Pakka Ltd

Pakka Ltd

₹ 257 -0.79%
03 Jul 2:40 p.m.
About

Incorporated in 1981, Yash Pakka Limited, is engaged in the business of specialty packaging products manufacturing and trading in specialty papers and Moulded (Tableware) products. [1]

Key Points

Product Portfolio[1][2]
a) Packaging materials and solutions - low grammage MG industrial bleached and unbleached paper grades ranging between 30-80 GSM and specialised grades for wrapping, packaging and interleaving for food and pharmaceutical uses, etc.

  • Market Cap 1,011 Cr.
  • Current Price 257
  • High / Low 399 / 107
  • Stock P/E 20.8
  • Book Value 67.6
  • Dividend Yield 0.91 %
  • ROCE 21.4 %
  • ROE 20.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 18.5% CAGR over last 5 years

Cons

  • Company might be capitalizing the interest cost
  • Promoters have pledged 85.0% of their holding.
  • Debtor days have increased from 28.7 to 36.1 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
58.87 60.60 70.47 78.47 81.54 86.54 95.79 114.88 111.10 105.76 105.07 99.34 94.58
48.22 42.02 51.49 62.51 69.94 66.54 78.19 87.93 91.08 79.85 83.32 79.61 76.38
Operating Profit 10.65 18.58 18.98 15.96 11.60 20.00 17.60 26.95 20.02 25.91 21.75 19.73 18.20
OPM % 18.09% 30.66% 26.93% 20.34% 14.23% 23.11% 18.37% 23.46% 18.02% 24.50% 20.70% 19.86% 19.24%
3.39 1.32 0.89 2.79 3.14 1.99 5.47 1.95 1.96 2.08 2.19 2.28 3.43
Interest 2.98 2.66 2.42 1.94 2.34 2.98 2.70 2.28 2.95 2.64 2.10 1.84 2.39
Depreciation 2.39 2.46 2.53 2.57 2.65 3.05 3.00 3.47 3.22 3.36 3.49 3.50 3.60
Profit before tax 8.67 14.78 14.92 14.24 9.75 15.96 17.37 23.15 15.81 21.99 18.35 16.67 15.64
Tax % 22.49% 29.97% 29.49% 30.62% 23.59% 29.07% 28.27% 30.67% 26.57% 29.47% 30.14% 29.45% 45.08%
6.71 10.35 10.51 9.88 7.45 11.33 12.47 16.05 11.61 15.51 12.81 11.75 8.59
EPS in Rs 1.90 2.94 2.98 2.80 2.11 2.98 3.27 4.21 3.05 4.07 3.27 3.00 2.19
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
116 147 172 173 174 199 250 252 184 291 408 405
96 126 147 149 144 162 205 199 151 224 323 319
Operating Profit 20 22 25 25 30 38 45 53 32 67 86 86
OPM % 17% 15% 15% 14% 17% 19% 18% 21% 18% 23% 21% 21%
2 2 -14 1 3 3 5 9 11 6 11 10
Interest 13 14 16 15 15 13 17 13 11 9 11 9
Depreciation 6 6 4 7 7 6 9 10 10 10 13 14
Profit before tax 3 3 -9 4 11 22 25 40 23 54 72 73
Tax % 33% 36% 23% 35% 29% 44% 17% 30% 27% 29% 29% 33%
2 2 -7 3 8 12 21 28 17 38 51 49
EPS in Rs 0.61 0.70 -2.40 0.96 2.41 3.54 5.88 7.84 4.74 10.84 13.51 12.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 17% 13% 21% 18% 18% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 30%
TTM: -1%
Compounded Profit Growth
10 Years: 38%
5 Years: 19%
3 Years: 43%
TTM: -6%
Stock Price CAGR
10 Years: 42%
5 Years: 42%
3 Years: 45%
1 Year: 137%
Return on Equity
10 Years: 22%
5 Years: 23%
3 Years: 24%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 28 28 28 30 32 35 35 35 35 35 38 39
Reserves 16 18 11 15 24 38 58 81 95 132 175 226
102 114 110 103 134 138 119 98 94 104 104 182
19 24 24 23 21 57 58 44 38 55 61 71
Total Liabilities 166 184 174 171 211 268 271 258 262 327 378 518
90 94 92 92 93 162 168 167 168 177 197 198
CWIP 0 0 1 0 10 2 0 5 6 18 17 35
Investments 0 0 0 0 0 0 0 0 0 4 9 7
76 89 80 78 107 104 103 86 88 128 155 278
Total Assets 166 184 174 171 211 268 271 258 262 327 378 518

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 13 23 22 22 48 51 55 27 35 56 54
-4 -11 -4 -7 -36 -47 -15 -16 -12 -33 -41 -76
-0 -13 -19 -13 17 -8 -35 -39 -16 2 -18 74
Net Cash Flow -1 -12 1 2 4 -6 -0 0 -0 3 -3 53

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 46 35 27 34 25 27 23 26 31 28 22 36
Inventory Days 306 392 296 202 236 510 373 328 571 447 369 272
Days Payable 69 93 63 47 41 120 69 50 72 62 33 30
Cash Conversion Cycle 283 335 259 190 220 417 327 304 530 413 357 278
Working Capital Days 157 141 80 84 102 99 60 66 128 106 102 116
ROCE % 11% 11% 15% 13% 16% 17% 20% 24% 16% 26% 28%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.15% 45.15% 45.15% 45.15% 49.16% 49.16% 49.16% 49.16% 49.16% 47.80% 47.80% 47.80%
2.62% 2.76% 3.22% 3.22% 2.98% 0.32% 0.00% 0.00% 0.00% 0.54% 0.07% 0.13%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.00%
52.23% 52.09% 51.63% 51.63% 47.85% 50.52% 50.82% 50.84% 50.83% 51.66% 52.08% 52.07%
No. of Shareholders 14,48215,28515,17715,51316,07925,12526,71426,09225,24529,33033,79742,688

* 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

Concalls