Kuantum Papers Ltd

Kuantum Papers Ltd

₹ 127 1.93%
22 Nov 2:37 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 1,105 Cr.
  • Current Price 127
  • High / Low 193 / 120
  • Stock P/E 7.66
  • Book Value 134
  • Dividend Yield 2.34 %
  • ROCE 19.8 %
  • ROE 18.8 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.93 times its book value
  • Company has delivered good profit growth of 20.3% CAGR over last 5 years

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

Part of BSE Allcap BSE Commodities BSE SmallCap

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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
201 230 252 274 341 351 344 313 298 301 299 281 279
161 199 219 213 242 246 230 203 218 222 235 209 218
Operating Profit 40 30 33 61 99 105 114 109 81 79 64 72 61
OPM % 20% 13% 13% 22% 29% 30% 33% 35% 27% 26% 21% 25% 22%
1 1 1 -62 1 1 0 1 1 1 3 1 2
Interest 17 18 18 18 20 18 16 11 12 11 8 9 9
Depreciation 12 11 11 11 11 11 12 12 12 12 12 13 13
Profit before tax 12 2 5 -31 69 77 87 87 57 56 46 51 40
Tax % 15% -62% 13% 27% 24% 26% 25% 25% 26% 25% 27% 25% 25%
11 4 4 -39 53 57 65 65 43 42 34 38 30
EPS in Rs 1.20 0.46 0.50 -4.45 6.04 6.56 7.45 7.46 4.89 4.83 3.88 4.38 3.43
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
422 477 499 526 608 704 793 745 404 830 1,310 1,211 1,160
362 402 435 460 490 556 637 625 374 710 930 860 885
Operating Profit 60 76 64 65 118 148 156 119 30 120 380 351 275
OPM % 14% 16% 13% 12% 19% 21% 20% 16% 7% 14% 29% 29% 24%
1 3 1 1 3 3 9 9 1 4 -60 -12 6
Interest 23 22 21 20 21 25 29 31 28 70 71 44 38
Depreciation 16 19 13 14 15 19 25 32 35 46 45 48 50
Profit before tax 21 37 32 33 84 107 111 65 -32 8 203 248 194
Tax % 40% 10% 21% 25% 30% 32% 30% -10% -60% -74% 33% 26%
13 34 25 25 59 73 78 72 -13 13 136 184 144
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 16.52
Dividend Payout % 0% 0% 3% 4% 3% 3% 6% 3% 0% 0% 19% 14%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 44%
TTM: -11%
Compounded Profit Growth
10 Years: 19%
5 Years: 20%
3 Years: 266%
TTM: -37%
Stock Price CAGR
10 Years: 29%
5 Years: 22%
3 Years: 16%
1 Year: -26%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 14%
Last Year: 19%

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 9 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 1,157
203 177 224 243 302 321 395 573 689 762 513 512 491
93 94 91 100 88 109 123 144 108 83 210 251 263
Total Liabilities 373 379 856 903 1,011 1,121 1,284 1,549 1,614 1,676 1,689 1,888 1,919
223 265 673 687 772 825 978 1,034 1,436 1,408 1,414 1,475 1,537
CWIP 37 0 26 50 42 84 55 310 21 29 31 42 76
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
112 114 157 166 198 213 251 206 158 239 245 371 306
Total Assets 373 379 856 903 1,011 1,121 1,284 1,549 1,614 1,676 1,689 1,888 1,919

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 88 126
Days Payable 114 89 54 47 47 54 47 42 124 47 25 64
Cash Conversion Cycle 52 43 85 80 91 95 63 105 51 94 71 73
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% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.30% 70.30% 70.30% 70.31% 70.31% 70.31% 70.31% 70.31% 70.31% 70.31% 70.31% 70.31%
0.02% 0.01% 0.00% 0.00% 0.13% 0.13% 0.39% 1.04% 0.53% 0.17% 0.14% 0.08%
0.00% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00%
29.67% 29.68% 29.69% 29.69% 29.57% 29.56% 29.30% 28.63% 29.16% 29.52% 29.55% 29.61%
No. of Shareholders 10,98611,91812,02211,72611,67812,19812,15917,04418,25120,27620,87021,986

* 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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