Star Paper Mills Ltd

Star Paper Mills Limited is an India-based company engaged in the business of paper manufacturing. The Company sells products primarily in the domestic market.

Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 0.34 times its book value
Cons:
Promoter's stake has decreased
The company has delivered a poor growth of 4.89% over past five years.
Promoters have pledged 59.19% of their holding

Peer Comparison Sector: Paper // Industry: Paper

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
79 84 78 87 84 81 87 94 95 97 99 87
63 65 62 67 66 63 70 75 82 85 87 75
Operating Profit 17 19 16 19 18 18 17 19 13 12 12 12
OPM % 21% 23% 20% 22% 22% 23% 19% 20% 13% 13% 12% 14%
Other Income 0 1 0 1 1 2 1 1 1 1 2 3
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 15 18 15 19 18 19 16 19 12 12 13 14
Tax % 17% 15% 12% 1% 26% 23% 25% 26% 20% 34% 34% -92%
Net Profit 13 16 13 19 14 15 12 14 10 8 9 27
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Sep 2007 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
188 317 360 252 260 228 273 275 271 272 324 347 378
162 290 322 241 271 267 290 283 256 246 253 274 328
Operating Profit 26 27 38 11 -12 -39 -17 -8 15 27 71 72 49
OPM % 14% 8% 10% 4% -4% -17% -6% -3% 5% 10% 22% 21% 13%
Other Income 4 20 13 11 10 11 1 -2 1 1 2 5 7
Interest 6 12 10 3 2 3 5 5 3 3 1 1 1
Depreciation 9 16 18 12 12 11 11 11 5 4 4 4 4
Profit before tax 15 20 23 7 -15 -42 -32 -26 8 21 68 72 52
Tax % 36% 36% 26% -26% 33% -0% 6% 15% -107% 20% 11% 25%
Net Profit 9 13 17 8 -10 -42 -30 -22 16 16 60 54 53
EPS in Rs 5.70 5.23 7.19 5.21 0.00 0.00 0.00 0.00 9.96 10.57 38.67 34.76
Dividend Payout % 29% 22% 14% 14% -8% -0% -0% -0% 0% 0% 5% 7%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:0.91%
5 Years:4.89%
3 Years:8.51%
TTM:8.99%
Compounded Profit Growth
10 Years:16.21%
5 Years:%
3 Years:51.78%
TTM:-1.99%
Return on Equity
10 Years:5.34%
5 Years:17.55%
3 Years:20.32%
Last Year:14.18%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Sep 2007 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
16 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 91 101 115 122 111 68 39 17 31 48 337 390 440
Borrowings 65 55 35 4 15 20 20 20 14 7 4 2 1
92 84 91 85 81 100 114 121 121 118 176 186 135
Total Liabilities 263 256 256 227 223 204 189 174 182 188 533 594 592
129 153 140 131 121 112 100 91 86 85 404 405 414
CWIP 13 2 2 3 3 2 2 1 1 1 2 7 0
Investments 21 34 36 36 36 36 36 32 32 32 46 78 81
99 67 78 58 63 55 51 50 63 70 80 103 96
Total Assets 263 256 256 227 223 204 189 174 182 188 533 594 592

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Sep 2007 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
24 52 37 39 -7 -1 4 3 15 12 39 32
-35 -28 -2 -2 -1 0 0 1 -0 -3 -35 -31
12 -23 -36 -36 8 1 -5 -4 -10 -10 -3 -3
Net Cash Flow 0 1 -1 1 -1 0 -0 -0 5 -1 1 -2

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Sep 2007 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 18% 18% 6% -9% -32% -30% -28% 19% 36% 32% 19%
Debtor Days 13 9 10 15 13 11 10 9 9 14 8 8
Inventory Turnover 8.76 8.89 6.77 8.36 7.48 9.87 10.84 11.47 10.87 10.84 9.00