BSE: 0 | NSE: ESFL | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Essen Speciality Films Ltd is a average quality company.
The key valuation ratios of Essen Speciality Films Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Essen Speciality Films 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 18% | 18.2% | 10.8% | 18.8% | 17.4% | - |
| Value Creation Index ⓘ | 0.3 | 0.3 | -0.2 | 0.3 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 72.9 | 95.8 | 117 | 119 | 143 | 159 |
| Sales YoY Gr. | - | 31.4% | 22.6% | 1.7% | 19.5% | - |
| Adj EPS ⓘ | 4.1 | 4.7 | 2.4 | 7.2 | 5.8 | 5.8 |
| YoY Gr. | - | 14.9% | -48.4% | 195.1% | -18.6% | - |
| BVPS (₹) ⓘ | 31.2 | 34.9 | 37.6 | 44.5 | 57.6 | 62.4 |
| Adj Net Profit ⓘ | 7.9 | 9.1 | 4.7 | 13.8 | 14.5 | 14 |
| Cash Flow from Ops. ⓘ | 7.3 | 8.4 | -6.9 | 25.3 | -2.9 | - |
| Debt/CF from Ops. ⓘ | 0.6 | 1.8 | -3.7 | 0.3 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 14.2% | 19.5% | ||||
| Adj EPS ⓘ | NA | NA | 7.4% | -18.6% | ||||
| BVPSⓘ | NA | NA | 18.1% | 29.6% | ||||
| Share Price | - | - | - | 175.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.1 | 14.2 | 6.7 | 17.5 | 12.7 | 9.7 |
| Op. Profit Mgn % ⓘ | 19.9 | 19.4 | 10.7 | 17.2 | 16.5 | 14.1 |
| Net Profit Mgn % ⓘ | 10.8 | 9.4 | 4 | 11.5 | 10.2 | 9.1 |
| Debt to Equity ⓘ | 0.1 | 0.2 | 0.4 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 162 | 191 | 199 | 168 | 127 |
| Cash Conv. Cycle ⓘ | 0 | 55 | 75 | 100 | 112 | 109 |
Sales growth is growing at healthy rate in last 3 years 14.21%
Sales growth is good in last 4 quarters at 18.80%
Return on Equity has declined versus last 3 years average to 9.60%
Net Profit has been subdued in last 3 years 7.43%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.8 | - |
| TTM Sales (₹ Cr.) | 159 | - |
| BVPS (₹.) ⓘ | 62.4 | - |
| Reserves (₹ Cr.) ⓘ | 130 | - |
| P/BV ⓘ | 10.11 | - |
| PE ⓘ | 109.06 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 1,568 |
| Equity (₹ Cr.) | 24.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 73 | 96 | 117 | 119 | 143 |
| Operating Expenses ⓘ | 58 | 77 | 105 | 99 | 120 |
| Manufacturing Costs | 9 | 15 | 16 | 21 | 7 |
| Material Costs | 36 | 48 | 71 | 58 | 87 |
| Employee Cost | 8 | 9 | 12 | 12 | 16 |
| Other Costs ⓘ | 4 | 5 | 6 | 8 | 10 |
| Operating Profit ⓘ | 15 | 19 | 13 | 20 | 23 |
| Operating Profit Margin (%) | 19.9% | 19.4% | 10.7% | 17.1% | 16.2% |
| Other Income ⓘ | 1 | 1 | 1 | 1 | 3 |
| Interest ⓘ | 1 | 1 | 3 | 3 | 2 |
| Depreciation ⓘ | 3 | 6 | 4 | 4 | 5 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 11 | 12 | 7 | 15 | 19 |
| Tax ⓘ | 3 | 3 | 2 | 1 | 5 |
| Profit After Tax | 8 | 9 | 5 | 14 | 14 |
| PAT Margin (%) | 10.9% | 9.5% | 4.4% | 11.9% | 10.0% |
| Adjusted EPS (₹) | 4.1 | 4.8 | 2.7 | 7.4 | 5.7 |
| Dividend Payout Ratio (%) | 31% | 22% | 0% | 0% | 11% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 60 | 67 | 72 | 85 | 143 | |||||
| Share Capital ⓘ | 1 | 1 | 16 | 16 | 21 | |||||
| Reserves ⓘ | 59 | 66 | 56 | 69 | 122 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 4 | 15 | 26 | 6 | 0 | |||||
| Long Term Debt | 0 | 0 | 4 | 3 | 0 | |||||
| Short Term Debt | 4 | 15 | 22 | 3 | 0 | |||||
| Trade Payables | 3 | 13 | 13 | 10 | 4 | |||||
| Others Liabilities ⓘ | 8 | 9 | 8 | 8 | 5 | |||||
| Total Liabilities ⓘ | 76 | 104 | 119 | 110 | 153 | |||||
Fixed Assets | ||||||||||
| Gross Block | 64 | 70 | 77 | 79 | 78 | |||||
| Accumulated Depreciation | 23 | 29 | 33 | 36 | 37 | |||||
| Net Fixed Assetsⓘ | 41 | 41 | 44 | 43 | 41 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 1 | |||||
| Inventories | 9 | 16 | 32 | 30 | 40 | |||||
| Trade Receivables | 8 | 14 | 14 | 17 | 19 | |||||
| Cash Equivalents | 2 | 11 | 4 | 5 | 38 | |||||
| Others Assetsⓘ | 16 | 23 | 23 | 13 | 13 | |||||
| Total Assets ⓘ | 76 | 104 | 119 | 110 | 153 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 7 | 8 | -7 | 25 | -3 |
| PBT ⓘ | 8 | 9 | 5 | 15 | 19 |
| Adjustment ⓘ | 7 | 10 | 8 | 5 | 4 |
| Changes in Working Capital ⓘ | -6 | -7 | -17 | 9 | -20 |
| Tax Paid ⓘ | -2 | -4 | -2 | -3 | -5 |
| Cash Flow From Investing Activity ⓘ | -2 | -8 | -3 | -3 | -28 |
| Capex | -2 | -8 | -7 | -2 | -1 |
| Net Investments | 0 | 0 | 5 | -1 | -29 |
| Others ⓘ | 0 | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | -6 | 8 | 8 | -22 | 35 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 4 | 0 | 40 |
| Interest Paid ⓘ | -1 | -1 | -3 | -3 | -2 |
| Dividend Paid ⓘ | -3 | -2 | 0 | 0 | 0 |
| Others ⓘ | -2 | 11 | 7 | -19 | -3 |
| Net Cash Flow ⓘ | 0 | 8 | -2 | 0 | 4 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.27 | 14.39 | 7.42 | 18.03 | 12.47 | |||||
| ROCE (%) | 18.01 | 18.2 | 10.76 | 18.82 | 17.44 | |||||
| Asset Turnover Ratio | 0.96 | 1.06 | 1.05 | 1.05 | 1.1 | |||||
| PAT to CFO Conversion(x) | 0.88 | 0.89 | -1.4 | 1.79 | -0.21 | Working Capital Days | ||||
| Receivable Days | 38 | 42 | 45 | 48 | 46 | |||||
| Inventory Days | 45 | 48 | 75 | 95 | 88 | |||||
| Payable Days | 28 | 59 | 65 | 72 | 31 | |||||
The company was incorporated on August 14, 2002 as ‘Essen Speciality Films Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, The company was converted into a public limited company pursuant to a resolution passed by its Shareholders at an extraordinary general meeting held on December 31, 2022 and consequently the name of the company was changed to ‘Essen Speciality Films Limited’ and a fresh certificate of incorporation dated January 3, 2023 was issued by the Registrar of Companies, Gujarat at Ahmedabad.
It is a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry, to renowned multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger etc. The company has been recognized as a ‘two star export house’ by Ministry of Commerce & Industry, Government of India. It has also been exclusive global supplier of IKEA for certain of its products, since incorporation. It was awarded with the awards of ‘Best Supplier of the Year’, by IKEA. It operates a fully-integrated, sustainable and technologically advanced manufacturing unit, which has been certified to be compliant with the requirements of ISO 9001:2015. The company is part of the Rajoo Group, which is headed by its promoter group company and Group Company, Rajoo Engineers Limited (REL). Rajoo Engineers Limited is listed on the BSE Limited since October 24, 1994. The company is promoted by one of the Promoters of REL, namely Khushboo Chandrakant Doshi. REL is global player in plastic extrusion machinery, catering to many countries across the globe. REL designs, manufactures and services mono to seven layer upward and downward blown film line for barrier and non-barrier applications along with extrusion coating and lamination line, mono to five layer sheet extrusion system for barrier and non-barrier sheet along with multi-station thermoforms.
Its product portfolio can broadly be classified into seven categories, namely, bath area, kitchen & dinning, home decor, storage and organization, fitness and lifestyle, outdoor and utility and customized products, which include plastic films, Spa slippers, Baby shower caps, green-house gutter sheet etc. It market and sell its products predominantly under three brands; ‘Draperi’ for shower curtains, ‘Runner’ for shelf liners and ‘Paperi’ for artificial plants and placemats. Owing to the multipurpose nature of its products, its customer base is diversified and spread across various industries, including but not limited to home furnishing, home decor, departmental stores, discount retailers, hypermarkets, hardware and home improvement, office supplies stores, agricultural and medical industry and international importers and wholesale distributors.
Business area of the company
It is a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry to renowned multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger etc.
Products of the company
Bath area
Kitchen & Dining
Home decor
Storage and organization
Outdoor and utility
Customized Products
Awards, accreditations or recognitions
History and milestone
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