13% | 21% | 20% | 20% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 6% |
3 Years: | 1% |
TTM: | -21% |
Compounded Profit Growth | |
---|---|
10 Years: | 44% |
5 Years: | 94% |
3 Years: | 17% |
TTM: | -155% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 19% |
3 Years: | -10% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 24% |
3 Years: | 25% |
Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
Reserves | 233 | 227 | 233 | 236 | 252 | 235 | 242 | 273 | 366 | 475 | 587 | 733 | 711 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 5 | 5 | 1 | 0 | |
304 | 335 | 363 | 376 | 316 | 310 | 303 | 243 | 151 | 203 | 319 | 386 | 368 | |
59 | 60 | 72 | 72 | 80 | 94 | 117 | 108 | 132 | 144 | 154 | 116 | 114 | |
Total Liabilities | 627 | 653 | 699 | 715 | 689 | 681 | 704 | 665 | 691 | 864 | 1,101 | 1,276 | 1,235 |
350 | 376 | 390 | 399 | 385 | 416 | 399 | 387 | 364 | 377 | 388 | 371 | 389 | |
CWIP | 17 | 5 | 18 | 12 | 23 | 2 | 1 | 3 | 23 | 22 | 19 | 78 | 93 |
Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98 | 181 | 424 | 438 |
259 | 272 | 291 | 304 | 280 | 263 | 304 | 275 | 304 | 367 | 513 | 403 | 315 | |
Total Assets | 627 | 653 | 699 | 715 | 689 | 681 | 704 | 665 | 691 | 864 | 1,101 | 1,276 | 1,235 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
47 | 23 | 52 | 68 | 81 | 50 | 51 | 117 | 172 | 151 | 79 | 138 | |
-35 | -27 | -57 | -36 | -20 | -11 | -15 | -23 | -51 | -154 | -122 | -156 | |
-9 | 4 | -2 | -18 | -75 | -38 | -36 | -94 | -120 | 3 | 65 | 24 | |
Net Cash Flow | 3 | -0 | -7 | 14 | -14 | -0 | -0 | -0 | 0 | 0 | 23 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 44 | 45 | 49 | 48 | 53 | 60 | 67 | 44 | 43 | 56 | 64 | 46 |
Inventory Days | 77 | 69 | 69 | 74 | 96 | 92 | 77 | 65 | 65 | 98 | 110 | 73 |
Days Payable | 14 | 11 | 11 | 11 | 18 | 15 | 26 | 12 | 19 | 27 | 34 | 14 |
Cash Conversion Cycle | 107 | 103 | 106 | 111 | 131 | 137 | 118 | 97 | 88 | 126 | 140 | 106 |
Working Capital Days | 85 | 78 | 78 | 78 | 87 | 88 | 85 | 70 | 66 | 92 | 118 | 85 |
ROCE % | 3% | 3% | 8% | 7% | 7% | 3% | 7% | 14% | 29% | 32% | 17% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
1d - The Board of the Company at their meeting held today i.e. 28th March, 2024 has inter alia, considered and approved the allotment of 1,05,60,250 Equity …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Closure of Trading Window 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT
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Nov 2015TranscriptNotesPPT
Business segments
A) Speciality polymers (12% of FY22 revenue)
Ester has a portfolio of 25 products in this segment. It has launched two new products in this segment - Cationic Dyeable Master Batch (MB-16) and Deep Dyeable Master Batch (MB -07) which are having applications for the carpet Industry in the USA. Its existing product portfolio consists of Polyethylene Terephthalate (PET), Polybutylene Terephthalate(PBT), Polyethylene Naphthalate (PEN), and Master batches. [1]