Kanpur Plastipack Ltd

Kanpur Plastipack Ltd

₹ 107 -0.95%
04 Jul 4:01 p.m.
About

Incorporated in 1971, Kanpur Plastipack Ltd manufactures HDPE /PP Woven Sacks, PP Box Bags, FIBC, Fabrics and High Tenacity PP MFY[1]

Key Points

Business Overview:[1][2]
KPL is a supplier of industrial bulk packaging solutions. It is an A+ level of BRCGS Packaging Materials accredited manufacturer of bulk bags, Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products

  • Market Cap 230 Cr.
  • Current Price 107
  • High / Low 150 / 87.7
  • Stock P/E 285
  • Book Value 83.8
  • Dividend Yield 0.47 %
  • ROCE 4.89 %
  • ROE 0.45 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.15% over last 3 years.
  • Earnings include an other income of Rs.11.4 Cr.
  • Debtor days have increased from 42.9 to 55.4 days.
  • Promoter holding has decreased over last 3 years: -5.57%

* 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

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
155.20 142.99 164.58 150.46 167.03 145.35 126.36 94.69 110.20 100.32 120.43 123.84 152.83
136.60 127.97 154.92 135.43 157.61 134.25 123.86 93.31 104.03 93.47 112.30 127.40 144.52
Operating Profit 18.60 15.02 9.66 15.03 9.42 11.10 2.50 1.38 6.17 6.85 8.13 -3.56 8.31
OPM % 11.98% 10.50% 5.87% 9.99% 5.64% 7.64% 1.98% 1.46% 5.60% 6.83% 6.75% -2.87% 5.44%
3.29 3.25 4.66 1.90 2.86 -0.12 1.00 0.90 2.70 1.92 2.01 2.13 5.40
Interest 2.83 3.46 3.42 3.72 3.55 3.01 4.38 3.58 1.25 3.02 3.93 3.56 6.31
Depreciation 2.43 2.45 2.60 2.60 2.96 2.78 2.84 2.85 2.81 2.86 3.09 3.19 3.71
Profit before tax 16.63 12.36 8.30 10.61 5.77 5.19 -3.72 -4.15 4.81 2.89 3.12 -8.18 3.69
Tax % 29.28% 29.61% 29.76% 30.54% 26.17% 30.06% 26.34% -8.92% -50.73% 28.37% 28.53% 17.36% 11.65%
11.76 8.70 5.83 7.37 4.27 3.63 -2.74 -4.52 7.26 2.07 2.24 -6.76 3.26
EPS in Rs 5.47 4.05 2.72 3.43 1.99 1.69 -1.28 -2.11 3.38 0.96 1.04 -3.15 1.52
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
314 451 624 476 497
296 395 575 453 478
Operating Profit 18 55 49 23 20
OPM % 6% 12% 8% 5% 4%
8 7 12 2 11
Interest 11 9 14 12 17
Depreciation 9 9 11 11 13
Profit before tax 6 44 37 2 2
Tax % 22% 31% 29% -70% 47%
5 30 26 4 1
EPS in Rs 2.29 14.10 12.20 1.69 0.38
Dividend Payout % 17% 13% 18% 30% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 3%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -70%
TTM: -85%
Stock Price CAGR
10 Years: 22%
5 Years: 13%
3 Years: -12%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: %
3 Years: 6%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 21 21 21
Reserves 114 143 158 159 159
107 158 183 166 224
31 61 59 61 72
Total Liabilities 266 376 420 407 476
164 185 214 208 278
CWIP 0 2 2 36 2
Investments 0 3 3 3 3
102 186 201 159 193
Total Assets 266 376 420 407 476

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
41 -4 29 69 -5
-1 -34 -38 -41 -40
-40 41 6 -26 45
Net Cash Flow -0 4 -3 1 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 47 45 36 37 55
Inventory Days 92 149 113 102 116
Days Payable 11 24 15 18 22
Cash Conversion Cycle 128 169 134 122 149
Working Capital Days 82 107 90 88 110
ROCE % 19% 15% 5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.31% 72.34% 72.33% 72.38% 72.52% 66.74% 66.74% 66.74% 66.74% 66.74% 66.74% 66.74%
0.00% 0.01% 0.06% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
27.69% 27.65% 27.60% 27.61% 27.48% 33.26% 33.27% 33.27% 33.28% 33.25% 33.27% 33.26%
No. of Shareholders 10,05911,40310,83710,80010,71210,61310,74210,54810,2029,5619,29310,346

* 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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