XPRO India Ltd

XPRO India Ltd

₹ 998 -2.60%
24 Jun - close price
About

XPRO India Ltd is engaged mainly in the business of polymers processing at multiple locations and is a leading manufacturer in India of Coextruded Plastic Films, thermoformed liners and specialty films (including dielectric films and special purpose BOPP Films).

Key Points

Coex Division (~67.74 % of revenues)[1]
The company's Coex Division manufactures coextruded sheets, thermoformed refrigerator liners and co-extruded cast films. Its products are used for refrigerator liners, disposable containers, automotive parts, etc.[2] It continues to be a leading supplier of sheets and liners in India for white goods of most leading brands.[3]

  • Market Cap 2,200 Cr.
  • Current Price 998
  • High / Low 1,298 / 794
  • Stock P/E 48.5
  • Book Value 254
  • Dividend Yield 0.20 %
  • ROCE 16.0 %
  • ROE 11.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 92.6% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -2.80%
  • The company has delivered a poor sales growth of 6.17% over past five years.

* 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: Plastic products Industry: Plastics Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
148 91 127 111 143 160 134 93 124 131 110 96 128
130 80 109 94 126 137 115 80 105 112 95 81 112
Operating Profit 18 11 17 18 17 23 19 13 19 19 15 15 17
OPM % 12% 12% 14% 16% 12% 14% 14% 14% 16% 15% 14% 16% 13%
1 0 0 0 1 1 1 2 1 1 3 3 3
Interest 3 3 3 3 2 2 2 2 2 2 1 1 1
Depreciation 3 3 3 3 3 3 3 3 3 3 3 3 3
Profit before tax 12 5 11 12 13 19 15 10 15 16 14 14 17
Tax % 22% 0% 0% 0% -33% 0% -5% 36% 72% 28% 30% 26% 25%
10 5 11 12 17 19 16 6 4 11 9 11 12
EPS in Rs 5.45 2.84 6.12 6.56 9.86 10.47 9.08 3.65 2.34 6.20 4.59 5.17 5.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
226 243 259 275 318 307 345 354 370 469 509 465
220 240 256 262 292 286 318 324 330 405 434 399
Operating Profit 6 3 3 14 26 21 27 30 40 64 74 66
OPM % 3% 1% 1% 5% 8% 7% 8% 8% 11% 14% 15% 14%
9 6 5 2 4 27 8 1 2 2 4 10
Interest 11 12 13 22 25 21 20 19 17 13 8 5
Depreciation 11 11 14 18 17 16 13 12 12 12 12 11
Profit before tax -7 -15 -19 -25 -12 11 2 0 13 41 59 60
Tax % 43% 31% 26% -41% -1% 0% 2% 2% 38% -11% 23% 27%
-4 -10 -14 -35 -12 10 2 0 8 45 45 44
EPS in Rs -2.35 -5.94 -7.93 -20.07 -7.03 5.93 1.31 0.23 4.72 25.38 24.91 19.91
Dividend Payout % -28% 0% 0% 0% 0% 0% 0% 0% 0% 5% 8% 10%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 8%
TTM: -8%
Compounded Profit Growth
10 Years: 20%
5 Years: 93%
3 Years: 76%
TTM: 1%
Stock Price CAGR
10 Years: 45%
5 Years: 116%
3 Years: 104%
1 Year: 18%
Return on Equity
10 Years: 6%
5 Years: 17%
3 Years: 20%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 12 12 12 12 12 12 12 12 12 12 18 22
Reserves 131 121 105 70 57 68 70 70 78 123 184 538
165 187 178 181 215 190 172 168 135 90 39 39
60 78 92 96 70 80 64 66 83 110 99 78
Total Liabilities 368 397 386 359 354 349 317 316 308 335 340 677
91 104 250 251 226 202 188 188 179 168 160 151
CWIP 125 166 1 0 0 1 4 0 0 0 3 22
Investments 0 0 0 0 0 0 0 0 0 5 5 5
152 127 135 107 128 147 125 128 129 161 173 500
Total Assets 368 397 386 359 354 349 317 316 308 335 340 677

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-15 4 -3 14 24 34 29 38 48 49 83 44
-108 -58 18 -4 -2 28 7 -6 -2 -10 -58 -320
99 24 -16 -10 -20 -63 -38 -27 -51 -21 -43 278
Net Cash Flow -24 -30 0 -0 1 -0 -2 5 -5 17 -19 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 56 47 57 49 66 59 60 54 65 52 37 43
Inventory Days 59 57 58 57 52 63 52 59 57 51 49 53
Days Payable 80 75 91 78 82 93 77 81 100 65 53 57
Cash Conversion Cycle 35 30 24 28 36 30 36 33 22 38 33 39
Working Capital Days 46 20 0 -11 16 26 31 27 37 40 31 38
ROCE % 1% -1% -2% -0% 5% 4% 8% 8% 13% 24% 28%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 51.37% 51.37% 45.26% 45.26% 42.46%
0.00% 0.10% 0.67% 0.62% 0.50% 0.41% 0.18% 0.04% 0.08% 11.99% 12.04% 14.97%
0.07% 0.07% 0.07% 0.07% 0.09% 0.09% 0.09% 0.70% 0.77% 0.67% 0.52% 3.09%
0.03% 0.03% 0.03% 0.03% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
49.87% 49.78% 49.20% 49.25% 49.35% 49.43% 49.67% 47.84% 47.73% 42.05% 42.13% 39.45%
No. of Shareholders 20,33621,21524,30326,48628,19830,38930,06829,89628,92228,76929,17928,186

* 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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