Rollatainers Ltd

Rollatainers Ltd

₹ 2.71 4.63%
24 Apr 12:04 p.m.
About

Incorporated in 1972, Rollatainers Ltd provides integrated packaging solution, with business in research, manufacturing and marketing of Lined and mono Cartons and Packaging Machines[1]

Key Points

Business Divisions:
a) Flexible Division:[1] Printed Multilayer Laminates (Combinations of PET/BOPP/BON/Alu Foil/Metallised Films/Paper/PE etc.), Printed Films (HS BOPP / HS MET BOPP / PE etc.), Printed/Unprinted Poly Coated Sheets, Gravure Printed web laminated to board and sheeted for further conversion, Preformed Pouches, Standup/ Ziplock Four Panelled/ Gussetted / Three Side Sealed /Centre Sealed / Bottom Folded.
These have a Converting Capacity of ~4000 MT per annum
b) Cartons Division:[2]
Rollatainers is the only company to provide packaging material viz. Laminated Cartons, Fingerless Fluted Carton, etc., and solutions
under single roof. Company has a capacity to manufacture ~5 million cartons annually
c) Engineering Division:[3]
Company design develops and manufactures packaging machinery for food, cosmetics, pharmaceutical, chemical and industrial industries, dairy, rice, sugar, snack foods, frozen foods, tea, coffee, confectionary, flour, seeds, spices, salt, cereals, pulses, detergents, agrochemicals and retail industry, etc. It manufactures Form, Fill and Seal Machines for Indian and Overseas market including Multi Head Stick Pack Machine, Lined Carton Machine, Vertical Single Track & Twin Track Form Fill and Seal, Automatic Horizontal Form Fill Sealing Machine, Horizontal Small Sachet Machine, Automatic Flow-Wrap Machine and Automatic Brick Pack Machine

  • Market Cap 67.8 Cr.
  • Current Price 2.71
  • High / Low 2.71 / 0.85
  • Stock P/E 968
  • Book Value 0.23
  • Dividend Yield 0.00 %
  • ROCE -0.98 %
  • ROE -16.8 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 11.8 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -61.6% over past five years.
  • Company has a low return on equity of -57.7% over last 3 years.
  • Contingent liabilities of Rs.57.0 Cr.
  • Earnings include an other income of Rs.1.24 Cr.
  • Company has high debtors of 602 days.
  • Promoter holding has decreased over last 3 years: -24.0%

* 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: Packaging Industry: Packaging

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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
16.67 17.53 2.39 2.30 0.78 0.78 0.14 0.24 0.29 0.46 0.29 0.29 0.29
17.12 17.49 4.89 4.46 4.10 -0.19 0.31 0.35 0.17 0.19 0.21 0.16 0.12
Operating Profit -0.45 0.04 -2.50 -2.16 -3.32 0.97 -0.17 -0.11 0.12 0.27 0.08 0.13 0.17
OPM % -2.70% 0.23% -104.60% -93.91% -425.64% 124.36% -121.43% -45.83% 41.38% 58.70% 27.59% 44.83% 58.62%
1.86 27.26 0.00 -1.57 0.43 -43.28 -11.67 -6.45 0.71 0.15 0.20 0.64 0.25
Interest 2.69 2.55 0.40 0.40 0.49 0.51 0.52 0.54 0.53 0.54 0.56 0.31 0.33
Depreciation 6.11 5.76 1.57 1.57 1.55 1.55 1.39 0.03 0.00 0.05 0.03 0.03 0.03
Profit before tax -7.39 18.99 -4.47 -5.70 -4.93 -44.37 -13.75 -7.13 0.30 -0.17 -0.31 0.43 0.06
Tax % 0.00% 21.43% 0.00% 0.00% 0.00% -21.86% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-7.38 14.92 -4.47 -5.71 -4.93 -54.07 -13.74 -7.12 0.31 -0.17 -0.31 0.43 0.06
EPS in Rs -0.40 0.56 -0.16 -0.21 -0.17 -2.18 -0.49 -0.43 0.01 -0.01 -0.01 0.02 -0.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2007 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
38.68 256.04 559.75 396.98 86.73 145.21 136.69 135.35 142.29 58.38 6.24 1.14 1.33
77.76 250.36 545.09 380.04 100.02 153.46 147.38 140.86 134.92 62.80 11.49 1.01 0.68
Operating Profit -39.08 5.68 14.66 16.94 -13.29 -8.25 -10.69 -5.51 7.37 -4.42 -5.25 0.13 0.65
OPM % -101.03% 2.22% 2.62% 4.27% -15.32% -5.68% -7.82% -4.07% 5.18% -7.57% -84.13% 11.40% 48.87%
40.94 4.85 17.38 0.60 22.90 13.16 23.99 3.63 2.42 35.03 -44.41 -17.26 1.24
Interest 2.08 0.00 0.05 0.05 0.05 1.00 1.11 1.24 6.94 10.47 1.81 2.14 1.74
Depreciation 3.94 1.38 3.57 4.57 3.94 13.25 14.46 14.01 25.75 24.59 6.25 1.47 0.14
Profit before tax -4.16 9.15 28.42 12.92 5.62 -9.34 -2.27 -17.13 -22.90 -4.45 -57.72 -20.74 0.01
Tax % -2.40% 0.00% 0.00% -120.74% -0.36% -52.89% 111.89% -39.05% -0.39% -91.46% -16.81% 0.00%
-4.26 9.15 28.43 25.02 5.63 -19.40 -0.45 -23.82 -23.29 -9.40 -69.17 -20.74 0.01
EPS in Rs 0.37 1.12 0.95 0.23 -0.78 -0.08 -0.95 -0.93 -0.38 -2.77 -0.83 -0.06
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -62%
3 Years: -80%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 24%
TTM: 100%
Stock Price CAGR
10 Years: -17%
5 Years: 0%
3 Years: -10%
1 Year: 119%
Return on Equity
10 Years: %
5 Years: -47%
3 Years: -58%
Last Year: -17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2007 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10.05 25.01 25.01 25.01 25.01 25.01 25.01 25.01 25.01 25.01 25.01 25.01 25.01
Reserves -99.92 313.75 36.74 59.94 65.62 51.46 49.40 33.00 34.85 29.57 -0.96 -19.43 -19.26
Preference Capital 1.40 12.40 12.40 12.40 12.40 8.40 9.45 10.42 60.46 13.22 17.20 19.33
123.69 197.78 147.22 28.30 205.78 207.13 11.51 11.51 103.39 11.51 11.51 11.51 34.20
57.51 72.19 68.96 68.33 105.65 62.52 180.49 168.57 264.22 97.62 49.90 39.87 16.97
Total Liabilities 91.33 608.73 277.93 181.58 402.06 346.12 266.41 238.09 427.47 163.71 85.46 56.96 56.92
41.88 47.19 53.02 50.97 159.47 147.59 132.70 119.29 242.18 68.94 56.11 44.80 44.75
CWIP 0.35 2.16 0.45 1.94 1.88 2.65 0.97 0.95 0.95 0.50 0.00 0.00 0.00
Investments 0.00 0.00 0.00 11.21 6.03 9.40 6.76 4.61 62.77 39.12 0.00 3.40 3.40
49.10 559.38 224.46 117.46 234.68 186.48 125.98 113.24 121.57 55.15 29.35 8.76 8.77
Total Assets 91.33 608.73 277.93 181.58 402.06 346.12 266.41 238.09 427.47 163.71 85.46 56.96 56.92

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2007 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-31.65 -381.27 329.45 139.99 -40.39 -18.01 -22.37 -25.02 14.95 1.01 -40.07 1.45
0.16 -2.65 9.64 -15.15 -138.80 6.76 28.15 9.05 5.57 0.49 45.58 -1.32
32.76 395.47 -355.57 -118.92 177.48 12.44 -6.61 14.91 -20.50 -5.09 -5.70 0.00
Net Cash Flow 1.27 11.55 -16.48 5.92 -1.71 1.20 -0.84 -1.06 0.02 -3.58 -0.19 0.13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2007 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 118.33 48.14 97.71 21.01 396.61 294.52 147.05 120.25 115.64 108.60 463.27 601.93
Inventory Days 171.56 19.94 11.91 20.04 92.10 62.35 138.89 131.10 107.97 197.83 790.23
Days Payable 290.44 25.23 14.91 42.74 381.75 116.10 227.69 261.62 267.04 218.51 1,078.74
Cash Conversion Cycle -0.55 42.85 94.71 -1.69 106.96 240.77 58.25 -10.27 -43.43 87.92 174.76 601.93
Working Capital Days -213.45 635.02 106.55 30.54 525.72 272.63 -204.46 -186.10 -181.49 -295.48 -724.15 -7,482.50
ROCE % -70.87% 2.96% 7.37% -6.22% -2.39% -8.92% -18.04% -10.13% -12.47% -18.59% -0.98%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.95% 50.96% 50.96% 50.96% 50.96% 50.96% 50.96% 50.96% 50.96% 50.96% 50.96% 50.96%
3.80% 0.02% 0.02% 0.02% 0.02% 0.02% 0.03% 0.02% 0.02% 0.02% 0.00% 0.00%
21.25% 49.02% 49.02% 49.02% 49.02% 49.02% 49.01% 49.02% 49.00% 49.02% 49.04% 49.03%
No. of Shareholders 10,45813,65920,83528,62132,44333,42333,96133,77535,06135,16235,80840,119

* 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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