Pudumjee Paper Products Ltd

Pudumjee Paper Products Ltd

₹ 62.8 -1.87%
28 Mar - close price
About

Pudumjee Paper Products Limited is engaged in the business of manufacturing Specialty Paper for Wrapping and Food Grade Packaging Paper, household and Sanitary Paper etc. [1]

Key Points

Products
Paper products - Crepe tissue and towels, Decor grades, food grades, pharma grades, solid wraps, bake and oven papers, solid bags straw paper, Fine printing paper etc. under the brand name Chef Smartr.
Hygiene Products - Bathroom roll, Kitchen towel, Napkins, hand wash soap and other hygiene products under brand name ‘Greenlime’. [1]
In FY23, Company added more specialties in food grade papers, flexible packaging papers, barrier papers, printing paper, etc., to its range of offerings.[2]

  • Market Cap 597 Cr.
  • Current Price 62.8
  • High / Low 84.0 / 34.0
  • Stock P/E 8.35
  • Book Value 44.5
  • Dividend Yield 0.80 %
  • ROCE 18.4 %
  • ROE 15.4 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 21.4% CAGR over last 5 years
  • Debtor days have improved from 42.8 to 30.6 days.

Cons

  • The company has delivered a poor sales growth of 8.73% over past five 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: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

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
129 148 106 131 141 177 184 211 182 183 181 195 204
103 122 86 115 125 158 158 185 163 167 163 169 160
Operating Profit 26 26 20 15 16 18 26 26 19 16 18 26 44
OPM % 20% 17% 19% 12% 12% 10% 14% 12% 11% 9% 10% 13% 22%
-23 3 2 1 1 -12 2 3 2 2 2 3 3
Interest 2 2 2 1 1 1 1 1 1 1 2 2 1
Depreciation 3 2 3 3 3 3 3 3 3 3 3 3 3
Profit before tax -1 24 18 13 13 2 24 24 17 14 15 24 43
Tax % 45% 13% 22% 27% 27% 23% 25% 25% 26% 26% 25% 25% 26%
-1 21 14 9 9 2 18 18 13 11 11 18 32
EPS in Rs -0.08 2.24 1.46 0.99 0.98 0.20 1.87 1.91 1.34 1.13 1.18 1.86 3.36
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 469 514 499 590 604 437 555 759 762
0 442 465 457 552 549 369 485 672 659
Operating Profit 0 27 49 42 38 56 68 70 87 103
OPM % 6% 10% 8% 6% 9% 16% 13% 11% 14%
0 8 -1 3 3 5 -16 -8 8 10
Interest 0 17 10 9 8 8 6 5 4 5
Depreciation 0 5 7 7 7 12 10 11 11 12
Profit before tax 0 13 31 30 26 41 35 46 80 96
Tax % 50% 20% 35% 36% 35% 34% 13% 25% 25%
0 10 21 19 17 27 30 35 59 71
EPS in Rs 0.20 1.07 2.17 2.02 1.76 2.87 3.16 3.64 6.26 7.53
Dividend Payout % 0% 9% 7% 7% 9% 7% 9% 14% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 8%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 28%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: 29%
3 Years: 39%
1 Year: 70%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 15%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 10 10 10 10 10 10 10 10 10
Reserves 1 195 215 233 249 270 301 333 387 413
0 114 72 64 83 74 58 77 54 47
0 111 109 137 143 162 179 178 174 185
Total Liabilities 1 430 406 444 484 516 548 597 626 655
0 172 190 214 216 230 227 211 204 275
CWIP 0 67 48 32 42 29 29 92 94 20
Investments 0 0 25 20 24 53 107 70 52 115
1 191 143 179 202 203 185 224 276 245
Total Assets 1 430 406 444 484 516 548 597 626 655

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 15 82 24 14 52 86 17 16
0 3 -33 -9 -21 -31 -50 -28 18
1 -14 -47 -18 7 -21 -32 9 -31
Net Cash Flow 0 4 2 -3 -0 0 4 -2 4

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 46 42 46 42 32 49 49 31
Inventory Days 148 71 99 108 120 161 188 163
Days Payable 116 71 110 94 107 164 125 65
Cash Conversion Cycle 77 41 35 55 45 45 112 128
Working Capital Days 57 30 5 37 31 45 74 79
ROCE % 18% 15% 14% 10% 14% 18% 16% 18%

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
71.19% 71.20% 71.21% 71.21% 71.00% 71.05% 71.05% 71.05% 71.31% 71.31% 71.31% 71.31%
0.00% 0.00% 0.40% 0.48% 0.43% 0.40% 0.45% 0.39% 0.46% 0.42% 0.65% 0.43%
0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
28.81% 28.80% 28.38% 28.30% 28.57% 28.55% 28.49% 28.56% 28.24% 28.26% 28.05% 28.24%
No. of Shareholders 18,07821,84728,21831,12638,43840,49739,29338,96637,76537,72738,58237,165

* 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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