Nahar Polyfilms Ltd

Nahar Polyfilms Ltd

₹ 204 0.47%
23 Apr - close price
About

Incorporated in 1988, Nahar Poly Films
Ltd manufactures transparent & metalized Flexible Packaging Films[1]

Key Points

Business Overview:[1]
NPFL manufactures BOPP films of varied grades and thicknesses that find application in laminations,reverse printing, packaging, decoration, tapes and textile bags. It caters to 200+ customers in India.

  • Market Cap 503 Cr.
  • Current Price 204
  • High / Low 290 / 177
  • Stock P/E 57.6
  • Book Value 327
  • Dividend Yield 0.73 %
  • ROCE 5.33 %
  • ROE 5.08 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.63 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 10.0% over last 3 years.
  • Dividend payout has been low at 7.07% 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

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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
80.69 90.64 105.36 104.37 103.74 175.47 224.43 190.30 159.64 148.82 156.20 137.01 153.62
61.60 71.65 84.31 82.55 77.47 125.28 181.46 174.76 148.46 136.82 152.81 120.54 153.87
Operating Profit 19.09 18.99 21.05 21.82 26.27 50.19 42.97 15.54 11.18 12.00 3.39 16.47 -0.25
OPM % 23.66% 20.95% 19.98% 20.91% 25.32% 28.60% 19.15% 8.17% 7.00% 8.06% 2.17% 12.02% -0.16%
1.30 1.08 0.47 2.23 1.52 0.18 0.50 2.54 1.12 0.70 2.05 2.69 1.98
Interest 0.04 0.18 0.24 0.08 0.22 2.40 3.01 2.04 4.23 3.10 3.14 3.05 2.97
Depreciation 0.36 0.50 0.45 0.45 0.46 5.08 8.01 8.07 8.03 8.13 8.06 8.15 8.15
Profit before tax 19.99 19.39 20.83 23.52 27.11 42.89 32.45 7.97 0.04 1.47 -5.76 7.96 -9.39
Tax % 23.81% 24.65% 27.12% 24.02% 24.46% 25.02% 25.08% 19.95% 2,225.00% 23.81% -1.56% 7.54% 4.69%
18.28 16.27 17.71 23.21 24.58 32.21 24.34 13.42 1.46 3.99 -2.23 12.18 -5.20
EPS in Rs 7.43 6.62 7.20 9.44 10.00 13.10 9.90 5.46 0.59 1.62 -0.91 4.95 -2.11
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
302 260 255 252 266 277 303 489 723 596
262 215 223 232 252 235 238 370 642 564
Operating Profit 39 45 31 20 14 42 66 119 82 32
OPM % 13% 17% 12% 8% 5% 15% 22% 24% 11% 5%
2 2 2 3 1 4 5 4 5 7
Interest 13 8 5 3 1 0 0 3 12 12
Depreciation 22 22 22 14 2 2 2 6 32 32
Profit before tax 7 17 7 6 12 44 68 114 42 -6
Tax % 46% 36% -25% 33% 32% 27% 25% 25% 26%
11 15 19 11 12 37 63 98 43 9
EPS in Rs 4.51 6.10 7.66 4.66 4.97 15.16 25.46 39.74 17.57 3.55
Dividend Payout % 0% 8% 7% 11% 10% 7% 6% 6% 9%
Compounded Sales Growth
10 Years: %
5 Years: 23%
3 Years: 38%
TTM: -21%
Compounded Profit Growth
10 Years: %
5 Years: 30%
3 Years: 5%
TTM: -88%
Stock Price CAGR
10 Years: 32%
5 Years: 42%
3 Years: 24%
1 Year: -28%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 10%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 13 13 13 13 13 13 13 13 13 13
Reserves 197 210 394 444 445 378 513 900 767 790
91 45 30 22 0 4 58 173 163 138
9 15 9 8 11 10 69 58 36 39
Total Liabilities 309 282 445 487 468 404 653 1,144 979 980
89 67 45 32 31 29 28 293 269 253
CWIP 0 0 0 0 0 21 172 2 0 0
Investments 157 162 338 387 387 279 366 715 568 599
63 53 62 67 50 75 87 135 142 127
Total Assets 309 282 445 487 468 404 653 1,144 979 980

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
24 24 23 18 40 94 -24 110
-0 -0 -1 -6 -40 -136 -92 -37
-24 -23 -22 -11 -1 42 115 -41
Net Cash Flow -0 0 0 1 -1 1 -0 32

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 38 39 47 48 29 12 14 21 13
Inventory Days 16 16 30 30 30 37 40 75 34
Days Payable 7 7 12 10 11 11 118 11 8
Cash Conversion Cycle 47 48 64 68 48 39 -65 86 40
Working Capital Days 43 32 44 64 46 81 16 78 39
ROCE % 9% 3% 2% 3% 10% 14% 14% 5%

Shareholding Pattern

Numbers in percentages

18 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.29% 70.29% 70.39% 70.54% 70.65% 70.65% 70.72% 70.85% 70.85% 71.05% 71.08% 71.48%
0.00% 0.15% 0.27% 0.24% 0.29% 0.19% 0.17% 0.06% 0.06% 0.06% 0.07% 0.06%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
29.68% 29.53% 29.33% 29.21% 29.05% 29.15% 29.12% 29.07% 29.08% 28.87% 28.84% 28.45%
No. of Shareholders 20,94123,83722,79723,97224,79426,23326,70526,55826,21725,61724,33824,213

* 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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