Repro India Ltd

Repro India Ltd

₹ 867 -0.29%
01 Mar 1:08 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 1,239 Cr.
  • Current Price 867
  • High / Low 980 / 337
  • Stock P/E 88.0
  • Book Value 265
  • Dividend Yield 0.00 %
  • ROCE 5.43 %
  • ROE 3.24 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 117 to 59.1 days.

Cons

  • Stock is trading at 3.29 times its book value
  • The company has delivered a poor sales growth of 7.11% over past five years.
  • Company has a low return on equity of -7.29% 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

Consolidated Figures in Rs. Crores / View Standalone

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
34.83 50.18 62.13 63.33 68.25 93.73 105.46 90.35 105.09 121.05 119.53 116.87 115.91
35.79 47.11 59.34 60.15 65.28 90.33 96.70 81.33 93.31 107.37 106.71 105.25 102.79
Operating Profit -0.96 3.07 2.79 3.18 2.97 3.40 8.76 9.02 11.78 13.68 12.82 11.62 13.12
OPM % -2.76% 6.12% 4.49% 5.02% 4.35% 3.63% 8.31% 9.98% 11.21% 11.30% 10.73% 9.94% 11.32%
0.26 0.17 0.21 0.11 0.05 0.67 0.15 0.43 0.08 0.45 0.35 0.90 0.07
Interest 3.37 3.11 2.64 2.82 2.58 2.67 2.44 3.05 2.75 2.74 2.79 3.11 1.71
Depreciation 6.90 6.58 6.44 6.46 6.87 6.98 6.30 5.96 6.04 6.40 7.30 7.42 7.44
Profit before tax -10.97 -6.45 -6.08 -5.99 -6.43 -5.58 0.17 0.44 3.07 4.99 3.08 1.99 4.04
Tax % 8.93% 8.22% 1.97% -1.00% -0.93% 16.13% 0.00% 0.00% 0.00% -1.40% 1.30% 2.01% 0.00%
-10.00 -5.92 -5.96 -6.06 -6.49 -4.68 0.17 0.44 3.07 5.06 3.04 1.95 4.04
EPS in Rs -8.27 -4.90 -4.93 -5.01 -5.10 -3.68 0.13 0.35 2.41 3.98 2.29 1.37 2.83
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
346 381 421 396 384 321 299 399 367 138 287 422 473
290 313 353 348 358 297 285 355 322 143 274 378 422
Operating Profit 56 68 68 47 26 25 14 45 46 -5 13 44 51
OPM % 16% 18% 16% 12% 7% 8% 5% 11% 12% -4% 5% 10% 11%
4 2 4 11 4 3 28 0 1 1 1 1 2
Interest 12 15 19 12 19 16 13 11 10 15 12 11 10
Depreciation 12 15 18 20 21 14 14 15 19 28 27 25 29
Profit before tax 35 39 34 26 -10 -3 15 19 18 -47 -24 9 14
Tax % 1% 6% 23% 26% 3% 78% -10% -24% -7% 7% 4% -1%
35 37 26 19 -10 -1 16 24 19 -43 -23 9 14
EPS in Rs 32.31 33.68 24.18 17.46 -8.76 -0.50 14.26 20.51 15.55 -35.88 -18.24 6.86 10.47
Dividend Payout % 31% 30% 41% 57% -34% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 7%
3 Years: 5%
TTM: 20%
Compounded Profit Growth
10 Years: -14%
5 Years: -11%
3 Years: -23%
TTM: 1509%
Stock Price CAGR
10 Years: 20%
5 Years: 9%
3 Years: 33%
1 Year: 127%
Return on Equity
10 Years: 2%
5 Years: -1%
3 Years: -7%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 152 176 191 187 172 145 201 226 285 242 248 258 365
205 185 229 208 192 236 143 150 165 140 102 96 32
72 79 67 74 76 49 62 91 56 74 66 97 63
Total Liabilities 439 451 497 480 451 441 418 479 518 468 429 464 474
168 191 211 199 198 233 231 233 260 291 255 250 260
CWIP 13 9 1 0 5 4 1 2 50 9 4 11 8
Investments 0 0 0 0 0 0 0 0 0 0 0 1 3
258 250 285 281 249 205 186 244 208 168 169 202 204
Total Assets 439 451 497 480 451 441 418 479 518 468 429 464 474

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
38 23 30 50 92 18 65 4 63 55 25 23
-29 -35 -31 -22 -26 -10 -9 -17 -55 -10 -7 -21
11 -54 16 -43 -60 -15 -56 13 -6 -48 -18 -3
Net Cash Flow 20 -65 14 -15 6 -8 -0 0 1 -3 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 107 137 125 157 142 102 109 105 105 211 81 59
Inventory Days 39 46 60 42 60 70 98 102 78 147 95 92
Days Payable 68 83 46 60 70 66 84 98 68 173 97 84
Cash Conversion Cycle 78 100 139 139 132 106 123 109 116 184 79 67
Working Capital Days 50 81 104 142 132 80 90 102 96 92 72 71
ROCE % 15% 13% 9% 2% 3% 7% 8% 6% -7% -3% 5%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
52.85% 52.85% 52.85% 51.48% 51.48% 51.48% 51.48% 51.42% 51.42% 50.58% 46.99% 46.87%
17.76% 17.76% 16.54% 15.64% 15.66% 14.26% 13.04% 12.93% 12.54% 6.33% 10.24% 10.32%
1.27% 1.25% 0.95% 0.90% 0.74% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
28.12% 28.14% 29.67% 31.98% 32.12% 34.26% 35.49% 35.64% 36.04% 43.10% 42.77% 42.82%
No. of Shareholders 6,7676,7377,0086,2596,4426,5187,4027,8428,0748,5678,9508,632

* 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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