Pudumjee Paper Products Ltd

About

Pudumjee Paper Products is engaged in mainly belongs to Paper Industry and operates in Speciality Paper segment for Wrapping and Food Grade Packaging Paper, household and Sanitary Paper etc.(Source : 201903 Annual Report Page No: 85)

  • Market Cap 360 Cr.
  • Current Price 38.0
  • High / Low 47.5 / 13.8
  • Stock P/E 5.21
  • Book Value 32.7
  • Dividend Yield 0.79 %
  • ROCE 18.4 %
  • ROE 17.0 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Stock is trading at 1.16 times its book value
  • Company has delivered good profit growth of 38.91% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of -1.42% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.58% for last 3 years.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
153 140 152 159 159 153 133 60 100 129 148 106
141 130 146 148 144 135 122 60 84 103 122 86
Operating Profit 12 10 6 11 15 18 11 1 16 26 26 20
OPM % 8% 7% 4% 7% 9% 12% 9% 1% 16% 20% 17% 19%
Other Income 1 1 1 1 1 1 2 2 2 -23 3 2
Interest 2 2 2 2 2 2 2 2 2 2 2 2
Depreciation 2 2 2 2 2 2 5 3 3 3 2 3
Profit before tax 9 7 3 9 11 15 6 -1 13 -1 24 18
Tax % 33% 30% 52% 34% 33% 34% 33% 46% 22% 45% 13% 22%
Net Profit 6 5 1 6 8 10 4 -1 10 -1 21 14
EPS in Rs 0.61 0.52 0.13 0.61 0.80 1.04 0.41 -0.08 1.09 -0.08 2.24 1.46

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
0 469 514 499 590 604 437 483
0 442 465 457 552 549 369 396
Operating Profit 0 27 49 42 38 56 68 87
OPM % 6% 10% 8% 6% 9% 16% 18%
Other Income 0 8 -1 3 3 5 -16 -16
Interest 0 17 10 9 8 8 6 6
Depreciation 0 5 7 7 7 12 10 11
Profit before tax 0 13 31 30 26 41 35 54
Tax % 50% 20% 35% 36% 35% 34% 13%
Net Profit 0 10 21 19 17 27 30 45
EPS in Rs 0.20 1.07 2.17 2.02 1.76 2.87 3.16 4.71
Dividend Payout % 0% 9% 7% 7% 9% 7% 9%
Compounded Sales Growth
10 Years:%
5 Years:-1%
3 Years:-4%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:39%
3 Years:33%
TTM:235%
Stock Price CAGR
10 Years:%
5 Years:23%
3 Years:17%
1 Year:165%
Return on Equity
10 Years:%
5 Years:11%
3 Years:12%
Last Year:17%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0 10 10 10 10 10 10
Reserves 1 195 215 233 249 270 301
Borrowings 0 114 72 64 83 74 49
0 111 109 137 143 162 188
Total Liabilities 1 430 406 444 484 516 548
0 172 190 214 216 230 227
CWIP 0 67 48 32 42 29 29
Investments 0 0 25 20 24 53 107
1 191 143 179 202 203 185
Total Assets 1 430 406 444 484 516 548

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-1 15 82 24 14 52 86
0 3 -33 -9 -21 -31 -50
1 -14 -47 -18 7 -21 -32
Net Cash Flow 0 4 2 -3 -0 0 4

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 46 42 46 42 32 49
Inventory Days 148 71 99 108 120 161
Days Payable 53 71 110 94 107 164
Cash Conversion Cycle 140 41 35 55 45 45
Working Capital Days 72 39 33 44 42 43
ROCE % 18% 15% 14% 10% 14% 18%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
67.11 67.11 67.11 67.11 67.11 67.11 67.11 67.11 67.69 71.03 71.19 71.20
0.04 0.01 0.01 0.01 0.01 0.03 0.01 0.01 0.01 0.01 0.01 0.01
32.85 32.89 32.89 32.89 32.89 32.86 32.89 32.89 32.31 28.96 28.81 28.80

Documents