Adarsh Plant Protect Ltd

Adarsh Plant Protect Ltd

₹ 33.7 4.99%
26 Dec 4:01 p.m.
About

Incorporated in 1992, Adarsh Plant Protect Ltd is in the business of Industrial packaging (Barrels), Agriculture equipment and Smokeless chulhas[1]

Key Points

Business Segments:[1]
a) Barrel and Industrial packaging:
This segment caters to packing needs of chemical, oil, lubricants and pharmaceutical sectors
b) Agriculture - Plant Protection equipment:
Company manufactures equipment that help farmers in various plant protection activities by handling fertilizers, pesticides and seed cleaning processes
c) Eco Friendly:
Company manufactures environment friendly smokeless chulha to help in reducing smoke and carbon emissions

  • Market Cap 33.4 Cr.
  • Current Price 33.7
  • High / Low 40.0 / 21.1
  • Stock P/E 63.0
  • Book Value 1.61
  • Dividend Yield 0.00 %
  • ROCE 11.7 %
  • ROE 40.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%

Cons

  • Stock is trading at 20.9 times its book value
  • Company might be capitalizing the interest cost

* 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

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3.54 4.69 4.68 4.79 5.11 3.15 4.16 3.83 3.90 5.45 5.46 4.06 5.18
3.34 4.35 5.29 4.47 4.97 3.25 4.05 3.70 3.79 5.24 5.16 4.17 4.80
Operating Profit 0.20 0.34 -0.61 0.32 0.14 -0.10 0.11 0.13 0.11 0.21 0.30 -0.11 0.38
OPM % 5.65% 7.25% -13.03% 6.68% 2.74% -3.17% 2.64% 3.39% 2.82% 3.85% 5.49% -2.71% 7.34%
0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.06 0.06 0.02 0.05 0.06 0.07 0.03 0.04 0.08 0.04 0.05 0.04 0.05
Depreciation 0.01 0.01 0.01 0.01 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Profit before tax 0.15 0.27 -0.64 0.26 0.06 -0.18 0.06 0.07 0.01 0.15 0.23 -0.17 0.31
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.14 0.26 -0.65 0.26 0.06 -0.17 0.06 0.08 0.02 0.16 0.23 -0.17 0.31
EPS in Rs 0.14 0.26 -0.66 0.26 0.06 -0.17 0.06 0.08 0.02 0.16 0.23 -0.17 0.31
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 TTM
3.02 7.84 8.86 9.83 10.65 10.88 10.34 12.70 12.63 17.12 17.20 18.65 20.15
3.12 7.58 8.90 9.15 10.11 11.50 10.98 12.51 12.18 16.81 16.80 17.89 19.37
Operating Profit -0.10 0.26 -0.04 0.68 0.54 -0.62 -0.64 0.19 0.45 0.31 0.40 0.76 0.78
OPM % -3.31% 3.32% -0.45% 6.92% 5.07% -5.70% -6.19% 1.50% 3.56% 1.81% 2.33% 4.08% 3.87%
0.66 0.08 0.06 0.05 0.06 0.03 0.03 0.05 0.01 0.03 0.02 0.00 0.00
Interest 0.39 0.49 0.53 0.47 0.46 0.56 0.33 0.19 0.20 0.19 0.21 0.21 0.18
Depreciation 0.32 0.26 0.22 0.22 0.07 0.05 0.03 0.04 0.04 0.05 0.08 0.06 0.08
Profit before tax -0.15 -0.41 -0.73 0.04 0.07 -1.20 -0.97 0.01 0.22 0.10 0.13 0.49 0.52
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.15 -0.41 -0.73 0.03 0.08 -1.20 -0.97 0.01 0.22 0.10 0.14 0.49 0.53
EPS in Rs -0.15 -0.41 -0.74 0.03 0.08 -1.21 -0.98 0.01 0.22 0.10 0.14 0.49 0.53
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 9%
5 Years: 13%
3 Years: 14%
TTM: 34%
Compounded Profit Growth
10 Years: 12%
5 Years: 20%
3 Years: 31%
TTM: 5400%
Stock Price CAGR
10 Years: 15%
5 Years: 61%
3 Years: 37%
1 Year: 28%
Return on Equity
10 Years: -12%
5 Years: 24%
3 Years: 25%
Last Year: 40%

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 Sep 2024
Equity Capital 9.90 9.90 9.90 9.91 9.91 9.91 9.91 9.91 9.91 9.91 9.91 9.91 9.91
Reserves -6.07 -6.48 -7.32 -7.29 -7.23 -8.44 -9.42 -9.40 -9.19 -9.08 -8.94 -8.45 -8.31
3.00 3.64 3.39 3.47 4.38 5.51 5.57 5.71 6.20 5.67 5.02 4.51 4.46
2.04 0.99 1.92 1.28 0.85 0.71 1.53 1.34 1.54 1.91 1.85 2.96 3.57
Total Liabilities 8.87 8.05 7.89 7.37 7.91 7.69 7.59 7.56 8.46 8.41 7.84 8.93 9.63
0.50 0.42 0.27 0.25 0.42 0.38 0.42 0.38 0.37 0.48 0.53 0.49 0.67
CWIP 0.01 0.03 0.03 0.03 0.05 0.05 0.06 0.06 0.06 0.08 0.06 0.06 0.06
Investments 0.05 0.05 0.05 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8.31 7.55 7.54 7.04 7.44 7.26 7.11 7.12 8.03 7.85 7.25 8.38 8.90
Total Assets 8.87 8.05 7.89 7.37 7.91 7.69 7.59 7.56 8.46 8.41 7.84 8.93 9.63

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
-1.36 0.48 2.01 0.49 -0.07 -0.54 0.32 -0.04 -0.04 0.87 1.04 0.89
0.65 0.02 0.02 -0.04 -0.24 0.00 -0.06 0.01 0.01 -0.18 -0.15 -0.02
0.71 -0.28 -2.19 -0.33 0.19 0.56 -0.25 -0.04 -0.04 -0.70 -0.86 -0.72
Net Cash Flow 0.00 0.22 -0.16 0.12 -0.12 0.02 0.01 -0.07 -0.07 -0.01 0.04 0.14

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 514.87 54.01 72.51 54.21 121.67 117.75 111.55 100.30 112.71 77.39 67.91 65.17
Inventory Days 453.78 122.17 135.94 166.99 167.07 118.00 138.51 109.31 111.80 91.53 87.78 105.23
Days Payable 138.11 43.47 65.80 63.36 31.44 19.81 55.95 38.98 49.86 38.51 36.11 61.26
Cash Conversion Cycle 830.54 132.70 142.65 157.84 257.30 215.94 194.11 170.63 174.64 130.41 119.57 109.14
Working Capital Days 560.79 101.49 98.87 105.45 211.80 205.31 186.03 157.78 178.31 121.31 108.86 97.86
ROCE % -6.14% 1.15% -3.07% 8.46% 8.06% -9.12% -9.82% 3.26% 6.39% 4.32% 5.44% 11.71%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.91% 67.45% 67.45% 68.04% 68.05% 69.36% 69.87% 70.53% 70.63% 70.63% 70.63% 70.63%
33.09% 32.55% 32.55% 31.96% 31.95% 30.64% 30.15% 29.46% 29.39% 29.37% 29.39% 29.38%
No. of Shareholders 4,7135,2435,2625,2025,1625,1895,1965,2575,1605,2665,2505,219

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