Nahar Polyfilms Ltd

Nahar Polyfilms Ltd

₹ 288 -0.29%
03 Dec - close price
About

Incorporated in 1988, Nahar Poly Films
Ltd manufactures transparent & metalized Flexible Packaging Films[1]

Key Points

Business Overview:[1]
NPFL manufactures BOPP films of varied grades and thicknesses that find application in laminations,reverse printing, packaging, decoration, tapes and textile bags. It caters to 200+ customers in India.

  • Market Cap 708 Cr.
  • Current Price 288
  • High / Low 372 / 167
  • Stock P/E 33.0
  • Book Value 350
  • Dividend Yield 0.35 %
  • ROCE -0.34 %
  • ROE 0.38 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.82 times its book value
  • Company has been maintaining a healthy dividend payout of 19.8%
  • Company's working capital requirements have reduced from 51.7 days to 38.1 days

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.10% 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: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
104 104 175 224 190 160 149 156 137 154 153 168 169
83 77 125 181 175 148 137 153 121 154 151 153 146
Operating Profit 22 26 50 43 16 11 12 3 16 -0 2 15 23
OPM % 21% 25% 29% 19% 8% 7% 8% 2% 12% -0% 1% 9% 13%
2 2 0 0 3 1 1 2 3 2 4 2 6
Interest 0 0 2 3 2 4 3 3 3 3 3 3 3
Depreciation 0 0 5 8 8 8 8 8 8 8 8 8 8
Profit before tax 24 27 43 32 8 0 1 -6 8 -9 -5 6 17
Tax % 24% 24% 25% 25% 20% 2,225% 24% 2% 8% -5% -61% 29% 33%
23 25 32 24 13 1 4 -2 12 -5 1 8 17
EPS in Rs 9.44 10.00 13.10 9.90 5.46 0.59 1.62 -0.91 4.95 -2.11 0.37 3.38 7.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
302 260 255 252 266 277 303 489 723 600 643
262 215 223 232 252 235 238 370 642 579 604
Operating Profit 39 45 31 20 14 42 66 119 82 21 39
OPM % 13% 17% 12% 8% 5% 15% 22% 24% 11% 4% 6%
2 2 2 3 1 4 5 4 5 11 13
Interest 13 8 5 3 1 0 0 3 12 12 11
Depreciation 22 22 22 14 2 2 2 6 32 32 33
Profit before tax 7 17 7 6 12 44 68 114 42 -12 8
Tax % 46% 36% -25% 33% 32% 27% 25% 25% 26% -24%
11 15 19 11 12 37 63 98 43 6 21
EPS in Rs 4.51 6.10 7.66 4.66 4.97 15.16 25.46 39.74 17.57 2.31 8.72
Dividend Payout % 0% 8% 7% 11% 10% 7% 6% 6% 9% 44%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 26%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: -25%
3 Years: -64%
TTM: 39%
Stock Price CAGR
10 Years: 24%
5 Years: 54%
3 Years: 7%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 6%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 13 13 13 13 13 13 13 13 13 13
Reserves 197 210 394 444 445 378 513 900 767 786 847
91 45 30 22 0 4 58 173 163 126 111
9 15 9 8 11 10 69 58 36 34 51
Total Liabilities 309 282 445 487 468 404 653 1,144 979 959 1,022
89 67 45 32 31 29 28 293 269 237 224
CWIP 0 0 0 0 0 21 172 2 0 0 1
Investments 157 162 338 387 387 279 366 715 568 623 668
63 53 62 67 50 75 87 135 142 98 130
Total Assets 309 282 445 487 468 404 653 1,144 979 959 1,022

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
24 24 23 18 40 94 -24 110 17
-0 -0 -1 -6 -40 -136 -92 -37 -11
-24 -23 -22 -11 -1 42 115 -41 -38
Net Cash Flow -0 0 0 1 -1 1 -0 32 -33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 38 39 47 48 29 12 14 21 13 15
Inventory Days 16 16 30 30 30 37 40 75 34 35
Days Payable 7 7 12 10 11 11 118 11 8 9
Cash Conversion Cycle 47 48 64 68 48 39 -65 86 40 42
Working Capital Days 43 32 44 64 46 81 16 78 39 38
ROCE % 9% 3% 2% 3% 10% 14% 14% 5% -0%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.39% 70.54% 70.65% 70.65% 70.72% 70.85% 70.85% 71.05% 71.08% 71.48% 71.88% 71.88%
0.27% 0.24% 0.29% 0.19% 0.17% 0.06% 0.06% 0.06% 0.07% 0.06% 0.11% 0.03%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
29.33% 29.21% 29.05% 29.15% 29.12% 29.07% 29.08% 28.87% 28.84% 28.45% 27.98% 28.08%
No. of Shareholders 22,79723,97224,79426,23326,70526,55826,21725,61724,33824,21322,67222,764

* 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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