BSE: 507779 | NSE: KANPRPLA | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Kanpur Plastipack Ltd is a average quality company.
The key valuation ratios of Kanpur Plastipack Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kanpur Plastipack Ltd is likely to Rise-somewhat 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 % ⓘ | 19.4% | 25.2% | 19.8% | 17.1% | 13.9% | 6.9% | 19.3% | 15.1% | 4.2% | 4.8% | - |
| Value Creation Index ⓘ | 0.4 | 0.8 | 0.4 | 0.2 | 0.0 | -0.5 | 0.4 | 0.1 | -0.7 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 246 | 249 | 245 | 279 | 318 | 315 | 452 | 625 | 477 | 493 | 554 |
| Sales YoY Gr. | - | 1.1% | -1.4% | 13.6% | 14.1% | -1% | 43.5% | 38.4% | -23.7% | 3.3% | - |
| Adj EPS ⓘ | 5.9 | 8.5 | 7.5 | 7.2 | 5.8 | 1.5 | 12.2 | 9.1 | 1.6 | -1.9 | -1.8 |
| YoY Gr. | - | 44.2% | -11.3% | -3.9% | -20.2% | -74.7% | 736.3% | -25.1% | -82.3% | -215.4% | - |
| BVPS (₹) ⓘ | 27.7 | 35 | 42.2 | 53.1 | 59 | 59.9 | 73.4 | 83.4 | 84.1 | 83.9 | 84 |
| Adj Net Profit ⓘ | 11.5 | 16.6 | 14.7 | 15.5 | 12.4 | 3.1 | 26.2 | 19.6 | 3.5 | -4 | -4 |
| Cash Flow from Ops. ⓘ | 34.7 | 24.1 | 6.6 | 28.8 | 25.7 | 40.9 | -2.5 | 27.8 | 66.2 | -4.4 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 2.7 | 12.7 | 3.1 | 5 | 2.6 | -63.1 | 6.6 | 2.5 | -50.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8% | 9.2% | 3% | 3.3% | ||||
| Adj EPS ⓘ | -188.1% | -179.8% | -153.5% | -215.4% | ||||
| BVPSⓘ | 13.1% | 7.3% | 4.6% | -0.3% | ||||
| Share Price | 14.3% | 25.2% | -6.1% | -1.8% | ||||
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 % ⓘ | 22.4 | 26.2 | 19.2 | 16.6 | 10.7 | 2.5 | 18.3 | 11.7 | 1.9 | -2.2 | -2.1 |
| Op. Profit Mgn % ⓘ | 10.6 | 14.7 | 13.6 | 10.1 | 6.8 | 5.7 | 12.2 | 7.9 | 5 | 3.9 | 3 |
| Net Profit Mgn % ⓘ | 4.7 | 6.7 | 6 | 5.6 | 3.9 | 1 | 5.8 | 3.1 | 0.7 | -0.8 | -0.7 |
| Debt to Equity ⓘ | 1.3 | 0.9 | 1 | 0.9 | 1 | 0.8 | 1 | 1 | 0.9 | 1.2 | 0.4 |
| Working Cap Days ⓘ | 143 | 144 | 155 | 141 | 126 | 120 | 110 | 106 | 130 | 123 | 57 |
| Cash Conv. Cycle ⓘ | 101 | 94 | 112 | 111 | 100 | 97 | 87 | 84 | 102 | 97 | 3 |
Sales growth is good in last 4 quarters at 31.29%
Return on Equity is Poor
Sales growth has been subdued in last 3 years 2.95%
Debt to equity has increased versus last 3 years average to 1.24
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.8 | -1.5 |
| TTM Sales (₹ Cr.) | 554 | 558 |
| BVPS (₹.) ⓘ | 84 | 84 |
| Reserves (₹ Cr.) ⓘ | 159 | 159 |
| P/BV ⓘ | 1.37 | 1.37 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 87.70 / 149.50 |
| All Time Low / High (₹) | 0.39 / 205.33 |
| Market Cap (₹ Cr.) | 247 |
| Equity (₹ Cr.) | 21.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 39.5 |
| 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 | 246 | 249 | 245 | 279 | 318 | 315 | 452 | 625 | 477 | 493 |
| Operating Expenses ⓘ | 220 | 212 | 212 | 250 | 296 | 297 | 397 | 576 | 455 | 473 |
| Manufacturing Costs | 37 | 40 | 40 | 44 | 49 | 52 | 68 | 72 | 58 | 70 |
| Material Costs | 153 | 139 | 130 | 158 | 196 | 190 | 252 | 378 | 297 | 305 |
| Employee Cost | 13 | 14 | 20 | 26 | 30 | 33 | 36 | 53 | 53 | 57 |
| Other Costs ⓘ | 18 | 19 | 22 | 22 | 21 | 22 | 41 | 72 | 47 | 42 |
| Operating Profit ⓘ | 26 | 36 | 33 | 28 | 22 | 18 | 55 | 49 | 22 | 19 |
| Operating Profit Margin (%) | 10.6% | 14.6% | 13.4% | 10.1% | 6.8% | 5.7% | 12.2% | 7.9% | 4.6% | 3.9% |
| Other Income ⓘ | 3 | 1 | 1 | 7 | 16 | 8 | 8 | 13 | 4 | 11 |
| Interest ⓘ | 9 | 8 | 7 | 6 | 9 | 11 | 9 | 14 | 12 | 17 |
| Depreciation ⓘ | 4 | 4 | 4 | 4 | 7 | 9 | 9 | 11 | 11 | 13 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 17 | 26 | 23 | 24 | 22 | 6 | 44 | 37 | 3 | 1 |
| Tax ⓘ | 5 | 9 | 9 | 8 | 5 | 1 | 14 | 11 | -1 | 1 |
| Profit After Tax | 11 | 16 | 14 | 16 | 16 | 5 | 30 | 26 | 4 | 0 |
| PAT Margin (%) | 4.7% | 6.6% | 5.9% | 5.7% | 5.1% | 1.6% | 6.7% | 4.2% | 0.9% | 0.1% |
| Adjusted EPS (₹) | 5.7 | 8.3 | 7.4 | 8.1 | 7.6 | 2.3 | 14.1 | 12.2 | 1.9 | 0.2 |
| Dividend Payout Ratio (%) | 9% | 9% | 15% | 15% | 16% | 17% | 8% | 18% | 26% | 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 | 56 | 71 | 82 | 105 | 127 | 129 | 157 | 179 | 181 | 180 |
| Share Capital ⓘ | 10 | 10 | 12 | 13 | 14 | 14 | 14 | 21 | 21 | 21 |
| Reserves ⓘ | 46 | 61 | 70 | 91 | 112 | 114 | 143 | 158 | 159 | 159 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 66 | 58 | 73 | 83 | 121 | 97 | 146 | 164 | 150 | 203 |
| Long Term Debt | 20 | 15 | 13 | 28 | 58 | 55 | 58 | 68 | 73 | 84 |
| Short Term Debt | 46 | 43 | 61 | 55 | 63 | 41 | 88 | 96 | 77 | 119 |
| Trade Payables | 11 | 6 | 5 | 9 | 7 | 6 | 17 | 15 | 14 | 18 |
| Others Liabilities ⓘ | 32 | 38 | 32 | 33 | 33 | 35 | 56 | 62 | 63 | 74 |
| Total Liabilities ⓘ | 165 | 173 | 193 | 229 | 288 | 266 | 377 | 420 | 407 | 475 |
Fixed Assets | ||||||||||
| Gross Block | 89 | 96 | 104 | 113 | 205 | 212 | 242 | 275 | 279 | 362 |
| Accumulated Depreciation | 23 | 27 | 30 | 34 | 41 | 49 | 58 | 65 | 75 | 88 |
| Net Fixed Assetsⓘ | 66 | 70 | 73 | 78 | 164 | 164 | 185 | 210 | 204 | 274 |
| CWIP ⓘ | 0 | 0 | 3 | 35 | 2 | 0 | 2 | 2 | 36 | 2 |
| Investmentsⓘ | 0 | 0 | 6 | 4 | 6 | 0 | 5 | 8 | 9 | 8 |
| Inventories | 33 | 29 | 40 | 40 | 52 | 48 | 103 | 117 | 83 | 98 |
| Trade Receivables | 44 | 44 | 52 | 58 | 46 | 41 | 56 | 61 | 50 | 75 |
| Cash Equivalents | 2 | 1 | 1 | 1 | 1 | 1 | 4 | 3 | 3 | 3 |
| Others Assetsⓘ | 21 | 29 | 18 | 13 | 16 | 12 | 22 | 20 | 23 | 16 |
| Total Assets ⓘ | 165 | 173 | 193 | 229 | 288 | 266 | 377 | 420 | 407 | 475 |
| 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 ⓘ | 35 | 24 | 7 | 29 | 26 | 41 | -3 | 28 | 66 | -4 |
| PBT ⓘ | 17 | 26 | 23 | 24 | 22 | 6 | 44 | 37 | 3 | 1 |
| Adjustment ⓘ | 11 | 11 | 10 | 9 | 15 | 20 | 17 | 23 | 24 | 29 |
| Changes in Working Capital ⓘ | 11 | -4 | -18 | 3 | -6 | 15 | -56 | -26 | 40 | -34 |
| Tax Paid ⓘ | -5 | -8 | -8 | -8 | -5 | -1 | -8 | -7 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -9 | -6 | -14 | -38 | -60 | -1 | -36 | -36 | -40 | -40 |
| Capex | -11 | -7 | -10 | -42 | -59 | -8 | -32 | -35 | -42 | -48 |
| Net Investments | 1 | 0 | -6 | 3 | -2 | 6 | -5 | -2 | 0 | 0 |
| Others ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 8 |
| Cash Flow From Financing Activityⓘ | -25 | -18 | 8 | 9 | 34 | -40 | 41 | 6 | -26 | 45 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 9 | 9 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -5 | -5 | -2 | 15 | 30 | -6 | 3 | 10 | 5 | 12 |
| Interest Paid ⓘ | -9 | -8 | -7 | -6 | -10 | -10 | -9 | -14 | -12 | -17 |
| Dividend Paid ⓘ | -1 | -3 | -1 | -3 | -3 | -3 | -1 | -4 | -3 | -1 |
| Others ⓘ | -11 | -3 | 17 | -6 | 7 | -21 | 49 | 14 | -16 | 51 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 1 | 0 | 0 | 3 | -3 | 0 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 23.26 | 26.85 | 19.17 | 17.03 | 14.01 | 3.86 | 21.21 | 15.58 | 2.29 | 0.2 |
| ROCE (%) | 19.44 | 25.18 | 19.84 | 17.13 | 13.89 | 6.87 | 19.33 | 15.12 | 4.2 | 4.75 |
| Asset Turnover Ratio | 1.54 | 1.49 | 1.36 | 1.36 | 1.27 | 1.18 | 1.45 | 1.64 | 1.2 | 1.16 |
| PAT to CFO Conversion(x) | 3.18 | 1.5 | 0.5 | 1.81 | 1.63 | 8.2 | -0.1 | 1.08 | 16.5 | N/A | Working Capital Days |
| Receivable Days | 65 | 64 | 71 | 70 | 58 | 49 | 38 | 33 | 41 | 44 |
| Inventory Days | 50 | 45 | 50 | 51 | 51 | 56 | 59 | 62 | 74 | 65 |
| Payable Days | 21 | 22 | 15 | 16 | 15 | 13 | 16 | 15 | 18 | 19 |
Kanpur Plastipack, established in the year 1971, is a manufacturer of Flexible Intermediate Bulk Containers or FIBC, also known as Bulk Bags, Big Bags, Jumbo Bags for industrial and bulk transportation of cement, food grains, chemicals, fertilizers, pharamceuticals and such material.
Now in the 4th decade of its service to industry it made a modest beginning in HDPE/PP Woven Fabric and Sacks. It is a major player in the manufacture of FIBCs (Flexible Intermediate Bulk Containers), Jumbo Bags and Big Bags. The company produces over 5 million FIBCs per annum.
Kanpur Plastipack is one of India’s largest Exporters of FIBCs. Vertically integrated Unit. Recipient of Star Export House Status from Government of India.
It started manufacturing anti-static and conductive bags in 2008. The company provides solutions to industrial packaging also started manufacturing FOOD grade bags in 2008.
Product range of the company includes:
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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