N R Agarwal Industries Ltd

NR Agarwal Industries is engaged in the first and leading manufacturers of recycled paper in India and the largest manufacturer of grey back and white back Duplex Boards for over 25 years now and forayed into Writing & Print (W&P) paper.(Source : 201903 Annual Report Page No: 107)

  • Market Cap: 309.36 Cr.
  • Current Price: 180.50
  • 52 weeks High / Low 298.80 / 123.00
  • Book Value: 205.47
  • Stock P/E: 3.30
  • Dividend Yield: 2.22 %
  • ROCE: 29.81 %
  • ROE: 35.98 %
  • Sales Growth (3Yrs): 14.28 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.88 times its book value
Company has good consistent profit growth of 187.15% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 42.38%
Cons:

Peer comparison Sector: Paper // Industry: Paper

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Quarterly Results Figures in Rs. Crores

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
286 277 272 310 338 320 320 316 363 360 343 365
249 244 240 270 286 268 269 268 329 312 297 305
Operating Profit 37 33 32 40 51 52 50 48 34 47 46 60
OPM % 13% 12% 12% 13% 15% 16% 16% 15% 9% 13% 13% 16%
Other Income -0 4 3 3 -5 2 3 1 3 2 3 3
Interest 10 10 10 10 8 8 9 9 7 9 9 9
Depreciation 6 6 6 7 7 7 7 7 7 8 8 8
Profit before tax 20 21 19 26 31 39 37 33 23 32 31 46
Tax % 102% -0% 0% 0% 22% 25% 28% 23% 38% 27% 24% 30%
Net Profit -0 21 19 26 24 29 26 25 14 24 24 32
EPS in Rs -0.24 12.58 10.92 15.19 14.33 17.06 15.48 14.79 8.29 13.95 14.00 18.92
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
287 368 376 467 493 512 541 725 883 1,044 1,190 1,318 1,431
260 343 342 418 460 491 522 695 818 906 1,033 1,133 1,244
Operating Profit 28 24 34 49 33 21 19 30 66 138 157 186 187
OPM % 10% 7% 9% 11% 7% 4% 3% 4% 7% 13% 13% 14% 13%
Other Income 2 6 11 3 4 4 4 6 8 7 6 7 11
Interest 10 10 9 8 10 10 12 36 46 43 40 35 35
Depreciation 8 8 8 8 9 9 10 18 23 24 26 27 30
Profit before tax 13 12 29 36 18 5 1 -17 4 78 97 131 132
Tax % 27% 24% 25% 23% 20% 13% 35% -95% -335% 36% 7% 28%
Net Profit 9 9 22 28 14 5 0 -33 18 50 90 95 94
EPS in Rs 5.22 5.04 12.37 16.09 8.08 2.70 0.27 0.00 10.47 29.22 53.03 55.61 55.16
Dividend Payout % 22% 19% 14% 11% 14% 0% 0% -0% 0% 7% 6% 7%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:13.62%
5 Years:19.52%
3 Years:14.28%
TTM:10.71%
Compounded Profit Growth
10 Years:30.02%
5 Years:187.15%
3 Years:73.96%
TTM:-10.55%
Stock Price CAGR
10 Years:16.85%
5 Years:53.40%
3 Years:-13.14%
1 Year:-34.60%
Return on Equity
10 Years:23.75%
5 Years:29.99%
3 Years:42.38%
Last Year:35.98%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
17 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 26 33 51 75 89 93 94 59 77 116 202 295 333
Borrowings 96 83 93 181 212 221 302 365 347 300 289 297 238
75 78 98 115 121 132 147 222 226 226 195 196 278
Total Liabilities 214 211 259 389 438 463 560 663 667 659 703 805 865
115 114 113 114 117 124 127 458 447 436 464 526 560
CWIP 5 3 53 133 198 203 290 4 24 25 21 21 24
Investments 0 0 0 0 0 0 0 0 0 1 0 0 0
94 94 93 141 123 135 143 200 195 197 218 257 281
Total Assets 214 211 259 389 438 463 560 663 667 659 703 805 865

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
17 22 65 43 66 20 38 63 38 91 104 112
-10 -4 -55 -121 -75 -20 -98 -63 -31 -14 -47 -85
-3 -25 -3 80 5 -1 57 6 -11 -78 -55 -29
Net Cash Flow 4 -7 6 3 -4 -1 -3 7 -5 -1 3 -2

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 17% 14% 20% 20% 9% 5% 3% 4% 11% 28% 29% 30%
Debtor Days 50 51 40 36 41 41 38 42 33 33 34 33
Inventory Turnover 12.35 14.37 14.47 16.24 15.38 16.14 17.04 15.49 13.92 16.19 17.99 15.18