Pakka Ltd - Stock Valuation and Financial Performance

BSE: 516030 | NSE: PAKKA | Paper & Paper Products | Small Cap

Pakka Share Price

310.35 -3.00 -0.96%
as on 26-Dec'24 15:24

DeciZen - make an informed investing decision on Pakka

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Pakka stock performance -

mw4me loader
P/E Ratio (SA):
27.15
Market Cap:
1,404.4 Cr.
52-wk low:
212
52-wk high:
398.4

Is Pakka Ltd an attractive stock to invest in?

1. Is Pakka Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pakka Ltd is a good quality company.

2. Is Pakka Ltd undervalued or overvalued?

The key valuation ratios of Pakka Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Pakka Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Pakka Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Pakka:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Pakka Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 4.8%12.7%14.9%17.5%19.8%24.6%15.5%25.5%28.4%21.4%-
Value Creation
Index
-0.7-0.10.10.30.40.80.10.81.00.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 172173174199250252184291408405402
Sales YoY Gr.-0.6%0.3%14.7%25.5%0.9%-27.2%58.5%40.3%-0.9%-
Adj EPS 1.512.53.45.97.94.810.213.312.111.5
YoY Gr.--33.8%157.1%35.3%72.1%34.1%-39.6%115.4%30%-8.8%-
BVPS (₹) 141517.720.426.332.936.743.955.467.298.6
Adj Net
Profit
4.12.98.11220.727.716.73950.747.552
Cash Flow from Ops. 23.422.322.548.350.855.127.434.955.753.1-
Debt/CF from Ops. 4.74.662.92.31.83.431.93.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10%10.1%30.1%-0.9%
Adj EPS 26.3%15.6%36.7%-8.8%
BVPS19.1%20.6%22.3%21.3%
Share Price 44% 49.9% 57.9% 35.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
9.76.615.218.424.826.413.626.226.619.913.9
Op. Profit
Mgn %
14.714.3171918.121.117.62320.921.220.2
Net Profit
Mgn %
2.41.74.768.3119.113.412.411.712.9
Debt to
Equity
2.92.32.31.91.30.80.70.60.50.7-
Working Cap
Days
16715317318114513016412711916156
Cash Conv.
Cycle
10710610911310096129968911130

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 30.14%

Net Profit is growing at healthy rate in last 3 years 36.69%

Debt to equity has declined versus last 3 years average to 0.69

Return on Equity has declined versus last 3 years average to 13.90%

Sales growth is not so good in last 4 quarters at -7.79%

Latest Financials - Pakka Ltd.

Standalone Consolidated
TTM EPS (₹) 11.5 9.7
TTM Sales (₹ Cr.) 402 402
BVPS (₹.) 98.6 95
Reserves (₹ Cr.) 397 381
P/BV 3.18 3.30
PE 27.15 32.35
From the Market
52 Week Low / High (₹) 212.00 / 398.40
All Time Low / High (₹) 2.30 / 398.40
Market Cap (₹ Cr.) 1,404
Equity (₹ Cr.) 44.8
Face Value (₹) 10
Industry PE 11.5

Management X-Ray of Pakka:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *84.9984.9984.9984.9984.9984.9984.9984.9984.9984.99
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Pakka

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales172173174199250252184291408405
Operating Expenses 147149144162205199151226324319
Manufacturing Costs7061587395896993148148
Material Costs50616152696238649788
Employee Cost 11121318212424324042
Other Costs 16151219202420373942
Operating Profit 25253038455332658586
Operating Profit Margin (%) 14.7%14.2%17.0%19.0%18.1%21.1%17.5%22.4%20.7%21.1%
Other Income 2133591181210
Interest 161515131713119119
Depreciation 477691010101314
Exceptional Items -150-10000000
Profit Before Tax -941122254023547273
Tax -223104126152124
Profit After Tax -73812212817385149
PAT Margin (%) -3.9%1.6%4.5%6.3%8.3%10.9%9.1%13.1%12.6%12.0%
Adjusted EPS (₹)-2.41.02.43.55.97.84.710.013.512.4
Dividend Payout Ratio (%)0%0%0%0%17%13%21%20%18%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3945577394117130168211263
Share Capital 28303235353535383839
Reserves 11152538588195130173224
Minority Interest0000000000
Debt989112212410481799896170
Long Term Debt565070725943372922110
Short Term Debt42425252453842697460
Trade Payables12111017138811912
Others Liabilities 24242155605246516272
Total Liabilities 174172211268271258262327378518

Fixed Assets

Gross Block153159100175189198209222253266
Accumulated Depreciation6167713223141455569
Net Fixed Assets929293162168167168177197197
CWIP 10102056181735
Investments 0000000497
Inventories574959737156607998111
Trade Receivables13161215151815232440
Cash Equivalents 35833439768
Others Assets89281413810182659
Total Assets 174172211268271258262327378518

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 23222248515527355653
PBT 741122254023547273
Adjustment 19202018241919182223
Changes in Working Capital -2-1-71282-10-22-26-23
Tax Paid 0-1-2-4-6-6-5-15-13-19
Cash Flow From Investing Activity -4-7-36-47-15-16-12-33-41-75
Capex -3-7-36-46-15-17-14-29-31-46
Net Investments 00000000-10
Others 001-1012-4-9-29
Cash Flow From Financing Activity -19-1317-8-35-39-162-1774
Net Proceeds from Shares 00440003013
Net Proceeds from Borrowing -5-8201-13-16-6-8-788
Interest Paid -15-14-13-12-15-12-10-8-9-8
Dividend Paid 00000-4-4-4-8-9
Others 186-2-7-73186-9
Net Cash Flow 124-60003-353
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-15.86.8515.2719.3325.1726.4813.6325.7527.2120.52
ROCE (%)4.7512.7414.9417.4519.7824.5515.5125.4828.3821.39
Asset Turnover Ratio1.011.050.960.840.930.960.710.991.160.9
PAT to CFO Conversion(x)N/A7.332.7542.431.961.590.921.11.08
Working Capital Days
Receivable Days27292824222433242129
Inventory Days11010710811910592115877994
Payable Days88716496806376523744

Pakka Ltd Stock News

Pakka Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pakka on 26-Dec-2024 15:24 is ₹310.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Dec-2024 15:24 the market cap of Pakka stood at ₹1,404.4.
The latest P/E ratio of Pakka as of 26-Dec-2024 15:24 is 27.15.
The latest P/B ratio of Pakka as of 26-Dec-2024 15:24 is 3.18.
The 52-week high of Pakka is ₹398.4 and the 52-week low is ₹212.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pakka is ₹401.8 ( Cr.) .

About Pakka Ltd

Yash Papers was incorporated in 1981, located in Faizabad, India is synonymous with machine-glazed varieties of paper. Their brand revolves around the manufacture of the best wrapping grades of papers in India. The Company manufactures wrapping tissues in both brown and white varieties.

The Company was commissioned by entrepreneur-promoter KK Jhunjhunwala - from an installed capacity of 1940 MT per annum in 1983, it is because of a singular discipline, focus on specialty products and quality and plough back surpluses into additional capacity. As a result, they have grown significantly to an installed capacity of 39,100 MT per annum that makes them the largest producers of wrapping grades in the country.

The consistent feature of their business strategy has been value-addition. They invested periodically in the manufacture of specialized grades – a distinctive preference for the value approach over a volume one.

This preference for the value-approach is reflected in the Company’s product mix - hard tissue, wrapping grade and packaging/stationery grades. These varieties are used in specialized downstream applications like soap wrapping, food wrapping, pharmaceutical covers, interleaving sheets, laminating sheets, paper bag, bidi wrapping, gum tape, notebook covering paper, PE coating in mattress, tube light packaging among others.

Product range of the company includes:

  • Hard tissues (18 - 30 GSM)
  • Wrapping grades (30 - 60 GSM)
  • Packaging/ stationery grades (60 - 80 GSM) with average GSM range of 49 - 64
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