Kanpur Plastipack Ltd

Kanpur Plastipack Ltd

₹ 110 -0.69%
24 Apr 3:05 p.m.
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 236 Cr.
  • Current Price 110
  • High / Low 150 / 75.0
  • Stock P/E 49.1
  • Book Value 85.4
  • Dividend Yield 0.47 %
  • ROCE 4.63 %
  • ROE 2.93 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 20.3%

Cons

  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 12.6% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.8.76 Cr.
  • Promoter holding has decreased over last 3 years: -5.57%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
119.39 155.20 142.99 164.58 150.46 167.03 145.35 126.36 94.69 110.20 100.32 120.43 123.84
105.00 136.60 127.97 154.92 135.43 157.61 134.25 123.86 93.31 104.03 93.47 112.30 127.40
Operating Profit 14.39 18.60 15.02 9.66 15.03 9.42 11.10 2.50 1.38 6.17 6.85 8.13 -3.56
OPM % 12.05% 11.98% 10.50% 5.87% 9.99% 5.64% 7.64% 1.98% 1.46% 5.60% 6.83% 6.75% -2.87%
0.95 3.29 3.25 4.66 1.90 2.86 -0.12 1.00 0.90 2.70 1.92 2.01 2.13
Interest 2.28 2.83 3.46 3.42 3.72 3.55 3.01 4.38 3.58 1.25 3.02 3.93 3.56
Depreciation 2.32 2.43 2.45 2.60 2.60 2.96 2.78 2.84 2.85 2.81 2.86 3.09 3.19
Profit before tax 10.74 16.63 12.36 8.30 10.61 5.77 5.19 -3.72 -4.15 4.81 2.89 3.12 -8.18
Tax % 30.82% 29.28% 29.61% 29.76% 30.54% 26.17% 30.06% 26.34% -8.92% -50.73% 28.37% 28.53% 17.36%
7.43 11.76 8.70 5.83 7.37 4.27 3.63 -2.74 -4.52 7.26 2.07 2.24 -6.76
EPS in Rs 3.46 5.47 4.05 2.72 3.43 1.99 1.69 -1.28 -2.11 3.38 0.96 1.04 -3.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
314 451 624 476 455
296 395 575 453 437
Operating Profit 18 55 49 23 18
OPM % 6% 12% 8% 5% 4%
8 7 12 2 9
Interest 11 9 14 12 12
Depreciation 9 9 11 11 12
Profit before tax 6 44 37 2 3
Tax % 22% 31% 29% -70%
5 30 26 4 5
EPS in Rs 2.29 14.10 12.20 1.69 2.23
Dividend Payout % 17% 13% 18% 30%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 15%
TTM: -15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 2%
TTM: 652%
Stock Price CAGR
10 Years: 23%
5 Years: 8%
3 Years: 8%
1 Year: 18%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 21 21 21
Reserves 114 143 158 159 162
107 158 183 166 225
31 61 59 61 75
Total Liabilities 266 376 420 407 483
164 185 214 208 248
CWIP 0 2 2 36 34
Investments 0 3 3 3 4
102 186 201 159 197
Total Assets 266 376 420 407 483

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
41 -4 29 69
-1 -34 -38 -41
-40 41 6 -26
Net Cash Flow -0 4 -3 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 47 45 36 37
Inventory Days 92 149 113 102
Days Payable 11 24 15 18
Cash Conversion Cycle 128 169 134 122
Working Capital Days 82 107 90 88
ROCE % 19% 15% 5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.31% 72.34% 72.33% 72.38% 72.52% 66.74% 66.74% 66.74% 66.74% 66.74% 66.74% 66.74%
0.00% 0.01% 0.06% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
27.69% 27.65% 27.60% 27.61% 27.48% 33.26% 33.27% 33.27% 33.28% 33.25% 33.27% 33.26%
No. of Shareholders 10,05911,40310,83710,80010,71210,61310,74210,54810,2029,5619,29310,346

* 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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