Ester Industries Ltd

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

Ester Industries Ltd

₹ 128 -1.05%
01 Jul 2:04 p.m.
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 ₹ 1,244 Cr.
  • Current Price ₹ 128
  • High / Low ₹ 178 / 104
  • Stock P/E 90.8
  • Book Value ₹ 82.2
  • Dividend Yield 0.00 %
  • ROCE 6.51 %
  • ROE 1.84 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.86% over last 3 years.
  • Contingent liabilities of Rs.525 Cr.
  • Dividend payout has been low at 1.02% 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

Consolidated Figures in Rs. Crores / View Standalone

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
303.10 324.29 302.43 192.75 294.66 257.59 261.37 267.76 276.73 286.15 331.16 345.58 319.26
252.61 264.98 279.05 194.17 284.67 257.48 271.58 287.26 270.75 274.97 291.34 286.06 282.80
Operating Profit 50.49 59.31 23.38 -1.42 9.99 0.11 -10.21 -19.50 5.98 11.18 39.82 59.52 36.46
OPM % 16.66% 18.29% 7.73% -0.74% 3.39% 0.04% -3.91% -7.28% 2.16% 3.91% 12.02% 17.22% 11.42%
11.24 10.20 123.14 7.68 -1.34 9.40 9.78 4.62 3.22 6.21 2.62 5.41 2.66
Interest 8.52 6.63 7.83 8.09 13.79 16.76 17.71 17.92 17.98 16.76 18.46 16.44 15.66
Depreciation 9.51 9.56 9.84 10.04 14.49 16.28 16.82 17.18 17.75 17.29 17.24 17.13 17.09
Profit before tax 43.70 53.32 128.85 -11.87 -19.63 -23.53 -34.96 -49.98 -26.53 -16.66 6.74 31.36 6.37
Tax % 24.67% 22.04% 3.86% -21.99% -9.53% -6.25% -12.93% -10.32% -10.55% -3.36% 55.19% 20.85% 69.23%
32.93 41.57 123.88 -9.27 -17.75 -22.06 -30.44 -44.82 -23.72 -16.10 3.02 24.82 1.96
EPS in Rs 3.95 4.98 14.85 -1.11 -2.13 -2.65 -3.65 -5.37 -2.52 -1.71 0.32 2.64 0.21
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
395 671 698 884 928 895 768 992 1,110 1,114 1,063 1,282
334 448 663 842 853 823 698 760 939 1,022 1,086 1,135
Operating Profit 61 223 35 42 74 72 71 231 171 93 -23 147
OPM % 15% 33% 5% 5% 8% 8% 9% 23% 15% 8% -2% 11%
1 1 6 5 5 3 5 8 60 137 26 17
Interest 6 13 35 26 35 37 36 19 25 36 70 67
Depreciation 14 18 27 29 30 32 32 35 37 44 68 69
Profit before tax 41 193 -21 -8 14 5 7 185 169 149 -135 28
Tax % 33% 33% -34% -32% 41% 21% 33% 26% 19% 8% -10% 51%
28 129 -14 -5 8 4 5 137 137 137 -121 14
EPS in Rs 4.43 20.58 -2.21 -0.84 1.33 0.61 0.55 16.49 16.39 16.42 -12.88 1.46
Dividend Payout % 23% 19% 0% 0% 38% 0% 0% 21% 20% 3% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: %
3 Years: 5%
TTM: 21%
Compounded Profit Growth
10 Years: 13%
5 Years: %
3 Years: -54%
TTM: 110%
Stock Price CAGR
10 Years: 17%
5 Years: 18%
3 Years: 2%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: %
3 Years: 1%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 31 31 31 31 31 31 42 42 42 42 47 47
Reserves 146 246 232 226 232 241 250 470 580 702 671 726
54 224 304 335 363 376 316 208 639 816 773 660
69 122 60 60 72 67 80 142 168 155 153 140
Total Liabilities 301 623 627 652 698 714 688 862 1,428 1,715 1,643 1,573
136 363 350 376 390 399 385 377 390 979 989 977
CWIP 37 5 17 5 18 12 23 76 435 79 83 39
Investments 0 1 1 0 0 0 0 1 0 154 69 75
129 254 258 272 290 303 280 407 604 503 502 482
Total Assets 301 623 627 652 698 714 688 862 1,428 1,715 1,643 1,573

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
46 83 47 23 52 68 81 146 62 58 44 112
-54 -222 -36 -27 -57 -36 -20 -147 -392 -199 42 -56
10 140 -9 4 -2 -18 -75 3 384 114 -14 -133
Net Cash Flow 2 1 3 -0 -7 14 -14 2 54 -28 72 -77

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 47 66 44 45 49 48 53 56 64 50 51 48
Inventory Days 59 86 77 69 69 74 96 98 110 88 70 74
Days Payable 46 67 14 11 11 11 17 27 34 17 31 22
Cash Conversion Cycle 60 85 107 103 106 111 132 126 139 121 90 101
Working Capital Days 55 69 85 77 78 78 86 91 119 105 90 103
ROCE % 23% 56% 3% 3% 8% 7% 7% 14% 4% -5% 7%

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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