Orient Paper & Industries Ltd

Orient Paper & Industries Ltd

₹ 55.0 -1.15%
28 Jun - close price
About

Orient Paper & Industries Ltd is engaged in manufacturing and selling of paper and other products including Caustic soda Lye, C.S Flakes, Liquid Chlorine and Hydrochloric Acid.[1][2]

Key Points

Part of C.K. Birla Group
The C.K. Birla group is a leading industrial group of India having presence in diverse businesses like auto ancillary products, cement, paper, fan and IT solutions and services through its various group entities. Being part of the C. K. Birla group provides significant financial flexibility to the company. [1]

  • Market Cap 1,166 Cr.
  • Current Price 55.0
  • High / Low 59.8 / 40.0
  • Stock P/E 187
  • Book Value 76.3
  • Dividend Yield 1.82 %
  • ROCE 2.29 %
  • ROE 0.40 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.72 times its book value
  • Company has been maintaining a healthy dividend payout of 29.4%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 1.45% over last 3 years.
  • Contingent liabilities of Rs.2,407 Cr.
  • Earnings include an other income of Rs.25.2 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: Paper Industry: Paper

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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
154.57 90.80 139.52 164.19 191.14 211.22 220.14 253.13 258.48 243.27 142.94 203.37 242.37
149.25 100.10 152.98 162.98 186.50 201.35 205.32 184.35 189.99 188.87 154.43 185.95 241.60
Operating Profit 5.32 -9.30 -13.46 1.21 4.64 9.87 14.82 68.78 68.49 54.40 -11.49 17.42 0.77
OPM % 3.44% -10.24% -9.65% 0.74% 2.43% 4.67% 6.73% 27.17% 26.50% 22.36% -8.04% 8.57% 0.32%
3.88 1.10 3.91 0.75 3.41 2.44 6.50 1.17 19.03 10.51 5.74 3.69 5.24
Interest 1.87 1.06 1.33 1.25 1.33 1.17 1.89 1.59 5.75 5.00 7.43 8.81 7.66
Depreciation 7.97 7.93 7.83 7.72 7.72 7.71 7.78 7.52 10.03 10.07 10.05 11.21 12.29
Profit before tax -0.64 -17.19 -18.71 -7.01 -1.00 3.43 11.65 60.84 71.74 49.84 -23.23 1.09 -13.94
Tax % -500.00% 33.28% 37.52% 49.93% -120.00% 34.99% 35.11% 35.06% 30.37% 35.41% 29.75% 395.41% 53.95%
-3.83 -11.47 -11.69 -3.51 -2.20 2.23 7.55 39.51 49.95 32.18 -16.32 -3.22 -6.42
EPS in Rs -0.18 -0.54 -0.55 -0.17 -0.10 0.11 0.36 1.86 2.35 1.52 -0.77 -0.15 -0.30
Raw PDF

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
1,268 1,575 1,667 1,819 511 661 710 607 443 586 943 832
1,275 1,529 1,640 1,719 510 549 572 559 477 602 781 771
Operating Profit -7 46 27 99 1 112 138 48 -33 -17 162 61
OPM % -1% 3% 2% 5% 0% 17% 19% 8% -8% -3% 17% 7%
17 39 19 17 77 11 34 12 10 9 29 25
Interest 19 37 44 51 21 15 10 5 7 5 10 29
Depreciation 37 47 44 44 25 28 32 33 32 31 33 44
Profit before tax -45 1 -42 21 33 80 130 21 -63 -44 148 14
Tax % 29% -190% 32% 2% -16% 38% 22% 5% 26% 34% 33% 55%
-32 4 -29 21 38 49 102 20 -47 -29 99 6
EPS in Rs -1.52 0.20 -1.35 0.99 1.79 2.32 4.79 0.94 -2.19 -1.36 4.68 0.29
Dividend Payout % -6% 48% -7% 24% 56% 43% 23% 53% -11% -18% 21% 85%
Compounded Sales Growth
10 Years: -6%
5 Years: 3%
3 Years: 23%
TTM: -12%
Compounded Profit Growth
10 Years: 4%
5 Years: -41%
3 Years: 29%
TTM: -93%
Stock Price CAGR
10 Years: 17%
5 Years: 13%
3 Years: 22%
1 Year: 35%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: 1%
Last Year: 0%

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 20 20 20 20 21 21 21 21 21 21 21 21
Reserves 418 412 379 394 1,189 1,296 1,364 1,241 1,447 1,532 1,494 1,598
305 337 380 443 186 90 28 36 88 210 274 321
362 448 444 442 407 401 392 396 404 410 415 486
Total Liabilities 1,106 1,218 1,223 1,299 1,803 1,809 1,805 1,695 1,960 2,173 2,204 2,426
548 518 515 493 1,280 1,354 1,331 1,323 1,311 1,289 1,496 1,597
CWIP 6 2 3 19 86 11 18 53 54 181 71 77
Investments 9 9 9 19 238 297 289 148 436 538 390 497
544 688 697 769 199 148 168 171 159 164 248 254
Total Assets 1,106 1,218 1,223 1,299 1,803 1,809 1,805 1,695 1,960 2,173 2,204 2,426

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
-20 38 36 76 36 126 99 68 -20 -24 62 101
-20 -24 -30 -45 -78 15 1 -47 -7 -87 -98 -98
6 -7 -4 1 -7 -146 -100 -21 35 104 35 -4
Net Cash Flow -34 7 2 31 -49 -5 -1 0 8 -8 -1 -1

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 95 98 79 77 17 20 15 16 19 14 7 6
Inventory Days 62 60 84 77 179 117 138 146 185 100 167 166
Days Payable 111 113 112 94 190 133 153 186 238 136 95 145
Cash Conversion Cycle 46 45 52 60 7 4 0 -24 -33 -21 80 26
Working Capital Days 60 53 49 48 -7 -21 2 -10 -23 -13 22 -1
ROCE % -2% 5% 0% 9% 2% 7% 8% 2% -4% -2% 8%

Shareholding Pattern

Numbers in percentages

26 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
38.74% 38.74% 38.74% 38.74% 38.74% 38.73% 38.73% 38.73% 38.73% 38.73% 38.73% 38.73%
0.07% 0.12% 0.56% 0.79% 0.86% 1.02% 1.39% 0.95% 0.94% 1.83% 0.98% 1.00%
11.56% 11.35% 10.58% 10.58% 9.40% 7.48% 9.38% 8.59% 8.59% 7.77% 3.18% 3.14%
49.64% 49.79% 50.12% 49.89% 51.00% 52.76% 50.49% 51.73% 51.72% 51.66% 57.11% 57.11%
No. of Shareholders 63,70073,67071,27970,53271,57873,56584,47279,97983,15194,0351,01,91099,145

* 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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