Repro India Ltd

Repro India Ltd

₹ 815 0.51%
24 Apr 12:15 p.m.
About

Repro India Ltd. is engaged in providing print solutions which includes value engineering, creative designing, pre-press, printing, knitting and assembly and other services across the printing value chain. [1]

Key Points

Services
Company provides integrated print solutions to publishers and corporations. Its standalone business segments include traditional offset printing (education books/materials), PoD business and Repro Applied Learning Solutions (RAPPLES). [1]

Geographical Split
India – 74% in FY22 vs 78% in FY21
Outside India – 26% in FY22 vs 22 % in FY21
Revenue from one customer based in India was about 13% of the total revenue. [2]

  • Market Cap 1,165 Cr.
  • Current Price 815
  • High / Low 994 / 382
  • Stock P/E 140
  • Book Value 259
  • Dividend Yield 0.00 %
  • ROCE 4.99 %
  • ROE 2.63 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 144 to 75.1 days.

Cons

  • Stock is trading at 3.15 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.96% over past five years.
  • Company has a low return on equity of -7.54% over last 3 years.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -5.98%

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
23.02 36.24 42.11 41.32 46.09 66.52 74.41 60.53 76.90 84.85 80.80 74.17 81.12
24.47 33.53 40.45 38.51 43.42 62.40 65.91 51.86 65.85 72.88 69.98 64.80 69.46
Operating Profit -1.45 2.71 1.66 2.81 2.67 4.12 8.50 8.67 11.05 11.97 10.82 9.37 11.66
OPM % -6.30% 7.48% 3.94% 6.80% 5.79% 6.19% 11.42% 14.32% 14.37% 14.11% 13.39% 12.63% 14.37%
0.26 0.12 0.21 0.11 0.05 0.53 0.15 0.43 0.04 0.44 0.35 0.90 0.02
Interest 3.35 3.09 2.62 2.81 2.57 2.68 2.41 3.03 2.74 2.73 2.77 3.09 1.71
Depreciation 6.60 6.28 6.17 6.19 6.58 6.70 6.00 5.66 5.75 6.09 6.89 7.03 7.06
Profit before tax -11.14 -6.54 -6.92 -6.08 -6.43 -4.73 0.24 0.41 2.60 3.59 1.51 0.15 2.91
Tax % 8.80% -7.34% 1.73% 0.82% 0.78% 1.06% 0.00% 0.00% 0.00% -4.18% 0.00% 0.00% 0.00%
-10.15 -7.02 -6.80 -6.04 -6.38 -4.68 0.24 0.41 2.60 3.74 1.51 0.15 2.91
EPS in Rs -8.40 -5.81 -5.62 -5.00 -5.02 -3.68 0.19 0.32 2.04 2.94 1.14 0.11 2.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
354 380 421 395 375 294 233 289 278 105 196 297 321
296 311 353 351 352 273 210 245 236 108 184 256 277
Operating Profit 58 70 68 44 23 21 23 44 42 -4 12 41 44
OPM % 16% 18% 16% 11% 6% 7% 10% 15% 15% -3% 6% 14% 14%
4 2 5 12 7 6 31 1 1 1 1 1 2
Interest 12 15 19 12 19 15 12 11 10 14 11 11 10
Depreciation 12 15 17 19 19 13 13 14 18 27 26 23 27
Profit before tax 37 42 37 26 -8 -0 29 19 15 -44 -24 7 8
Tax % 2% 8% 20% 25% 0% 3,317% -5% -24% -11% 5% 1% -2%
36 38 30 20 -8 2 30 23 16 -42 -24 7 8
EPS in Rs 33.26 35.28 27.25 18.11 -7.34 1.77 26.28 20.40 13.49 -34.64 -18.80 5.49 6.23
Dividend Payout % 30% 28% 37% 55% -41% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 5%
3 Years: 2%
TTM: 15%
Compounded Profit Growth
10 Years: -16%
5 Years: -25%
3 Years: -25%
TTM: 681%
Stock Price CAGR
10 Years: 18%
5 Years: 7%
3 Years: 33%
1 Year: 109%
Return on Equity
10 Years: 2%
5 Years: -2%
3 Years: -8%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 11 11 11 12 12 12 12 13 13 14
Reserves 153 179 197 194 180 167 237 224 280 238 244 252 356
205 171 214 197 177 224 134 140 164 139 102 96 32
69 75 65 78 72 41 44 73 48 64 51 81 31
Total Liabilities 438 436 487 480 440 443 427 449 505 453 410 442 433
164 175 189 177 169 214 212 223 252 282 246 242 244
CWIP 12 3 1 0 4 4 1 1 47 8 4 8 8
Investments 0 4 4 4 4 5 5 5 5 5 5 6 7
261 254 293 299 263 220 209 219 201 159 155 186 173
Total Assets 438 436 487 480 440 443 427 449 505 453 410 442 433

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
35 22 22 30 70 13 54 14 50 57 25 20
-26 -21 -26 -19 -12 -6 2 -26 -54 -8 -6 -18
11 -68 19 -39 -52 -14 -55 12 4 -48 -18 -2
Net Cash Flow 20 -68 15 -28 6 -8 1 0 -0 1 0 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 104 136 122 157 138 102 122 136 134 257 99 75
Inventory Days 38 45 60 41 57 68 98 104 99 182 131 122
Days Payable 69 80 45 69 66 60 65 88 67 146 94 85
Cash Conversion Cycle 72 101 137 130 129 110 154 152 167 292 137 112
Working Capital Days 56 91 108 142 161 124 183 132 131 131 130 111
ROCE % 15% 16% 14% 9% 3% 4% 10% 8% 6% -7% -3% 5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.85% 52.85% 51.48% 51.48% 51.48% 51.48% 51.42% 51.42% 50.58% 46.99% 46.87% 46.87%
17.76% 16.54% 15.64% 15.66% 14.26% 13.04% 12.93% 12.54% 6.33% 10.24% 10.32% 10.23%
1.25% 0.95% 0.90% 0.74% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
28.14% 29.67% 31.98% 32.12% 34.26% 35.49% 35.64% 36.04% 43.10% 42.77% 42.82% 42.90%
No. of Shareholders 6,7377,0086,2596,4426,5187,4027,8428,0748,5678,9508,6328,934

* 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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