Kuantum Papers Ltd

Kuantum Papers Ltd

₹ 174 1.87%
03 Jul 2:52 p.m.
About

Incorporated in 1980, Kuantum Papers is in the business of production and marketing of wood-free writing and printing paper. The Co. is one of the largest fully integrated Agro-based paper manufacturers in India committed to manufacturing wood-free, high-quality maplitho, cream wove, copier and specialty paper. [1][2]

Key Points

Product offerings
Maplitho, creamwove and value added specialty products like thermal paper, bond paper, parchment paper, azurelaid paper, catridge paper, coloured paper, ledger paper, stiffner paper, cupstock base paper for straws and carry bag paper with GSM range of 40 – 200. The company manufactures its products on an order-based system from its 100+ dealer network spread across India.[1]
These products are extensively used in the printing of books, notebooks, office stationery, etc. It is now foraying into new specialty products like Food Grade -OGR, Cup Stock Base, Tissue paper and also has several products under development. [2] [3]

  • Market Cap 1,515 Cr.
  • Current Price 174
  • High / Low 226 / 126
  • Stock P/E 8.19
  • Book Value 129
  • Dividend Yield 1.71 %
  • ROCE 18.5 %
  • ROE 17.6 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 18.7% CAGR over last 5 years

Cons

  • Company has a low return on equity of 13.6% 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: 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
169 148 201 230 252 274 341 351 344 313 298 301 299
141 132 161 199 219 213 242 246 230 203 218 222 235
Operating Profit 28 15 40 30 33 61 99 105 114 109 81 79 64
OPM % 16% 10% 20% 13% 13% 22% 29% 30% 33% 35% 27% 26% 21%
-8 1 1 1 1 -62 1 1 0 1 1 1 3
Interest 4 17 17 18 18 18 20 18 16 11 12 11 8
Depreciation 10 12 12 11 11 11 11 11 12 12 12 12 12
Profit before tax 6 -12 12 2 5 -31 69 77 87 87 57 56 46
Tax % -63% 55% 15% -62% 13% -27% 24% 26% 25% 25% 26% 25% 27%
10 -5 11 4 4 -39 53 57 65 65 43 42 34
EPS in Rs 1.19 -0.62 1.20 0.46 0.50 -4.45 6.04 6.56 7.45 7.46 4.89 4.83 3.88
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
422 477 499 526 608 704 793 745 404 830 1,310 1,211
362 402 435 460 490 556 637 625 374 710 930 878
Operating Profit 60 76 64 65 118 148 156 119 30 120 380 333
OPM % 14% 16% 13% 12% 19% 21% 20% 16% 7% 14% 29% 28%
1 3 1 1 3 3 9 9 1 4 -60 6
Interest 23 22 21 20 21 25 29 31 28 70 71 43
Depreciation 16 19 13 14 15 19 25 32 35 46 45 48
Profit before tax 21 37 32 33 84 107 111 65 -32 8 203 248
Tax % 40% 10% 21% 25% 30% 32% 30% -10% 60% -74% 33% 26%
13 34 25 25 59 73 78 72 -13 13 136 184
EPS in Rs 1.47 3.84 2.87 2.81 6.79 8.35 8.93 8.23 -1.46 1.54 15.60 21.07
Dividend Payout % 0% 0% 3% 4% 3% 3% 6% 3% 0% 0% 19% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 44%
TTM: -8%
Compounded Profit Growth
10 Years: 19%
5 Years: 19%
3 Years: 259%
TTM: 3%
Stock Price CAGR
10 Years: 38%
5 Years: 35%
3 Years: 34%
1 Year: -10%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 14%
Last Year: 18%

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 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 68 100 532 552 612 683 758 823 809 822 958 1,115
Preference Capital 0 30 30 30 0 30 30 30 30 30 30
203 147 194 213 302 291 365 543 659 732 483 512
93 124 121 130 88 139 153 174 138 113 240 251
Total Liabilities 373 379 856 903 1,011 1,121 1,284 1,549 1,614 1,676 1,689 1,888
223 265 673 687 772 825 978 1,034 1,436 1,408 1,414 1,475
CWIP 37 0 26 50 42 84 55 310 21 29 31 42
Investments 0 0 0 0 0 0 0 0 0 0 0 0
112 114 157 166 198 213 251 206 158 239 245 371
Total Assets 373 379 856 903 1,011 1,121 1,284 1,549 1,614 1,676 1,689 1,888

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
53 62 32 57 73 131 136 75 80 48 375 298
-27 -11 -56 -50 -93 -132 -150 -252 -178 -35 -60 -156
-26 -50 23 -6 41 -8 39 138 98 -11 -318 -73
Net Cash Flow 0 1 -0 0 21 -8 25 -39 -0 3 -2 69

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 25 27 32 25 21 17 15 7 30 27 8 10
Inventory Days 141 105 107 102 117 133 95 141 145 114 88 115
Days Payable 114 89 54 47 47 54 47 42 124 47 25 58
Cash Conversion Cycle 52 43 85 80 91 95 63 105 51 94 71 67
Working Capital Days -3 1 26 23 17 24 17 11 51 62 37 40
ROCE % 16% 21% 10% 7% 12% 14% 13% 8% 0% 5% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.30% 70.30% 70.30% 70.30% 70.30% 70.31% 70.31% 70.31% 70.31% 70.31% 70.31% 70.31%
0.01% 0.00% 0.02% 0.01% 0.00% 0.00% 0.13% 0.13% 0.39% 1.04% 0.53% 0.17%
0.00% 0.01% 0.00% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00%
29.68% 29.69% 29.67% 29.68% 29.69% 29.69% 29.57% 29.56% 29.30% 28.63% 29.16% 29.52%
No. of Shareholders 10,55911,37810,98611,91812,02211,72611,67812,19812,15917,04418,25120,276

* 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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Documents

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