Voith Paper Fabrics India Ltd

Voith Paper Fabrics India Ltd

₹ 1,929 -0.17%
06 Jun 3:20 p.m.
About

Incorporated in 1968, Voith Paper Fabrics India Ltd manufactures and trades paper machine clothing for pulp, paper and board industry[1]

Key Points

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

  • 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
39 39 44 39 43 44 48 42 45 45 51 41 53
30 29 34 31 30 32 37 30 36 32 38 31 38
Operating Profit 9 10 10 8 13 12 12 12 9 13 13 10 15
OPM % 23% 25% 23% 21% 30% 27% 24% 29% 21% 29% 25% 24% 29%
2 2 2 4 3 3 4 4 4 4 4 4 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 3 3 3 3 3 3 3 3
Profit before tax 9 10 10 10 13 13 13 13 10 14 14 11 15
Tax % 27% 25% 24% 27% 26% 25% 25% 25% 28% 25% 25% 27% 26%
7 7 8 7 10 10 10 10 7 10 10 8 11
EPS in Rs 15.21 16.66 17.35 15.91 22.38 21.99 21.95 21.81 16.87 23.36 23.40 18.24 25.82
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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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04%
1.18% 1.18% 1.18% 1.18% 1.11% 0.64% 0.37% 0.23% 0.06% 0.04% 0.11% 0.11%
24.77% 24.76% 24.76% 24.76% 24.84% 25.31% 25.58% 25.73% 25.89% 25.91% 25.83% 25.83%
No. of Shareholders 4,3084,7724,6174,5674,9274,9084,8494,8284,8775,3755,3135,314

* 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.

Click on the line-items to see the names of individual entities.

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