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BSE: 516003 | NSE: | Wood & Wood Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Duroply Industries Ltd is a below average quality company.
The key valuation ratios of Duroply Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Duroply Industries 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 % ⓘ | 7.7% | -2.4% | 6.5% | 2.1% | 6.6% | 4.2% | 4% | 3.3% | 12.2% | 6.2% | - |
| Value Creation Index ⓘ | -0.5 | -1.2 | -0.5 | -0.9 | -0.5 | -0.7 | -0.7 | -0.8 | -0.1 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 204 | 182 | 207 | 218 | 228 | 207 | 181 | 191 | 302 | 323 | 332 |
| Sales YoY Gr. | - | -10.4% | 13.8% | 4.9% | 5% | -9.6% | -12.2% | 5.3% | 58.5% | 6.9% | - |
| Adj EPS ⓘ | 1.2 | -12 | -10.4 | -11.2 | 2.2 | -7.4 | -12.2 | -9.4 | 6.8 | 1 | 3.1 |
| YoY Gr. | - | -1136.2% | NA | NA | NA | -441.3% | NA | NA | NA | -84.7% | - |
| BVPS (₹) ⓘ | 42.3 | 29.6 | 106.5 | 166.9 | 120.1 | 112.7 | 108.6 | 98.9 | 110.1 | 123.1 | 126.5 |
| Adj Net Profit ⓘ | 0.5 | -5.4 | -4.7 | -5.1 | 1.4 | -4.8 | -7.9 | -6.1 | 5.3 | 1 | 3 |
| Cash Flow from Ops. ⓘ | 12.3 | 0.4 | 1.4 | 8.8 | 14.4 | 5.7 | -4.7 | 23.9 | 2.9 | -16.7 | - |
| Debt/CF from Ops. ⓘ | 3.7 | 129 | 38.7 | 6.1 | 3.4 | 9.6 | -14 | 2.2 | 14.2 | -2.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.3% | 7.2% | 21.3% | 6.9% | ||||
| Adj EPS ⓘ | -1.2% | -13.8% | NA | -84.7% | ||||
| BVPSⓘ | 12.6% | 0.5% | 4.3% | 11.9% | ||||
| Share Price | 29.1% | 43.8% | 55.6% | 83% | ||||
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 % ⓘ | 2.7 | -32.9 | -15.3 | -8.1 | 1.8 | -6.4 | -11.1 | -9.1 | 7 | 1 | 2.5 |
| Op. Profit Mgn % ⓘ | 4.1 | 0.3 | 1.4 | 1.8 | 4.7 | 3.2 | -0.6 | 2.7 | 5.6 | 3.7 | 3.5 |
| Net Profit Mgn % ⓘ | 0.3 | -3 | -2.3 | -2.3 | 0.6 | -2.3 | -4.4 | -3.2 | 1.8 | 0.3 | 0.9 |
| Debt to Equity ⓘ | 2.4 | 3.9 | 1.2 | 0.7 | 0.6 | 0.8 | 0.9 | 0.8 | 0.5 | 0.3 | - |
| Working Cap Days ⓘ | 146 | 156 | 141 | 155 | 157 | 184 | 214 | 197 | 131 | 148 | 74 |
| Cash Conv. Cycle ⓘ | 39 | 44 | 40 | 46 | 31 | 39 | 44 | 47 | 33 | 52 | 13 |
Return on Equity has increased versus last 3 years average to 2.50%
Sales growth is growing at healthy rate in last 3 years 21.28%
Debt to equity has declined versus last 3 years average to 0.34
Sales growth is not so good in last 4 quarters at 8.54%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.1 | -4.9 |
| TTM Sales (₹ Cr.) | 332 | 218 |
| BVPS (₹.) ⓘ | 126.5 | 0 |
| Reserves (₹ Cr.) ⓘ | 115 | 39 |
| P/BV ⓘ | 2.54 | 0.00 |
| PE ⓘ | 104.13 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 151.05 / 369.80 |
| All Time Low / High (₹) | 1.55 / 369.80 |
| Market Cap (₹ Cr.) | 317 |
| Equity (₹ Cr.) | 9.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 54.4 |
| Pledged * | 8.97 | 8.97 | 46.71 | 46.71 | 43.83 | 43.83 | 43.83 | 37.95 | 36.46 | 36.46 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 204 | 182 | 207 | 218 | 228 | 207 | 181 | 191 | 302 | 323 |
| Operating Expenses ⓘ | 197 | 182 | 205 | 214 | 218 | 201 | 183 | 186 | 286 | 311 |
| Manufacturing Costs | 26 | 26 | 30 | 29 | 33 | 31 | 20 | 19 | 22 | 24 |
| Material Costs | 126 | 110 | 120 | 127 | 132 | 113 | 115 | 119 | 196 | 215 |
| Employee Cost | 20 | 23 | 28 | 31 | 25 | 27 | 23 | 26 | 29 | 32 |
| Other Costs ⓘ | 24 | 24 | 27 | 27 | 29 | 29 | 25 | 22 | 39 | 41 |
| Operating Profit ⓘ | 7 | 0 | 3 | 4 | 10 | 6 | -2 | 5 | 16 | 12 |
| Operating Profit Margin (%) | 3.3% | 0.1% | 1.4% | 1.8% | 4.4% | 2.9% | -0.8% | 2.5% | 5.4% | 3.7% |
| Other Income ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 |
| Interest ⓘ | 7 | 7 | 7 | 7 | 7 | 8 | 10 | 9 | 7 | 8 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 4 | 0 | 0 | 2 | 8 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -2 | -8 | -2 | -5 | 1 | -2 | -5 | -5 | 8 | 1 |
| Tax ⓘ | -1 | -3 | 0 | 0 | 0 | 2 | -2 | 2 | 3 | 0 |
| Profit After Tax | 0 | -6 | -2 | -5 | 1 | -4 | -2 | -6 | 5 | 1 |
| PAT Margin (%) | -0.2% | -3.1% | -0.9% | -2.2% | 0.4% | -2.0% | -1.4% | -3.3% | 1.7% | 0.3% |
| Adjusted EPS (₹) | -1.1 | -12.7 | -4.2 | -10.5 | 1.5 | -6.3 | -3.8 | -9.8 | 6.7 | 1.0 |
| 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 | 19 | 14 | 48 | 75 | 78 | 73 | 70 | 64 | 86 | 121 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 8 | 10 |
| Reserves ⓘ | 15 | 9 | 44 | 71 | 71 | 66 | 64 | 57 | 78 | 112 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 44 | 51 | 53 | 51 | 47 | 52 | 61 | 50 | 38 | 39 |
| Long Term Debt | 3 | 8 | 5 | 4 | 8 | 8 | 11 | 9 | 6 | 8 |
| Short Term Debt | 40 | 44 | 48 | 47 | 40 | 44 | 50 | 41 | 32 | 30 |
| Trade Payables | 49 | 43 | 50 | 52 | 64 | 65 | 53 | 57 | 64 | 64 |
| Others Liabilities ⓘ | -1 | -4 | 1 | 20 | 17 | 24 | 24 | 34 | 37 | 36 |
| Total Liabilities ⓘ | 111 | 104 | 153 | 199 | 206 | 214 | 209 | 205 | 225 | 260 |
Fixed Assets | ||||||||||
| Gross Block | 37 | 38 | 18 | 108 | 108 | 113 | 107 | 114 | 116 | 121 |
| Accumulated Depreciation | 23 | 24 | 2 | 5 | 6 | 9 | 9 | 11 | 14 | 18 |
| Net Fixed Assetsⓘ | 14 | 14 | 16 | 103 | 101 | 104 | 98 | 102 | 102 | 103 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 8 | 8 | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| Inventories | 49 | 52 | 62 | 60 | 65 | 69 | 62 | 64 | 72 | 88 |
| Trade Receivables | 30 | 21 | 20 | 21 | 24 | 21 | 18 | 20 | 29 | 35 |
| Cash Equivalents | 1 | 0 | 0 | 1 | 3 | 4 | 3 | 4 | 3 | 4 |
| Others Assetsⓘ | 8 | 9 | 10 | 14 | 14 | 16 | 27 | 15 | 18 | 21 |
| Total Assets ⓘ | 111 | 104 | 153 | 199 | 206 | 214 | 209 | 205 | 225 | 260 |
| 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 ⓘ | 12 | 0 | 1 | 9 | 14 | 6 | -5 | 24 | 3 | -17 |
| PBT ⓘ | -2 | -8 | -2 | -5 | 1 | -2 | -5 | -5 | 8 | 1 |
| Adjustment ⓘ | 8 | 8 | 5 | 9 | 9 | 10 | 12 | 10 | 9 | 11 |
| Changes in Working Capital ⓘ | 6 | 0 | -2 | 5 | 5 | -2 | -12 | 18 | -14 | -29 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | 1 | -2 | -3 | -2 | 4 | -2 | -2 | -10 |
| Capex | -1 | -2 | 1 | -2 | -1 | -3 | 4 | -3 | -2 | -2 |
| Net Investments | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 0 | 0 | -9 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -12 | 0 | -3 | -7 | -12 | -2 | -1 | -22 | -1 | 27 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 35 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | 1 |
| Interest Paid ⓘ | -7 | -7 | -7 | -7 | -7 | -7 | -10 | -8 | -7 | -8 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -6 | 7 | 4 | 0 | -5 | 5 | 9 | -14 | -7 | -1 |
| Net Cash Flow ⓘ | -1 | -1 | 0 | 0 | 0 | 1 | -1 | 0 | 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 (%) | -2.53 | -35.31 | -6.11 | -7.69 | 1.28 | -5.42 | -3.43 | -9.41 | 6.99 | 0.97 |
| ROCE (%) | 7.72 | -2.38 | 6.46 | 2.07 | 6.61 | 4.21 | 4.04 | 3.25 | 12.17 | 6.16 |
| Asset Turnover Ratio | 1.97 | 1.84 | 1.76 | 1.26 | 1.13 | 0.98 | 0.86 | 0.92 | 1.41 | 1.34 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 14 | N/A | N/A | N/A | 0.6 | -17 | Working Capital Days |
| Receivable Days | 47 | 47 | 33 | 34 | 36 | 39 | 39 | 36 | 29 | 36 |
| Inventory Days | 85 | 93 | 92 | 101 | 100 | 118 | 132 | 120 | 82 | 90 |
| Payable Days | 138 | 153 | 142 | 147 | 161 | 209 | 188 | 169 | 113 | 109 |
Sarda Plywood Industries (SPI), established in 1957, is the flagship company of a prestigious Chitlangia Group having significant presence in paper and tea besides plywood and allied products.
SPI was founded in an era where wood used to be known as the one stop source for all furniture, and subsequently grew up to a formidable force under the dynamic and visionary leadership of Late Sri P D Chitlangia. His vision was simple, yet powerful.
The manufacturing facility was established at Jeypore in Assam, the home of plywood manufacturing. The Duro range of quality plywood products started rolling out from this factory. Quality was an obsession for Late Sri P D Chitlangia and the same was inculcated to each and every one down the line. This resulted in Duro becoming the numero uno plywood brand in India. Competition was relegated to the backdoor.
SPI's manufacturing facility is well equipped with machineries and resources to produce any variety of plywood. Raw materials are sourced indigenously as well as from overseas. Quality assurance methods at each stage of manufacturing process ensure quality from raw materials to finish. Research and Development is at the core of SPI's success story and the gamut of products under its banner speaks for themselves. In fact R&D efforts have resulted in continuous product upgradations, innovations and new product developments.
Product range of the company includes:
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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