Huhtamaki PPL Ltd

About

Huhtamaki PPL is engaged in Business of manufacture and sale of packaging material.

  • Market Cap 2,078 Cr.
  • Current Price 275
  • High / Low 338 / 162
  • Stock P/E 13.1
  • Book Value 96.4
  • Dividend Yield 1.09 %
  • ROCE 22.0 %
  • ROE 25.8 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 22.28% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 40.94%

Cons

  • Tax rate seems low

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
562 553 595 608 613 629 634 650 673 575 641 686
502 497 544 557 547 542 563 584 606 521 576 608
Operating Profit 60 56 52 51 66 87 71 66 67 53 65 77
OPM % 11% 10% 9% 8% 11% 14% 11% 10% 10% 9% 10% 11%
Other Income 3 4 2 4 4 9 3 3 3 2 3 3
Interest 7 7 7 17 8 7 7 8 -1 6 7 6
Depreciation 21 20 21 23 22 22 21 22 22 25 25 25
Profit before tax 35 33 26 15 39 68 46 39 49 24 36 50
Tax % 41% 46% 46% 201% 54% 38% 39% 19% -40% -13% 26% 26%
Net Profit 21 18 14 -15 18 42 28 32 68 27 27 37
EPS in Rs 2.77 2.36 1.89 -2.00 2.38 5.57 3.70 4.22 9.03 3.62 3.54 4.88
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 TTM
612 578 704 803 890 1,006 1,135 1,151 2,181 2,131 2,369 2,582 2,574
563 506 635 716 802 907 1,033 1,030 1,931 1,911 2,146 2,288 2,312
Operating Profit 49 71 69 87 88 100 102 121 250 220 223 294 262
OPM % 8% 12% 10% 11% 10% 10% 9% 11% 11% 10% 9% 11% 10%
Other Income 12 11 25 11 8 12 16 13 15 14 17 17 11
Interest 3 1 1 1 1 1 1 26 39 33 41 23 19
Depreciation 29 31 32 32 35 34 36 39 93 85 85 87 96
Profit before tax 30 50 62 65 61 77 81 68 133 115 114 202 159
Tax % 28% 25% 22% 20% 27% 29% 21% 28% 39% 45% 69% 16%
Net Profit 21 37 48 53 45 55 65 49 82 64 35 170 159
EPS in Rs 3.40 5.96 7.67 8.39 7.18 8.70 8.89 6.75 11.21 8.42 4.62 22.52 21.07
Dividend Payout % 53% 50% 29% 29% 36% 32% 32% 41% 27% 36% 65% 22%
Compounded Sales Growth
10 Years:16%
5 Years:18%
3 Years:6%
TTM:2%
Compounded Profit Growth
10 Years:16%
5 Years:22%
3 Years:25%
TTM:33%
Stock Price CAGR
10 Years:16%
5 Years:1%
3 Years:1%
1 Year:10%
Return on Equity
10 Years:14%
5 Years:14%
3 Years:15%
Last Year:26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Jun 2020
13 13 13 13 13 13 15 15 15 15 15 15 15
Reserves 234 249 281 316 342 377 549 572 495 534 541 682 713
Borrowings 50 24 23 22 22 21 19 402 435 406 403 273 199
133 158 153 167 165 187 226 298 501 480 491 544 800
Total Liabilities 429 444 470 518 542 597 809 1,288 1,446 1,435 1,451 1,514 1,728
164 199 175 174 171 158 203 186 465 437 518 486 573
CWIP 47 5 3 8 4 11 6 3 2 2 4 8 25
Investments 17 31 39 63 99 94 225 755 195 138 21 61 23
202 209 251 273 267 335 375 343 784 858 908 959 1,107
Total Assets 429 444 470 518 542 597 809 1,288 1,446 1,435 1,451 1,514 1,728

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019
65 67 45 85 64 33 79 136 166 96 101 285
-18 -21 -7 -57 -53 -11 -195 -482 -0 5 -29 -88
-35 -40 -23 -16 -18 -20 112 346 -150 -87 -68 -200
Net Cash Flow 12 6 15 11 -7 1 -4 -1 16 13 3 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019
ROCE % 10% 17% 16% 18% 17% 18% 15% 12% 18% 16% 15% 22%
Debtor Days 56 61 62 57 57 67 70 69 77 90 88 87
Inventory Turnover 6.80 5.77 6.21 6.70 7.79 8.66 9.38 9.37 11.60 8.04 8.38 9.12

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
66.21 66.21 66.94 66.94 66.94 66.94 66.94 66.94 66.94 66.94 66.94 66.94
5.62 5.66 5.67 5.50 5.58 5.62 5.60 5.67 5.72 5.43 4.50 3.69
1.17 1.02 0.98 1.04 0.85 1.00 1.03 1.03 0.98 1.23 1.61 1.29
27.00 27.11 26.41 26.52 26.63 26.44 26.43 26.36 26.36 26.40 26.95 28.08

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