Ester Industries Ltd

Ester Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ester Industries Ltd

₹ 147 -0.41%
20 Feb 3:40 p.m.
esterindustries.com BSE: 500136 NSE: ESTER
About

Ester is backed by 30 years of industry expertise in Industries Limited is into manufacturing Polyester Films, Polyster Chips, Specialty Polymers and Engineering Plastic compounds. The company is headquartered in the National Capital Region of India (Gurgaon). The company serves varying markets like food packaging, processed food, fresh food, food on the go, shelf stable, ready to eat, liquids, beverage packaging, beverage packaging, home and personal care, industrial packaging, constructions, automotive, optical fibre cable.
[1]

Key Points

Business Segments
1) Polyester Chips & Films (87% in 9M FY25 vs 84% in FY22): [1] [2] The company manufactures polyester films like White opaque, High barrier, Heat saleable, Shrink film, Metalized High barrier, Matte, etc used in Flexible Packaging, Barrier Packaging, Embossing, Lidding, and Label & Graphics, etc. The share of value-added products grew from 22% in FY22 to 31% in Q3 FY25. [3] [4] [5]

Website BSE NSE
  • Market Cap ₹ 1,384 Cr.
  • Current Price ₹ 147
  • High / Low ₹ 178 / 84.6
  • Stock P/E
  • Book Value ₹ 74.5
  • Dividend Yield 0.00 %
  • ROCE -4.98 %
  • ROE -18.1 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.16% over last 3 years.
  • Contingent liabilities of Rs.525 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
288 303 324 302 193 295 258 261 268 277 286 331 346
244 253 265 279 194 285 257 272 287 271 275 291 286
Operating Profit 44 50 59 23 -1 10 0 -10 -20 6 11 40 60
OPM % 15% 17% 18% 8% -1% 3% 0% -4% -7% 2% 4% 12% 17%
14 11 10 123 8 -1 9 10 5 3 6 3 5
Interest 6 9 7 8 8 14 17 18 18 18 17 18 16
Depreciation 10 10 10 10 10 14 16 17 17 18 17 17 17
Profit before tax 42 44 53 129 -12 -20 -24 -35 -50 -27 -17 7 31
Tax % 19% 25% 22% 4% -22% -10% -6% -13% -10% -11% -3% 55% 21%
35 33 42 124 -9 -18 -22 -30 -45 -24 -16 3 25
EPS in Rs 4.14 3.95 4.98 14.85 -1.11 -2.13 -2.65 -3.65 -5.37 -2.52 -1.71 0.32 2.64
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
372 395 671 698 884 928 895 768 992 1,110 1,114 1,063 1,240
301 334 448 663 842 853 823 698 760 939 1,022 1,086 1,123
Operating Profit 71 61 223 35 42 74 72 71 231 171 93 -23 116
OPM % 19% 15% 33% 5% 5% 8% 8% 9% 23% 15% 8% -2% 9%
0 1 1 6 5 5 3 5 8 60 137 26 17
Interest 10 6 13 35 26 35 37 36 19 25 36 70 70
Depreciation 13 14 18 27 29 30 32 32 35 37 44 68 69
Profit before tax 48 41 193 -21 -8 14 5 7 185 169 149 -135 -5
Tax % 30% 33% 33% -34% -32% 41% 21% 33% 26% 19% 8% -10%
33 28 129 -14 -5 8 4 5 137 137 137 -121 -12
EPS in Rs 4.43 20.58 -2.21 -0.84 1.33 0.61 0.55 16.49 16.39 16.42 -12.88 -1.27
Dividend Payout % 8% 23% 19% 0% 0% 38% 0% 0% 21% 20% 3% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: %
3 Years: 2%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 90%
Stock Price CAGR
10 Years: 24%
5 Years: 30%
3 Years: 3%
1 Year: 44%
Return on Equity
10 Years: %
5 Years: %
3 Years: 7%
Last Year: -18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 28 31 31 31 31 31 31 42 42 42 42 47 47
Reserves 113 146 246 232 226 232 241 250 470 580 702 671 654
53 54 224 304 335 363 376 316 208 639 816 773 733
44 69 122 60 60 72 67 80 142 168 155 153 149
Total Liabilities 238 301 623 627 652 698 714 688 862 1,428 1,715 1,643 1,582
140 136 363 350 376 390 399 385 377 390 979 989 958
CWIP 0 37 5 17 5 18 12 23 76 435 79 83 85
Investments 0 0 1 1 0 0 0 0 1 0 154 69 49
97 129 254 258 272 290 303 280 407 604 503 502 491
Total Assets 238 301 623 627 652 698 714 688 862 1,428 1,715 1,643 1,582

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2021 Mar 2022 Mar 2023 Mar 2024
66 46 83 47 23 52 68 81 146 62 58 44
-5 -54 -222 -36 -27 -57 -36 -20 -147 -392 -199 42
-60 10 140 -9 4 -2 -18 -75 3 384 114 -14
Net Cash Flow 1 2 1 3 -0 -7 14 -14 2 54 -28 72

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 38 47 66 44 45 49 48 53 56 64 50 51
Inventory Days 50 59 86 77 69 69 74 96 98 110 88 70
Days Payable 27 46 67 14 11 11 11 17 27 34 17 31
Cash Conversion Cycle 60 60 85 107 103 106 111 132 126 139 121 90
Working Capital Days 59 55 69 85 77 78 78 86 91 119 105 90
ROCE % 29% 23% 56% 3% 3% 8% 7% 7% 14% 4% -5%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
64.04% 64.04% 64.04% 64.04% 64.04% 64.04% 64.04% 64.04% 62.45% 62.45% 62.40% 62.40%
0.34% 0.39% 0.26% 0.25% 0.32% 0.16% 0.04% 0.03% 0.04% 0.03% 0.10% 0.04%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.44% 0.01%
35.60% 35.55% 35.68% 35.69% 35.62% 35.78% 35.91% 35.92% 37.50% 37.49% 37.06% 37.55%
No. of Shareholders 39,47738,56536,67439,66140,80240,44541,56441,44741,42837,80338,29138,640

* 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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