Epack Durable Ltd
Incorporated in 2019, EPACK Durable Limited is an Original Design Manufacturer (ODM) of room air conditioners (RAC).[1]
- Market Cap ₹ 3,825 Cr.
- Current Price ₹ 399
- High / Low ₹ 434 / 151
- Stock P/E 73.6
- Book Value ₹ 93.3
- Dividend Yield 0.00 %
- ROCE 8.45 %
- ROE 6.03 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 103 to 54.6 days.
Cons
- Stock is trading at 4.27 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.56% 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: Consumer Durables Industry: Air-conditioners
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|
770 | 736 | 916 | 1,520 | 1,420 | 1,751 | |
734 | 694 | 851 | 1,425 | 1,303 | 1,613 | |
Operating Profit | 37 | 42 | 65 | 95 | 116 | 138 |
OPM % | 5% | 6% | 7% | 6% | 8% | 8% |
1 | 3 | 4 | 0 | 9 | 14 | |
Interest | 22 | 26 | 23 | 31 | 39 | 43 |
Depreciation | 4 | 9 | 13 | 22 | 35 | 38 |
Profit before tax | 11 | 11 | 33 | 42 | 51 | 72 |
Tax % | 82% | 29% | 26% | 27% | 28% | |
2 | 8 | 24 | 31 | 36 | 52 | |
EPS in Rs | 0.42 | 1.57 | 4.64 | 5.86 | 3.81 | 5.11 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 24% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 69% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 9% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Equity Capital | 48 | 48 | 52 | 52 | 96 |
Reserves | 13 | 21 | 230 | 261 | 798 |
270 | 262 | 397 | 525 | 386 | |
160 | 189 | 342 | 587 | 490 | |
Total Liabilities | 492 | 520 | 1,021 | 1,425 | 1,770 |
113 | 116 | 282 | 377 | 678 | |
CWIP | 0 | 0 | 8 | 91 | 27 |
Investments | 0 | 0 | 37 | 40 | 11 |
379 | 404 | 694 | 917 | 1,054 | |
Total Assets | 492 | 520 | 1,021 | 1,425 | 1,770 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
43 | 47 | -35 | 17 | 257 | |
-9 | -7 | -204 | -216 | -377 | |
-24 | -43 | 255 | 239 | 167 | |
Net Cash Flow | 10 | -2 | 16 | 40 | 47 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 94 | 116 | 141 | 113 | 55 |
Inventory Days | 71 | 79 | 110 | 75 | 116 |
Days Payable | 74 | 85 | 138 | 98 | 127 |
Cash Conversion Cycle | 91 | 110 | 113 | 90 | 43 |
Working Capital Days | 100 | 103 | 119 | 46 | 110 |
ROCE % | 11% | 11% | 10% | 8% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Oct - Certificate under Regulation 74(5) for Q3 2024.
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Announcement Under Regulation 30 (LODR) - Arrangement Of Manufacturing Tie-Up
3 Oct - EPACK Durable enters manufacturing tie-up with Panasonic for RAC components.
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Announcement Under Regulation 30 Of SEBI LODR Regulations, 2015- Execution Of Deed Of Amendment
30 Sep - Execution of Deed of Amendment for Joint Venture.
- Closure of Trading Window 27 Sep
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Clarification On Price Movement
17 Sep - Company clarifies no material information withheld.
Concalls
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Jul 2024Transcript PPT
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Jun 2024Transcript PPT
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Apr 2024TranscriptNotesPPT
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Apr 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
Leading Manufacturer of Air Conditioner[1] EPACK Durable Ltd is the 2nd largest room air conditioner Original Design Manufacturer (ODM) in India in terms of number of units, specializing in room air conditioners (RAC) and related components. It has 24% market share in domestically manufactured units by ODM in FY23.