Huhtamaki India Ltd

Huhtamaki India Ltd

₹ 286 -3.07%
08 Nov - close price
About

Having started its journey in 1935 , Huhtamaki is India's leading manufacturer and supplier of sustainable, flexible and innovative solutions in packaging and labelling products.

It is the largest manufacturer of finished flexible packaging in terms of volume in the continent of Africa, India, Asia Pacific exluding Japan.

It became member of Huhtamaki Packaging worldwide in 1999. From Paper Products Limited to Huhtamaki PPL ltd, company has demonstrated the qualities of integrity, transparency & responsibility. [1]

Key Points

Product portfolio
The company offers a wide portfolio of packaging solutions that include flexible packaging, pouching solutions, labelling technologies, shrink sleeve solutions, specialized cartons, packaging machines, tube laminates, promotional, holographic and security solutions, cylinders, and specialized films for high barriers. [1]

  • Market Cap 2,159 Cr.
  • Current Price 286
  • High / Low 452 / 262
  • Stock P/E 24.6
  • Book Value 156
  • Dividend Yield 1.75 %
  • ROCE 12.5 %
  • ROE 13.0 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 1.48% over past five years.
  • Company has a low return on equity of 7.13% over last 3 years.
  • Earnings include an other income of Rs.435 Cr.
  • Dividend payout has been low at 2.12% 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

Sector: Packaging Industry: Packaging

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
669 662 729 793 769 693 662 622 662 604 610 639 652
638 651 678 758 746 644 610 582 617 546 569 607 634
Operating Profit 31 11 51 34 23 49 51 40 46 58 41 32 18
OPM % 5% 2% 7% 4% 3% 7% 8% 6% 7% 10% 7% 5% 3%
-30 2 13 6 2 -3 6 0 3 376 8 36 15
Interest 7 8 7 8 9 9 7 10 8 6 5 5 5
Depreciation 23 23 22 22 21 21 16 12 11 11 10 12 12
Profit before tax -29 -18 34 11 -5 16 35 18 30 416 35 51 16
Tax % -24% -25% 28% 23% -101% -5% -1% 22% -6% 21% 26% 24% 26%
-22 -14 25 8 0 17 35 14 32 327 26 39 12
EPS in Rs -2.89 -1.79 3.26 1.08 0.01 2.23 4.70 1.91 4.27 43.35 3.45 5.10 1.55
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 TTM
890 1,006 1,135 1,151 2,181 2,131 2,369 2,599 2,463 2,625 2,983 2,549 2,506
802 907 1,033 1,030 1,931 1,911 2,146 2,305 2,228 2,515 2,825 2,354 2,357
Operating Profit 88 100 102 121 251 220 223 294 235 110 158 195 149
OPM % 10% 10% 9% 11% 11% 10% 9% 11% 10% 4% 5% 8% 6%
8 12 16 13 15 13 17 17 8 -22 17 385 435
Interest 1 1 1 26 39 33 41 23 27 28 33 31 21
Depreciation 35 34 36 39 93 85 85 87 98 92 86 49 45
Profit before tax 61 77 81 68 133 115 114 202 118 -32 56 500 518
Tax % 27% 29% 21% 28% 39% 45% 69% 16% 18% -28% 11% 18%
45 55 65 49 82 64 35 170 96 -23 50 410 404
EPS in Rs 7.18 8.70 8.89 6.75 11.21 8.42 4.62 22.52 12.71 -3.00 6.57 54.24 53.45
Dividend Payout % 36% 32% 32% 41% 27% 36% 65% 13% 24% -33% 30% 9%
Compounded Sales Growth
10 Years: 10%
5 Years: 1%
3 Years: 1%
TTM: -5%
Compounded Profit Growth
10 Years: 10%
5 Years: 33%
3 Years: 10%
TTM: -13%
Stock Price CAGR
10 Years: 5%
5 Years: 3%
3 Years: 5%
1 Year: -4%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 7%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Jun 2024
Equity Capital 13 13 15 15 15 15 15 15 15 15 15 15 15
Reserves 342 377 549 572 495 534 541 682 750 700 742 1,135 1,162
22 21 19 402 435 406 403 273 295 412 410 255 258
165 187 226 298 501 480 491 544 523 680 584 596 600
Total Liabilities 542 597 809 1,288 1,446 1,435 1,451 1,514 1,583 1,807 1,751 2,001 2,036
171 158 203 186 465 437 518 486 561 537 479 483 588
CWIP 4 11 6 3 2 2 4 8 16 43 35 131 30
Investments 99 94 225 755 195 138 21 61 18 1 0 80 90
267 335 375 343 784 858 908 959 987 1,227 1,237 1,307 1,327
Total Assets 542 597 809 1,288 1,446 1,435 1,451 1,514 1,583 1,807 1,751 2,001 2,036

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
64 33 79 136 166 96 101 285 169 -28 133 274
-53 -11 -195 -482 -0 5 -29 -88 -73 -56 -90 40
-18 -20 112 346 -150 -87 -68 -200 -74 49 -32 -211
Net Cash Flow -7 1 -4 -1 16 13 3 -3 22 -35 11 102

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Debtor Days 57 67 70 69 77 90 88 87 79 88 81 79
Inventory Days 49 46 42 38 45 49 48 38 52 68 50 57
Days Payable 69 69 69 70 81 93 82 91 93 112 80 98
Cash Conversion Cycle 37 45 43 37 42 46 54 35 38 43 51 37
Working Capital Days 30 41 38 17 31 49 52 42 48 56 55 42
ROCE % 17% 18% 15% 12% 18% 16% 15% 22% 14% 2% 7% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.73% 67.73% 67.73% 67.73% 67.73% 67.73% 67.73% 67.73% 67.73% 67.73% 67.73% 67.73%
4.30% 4.23% 3.85% 1.30% 1.03% 1.12% 1.52% 1.43% 0.89% 1.21% 1.39% 1.40%
0.90% 0.43% 0.44% 0.50% 0.50% 0.50% 1.53% 1.25% 1.32% 1.30% 1.04% 1.40%
27.07% 27.60% 27.98% 30.46% 30.72% 30.64% 29.22% 29.58% 30.06% 29.76% 29.83% 29.48%
No. of Shareholders 34,55633,92734,37833,00031,36230,25627,61426,83026,54431,02633,30234,825

* 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.

Click on the line-items to see the names of individual entities.

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