Andhra Paper Ltd

Andhra Paper Ltd

₹ 568 2.05%
28 Jun - close price
About

Andhra Paper is engaged in the Business of Manufacture and sale of paper, pulp and paper & paper board.
[1]

Key Points

Product Portfolio
The company produces writing & printing paper, copier, and a wide range of specialty paper used in a diverse range of applications such as photos, batteries, cups, charts, and other packing solutions [1]

  • Market Cap 2,258 Cr.
  • Current Price 568
  • High / Low 675 / 407
  • Stock P/E 6.65
  • Book Value 476
  • Dividend Yield 2.20 %
  • ROCE 25.2 %
  • ROE 19.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.19 times its book value

Cons

  • Working capital days have increased from 80.7 days to 182 days

* 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: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

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
362 258 349 346 426 452 485 571 590 478 482 477 364
303 217 314 284 344 328 339 334 362 323 351 367 329
Operating Profit 60 42 35 62 82 124 146 237 229 155 131 110 35
OPM % 16% 16% 10% 18% 19% 27% 30% 41% 39% 32% 27% 23% 10%
4 12 9 7 16 9 13 16 -2 22 21 24 28
Interest 2 1 1 1 2 1 1 1 3 1 1 1 1
Depreciation 18 18 18 18 18 17 15 16 16 16 17 17 17
Profit before tax 45 35 25 50 78 114 143 236 208 159 135 116 46
Tax % 27% 26% 26% 26% 26% 26% 20% 28% 26% 26% 25% 29% 16%
32 26 19 37 57 85 113 170 154 119 100 82 38
EPS in Rs 8.13 6.57 4.74 9.37 14.45 21.36 28.52 42.79 38.70 29.81 25.22 20.74 9.66
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,230 1,092 1,163 1,124 1,172 1,264 1,427 1,270 887 1,380 2,098 1,801
1,115 1,030 1,068 992 1,002 1,038 1,047 965 826 1,156 1,359 1,370
Operating Profit 116 61 95 131 170 226 380 304 61 224 738 431
OPM % 9% 6% 8% 12% 15% 18% 27% 24% 7% 16% 35% 24%
7 13 12 39 -22 -7 7 13 11 42 33 95
Interest 55 43 45 40 34 26 9 5 5 5 7 4
Depreciation 88 87 69 73 70 66 68 76 73 72 63 66
Profit before tax -21 -56 -6 56 44 126 311 236 -6 188 701 456
Tax % -14% 26% 104% 35% 27% 34% 36% 10% 26% 26% 25% 25%
-24 -42 0 37 32 83 200 213 -5 140 522 340
EPS in Rs -5.96 -10.46 0.06 9.28 8.15 20.89 50.31 53.54 -1.16 35.13 131.37 85.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% -432% 21% 10% 12%
Compounded Sales Growth
10 Years: 5%
5 Years: 5%
3 Years: 27%
TTM: -14%
Compounded Profit Growth
10 Years: 26%
5 Years: 11%
3 Years: 337%
TTM: -36%
Stock Price CAGR
10 Years: 8%
5 Years: 6%
3 Years: 32%
1 Year: 36%
Return on Equity
10 Years: 19%
5 Years: 21%
3 Years: 25%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

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 40 40 40 40 40 40 40 40 40 40 40 40
Reserves 417 375 374 411 438 524 724 936 935 1,054 1,542 1,853
449 564 502 477 359 208 15 9 44 59 55 114
302 336 330 340 317 325 407 336 313 345 367 443
Total Liabilities 1,208 1,315 1,246 1,268 1,155 1,097 1,186 1,321 1,333 1,498 2,005 2,451
821 877 833 820 798 742 707 680 619 585 577 795
CWIP 22 10 16 17 3 4 8 2 9 8 29 114
Investments 16 15 15 15 10 15 16 44 219 383 887 1,029
348 413 382 415 344 336 455 595 486 523 512 513
Total Assets 1,208 1,315 1,246 1,268 1,155 1,097 1,186 1,321 1,333 1,498 2,005 2,451

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
174 20 128 111 172 215 310 177 104 202 536 319
-90 -89 -31 -38 -29 -31 -110 -167 -114 -181 -498 -334
-90 68 -108 -67 -145 -175 -201 -11 11 -12 -41 5
Net Cash Flow -5 -0 -11 6 -3 9 -1 -0 1 9 -3 -10

Ratios

Figures in Rs. Crores

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 14 20 20 23 21 20 19 12 31 27 26 12
Inventory Days 114 172 141 151 131 113 120 216 169 80 77 102
Days Payable 82 121 110 110 99 97 130 125 134 89 87 98
Cash Conversion Cycle 46 71 52 64 54 37 8 102 66 17 16 16
Working Capital Days -1 14 -28 28 -20 8 18 43 57 44 17 182
ROCE % 5% -1% 4% 7% 12% 21% 42% 27% 0% 18% 52%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.20% 72.20% 72.20% 72.20% 72.20% 72.24% 72.24% 72.24% 72.31% 72.31% 72.31% 72.31%
0.00% 0.00% 0.00% 0.19% 0.26% 0.93% 0.99% 1.28% 1.97% 2.65% 2.62% 2.33%
12.90% 12.26% 11.67% 9.17% 8.84% 7.18% 6.75% 6.29% 5.13% 2.55% 2.21% 2.60%
14.90% 15.54% 16.13% 18.44% 18.70% 19.67% 20.03% 20.20% 20.59% 22.47% 22.85% 22.75%
No. of Shareholders 15,36516,09815,05214,24815,55117,85918,91119,75622,60727,44534,60137,937

* 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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