Shree Tirupati Balajee FIBC Ltd

Shree Tirupati Balajee FIBC Ltd

₹ 495 0.00%
15 Apr - close price
About

Incorporated in 2009, Shree Tirupati Balajee
FIBC Ltd manufactures HDPE /PPWoven Sacks and Flexible Intermediate Bulk Containers[1]

Key Points

Business Overview:[1]
STB FIBC Ltd is a part of Shree Tirupati Balajee (STB) Group. It is an ISO 22000-2005, 14001-2015 & 9001-2015 and B.R.C. certified manufacturer and exporter of FIBC and PP packaging products

Product Profile:
a) FIBCs / Big Bags:[2]
Type C Conductive bags, UN Certified bags,
Form Stable Baffle bags, Sift resistant bags,
Bags with specialty liners, Form fit liner Heat resistant liners for cement and fly ash packaging Single / Double loop bags, Tunnel lift bags Normal FIBC’s, Builder bags, Fertilizers bags etc.
b) Fabric:[3]
Woven Fabric, Un-Laminated PP/HDPE Woven Fabric, Laminated PP/HDPE Woven Fabric, Tarpaulins/Roll of Tarpaulin Fabric
c) Bags & Sacks:[4]
PP HDPE Bags & Sacs, Un-Laminated Woven Bags And Sacks, PP Bags/Sacks With Multicolour Printing
d) Container Liner:[5]
These are made of light weight woven polypropylene and a heavy duty woven polypropylene bulk heads. Used for dry flow able products such as powders, granules and food products

  • Market Cap 501 Cr.
  • Current Price 495
  • High / Low 550 / 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
52 49 68 87 111 97 79 76
50 45 63 80 105 90 71 60
Operating Profit 2 4 5 6 6 7 9 16
OPM % 5% 8% 8% 7% 6% 7% 11% 21%
0 0 0 0 0 0 0 -0
Interest 1 1 1 1 1 2 1 2
Depreciation 1 0 1 1 0 1 1 1
Profit before tax 1 2 4 4 4 4 7 13
Tax % 25% 18% 31% 17% 22% 16% 18% 16%
1 2 3 4 3 4 6 11
EPS in Rs 0.64 1.98 2.72 3.55 3.36 3.71 5.55 10.78
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
111 117 198 176 156
104 108 185 161 131
Operating Profit 7 10 13 16 25
OPM % 7% 8% 6% 9% 16%
0 0 0 0 -0
Interest 2 2 3 3 4
Depreciation 1 1 1 1 1
Profit before tax 4 6 9 11 20
Tax % 17% 26% 19% 17%
4 5 7 9 17
EPS in Rs 3.53 4.71 6.91 9.25 16.33
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 17%
TTM: -25%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 38%
TTM: 131%
Stock Price CAGR
10 Years: %
5 Years: 65%
3 Years: 129%
1 Year: 197%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10
Reserves 33 38 45 54 65
33 40 48 48 55
6 5 10 6 7
Total Liabilities 82 92 113 118 137
12 13 16 15 14
CWIP 3 6 11 18 19
Investments 0 0 0 0 0
67 73 86 86 104
Total Assets 82 92 113 118 137

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 1 7 5
-5 -5 -11 -3
4 3 6 -4
Net Cash Flow 1 -2 2 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 32 46 51 34
Inventory Days 118 141 88 123
Days Payable 17 9 12 2
Cash Conversion Cycle 133 177 127 155
Working Capital Days 160 182 116 149
ROCE % 10% 12% 13%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
62.56% 63.65% 65.70% 66.41% 66.74% 68.63% 69.49% 70.88% 70.88% 67.12% 63.85% 63.85%
37.44% 36.35% 34.30% 33.59% 33.27% 31.37% 30.50% 29.13% 29.12% 32.88% 36.15% 36.15%
No. of Shareholders 249206179165147127122114116110141166

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