Voith Paper Fabrics India Ltd
Incorporated in 1968, Voith Paper Fabrics India Ltd manufactures and trades paper machine clothing for pulp, paper and board industry[1]
- Market Cap ₹ 847 Cr.
- Current Price ₹ 1,929
- High / Low ₹ 3,099 / 1,330
- Stock P/E 23.6
- Book Value ₹ 876
- Dividend Yield 0.41 %
- ROCE 13.6 %
- ROE 9.79 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 10.1% over past five years.
- Company has a low return on equity of 10.4% over last 3 years.
- Dividend payout has been low at 6.45% of profits over last 3 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Sep 2013 | Mar 2015 18m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
59 | 102 | 76 | 82 | 94 | 112 | 118 | 119 | 145 | 164 | 180 | 190 | |
46 | 77 | 55 | 56 | 69 | 83 | 86 | 83 | 106 | 123 | 134 | 140 | |
Operating Profit | 14 | 25 | 21 | 25 | 25 | 29 | 32 | 36 | 39 | 41 | 45 | 51 |
OPM % | 23% | 24% | 27% | 31% | 26% | 26% | 27% | 30% | 27% | 25% | 25% | 27% |
8 | 14 | 8 | 8 | 9 | 9 | 8 | 8 | 8 | 11 | 15 | 12 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 3 | 6 | 5 | 6 | 6 | 6 | 7 | 8 | 8 | 10 | 11 | 13 |
Profit before tax | 19 | 33 | 24 | 27 | 28 | 32 | 33 | 36 | 40 | 43 | 49 | 50 |
Tax % | 34% | 35% | 34% | 35% | 34% | 29% | 26% | 24% | 26% | 26% | 26% | 28% |
13 | 21 | 15 | 18 | 18 | 23 | 25 | 27 | 29 | 32 | 36 | 36 | |
EPS in Rs | 29.28 | 48.67 | 35.22 | 40.25 | 41.25 | 52.59 | 55.87 | 61.63 | 66.73 | 72.30 | 82.62 | 81.66 |
Dividend Payout % | 10% | 9% | 11% | 10% | 22% | 10% | 9% | 8% | 9% | 10% | 10% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 10% |
3 Years: | 9% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 7% |
3 Years: | 7% |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 14% |
3 Years: | 24% |
1 Year: | -1% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Reserves | 124 | 143 | 156 | 173 | 190 | 208 | 230 | 255 | 282 | 311 | 344 | 380 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
18 | 19 | 18 | 16 | 20 | 24 | 23 | 24 | 30 | 35 | 41 | 42 | |
Total Liabilities | 146 | 166 | 179 | 194 | 214 | 236 | 257 | 284 | 316 | 350 | 390 | 427 |
19 | 35 | 46 | 42 | 37 | 50 | 68 | 65 | 72 | 79 | 109 | 126 | |
CWIP | 17 | 8 | 1 | 1 | 10 | 23 | 12 | 12 | 7 | 4 | 3 | 13 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
111 | 123 | 131 | 151 | 167 | 163 | 178 | 207 | 237 | 267 | 278 | 288 | |
Total Assets | 146 | 166 | 179 | 194 | 214 | 236 | 257 | 284 | 316 | 350 | 390 | 427 |
Cash Flows
Figures in Rs. Crores
Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 16 | 11 | 15 | 23 | 17 | 20 | 28 | 26 | 26 | 26 | 32 | |
45 | -47 | -25 | -11 | -19 | -5 | -24 | -27 | -18 | -22 | -20 | -29 | |
-2 | -2 | -2 | -2 | -2 | -5 | -3 | -2 | -2 | -3 | -3 | -4 | |
Net Cash Flow | 50 | -32 | -16 | 1 | 2 | 7 | -6 | -1 | 6 | 2 | 3 | -1 |
Ratios
Figures in Rs. Crores
Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 101 | 60 | 92 | 91 | 69 | 56 | 54 | 57 | 55 | 54 | 51 | 63 |
Inventory Days | 176 | 119 | 169 | 170 | 97 | 117 | 155 | 196 | 194 | 215 | 206 | 220 |
Days Payable | 168 | 120 | 143 | 122 | 114 | 100 | 108 | 134 | 125 | 136 | 107 | 100 |
Cash Conversion Cycle | 108 | 59 | 118 | 139 | 52 | 72 | 101 | 118 | 124 | 133 | 150 | 183 |
Working Capital Days | 70 | 59 | 84 | 84 | 39 | 42 | 56 | 59 | 61 | 65 | 122 | 73 |
ROCE % | 16% | 24% | 15% | 16% | 15% | 16% | 15% | 14% | 14% | 14% | 15% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 May - Results for the quarter / year ended 31/03/2025 as published in newspapers.
- Financial Results For The Period / Year Ended 31/03/2025. 22 May
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Board Meeting Outcome for Outcome Of Board Meeting
22 May - Appointment of new auditors and re-appointment of directors, subject to shareholder approval.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
20 May - Annual Secretarial Compliance Report for FY ended 31 Mar 2025; no new non-compliances reported.
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Board Meeting Intimation for Approval Of Financial Results, Recommendation Of Dividend Etc. And Other Routine Business Items.
9 May - Board meeting on 22 May 2025 to consider FY25 results and dividend recommendation.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
VPFV, a subsidiary of VP Auslandsbeteiligungen GmbH, belongs to Voith Group of Companies, Germany. It is an internationally accredited to QMS (9001:2015), EMS (14001:2015) and OHSAS (45001:2018) company which focuses on paper machine clothing (PMC), fibre-cement sheet making felts and hi-tech textile processing felts. Currently VPFV is the only Indian manufacturer to supply the entire range of machine clothing to paper manufacturers