Kanpur Plastipack Ltd

₹ 109 -2.16%

26 Apr - 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

Website BSE NSE

Market Cap ₹ 234 Cr.
Current Price ₹ 109
High / Low ₹ 150 / 75.0
Stock P/E 48.6
Book Value ₹ 85.4
Dividend Yield 0.46 %
ROCE 4.63 %
ROE 2.93 %
Face Value ₹ 10.0

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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
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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:	7%
3 Years:	5%
1 Year:	16%

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 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 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	10,059	11,403	10,837	10,800	10,712	10,613	10,742	10,548	10,202	9,561	9,293	10,346

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	69.19%	71.56%	71.68%	72.23%	72.31%	72.38%	66.74%	66.74%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%
	30.81%	28.44%	28.32%	27.76%	27.69%	27.61%	33.27%	33.26%
No. of Shareholders	9,181	8,646	8,025	7,330	8,977	10,800	10,548	10,346

* 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.

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Kanpur Plastipack Ltd

Kanpur Plastipack Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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