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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Ester Industries Ltd

About the Company - Ester Industries Ltd

Ester Industries Ltd. is a Public Limited Listed company incorporated on 04/02/1985 and has its registered office in the State of Uttarakhand/Uttaranchal, India. Company’s Corporate Identification Number(CIN) is L24111UR1985PLC015063 and registration number is 015063. Currently Company is involved in the business activities of Manufacture of moulded industrial accessories of plastics [including electrical insulating fittings of plastics]. Company’s Total Operating Revenue is Rs. 1405.66 Cr. and Equity Capital is Rs. 41.70 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & ContainersSohan Nagar, Udham Singh Nagar Uttarakhand/Uttaranchal 262308investor@ester.in
http://www.esterindustries.com
Management
NamePosition Held
Mr. Arvind SinghaniaChairman & CEO
Mr. Pradeeep Kumar RustagiExecutive Director
Mr. Ayush Vardhan SinghaniaWhole Time Director
Mrs. Archana SinghaniaNon Executive Director
Dr. Anand Chand BurmanIndependent Director
Mr. P S DasguptaIndependent Director
Mr. Sandeep DinodiaIndependent Director
Mrs. Padamaja Shailen RuparelIndependent Director
Mr. Ashok Kumar NewatiaIndependent Director
Mr. M S RamachandranIndependent Director

Basic Stock Data of Ester Industries Ltd

Last Updated: June 13, 2024, 7:29 am

Market Cap 1,000 Cr.
Current Price 107
High / Low132/80.2
Stock P/E
Book Value 76.4
Dividend Yield0.46 %
ROCE4.24 %
ROE16.6 %
Face Value 5.00
PEG Ratio0.00

Ester Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales251256297319259288303324302193295258261
Expenses181202240257222244253265279194285257272
Operating Profit705457623744505923-1100-10
OPM %28%21%19%19%14%15%17%18%8%-1%3%0%-4%
Other Income2222161411101238-1910
Interest4565569788141718
Depreciation999991010101010141617
Profit before tax5943445039424453129-12-20-24-35
Tax %25%26%27%26%17%19%25%22%4%22%10%6%13%
Net Profit4432323732353342124-9-18-22-30
EPS in Rs5.303.783.894.433.884.143.954.9814.85-1.11-2.13-2.65-3.65

Last Updated: June 10, 2024, 1:02 pm

Ester Industries Ltd Quarterly Chart

Ester Industries Ltd Profit & Loss

MonthMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2021Mar 2022Mar 2023TTM
Sales3183723956716988849288957689921,1101,1141,006
Expenses2803013344486638428538236987609391,0221,008
Operating Profit387161223354274727123117193-2
OPM %12%19%15%33%5%5%8%8%9%23%15%8%-0%
Other Income20116553586013726
Interest1310613352635373619253656
Depreciation14131418272930323235374458
Profit before tax124841193-21-81457185169149-90
Tax %20%30%33%33%34%32%41%21%33%26%19%8%
Net Profit103328129-14-5845137137137-80
EPS in Rs4.4320.58-2.21-0.841.330.610.5516.4916.3916.42-9.54
Dividend Payout %28%8%23%19%0%0%38%0%0%21%20%3%

Ester Industries Ltd Profit & Loss Yearly Chart

Ester Industries Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:%
3 Years:2%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-188%
Stock Price CAGR
10 Years:18%
5 Years:27%
3 Years:-8%
1 Year:-8%
Return on Equity
10 Years:%
5 Years:%
3 Years:8%
Last Year:-17%

Last Updated: June 5, 2024, 10:06 am

Ester Industries Ltd Balance Sheet

MonthMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital28283131313131314242424242
Reserves82113146246232226232235250470580702645
Preference Capital300000000510
Borrowings985354224304335363376316203638816775
Other Liabilities4144691226060727280147169155165
Total Liabilities2492383016236276526987146888621,4281,7151,627
Fixed Assets140140136363350376390399385377390979992
CWIP20375175181223764357994
Investments00011000010154148
Other Assets10797129254258272290303280407604503394
Total Assets2492383016236276526987146888621,4281,7151,627

Ester Industries Ltd Reserves and Borrowings Chart

Ester Industries Ltd Cash Flow

MonthMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2866468347235268811466258
Cash from Investing Activity -11-5-54-222-36-27-57-36-20-147-392-199
Cash from Financing Activity -16-6010140-94-2-18-753384114
Net Cash Flow11213-0-714-14254-28

Ester Industries Ltd Financial Efficiency Indicators

MonthMar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days384766444549485356645051
Inventory Days5059867769697496981108870
Days Payable274667141111111727341731
Cash Conversion Cycle60608510710310611113212613912190
Working Capital Days595569857778788691119105114
ROCE %29%23%56%3%3%8%7%7%14%4%

Ester Industries Ltd Financial Efficiency Indicators Chart

Ester Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters64.04%64.04%64.04%64.04%64.04%64.04%64.04%64.04%64.04%64.04%64.04%62.45%
FIIs1.19%0.40%0.28%0.34%0.39%0.26%0.25%0.32%0.16%0.04%0.03%0.04%
DIIs0.03%0.03%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public34.74%35.53%35.66%35.60%35.55%35.68%35.69%35.62%35.78%35.91%35.92%37.50%
No. of Shareholders33,97736,41434,14739,47738,56536,67439,66140,80240,44541,56441,44741,428

Ester Industries Ltd Shareholding Pattern Chart

No. of Ester Industries Ltd Shareholders

This stock is not held by any mutual fund

Ester Industries Ltd ROCE Trend

Ester Industries Ltd EPS Trend

Ester Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 16
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)-14.4916.4216.3916.490.57
Diluted EPS (Rs.)-14.4916.4216.3916.490.57
Cash EPS (Rs.)-5.6421.6821.0320.714.43
Book Value[Excl.RevalReserv]/Share (Rs.)76.3789.1574.5560.8134.45
Book Value[Incl.RevalReserv]/Share (Rs.)76.3789.1574.5561.4035.04
Revenue From Operations / Share (Rs.)113.19133.60168.56118.9292.43
PBDIT / Share (Rs.)0.3612.4929.9528.689.02
PBIT / Share (Rs.)-6.887.2325.3124.465.14
PBT / Share (Rs.)-14.372.8722.3322.230.81
Net Profit / Share (Rs.)-12.8816.4216.3916.490.54
NP After MI And SOA / Share (Rs.)-12.8816.4216.3916.490.54
PBDIT Margin (%)0.319.3517.7624.119.75
PBIT Margin (%)-6.075.4015.0120.565.55
PBT Margin (%)-12.692.1413.2418.690.88
Net Profit Margin (%)-11.3812.289.7213.860.59
NP After MI And SOA Margin (%)-11.3812.289.7213.860.59
Return on Networth / Equity (%)-16.8618.4121.9827.111.58
Return on Capital Employeed (%)-5.324.4418.2430.1510.11
Return On Assets (%)-7.367.989.5715.950.66
Long Term Debt / Equity (X)0.610.720.760.190.33
Total Debt / Equity (X)1.081.101.030.340.97
Asset Turnover Ratio (%)0.630.701.430.001.10
Current Ratio (X)1.271.691.951.911.03
Quick Ratio (X)0.921.211.201.170.54
Inventory Turnover Ratio (X)4.803.825.390.003.90
Dividend Payout Ratio (NP) (%)0.0011.5720.1224.260.00
Dividend Payout Ratio (CP) (%)0.008.7615.6919.310.00
Earning Retention Ratio (%)0.0088.4379.8875.740.00
Cash Earning Retention Ratio (%)0.0091.2484.3180.690.00
Interest Coverage Ratio (X)0.042.8710.0412.882.09
Interest Coverage Ratio (Post Tax) (X)-0.721.326.508.401.13
Enterprise Value (Cr.)1457.081488.411756.061119.01706.40
EV / Net Operating Revenue (X)1.371.341.251.130.91
EV / EBITDA (X)430.0214.297.034.689.39
MarketCap / Net Operating Revenue (X)0.750.650.830.980.56
Retention Ratios (%)0.0088.4279.8775.730.00
Price / BV (X)1.120.971.901.921.52
Price / Net Operating Revenue (X)0.750.650.830.980.56
EarningsYield-0.150.180.110.140.01

Ester Industries Ltd Profitability Ratios (%)

Ester Industries Ltd Liquidity Ratios

Ester Industries Ltd Liquidity Ratios (%)

Ester Industries Ltd Interest Coverage Ratios (%)

Ester Industries Ltd Valuation Ratios

Fair Value

Fair Value: 191.11

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.

Undervalued: 78.61% compared to the current price 107

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 118.11

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 10.39% compared to the current price ₹107

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -38.20%

*Investments are subject to market risks

Strength and Weakness of Ester Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (319.92 cr) compared to borrowings (0.69 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (532.62 cr) and profit (54.15 cr) over the years.
  1. The stock has a low average ROCE of 12.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 84.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 103.33, which may not be favorable.

FAQ

What is the latest fair value of Ester Industries Ltd?

The latest fair value of Ester Industries Ltd is ₹191.11.

What is the Market Cap of Ester Industries Ltd?

The Market Cap of Ester Industries Ltd is 1,000 Cr..

What is the current Stock Price of Ester Industries Ltd as on 13 June 2024?

The current stock price of Ester Industries Ltd as on 13 June 2024 is ₹107.

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

In FY 2024, the High / Low of Ester Industries Ltd stocks is 132/80.2.

What is the Stock P/E of Ester Industries Ltd?

The Stock P/E of Ester Industries Ltd is .

What is the Book Value of Ester Industries Ltd?

The Book Value of Ester Industries Ltd is 76.4.

What is the Dividend Yield of Ester Industries Ltd?

The Dividend Yield of Ester Industries Ltd is 0.46 %.

What is the ROCE of Ester Industries Ltd?

The ROCE of Ester Industries Ltd is 4.24 %.

What is the ROE of Ester Industries Ltd?

The ROE of Ester Industries Ltd is 16.6 %.

What is the Face Value of Ester Industries Ltd?

The Face Value of Ester Industries Ltd is 5.00.

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 Ester Industries 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