Ester Industries Ltd

Ester Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ester Industries Ltd

₹ 115 -0.78%
28 Jun 2:59 p.m.
esterindustries.com BSE: 500136 NSE: ESTER
About

Ester is backed by 30 years of industry expertise in Industries Limited is into manufacturing Polyester Films, Polyster Chips, Specialty Polymers and Engineering Plastic compounds. The company is headquartered in the National Capital Region of India (Gurgaon). The company serves varying markets like food packaging, processed food, fresh food, food on the go, shelf stable, ready to eat, liquids, beverage packaging, beverage packaging, home and personal care, industrial packaging, constructions, automotive, optical fibre cable.
[1]

Key Points

Business Overview
Company engaged in the manufacture of Polyester Films, Specialty Polymers and Polyester Chips. It manufactures and markets its Polyester Films under the brand ‘UmaPET’’. [1]

Website BSE NSE
  • Market Cap ₹ 1,082 Cr.
  • Current Price ₹ 115
  • High / Low ₹ 132 / 80.2
  • Stock P/E
  • Book Value ₹ 87.9
  • Dividend Yield 0.43 %
  • ROCE -1.70 %
  • ROE -5.41 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.58%
  • The company has delivered a poor sales growth of -3.61% over past five years.
  • Company has a low return on equity of 12.4% over last 3 years.
  • Contingent liabilities of Rs.452 Cr.
  • Earnings include an other income of Rs.26.3 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
297.03 259.92 258.78 288.45 303.10 324.29 304.22 196.66 252.31 198.11 237.59 203.84 215.85
238.25 219.98 221.08 243.43 252.86 264.51 277.86 198.28 236.80 193.97 241.25 212.13 211.46
Operating Profit 58.78 39.94 37.70 45.02 50.24 59.78 26.36 -1.62 15.51 4.14 -3.66 -8.29 4.39
OPM % 19.79% 15.37% 14.57% 15.61% 16.58% 18.43% 8.66% -0.82% 6.15% 2.09% -1.54% -4.07% 2.03%
1.59 18.51 16.13 13.93 11.29 10.20 123.14 7.77 3.37 8.37 6.39 7.10 4.41
Interest 5.69 4.94 5.30 6.05 8.57 6.63 7.83 7.61 8.09 9.23 9.56 9.23 9.31
Depreciation 8.73 8.75 9.02 9.47 9.47 9.52 9.79 9.97 9.74 10.03 10.45 10.87 11.45
Profit before tax 45.95 44.76 39.51 43.43 43.49 53.83 131.88 -11.43 1.05 -6.75 -17.28 -21.29 -11.96
Tax % 26.22% 15.95% 16.48% 18.17% 24.79% 21.83% 3.77% 22.83% -178.10% 21.78% 26.16% 24.24% 23.41%
33.89 37.62 32.99 35.54 32.71 42.09 126.90 -8.83 2.93 -5.28 -12.76 -16.13 -9.16
EPS in Rs 4.06 4.51 3.96 4.26 3.92 5.05 15.22 -1.06 0.35 -0.63 -1.53 -1.93 -0.97
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
884 928 895 768 703 807 1,028 1,039 992 1,110 1,077 855
842 853 823 696 660 740 919 848 756 937 977 859
Operating Profit 42 74 72 72 43 66 109 191 236 173 101 -3
OPM % 5% 8% 8% 9% 6% 8% 11% 18% 24% 16% 9% -0%
5 5 2 3 6 5 5 7 8 60 142 26
Interest 26 35 37 36 33 33 34 24 19 25 30 37
Depreciation 29 30 32 32 32 31 32 35 35 37 39 43
Profit before tax -8 14 5 7 -16 7 47 139 190 171 173 -57
Tax % 33% 41% 21% 33% 33% 29% 34% 28% 25% 19% 7% 24%
-5 8 4 5 -11 5 31 100 142 139 161 -43
EPS in Rs -0.84 1.34 0.61 0.55 -1.28 0.63 3.73 11.93 17.04 16.65 19.31 -4.61
Dividend Payout % 0% 37% 0% 0% 0% 0% 13% 21% 20% 20% 3% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -4%
3 Years: -5%
TTM: -21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -127%
Stock Price CAGR
10 Years: 18%
5 Years: 31%
3 Years: -4%
1 Year: 4%
Return on Equity
10 Years: 12%
5 Years: 17%
3 Years: 12%
Last Year: -5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 31 31 31 42 42 42 42 42 42 42 42 47
Reserves 227 233 236 252 235 242 273 366 475 587 733 779
Preference Capital 0 0 0 0 0 4 4 5 5 1 0
335 363 376 316 310 303 243 151 203 319 386 367
60 72 72 80 94 117 108 132 144 154 116 99
Total Liabilities 653 699 715 689 681 704 665 691 864 1,101 1,276 1,292
376 390 399 385 416 399 387 364 377 388 371 397
CWIP 5 18 12 23 2 1 3 23 22 19 78 82
Investments 0 0 0 0 0 0 0 0 98 181 424 442
272 291 304 280 263 304 275 304 367 513 403 371
Total Assets 653 699 715 689 681 704 665 691 864 1,101 1,276 1,292

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
23 52 68 81 50 51 117 172 151 79 138 66
-27 -57 -36 -20 -11 -15 -23 -51 -154 -122 -156 -37
4 -2 -18 -75 -38 -36 -94 -120 3 65 24 43
Net Cash Flow -0 -7 14 -14 -0 -0 -0 0 0 23 5 72

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 45 49 48 53 60 67 44 43 56 64 46 46
Inventory Days 69 69 74 96 92 77 65 65 98 110 73 69
Days Payable 11 11 11 18 15 26 12 19 27 34 14 22
Cash Conversion Cycle 103 106 111 131 137 118 97 88 126 140 106 93
Working Capital Days 78 78 78 87 88 85 70 66 92 118 85 110
ROCE % 3% 8% 7% 7% 3% 7% 14% 29% 32% 17% 7%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.04% 64.04% 64.04% 64.04% 64.04% 64.04% 64.04% 64.04% 64.04% 64.04% 64.04% 62.45%
1.19% 0.40% 0.28% 0.34% 0.39% 0.26% 0.25% 0.32% 0.16% 0.04% 0.03% 0.04%
0.03% 0.03% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
34.74% 35.53% 35.66% 35.60% 35.55% 35.68% 35.69% 35.62% 35.78% 35.91% 35.92% 37.50%
No. of Shareholders 33,97736,41434,14739,47738,56536,67439,66140,80240,44541,56441,44741,428

* 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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