Kanpur Plastipack Ltd

Kanpur Plastipack Ltd

₹ 128 -0.75%
13 Dec - close price
About

Incorporated in 1971, Kanpur Plastipack Ltd manufactures HDPE /PP Woven Sacks, PP Box Bags, FIBC, Fabrics and High Tenacity PP MFY[1]

Key Points

Business Overview:[1][2]
KPL is a supplier of industrial bulk packaging solutions. It is an A+ level of BRCGS Packaging Materials accredited manufacturer of bulk bags, Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products

  • Market Cap 297 Cr.
  • Current Price 128
  • High / Low 150 / 87.7
  • Stock P/E
  • Book Value 84.0
  • Dividend Yield 0.00 %
  • ROCE 4.74 %
  • ROE 0.18 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.15% over past five years.
  • Company has a low return on equity of 6.16% over last 3 years.
  • Earnings include an other income of Rs.13.5 Cr.
  • Dividend payout has been low at 14.7% of profits over last 3 years
  • Debtor days have increased from 43.1 to 55.4 days.
  • Promoter holding has decreased over last 3 years: -5.60%

* 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

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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
164.58 150.46 167.03 145.35 127.08 94.69 109.74 100.44 119.56 122.92 149.82 132.21 151.63
154.91 135.42 157.60 134.15 124.28 93.22 103.46 93.39 111.41 126.42 142.22 129.19 142.25
Operating Profit 9.67 15.04 9.43 11.20 2.80 1.47 6.28 7.05 8.15 -3.50 7.60 3.02 9.38
OPM % 5.88% 10.00% 5.65% 7.71% 2.20% 1.55% 5.72% 7.02% 6.82% -2.85% 5.07% 2.28% 6.19%
4.66 1.90 2.86 -0.12 0.98 0.86 2.67 1.89 2.01 2.07 5.42 4.07 1.95
Interest 3.42 3.72 3.55 3.01 4.38 3.58 1.25 3.02 3.92 3.56 6.31 5.09 5.46
Depreciation 2.60 2.60 2.96 2.78 2.84 2.85 2.81 2.86 3.09 3.19 3.71 3.55 3.59
Profit before tax 8.31 10.62 5.78 5.29 -3.44 -4.10 4.89 3.06 3.15 -8.18 3.00 -1.55 2.28
Tax % 29.72% 30.51% 26.12% 29.49% -28.49% 9.02% -49.90% 26.80% 28.25% -17.60% 13.33% -24.52% 36.40%
5.84 7.39 4.27 3.73 -2.46 -4.48 7.34 2.24 2.26 -6.74 2.59 -1.17 1.44
EPS in Rs 2.72 3.44 1.99 1.74 -1.15 -2.09 3.42 1.04 1.05 -3.14 1.21 -0.55 0.67
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
174 209 244 247 243 278 318 314 451 624 476 492 557
153 183 218 210 210 249 296 296 395 575 452 473 540
Operating Profit 22 26 26 37 33 28 22 18 55 49 24 19 16
OPM % 12% 12% 11% 15% 14% 10% 7% 6% 12% 8% 5% 4% 3%
2 2 3 1 1 7 16 8 7 12 2 11 14
Interest 9 9 9 8 7 6 9 11 9 14 12 17 20
Depreciation 3 4 4 4 4 4 7 9 9 11 11 13 14
Profit before tax 12 16 17 26 23 24 22 6 44 37 3 1 -4
Tax % 41% 31% 31% 36% 37% 35% 25% 22% 31% 29% -55% 66%
7 11 11 16 14 16 16 5 30 26 4 0 -4
EPS in Rs 3.21 5.06 5.33 7.66 6.73 7.40 7.53 2.29 14.11 12.21 1.91 0.17 -1.81
Dividend Payout % 12% 9% 8% 3% 15% 15% 16% 17% 13% 18% 26% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 3%
TTM: 31%
Compounded Profit Growth
10 Years: -29%
5 Years: -54%
3 Years: -78%
TTM: -153%
Stock Price CAGR
10 Years: 16%
5 Years: 25%
3 Years: -2%
1 Year: 6%
Return on Equity
10 Years: 12%
5 Years: 8%
3 Years: 6%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 8 8 12 13 14 14 14 21 21 21 21
Reserves 27 36 46 61 70 91 112 114 143 158 159 159 159
79 88 75 67 83 89 128 107 158 183 166 224 223
22 29 35 37 27 35 33 31 61 59 61 71 76
Total Liabilities 136 162 165 173 193 230 288 266 377 420 407 475 479
58 60 66 70 73 78 164 164 185 210 204 274 269
CWIP 0 0 0 0 3 35 2 0 2 2 36 2 1
Investments 1 1 0 0 6 4 6 0 5 8 9 8 12
77 101 98 103 110 112 116 102 184 201 158 192 197
Total Assets 136 162 165 173 193 230 288 266 377 420 407 475 479

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 7 35 24 7 29 26 41 -3 28 66 -4
-14 -5 -9 -6 -14 -38 -60 -1 -36 -36 -40 -40
6 -3 -25 -18 8 9 34 -40 41 6 -26 45
Net Cash Flow -0 -0 0 -0 -0 0 0 -0 3 -3 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 73 81 65 66 78 76 53 47 45 36 38 55
Inventory Days 106 102 78 76 112 93 96 92 149 113 102 117
Days Payable 23 20 25 16 14 21 14 11 24 15 18 21
Cash Conversion Cycle 156 163 118 126 176 149 136 128 169 134 122 151
Working Capital Days 116 124 91 97 122 103 96 82 107 90 88 111
ROCE % 19% 20% 19% 25% 20% 17% 14% 7% 19% 15% 5% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.33% 72.38% 72.52% 66.74% 66.74% 66.74% 66.74% 66.74% 66.74% 66.74% 66.74% 66.74%
0.06% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00%
27.60% 27.61% 27.48% 33.26% 33.27% 33.27% 33.28% 33.25% 33.27% 33.26% 33.25% 33.26%
No. of Shareholders 10,83710,80010,71210,61310,74210,54810,2029,5619,29310,3469,6979,007

* 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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