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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

EPL Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:13 pm

Market Cap 8,073 Cr.
Current Price 253
High / Low280/170
Stock P/E27.9
Book Value 69.3
Dividend Yield1.76 %
ROCE15.1 %
ROE12.3 %
Face Value 2.00
PEG Ratio7.33

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for EPL Ltd

Competitors of EPL Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of EPL Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7698107998708838808329489459699101,002975
Expenses610671654717745747708800796815751821792
Operating Profit158140145153138133123148148155159181183
OPM %21%17%18%18%16%15%15%16%16%16%17%18%19%
Other Income33513237427111124
Interest89910101112161921243129
Depreciation59606262646365667079808484
Profit before tax94747982676149726482667894
Tax %23%21%24%36%12%18%29%34%2%-3%16%33%7%
Net Profit72586052585035486385565287
EPS in Rs2.251.801.831.611.811.541.061.461.972.651.711.592.71

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,5841,8312,1252,3212,1282,3022,4242,7072,7613,0923,4333,6943,826
Expenses1,3271,5171,7701,9291,7231,8801,9602,2082,2042,4812,8643,1193,183
Operating Profit257313355392404422464499558611569575643
OPM %16%17%17%17%19%18%19%18%20%20%17%16%17%
Other Income18302126305221373-2114153
Interest84918179615855615643406794
Depreciation117126126132123141167186230235251280312
Profit before tax74126169206251274263289275331289268290
Tax %30%35%34%30%31%29%34%32%23%26%23%14%
Net Profit5484112145173196174195212244221231256
EPS in Rs0.332.583.434.485.416.065.466.116.577.586.797.127.92
Dividend Payout %20%15%18%18%20%20%22%20%50%54%63%60%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)55.56%33.33%29.46%19.31%13.29%-11.22%12.07%8.72%15.09%-9.43%4.52%
Change in YoY Net Profit Growth (%)0.00%-22.22%-3.87%-10.15%-6.02%-24.52%23.29%-3.35%6.38%-24.52%13.95%

EPL Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:8%
TTM:7%
Compounded Profit Growth
10 Years:9%
5 Years:6%
3 Years:0%
TTM:15%
Stock Price CAGR
10 Years:15%
5 Years:10%
3 Years:7%
1 Year:27%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:12%
Last Year:12%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:34 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital31313131313163636363646464
Reserves9136747529331,0081,2191,3251,4701,6351,7611,9262,0282,143
Borrowings9621,024962709798734632737642769890912846
Other Liabilities265362365334412452492526654670723767940
Total Liabilities2,1722,0932,1102,0082,2502,4372,5132,7962,9943,2643,6013,7713,992
Fixed Assets1,1328988879241,1791,1841,3071,3641,5311,4731,6941,9121,932
CWIP4836895719424135271471787284
Investments46454630151317161571986
Other Assets9451,1141,0889961,0361,1981,1471,3811,4211,6361,7111,7801,970
Total Assets2,1722,0932,1102,0082,2502,4372,5132,7962,9943,2643,6013,7713,992

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +169257313361369343356471522312602586
Cash from Investing Activity +-59-213-145-46-279-156-188-108-278-266-412-361
Cash from Financing Activity +-107-33-168-320-76-154-194-142-319-95-138-263
Net Cash Flow4110-51334-25221-75-5052-37

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow257.00-649.00354.00-570.00-305.00-376.00-270.00-133.00-179.00-31.00-200.00-315.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days606359576069676570686465
Inventory Days8579747989101101116117143133144
Days Payable48645251536665112119109109125
Cash Conversion Cycle977882859510410370671028785
Working Capital Days706163796466665265827069
ROCE %11%14%16%18%17%17%17%16%17%13%12%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters51.91%51.91%51.91%51.91%51.53%51.53%51.53%51.52%51.50%51.50%51.50%51.47%
FIIs14.95%14.58%14.70%12.21%12.13%11.99%12.22%10.41%9.89%10.91%11.35%13.43%
DIIs14.07%13.92%13.90%15.88%15.92%16.35%15.85%15.54%14.52%13.35%11.55%11.20%
Public19.07%19.58%19.49%19.99%20.41%20.14%20.40%22.54%24.07%24.22%25.58%23.89%
No. of Shareholders58,80262,60264,30065,49768,09767,65767,12775,04082,10985,87793,06396,754

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Mirae Asset Large Cap Fund11,421,3890.6206.211,762,6292024-11-20547.97%
ICICI Prudential Smallcap Fund8,728,3742.63157.591,762,6292024-11-20395.19%
Canara Robeco Small Cap Fund4,214,6850.9776.11,762,6292024-11-20139.11%
ICICI Prudential Multi Asset Fund3,257,5250.2458.811,762,6292024-11-2084.81%
Franklin India Prima Fund2,053,7630.4437.081,762,6292024-11-2016.52%
ICICI Prudential Multicap Fund1,957,4720.435.341,762,6292024-11-2011.05%
Axis Small Cap Fund1,762,6290.1931.821,762,6292024-11-200%
Quant Small Cap Fund1,474,6200.2826.621,762,6292024-11-20-16.34%
Mahindra Manulife Small Cap Fund1,178,9360.9521.291,762,6292024-11-20-33.11%
ICICI Prudential Child Care - Gift Fund404,1520.747.31,762,6292024-11-20-77.07%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)6.707.156.797.586.57
Diluted EPS (Rs.)6.687.156.777.576.57
Cash EPS (Rs.)16.9416.1715.2015.2114.01
Book Value[Excl.RevalReserv]/Share (Rs.)65.6462.6758.8054.8848.85
Book Value[Incl.RevalReserv]/Share (Rs.)65.6462.6758.8054.8848.85
Revenue From Operations / Share (Rs.)122.95116.17108.6397.9987.48
PBDIT / Share (Rs.)24.2919.4918.6119.8318.09
PBIT / Share (Rs.)13.8410.6710.6512.3910.81
PBT / Share (Rs.)8.318.529.3810.528.75
Net Profit / Share (Rs.)6.497.357.247.776.73
NP After MI And SOA / Share (Rs.)6.697.136.787.586.57
PBDIT Margin (%)19.7516.7817.1320.2320.68
PBIT Margin (%)11.259.189.8012.6412.35
PBT Margin (%)6.767.338.6310.739.99
Net Profit Margin (%)5.276.326.667.937.68
NP After MI And SOA Margin (%)5.446.136.247.737.50
Return on Networth / Equity (%)10.1911.3911.7514.0813.52
Return on Capital Employeed (%)16.1812.7114.0517.4616.91
Return On Assets (%)5.596.246.517.937.38
Long Term Debt / Equity (X)0.210.240.190.200.21
Total Debt / Equity (X)0.380.380.360.290.34
Asset Turnover Ratio (%)1.051.070.460.430.44
Current Ratio (X)1.521.691.711.741.70
Quick Ratio (X)0.911.051.051.201.23
Inventory Turnover Ratio (X)2.702.841.831.571.70
Dividend Payout Ratio (NP) (%)64.2160.1261.8454.1138.04
Dividend Payout Ratio (CP) (%)25.0726.8728.4627.3118.03
Earning Retention Ratio (%)35.7939.8838.1645.8961.96
Cash Earning Retention Ratio (%)74.9373.1371.5472.6981.97
Interest Coverage Ratio (X)6.699.2014.5914.5810.26
Interest Coverage Ratio (Post Tax) (X)3.314.486.687.094.98
Enterprise Value (Cr.)6268.295676.226614.287722.865040.09
EV / Net Operating Revenue (X)1.601.541.932.501.83
EV / EBITDA (X)8.109.1611.2512.348.83
MarketCap / Net Operating Revenue (X)1.451.391.782.401.77
Retention Ratios (%)35.7839.8738.1545.8861.95
Price / BV (X)2.712.593.354.383.18
Price / Net Operating Revenue (X)1.451.391.782.401.77
EarningsYield0.030.040.030.030.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of EPL Ltd as of November 21, 2024 is: 242.00

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, EPL Ltd is Overvalued by 4.35% compared to the current share price 253.00

Intrinsic Value of EPL Ltd as of November 21, 2024 is: 251.22

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, EPL Ltd is Overvalued by 0.70% compared to the current share price 253.00

Last 5 Year EPS CAGR: 3.81%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.25%, which is a positive sign.
  2. The company has higher reserves (1,368.23 cr) compared to borrowings (816.69 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.15 cr) and profit (238.85 cr) over the years.
  1. The stock has a high average Working Capital Days of 67.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 87.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in EPL Ltd:
    1. Net Profit Margin: 5.27%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 16.18% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 10.19% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.31
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.91
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 27.9 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.38
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

EPL Ltd. is a Public Limited Listed company incorporated on 22/12/1982 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74950MH1982PLC028947 and registration number is 028947. Currently Company is involved in the business activities of Manufacture of semi-finished of plastic products (plastic plates, sheets, blocks, film, foil, strip etc.). Company’s Total Operating Revenue is Rs. 981.10 Cr. and Equity Capital is Rs. 63.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & ContainersP.O. Vasind, Taluka Shahapur, Thane District Maharashtra 421604investor.grievance@eplglobal.com
http://www.eplglobal.com
Management
NamePosition Held
Mr. Davinder Singh BrarChairman
Mr. Anand KripaluManaging Director & Global CEO
Mr. Animesh AgrawalNon Executive Director
Mr. Dhaval BuchNon Executive Director
Mr. Amit DixitNon Executive Director
Mr. Aniket DamleNon Executive Director
Ms. Sharmila Abhay KarveIndependent Director
Mr. Shashank SinhaIndependent Director

FAQ

What is the latest intrinsic value of EPL Ltd?

The latest intrinsic value of EPL Ltd as on 21 November 2024 is ₹242.00, which is 4.35% lower than the current market price of ₹253.00.

What is the Market Cap of EPL Ltd?

The Market Cap of EPL Ltd is 8,073 Cr..

What is the current Stock Price of EPL Ltd as on 21 November 2024?

The current stock price of EPL Ltd as on 21 November 2024 is ₹253.

What is the High / Low of EPL Ltd stocks in FY 2024?

In FY 2024, the High / Low of EPL Ltd stocks is 280/170.

What is the Stock P/E of EPL Ltd?

The Stock P/E of EPL Ltd is 27.9.

What is the Book Value of EPL Ltd?

The Book Value of EPL Ltd is 69.3.

What is the Dividend Yield of EPL Ltd?

The Dividend Yield of EPL Ltd is 1.76 %.

What is the ROCE of EPL Ltd?

The ROCE of EPL Ltd is 15.1 %.

What is the ROE of EPL Ltd?

The ROE of EPL Ltd is 12.3 %.

What is the Face Value of EPL Ltd?

The Face Value of EPL Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in EPL Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE