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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Huhtamaki India Ltd

About the Company - Huhtamaki India Ltd

Huhtamaki India Ltd. is a Public Limited Listed company incorporated on 19/08/1944 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L21011MH1950FLC145537 and registration number is 145537. Currently company belongs to the Industry of Packaging & Containers. Company’s Total Operating Revenue is Rs. 2625.28 Cr. and Equity Capital is Rs. 15.11 Cr. for the Year ended 31/12/2021.
INDUSTRYADDRESSCONTACT
Packaging & ContainersA-802, Crescenzo, Mumbai Maharashtra 400051investor.communication@huhtamaki.com
http://www.flexibles.huhtamaki.in
Management
NamePosition Held
Mr. Murali SivaramanChairman & Ind.Director
Mr. Dhananjay SalunkheManaging Director
Mr. Jagdish AgarwalExecutive Director & CFO
Mr. Marco HiltyNon Executive Director
Mr. Stefan LotzNon Executive Director
Mr. Sami PauniNon Executive Director
Ms. Seema ModiIndependent Director
Mr. Ashok Kumar BaratIndependent Director

Basic Stock Data of Huhtamaki India Ltd

Last Updated: June 17, 2024, 8:31 pm

Market Cap 2,538 Cr.
Current Price 336
High / Low371/244
Stock P/E23.2
Book Value 152
Dividend Yield1.49 %
ROCE12.5 %
ROE13.0 %
Face Value 2.00
PEG Ratio-2.26

Huhtamaki India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales686558632663669662729793769693662622662
Expenses608522590640638651678758746644610582617
Operating Profit77354223311151342349514046
OPM %11%6%7%3%5%2%7%4%3%7%8%6%7%
Other Income3362-3021362-3603
Interest67667878997108
Depreciation25242324232322222121161211
Profit before tax50820-5-29-183411-516351830
Tax %26%35%19%24%24%25%28%23%101%-5%-1%22%-6%
Net Profit37516-4-22-14258017351432
EPS in Rs4.880.672.14-0.46-2.89-1.793.261.080.012.234.701.914.27

Huhtamaki India Ltd Quarterly Chart

Huhtamaki India Ltd Profit & Loss

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022TTM
Sales8038901,0061,1351,1512,1812,1312,3692,5992,4632,6252,9832,638
Expenses7218029071,0331,0301,9311,9112,1462,3052,2282,5152,8252,453
Operating Profit8288100102121251220223294235110158186
OPM %10%10%10%9%11%11%10%9%11%10%4%5%7%
Other Income168121613151317178-22176
Interest1111263933412327283333
Depreciation32353436399385858798928659
Profit before tax6561778168133115114202118-3256100
Tax %20%27%29%21%28%39%45%69%16%18%28%11%
Net Profit534555654982643517096-235099
EPS in Rs8.397.188.708.896.7511.218.424.6222.5212.71-3.006.5713.11
Dividend Payout %29%36%32%32%41%27%36%65%13%24%-33%30%

Huhtamaki India Ltd Profit & Loss Yearly Chart

Huhtamaki India Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:1%
3 Years:1%
TTM:-14%
Compounded Profit Growth
10 Years:10%
5 Years:33%
3 Years:10%
TTM:80%
Stock Price CAGR
10 Years:12%
5 Years:6%
3 Years:3%
1 Year:36%
Return on Equity
10 Years:11%
5 Years:11%
3 Years:7%
Last Year:13%

Last Updated: April 25, 2024, 6:22 pm

Huhtamaki India Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Jun 2023
Equity Capital13131315151515151515151515
Reserves316342377549572495534541682750700742777
Borrowings22222119402435406403273295412410413
Other Liabilities167165187226298501480491544523680584554
Total Liabilities5185425978091,2881,4461,4351,4511,5141,5831,8071,7511,760
Fixed Assets174171158203186465437518486561537479478
CWIP8411632248164335112
Investments639994225755195138216118100
Other Assets2732673353753437848589089599871,2271,2371,170
Total Assets5185425978091,2881,4461,4351,4511,5141,5831,8071,7511,760

Huhtamaki India Ltd Reserves and Borrowings Chart

Huhtamaki India Ltd Cash Flow

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Cash from Operating Activity 64337913616696101285169-28133274
Cash from Investing Activity -53-11-195-482-05-29-88-73-56-9040
Cash from Financing Activity -18-20112346-150-87-68-200-7449-32-211
Net Cash Flow-71-4-116133-322-3511102

Huhtamaki India Ltd Financial Efficiency Indicators

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Debtor Days576770697790888779888179
Inventory Days494642384549483852685057
Days Payable6969697081938291931128098
Cash Conversion Cycle374543374246543538435137
Working Capital Days304138173149524248565542
ROCE %17%18%15%12%18%16%15%22%14%2%7%12%

Huhtamaki India Ltd Financial Efficiency Indicators Chart

Huhtamaki India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters67.73%67.73%67.73%67.73%67.73%67.73%67.73%67.73%67.73%67.73%67.73%67.73%
FIIs4.24%4.28%4.30%4.23%3.85%1.30%1.03%1.12%1.52%1.43%0.89%1.21%
DIIs1.28%1.07%0.90%0.43%0.44%0.50%0.50%0.50%1.53%1.25%1.32%1.30%
Public26.75%26.92%27.07%27.60%27.98%30.46%30.72%30.64%29.22%29.58%30.06%29.76%
No. of Shareholders33,06933,18434,55633,92734,37833,00031,36230,25627,61426,83026,54431,026

Huhtamaki India Ltd Shareholding Pattern Chart

No. of Huhtamaki India Ltd Shareholders

Huhtamaki India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
LIC MF Small Cap Fund87,1271.462.4687,1272024-06-130%

Huhtamaki India Ltd ROCE Trend

Huhtamaki India Ltd EPS Trend

Huhtamaki India Ltd Key Financial Ratios

MonthDec 16Dec 15Dec 14Dec 13Dec 12
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)11.6310.5810.048.977.19
Diluted EPS (Rs.)11.6310.5810.048.977.19
Cash EPS (Rs.)24.7123.2815.4515.9212.88
Book Value[Excl.RevalReserv]/Share (Rs.)96.8987.9880.6965.1159.57
Book Value[Incl.RevalReserv]/Share (Rs.)96.8988.3681.0765.5559.57
Revenue From Operations / Share (Rs.)299.56280.18168.51173.15143.65
PBDIT / Share (Rs.)36.3733.9017.6419.0615.63
PBIT / Share (Rs.)23.8621.4511.6112.359.94
PBT / Share (Rs.)19.2815.9011.1912.889.85
Net Profit / Share (Rs.)12.2010.839.429.227.20
NP After MI And SOA / Share (Rs.)11.6310.589.168.977.19
PBDIT Margin (%)12.1412.1010.4711.0010.87
PBIT Margin (%)7.967.656.897.136.91
PBT Margin (%)6.435.676.637.436.85
Net Profit Margin (%)4.073.865.595.325.01
NP After MI And SOA Margin (%)3.883.775.435.175.00
Return on Networth / Equity (%)12.4912.4911.7914.4812.69
Return on Capital Employeed (%)15.4413.8713.3617.0915.20
Return On Assets (%)5.114.667.568.487.46
Long Term Debt / Equity (X)0.600.700.060.100.09
Total Debt / Equity (X)0.600.790.060.100.13
Asset Turnover Ratio (%)1.321.061.541.680.00
Current Ratio (X)1.741.622.311.901.76
Quick Ratio (X)1.391.321.911.461.30
Inventory Turnover Ratio (X)8.708.828.847.970.00
Dividend Payout Ratio (NP) (%)0.0026.4630.5631.2236.15
Dividend Payout Ratio (CP) (%)0.0012.1518.4317.8620.18
Earning Retention Ratio (%)0.0073.5469.4468.7863.85
Cash Earning Retention Ratio (%)0.0087.8581.5782.1479.82
Interest Coverage Ratio (X)7.946.1141.3731.86165.89
Interest Coverage Ratio (Post Tax) (X)3.662.9521.0714.5477.40
Enterprise Value (Cr.)2164.142238.241362.09512.51505.66
EV / Net Operating Revenue (X)0.991.101.110.470.56
EV / EBITDA (X)8.189.0810.624.295.16
MarketCap / Net Operating Revenue (X)0.800.851.070.430.50
Retention Ratios (%)0.0073.5369.4368.7763.84
Price / BV (X)2.602.832.331.211.28
Price / Net Operating Revenue (X)0.800.851.070.430.50
EarningsYield0.040.040.050.120.09

Huhtamaki India Ltd Profitability Ratios (%)

Huhtamaki India Ltd Liquidity Ratios

Huhtamaki India Ltd Liquidity Ratios (%)

Huhtamaki India Ltd Interest Coverage Ratios (%)

Huhtamaki India Ltd Valuation Ratios

Fair Value

Fair Value: 465.26

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: 38.47% compared to the current price 336

Intrinsic Value: 417.55

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: 24.27% compared to the current price ₹336

Last 5 Year EPS CAGR: -10.26%

*Investments are subject to market risks

Strength and Weakness of Huhtamaki India Ltd Stock

StrengthWeakness
  1. The company has higher reserves (618.25 cr) compared to borrowings (279.42 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (131.69 cr) and profit (89.08 cr) over the years.
  1. The stock has a low average ROCE of 14.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 41.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 42.33, which may not be favorable.

FAQ

What is the latest fair value of Huhtamaki India Ltd?

The latest fair value of Huhtamaki India Ltd is ₹465.26.

What is the Market Cap of Huhtamaki India Ltd?

The Market Cap of Huhtamaki India Ltd is 2,538 Cr..

What is the current Stock Price of Huhtamaki India Ltd as on 21 June 2024?

The current stock price of Huhtamaki India Ltd as on 21 June 2024 is ₹336.

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

In FY 2024, the High / Low of Huhtamaki India Ltd stocks is 371/244.

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

The Stock P/E of Huhtamaki India Ltd is 23.2.

What is the Book Value of Huhtamaki India Ltd?

The Book Value of Huhtamaki India Ltd is 152.

What is the Dividend Yield of Huhtamaki India Ltd?

The Dividend Yield of Huhtamaki India Ltd is 1.49 %.

What is the ROCE of Huhtamaki India Ltd?

The ROCE of Huhtamaki India Ltd is 12.5 %.

What is the ROE of Huhtamaki India Ltd?

The ROE of Huhtamaki India Ltd is 13.0 %.

What is the Face Value of Huhtamaki India Ltd?

The Face Value of Huhtamaki India 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 Huhtamaki India 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