BSE: 530931 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Stanpacks (India) Ltd is a average quality company.
The key valuation ratios of Stanpacks (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 Stanpacks (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 % ⓘ | 12.5% | 17.6% | 16.3% | 14.6% | 12% | 11% | 4.8% | 57.7% | -2.6% | 4.5% | - |
| Value Creation Index ⓘ | -0.1 | 0.3 | 0.2 | 0.0 | -0.1 | -0.2 | -0.7 | 3.1 | -1.2 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 31.9 | 24.9 | 27 | 27.9 | 31.5 | 23.4 | 25.7 | 34 | 28.9 | 27.4 | 27 |
| Sales YoY Gr. | - | -22.1% | 8.6% | 3.2% | 13.1% | -25.8% | 10.1% | 32.3% | -14.9% | -5.4% | - |
| Adj EPS ⓘ | -0.1 | 0.6 | 0.3 | 0.7 | 0.2 | 0.1 | -2.2 | 0.7 | -2.7 | 0.4 | 0.9 |
| YoY Gr. | - | NA | -52.5% | 146.4% | -65.2% | -50% | -1941.7% | NA | -483.1% | NA | - |
| BVPS (₹) ⓘ | 2.1 | 2.7 | 4 | 4.5 | 4.7 | 4.8 | 2.6 | 13.6 | 10.9 | 11.3 | 11.5 |
| Adj Net Profit ⓘ | 0 | 0.4 | 0.2 | 0.4 | 0.2 | 0.1 | -1.4 | 0.4 | -1.7 | 0.3 | 1 |
| Cash Flow from Ops. ⓘ | -0.1 | 1.8 | 3.1 | 2.5 | 1.8 | 2.8 | 1 | -0.1 | -0.5 | 3.7 | - |
| Debt/CF from Ops. ⓘ | -288.6 | 8.8 | 5 | 6.1 | 8.6 | 5.1 | 16.6 | -64.9 | -24.9 | 2.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -1.7% | -2.8% | 2.1% | -5.4% | ||||
| Adj EPS ⓘ | NA | 11.8% | NA | NA | ||||
| BVPSⓘ | 20.4% | 19.3% | 63.6% | 4% | ||||
| Share Price | 13.3% | 21.4% | 41.2% | 65.2% | ||||
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 % ⓘ | -2.1 | 24.3 | 8.5 | 16.3 | 5.3 | 2.5 | -60.1 | 8.8 | -22.2 | 3.8 | 8.1 |
| Op. Profit Mgn % ⓘ | 10.6 | 14.4 | 9.9 | 11.5 | 8.5 | 9.9 | 5.3 | 4.8 | -0.4 | 4 | 4.6 |
| Net Profit Mgn % ⓘ | -0.1 | 1.5 | 0.6 | 1.5 | 0.5 | 0.3 | -5.3 | 1.3 | -5.7 | 0.9 | 2.1 |
| Debt to Equity ⓘ | 13 | 9.3 | 6.3 | 5.7 | 5.3 | 4.9 | 10.3 | 1.1 | 1.7 | 1.3 | 0.2 |
| Working Cap Days ⓘ | 236 | 257 | 226 | 223 | 182 | 241 | 226 | 173 | 227 | 205 | 82 |
| Cash Conv. Cycle ⓘ | 121 | 165 | 134 | 141 | 136 | 188 | 164 | 127 | 186 | 182 | 27 |
Return on Equity has increased versus last 3 years average to 8.10%
Sales growth has been subdued in last 3 years 2.11%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 1.30
Sales growth is not so good in last 4 quarters at -5.70%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.9 | - |
| TTM Sales (₹ Cr.) | 27 | - |
| BVPS (₹.) ⓘ | 11.5 | - |
| Reserves (₹ Cr.) ⓘ | 1 | - |
| P/BV ⓘ | 1.30 | - |
| PE ⓘ | 16.31 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 9.01 / 18.00 |
| All Time Low / High (₹) | 1.23 / 23.65 |
| Market Cap (₹ Cr.) | 9.1 |
| Equity (₹ Cr.) | 6.1 |
| 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 | 31.94 | 24.87 | 27 | 27.86 | 31.50 | 23.37 | 25.72 | 34.02 | 28.94 | 27.38 |
| Operating Expenses ⓘ | 28.55 | 21.29 | 24.33 | 24.66 | 28.85 | 21.06 | 24.35 | 32.48 | 29.07 | 26.30 |
| Manufacturing Costs | 2 | 2.45 | 4.67 | 8.34 | 7.74 | 2.89 | 2.73 | 4.34 | 2.12 | 1.48 |
| Material Costs | 22.87 | 15.47 | 16.29 | 12.89 | 17.14 | 14.24 | 18 | 23.64 | 20.62 | 18.96 |
| Employee Cost | 0.99 | 1.02 | 1.20 | 1.79 | 2.23 | 2.02 | 2.07 | 2.64 | 4.79 | 4.73 |
| Other Costs ⓘ | 2.69 | 2.36 | 2.17 | 1.65 | 1.74 | 1.91 | 1.56 | 1.86 | 1.53 | 1.13 |
| Operating Profit ⓘ | 3.39 | 3.59 | 2.67 | 3.20 | 2.65 | 2.32 | 1.37 | 1.54 | -0.13 | 1.08 |
| Operating Profit Margin (%) | 10.6% | 14.4% | 9.9% | 11.5% | 8.4% | 9.9% | 5.3% | 4.5% | -0.4% | 3.9% |
| Other Income ⓘ | 0 | 0.14 | 0.88 | 0.11 | 0.15 | 0.19 | 0.05 | 0.02 | 0.01 | 0.04 |
| Interest ⓘ | 2.34 | 2.73 | 2.54 | 2.17 | 1.92 | 1.88 | 1.96 | 1.95 | 1.12 | 1.02 |
| Depreciation ⓘ | 1.11 | 0.61 | 0.71 | 0.68 | 0.62 | 0.58 | 0.57 | 0.39 | 0.35 | 0.37 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.03 | 0 | 0 |
| Profit Before Tax ⓘ | -0.06 | 0.38 | 0.31 | 0.47 | 0.26 | 0.05 | -1.11 | 8.26 | -1.59 | -0.27 |
| Tax ⓘ | 0 | 0 | 0.13 | 0.05 | 0.12 | -0.02 | 0.24 | 1.55 | 0.07 | -0.54 |
| Profit After Tax | -0.06 | 0.38 | 0.18 | 0.42 | 0.14 | 0.07 | -1.35 | 6.70 | -1.66 | 0.27 |
| PAT Margin (%) | -0.2% | 1.5% | 0.7% | 1.5% | 0.4% | 0.3% | -5.2% | 19.7% | -5.7% | 1.0% |
| Adjusted EPS (₹) | -0.1 | 0.6 | 0.3 | 0.7 | 0.2 | 0.1 | -2.2 | 11.0 | -2.7 | 0.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 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 | 1.29 | 1.67 | 2.44 | 2.72 | 2.85 | 2.92 | 1.57 | 8.29 | 6.63 | 6.89 |
| Share Capital ⓘ | 6.10 | 6.10 | 6.10 | 6.10 | 6.10 | 6.10 | 6.10 | 6.10 | 6.10 | 6.10 |
| Reserves ⓘ | -4.80 | -4.43 | -3.66 | -3.38 | -3.25 | -3.17 | -4.52 | 2.19 | 0.53 | 0.79 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 16.46 | 15.04 | 14.89 | 14.44 | 14.58 | 13.74 | 15.76 | 8.76 | 10.58 | 8.57 |
| Long Term Debt | 7.29 | 6.93 | 6.75 | 6.94 | 6.99 | 6.40 | 7.55 | 4.77 | 2.35 | 0.98 |
| Short Term Debt | 9.17 | 8.11 | 8.15 | 7.50 | 7.59 | 7.34 | 8.21 | 3.99 | 8.24 | 7.59 |
| Trade Payables | 4.03 | 3.71 | 4.88 | 3.34 | 1.82 | 2.72 | 3.17 | 2.67 | 1.26 | 0.01 |
| Others Liabilities ⓘ | 2.78 | 2.80 | 2.71 | 1.95 | 1.60 | 1.80 | 1.99 | 2.08 | 1.76 | 1.05 |
| Total Liabilities ⓘ | 24.55 | 23.22 | 24.92 | 22.44 | 20.85 | 21.18 | 22.48 | 21.79 | 20.23 | 16.52 |
Fixed Assets | ||||||||||
| Gross Block | 14.34 | 13.39 | 4.84 | 4.86 | 4.99 | 5.20 | 6.28 | 6.34 | 5.89 | 6.24 |
| Accumulated Depreciation | 9.80 | 9 | 0.71 | 1.39 | 1.99 | 2.57 | 3.11 | 3.39 | 2.97 | 3.24 |
| Net Fixed Assetsⓘ | 4.55 | 4.39 | 4.13 | 3.47 | 3.01 | 2.63 | 3.18 | 2.95 | 2.92 | 3 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 | 0.06 | 0.06 |
| Inventories | 14.21 | 14.36 | 13.44 | 12.85 | 12.47 | 14.10 | 14.17 | 13.94 | 11.78 | 9.32 |
| Trade Receivables | 3.77 | 2.47 | 4.75 | 4.55 | 3.96 | 3.05 | 3.84 | 3.56 | 4.46 | 3.20 |
| Cash Equivalents | 0.19 | 0.17 | 0.23 | 0.21 | 0.19 | 0.21 | 0.02 | 0 | 0 | 0.01 |
| Others Assetsⓘ | 1.83 | 1.82 | 2.38 | 1.36 | 1.22 | 1.18 | 1.28 | 1.30 | 1.02 | 0.94 |
| Total Assets ⓘ | 24.55 | 23.22 | 24.92 | 22.44 | 20.85 | 21.18 | 22.48 | 21.79 | 20.23 | 16.52 |
| 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 ⓘ | -0.06 | 1.76 | 3.05 | 2.54 | 1.76 | 2.78 | 0.98 | -0.14 | -0.45 | 3.67 |
| PBT ⓘ | 0.06 | 0.38 | 0.31 | 0.47 | 0.26 | 0.05 | -1.11 | 8.26 | -1.59 | -0.27 |
| Adjustment ⓘ | 3.19 | 3.23 | 3.11 | 2.76 | 2.38 | 2.30 | 2.42 | -6.93 | 1.40 | 1.33 |
| Changes in Working Capital ⓘ | -1.11 | 0.77 | -0.37 | -0.69 | -0.88 | 0.44 | -0.33 | 0.02 | -0.25 | 2.62 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.49 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.18 | -0.45 | -0.43 | -0.01 | -0.07 | -0.10 | -1.08 | 8.99 | -0.32 | -0.41 |
| Capex | -0.18 | -0.45 | -0.45 | -0.02 | -0.17 | -0.21 | -1.11 | 9.02 | -0.32 | -0.43 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.04 | -0.02 | 0 |
| Others ⓘ | 0 | 0 | 0.02 | 0.02 | 0.10 | 0.11 | 0.03 | 0.01 | 0.01 | 0.02 |
| Cash Flow From Financing Activityⓘ | 0.25 | -1.33 | -2.58 | -2.57 | -1.70 | -2.67 | 0.11 | -8.86 | 0.77 | -3.26 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0.25 | -1.33 | -0.15 | -0.45 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | -2.43 | -2.12 | -1.84 | -1.83 | -1.88 | -1.86 | -1.06 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0.14 | -0.84 | 1.99 | -7 | 1.82 | -2.26 |
| Net Cash Flow ⓘ | 0.01 | -0.02 | 0.04 | -0.04 | -0.01 | 0.01 | 0.01 | -0.02 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -3.83 | 25.31 | 8.78 | 16.28 | 4.94 | 2.43 | -59.97 | 135.98 | -22.21 | 3.95 |
| ROCE (%) | 12.5 | 17.58 | 16.26 | 14.61 | 12.03 | 10.97 | 4.84 | 57.71 | -2.64 | 4.48 |
| Asset Turnover Ratio | 1.25 | 1.15 | 1.32 | 1.36 | 1.69 | 1.3 | 1.39 | 1.82 | 1.38 | 1.49 |
| PAT to CFO Conversion(x) | N/A | 4.63 | 16.94 | 6.05 | 12.57 | 39.71 | N/A | -0.02 | N/A | 13.59 | Working Capital Days |
| Receivable Days | 64 | 42 | 42 | 53 | 42 | 47 | 41 | 34 | 51 | 51 |
| Inventory Days | 153 | 191 | 160 | 149 | 126 | 178 | 170 | 128 | 162 | 141 |
| Payable Days | 120 | 91 | 96 | 116 | 55 | 58 | 60 | 45 | 35 | 12 |
Stanpacks India Ltd. is a part of BLISS Group of Companies incorporated in 1991 by taking over 3 partnership companies. The company is engaged in the manufacture of all types of flexible water proof packing materials. The products are tailor made to meet customers requirements. The company is also expanding its activities for the manufacture of polypropylene bags.
The promoters of Stanpacks (India) are experienced in marketing packing materials for more than 3 decades. The three firms whose business have been taken over by Stanpacks (India) have an existing sales force which has been taken over and expanded to keep up with the requirements of the expansion in operations.
Bliss is a Chennai based group, pioneer in the field of packaging having served the packaging industry for more than 35 years. The group that was started as a finance company in 1966 has since diversified its activities to the industrial sector from 1970 onwards by reviving a sick packaging unit with a turnover of Rs 17 Lakhs in the first year. Recognizing the enormous potential for packing requirements in India, the group opted for specialization in Waterproof Packing Materials manufacturing.
Stanpacks (India) has 3 manufacturing facilities viz Bangalore (Engineering Division), Nellore (Hessain Based Products & HDPE, PP Laminated Paper Bags) and Madras (PP Bags/fabric/lamination & Laminated Jute/PP/foil etc.
The company has expanded its marketing activities to be close to its customer base. The marketing team headed by vice president marketing based at Chennai has very good, talented marketing team at Chennai, Mumbai, Bangalore, Hyderabad and Nellore.
Stanpacks (India) Limited manufacture Filling & Discharging machinery which is used for filling and discharging of Jumbo Bags. These machines are manufactured with technical collaboration from Bagfilla Overseas Limited of UK who are world leaders in this field for more than 4 decades. Stanpacks (India) Limited has exclusive rights to sell these machines in India and South East Asia. One of these machines has already been exported to Malaysia.
Products manufactured by the company include: Small Bags:
Jumbo Bags:
Engineering Division:
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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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