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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 500298 | NSE: NAPEROL

Naperol Investments Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 8:23 pm

Market Cap 828 Cr.
Current Price 1,441
High / Low2,041/801
Stock P/E845
Book Value 3,204
Dividend Yield0.00 %
ROCE0.08 %
ROE0.05 %
Face Value 10.0
PEG Ratio-18.48

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

View Share Price Target for Naperol Investments Ltd

Competitors of Naperol Investments Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nam Securities Ltd 85.7 Cr. 159198/59.3238 21.20.00 %4.16 %3.05 % 10.0
Naperol Investments Ltd 828 Cr. 1,4412,041/801845 3,2040.00 %0.08 %0.05 % 10.0
Inani Securities Ltd 14.1 Cr. 31.042.0/20.59.75 42.20.00 %10.6 %6.92 % 10.0
HCKK Ventures Ltd 43.5 Cr. 117154/77.4241 11.50.00 %8.17 %6.44 % 10.0
HB Portfolio Ltd 108 Cr. 101177/54.314.6 2790.99 %3.34 %2.90 % 10.0
Industry Average7,266.37 Cr2,238.6976.495,594.830.28%15.23%17.14%7.45

All Competitor Stocks of Naperol Investments Ltd

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales67.0479.7449.9575.791.070.290.280.280.281.070.290.281.73
Expenses54.6762.3451.9371.590.820.560.380.710.320.491.010.640.41
Operating Profit12.3717.40-1.984.200.25-0.27-0.10-0.43-0.040.58-0.72-0.361.32
OPM %18.45%21.82%-3.96%5.54%23.36%-93.10%-35.71%-153.57%-14.29%54.21%-248.28%-128.57%76.30%
Other Income3.971.278.6717.440.000.000.000.000.000.000.000.000.45
Interest2.312.081.961.810.000.000.000.000.000.000.000.000.00
Depreciation4.374.444.364.450.000.000.000.000.000.000.000.000.00
Profit before tax9.6612.150.3715.380.25-0.27-0.10-0.43-0.040.58-0.72-0.361.77
Tax %28.47%27.33%100.00%25.55%68.00%-25.93%30.00%-25.58%-50.00%8.62%-23.61%-11.11%24.29%
Net Profit6.918.83-0.0111.460.08-0.20-0.12-0.32-0.020.53-0.55-0.331.33
EPS in Rs12.1215.49-0.0220.110.14-0.35-0.21-0.56-0.040.93-0.96-0.582.33

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales212.24234.22196.29233.22232.97305.55401.50207.91226.29232.171.891.923.37
Expenses145.52172.95174.36197.33163.29160.82175.38165.64169.80208.912.132.532.55
Operating Profit66.7261.2721.9335.8969.68144.73226.1242.2756.4923.26-0.24-0.610.82
OPM %31.44%26.16%11.17%15.39%29.91%47.37%56.32%20.33%24.96%10.02%-12.70%-31.77%24.33%
Other Income5.077.066.377.16-1.5011.2019.110.69-14.5310.45376.330.000.45
Interest0.350.224.685.392.210.510.732.7412.668.830.000.000.00
Depreciation11.009.737.218.968.939.199.2311.2317.5017.440.000.000.00
Profit before tax60.4458.3816.4128.7057.04146.23235.2728.9911.807.44376.09-0.611.27
Tax %34.13%33.85%61.97%37.39%33.59%34.95%34.96%40.12%-76.44%31.72%0.22%-40.98%
Net Profit39.8138.626.2317.9737.8895.12153.0317.3720.815.09375.25-0.370.98
EPS in Rs69.8467.7510.9331.5366.46166.88268.4730.4736.518.93658.33-0.651.72
Dividend Payout %21.67%22.33%46.15%32.00%51.61%39.29%24.42%41.38%34.54%56.48%0.15%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-2.99%-83.87%188.44%110.80%151.11%60.88%-88.65%19.80%-75.54%7272.30%-100.10%
Change in YoY Net Profit Growth (%)0.00%-80.88%272.31%-77.65%40.31%-90.23%-149.53%108.45%-95.34%7347.84%-7372.40%

Naperol Investments Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:-38%
5 Years:-66%
3 Years:-80%
TTM:198%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:248%
Stock Price CAGR
10 Years:13%
5 Years:4%
3 Years:-1%
1 Year:45%
Return on Equity
10 Years:8%
5 Years:2%
3 Years:0%
Last Year:0%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital5.755.755.755.755.755.755.755.755.755.755.755.755.75
Reserves172.30200.84203.20214.25368.46503.10609.34480.71582.67531.50551.581,049.011,820.64
Borrowings1.034.0472.9930.3311.040.0079.69161.38124.6994.070.000.000.00
Other Liabilities57.2358.9262.1759.9654.6275.6988.1094.4171.4362.941.4723.22118.16
Total Liabilities236.31269.55344.11310.29439.87584.54782.88742.25784.54694.26558.801,077.981,944.55
Fixed Assets110.42116.63187.37179.67178.48169.65165.75372.39342.13337.660.060.060.06
CWIP3.1540.923.983.091.685.6475.400.002.533.990.000.000.00
Investments58.6110.299.597.06170.19253.43191.59176.56267.74281.73546.811,064.721,936.84
Other Assets64.13101.71143.17120.4789.52155.82350.14193.30172.1470.8811.9313.207.65
Total Assets236.31269.55344.11310.29439.87584.54782.88742.25784.54694.26558.801,077.981,944.55

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +41.2727.7521.0721.8359.2994.22147.5415.5860.749.171.451.09
Cash from Investing Activity +-28.76-20.51-74.9829.50-31.34-55.87-174.61-38.28-7.0834.270.950.45
Cash from Financing Activity +-12.50-7.2454.26-51.38-28.24-35.2134.6614.13-49.18-49.08-2.88-0.62
Net Cash Flow0.010.000.35-0.05-0.293.137.59-8.584.47-5.64-0.490.92

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow65.6957.23-51.065.5658.64144.73146.43-119.11-68.20-70.81-0.24-0.61

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 Days54.4650.6669.1051.1151.9763.6127.8156.6238.4529.68193.120.00
Inventory Days56.17134.1475.9564.5366.2665.32133.9398.1486.7886.85
Days Payable174.75125.97119.5882.59114.6989.84100.9775.09102.5041.02
Cash Conversion Cycle-64.1258.8325.4733.053.5439.0960.7879.6622.7475.51193.120.00
Working Capital Days25.6671.90149.89101.5264.05114.93237.71229.82196.8042.20-84.97-302.27
ROCE %36.55%29.59%8.56%13.15%21.05%32.59%39.21%4.73%5.87%1.29%-0.04%-0.08%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters70.76%70.76%70.76%70.76%70.76%70.76%70.76%70.77%70.77%70.77%70.77%70.77%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.07%0.00%0.00%0.67%1.91%
DIIs0.25%0.25%0.25%0.27%0.27%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public28.99%28.99%28.99%28.97%28.96%29.23%29.23%29.16%29.23%29.22%28.55%27.31%
No. of Shareholders20,10919,89519,64519,27519,04818,90918,63219,05419,80918,93218,18815,775

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)73.989.4536.8531.17267.61
Diluted EPS (Rs.)73.989.4536.8531.17267.61
Cash EPS (Rs.)107.3039.7967.3050.71283.68
Book Value[Excl.RevalReserv]/Share (Rs.)1584.231584.481856.211395.692042.43
Book Value[Incl.RevalReserv]/Share (Rs.)1584.231584.481856.211395.692042.43
Revenue From Operations / Share (Rs.)655.08393.14374.12332.75699.98
PBDIT / Share (Rs.)115.2047.36100.8275.73428.02
PBIT / Share (Rs.)81.8717.0270.3756.20411.95
PBT / Share (Rs.)98.7213.8321.3951.43410.68
Net Profit / Share (Rs.)73.989.4536.8531.17267.61
NP After MI And SOA / Share (Rs.)73.989.4536.8531.17267.61
PBDIT Margin (%)17.5812.0426.9422.7661.14
PBIT Margin (%)12.494.3218.8016.8858.85
PBT Margin (%)15.073.515.7115.4558.67
Net Profit Margin (%)11.292.409.849.3638.23
NP After MI And SOA Margin (%)11.292.409.849.3638.23
Return on Networth / Equity (%)4.660.591.982.2313.10
Return on Capital Employeed (%)4.881.013.663.8218.44
Return On Assets (%)4.240.501.671.6911.46
Long Term Debt / Equity (X)0.010.010.000.000.05
Total Debt / Equity (X)0.010.100.010.010.06
Asset Turnover Ratio (%)0.360.190.180.180.42
Current Ratio (X)3.011.151.030.875.69
Quick Ratio (X)2.070.880.920.755.14
Inventory Turnover Ratio (X)5.854.473.672.314.51
Dividend Payout Ratio (NP) (%)6.75132.3033.92208.5024.28
Dividend Payout Ratio (CP) (%)4.6531.4118.57128.1722.91
Earning Retention Ratio (%)93.25-32.3066.08-108.5075.72
Cash Earning Retention Ratio (%)95.3568.5981.43-28.1777.09
Interest Coverage Ratio (X)10.643.084.5815.90336.55
Interest Coverage Ratio (Post Tax) (X)5.280.823.907.55211.42
Enterprise Value (Cr.)717.501004.521262.50675.991683.65
EV / Net Operating Revenue (X)1.914.455.873.534.19
EV / EBITDA (X)10.8436.9121.7915.536.84
MarketCap / Net Operating Revenue (X)1.894.045.863.534.02
Retention Ratios (%)93.24-32.3066.07-108.5075.71
Price / BV (X)0.781.001.180.841.38
Price / Net Operating Revenue (X)1.894.045.863.534.02
EarningsYield0.050.010.010.020.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Naperol Investments Ltd as of November 24, 2024 is: 1,380.76

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 24, 2024, Naperol Investments Ltd is Overvalued by 4.18% compared to the current share price 1,441.00

Intrinsic Value of Naperol Investments Ltd as of November 24, 2024 is: 749.45

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 24, 2024, Naperol Investments Ltd is Overvalued by 47.99% compared to the current share price 1,441.00

Last 5 Year EPS CAGR: -45.72%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.04%, which is a positive sign.
  2. The company has higher reserves (560.58 cr) compared to borrowings (44.56 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (191.50 cr) and profit (79.03 cr) over the years.
  1. The stock has a high average Working Capital Days of 70.60, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 43.97, 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 Naperol Investments Ltd:
    1. Net Profit Margin: 11.29%
      • 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: 4.88% (Industry Average ROCE: 15.23%)
      • 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%: 4.66% (Industry Average ROE: 17.14%)
      • 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): 5.28
      • 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: 2.07
      • 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: 845 (Industry average Stock P/E: 76.49)
      • 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: 0.01
      • 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

National Peroxide Ltd. is a Public Limited Listed company incorporated on 16/03/1954 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24299MH1954PLC009254 and registration number is 009254. Currently Company is involved in the business activities of Manufacture of liquefied or compressed inorganic industrial or medical gases (elemental gases, liquid or compressed air, refrigerant gases, mixed industrial gases etc.). Company’s Total Operating Revenue is Rs. 225.41 Cr. and Equity Capital is Rs. 5.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsNeville House, J N Heredia Marg, Mumbai Maharashtra 400001secretarial@naperol.com
http://www.naperol.com
Management
NamePosition Held
Mr. Ness N WadiaChairman, Non Ind & Non Exe Director
Dr.(Mrs.) Minnie BodhanwalaNon Exe.Non Ind.Director
Mr. Rajiv AroraNon Exe.Non Ind.Director
Mr. Rajesh Kumar BatraInd.& Non Exe.Director
Mr. Viraf R MehtaInd.& Non Exe.Director
Ms. Parvathi MenonInd.& Non Exe.Director
Mr. Keki M ElaviaInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Naperol Investments Ltd?

The latest intrinsic value of Naperol Investments Ltd as on 24 November 2024 is ₹1380.76, which is 4.18% lower than the current market price of ₹1,441.00.

What is the Market Cap of Naperol Investments Ltd?

The Market Cap of Naperol Investments Ltd is 828 Cr..

What is the current Stock Price of Naperol Investments Ltd as on 24 November 2024?

The current stock price of Naperol Investments Ltd as on 24 November 2024 is 1,441.

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

In FY 2024, the High / Low of Naperol Investments Ltd stocks is 2,041/801.

What is the Stock P/E of Naperol Investments Ltd?

The Stock P/E of Naperol Investments Ltd is 845.

What is the Book Value of Naperol Investments Ltd?

The Book Value of Naperol Investments Ltd is 3,204.

What is the Dividend Yield of Naperol Investments Ltd?

The Dividend Yield of Naperol Investments Ltd is 0.00 %.

What is the ROCE of Naperol Investments Ltd?

The ROCE of Naperol Investments Ltd is 0.08 %.

What is the ROE of Naperol Investments Ltd?

The ROE of Naperol Investments Ltd is 0.05 %.

What is the Face Value of Naperol Investments Ltd?

The Face Value of Naperol Investments Ltd is 10.0.

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 Naperol Investments 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