BSE: 0 | NSE: EUROBOND | Aluminium & Aluminium Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Euro Panel Products Ltd is a good quality company.
The key valuation ratios of Euro Panel Products 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 Euro Panel Products 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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 25.7% | 25.3% | 20.2% | 26.3% | 15.6% | 16.7% | - |
| Value Creation Index ⓘ | 0.8 | 0.8 | 0.5 | 0.9 | 0.1 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 108 | 142 | 142 | 216 | 330 | 395 | 395 |
| Sales YoY Gr. | - | 31.8% | -0% | 51.9% | 52.4% | 19.9% | - |
| Adj EPS ⓘ | 2.4 | 2.2 | 1.7 | 5.3 | 4.5 | 5.6 | 6 |
| YoY Gr. | - | -7.1% | -22.5% | 207.6% | -14.9% | 24.7% | - |
| BVPS (₹) ⓘ | 13.8 | 16.3 | 18.7 | 36.9 | 41 | 46.9 | 46.9 |
| Adj Net Profit ⓘ | 3.8 | 4 | 3.1 | 13 | 11 | 13.7 | 15 |
| Cash Flow from Ops. ⓘ | 6.2 | 9.9 | 6.9 | -13.9 | 17.8 | 34.6 | - |
| Debt/CF from Ops. ⓘ | 3.3 | 3.3 | 4.4 | -2.1 | 2.9 | 2.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 29.6% | 40.6% | 19.9% | ||||
| Adj EPS ⓘ | NA | 18.6% | 48.3% | 24.7% | ||||
| BVPSⓘ | NA | 27.7% | 36% | 14.5% | ||||
| Share Price | - | - | - | 1.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17.3 | 15.7 | 9.8 | 20.9 | 11.6 | 12.8 | 12.7 |
| Op. Profit Mgn % ⓘ | 10.9 | 10.5 | 10.3 | 12.4 | 7.7 | 8.1 | NAN |
| Net Profit Mgn % ⓘ | 3.5 | 2.8 | 2.2 | 6 | 3.3 | 3.5 | 3.7 |
| Debt to Equity ⓘ | 0.9 | 1.1 | 0.9 | 0.3 | 0.5 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 226 | 273 | 219 | 184 | 183 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 119 | 128 | 115 | 104 | 110 | 0 |
Sales growth is growing at healthy rate in last 3 years 40.56%
Net Profit is growing at healthy rate in last 3 years 48.30%
Debt to equity has declined versus last 3 years average to 0.76
Return on Equity has declined versus last 3 years average to 12.70%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6 | - |
| TTM Sales (₹ Cr.) | 395 | - |
| BVPS (₹.) ⓘ | 46.9 | - |
| Reserves (₹ Cr.) ⓘ | 90 | - |
| P/BV ⓘ | 3.99 | - |
| PE ⓘ | 31.39 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 459 |
| Equity (₹ Cr.) | 24.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 13.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 108 | 142 | 142 | 216 | 330 | 395 |
| Operating Expenses ⓘ | 96 | 128 | 128 | 189 | 305 | 363 |
| Manufacturing Costs | 3 | 4 | 4 | 5 | 8 | 11 |
| Material Costs | 77 | 100 | 103 | 153 | 253 | 301 |
| Employee Cost | 7 | 9 | 9 | 13 | 17 | 21 |
| Other Costs ⓘ | 10 | 14 | 12 | 18 | 27 | 30 |
| Operating Profit ⓘ | 12 | 15 | 15 | 27 | 24 | 32 |
| Operating Profit Margin (%) | 10.9% | 10.4% | 10.3% | 12.4% | 7.3% | 8.1% |
| Other Income ⓘ | 1 | 1 | 1 | 1 | 1 | 2 |
| Interest ⓘ | 7 | 7 | 7 | 7 | 8 | 10 |
| Depreciation ⓘ | 2 | 2 | 3 | 4 | 4 | 5 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 6 | 6 | 17 | 14 | 20 |
| Tax ⓘ | 0 | 2 | 2 | 4 | 4 | 5 |
| Profit After Tax | 4 | 4 | 4 | 13 | 10 | 15 |
| PAT Margin (%) | 3.6% | 2.8% | 2.5% | 6.1% | 3.1% | 3.7% |
| Adjusted EPS (₹) | 2.5 | 2.2 | 2.0 | 5.3 | 4.1 | 6.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 22 | 29 | 34 | 90 | 100 | 115 | ||||
| Share Capital ⓘ | 16 | 18 | 18 | 25 | 25 | 25 | ||||
| Reserves ⓘ | 6 | 11 | 16 | 66 | 76 | 90 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 19 | 30 | 26 | 25 | 47 | 80 | ||||
| Long Term Debt | 4 | 8 | 11 | 12 | 11 | 18 | ||||
| Short Term Debt | 15 | 23 | 15 | 13 | 36 | 63 | ||||
| Trade Payables | 24 | 43 | 48 | 56 | 58 | 65 | ||||
| Others Liabilities ⓘ | 30 | 30 | 34 | 14 | 16 | 21 | ||||
| Total Liabilities ⓘ | 95 | 133 | 142 | 185 | 222 | 281 | ||||
Fixed Assets | ||||||||||
| Gross Block | 23 | 34 | 35 | 33 | 36 | 44 | ||||
| Accumulated Depreciation | 5 | 7 | 10 | 4 | 8 | 12 | ||||
| Net Fixed Assetsⓘ | 18 | 27 | 25 | 29 | 27 | 32 | ||||
| CWIP ⓘ | 1 | 0 | 3 | 0 | 5 | 32 | ||||
| Investmentsⓘ | 1 | 1 | 1 | 0 | 0 | 0 | ||||
| Inventories | 51 | 80 | 82 | 110 | 133 | 158 | ||||
| Trade Receivables | 17 | 16 | 24 | 27 | 36 | 40 | ||||
| Cash Equivalents | 1 | 2 | 3 | 6 | 6 | 5 | ||||
| Others Assetsⓘ | 6 | 7 | 4 | 12 | 14 | 15 | ||||
| Total Assets ⓘ | 95 | 133 | 142 | 185 | 222 | 281 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | 10 | 7 | -14 | 18 | 35 |
| PBT ⓘ | 4 | 6 | 6 | 17 | 14 | 20 |
| Adjustment ⓘ | 8 | 8 | 9 | 11 | 12 | 14 |
| Changes in Working Capital ⓘ | -6 | -2 | -6 | -37 | -4 | 7 |
| Tax Paid ⓘ | 0 | -2 | -2 | -5 | -3 | -5 |
| Cash Flow From Investing Activity ⓘ | -3 | -10 | -4 | -2 | -9 | -31 |
| Capex | -3 | -10 | -4 | -2 | -8 | -32 |
| Net Investments | 0 | 0 | 0 | 0 | -2 | 1 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -2 | 1 | -2 | 19 | -9 | -5 |
| Net Proceeds from Shares ⓘ | 6 | 4 | 0 | 45 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2 | 3 | 3 | -19 | -1 | 7 |
| Interest Paid ⓘ | -6 | -5 | -6 | -7 | -8 | -10 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 1 | -1 | -1 | -2 |
| Net Cash Flow ⓘ | 1 | 1 | 1 | 3 | -1 | -1 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 18.09 | 15.53 | 11.49 | 21.12 | 10.57 | 13.58 | ||||
| ROCE (%) | 25.68 | 25.26 | 20.23 | 26.3 | 15.57 | 16.67 | ||||
| Asset Turnover Ratio | 1.14 | 1.25 | 1.03 | 1.32 | 1.62 | 1.57 | ||||
| PAT to CFO Conversion(x) | 1.5 | 2.5 | 1.75 | -1.08 | 1.8 | 2.33 | Working Capital Days | |||
| Receivable Days | 57 | 42 | 51 | 43 | 35 | 35 | ||||
| Inventory Days | 172 | 167 | 208 | 163 | 135 | 134 | ||||
| Payable Days | 116 | 124 | 162 | 124 | 82 | 74 | ||||
Euro Panel Products was originally incorporated as a private limited company in the name of “Archer Trading House Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 18, 2013 by the Registrar of Companies, Maharashtra, Mumbai. Subsequently, the name of the company was changed to “Euro Panel Products Private Limited” pursuant to the special resolution passed by the Shareholders of the company at the Extra-Ordinary General Meeting held on August 18, 2014. The Deputy Registrar of Companies, Mumbai issued a fresh Certificate of Incorporation dated October 22, 2014, upon change of the name of the Company. The company was converted into a public limited company pursuant to the special resolution passed by the Shareholders of the company at the Extra-Ordinary General Meeting held on August 25, 2021 and consequently upon conversion, the name of the company was changed to “Euro Panel Products Limited” vide a fresh Certificate of Incorporation dated September 21, 2021 by the Registrar of Companies, Mumbai.
The company is ISO 9001:2015 certified and contribute towards improving the quality standards of the construction industry in India. It manufactures Aluminum Composite Panels (ACPs) at its factory unit located at Umbergaon, Gujarat and its Head Office is located at Mumbai, Maharashtra. It operates through its distribution channels on PAN India basis, through its depots, distributors and dealers. Currently, the company’s depots are located at Chhattisgarh, Delhi, Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh through which it can ensure that its products are supplied at proper time to its customers, distributors and clients. Under “Eurobond”, it integrates the innovation along with quality to offer a wide portfolio of ACPs that complements the architectural structures in India.
Business area of the company
Euro manufactures ACPs through Quality-Controlled Production method. ACPs are kind of panels, which are widely used as an exterior covering of commercial buildings and corporate houses due to its durability and easy maintenance in almost any kind of climate. The company manufactures varieties of ACPs in different colors, designs and texture to cater the varied needs of its customers.
Awards and Accreditations
Major events
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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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