XPRO India Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 18, 2024, 8:58 pm

Market Cap	3,577 Cr.
Current Price	1,613
High / Low	1,677/860
Stock P/E	73.6
Book Value	263
Dividend Yield	0.12 %
ROCE	15.4 %
ROE	11.4 %
Face Value	10.0
PEG Ratio	2.06

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for XPRO India Ltd

Competitors of XPRO India Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hindustan Tin Works Ltd	207 Cr.	199	249/132	14.6	201	0.60 %	11.1 %	8.65 %	10.0
HCP Plastene Bulkpack Ltd	175 Cr.	164	294/147	46.0	49.4	0.00 %	5.83 %	0.30 %	10.0
Gujarat Containers Ltd	101 Cr.	178	200/142	11.7	83.6	0.84 %	22.7 %	22.9 %	10.0
Goblin India Ltd	44.9 Cr.	32.5	82.4/29.2	11.6	31.8	0.00 %	8.18 %	6.90 %	10.0
G K P Printing & Packaging Ltd	18.5 Cr.	8.40	15.5/7.53		9.98	0.00 %	5.50 %	7.89 %	10.0
Industry Average	2,915.03 Cr	443.41		38.85	166.57	0.24%	12.21%	33.26%	7.36

All Competitor Stocks of XPRO India Ltd

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	126.55	111.25	142.80	159.63	134.00	93.06	124.27	130.89	109.97	96.14	128.41	138.53	133.98
Expenses	109.44	93.52	125.57	136.55	114.95	80.03	105.01	111.61	95.10	80.95	111.63	122.89	120.80
Operating Profit	17.11	17.73	17.23	23.08	19.05	13.03	19.26	19.28	14.87	15.19	16.78	15.64	13.18
OPM %	13.52%	15.94%	12.07%	14.46%	14.22%	14.00%	15.50%	14.73%	13.52%	15.80%	13.07%	11.29%	9.84%
Other Income	0.34	0.24	0.94	0.61	1.07	1.54	0.64	1.09	2.87	3.08	3.14	6.89	4.79
Interest	3.49	3.03	2.13	2.21	1.82	1.58	1.92	1.76	1.28	1.18	0.78	0.94	1.40
Depreciation	3.12	3.32	2.92	2.95	2.94	2.89	2.74	2.95	2.92	2.65	2.62	2.61	2.85
Profit before tax	10.84	11.62	13.12	18.53	15.36	10.10	15.24	15.66	13.54	14.44	16.52	18.98	13.72
Tax %	0.00%	0.00%	-33.16%	0.00%	-4.69%	35.94%	71.92%	27.91%	30.06%	26.04%	24.76%	26.19%	27.55%
Net Profit	10.84	11.62	17.46	18.53	16.09	6.47	4.27	11.29	9.48	10.68	12.43	14.02	9.94
EPS in Rs	6.12	6.56	9.86	10.47	9.08	3.65	2.34	6.20	4.59	5.17	5.64	6.36	4.51

Last Updated: November 6, 2024, 7:30 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:13 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	226	243	259	275	318	307	345	354	370	469	509	463	473
Expenses	220	240	256	262	292	286	318	324	330	405	434	397	411
Operating Profit	6	3	3	14	26	21	27	30	40	64	74	66	62
OPM %	3%	1%	1%	5%	8%	7%	8%	8%	11%	14%	15%	14%	13%
Other Income	9	6	5	2	4	27	8	1	2	2	4	10	16
Interest	11	12	13	22	25	21	20	19	17	13	8	5	4
Depreciation	11	11	14	18	17	16	13	12	12	12	12	11	11
Profit before tax	-7	-15	-19	-25	-12	11	2	0	13	41	59	60	63
Tax %	-43%	-31%	-26%	41%	1%	0%	2%	2%	38%	-11%	23%	27%
Net Profit	-4	-10	-14	-35	-12	10	2	0	8	45	45	44	47
EPS in Rs	-2.35	-5.94	-7.93	-20.07	-7.03	5.93	1.31	0.23	4.72	25.38	24.91	19.91	21.76
Dividend Payout %	-28%	0%	0%	0%	0%	0%	0%	0%	0%	5%	8%	10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-150.00%	-40.00%	-150.00%	65.71%	183.33%	-80.00%	-100.00%	462.50%	0.00%	-2.22%
Change in YoY Net Profit Growth (%)	0.00%	110.00%	-110.00%	215.71%	117.62%	-263.33%	-20.00%	562.50%	-462.50%	-2.22%

XPRO India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	6%
3 Years:	8%
TTM:	8%

Compounded Profit Growth
10 Years:	20%
5 Years:	93%
3 Years:	76%
TTM:	54%

Stock Price CAGR
10 Years:	52%
5 Years:	161%
3 Years:	38%
1 Year:	43%

Return on Equity
10 Years:	6%
5 Years:	16%
3 Years:	19%
Last Year:	11%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:26 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	12	12	12	12	12	12	12	12	12	12	18	22	22
Reserves	131	121	105	70	57	68	70	70	78	160	215	538	558
Borrowings	165	187	178	181	215	190	172	168	135	90	39	39	101
Other Liabilities	60	78	92	96	70	80	64	66	83	73	68	78	89
Total Liabilities	368	397	386	359	354	349	317	316	308	335	340	677	770
Fixed Assets	91	104	250	251	226	202	188	188	179	168	160	151	176
CWIP	125	166	1	0	0	1	4	0	0	0	3	22	91
Investments	0	0	0	0	0	0	0	0	0	5	5	5	5
Other Assets	152	127	135	107	128	147	125	128	129	161	173	500	498
Total Assets	368	397	386	359	354	349	317	316	308	335	340	677	770

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-15	4	-3	14	24	34	29	38	48	49	83	44
Cash from Investing Activity +	-108	-58	18	-4	-2	28	7	-6	-2	-10	-58	-320
Cash from Financing Activity +	99	24	-16	-10	-20	-63	-38	-27	-51	-21	-43	278
Net Cash Flow	-24	-30	0	-0	1	-0	-2	5	-5	17	-19	1

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-159.00	-184.00	-175.00	-167.00	-189.00	-169.00	-145.00	-138.00	-95.00	-26.00	35.00	27.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	56	47	57	49	66	59	60	54	65	52	37	43
Inventory Days	59	57	58	57	52	63	52	59	57	51	49	53
Days Payable	80	75	91	78	82	93	77	81	100	65	53	57
Cash Conversion Cycle	35	30	24	28	36	30	36	33	22	38	33	39
Working Capital Days	46	20	0	-11	16	26	31	27	37	40	31	38
ROCE %	1%	-1%	-2%	-0%	5%	4%	8%	8%	13%	24%	28%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	50.02%	50.02%	50.02%	50.02%	50.02%	50.02%	51.37%	51.37%	45.26%	45.26%	42.46%	42.46%
FIIs	0.10%	0.67%	0.62%	0.50%	0.41%	0.18%	0.04%	0.08%	11.99%	12.04%	14.97%	15.04%
DIIs	0.07%	0.07%	0.07%	0.09%	0.09%	0.09%	0.70%	0.77%	0.67%	0.52%	3.09%	3.10%
Government	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
Public	49.78%	49.20%	49.25%	49.35%	49.43%	49.67%	47.84%	47.73%	42.05%	42.13%	39.45%	39.34%
No. of Shareholders	21,215	24,303	26,486	28,198	30,389	30,068	29,896	28,922	28,769	29,179	28,186	27,797

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	21.81	25.57	38.03	7.07	0.34
Diluted EPS (Rs.)	21.77	24.35	37.57	7.07	0.34
Cash EPS (Rs.)	24.97	31.23	48.25	17.57	10.68
Book Value[Excl.RevalReserv]/Share (Rs.)	254.38	128.24	145.62	76.09	69.35
Book Value[Incl.RevalReserv]/Share (Rs.)	254.38	128.24	145.62	76.09	69.35
Revenue From Operations / Share (Rs.)	211.22	280.56	399.31	316.04	300.37
PBDIT / Share (Rs.)	35.55	42.98	55.58	36.56	26.41
PBIT / Share (Rs.)	30.49	36.66	45.37	26.07	16.08
PBT / Share (Rs.)	27.30	32.52	34.36	11.41	0.34
Net Profit / Share (Rs.)	19.91	24.91	38.03	7.07	0.33
NP After MI And SOA / Share (Rs.)	19.91	24.91	38.03	7.07	0.33
PBDIT Margin (%)	16.82	15.32	13.91	11.56	8.79
PBIT Margin (%)	14.43	13.06	11.36	8.24	5.35
PBT Margin (%)	12.92	11.59	8.60	3.61	0.11
Net Profit Margin (%)	9.42	8.87	9.52	2.23	0.11
NP After MI And SOA Margin (%)	9.42	8.87	9.52	2.23	0.11
Return on Networth / Equity (%)	7.82	19.42	26.11	9.29	0.48
Return on Capital Employeed (%)	11.19	26.17	22.33	15.91	9.66
Return On Assets (%)	6.47	13.33	13.41	2.71	0.12
Long Term Debt / Equity (X)	0.03	0.04	0.37	1.08	1.33
Total Debt / Equity (X)	0.06	0.15	0.50	1.21	1.82
Asset Turnover Ratio (%)	0.91	1.51	1.47	1.20	1.12
Current Ratio (X)	5.56	1.55	1.53	1.07	0.97
Quick Ratio (X)	4.96	0.99	1.05	0.70	0.63
Inventory Turnover Ratio (X)	6.81	7.46	7.57	6.33	6.76
Dividend Payout Ratio (NP) (%)	9.42	5.20	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	7.51	4.15	0.00	0.00	0.00
Earning Retention Ratio (%)	90.58	94.80	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	92.49	95.85	0.00	0.00	0.00
Interest Coverage Ratio (X)	15.65	10.39	5.05	2.49	1.68
Interest Coverage Ratio (Post Tax) (X)	10.17	7.02	4.45	1.48	1.02
Enterprise Value (Cr.)	2147.95	1263.80	1783.86	190.68	157.34
EV / Net Operating Revenue (X)	4.62	2.47	3.78	0.51	0.44
EV / EBITDA (X)	27.42	16.14	27.17	4.41	5.04
MarketCap / Net Operating Revenue (X)	5.23	2.46	3.65	0.23	0.05
Retention Ratios (%)	90.57	94.79	0.00	0.00	0.00
Price / BV (X)	4.34	5.39	10.00	0.97	0.23
Price / Net Operating Revenue (X)	5.23	2.46	3.65	0.23	0.05
EarningsYield	0.01	0.03	0.02	0.09	0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of XPRO India Ltd as of December 18, 2024 is: 2,209.32

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 December 18, 2024, XPRO India Ltd is Undervalued by 36.97% compared to the current share price 1,613.00

Intrinsic Value of XPRO India Ltd as of December 18, 2024 is: 2,999.18

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 December 18, 2024, XPRO India Ltd is Undervalued by 85.94% compared to the current share price 1,613.00

Last 5 Year EPS CAGR: 35.75%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 25.08, which is a positive sign. The company has higher reserves (172.38 cr) compared to borrowings (143.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (354.69 cr) and profit (13.15 cr) over the years.	The stock has a low average ROCE of 8.75%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 32.00, 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 XPRO India Ltd:
1. Net Profit Margin: 9.42%
  - 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: 11.19% (Industry Average ROCE: 11.94%)
  - 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%: 7.82% (Industry Average ROE: 29.57%)
  - 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): 10.17
  - 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: 4.96
  - 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: 73.6 (Industry average Stock P/E: 27.62)
  - 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: 0.06
  - 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

Xpro India Ltd. is a Public Limited Listed company incorporated on 26/11/1997 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L25209WB1997PLC085972 and registration number is 085972. 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. 471.72 Cr. and Equity Capital is Rs. 11.81 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Packaging & Containers	Biax Division: Barjora-Mejia Road, Bankura District West Bengal 722202	cosec@xproindia.com http://www.xproindia.com

Management
Name	Position Held
Mr. Sidharth Birla	Chairman
Mr. C Bhaskar	Managing Director & CEO
Mrs. Madhushree Birla	Director
Mr. Amitabha Guha	Director
Mr. Ashok Kumar Jha	Director
Mr. Utsav Parekh	Director
Mr. S Ragothaman	Director
Mr. K Balakrishnan	Director
Mr. Bharat Jhaver	Director
Ms. Suhana Murshed	Director
Ms. Nandini Khaitan	Director
Mr. Manoj Mohanka	Director

FAQ

What is the latest intrinsic value of XPRO India Ltd?

The latest intrinsic value of XPRO India Ltd as on 18 December 2024 is ₹2209.32, which is 36.97% higher than the current market price of ₹1,613.00. The stock has a market capitalization of 3,577 Cr. and recorded a high/low of ₹1,677/860 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹558 Cr and total liabilities of ₹770 Cr.

What is the Market Cap of XPRO India Ltd?

The Market Cap of XPRO India Ltd is 3,577 Cr..

What is the current Stock Price of XPRO India Ltd as on 18 December 2024?

The current stock price of XPRO India Ltd as on 18 December 2024 is 1,613.

What is the High / Low of XPRO India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of XPRO India Ltd stocks is 1,677/860.

What is the Stock P/E of XPRO India Ltd?

The Stock P/E of XPRO India Ltd is 73.6.

What is the Book Value of XPRO India Ltd?

The Book Value of XPRO India Ltd is 263.

What is the Dividend Yield of XPRO India Ltd?

The Dividend Yield of XPRO India Ltd is 0.12 %.

What is the ROCE of XPRO India Ltd?

The ROCE of XPRO India Ltd is 15.4 %.

What is the ROE of XPRO India Ltd?

The ROE of XPRO India Ltd is 11.4 %.

What is the Face Value of XPRO India Ltd?

The Face Value of XPRO India Ltd is 10.0.