Emami Paper Mills Ltd

Emami Paper Mills Ltd

₹ 133 5.47%
03 Jul 2:57 p.m.
About

Incorporated in 1981, Emami Paper Mills Ltd manufactures writing and printing paper, newsprint, and also packaging boards[1]

Key Points

Business Overview:[1]
EPML, part of Emami Group, manufactures newsprint, writing and printing paper, and Multilayer Coated Board. It is India's largest newsprint producer and the only manufacturer in Eastern India.

  • Market Cap 804 Cr.
  • Current Price 133
  • High / Low 150 / 101
  • Stock P/E 9.55
  • Book Value 128
  • Dividend Yield 1.16 %
  • ROCE 11.3 %
  • ROE 13.7 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 1.08 times its book value

Cons

* 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

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
411 429 441 519 569 598 612 565 552 519 437 515 484
344 348 374 448 474 494 547 531 533 485 385 434 414
Operating Profit 68 81 67 71 95 104 65 34 19 33 52 81 70
OPM % 16% 19% 15% 14% 17% 17% 11% 6% 3% 6% 12% 16% 14%
74 0 0 1 -6 0 0 1 1 0 0 1 2
Interest 21 20 19 23 20 16 14 16 18 19 17 16 16
Depreciation 18 18 18 18 21 16 17 17 17 14 12 13 21
Profit before tax 102 44 31 31 48 72 35 2 -16 2 22 53 35
Tax % 54% 27% 25% 25% 24% 25% 28% 27% 27% 25% 26% 25% 23%
47 32 23 23 37 54 25 1 -11 1 16 39 27
EPS in Rs 7.81 5.29 3.79 3.84 6.06 8.93 4.14 0.23 -1.86 0.22 2.71 6.51 4.49
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
510 547 521 539 1,140 1,356 1,538 1,515 1,216 1,958 2,308 1,994
438 476 470 491 1,012 1,195 1,300 1,307 1,038 1,644 2,086 1,758
Operating Profit 72 70 51 47 128 161 239 209 178 314 222 236
OPM % 14% 13% 10% 9% 11% 12% 16% 14% 15% 16% 10% 12%
2 3 8 6 24 11 4 -23 92 -4 2 3
Interest 30 19 15 16 70 84 107 117 95 83 63 67
Depreciation 30 32 27 27 56 64 69 73 72 74 68 60
Profit before tax 13 23 17 11 26 24 66 -5 103 153 93 112
Tax % 11% 20% 30% -158% 27% 32% 34% -131% 50% 25% 26% 25%
12 19 12 28 19 16 44 -10 51 115 69 84
EPS in Rs 1.91 3.08 2.01 4.61 3.15 2.71 7.27 -1.73 8.44 18.98 11.43 13.93
Dividend Payout % 31% 20% 30% 13% 19% 44% 16% 0% 0% 8% 14% 11%
Compounded Sales Growth
10 Years: 14%
5 Years: 5%
3 Years: 18%
TTM: -14%
Compounded Profit Growth
10 Years: 18%
5 Years: 14%
3 Years: 86%
TTM: 22%
Stock Price CAGR
10 Years: 12%
5 Years: 7%
3 Years: -6%
1 Year: 4%
Return on Equity
10 Years: 11%
5 Years: 14%
3 Years: 19%
Last Year: 14%

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
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 228 306 359 376 222 231 246 207 284 397 443 762
Preference Capital 20 42 61 61 0 288 299 310 244 244 244
472 556 835 1,074 1,392 1,242 1,249 1,091 908 786 858 606
86 123 203 196 186 480 604 608 585 584 663 334
Total Liabilities 798 997 1,409 1,658 1,812 1,964 2,111 1,918 1,788 1,779 1,976 1,714
437 452 448 1,195 1,220 1,282 1,297 1,298 1,225 1,161 1,148 1,085
CWIP 89 167 620 5 5 9 103 1 0 31 4 10
Investments 1 1 1 1 56 56 44 24 54 49 39 45
272 377 341 458 532 618 667 595 509 538 785 574
Total Assets 798 997 1,409 1,658 1,812 1,964 2,111 1,918 1,788 1,779 1,976 1,714

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
88 95 38 -80 -15 69 275 313 246 329 32 351
-24 -116 -419 -102 -60 -124 -157 31 -7 -34 -24 -10
-12 110 307 167 30 39 -123 -335 -246 -307 -9 -336
Net Cash Flow 52 90 -74 -14 -45 -16 -4 10 -7 -12 -0 5

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 34 31 31 70 48 60 50 50 60 41 42 48
Inventory Days 97 87 136 192 117 111 133 111 108 67 91 68
Days Payable 18 30 83 84 42 36 75 76 88 47 46 32
Cash Conversion Cycle 113 87 84 178 123 135 107 86 80 61 86 83
Working Capital Days 31 27 24 89 77 82 58 44 74 61 82 70
ROCE % 6% 5% 2% 2% 6% 6% 10% 8% 8% 17% 10%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.97% 74.97% 74.97% 74.97% 74.97% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98%
0.50% 0.50% 0.50% 0.50% 0.50% 0.52% 0.52% 0.52% 0.52% 0.50% 0.50% 0.50%
6.64% 4.42% 4.42% 4.29% 4.29% 4.29% 4.29% 4.29% 4.29% 4.32% 3.81% 3.01%
17.89% 20.11% 20.11% 20.24% 20.24% 20.21% 20.21% 20.22% 20.21% 20.20% 20.71% 21.51%
No. of Shareholders 6,54014,98313,93114,11412,93612,77212,91113,26413,23913,07213,08714,409

* 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.

Click on the line-items to see the names of individual entities.

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