Shree Tirupati Balajee FIBC Ltd

Shree Tirupati Balajee FIBC Ltd

₹ 495 -4.76%
23 Feb - close price
About

Shree Tirupati Balajee FIBC Limited is engaged in manufacturing of HDPE/PPWoven Sacks and Flexible Intermediate Bulk Containers (FIBC’s). [1]

Key Points

Products
The Co’s product range includes various types of PP woven Products namely: PP woven sacks (Laminated and Unlaminated, BOPP coated, etc.) PP Fabric (Tubular/ Flat) FIBCs (Tubular, Tubular-coated, U-panel and 4-panel) – Builder Bags, etc. [1]

  • Market Cap 501 Cr.
  • Current Price 495
  • High / Low 546 / 99.9
  • Stock P/E 30.2
  • Book Value 74.0
  • Dividend Yield 0.00 %
  • ROCE 13.4 %
  • ROE 15.8 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 43.4 to 33.8 days.

Cons

  • Stock is trading at 6.68 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.27%
  • Company has a low return on equity of 13.6% over last 3 years.
  • Company might be capitalizing the interest cost

* 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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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
60 59 52 49 68 87 111 97 79 76
55 54 50 45 63 80 105 90 71 60
Operating Profit 5 5 2 4 5 6 6 7 9 16
OPM % 9% 9% 5% 8% 8% 7% 6% 7% 11% 21%
0 0 0 0 0 0 0 0 0 -0
Interest 1 1 1 1 1 1 1 2 1 2
Depreciation 1 0 1 0 1 1 0 1 1 1
Profit before tax 4 3 1 2 4 4 4 4 7 13
Tax % 20% 15% 25% 18% 31% 17% 22% 16% 18% 16%
3 3 1 2 3 4 3 4 6 11
EPS in Rs 2.98 2.89 0.64 1.98 2.72 3.55 3.36 3.71 5.55 10.78
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
1 23 40 53 61 70 98 121 111 117 198 176 156
1 20 35 48 54 62 88 110 104 108 185 161 131
Operating Profit 0 3 6 6 6 7 11 11 7 10 13 16 25
OPM % 13% 13% 14% 11% 11% 11% 11% 9% 7% 8% 6% 9% 16%
0 0 0 1 1 0 -0 -0 0 0 0 0 -0
Interest 0 1 2 3 3 2 3 2 2 2 3 3 4
Depreciation 0 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 0 1 3 3 3 4 6 7 4 6 9 11 20
Tax % 0% 66% 31% 6% 2% 15% 21% 14% 17% 26% 19% 17%
0 0 2 2 3 3 5 6 4 5 7 9 17
EPS in Rs 0.28 7.11 36.18 39.41 54.59 49.90 4.98 6.19 3.53 4.71 6.91 9.25 16.33
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 22%
5 Years: 12%
3 Years: 17%
TTM: -25%
Compounded Profit Growth
10 Years: 36%
5 Years: 13%
3 Years: 38%
TTM: 131%
Stock Price CAGR
10 Years: %
5 Years: 65%
3 Years: 128%
1 Year: 252%
Return on Equity
10 Years: 16%
5 Years: 13%
3 Years: 14%
Last Year: 16%

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 0 1 1 1 1 1 10 10 10 10 10 10 10
Reserves 3 6 8 11 14 17 23 29 33 38 45 54 65
11 14 16 25 23 21 27 27 33 40 48 48 55
1 5 3 3 5 2 5 9 6 5 10 6 7
Total Liabilities 15 25 29 39 42 41 65 76 82 92 113 118 137
3 13 13 13 14 13 13 13 12 13 16 15 14
CWIP 9 0 0 0 0 0 0 0 3 6 11 18 19
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
4 12 15 26 28 28 52 62 67 73 86 86 104
Total Assets 15 25 29 39 42 41 65 76 82 92 113 118 137

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
0 1 4 2 6 5 -4 3 2 1 7 5
-8 1 -1 -0 -2 -1 -8 -1 -5 -5 -11 -3
7 -2 -4 -1 -5 -4 12 -1 4 3 6 -4
Net Cash Flow -0 1 -0 1 -1 -0 0 0 1 -2 2 -2

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 269 64 27 42 62 65 60 39 32 46 51 34
Inventory Days 476 95 99 102 86 72 71 102 118 141 88 123
Days Payable 46 59 18 6 7 9 12 32 17 9 12 2
Cash Conversion Cycle 699 100 109 138 141 128 119 109 133 177 127 155
Working Capital Days 790 125 116 152 132 120 135 133 160 182 116 149
ROCE % 1% 15% 23% 18% 17% 16% 19% 15% 9% 10% 12% 13%

Shareholding Pattern

Numbers in percentages

Mar 2018Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
62.56% 62.56% 63.65% 65.70% 66.41% 66.74% 68.63% 69.49% 70.88% 70.88% 67.12% 63.85%
37.44% 37.44% 36.35% 34.30% 33.59% 33.27% 31.37% 30.50% 29.13% 29.12% 32.88% 36.15%
No. of Shareholders 289249206179165147127122114116110141

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