BSE: 509486 | NSE: CAPRIHANS | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Caprihans India Ltd is a below average quality company.
The key valuation ratios of Caprihans India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Caprihans 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.1% | 9.8% | 12.3% | 4.9% | 4.1% | 9.5% | 18.1% | 13% | 35.3% | 2.9% | - |
| Value Creation Index ⓘ | -0.3 | -0.3 | -0.1 | -0.7 | -0.7 | -0.3 | 0.3 | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 253 | 239 | 233 | 249 | 269 | 289 | 297 | 798 | 937 | 704 | 716 |
| Sales YoY Gr. | - | -5.5% | -2.5% | 6.8% | 8.1% | 7.6% | 2.5% | 169.2% | 17.3% | -24.8% | - |
| Adj EPS ⓘ | 5.3 | 7.4 | 6 | 3 | 2.6 | 6.9 | 15.4 | -30.5 | -14.4 | -40.3 | -59 |
| YoY Gr. | - | 41.1% | -18.7% | -50.1% | -13.3% | 165.9% | 121.3% | -298.8% | NA | NA | - |
| BVPS (₹) ⓘ | 86.1 | 91.4 | 97.1 | 98.5 | 99.5 | 105.5 | 121 | -232.3 | -73.6 | -100.2 | -135.2 |
| Adj Net Profit ⓘ | 6.9 | 9.8 | 7.9 | 4 | 3.4 | 9.1 | 20.2 | -40.1 | -18.9 | -53.7 | -77 |
| Cash Flow from Ops. ⓘ | 13.7 | 15.2 | -7.8 | 1.2 | -2.7 | 9.9 | 8.3 | 9.5 | -52.9 | -46.7 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71.7 | -12.3 | -16.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.1% | 21.2% | 33.4% | -24.8% | ||||
| Adj EPS ⓘ | -225.4% | -272.9% | -237.9% | NA | ||||
| BVPSⓘ | -201.7% | -200.1% | -193.9% | NA | ||||
| Share Price | 6.6% | 27.9% | 8.4% | -22.3% | ||||
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 % ⓘ | 6.2 | 8.4 | 6.4 | 3.1 | 2.6 | 6.8 | 13.6 | 54.9 | -16.1 | -10.5 | 50.2 |
| Op. Profit Mgn % ⓘ | 4.3 | 6.9 | 5.4 | 2.6 | 1.9 | 4.7 | 7.7 | 7.3 | 6.4 | 6.3 | 4.8 |
| Net Profit Mgn % ⓘ | 2.7 | 4.1 | 3.4 | 1.6 | 1.3 | 3.2 | 6.8 | -5 | -2 | -7.6 | -10.8 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.2 | -6.8 | -5.9 | 1.2 |
| Working Cap Days ⓘ | 151 | 158 | 149 | 155 | 158 | 157 | 168 | 115 | 144 | 201 | 84 |
| Cash Conv. Cycle ⓘ | 84 | 70 | 80 | 97 | 105 | 104 | 108 | 63 | 59 | 71 | 1 |
Return on Equity has increased versus last 3 years average to 50.20%
Sales growth is growing at healthy rate in last 3 years 33.41%
Sales growth is not so good in last 4 quarters at -7.74%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -59 | - |
| TTM Sales (₹ Cr.) | 716 | - |
| BVPS (₹.) ⓘ | -135.2 | - |
| Reserves (₹ Cr.) ⓘ | -191 | - |
| P/BV ⓘ | -1.15 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 131.00 / 239.30 |
| All Time Low / High (₹) | 7.30 / 266.00 |
| Market Cap (₹ Cr.) | 204 |
| Equity (₹ Cr.) | 13.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 253 | 239 | 233 | 249 | 269 | 289 | 297 | 798 | 937 | 704 |
| Operating Expenses ⓘ | 242 | 223 | 220 | 242 | 264 | 278 | 274 | 740 | 876 | 660 |
| Manufacturing Costs | 29 | 28 | 27 | 27 | 31 | 34 | 29 | 51 | 59 | 50 |
| Material Costs | 177 | 156 | 153 | 174 | 189 | 194 | 200 | 567 | 694 | 478 |
| Employee Cost | 20 | 21 | 22 | 23 | 24 | 27 | 26 | 57 | 67 | 65 |
| Other Costs ⓘ | 16 | 18 | 18 | 18 | 20 | 23 | 19 | 65 | 56 | 67 |
| Operating Profit ⓘ | 11 | 16 | 13 | 6 | 5 | 12 | 23 | 58 | 60 | 44 |
| Operating Profit Margin (%) | 4.3% | 6.9% | 5.4% | 2.6% | 1.9% | 4.0% | 7.6% | 7.3% | 6.4% | 6.2% |
| Other Income ⓘ | 4 | 5 | 4 | 3 | 4 | 5 | 8 | 11 | 11 | 18 |
| Interest ⓘ | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 69 | 60 | 83 |
| Depreciation ⓘ | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 34 | 33 | 43 |
| Exceptional Items ⓘ | 0 | -7 | 2 | 0 | 0 | 0 | 0 | 0 | 127 | -2 |
| Profit Before Tax ⓘ | 11 | 11 | 15 | 6 | 5 | 12 | 26 | -34 | 105 | -65 |
| Tax ⓘ | 4 | 5 | 5 | 2 | 1 | 3 | 6 | 6 | 34 | -14 |
| Profit After Tax | 7 | 5 | 10 | 4 | 4 | 9 | 20 | -40 | 72 | -52 |
| PAT Margin (%) | 2.8% | 2.3% | 4.1% | 1.7% | 1.4% | 3.2% | 6.8% | -5.0% | 7.7% | -7.3% |
| Adjusted EPS (₹) | 5.4 | 4.2 | 7.4 | 3.2 | 2.8 | 7.0 | 15.4 | -30.1 | 54.7 | -39.3 |
| Dividend Payout Ratio (%) | 28% | 36% | 20% | 48% | 27% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 113 | 120 | 128 | 129 | 131 | 139 | 159 | -305 | 539 | 488 |
| Share Capital ⓘ | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves ⓘ | 100 | 107 | 114 | 116 | 118 | 125 | 146 | -318 | 526 | 475 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 682 | 654 | 774 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 529 | 531 | 563 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153 | 123 | 210 |
| Trade Payables | 29 | 36 | 21 | 29 | 27 | 37 | 34 | 146 | 139 | 92 |
| Others Liabilities ⓘ | 27 | 4 | 4 | 3 | 3 | 4 | 7 | 330 | 90 | 64 |
| Total Liabilities ⓘ | 170 | 160 | 153 | 161 | 160 | 179 | 200 | 853 | 1,421 | 1,417 |
Fixed Assets | ||||||||||
| Gross Block | 73 | 20 | 23 | 29 | 34 | 37 | 39 | 829 | 1,961 | 1,901 |
| Accumulated Depreciation | 57 | 3 | 7 | 10 | 13 | 17 | 19 | 373 | 932 | 925 |
| Net Fixed Assetsⓘ | 16 | 16 | 16 | 19 | 21 | 20 | 20 | 456 | 1,029 | 976 |
| CWIP ⓘ | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Investmentsⓘ | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 2 | 8 |
| Inventories | 27 | 38 | 36 | 39 | 37 | 55 | 56 | 135 | 83 | 106 |
| Trade Receivables | 61 | 53 | 53 | 64 | 73 | 69 | 77 | 205 | 181 | 155 |
| Cash Equivalents | 31 | 38 | 32 | 27 | 19 | 27 | 38 | 31 | 8 | 27 |
| Others Assetsⓘ | 34 | 15 | 15 | 13 | 9 | 9 | 9 | 27 | 116 | 144 |
| Total Assets ⓘ | 170 | 160 | 153 | 161 | 160 | 179 | 200 | 853 | 1,421 | 1,417 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 14 | 15 | -8 | 1 | -3 | 10 | 8 | 10 | -53 | -47 |
| PBT ⓘ | 11 | 17 | 12 | 6 | 5 | 12 | 26 | -34 | 105 | -65 |
| Adjustment ⓘ | 1 | 1 | 1 | 2 | 2 | 3 | -1 | 58 | -99 | 132 |
| Changes in Working Capital ⓘ | 7 | 2 | -15 | -4 | -8 | -2 | -15 | -10 | -59 | -112 |
| Tax Paid ⓘ | -5 | -6 | -6 | -2 | -2 | -2 | -1 | -5 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -4 | -18 | 14 | -7 | 9 | -9 | 1 | 1 | -38 | 10 |
| Capex | -3 | -5 | -1 | -5 | -6 | -1 | -4 | -3 | 12 | -7 |
| Net Investments | 0 | -16 | 13 | -5 | 12 | -10 | -1 | 2 | -62 | -5 |
| Others ⓘ | -1 | 3 | 3 | 3 | 2 | 2 | 6 | 2 | 12 | 22 |
| Cash Flow From Financing Activityⓘ | -3 | -3 | -3 | -3 | -3 | -2 | -1 | -15 | 90 | 37 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 528 | 57 |
| Interest Paid ⓘ | 0 | -1 | -1 | -1 | -1 | -1 | -1 | -19 | -30 | -76 |
| Dividend Paid ⓘ | -2 | -2 | -2 | -2 | -2 | -1 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | -409 | 56 |
| Net Cash Flow ⓘ | 7 | -6 | 4 | -9 | 3 | -1 | 9 | -4 | -1 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.36 | 4.67 | 7.8 | 3.22 | 2.82 | 6.83 | 13.6 | N/A | 0 | 0 |
| ROCE (%) | 10.09 | 9.8 | 12.32 | 4.94 | 4.08 | 9.51 | 18.06 | N/A | 35.29 | 2.89 |
| Asset Turnover Ratio | 1.76 | 1.59 | 1.63 | 1.64 | 1.69 | 1.72 | 1.57 | 1.53 | 0.83 | 0.5 |
| PAT to CFO Conversion(x) | 2 | 3 | -0.8 | 0.25 | -0.75 | 1.11 | 0.4 | N/A | -0.74 | N/A | Working Capital Days |
| Receivable Days | 78 | 79 | 75 | 82 | 92 | 89 | 89 | 64 | 75 | 86 |
| Inventory Days | 42 | 45 | 52 | 53 | 51 | 57 | 68 | 43 | 42 | 48 |
| Payable Days | 49 | 76 | 68 | 52 | 53 | 60 | 65 | 58 | 75 | 88 |
Caprihans India is a Public Limited company that became a part of EVC group in 1997. EVC was acquired by the INEOS group in 2001. Caprihans India Limited is today a part of the INEOS Films Group.
Caprihans India is one of the largest manufacturers of PVC Films in India and has got expertise of more than 35 years in this field. It manufacturers a wide variety of PVC films both Flexible & Rigid and also Sheets/Boards made from other polymers like ABS, PP, HDPE and Rigid PVC. The films are calendared while the sheets/Boards are extruded.
INEOS Films is one of the leading global manufacturers of high quality rigid PVC films. The company plays a major role in the world of pharmaceutical blister packaging, films for printing & decoration, shrink film for sleeves, capsules and plastic credit cards.
INEOS Films manufacturing and marketing activity is mainly concentrated in the production of rigid PVC and PVC-PE films and also includes the finishing of films in the form of coating, stentering, laminating and metallizing. The extrusion of PET and PET-PE films completes the product range and offers our customers a wide choice of high quality products.
Caprihans India has 4 calendaring lines, 3 extruder lines, 2 lamination and coating lines as also printing and embossing lines at its production units at Thane and Nasik, near Mumbai.
A series of computerized in-process controls ensures a high level of quality products to our customers. This along with continuous modernization and know-how exchange with INEOS group companies ensures that our customers get expert application support backed by experience and expertise of multi disciplinary teams.
The entire organization is focused towards customer satisfaction. This is ensured by an extensive network of branches and warehouses spread out at different geographical locations all over India and through agents in other countries.
Product range of the company:
The company offers a wide range of PVC films for all types of applications
Rigid PVC Films:
Flexible PVC Films
Extruded Sheets and Boards
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