Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Orient Paper & Industries Ltd

About the Company - Orient Paper & Industries Ltd

Orient Paper & Industries Ltd. is a Public Limited Listed company incorporated on 25/07/1936 and has its registered office in the State of Orissa, India. Company’s Corporate Identification Number(CIN) is L21011OR1936PLC000117 and registration number is 000117. Currently Company is involved in the business activities of Manufacture of pulp, paper and paperboard. Company’s Total Operating Revenue is Rs. 585.65 Cr. and Equity Capital is Rs. 21.22 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Paper & Paper ProductsUNIT-VIII, Plot No.7, Bhubaneshwar Orissa 751012info@orientpaperindia.com
http://www.orientpaperindia.com
Management
NamePosition Held
Mr. Chandra Kant BirlaChairman
Mr. Ashwin J LaddhaManaging Director & CEO
Ms. Gauri RasgotraIndependent Director
Mr. Srinivasan VishvanathanIndependent Director
Mr. Ashwin BishnoiIndependent Director
Mr. Raj Kumar AgrawalIndependent Director

Orient Paper & Industries Ltd. Share Price Update

Share PriceValue
Today₹53.39
Previous Day₹53.11

Basic Stock Data of Orient Paper & Industries Ltd

Market Cap 1,070 Cr.
Current Price 50.4
High / Low59.8/34.4
Stock P/E17.1
Book Value 75.2
Dividend Yield1.98 %
ROCE8.09 %
ROE5.84 %
Face Value 1.00

Data Source: screener.in

Competitors of Orient Paper & Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
JK Paper Ltd 6,401 Cr. 378452/3065.68 2722.12 %28.5 %34.0 % 10.0
Pudumjee Paper Products Ltd 654 Cr. 68.984.0/34.09.13 44.50.72 %18.4 %15.4 % 1.00
Satia Industries Ltd 1,234 Cr. 123155/1015.63 85.30.82 %20.3 %30.0 % 1.00
Balkrishna Paper Mills Ltd 42.0 Cr. 39.156.6/23.0 1760.00 %44.5 %% 10.0
Genus Paper & Boards Ltd 568 Cr. 22.128.5/12.2202 18.80.00 %1.00 %2.48 % 1.00
Industry Average1,779.80 Cr126.2244.49119.320.73%22.54%16.38%4.60

Orient Paper & Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales9011815591140164191211220253258243143
Expenses106125149100153163186201205184190189154
Operating Profit-16-75-9-13151015696854-11
OPM %-18%-6%3%-10%-10%1%2%5%7%27%26%22%-8%
Other Income314141326119116
Interest2221111122657
Depreciation8888888888101010
Profit before tax-23-16-1-17-19-7-1312617250-23
Tax %36%34%-500%33%38%50%-120%35%35%35%30%35%30%
Net Profit-15-11-4-11-12-4-228405032-16
EPS in Rs-0.69-0.50-0.18-0.54-0.55-0.17-0.100.110.361.862.351.52-0.77

Orient Paper & Industries Ltd Quarterly Chart

Orient Paper & Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,4901,2681,5751,6671,819511661710607443586943898
Expenses2,0631,2751,5291,6401,719510549572559477602781718
Operating Profit427-7462799111213848-33-17162180
OPM %17%-1%3%2%5%0%17%19%8%-8%-3%17%20%
Other Income2217391917771134121092936
Interest42193744512115105751020
Depreciation88374744442528323332313338
Profit before tax318-451-4221338013021-63-44148159
Tax %33%29%-190%32%2%-16%38%22%5%26%34%33%
Net Profit212-324-2921384910220-47-2999105
EPS in Rs10.00-1.520.20-1.350.991.792.324.790.94-2.19-1.364.684.96
Dividend Payout %19%-6%48%-7%24%56%43%23%53%-11%-18%21%

Orient Paper & Industries Ltd Profit & Loss Yearly Chart

Orient Paper & Industries Ltd Growth

Compounded Sales Growth
10 Years:-3%
5 Years:7%
3 Years:16%
TTM:-3%
Compounded Profit Growth
10 Years:17%
5 Years:13%
3 Years:65%
TTM:33%
Stock Price CAGR
10 Years:27%
5 Years:8%
3 Years:24%
1 Year:32%
Return on Equity
10 Years:2%
5 Years:2%
3 Years:0%
Last Year:6%

Orient Paper & Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital20202020202121212121212121
Reserves1,0984184123793941,1891,2961,3641,2411,4471,5321,4941,575
Borrowings51030533738044318690283688210274330
Other Liabilities602362448444442407401392396404410415439
Total Liabilities2,2301,1061,2181,2231,2991,8031,8091,8051,6951,9602,1732,2042,366
Fixed Assets1,2325485185154931,2801,3541,3311,3231,3111,2891,4961,485
CWIP17362319861118535418171169
Investments8799919238297289148436538390476
Other Assets737544688697769199148168171159164248236
Total Assets2,2301,1061,2181,2231,2991,8031,8091,8051,6951,9602,1732,2042,366

Orient Paper & Industries Ltd Reserves and Borrowings Chart

Orient Paper & Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 282-20383676361269968-20-2462
Cash from Investing Activity -247-20-24-30-45-78151-47-7-87-98
Cash from Financing Activity -426-7-41-7-146-100-213510435
Net Cash Flow-7-347231-49-5-108-8-1

Orient Paper & Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days51959879771720151619147
Inventory Days8462608477179117138146185100167
Days Payable951111131129419013315318623813695
Cash Conversion Cycle4046455260740-24-33-2180
Working Capital Days2260534948-7-212-10-23-1322
ROCE %24%-2%5%0%9%2%7%8%2%-4%-2%8%

Orient Paper & Industries Ltd Financial Efficiency Indicators Chart

Orient Paper & Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters38.74%38.74%38.74%38.74%38.74%38.74%38.74%38.73%38.73%38.73%38.73%38.73%
FIIs0.04%0.04%0.07%0.12%0.56%0.79%0.86%1.02%1.39%0.95%0.94%1.83%
DIIs12.30%12.07%11.56%11.35%10.58%10.58%9.40%7.48%9.38%8.59%8.59%7.77%
Public48.92%49.16%49.64%49.79%50.12%49.89%51.00%52.76%50.49%51.73%51.72%51.66%
No. of Shareholders59,75660,63663,70073,67071,27970,53271,57873,56584,47279,97983,15194,035

Orient Paper & Industries Ltd Shareholding Pattern Chart

No. of Orient Paper & Industries Ltd Shareholders

Orient Paper & Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HSBC Small Cap Fund - Regular Plan61408570.1924.87
Quant Small Cap Fund37734840.1415.28

Orient Paper & Industries Ltd ROCE Trend

Orient Paper & Industries Ltd EPS Trend

Orient Paper & Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)4.68-1.36-2.190.944.79
Diluted EPS (Rs.)4.68-1.36-2.190.944.79
Cash EPS (Rs.)6.230.10-0.662.506.28
Book Value[Excl.RevalReserv]/Share (Rs.)71.4273.1869.1859.5165.28
Book Value[Incl.RevalReserv]/Share (Rs.)71.4273.1869.1859.5165.28
Dividend / Share (Rs.)1.000.250.250.501.10
Revenue From Operations / Share (Rs.)44.4427.6020.8928.5933.46
PBDIT / Share (Rs.)9.01-0.36-1.122.808.09
PBIT / Share (Rs.)7.45-1.83-2.651.236.60
PBT / Share (Rs.)6.96-2.07-2.960.986.13
Net Profit / Share (Rs.)4.68-1.36-2.190.934.79
PBDIT Margin (%)20.26-1.32-5.369.7824.17
PBIT Margin (%)16.76-6.64-12.664.3119.72
PBT Margin (%)15.65-7.49-14.153.4518.31
Net Profit Margin (%)10.52-4.93-10.493.2814.31
Return on Networth / Equity (%)6.54-1.85-3.171.577.33
Return on Capital Employeed (%)8.17-2.06-3.151.728.45
Return On Assets (%)4.50-1.32-2.371.175.63
Long Term Debt / Equity (X)0.090.040.030.000.01
Total Debt / Equity (X)0.170.130.050.010.01
Asset Turnover Ratio (%)0.430.280.240.340.39
Current Ratio (X)0.760.460.720.790.98
Quick Ratio (X)0.260.220.330.360.46
Inventory Turnover Ratio (X)5.602.501.892.532.82
Dividend Payout Ratio (NP) (%)5.34-18.36-22.7963.8822.96
Dividend Payout Ratio (CP) (%)4.00228.13-74.9423.9817.51
Earning Retention Ratio (%)94.66118.36122.7936.1277.04
Cash Earning Retention Ratio (%)96.00-128.13174.9476.0282.49
Interest Coverage Ratio (X)18.38-1.55-3.6011.3417.21
Interest Coverage Ratio (Post Tax) (X)10.55-4.80-6.054.8111.19
Enterprise Value (Cr.)1058.03928.48587.27329.71761.35
EV / Net Operating Revenue (X)1.121.591.320.541.07
EV / EBITDA (X)5.54-120.06-24.705.564.44
MarketCap / Net Operating Revenue (X)0.841.251.170.511.05
Retention Ratios (%)94.65118.36122.7936.1177.03
Price / BV (X)0.520.470.350.240.53
Price / Net Operating Revenue (X)0.841.251.170.511.05
EarningsYield0.12-0.03-0.080.060.13

Orient Paper & Industries Ltd Profitability Ratios (%)

Orient Paper & Industries Ltd Liquidity Ratios

Orient Paper & Industries Ltd Liquidity Ratios (%)

Orient Paper & Industries Ltd Interest Coverage Ratios (%)

Orient Paper & Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Orient Paper & Industries Ltd

Fair Value: ₹76.58

The stock is undervalued by 51.95% compared to the current price ₹50.4

*Investments are subject to market risks

Strength and Weakness of Orient Paper & Industries Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 15.17, which is a positive sign.
  2. The company has higher reserves (1,064.54 cr) compared to borrowings (247.46 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (412.69 cr) and profit (55.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 3.68 and average Dividend Yield of 4.30%.
  2. The stock has a low average ROCE of 4.75%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 21.33, which may not be favorable.

Should I Buy Orient Paper & Industries Ltd?

  • Considering various financial indicators, investors might exercise caution regarding investment in Orient Paper & Industries Ltd:
    1. Net Profit Margin: 10.52%
      • 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: 8.17% (Industry Average ROCE: 23.01%)
      • 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. Interest Coverage Ratio (Post Tax): 10.55
      • 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.
    4. Quick Ratio: 0.26
      • 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.
    5. ✗ Stock P/E: 18.1 (Industry average Stock P/E: 4.13)
      • 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.
    6. ✓ Total Debt / Equity: 0.17
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Orient Paper & 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