Emami Paper Mills Ltd

Emami Paper Mills Ltd

₹ 99.5 1.01%
22 Nov - close price
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 602 Cr.
  • Current Price 99.5
  • High / Low 152 / 97.2
  • Stock P/E 6.92
  • Book Value 134
  • Dividend Yield 1.61 %
  • ROCE 12.2 %
  • ROE 17.1 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.75 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

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
441.47 518.52 568.81 598.07 612.43 564.91 552.30 539.25 436.64 515.26 484.47 503.69 495.09
374.48 447.59 473.96 494.28 547.41 531.00 533.36 504.21 384.79 434.28 414.17 459.69 457.83
Operating Profit 66.99 70.93 94.85 103.79 65.02 33.91 18.94 35.04 51.85 80.98 70.30 44.00 37.26
OPM % 15.17% 13.68% 16.68% 17.35% 10.62% 6.00% 3.43% 6.50% 11.87% 15.72% 14.51% 8.74% 7.53%
0.40 0.64 -5.63 0.42 0.37 0.60 0.99 0.46 0.21 0.84 1.81 0.65 0.57
Interest 19.12 23.08 20.17 15.91 13.80 15.50 18.14 20.11 17.41 15.78 15.78 14.63 14.79
Depreciation 17.74 17.64 20.95 16.50 16.72 17.08 17.29 13.61 12.49 13.24 20.93 12.56 12.91
Profit before tax 30.53 30.85 48.10 71.80 34.87 1.93 -15.50 1.78 22.16 52.80 35.40 17.46 10.13
Tax % 24.96% 24.73% 23.74% 24.79% 28.22% 26.94% -27.29% 25.28% 25.99% 25.44% 23.19% 26.69% 25.07%
22.91 23.22 36.68 54.00 25.03 1.41 -11.27 1.33 16.40 39.37 27.19 12.80 7.59
EPS in Rs 3.79 3.84 6.06 8.93 4.14 0.23 -1.86 0.22 2.71 6.51 4.49 2.12 1.25
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
510 547 521 539 1,140 1,356 1,538 1,515 1,216 1,958 2,381 1,994 1,999
438 476 470 491 1,012 1,195 1,300 1,307 1,038 1,644 2,159 1,758 1,766
Operating Profit 72 70 51 47 128 161 239 209 178 314 222 236 233
OPM % 14% 13% 10% 9% 11% 12% 16% 14% 15% 16% 9% 12% 12%
2 3 8 6 24 11 4 -23 92 -4 2 3 4
Interest 30 19 15 16 70 84 107 117 95 83 63 67 61
Depreciation 30 32 27 27 56 64 69 73 72 74 68 60 60
Profit before tax 13 23 17 11 26 24 66 -5 103 153 93 112 116
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 87
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 14.37
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: -5%
Compounded Profit Growth
10 Years: 18%
5 Years: 14%
3 Years: 86%
TTM: 1005%
Stock Price CAGR
10 Years: 8%
5 Years: 7%
3 Years: -12%
1 Year: -24%
Return on Equity
10 Years: 11%
5 Years: 15%
3 Years: 21%
Last Year: 17%

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 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 228 306 359 376 222 231 246 207 284 397 443 518 796
492 598 897 1,135 1,392 1,530 1,548 1,401 1,151 1,029 1,102 850 640
66 81 142 134 186 191 305 298 341 340 419 334 423
Total Liabilities 798 997 1,409 1,658 1,812 1,964 2,111 1,918 1,788 1,779 1,976 1,714 1,871
437 452 448 1,195 1,220 1,282 1,297 1,298 1,225 1,161 1,148 1,085 1,076
CWIP 89 167 620 5 5 9 103 1 0 31 4 10 4
Investments 1 1 1 1 56 56 44 24 54 49 39 45 76
272 377 341 458 532 618 667 595 509 538 785 574 715
Total Assets 798 997 1,409 1,658 1,812 1,964 2,111 1,918 1,788 1,779 1,976 1,714 1,871

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 40 48
Inventory Days 97 87 136 192 117 111 133 111 108 67 91 69
Days Payable 18 30 83 84 42 36 75 76 88 47 46 33
Cash Conversion Cycle 113 87 84 178 123 135 107 86 80 61 84 84
Working Capital Days 31 27 24 89 77 82 58 44 74 61 79 70
ROCE % 6% 5% 2% 2% 6% 6% 10% 8% 8% 17% 10% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.97% 74.97% 74.97% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98%
0.50% 0.50% 0.50% 0.52% 0.52% 0.52% 0.52% 0.50% 0.50% 0.50% 0.50% 0.57%
4.42% 4.29% 4.29% 4.29% 4.29% 4.29% 4.29% 4.32% 3.81% 3.01% 1.03% 0.58%
20.11% 20.24% 20.24% 20.21% 20.21% 20.22% 20.21% 20.20% 20.71% 21.51% 23.49% 23.88%
No. of Shareholders 13,93114,11412,93612,77212,91113,26413,23913,07213,08714,40916,32519,211

* 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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