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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of NR Agarwal Industries Ltd

About the Company - NR Agarwal Industries Ltd

N R Agarwal Industries Ltd. is a Public Limited Listed company incorporated on 08/12/1993 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L22210MH1993PLC133365 and registration number is 133365. Currently Company is involved in the business activities of Manufacture of pulp, paper and paperboard. Company’s Total Operating Revenue is Rs. 1616.51 Cr. and Equity Capital is Rs. 17.02 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Paper & Paper Products502-A/501-B, Fortune Terraces, 5th Floor, Mumbai Maharashtra 400053investors@nrail.com
http://www.nrail.com
Management
NamePosition Held
Mr. R N AgarwalChairman & Managing Director
Mr. Raunak AgarwalExecutive Director
Mrs. Reena AgarwalExecutive Director
Mr. Rohan AgarwalExecutive Director
Mr. P KumarIndependent Director
Mr. C R RadhakrishnanIndependent Director
Mrs. Sunita NairIndependent Director
Mr. R K BakshiIndependent Director
Mr. S N ChaturvediIndependent Director
Mr. P K MundraExecutive Director & CFO

N R Agarwal Industries Ltd. Share Price Update

Share PriceValue
Today₹457.65
Previous Day₹473.35

Basic Stock Data of NR Agarwal Industries Ltd

Market Cap 776 Cr.
Current Price 456
High / Low538/196
Stock P/E5.99
Book Value 420
Dividend Yield0.00 %
ROCE21.6 %
ROE17.1 %
Face Value 10.0

Data Source: screener.in

Competitors of NR Agarwal Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Balkrishna Paper Mills Ltd 42.4 Cr. 39.456.6/23.0 1760.00 %44.5 %% 10.0
Seshasayee Paper & Boards Ltd (SESHAPAPER) 2,144 Cr. 340422/2206.46 2811.73 %36.5 %27.4 % 2.00
Ballarpur Industries Ltd 110 Cr. 0.850.95/0.55 0.510.00 %33.7 %1,411 % 2.00
Ruchira Papers Ltd 400 Cr. 134164/91.15.85 1383.76 %24.0 %19.7 % 10.0
Star Paper Mills Ltd 393 Cr. 252288/1425.59 3981.34 %16.8 %13.1 % 10.0
Industry Average189.48 Cr153.253.58198.71.37%31.1%12.24%6.8

NR Agarwal Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales272328343392383395446495504380386369342
Expenses234293320343359368403436450344351322294
Operating Profit38352349232843605437354748
OPM %14%11%7%13%6%7%10%12%11%10%9%13%14%
Other Income1234322532232
Interest9776765443321
Depreciation8889997999999
Profit before tax22221137101433524427253939
Tax %25%29%17%31%37%33%42%37%38%27%21%-5%3%
Net Profit171692661019332719204138
EPS in Rs9.729.115.5515.273.795.6111.1919.2116.1211.3311.6823.8322.22

NR Agarwal Industries Ltd Quarterly Chart

NR Agarwal Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4935125417258831,0441,1901,3181,4051,1461,6171,7661,477
Expenses4604915226958189051,0331,1331,1891,0131,4731,5801,311
Operating Profit3321193066139157186216133144186166
OPM %7%4%3%4%7%13%13%14%15%12%9%11%11%
Other Income4446866712810119
Interest10101236464340353630251410
Depreciation991018232426273233343636
Profit before tax1851-17478971311617895148130
Tax %20%13%35%-95%-335%36%7%28%27%26%36%33%
Net Profit1450-3318509095117576199118
EPS in Rs8.282.700.26-19.6410.4829.2253.0255.6168.6033.6335.8558.3569.06
Dividend Payout %14%0%0%0%0%7%6%7%0%3%0%0%

NR Agarwal Industries Ltd Profit & Loss Yearly Chart

NR Agarwal Industries Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:8%
3 Years:8%
TTM:-22%
Compounded Profit Growth
10 Years:36%
5 Years:2%
3 Years:-5%
TTM:32%
Stock Price CAGR
10 Years:37%
5 Years:9%
3 Years:30%
1 Year:83%
Return on Equity
10 Years:20%
5 Years:20%
3 Years:14%
Last Year:17%

NR Agarwal Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17171717171717171717171717
Reserves8993945977116202295402459519619697
Borrowings212221302365347300289297202195175164392
Other Liabilities121132147222226226195196245261290241258
Total Liabilities4384635606636676597038058659331,0011,0411,364
Fixed Assets117124127458447436464526572584501483486
CWIP198203290424252121202928122475
Investments0000010000011
Other Assets123135143200195197218257273320471435403
Total Assets4384635606636676597038058659331,0011,0411,364

NR Agarwal Industries Ltd Reserves and Borrowings Chart

NR Agarwal Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 66203863389110411219111696129
Cash from Investing Activity -75-20-98-63-31-14-47-85-52-48-41-96
Cash from Financing Activity 5-1576-11-78-55-29-139-67-55-25
Net Cash Flow-4-1-37-5-13-2-02-08

NR Agarwal Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days414138423333343331393829
Inventory Days393535494437365047795644
Days Payable95113102905333233139775632
Cash Conversion Cycle-15-37-2912437475139423840
Working Capital Days-13-4-341825262726413330
ROCE %9%5%3%4%11%28%29%30%32%17%17%22%

NR Agarwal Industries Ltd Financial Efficiency Indicators Chart

NR Agarwal Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters73.55%73.55%73.55%73.55%73.55%73.55%73.55%73.55%73.55%73.55%73.96%73.97%
FIIs0.43%0.43%0.43%0.63%0.73%0.64%0.54%0.45%0.41%0.41%0.36%0.21%
DIIs0.25%0.01%0.01%0.01%0.01%0.01%0.02%0.01%0.01%0.01%0.17%0.01%
Public25.78%26.01%26.01%25.81%25.71%25.80%25.90%25.98%26.03%26.03%25.51%25.81%
No. of Shareholders9,2749,16710,65911,30311,27611,14811,09311,78211,30411,07710,85910,562

NR Agarwal Industries Ltd Shareholding Pattern Chart

No. of NR Agarwal Industries Ltd Shareholders

This stock is not held by any mutual fund

NR Agarwal Industries Ltd ROCE Trend

NR Agarwal Industries Ltd EPS Trend

NR Agarwal Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)58.3535.8533.6368.6055.61
Diluted EPS (Rs.)58.3535.8533.6368.6055.61
Cash EPS (Rs.)79.3956.0753.0387.1171.74
Book Value[Excl.RevalReserv]/Share (Rs.)373.48314.97279.98246.07183.53
Book Value[Incl.RevalReserv]/Share (Rs.)373.48314.97279.98246.07183.53
Dividend / Share (Rs.)0.000.001.000.004.00
Revenue From Operations / Share (Rs.)1037.70949.82673.15825.50774.53
PBDIT / Share (Rs.)115.9590.6382.81134.17113.22
PBIT / Share (Rs.)94.9170.4163.41115.6597.09
PBT / Share (Rs.)86.8155.5945.6194.5776.79
Net Profit / Share (Rs.)58.3535.8533.6368.6055.61
PBDIT Margin (%)11.179.5412.3016.2514.61
PBIT Margin (%)9.147.419.4214.0012.53
PBT Margin (%)8.365.856.7711.459.91
Net Profit Margin (%)5.623.774.998.307.17
Return on Networth / Equity (%)15.6211.3812.0127.8730.30
Return on Capital Employeed (%)18.1217.6417.0929.4728.68
Return On Assets (%)9.546.096.1313.4911.75
Long Term Debt / Equity (X)0.200.060.090.310.51
Total Debt / Equity (X)0.210.260.230.410.77
Asset Turnover Ratio (%)1.731.671.271.681.75
Current Ratio (X)2.261.431.031.321.10
Quick Ratio (X)1.400.940.570.800.64
Inventory Turnover Ratio (X)7.786.815.447.838.92
Dividend Payout Ratio (NP) (%)0.000.000.005.831.44
Dividend Payout Ratio (CP) (%)0.000.000.004.591.12
Earning Retention Ratio (%)0.000.000.0094.1798.56
Cash Earning Retention Ratio (%)0.000.000.0095.4198.88
Interest Coverage Ratio (X)14.316.114.656.365.58
Interest Coverage Ratio (Post Tax) (X)8.203.422.894.253.74
Enterprise Value (Cr.)433.82587.67508.71416.36767.48
EV / Net Operating Revenue (X)0.240.360.440.290.58
EV / EBITDA (X)2.203.813.611.823.98
MarketCap / Net Operating Revenue (X)0.190.270.350.170.40
Retention Ratios (%)0.000.000.0094.1698.55
Price / BV (X)0.540.840.840.591.70
Price / Net Operating Revenue (X)0.190.270.350.170.40
EarningsYield0.280.130.140.460.17

NR Agarwal Industries Ltd Profitability Ratios (%)

NR Agarwal Industries Ltd Liquidity Ratios

NR Agarwal Industries Ltd Liquidity Ratios (%)

NR Agarwal Industries Ltd Interest Coverage Ratios (%)

NR Agarwal Industries Ltd Valuation Ratios

Fair Value of NR Agarwal Industries Ltd Stock

Fair Value: ₹438.81

The stock is overvalued by 3.77% compared to the current price ₹456

*Investments are subject to market risks

Strength and Weakness of NR Agarwal Industries Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.25%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 17.50, which is a positive sign.
  3. The company has higher reserves (286.23 cr) compared to borrowings (266.23 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (243.23 cr) and profit (71.46 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 107.36 and average Dividend Yield of 10.50%.
  2. The stock has a high average Cash Conversion Cycle of 19.83, which may not be favorable.

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 NR Agarwal 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