Fundamental Analysis of Ruchira Papers Ltd

About the Company - Ruchira Papers Ltd

Ruchira Papers Ltd. is a Public Limited Listed company incorporated on 08/12/1980 and has its registered office in the State of Himachal Pradesh, India. Company’s Corporate Identification Number(CIN) is L21012HP1980PLC004336 and registration number is 004336. Currently Company is involved in the business activities of Manufacture of paper and paper products. Company’s Total Operating Revenue is Rs. 612.86 Cr. and Equity Capital is Rs. 25.20 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Paper & Paper Products	Trilokpur Road, Kala Amb, Sirmour District Himachal Pradesh 173030	investor@ruchirapapers.com http://www.ruchirapapers.com

Management
Name	Position Held
Mr. Jatinder Singh	Co-Chairman & WholeTime Director
Mr. Subhash Chander Garg	Chairman & Wholetime Director
Mr. Umesh Chander Garg	Managing Director
Mr. Vipin Gupta	Executive Director & CFO
Ms. Ruchica Garg Kumar	Director - Marketing
Mr. Deepan Garg	Director - Technical
Mr. Daljeet Singh Mandhan	Director - Commercial
Mr. Kapil Gupta	Independent Director
Mrs. Suhasini Yadav	Independent Director
Mr. Dalbir Singh	Independent Director
Mr. Surinder Kumar Gupta	Independent Director
Mr. Ranjit Singh Sidhu	Independent Director
Mr. Avtar Singh	Independent Director
Mr. Ashwani Kumar Agarwa	Independent Director

Basic Stock Data of Ruchira Papers Ltd

Last Updated: February 5, 2025, 8:23 pm

Market Cap	400 Cr.
Current Price	134
High / Low	164/91.1
Stock P/E	5.85
Book Value	138
Dividend Yield	3.76 %
ROCE	24.0 %
ROE	19.7 %
Face Value	10.0
PEG Ratio	0.42

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Gratex Industries Ltd	6.82 Cr.	22.5	28.4/16.5	114	11.6	0.00 %	4.54 %	3.18 %	10.0
Ganga Papers India Ltd	109 Cr.	101	155/86.6	70.3	27.6	0.00 %	6.93 %	5.22 %	10.0
Encode Packaging India Ltd	5.72 Cr.	18.2	18.7/10.3	81.8	10.4	0.00 %	3.24 %	3.65 %	10.0
Cella Space Ltd	26.6 Cr.	13.2	16.7/7.98	28.6	10.3	0.00 %	10.7 %	%	10.0
Bandaram Pharma Packtech Ltd	57.6 Cr.	48.0	63.1/28.3	35.1	11.0	0.21 %	9.10 %	6.77 %	10.0
Industry Average	854.00 Cr	107.38		38.81	123.79	0.76%	27.47%	12.39%	6.50

All Competitor Stocks of

Ruchira Papers Ltd Quarterly Results

Month	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales	99	117	141	126	148	148	191	199	221	202	181	169	170
Expenses	95	112	125	115	134	135	164	178	189	175	151	135	151
Operating Profit	4	5	17	11	14	13	26	20	31	28	30	34	19
OPM %	4%	5%	12%	9%	9%	9%	14%	10%	14%	14%	16%	20%	11%
Other Income	0	0	1	0	0	0	1	0	1	0	0	0	1
Interest	2	1	1	2	2	2	1	2	2	1	1	1	1
Depreciation	3	4	3	3	4	4	4	4	4	4	4	4	4
Profit before tax	-1	1	13	6	9	8	22	16	27	23	25	29	14
Tax %	44%	23%	23%	25%	25%	26%	26%	26%	25%	25%	25%	25%	25%
Net Profit	-1	0	10	5	7	6	16	12	20	17	19	22	11
EPS in Rs	-0.28	0.15	3.70	1.69	2.47	2.12	5.82	4.04	6.67	5.78	6.32	7.29	3.55

Last Updated: Unknown

Ruchira Papers Ltd Quarterly Chart

Ruchira Papers Ltd Profit & Loss

Last Updated: Unknown

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	283	296	318	345	361	416	447	494	481	415	613	803	678
Expenses	242	245	270	306	313	352	373	412	437	390	549	694	582
Operating Profit	40	51	49	39	47	64	74	82	44	25	64	109	96
OPM %	14%	17%	15%	11%	13%	15%	17%	17%	9%	6%	10%	14%	14%
Other Income	1	2	2	1	1	1	4	1	2	1	1	2	2
Interest	20	17	14	10	7	8	8	8	7	6	6	5	4
Depreciation	11	11	12	10	10	11	12	13	14	14	14	15	16
Profit before tax	11	25	25	20	32	46	58	62	25	6	45	91	78
Tax %	34%	33%	40%	37%	39%	30%	35%	36%	-9%	19%	26%	25%
Net Profit	8	16	15	13	19	32	38	40	27	5	33	68	58
EPS in Rs	3.07	6.66	6.19	5.19	7.88	13.16	15.39	15.07	10.25	1.87	11.95	22.66	19.58
Dividend Payout %	0%	14%	18%	23%	17%	16%	13%	14%	0%	49%	15%	22%

Ruchira Papers Ltd Profit & Loss Yearly Chart

Ruchira Papers Ltd Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	6%
3 Years:	17%
TTM:	-10%

Compounded Profit Growth
10 Years:	12%
5 Years:	4%
3 Years:	115%
TTM:	-28%

Stock Price CAGR
10 Years:	14%
5 Years:	11%
3 Years:	17%
1 Year:	-17%

Return on Equity
10 Years:	14%
5 Years:	12%
3 Years:	15%
Last Year:	12%

Last Updated: Unknown

Ruchira Papers Ltd Balance Sheet

Last Updated: Unknown

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	22	22	22	22	22	22	22	24	24	24	25	30	30
Reserves	48	61	74	83	98	130	169	220	240	246	281	351	382
Borrowings	124	106	93	71	73	61	88	75	68	76	66	42	29
Other Liabilities	53	61	67	70	74	87	86	92	69	68	87	86	87
Total Liabilities	248	251	256	247	267	300	366	411	401	414	460	508	528
Fixed Assets	162	156	152	148	173	178	228	231	234	235	251	296	291
CWIP	-0	0	-0	1	-0	3	3	3	5	30	27	4	6
Investments	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Other Assets	86	95	103	98	94	119	136	177	162	149	182	208	232
Total Assets	248	251	256	247	267	300	366	411	401	414	460	508	528

Ruchira Papers Ltd Reserves and Borrowings Chart

Ruchira Papers Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	43	31	38	40	33	47	23	38	34	35	62	41
Cash from Investing Activity +	-4	-6	-5	-32	-19	-59	-15	-18	-38	-26	-36	-26
Cash from Financing Activity +	-37	-27	-34	-9	-14	11	-8	-20	3	-9	-26	-16
Net Cash Flow	3	-1	-1	-0	0	-0	0	0	-1	-0	0	-0

Ruchira Papers Ltd Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	52	50	36	35	38	39	47	48	57	41	38	44
Inventory Days	68	74	71	64	76	92	102	86	92	78	56	82
Days Payable	36	36	34	24	27	25	22	20	27	21	10	11
Cash Conversion Cycle	84	88	73	75	88	105	126	114	122	99	83	114
Working Capital Days	50	53	46	43	61	65	83	88	91	81	71	102
ROCE %	22%	21%	17%	21%	27%	27%	24%	10%	4%	14%	24%	16%

Ruchira Papers Ltd Financial Efficiency Indicators Chart

Ruchira Papers Ltd Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	65.43%	65.43%	66.69%	67.88%	68.67%	68.67%	68.67%	68.67%	68.67%	68.67%	68.67%	67.46%
FIIs	0.63%	0.56%	0.32%	0.83%	0.86%	0.91%	0.68%	1.12%	0.87%	0.85%	0.86%	2.78%
Public	33.94%	34.01%	32.99%	31.29%	30.47%	30.41%	30.64%	30.19%	30.45%	30.48%	30.47%	29.76%
No. of Shareholders	19,907	20,841	20,832	28,225	29,001	27,847	27,273	28,046	27,564	28,613	30,430	29,790

Ruchira Papers Ltd Shareholding Pattern Chart

No. of Ruchira Papers Ltd Shareholders

This stock is not held by any mutual fund

Ruchira Papers Ltd ROCE Trend

Ruchira Papers Ltd EPS Trend

Ruchira Papers Ltd Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	22.66	13.13	2.06	11.29	17.43
Diluted EPS (Rs.)	22.66	12.89	2.06	11.29	17.43
Cash EPS (Rs.)	27.78	18.86	7.74	16.94	21.99
Book Value[Excl.RevalReserv]/Share (Rs.)	127.48	122.83	111.39	109.09	100.75
Book Value[Incl.RevalReserv]/Share (Rs.)	127.48	122.83	111.39	109.09	100.75
Dividend / Share (Rs.)	5.00	2.00	1.00	0.00	2.25
Revenue From Operations / Share (Rs.)	268.96	243.16	171.29	198.34	203.69
PBDIT / Share (Rs.)	37.17	25.82	10.63	18.80	34.64
PBIT / Share (Rs.)	32.06	20.09	4.94	13.15	29.24
PBT / Share (Rs.)	30.37	17.67	2.55	10.36	25.74
Net Profit / Share (Rs.)	22.66	13.13	2.06	11.29	16.59
PBDIT Margin (%)	13.82	10.61	6.20	9.48	17.00
PBIT Margin (%)	11.91	8.26	2.88	6.62	14.35
PBT Margin (%)	11.29	7.26	1.48	5.22	12.63
Net Profit Margin (%)	8.42	5.39	1.20	5.69	8.14
Return on Networth / Equity (%)	17.77	10.68	1.84	10.34	16.46
Return on Capital Employeed (%)	22.86	14.18	3.74	10.45	23.59
Return On Assets (%)	13.30	7.19	1.20	6.82	9.78
Long Term Debt / Equity (X)	0.00	0.03	0.05	0.02	0.05
Total Debt / Equity (X)	0.11	0.18	0.23	0.22	0.24
Asset Turnover Ratio (%)	1.66	1.40	1.02	1.18	1.27
Current Ratio (X)	2.31	1.77	1.58	1.68	1.60
Quick Ratio (X)	1.34	0.85	0.80	0.87	0.84
Inventory Turnover Ratio (X)	6.29	5.37	3.80	4.00	4.08
Dividend Payout Ratio (NP) (%)	8.02	7.32	0.00	19.93	12.53
Dividend Payout Ratio (CP) (%)	6.54	5.10	0.00	13.27	9.46
Earning Retention Ratio (%)	91.98	92.68	0.00	80.07	87.47
Cash Earning Retention Ratio (%)	93.46	94.90	0.00	86.73	90.54
Interest Coverage Ratio (X)	22.08	10.68	4.44	6.65	10.37
Interest Coverage Ratio (Post Tax) (X)	14.46	6.43	1.86	4.97	6.02
Enterprise Value (Cr.)	320.26	345.49	216.15	139.45	314.54
EV / Net Operating Revenue (X)	0.39	0.56	0.52	0.28	0.63
EV / EBITDA (X)	2.89	5.31	8.39	3.06	3.74
MarketCap / Net Operating Revenue (X)	0.34	0.47	0.36	0.17	0.51
Retention Ratios (%)	91.97	92.67	0.00	80.06	87.46
Price / BV (X)	0.73	0.93	0.56	0.31	1.05
Price / Net Operating Revenue (X)	0.34	0.47	0.36	0.17	0.51
EarningsYield	0.24	0.11	0.03	0.33	0.15

Ruchira Papers Ltd Profitability Ratios (%)

Ruchira Papers Ltd Liquidity Ratios

Ruchira Papers Ltd Liquidity Ratios (%)

Ruchira Papers Ltd Interest Coverage Ratios (X)

Ruchira Papers Ltd Valuation Ratios

Fair Value

Fair Value of as of February 5, 2025 is: ₹132.01

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.

As of February 5, 2025, is Overvalued by 1.49% compared to the current share price ₹134.00

Intrinsic Value of as of February 5, 2025 is: ₹150.25

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 5, 2025, is Undervalued by 12.13% compared to the current share price ₹134.00

Last 5 Year EPS CAGR: 13.82%

*Investments are subject to market risks

Strength and Weakness of Ruchira Papers Ltd

Strength	Weakness
The stock has a high average ROCE of 18.92%, which is a positive sign. The company has higher reserves (183.31 cr) compared to borrowings (74.77 cr), indicating strong financial stability. The company has shown consistent growth in sales (457.69 cr) and profit (40.31 cr) over the years.	The stock has a high average Working Capital Days of 69.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 97.58, which may not be favorable.

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 :
1. Net Profit Margin: 8.42%
  - 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: 22.86% (Industry Average ROCE: 27.47%)
  - 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%: 17.77% (Industry Average ROE: 12.39%)
  - 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): 14.46
  - 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: 1.34
  - 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: 5.85 (Industry average Stock P/E: 38.81)
  - 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: 0.11
  - 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: