BSE: 532701 | NSE: | Paper & Paper Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Cella Space Ltd is a average quality company.
The key valuation ratios of Cella Space 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 Cella Space 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 % ⓘ | -11.1% | -16.3% | -84% | -44.4% | 43% | 30.6% | 9% | 12.1% | 13% | 11% | - |
| Value Creation Index ⓘ | -1.8 | -2.2 | NA | NA | NA | NA | -0.4 | -0.1 | -0.1 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 156 | 101 | 27.8 | 1.6 | 0 | 2.7 | 3.3 | 5.3 | 7.4 | 7.8 | 6 |
| Sales YoY Gr. | - | -34.8% | -72.6% | -94.2% | -100% | NA | 21.9% | 62.8% | 38.8% | 5% | - |
| Adj EPS ⓘ | -3.6 | -9.1 | -22.5 | -1.9 | -1.5 | -0.3 | 0.2 | 0.1 | 0.3 | 0.1 | 25 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | -13.3% | 92.3% | -48% | - |
| BVPS (₹) ⓘ | 19.2 | 8.9 | -13.8 | -17 | -14.5 | -12.8 | -12.7 | -12.1 | -10.4 | -10.3 | 14.8 |
| Adj Net Profit ⓘ | -5.8 | -14.9 | -36.9 | -3.3 | -2.7 | -0.7 | 0.3 | 0.2 | 0.5 | 0.3 | 50 |
| Cash Flow from Ops. ⓘ | 5.7 | 11.4 | -8.7 | 9.3 | 10.6 | -0.7 | 1.5 | 5.3 | 3.1 | 3.6 | - |
| Debt/CF from Ops. ⓘ | 6.9 | 2.9 | -6.2 | 3.6 | 2.5 | -59.7 | 32.4 | 11.2 | 18.7 | 16.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -28.3% | NA | 33.4% | 5% | ||||
| Adj EPS ⓘ | NA | NA | -4.7% | -48% | ||||
| BVPSⓘ | -193.3% | NA | NA | NA | ||||
| Share Price | 0.4% | 22.8% | 44.4% | 88.2% | ||||
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 % ⓘ | -13.7 | -45 | -3823 | 13.4 | 10.3 | 2.6 | -1.2 | -1 | -2.3 | -1.3 | 1112.4 |
| Op. Profit Mgn % ⓘ | 1.2 | -5.6 | -57.3 | -45.5 | 0 | 8 | 59.5 | 68.2 | 67.3 | 61.6 | 44.5 |
| Net Profit Mgn % ⓘ | -3.8 | -14.7 | -132.6 | -205.5 | 0 | -24.2 | 8.7 | 4.6 | 6.8 | 3.4 | 812.2 |
| Debt to Equity ⓘ | 0.9 | 1.3 | -2.4 | -1.1 | -1 | -1.6 | -2 | -2.6 | -2.7 | -2.8 | 0.1 |
| Working Cap Days ⓘ | 131 | 152 | 417 | 4,602 | 0 | 122 | 95 | 141 | 190 | 196 | 3,594 |
| Cash Conv. Cycle ⓘ | 55 | 56 | 117 | 72 | 0 | -670 | -243 | -203 | -301 | -210 | 3,020 |
Sales growth is growing at healthy rate in last 3 years 33.36%
Return on Equity is Poor
Net Profit has been subdued in last 3 years -4.66%
Sales growth is not so good in last 4 quarters at -16.64%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 25 | 0.4 |
| TTM Sales (₹ Cr.) | 6.2 | 7.7 |
| BVPS (₹.) ⓘ | 14.8 | -10.2 |
| Reserves (₹ Cr.) ⓘ | 10 | -41 |
| P/BV ⓘ | 1.06 | -1.54 |
| PE ⓘ | 0.62 | 36.52 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 7.90 / 16.72 |
| All Time Low / High (₹) | 3.07 / 38.00 |
| Market Cap (₹ Cr.) | 31.5 |
| Equity (₹ Cr.) | 20.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 10.4 |
| 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 | 155.60 | 101.40 | 27.82 | 1.62 | 0 | 2.69 | 3.28 | 5.34 | 7.41 | 7.78 |
| Operating Expenses ⓘ | 153.73 | 107.09 | 43.75 | 2.36 | 3.30 | 2.47 | 1.33 | 1.70 | 2.42 | 2.99 |
| Manufacturing Costs | 33.74 | 24.18 | 7.85 | 0.08 | 0.41 | 0.08 | 0.08 | 0.38 | 0.40 | 0.20 |
| Material Costs | 95.43 | 63.11 | 22.11 | 0.27 | 0 | 0.60 | 0.20 | 0.31 | 0.20 | 0.20 |
| Employee Cost | 12.14 | 9.05 | 3.31 | 0.79 | 0.70 | 0.50 | 0.29 | 0.27 | 0.73 | 0.79 |
| Other Costs ⓘ | 12.41 | 10.74 | 10.48 | 1.22 | 2.19 | 1.30 | 0.75 | 0.74 | 1.10 | 1.80 |
| Operating Profit ⓘ | 1.87 | -5.69 | -15.93 | -0.74 | -3.30 | 0.22 | 1.95 | 3.64 | 4.98 | 4.79 |
| Operating Profit Margin (%) | 1.2% | -5.6% | -57.3% | -45.5% | - | 8.0% | 59.5% | 68.2% | 67.3% | 61.6% |
| Other Income ⓘ | 1.01 | 0.72 | 1.12 | 9.94 | 3.93 | 0.63 | 0.66 | 1.26 | 1.22 | 0.81 |
| Interest ⓘ | 5.90 | 6.42 | 5.70 | 2.14 | 0.08 | 1.59 | 1.41 | 2.68 | 3.55 | 3.77 |
| Depreciation ⓘ | 3.77 | 3.29 | 22.19 | 1.61 | 2.16 | 0.43 | 0.82 | 1.18 | 1.48 | 1.44 |
| Exceptional Items ⓘ | -8.49 | -2.95 | 0 | -15.85 | 3.24 | 2.04 | 0 | 0 | 0 | -0.14 |
| Profit Before Tax ⓘ | -15.29 | -17.63 | -42.71 | -10.40 | 1.63 | 0.86 | 0.38 | 1.03 | 1.17 | 0.25 |
| Tax ⓘ | -3.51 | -0.68 | -5.87 | -2.72 | -0.28 | 0 | 0 | 0 | 0.03 | 0.01 |
| Profit After Tax | -11.78 | -16.95 | -36.84 | -7.67 | 1.91 | 0.86 | 0.38 | 1.03 | 1.14 | 0.24 |
| PAT Margin (%) | -7.6% | -16.7% | -132.0% | -472.0% | - | 32.0% | 11.6% | 19.4% | 15.3% | 3.0% |
| Adjusted EPS (₹) | -7.2 | -10.3 | -22.4 | -4.4 | 1.1 | 0.5 | 0.2 | 0.5 | 0.6 | 0.1 |
| 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 | 41.53 | 24.58 | -22.65 | -29.37 | -26.46 | -24.55 | -24.22 | -23.19 | -21.02 | -20.78 |
| Share Capital ⓘ | 26.44 | 26.44 | 16.44 | 17.30 | 18.20 | 19.15 | 19.15 | 19.15 | 20.15 | 20.15 |
| Reserves ⓘ | 15.10 | -1.85 | -39.09 | -46.67 | -44.66 | -43.70 | -43.37 | -42.34 | -41.18 | -40.93 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 37.23 | 31.27 | 51.61 | 33.50 | 26.57 | 38.70 | 47.27 | 56.68 | 55.13 | 54.55 |
| Long Term Debt | 10.01 | 8.57 | 17.70 | 10.91 | 10.56 | 18.28 | 38.79 | 52.62 | 49.40 | 51.88 |
| Short Term Debt | 27.23 | 22.70 | 33.91 | 22.60 | 16.02 | 20.42 | 8.48 | 4.06 | 5.73 | 2.66 |
| Trade Payables | 17.43 | 18.10 | 4.96 | 3.80 | 4.97 | 2.03 | 0.50 | 2.55 | 2.85 | 0.77 |
| Others Liabilities ⓘ | 23.43 | 19.63 | 8.24 | 9.07 | 5.56 | 3.63 | 6.10 | 8.22 | 6.98 | 7.19 |
| Total Liabilities ⓘ | 119.62 | 93.59 | 42.16 | 17 | 10.64 | 19.81 | 29.66 | 44.26 | 43.93 | 41.73 |
Fixed Assets | ||||||||||
| Gross Block | 111.82 | 91.93 | 11.04 | 10.70 | 13.48 | 13.74 | 32.07 | 45.91 | 47.12 | 47.13 |
| Accumulated Depreciation | 47.32 | 36.90 | 1.38 | 3 | 4.18 | 4.58 | 5.40 | 6.58 | 8.06 | 9.37 |
| Net Fixed Assetsⓘ | 64.50 | 55.03 | 9.66 | 7.70 | 9.31 | 9.16 | 26.67 | 39.33 | 39.06 | 37.76 |
| CWIP ⓘ | 0.18 | 0.23 | 0 | 0 | 0 | 9.02 | 1.73 | 0.33 | 0 | 0 |
| Investmentsⓘ | 0.88 | 0.67 | 0.16 | 0.16 | 0.24 | 0.24 | 0.15 | 0.15 | 0.15 | 0.01 |
| Inventories | 17.61 | 9.99 | 0.91 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 25.97 | 16.64 | 3.34 | 1.79 | 0.51 | 0.15 | 0.33 | 0.37 | 0.54 | 0.37 |
| Cash Equivalents | 4.18 | 3.64 | 0.17 | 0.25 | 0.01 | 0.70 | 0.02 | 1.24 | 0.03 | 0.12 |
| Others Assetsⓘ | 6.28 | 7.39 | 27.91 | 7.10 | 0.58 | 0.55 | 0.76 | 2.83 | 4.15 | 3.48 |
| Total Assets ⓘ | 119.62 | 93.59 | 42.16 | 17 | 10.64 | 19.81 | 29.66 | 44.26 | 43.93 | 41.73 |
| 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 ⓘ | 5.66 | 11.35 | -8.66 | 9.26 | 10.63 | -0.66 | 1.52 | 5.29 | 3.08 | 3.55 |
| PBT ⓘ | -15.33 | -16.65 | -42.51 | -10.39 | 1.65 | 0.86 | 0.38 | 1.03 | 1.14 | 0.25 |
| Adjustment ⓘ | 20.51 | 9.23 | 27.77 | -2.43 | 2.23 | 1.90 | 2.15 | 2.79 | 4.18 | 5.03 |
| Changes in Working Capital ⓘ | 0.87 | 18.82 | 6.09 | 22.18 | 6.75 | -3.4 | -0.76 | 1.98 | -1.52 | -1.31 |
| Tax Paid ⓘ | -0.40 | -0.04 | 0 | -0.10 | 0 | -0.11 | -0.25 | -0.51 | -0.72 | -0.43 |
| Cash Flow From Investing Activity ⓘ | -1.53 | 0.47 | 0.96 | 9.53 | -3.83 | -9.20 | -11.04 | -12.40 | -0.77 | 0.04 |
| Capex | -1.97 | 0.08 | 0.28 | 9.50 | -3.78 | -0.21 | -18.33 | -13.85 | -1.17 | -0.06 |
| Net Investments | 0 | 0 | 0.46 | 0 | -0.06 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.44 | 0.38 | 0.22 | 0.03 | 0.02 | -8.98 | 7.29 | 1.45 | 0.41 | 0.09 |
| Cash Flow From Financing Activityⓘ | -3.50 | -12.36 | 6.28 | -12.57 | -2.42 | 13.04 | 8.83 | 8.33 | -3.52 | -3.50 |
| Net Proceeds from Shares ⓘ | 10 | 0 | 0 | 0.95 | 1 | 1.05 | 6 | 0 | 1 | 0 |
| Net Proceeds from Borrowing ⓘ | -11.37 | -1.45 | 0 | 0 | 0 | 0 | 20.51 | 0 | 0 | 0 |
| Interest Paid ⓘ | -5.90 | -6.42 | -5.70 | -2.14 | -0.08 | -1.59 | -1.41 | -1.63 | -2.74 | -3.68 |
| Dividend Paid ⓘ | -0.99 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 4.76 | -4.49 | 11.99 | -11.37 | -3.33 | 13.58 | -16.27 | 9.96 | -1.78 | 0.18 |
| Net Cash Flow ⓘ | 0.63 | -0.54 | -1.42 | 6.23 | 4.38 | 3.19 | -0.68 | 1.23 | -1.21 | 0.09 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -31.22 | -73.51 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | -11.08 | -16.28 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 1.28 | 1.01 | 0.43 | 0.06 | 0 | 0.18 | 0.13 | 0.14 | 0.17 | 0.18 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 5.57 | -0.77 | 4 | 5.14 | 2.7 | 14.79 | Working Capital Days |
| Receivable Days | 68 | 72 | 126 | 576 | 0 | 45 | 27 | 24 | 22 | 21 |
| Inventory Days | 36 | 47 | 69 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 77 | 103 | 190 | 5,940 | 0 | 2,144 | 2,310 | 1,829 | 5,027 | 3,371 |
Sree Sakthi Paper Mills (SSPML), incorporated in the year 1991, is engaged in the manufacturing of Kraft Paper and Duplex Board. The first factory was situated at Industrial Development Area, Edayar. Subsequently the capacity was increased to 10000 Tonnes per annum to meet the increased demand of Kraft Paper. Further expansion was carried out in 1996 to increase the production to 12000 MT/annum with an additional investment of Rs.100 lakh. This unit has gone for further expansion in 2004 with an additional investment of Rs 277 lakh to achieve an additional quantity of 9600 MT/ annum.
The management then decided to go in for another paper mill for manufacture of boards. This plant was commissioned in the year 1995 with an investment of around Rs 1100 lakh to produce 10000 MT/ annum.
The company felt the necessity of installing pollution control equipments to have a 100 % zero effluent discharge system during the early stages and commissioned Merk Save All system in 1995 itself. In the mean time, the company went for an upgradation by adding necessary equipments in 1996 with an investment of Rs 100 lakh. Duplex Board unit again went for a major expansion in 2003 to achieve 14500 MT/ annum with an investment of Rs 88 lakh.
In order to meet the demand for double-coated board in the market, the company installed a double coated machine in 2004 with an investment of Rs 200 lakh.
The company also boasts of a good dealer network built and maintained for the last twelve years in all major markets/regions. Most of the dealers have been associated with the company since its inception and hence the relationships between the dealer and the mill are very cordial and co-operative.
The company has also started exporting a percentage of its products to nearby markets namely,
The primary objective of the company is to carry on business of manufacture, import, export and otherwise deal in all kinds, varieties and grades of paper, paper products, paper board, duplex board, mill board and grey board. It also aims to carry on the business of manufacture, import, export and otherwise deal in paper pulp, ward pulp, straw pulp and fibrous pulp.
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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