N R Agarwal Industries Ltd

₹ 319 0.47%
02 Dec - close price
About

NR Agarwal Industries Ltd is in the business of manufacturing different kinds of duplex paper boards and writing and printing papers.
The company is among the first and leading manufacturers of recycled paper in India and the largest manufacturer of grey back and white back duplex board for over 2 decades. [1]

Key Points

Under Penerated Market[1]
India’s paper sector is vastly under-penetrated. Per-capita consumption was estimated at 13 kg compared to a global average of 57 kg, indicating a large headroom.

  • Market Cap 542 Cr.
  • Current Price 319
  • High / Low 428 / 200
  • Stock P/E 6.11
  • Book Value 350
  • Dividend Yield 0.00 %
  • ROCE 17.5 %
  • ROE 12.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.91 times its book value

Cons

  • The company has delivered a poor sales growth of 9.13% over past five years.
  • Promoters have pledged 100% of their holding.

* 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: Paper Industry: Paper

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
343 365 337 203 272 328 343 392 383 395 446 495 504
297 305 274 167 234 293 320 343 359 368 403 436 450
Operating Profit 46 60 63 36 38 35 23 49 23 28 43 60 54
OPM % 13% 16% 19% 18% 14% 11% 7% 13% 6% 7% 10% 12% 11%
3 3 4 2 1 2 3 4 3 2 2 5 3
Interest 9 9 8 7 9 7 7 6 7 6 5 4 4
Depreciation 8 8 8 8 8 8 8 9 9 9 7 9 9
Profit before tax 31 46 51 22 22 22 11 37 10 14 33 52 44
Tax % 24% 30% 28% 30% 25% 29% 17% 31% 37% 33% 42% 37% 38%
Net Profit 24 32 37 16 17 16 9 26 6 10 19 33 27
EPS in Rs 14.00 18.93 21.73 9.24 9.72 9.11 5.55 15.27 3.79 5.61 11.19 19.21 16.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
467 493 512 541 725 883 1,044 1,190 1,318 1,405 1,146 1,617 1,841
418 460 491 522 695 818 905 1,033 1,133 1,189 1,013 1,473 1,657
Operating Profit 49 33 21 19 30 66 139 157 186 216 133 144 184
OPM % 11% 7% 4% 3% 4% 7% 13% 13% 14% 15% 12% 9% 10%
3 4 4 4 6 8 6 6 7 12 8 10 13
Interest 8 10 10 12 36 46 43 40 35 36 30 25 19
Depreciation 8 9 9 10 18 23 24 26 27 32 33 34 34
Profit before tax 36 18 5 1 -17 4 78 97 131 161 78 95 143
Tax % 23% 20% 13% 35% -95% -335% 36% 7% 28% 27% 26% 36%
Net Profit 28 14 5 0 -33 18 50 90 95 117 57 61 89
EPS in Rs 16.39 8.28 2.70 0.26 -19.64 10.48 29.22 53.02 55.61 68.60 33.63 35.85 52.13
Dividend Payout % 11% 14% 0% 0% 0% 0% 7% 6% 7% 0% 3% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 9%
3 Years: 7%
TTM: 27%
Compounded Profit Growth
10 Years: 16%
5 Years: 4%
3 Years: -14%
TTM: 55%
Stock Price CAGR
10 Years: 29%
5 Years: -5%
3 Years: 17%
1 Year: 28%
Return on Equity
10 Years: 20%
5 Years: 24%
3 Years: 18%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
17 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 75 89 93 94 59 77 116 202 295 402 459 519 579
181 212 221 302 365 347 300 289 297 202 195 175 127
115 121 132 147 222 226 226 195 196 245 261 290 260
Total Liabilities 389 438 463 560 663 667 659 703 805 865 933 1,001 984
114 117 124 127 458 447 436 464 526 572 584 501 485
CWIP 133 198 203 290 4 24 25 21 21 20 29 25 60
Investments 0 0 0 0 0 0 1 0 0 0 0 0 0
141 123 135 143 200 195 197 218 257 273 320 475 438
Total Assets 389 438 463 560 663 667 659 703 805 865 933 1,001 984

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
43 66 20 38 63 38 91 104 112 191 116 95
-121 -75 -20 -98 -63 -31 -14 -47 -85 -52 -48 -41
80 5 -1 57 6 -11 -78 -55 -29 -139 -67 -55
Net Cash Flow 3 -4 -1 -3 7 -5 -1 3 -2 -0 2 -1

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 36 41 41 38 42 33 33 34 33 31 39 38
Inventory Days 41 39 35 35 49 44 37 36 50 47 79 58
Days Payable 90 95 113 102 90 53 33 23 31 39 77 56
Cash Conversion Cycle -13 -15 -37 -29 1 24 37 47 51 39 42 39
Working Capital Days -13 -13 -4 -3 4 18 25 26 27 26 41 34
ROCE % 20% 9% 5% 3% 4% 11% 28% 29% 30% 32% 17% 17%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
73.31 73.55 73.55 73.55 73.55 73.55 73.55 73.55 73.55 73.55 73.55 73.55
0.45 0.45 0.45 0.43 0.43 0.43 0.43 0.63 0.73 0.64 0.54 0.45
1.27 0.97 0.93 0.63 0.25 0.01 0.01 0.01 0.01 0.01 0.02 0.01
24.96 25.03 25.08 25.39 25.78 26.01 26.01 25.81 25.71 25.80 25.90 25.98

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents

Concalls