Shree Ajit Pulp and Paper Ltd

Sh. Ajit Pulp Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shree Ajit Pulp and Paper Ltd

₹ 206 -2.76%
22 Nov - close price
shreeajit.com BSE: 538795
About

Incorporated in 1995, Shree Ajit Pulp And Paper Ltd does manufacturing of Kraft Paper (Testliner / Multilayer Testliner) which is mainly used for manufacturing of corrugated boxes[1]

Key Points

Product Profile:[1][2]
Company does manufacturing of Premium Grade Kraft Paper – Testliner (single wire) & Multilayer Testliner (triple wire) with GSM range of 80 – 300 & BF range of 20 – 35. It manufactures M.G. Kraft paper and Multi-layer Test Liner using Waste Paper. The products Fluting Medium, Test Liner & Semi Kraft Liner are available in Natural Shade, while Test Liner and Semi Kraft Liner is available in Ajit Gold Shade

Website BSE
  • Market Cap ₹ 182 Cr.
  • Current Price ₹ 206
  • High / Low ₹ 297 / 174
  • Stock P/E 23.2
  • Book Value ₹ 273
  • Dividend Yield 0.00 %
  • ROCE 2.95 %
  • ROE 2.10 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.75 times its book value
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.78% over past five years.
  • Company has a low return on equity of 6.91% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 2.30% of profits over last 3 years
  • Debtor days have increased from 52.0 to 66.4 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

Standalone Figures in Rs. Crores / View Consolidated

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
101.61 106.79 122.84 103.27 106.23 86.62 75.75 75.87 68.10 43.07 107.47 118.22 111.47
90.62 96.93 113.28 95.75 100.10 76.01 70.84 70.40 63.22 38.08 102.00 107.34 101.48
Operating Profit 10.99 9.86 9.56 7.52 6.13 10.61 4.91 5.47 4.88 4.99 5.47 10.88 9.99
OPM % 10.82% 9.23% 7.78% 7.28% 5.77% 12.25% 6.48% 7.21% 7.17% 11.59% 5.09% 9.20% 8.96%
0.35 0.16 0.12 0.00 0.27 0.16 -0.05 0.82 0.23 -0.05 5.64 0.23 0.04
Interest 0.66 0.79 2.48 2.03 1.18 2.43 0.85 0.84 0.98 0.98 4.61 4.59 4.59
Depreciation 1.85 1.84 1.80 1.82 1.81 1.79 1.79 1.82 1.86 1.85 3.58 3.56 3.59
Profit before tax 8.83 7.39 5.40 3.67 3.41 6.55 2.22 3.63 2.27 2.11 2.92 2.96 1.85
Tax % 29.33% 28.82% 25.37% 28.61% 28.15% 27.63% 34.23% 28.65% 56.39% 30.33% 2.74% 26.35% 26.49%
6.25 5.26 4.04 2.62 2.46 4.74 1.47 2.60 0.98 1.47 2.84 2.18 1.37
EPS in Rs 7.02 5.91 4.54 2.94 2.76 5.33 1.65 2.92 1.10 1.65 3.19 2.45 1.55
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 TTM
174 190 189 222 209 249 270 240 267 418 372 295 380
147 164 169 195 190 225 225 206 221 372 343 274 349
Operating Profit 27 25 19 27 19 24 44 34 45 46 29 21 31
OPM % 16% 13% 10% 12% 9% 10% 16% 14% 17% 11% 8% 7% 8%
0 0 0 0 0 -0 0 1 1 1 0 7 6
Interest 4 3 4 4 4 6 5 4 4 5 6 7 15
Depreciation 4 5 5 5 5 6 7 8 8 7 7 9 13
Profit before tax 20 18 10 18 9 12 33 23 35 35 16 11 10
Tax % 30% 32% 28% 33% 29% 31% 29% 15% 29% 29% 29% 28%
14 12 7 12 6 8 23 20 25 25 11 8 8
EPS in Rs 15.83 13.69 8.00 13.60 7.19 9.27 25.99 22.08 27.70 28.15 12.69 8.87 8.84
Dividend Payout % 2% 2% 4% 3% 6% 5% 2% 2% 2% 2% 5% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: 3%
TTM: 24%
Compounded Profit Growth
10 Years: -9%
5 Years: -28%
3 Years: -43%
TTM: -20%
Stock Price CAGR
10 Years: 16%
5 Years: 10%
3 Years: -2%
1 Year: 12%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 7%
Last Year: 2%

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 Sep 2024
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 8 9
Reserves 52 64 70 82 88 96 119 138 162 187 197 220 233
35 38 34 27 44 51 36 30 24 46 169 226 262
24 29 32 34 36 36 40 37 54 48 51 63 50
Total Liabilities 116 136 142 148 173 188 200 210 246 286 424 516 553
61 83 85 82 89 111 127 134 129 128 140 294 287
CWIP 9 3 1 1 6 2 3 3 1 3 139 44 108
Investments 3 3 4 5 6 6 9 9 9 9 9 1 1
44 47 51 60 73 68 61 65 107 146 136 178 158
Total Assets 116 136 142 148 173 188 200 210 246 286 424 516 553

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
17 17 15 16 14 18 45 32 25 -7 21 19
-13 -17 -7 -4 -27 -18 -24 -14 0 -15 -146 -87
-6 -0 -8 -12 13 1 -21 -10 -10 16 110 66
Net Cash Flow -2 -0 -1 0 0 -0 0 8 15 -7 -15 -2

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 47 50 48 61 55 60 43 51 58 49 41 66
Inventory Days 51 44 59 43 57 50 56 53 78 73 84 118
Days Payable 39 30 37 37 45 35 40 42 57 32 33 76
Cash Conversion Cycle 60 64 70 66 67 75 58 62 79 90 91 108
Working Capital Days 32 40 48 53 60 56 41 47 61 75 79 109
ROCE % 27% 21% 13% 20% 10% 12% 24% 17% 21% 18% 7% 3%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.60% 55.60% 55.60% 55.60% 56.30% 56.30% 56.83% 56.84% 56.84% 59.34% 59.39% 59.39%
44.40% 44.40% 44.40% 44.41% 43.70% 43.71% 43.17% 43.17% 43.17% 40.66% 40.61% 40.61%
No. of Shareholders 1,8521,8671,9521,9291,9781,9061,9211,8991,8952,5922,3982,482

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