Raj Packaging Industries Ltd

Raj Packaging Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Raj Packaging Industries Ltd

₹ 29.6 3.61%
26 Dec 4:01 p.m.
rajpack.com BSE: 530111
About

Incorporated in 1987, Raj Packaging Industries
Ltd manufactures multilayer co-extruded plastic
film and flexible packaging material[1]

Key Points

Product Profile:[1]
a) Multilayer films: These are used in packaging industry due to convenience and better shelf life
b) Laminates: Company offers High impact multilayer printed/unprinted Laminates for all purpose
c) Shrink Films: Company provides shrink wrap films and pouches for food and non-food industries

Website BSE
  • Market Cap ₹ 13.5 Cr.
  • Current Price ₹ 29.6
  • High / Low ₹ 38.7 / 22.6
  • Stock P/E
  • Book Value ₹ 28.6
  • Dividend Yield 0.00 %
  • ROCE -8.77 %
  • ROE -10.4 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.03 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.61% over past five years.
  • Promoter holding is low: 36.1%
  • Company has a low return on equity of 0.09% over last 3 years.

* 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
10.39 13.53 14.76 13.62 12.41 10.71 10.14 8.37 7.13 7.05 7.51 8.02 7.16
9.62 12.32 13.81 13.02 12.46 10.79 10.13 8.52 7.33 7.41 7.45 7.67 7.38
Operating Profit 0.77 1.21 0.95 0.60 -0.05 -0.08 0.01 -0.15 -0.20 -0.36 0.06 0.35 -0.22
OPM % 7.41% 8.94% 6.44% 4.41% -0.40% -0.75% 0.10% -1.79% -2.81% -5.11% 0.80% 4.36% -3.07%
0.11 0.02 0.11 0.01 0.01 0.11 0.23 0.06 0.02 0.01 0.05 0.02 0.03
Interest 0.16 0.16 0.19 0.15 0.13 0.13 0.12 0.11 0.10 0.11 0.09 0.09 0.11
Depreciation 0.24 0.25 0.24 0.25 0.25 0.25 0.24 0.24 0.24 0.24 0.25 0.14 0.14
Profit before tax 0.48 0.82 0.63 0.21 -0.42 -0.35 -0.12 -0.44 -0.52 -0.70 -0.23 0.14 -0.44
Tax % 25.00% 25.61% 28.57% 28.57% -28.57% -28.57% -16.67% -25.00% -25.00% -25.71% -26.09% 21.43% -25.00%
0.36 0.62 0.45 0.16 -0.30 -0.25 -0.11 -0.33 -0.39 -0.52 -0.18 0.10 -0.33
EPS in Rs 0.79 1.36 0.98 0.35 -0.66 -0.55 -0.24 -0.72 -0.85 -1.14 -0.39 0.22 -0.72
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
32.99 42.68 44.85 38.81 38.57 38.26 34.26 34.05 40.29 50.65 46.86 30.02 29.74
31.08 39.64 41.30 35.72 35.41 35.33 32.67 31.61 36.04 46.53 46.34 30.68 29.91
Operating Profit 1.91 3.04 3.55 3.09 3.16 2.93 1.59 2.44 4.25 4.12 0.52 -0.66 -0.17
OPM % 5.79% 7.12% 7.92% 7.96% 8.19% 7.66% 4.64% 7.17% 10.55% 8.13% 1.11% -2.20% -0.57%
0.09 0.05 0.20 0.25 0.13 0.11 0.11 0.21 0.08 0.23 0.33 0.15 0.11
Interest 1.41 1.40 1.49 1.18 1.05 0.88 1.08 1.11 0.73 0.72 0.54 0.41 0.40
Depreciation 0.65 0.65 0.69 0.66 0.66 0.68 0.84 1.04 0.96 0.97 0.98 0.98 0.77
Profit before tax -0.06 1.04 1.57 1.50 1.58 1.48 -0.22 0.50 2.64 2.66 -0.67 -1.90 -1.23
Tax % -33.33% 13.46% 46.50% 34.00% 33.54% 18.92% -27.27% 36.00% 28.79% 23.31% -26.87% -25.26%
-0.04 0.89 0.84 0.99 1.04 1.21 -0.16 0.32 1.88 2.05 -0.50 -1.42 -0.93
EPS in Rs -0.10 2.03 1.84 2.17 2.28 2.65 -0.35 0.70 4.11 4.49 -1.09 -3.11 -2.03
Dividend Payout % 0.00% 0.00% 27.20% 23.08% 21.97% 18.88% 0.00% 0.00% 12.15% 11.15% 0.00% 0.00%
Compounded Sales Growth
10 Years: -3%
5 Years: -3%
3 Years: -9%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 14%
Stock Price CAGR
10 Years: -3%
5 Years: 3%
3 Years: 6%
1 Year: -7%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 0%
Last Year: -10%

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 4.17 4.39 4.57 4.57 4.57 4.57 4.57 4.57 4.57 4.57 4.57 4.57 4.57
Reserves 2.65 3.72 4.37 5.08 6.08 7.03 6.62 6.93 8.85 10.72 10.13 8.73 8.50
9.73 10.30 8.55 7.25 8.24 7.04 12.83 9.05 8.31 7.99 3.79 2.88 5.66
4.07 5.34 5.05 4.71 3.86 4.67 3.34 3.50 3.95 5.44 3.43 1.93 2.48
Total Liabilities 20.62 23.75 22.54 21.61 22.75 23.31 27.36 24.05 25.68 28.72 21.92 18.11 21.21
7.55 7.15 6.39 6.06 5.27 5.01 10.13 9.58 8.85 8.06 7.15 6.32 6.07
CWIP 0.00 0.00 0.00 0.00 0.00 0.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.01 0.03 0.03 0.04 0.00 0.00
13.06 16.59 16.14 15.54 17.47 18.13 17.21 14.46 16.80 20.63 14.73 11.79 15.14
Total Assets 20.62 23.75 22.54 21.61 22.75 23.31 27.36 24.05 25.68 28.72 21.92 18.11 21.21

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
1.84 2.03 2.35 2.85 1.29 3.90 2.16 3.06 1.76 1.13 4.61 1.42
0.02 -0.19 -0.08 -0.32 -0.03 -0.53 -5.75 -0.48 -0.28 -0.08 0.13 -0.09
-1.95 -1.96 -2.24 -2.55 -0.26 -2.35 3.57 -4.58 -1.48 -1.06 -4.74 -1.32
Net Cash Flow -0.09 -0.12 0.03 -0.02 1.01 1.02 -0.03 -2.00 0.00 0.00 0.00 0.00

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 88.51 93.13 83.17 92.36 98.61 88.15 70.53 91.22 104.36 97.21 54.91 78.30
Inventory Days 35.43 31.04 26.31 37.78 36.15 43.65 64.27 58.13 53.12 56.26 57.92 67.36
Days Payable 33.18 38.27 33.49 38.03 31.62 41.59 26.48 31.23 31.45 38.03 23.32 20.12
Cash Conversion Cycle 90.76 85.90 76.00 92.11 103.14 90.21 108.32 118.11 126.03 115.44 89.51 125.55
Working Capital Days 82.32 86.89 86.10 107.97 123.97 105.89 119.11 113.09 121.67 112.78 88.41 116.48
ROCE % 8.13% 13.96% 17.05% 15.59% 14.70% 12.58% 3.89% 7.22% 15.94% 14.62% -0.62% -8.77%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
37.12% 37.21% 37.29% 37.22% 36.16% 35.77% 32.55% 32.59% 32.66% 36.12% 36.12% 36.12%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00%
62.87% 62.78% 62.69% 62.77% 63.84% 64.22% 67.45% 67.39% 67.34% 63.88% 63.88% 63.89%
No. of Shareholders 2,3582,5312,5742,5402,5302,3462,3152,3542,4632,4962,5432,679

* 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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