Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sabar Flex India Ltd is a below average quality company.
The key valuation ratios of Sabar Flex India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sabar Flex India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 8.4% | 10.5% | 11% | 10.8% | 10.5% | 17% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | -0.4 | -0.3 | -0.2 | -0.2 | -0.3 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 30.2 | 63.6 | 73.9 | 72.4 | 95.3 | 126 | 126 |
| Sales YoY Gr. | - | NA | NA | NA | NA | 110.4% | 16.3% | -2.1% | 31.7% | 32.4% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 0.7 | 0.8 | 1.3 | 1.6 | 1.3 | 2.3 | 2.9 |
| YoY Gr. | - | NA | NA | NA | NA | 17.4% | 58% | 21.1% | -17.4% | 77.3% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 10.6 | 11.4 | 12.7 | 13.9 | 14.4 | 17 | 18.8 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 0.8 | 0.9 | 1.4 | 1.7 | 1.9 | 4.3 | 4 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | -0.6 | -4.2 | -0.4 | 3.4 | 1.3 | -0.8 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | -25.2 | -4.8 | -65.2 | 7.2 | 19.6 | -28.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 33.1% | 19.5% | 32.4% | ||||
| Adj EPS ⓘ | NA | 26.9% | 21% | 77.3% | ||||
| BVPSⓘ | NA | 9.8% | 10.1% | 18.3% | ||||
| Share Price | - | - | - | -69.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | 6.5 | 7.4 | 10.6 | 11.7 | 10.4 | 16.1 | 16 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 8.6 | 5.7 | 6.1 | 7 | 5.8 | 7.6 | NAN |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 2.5 | 1.4 | 1.9 | 2.4 | 2 | 3.4 | 3.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 1.2 | 1.6 | 1.7 | 1.6 | 1.2 | 0.7 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 169 | 185 | 212 | 156 | 132 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 116 | 138 | 158 | 123 | 118 | 0 |
Return on Equity has increased versus last 3 years average to 16.00%
Sales growth is growing at healthy rate in last 3 years 19.51%
Net Profit is growing at healthy rate in last 3 years 21.04%
Debt to equity has declined versus last 3 years average to 0.68
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.9 | - |
| TTM Sales (₹ Cr.) | 126 | - |
| BVPS (₹.) ⓘ | 18.8 | - |
| Reserves (₹ Cr.) ⓘ | 13 | - |
| P/BV ⓘ | 0.38 | - |
| PE ⓘ | 2.47 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 10.7 |
| Equity (₹ Cr.) | 15.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 20.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| Uflex | 488.4 | 3.7 (0.8%) | Small Cap | 6,610 | 28.3 | 2.4 | 17.1 | 1.1 |
| AGI Greenpac | 742.1 | 32.5 (4.6%) | Small Cap | 2,421 | 44.9 | 10.3 | 15.8 | 2.3 |
| TCPL Packaging | 4,581.9 | 173.7 (3.9%) | Small Cap | 1,475 | 147.3 | 6.3 | 29.9 | 6.6 |
| Pyramid Technoplast | 152 | 3.1 (2.1%) | Small Cap | 532 | 7.4 | 5.1 | 20 | 2.3 |
| Borosil Scientific | 126.6 | 2.4 (1.9%) | Small Cap | 355 | 3.7 | 8.7 | 33.5 | 2.8 |
| Kaira Can Co | 1,620 | 19.7 (1.2%) | Small Cap | 224 | 29.3 | 1.7 | 54.6 | 1.7 |
| Arrow Greentech | 522.6 | 3.3 (0.6%) | Small Cap | 149 | 41 | 19.7 | 12.7 | 4.4 |
| Purity Flex Pack | 2.1 | 0 (0%) | Small Cap | 108 | 8.7 | 0.8 | 0.3 | 0 |
| Oricon Enterprises | 39.5 | 0.2 (0.6%) | Small Cap | 100 | -0.3 | -22.4 | - | 0.6 |
| Rajeshwari Cans | 290.9 | 0 (0%) | Small Cap | 34.6 | 1.3 | 3.8 | 230.3 | 20 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 30.21 | 63.57 | 73.92 | 72.36 | 95.28 | 126.17 |
| Operating Expenses ⓘ | 27.65 | 59.98 | 69.47 | 67.47 | 89.87 | 116.61 |
| Manufacturing Costs | 1.34 | 2.13 | 2.48 | 2 | 2.66 | 2.55 |
| Material Costs | 23.78 | 55.12 | 64.43 | 62.24 | 83.04 | 111.17 |
| Employee Cost | 1.86 | 2.17 | 2.22 | 2.67 | 2.75 | 1.92 |
| Other Costs ⓘ | 0.66 | 0.56 | 0.34 | 0.56 | 1.42 | 0.97 |
| Operating Profit ⓘ | 2.56 | 3.59 | 4.45 | 4.88 | 5.41 | 9.56 |
| Operating Profit Margin (%) | 8.5% | 5.7% | 6.0% | 6.8% | 5.7% | 7.6% |
| Other Income ⓘ | 0.01 | 0.05 | 0.06 | 0.01 | 0.01 | 0.21 |
| Interest ⓘ | 1.10 | 1.85 | 2 | 2.51 | 2.55 | 2.64 |
| Depreciation ⓘ | 0.42 | 0.58 | 0.62 | 0.70 | 0.84 | 1.12 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.05 | 1.22 | 1.89 | 1.69 | 2.03 | 6.01 |
| Tax ⓘ | 0.31 | 0.32 | 0.49 | 0.10 | 0.20 | 1.67 |
| Profit After Tax | 0.74 | 0.90 | 1.40 | 1.60 | 1.83 | 4.34 |
| PAT Margin (%) | 2.5% | 1.4% | 1.9% | 2.2% | 1.9% | 3.4% |
| Adjusted EPS (₹) | 0.7 | 0.8 | 1.3 | 1.5 | 1.2 | 2.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 11.69 | 12.58 | 13.98 | 15.32 | 21.62 | 32.46 | ||||
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 15.07 | 19.12 | ||||
| Reserves ⓘ | 0.69 | 1.58 | 2.98 | 4.32 | 6.55 | 13.34 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 12.86 | 19 | 21.75 | 22.64 | 23.91 | 20.69 | ||||
| Long Term Debt | 2.80 | 4.48 | 7.24 | 7.54 | 8.56 | 6.23 | ||||
| Short Term Debt | 10.06 | 14.51 | 14.52 | 15.11 | 15.35 | 14.46 | ||||
| Trade Payables | 8.41 | 6.27 | 7.77 | 8.55 | 3.74 | 2.73 | ||||
| Others Liabilities ⓘ | 2.13 | 3.06 | 8.12 | 4.92 | 4.50 | 7.94 | ||||
| Total Liabilities ⓘ | 35.09 | 40.91 | 51.62 | 51.43 | 53.77 | 63.82 | ||||
Fixed Assets | ||||||||||
| Gross Block | 9.07 | 9.35 | 10.55 | 12.73 | 17.21 | 17.18 | ||||
| Accumulated Depreciation | 0.49 | 1.07 | 1.69 | 2.96 | 3.80 | 4.89 | ||||
| Net Fixed Assetsⓘ | 8.59 | 8.28 | 8.86 | 9.77 | 13.40 | 12.29 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Inventories | 12.58 | 17.67 | 22.08 | 26.21 | 19.64 | 21.20 | ||||
| Trade Receivables | 12.39 | 12.75 | 18.32 | 13.56 | 18.07 | 29.48 | ||||
| Cash Equivalents | 0.09 | 0.08 | 0.30 | 0.19 | 0.28 | 0.18 | ||||
| Others Assetsⓘ | 1.43 | 2.13 | 2.07 | 1.71 | 2.37 | 0.66 | ||||
| Total Assets ⓘ | 35.09 | 40.91 | 51.62 | 51.43 | 53.77 | 63.82 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.55 | -4.22 | -0.37 | 3.44 | 1.30 | -0.77 |
| PBT ⓘ | 1.05 | 1.22 | 1.89 | 1.60 | 1.83 | 4.34 |
| Adjustment ⓘ | 1.59 | 2.46 | 2.64 | 3.14 | 3.32 | 3.72 |
| Changes in Working Capital ⓘ | -3.18 | -7.75 | -4.67 | -1.3 | -3.84 | -8.83 |
| Tax Paid ⓘ | 0 | -0.15 | -0.23 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1.67 | -0.26 | -1.20 | -2.28 | -4.48 | -0.01 |
| Capex | -1.68 | -0.27 | -1.20 | -2.28 | -4.48 | -0.01 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 2.24 | 4.47 | 1.79 | -1.27 | 3.27 | 0.68 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 4.48 | 6.50 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0.59 | 1.02 | -2.33 |
| Interest Paid ⓘ | -1.10 | -1.83 | -1.94 | -2.44 | -2.46 | -2.59 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3.34 | 6.30 | 3.72 | 0.59 | 0.23 | -0.89 |
| Net Cash Flow ⓘ | 0.03 | -0.02 | 0.22 | -0.11 | 0.09 | -0.10 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.34 | 7.4 | 10.53 | 10.9 | 9.88 | 16.03 | ||||
| ROCE (%) | 8.44 | 10.5 | 11 | 10.8 | 10.5 | 17 | ||||
| Asset Turnover Ratio | 1.03 | 1.67 | 1.6 | 1.4 | 1.81 | 2.15 | ||||
| PAT to CFO Conversion(x) | -0.74 | -4.69 | -0.26 | 2.15 | 0.71 | -0.18 | ||||
| Working Capital Days | ||||||||||
| Receivable Days | 125 | 72 | 77 | 80 | 61 | 69 | ||||
| Inventory Days | 127 | 87 | 98 | 122 | 88 | 59 | ||||
| Payable Days | 129 | 49 | 40 | 48 | 27 | 11 | ||||
The company was originally formed as a Partnership Firm under the Partnership Act, 1932 (Partnership Firm) in the name and style of “Sabar Flex Industries” pursuant to Deed of Partnership dated March 06, 2007. Sabar Flex Industries was thereafter converted from Partnership Firm to a Public Limited Company under Part I Chapter XXI of the Companies Act, 2013 with the name and style of “Sabar Flex India Limited” and received a Certificate of Incorporation from the Registrar of Companies, dated June 7, 2018.
Sabar Flex India is in the business of packaging products made from plastics which caters to the packaging requirements of various industries. Most of the company's existing products are industrial in nature. Overall, the company supplies total 3 different products, that is, Multilayer films, Printed laminates, and flexible packaging products (pouches and bags). Printed laminates and flexible packaging products are part of Multilayer film only which are later on cut as per requirement of customer. Since, flexible packaging material predominantly consists of plastic as a major raw material, it aims to manufacture its products sustainably by aiming towards ‘Reuse, Recycle and Upcycle’.
The company’s product portfolio largely consists of multi-color pouches, stand-up pouches, zip-lock pouches, vacuum pouch, paper bag, e-commerce bag, etc. Over the years, it has offered cost effective and customized flexible packaging solutions in accordance with the standardized sizes, designs of the customer requirements, coherent with the latest technological advances within the industry. It manufactures packaging material suitable for packaging products manufactured in food and beverage industry, e-commerce industry, pharmaceutical industry, hygiene and personal care industry, household industry and agricultural industry. The company’s key customers are well known brands in the food, beverage and household industry for manufacturing inter alia dairy products; biscuits, cakes and rusks; namkeens; frozen snacks and essential products such as tea, spices, rice etc.
Business area of the company
Sabar Flex India is a manufacturer and supplier of all kinds of Flexible packaging materials commonly used for packing Food, Dairy, cosmetics, pharmaceuticals, Chemical & agriculture products etc.
Key events
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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