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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Pudumjee Paper Products Ltd

Basic Stock Data

Last Updated: May 30, 2024, 6:05 am

Market Cap 867 Cr.
Current Price 91.3
High / Low98.5/34.0
Stock P/E12.1
Book Value 44.5
Dividend Yield0.55 %
ROCE18.4 %
ROE15.4 %
Face Value 1.00
PEG Ratio0.57

Competitors of Pudumjee Paper Products Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Cella Space Ltd 26.6 Cr. 13.214.0/7.6928.6 10.30.00 %10.7 %% 10.0
Shreyans Industries Ltd 325 Cr. 235318/1653.72 2771.06 %31.3 %25.5 % 10.0
Ruchira Papers Ltd 400 Cr. 134164/91.15.85 1383.76 %24.0 %19.7 % 10.0
West Coast Paper Mills Ltd 4,178 Cr. 632815/4654.86 4481.57 %52.9 %44.8 % 2.00
Emami Paper Mills Ltd 663 Cr. 110150/10714.5 1191.46 %10.4 %16.0 % 2.00
Industry Average1,118.52 Cr224.8411.51198.461.57%25.86%21.20%6.80

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales129148106131141177184211182183181195204
Expenses10312286115125158158185163167163169160
Operating Profit26262015161826261916182644
OPM %20%17%19%12%12%10%14%12%11%9%10%13%22%
Other Income-233211-122322233
Interest2221111111221
Depreciation3233333333333
Profit before tax-124181313224241714152443
Tax %45%13%22%27%27%23%25%25%26%26%25%25%26%
Net Profit-1211499218181311111832
EPS in Rs-0.082.241.460.990.980.201.871.911.341.131.181.863.36

Last Updated: May 11, 2024, 1:41 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 5:59 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales0469514499590604437555759762
Expenses0442465457552549369485672659
Operating Profit02749423856687087103
OPM %6%10%8%6%9%16%13%11%14%
Other Income08-1335-16-8810
Interest017109886545
Depreciation057771210111112
Profit before tax0133130264135468096
Tax %50%20%35%36%35%34%13%25%25%
Net Profit0102119172730355971
EPS in Rs0.201.072.172.021.762.873.163.646.267.53
Dividend Payout %0%9%7%7%9%7%9%14%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)110.00%-9.52%-10.53%58.82%11.11%16.67%68.57%
Change in YoY Net Profit Growth (%)0.00%-119.52%-1.00%69.35%-47.71%5.56%51.90%

Growth

Compounded Sales Growth
10 Years:%
5 Years:9%
3 Years:8%
TTM:1%
Compounded Profit Growth
10 Years:%
5 Years:21%
3 Years:28%
TTM:19%
Stock Price CAGR
10 Years:%
5 Years:31%
3 Years:44%
1 Year:71%
Return on Equity
10 Years:%
5 Years:13%
3 Years:15%
Last Year:15%

Last Updated: April 13, 2024, 10:22 am

Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0101010101010101010
Reserves1195215233249270301333387413
Borrowings01147264837458775447
Other Liabilities0111109137143162179178174185
Total Liabilities1430406444484516548597626655
Fixed Assets0172190214216230227211204275
CWIP0674832422929929420
Investments00252024531077052115
Other Assets1191143179202203185224276245
Total Assets1430406444484516548597626655

Reserves and Borrowings Chart

Pudumjee Paper Products Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -11582241452861716
Cash from Investing Activity 03-33-9-21-31-50-2818
Cash from Financing Activity 1-14-47-187-21-329-31
Net Cash Flow042-3-004-24

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow0.00-87.00-23.00-22.00-45.00-18.0010.00-7.0033.00

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

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days4642464232494931
Inventory Days1487199108120161188163
Days Payable116711109410716412565
Cash Conversion Cycle774135554545112128
Working Capital Days573053731457479
ROCE %18%15%14%10%14%18%16%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters71.20%71.21%71.21%71.00%71.05%71.05%71.05%71.31%71.31%71.31%71.31%71.31%
FIIs0.00%0.40%0.48%0.43%0.40%0.45%0.39%0.46%0.42%0.65%0.43%0.43%
DIIs0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%
Public28.80%28.38%28.30%28.57%28.55%28.49%28.56%28.24%28.26%28.05%28.24%28.27%
No. of Shareholders21,84728,21831,12638,43840,49739,29338,96637,76537,72738,58237,16539,970

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)6.263.643.162.871.76
Diluted EPS (Rs.)6.263.643.162.881.76
Cash EPS (Rs.)7.454.814.264.152.53
Book Value[Excl.RevalReserv]/Share (Rs.)41.8136.0932.7029.4827.18
Book Value[Incl.RevalReserv]/Share (Rs.)41.8136.0932.7029.4827.18
Dividend / Share (Rs.)0.500.500.300.200.15
Revenue From Operations / Share (Rs.)79.9058.4846.0163.6662.09
PBDIT / Share (Rs.)9.987.988.016.424.30
PBIT / Share (Rs.)8.796.806.915.133.54
PBT / Share (Rs.)8.394.843.654.322.70
Net Profit / Share (Rs.)6.263.643.162.871.76
PBDIT Margin (%)12.4913.6417.3910.076.92
PBIT Margin (%)11.0011.6315.008.065.69
PBT Margin (%)10.508.287.946.794.34
Net Profit Margin (%)7.826.216.874.502.83
Return on Networth / Equity (%)14.9610.079.679.726.48
Return on Capital Employeed (%)16.0413.5215.9512.859.23
Return On Assets (%)9.485.785.485.273.45
Long Term Debt / Equity (X)0.100.150.050.150.26
Total Debt / Equity (X)0.120.200.050.190.27
Asset Turnover Ratio (%)1.240.960.821.211.27
Current Ratio (X)2.832.211.971.731.73
Quick Ratio (X)1.251.191.381.060.94
Inventory Turnover Ratio (X)3.122.982.383.704.27
Dividend Payout Ratio (NP) (%)7.998.240.0012.218.50
Dividend Payout Ratio (CP) (%)6.716.230.008.435.93
Earning Retention Ratio (%)92.0191.760.0087.7991.50
Cash Earning Retention Ratio (%)93.2993.770.0091.5794.07
Interest Coverage Ratio (X)24.7915.3511.927.925.13
Interest Coverage Ratio (Post Tax) (X)16.5310.779.554.543.10
Enterprise Value (Cr.)385.81429.05235.11147.38233.99
EV / Net Operating Revenue (X)0.500.770.530.240.39
EV / EBITDA (X)4.075.663.092.425.73
MarketCap / Net Operating Revenue (X)0.460.660.520.160.28
Retention Ratios (%)92.0091.750.0087.7891.49
Price / BV (X)0.881.080.730.360.65
Price / Net Operating Revenue (X)0.460.660.520.160.28
EarningsYield0.160.090.130.260.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹83.38

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.

Overvalued: 8.68% compared to the current price ₹91.3

Intrinsic Value: ₹101.12

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: 10.75% compared to the current price ₹91.3

Last 5 Year EPS CAGR: 21.28%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (259.70 cr) compared to borrowings (64.30 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (518.90 cr) and profit (39.80 cr) over the years.
  1. The stock has a low average ROCE of 13.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 39.78, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 59.78, 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 Pudumjee Paper Products Ltd:
    1. Net Profit Margin: 7.82%
      • 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: 16.04% (Industry Average ROCE: 25.86%)
      • 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%: 14.96% (Industry Average ROE: 21.2%)
      • 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): 16.53
      • 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: 1.25
      • 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: 12.1 (Industry average Stock P/E: 11.51)
      • 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: 0.12
      • 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

Pudumjee Paper Products Ltd. is a Public Limited Listed company incorporated on 14/01/2015 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L21098PN2015PLC153717 and registration number is 153717. Currently Company is involved in the business activities of Manufacture of pulp, paper and paperboard. Company’s Total Operating Revenue is Rs. 555.26 Cr. and Equity Capital is Rs. 9.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Paper & Paper ProductsThergaon, Pune Maharashtra 411033investors.relations@pudumjee.com
http://www.pudumjee.com
Management
NamePosition Held
Mr. A K JatiaExecutive Chairman
Dr. Ashok KumarExecutive Director
Mr. S K BansalDirector
Mr. V K BeswalDirector
Mr. Nandan DamaniDirector
Mrs. Madhu DubhashiDirector
Mr. B K KhaitanDirector
Mr. V P LeekhaDirector

FAQ

What is the latest fair value of Pudumjee Paper Products Ltd?

The latest fair value of Pudumjee Paper Products Ltd is ₹83.38.

What is the Market Cap of Pudumjee Paper Products Ltd?

The Market Cap of Pudumjee Paper Products Ltd is 867 Cr..

What is the current Stock Price of Pudumjee Paper Products Ltd as on 30 May 2024?

The current stock price of Pudumjee Paper Products Ltd as on 30 May 2024 is ₹91.3.

What is the High / Low of Pudumjee Paper Products Ltd stocks in FY 2024?

In FY 2024, the High / Low of Pudumjee Paper Products Ltd stocks is 98.5/34.0.

What is the Stock P/E of Pudumjee Paper Products Ltd?

The Stock P/E of Pudumjee Paper Products Ltd is 12.1.

What is the Book Value of Pudumjee Paper Products Ltd?

The Book Value of Pudumjee Paper Products Ltd is 44.5.

What is the Dividend Yield of Pudumjee Paper Products Ltd?

The Dividend Yield of Pudumjee Paper Products Ltd is 0.55 %.

What is the ROCE of Pudumjee Paper Products Ltd?

The ROCE of Pudumjee Paper Products Ltd is 18.4 %.

What is the ROE of Pudumjee Paper Products Ltd?

The ROE of Pudumjee Paper Products Ltd is 15.4 %.

What is the Face Value of Pudumjee Paper Products Ltd?

The Face Value of Pudumjee Paper Products Ltd is 1.00.

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 Pudumjee Paper Products 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