Shree Tirupati Balajee FIBC Ltd

Shree Tirupati Balajee FIBC Ltd

₹ 731 4.17%
19 Jul - close price
About

Incorporated in 2009, Shree Tirupati Balajee
FIBC Ltd manufactures HDPE /PPWoven Sacks and Flexible Intermediate Bulk Containers[1]

Key Points

Business Overview:[1]
STB FIBC Ltd is a part of Shree Tirupati Balajee (STB) Group. It is an ISO 22000-2005, 14001-2015 & 9001-2015 and B.R.C. certified manufacturer and exporter of FIBC and PP packaging products

Product Profile:
a) FIBCs / Big Bags:[2]
Type C Conductive bags, UN Certified bags,
Form Stable Baffle bags, Sift resistant bags,
Bags with specialty liners, Form fit liner Heat resistant liners for cement and fly ash packaging Single / Double loop bags, Tunnel lift bags Normal FIBC’s, Builder bags, Fertilizers bags etc.
b) Fabric:[3]
Woven Fabric, Un-Laminated PP/HDPE Woven Fabric, Laminated PP/HDPE Woven Fabric, Tarpaulins/Roll of Tarpaulin Fabric
c) Bags & Sacks:[4]
PP HDPE Bags & Sacs, Un-Laminated Woven Bags And Sacks, PP Bags/Sacks With Multicolour Printing
d) Container Liner:[5]
These are made of light weight woven polypropylene and a heavy duty woven polypropylene bulk heads. Used for dry flow able products such as powders, granules and food products

  • Market Cap 741 Cr.
  • Current Price 731
  • High / Low 838 / 112
  • Stock P/E 52.5
  • Book Value 76.5
  • Dividend Yield 0.00 %
  • ROCE 20.5 %
  • ROE 22.0 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 9.55 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 5.94% over past five years.
  • Promoter holding has decreased over last 3 years: -4.78%

* 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

Loading peers table ...

Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
60 59 52 49 68 87 111 97 79 76 86
55 54 50 45 63 80 105 90 71 60 77
Operating Profit 5 5 2 4 5 6 6 7 9 16 8
OPM % 9% 9% 5% 8% 8% 7% 6% 7% 11% 21% 10%
0 0 0 0 0 0 0 0 0 -0 1
Interest 1 1 1 1 1 1 1 2 1 2 3
Depreciation 1 0 1 0 1 1 0 1 1 1 2
Profit before tax 4 3 1 2 4 4 4 4 7 13 5
Tax % 20% 15% 25% 18% 31% 17% 22% 16% 18% 16% 30%
3 3 1 2 3 4 3 4 6 11 3
EPS in Rs 2.98 2.89 0.64 1.98 2.72 3.55 3.36 3.71 5.55 10.78 3.30
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
23 40 53 61 70 98 121 111 117 198 176 161
20 35 48 54 62 88 110 104 108 185 161 138
Operating Profit 3 6 6 6 7 11 11 7 10 13 16 23
OPM % 13% 14% 11% 11% 11% 11% 9% 7% 8% 6% 9% 14%
0 0 1 1 0 -0 -0 0 0 0 0 3
Interest 1 2 3 3 2 3 2 2 2 3 3 5
Depreciation 1 1 1 1 1 1 1 1 1 1 1 3
Profit before tax 1 3 3 3 4 6 7 4 6 9 11 18
Tax % 66% 31% 6% 2% 15% 21% 14% 17% 26% 19% 17% 20%
0 2 2 3 3 5 6 4 5 7 9 14
EPS in Rs 7.11 36.18 39.41 54.59 49.90 4.98 6.19 3.53 4.71 6.91 9.25 13.93
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 6%
3 Years: 11%
TTM: -9%
Compounded Profit Growth
10 Years: 20%
5 Years: 17%
3 Years: 43%
TTM: 50%
Stock Price CAGR
10 Years: %
5 Years: 79%
3 Years: 162%
1 Year: 554%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 17%
Last Year: 22%

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 1 1 1 1 1 10 10 10 10 10 10 10
Reserves 6 8 11 14 17 23 29 33 38 45 54 67
14 16 25 23 21 27 27 33 40 48 48 74
5 3 3 5 2 5 9 6 5 10 6 8
Total Liabilities 25 29 39 42 41 65 76 82 92 113 118 159
13 13 13 14 13 13 13 12 13 16 15 37
CWIP 0 0 0 0 0 0 0 3 6 11 18 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
12 15 26 28 28 52 62 67 73 86 86 122
Total Assets 25 29 39 42 41 65 76 82 92 113 118 159

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
1 4 2 6 5 -4 3 2 1 7 5 -13
1 -1 -0 -2 -1 -8 -1 -5 -5 -11 -3 -7
-2 -4 -1 -5 -4 12 -1 4 3 6 -4 20
Net Cash Flow 1 -0 1 -1 -0 0 0 1 -2 2 -2 -0

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 64 27 42 62 65 60 39 32 46 51 34
Inventory Days 95 99 102 86 72 71 102 118 141 88 123
Days Payable 59 18 6 7 9 12 32 17 9 12 2
Cash Conversion Cycle 100 109 138 141 128 119 109 133 177 127 155
Working Capital Days 125 116 152 132 120 135 133 160 182 116 149
ROCE % 15% 23% 18% 17% 16% 19% 15% 9% 10% 12% 13%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
62.56% 63.65% 65.70% 66.41% 66.74% 68.63% 69.49% 70.88% 70.88% 67.12% 63.85% 63.85%
37.44% 36.35% 34.30% 33.59% 33.27% 31.37% 30.50% 29.13% 29.12% 32.88% 36.15% 36.15%
No. of Shareholders 249206179165147127122114116110141166

Documents