Kanpur Plastipack Ltd

About

Kanpur Plastipack is engaged in manufacturing of HDPE/PP Woven Sacks, PP Box Bags, Flexible Intermediate Bulk Containers (FIBCs), Fabrics and High Tenacity PP Multi Filament Yarn.(Source : 201903 Annual Report Page No: 75)

  • Market Cap 277 Cr.
  • Current Price 129
  • High / Low 205 / 64.2
  • Stock P/E 8.24
  • Book Value 78.3
  • Dividend Yield 0.93 %
  • ROCE 19.3 %
  • ROE 21.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 13.24% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
91.46 76.35 74.69 77.53 78.22 86.33 77.41 99.65 119.39 155.20 142.99 164.58
82.93 74.21 70.78 73.43 72.28 80.35 67.24 87.85 105.00 136.57 127.96 154.91
Operating Profit 8.53 2.14 3.91 4.10 5.94 5.98 10.17 11.80 14.39 18.63 15.03 9.67
OPM % 9.33% 2.80% 5.23% 5.29% 7.59% 6.93% 13.14% 11.84% 12.05% 12.00% 10.51% 5.88%
Other Income 2.44 6.38 3.33 2.74 0.74 -0.76 0.51 2.77 0.95 3.29 3.25 4.66
Interest 3.06 2.75 2.99 2.31 2.52 2.97 2.01 2.06 2.28 2.83 3.46 3.42
Depreciation 1.72 2.28 2.21 2.23 2.22 2.22 2.21 2.23 2.32 2.43 2.45 2.60
Profit before tax 6.19 3.49 2.04 2.30 1.94 0.03 6.46 10.28 10.74 16.66 12.37 8.31
Tax % 25.20% 23.21% 30.39% 30.00% 26.80% -1,500.00% 40.40% 29.28% 30.82% 29.95% 29.59% 29.72%
Net Profit 4.63 2.69 1.41 1.62 1.42 0.48 3.84 7.28 7.43 11.66 8.71 5.84
EPS in Rs 2.15 1.25 0.66 0.75 0.66 0.22 1.79 3.39 3.46 5.42 4.05 2.72

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
99 117 184 174 209 244 247 243 278 318 314 451 582
91 107 163 153 183 218 210 210 249 296 296 395 524
Operating Profit 8 10 21 22 26 26 37 33 28 22 18 55 58
OPM % 8% 9% 11% 12% 12% 11% 15% 14% 10% 7% 6% 12% 10%
Other Income 1 1 3 2 2 3 1 1 7 16 8 7 12
Interest 3 4 6 9 9 9 8 7 6 9 11 9 12
Depreciation 2 2 2 3 4 4 4 4 4 7 9 9 10
Profit before tax 4 5 15 12 16 17 26 23 24 22 6 44 48
Tax % 36% 40% 33% 41% 31% 31% 36% 37% 35% 25% 22% 32%
Net Profit 3 3 10 7 11 11 16 14 16 16 5 30 34
EPS in Rs 4.82 3.21 5.06 5.33 7.66 6.73 7.40 7.53 2.29 14.05 15.65
Dividend Payout % 21% 18% 8% 12% 9% 8% 3% 15% 15% 16% 17% 9%
Compounded Sales Growth
10 Years: 14%
5 Years: 13%
3 Years: 18%
TTM: 70%
Compounded Profit Growth
10 Years: 26%
5 Years: 13%
3 Years: 25%
TTM: 158%
Stock Price CAGR
10 Years: 30%
5 Years: 16%
3 Years: 13%
1 Year: 54%
Return on Equity
10 Years: 18%
5 Years: 15%
3 Years: 13%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
5 7 10 10 10 10 10 12 13 14 14 14 21
Reserves 13 15 20 27 36 46 61 70 91 112 114 143 147
Borrowings 35 49 63 77 86 73 65 83 89 128 107 158 151
13 20 21 24 31 37 39 27 35 33 31 61 85
Total Liabilities 66 90 112 136 162 165 173 193 230 288 266 377 404
27 40 46 58 60 66 70 73 78 164 164 185 188
CWIP 0 1 0 0 0 0 0 3 35 2 0 2 4
Investments 0 0 1 1 1 0 0 6 4 6 0 5 5
38 49 65 77 101 98 103 110 112 116 102 184 207
Total Assets 66 90 112 136 162 165 173 193 230 288 266 377 404

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3 2 7 9 7 35 24 7 29 26 41 -0
-3 -14 -9 -14 -5 -9 -6 -14 -38 -60 -1 -36
1 13 2 6 -3 -25 -18 8 9 34 -40 39
Net Cash Flow -0 1 1 -0 -0 0 -0 -0 0 0 -0 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 47 54 58 73 81 65 66 78 76 53 47 45
Inventory Days 102 128 79 106 102 78 76 112 93 96 92 149
Days Payable 23 33 16 23 20 25 16 14 21 14 11 24
Cash Conversion Cycle 126 149 121 156 163 118 126 176 149 136 128 169
Working Capital Days 97 105 95 124 134 102 107 137 111 104 94 112
ROCE % 14% 15% 26% 19% 20% 19% 25% 20% 17% 14% 7% 19%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
71.60 71.68 71.70 71.77 71.99 72.23 72.31 72.31 72.31 72.31 72.31 72.34
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
0.00 0.00 0.00 0.00 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00
28.40 28.32 28.30 28.23 27.99 27.76 27.69 27.69 27.69 27.69 27.69 27.65

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