Voith Paper Fabrics India Ltd

Voith Paper Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Voith Paper Fabrics India Ltd

₹ 2,007 0.91%
02 Jul - close price
voithpaperfabricsindia.com BSE: 522122
About

Incorporated in 1968, Voith Paper Fabrics India Ltd manufactures and trades paper machine clothing for pulp, paper and board industry[1]

Key Points

Business Overview:[1]
VPFV, a subsidiary of VP Auslandsbeteiligungen GmbH, belongs to Voith Group of Companies, Germany. It is an internationally accredited to QMS (9001:2015), EMS (14001:2015) and OHSAS (45001:2018) company which focuses on paper machine clothing (PMC), fibre-cement sheet making felts and hi-tech textile processing felts. Currently VPFV is the only Indian manufacturer to supply the entire range of machine clothing to paper manufacturers

Website BSE
  • Market Cap ₹ 881 Cr.
  • Current Price ₹ 2,007
  • High / Low ₹ 2,578 / 1,515
  • Stock P/E 24.3
  • Book Value ₹ 793
  • Dividend Yield 0.35 %
  • ROCE 14.7 %
  • ROE 10.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 2.53 times its book value
  • The company has delivered a poor sales growth of 9.90% over past five years.
  • Company has a low return on equity of 10.7% over last 3 years.
  • Dividend payout has been low at 9.45% of profits over last 3 years
  • Working capital days have increased from 82.6 days to 122 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: Textiles Industry: Textiles - Products

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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
31.12 34.56 37.19 34.46 39.03 38.52 44.20 39.06 42.59 44.44 48.18 42.01 44.99
22.43 23.93 28.31 23.52 30.00 28.71 34.04 30.85 29.62 32.37 36.63 30.00 35.50
Operating Profit 8.69 10.63 8.88 10.94 9.03 9.81 10.16 8.21 12.97 12.07 11.55 12.01 9.49
OPM % 27.92% 30.76% 23.88% 31.75% 23.14% 25.47% 22.99% 21.02% 30.45% 27.16% 23.97% 28.59% 21.09%
1.60 1.80 1.72 2.20 2.10 2.19 2.37 3.82 2.79 3.49 3.91 3.51 3.77
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01
Depreciation 1.86 1.88 1.89 1.98 2.03 2.20 2.44 2.41 2.47 2.61 2.66 2.73 2.98
Profit before tax 8.43 10.55 8.71 11.16 9.10 9.80 10.09 9.62 13.29 12.95 12.79 12.78 10.27
Tax % 21.83% 25.02% 28.13% 24.28% 26.59% 25.31% 24.48% 27.44% 26.03% 25.41% 24.71% 25.04% 27.85%
6.59 7.91 6.27 8.45 6.68 7.32 7.62 6.99 9.83 9.66 9.64 9.58 7.41
EPS in Rs 15.00 18.01 14.27 19.24 15.21 16.66 17.35 15.91 22.38 21.99 21.95 21.81 16.87
Raw PDF

Profit & Loss

Figures in Rs. Crores

Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
58 59 102 76 82 94 112 118 119 145 164 180
45 46 77 55 56 69 83 86 83 106 123 134
Operating Profit 13 14 25 21 25 25 29 32 36 39 41 45
OPM % 22% 23% 24% 27% 31% 26% 26% 27% 30% 27% 25% 25%
9 8 14 8 8 9 9 8 8 8 11 15
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 6 5 6 6 6 7 8 8 10 11
Profit before tax 19 19 33 24 27 28 32 33 36 40 43 49
Tax % 30% 34% 35% 34% 35% 34% 29% 26% 24% 26% 26% 26%
13 13 21 15 18 18 23 25 27 29 32 36
EPS in Rs 29.64 29.28 48.67 35.22 40.25 41.25 52.59 55.87 61.63 66.73 72.30 82.62
Dividend Payout % 10% 10% 9% 11% 10% 22% 10% 9% 8% 9% 10% 10%
Compounded Sales Growth
10 Years: 12%
5 Years: 10%
3 Years: 15%
TTM: 9%
Compounded Profit Growth
10 Years: 11%
5 Years: 9%
3 Years: 10%
TTM: 14%
Stock Price CAGR
10 Years: 20%
5 Years: 21%
3 Years: 18%
1 Year: 25%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 11%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 113 124 143 156 173 190 208 230 255 282 311 344
0 0 0 0 0 0 0 0 0 0 0 0
15 18 19 18 16 20 24 23 24 30 35 41
Total Liabilities 132 146 166 179 194 214 236 257 284 316 350 390
21 19 35 46 42 37 50 68 65 72 79 109
CWIP 10 17 8 1 1 10 23 12 12 7 4 3
Investments 0 0 0 0 0 0 0 0 0 0 0 0
100 111 123 131 151 167 163 178 207 237 267 278
Total Assets 132 146 166 179 194 214 236 257 284 316 350 390

Cash Flows

Figures in Rs. Crores

Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 6 16 11 15 23 17 20 28 26 26 26
-7 45 -47 -25 -11 -19 -5 -24 -27 -18 -22 -20
-2 -2 -2 -2 -2 -2 -5 -3 -2 -2 -3 -3
Net Cash Flow 1 50 -32 -16 1 2 7 -6 -1 6 2 3

Ratios

Figures in Rs. Crores

Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 78 101 60 92 91 69 56 54 57 55 54 51
Inventory Days 199 176 119 169 170 97 117 155 196 194 215 206
Days Payable 138 168 120 143 122 114 100 108 134 125 136 107
Cash Conversion Cycle 140 108 59 118 139 52 72 101 118 124 133 150
Working Capital Days 95 70 59 84 84 39 42 56 59 61 65 122
ROCE % 16% 16% 24% 15% 16% 15% 16% 15% 14% 14% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04%
1.18% 1.18% 1.18% 1.18% 1.18% 1.18% 1.18% 1.18% 1.11% 0.64% 0.37% 0.23%
24.77% 24.77% 24.77% 24.77% 24.77% 24.76% 24.76% 24.76% 24.84% 25.31% 25.58% 25.73%
No. of Shareholders 3,9524,0884,1114,4604,3084,7724,6174,5674,9274,9084,8494,828

* 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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