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Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: | NSE:

Fundamental Analysis of Worth Peripherals Ltd

Basic Stock Data

Last Updated: July 18, 2024, 10:26 pm

Market Cap 188 Cr.
Current Price 120
High / Low137/96.5
Stock P/E11.8
Book Value 101
Dividend Yield0.84 %
ROCE13.8 %
ROE10.5 %
Face Value 10.0
PEG Ratio16.64

Data Source: screener.in

Competitors of Worth Peripherals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bilcare Ltd 128 Cr. 54.495.4/54.0 2110.00 %1.22 %5.73 % 10.0
VIP Industries Ltd 6,704 Cr. 473723/428194 47.80.95 %8.48 %5.25 % 2.00
Manaksia Ltd 648 Cr. 98.7156/91.16.65 84.06.08 %16.1 %11.6 % 2.00
SMVD Poly Pack Ltd 13.0 Cr. 13.016.6/7.60 30.40.00 %7.64 %24.3 % 10.0
Bisil Plast Ltd 11.5 Cr. 2.133.63/1.4357.5 0.190.00 %21.4 %21.4 % 1.00
Industry Average1,768.35 Cr360.7634.29185.520.51%13.35%78.54%7.11

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales62.4965.5974.6976.1076.3882.9678.9368.0767.5358.9160.7459.5059.31
Expenses56.6457.2667.2770.5368.4574.2270.5658.8659.7653.4256.0654.3153.32
Operating Profit5.858.337.425.577.938.748.379.217.775.494.685.195.99
OPM %9.36%12.70%9.93%7.32%10.38%10.54%10.60%13.53%11.51%9.32%7.70%8.72%10.10%
Other Income0.320.240.435.840.310.440.320.480.851.780.921.144.60
Interest-0.350.72-0.090.020.400.300.310.330.310.390.590.510.19
Depreciation1.481.551.651.591.481.491.471.541.691.521.551.791.29
Profit before tax5.046.306.299.806.367.396.917.826.625.363.464.039.11
Tax %30.16%30.16%26.87%25.41%29.25%27.20%28.08%27.75%29.76%29.29%19.36%28.78%24.70%
Net Profit3.524.404.617.314.505.404.965.664.643.792.782.886.87
EPS in Rs2.002.432.554.602.583.032.703.142.602.251.731.924.18

Last Updated: July 16, 2024, 11:20 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 8:30 pm

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales138158193175217293297238
Expenses122136167151189264263217
Operating Profit1622262428293421
OPM %11%14%13%14%13%10%12%9%
Other Income63146728
Interest32222112
Depreciation44566666
Profit before tax1519202026292922
Tax %29%61%26%23%30%28%28%26%
Net Profit117151518212116
EPS in Rs9.304.708.249.7310.1512.1511.4710.08
Dividend Payout %0%0%18%23%20%8%9%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-36.36%114.29%0.00%20.00%16.67%0.00%-23.81%
Change in YoY Net Profit Growth (%)0.00%150.65%-114.29%20.00%-3.33%-16.67%-23.81%

Growth

Compounded Sales Growth
10 Years:%
5 Years:4%
3 Years:3%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:4%
3 Years:7%
TTM:-12%
Stock Price CAGR
10 Years:%
5 Years:20%
3 Years:4%
1 Year:20%
Return on Equity
10 Years:%
5 Years:14%
3 Years:13%
Last Year:11%

Last Updated: July 17, 2024, 4:59 pm

Balance Sheet

Last Updated: July 10, 2024, 8:30 pm

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital1216161616161616
Reserves3050637691110128143
Borrowings24151021211949
Other Liabilities1419272731383638
Total Liabilities79100115139159183183207
Fixed Assets4952568379767991
CWIP00000111
Investments00000000
Other Assets3047595679107103115
Total Assets79100115139159183183207

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 108161713163413
Cash from Investing Activity -6-75-37-7-9-23-18
Cash from Financing Activity -511-99-2-3-175
Net Cash Flow-11212-1143-6-0

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-8.007.0016.003.007.0010.0030.0012.00

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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days4039485259534660
Inventory Days3845414241412542
Days Payable4635383330271722
Cash Conversion Cycle3349516170675481
Working Capital Days3046476266635173
ROCE %29%24%21%18%20%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.22%74.22%74.22%74.22%74.22%74.22%74.22%74.26%74.30%74.30%74.30%74.51%
Public25.76%25.78%25.78%25.78%25.78%25.78%25.78%25.74%25.70%25.70%25.70%25.49%
No. of Shareholders3,1597,0066,7766,3696,2896,5147,1577,2237,1317,7837,6348,166

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
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)11.4712.1510.158.898.30
Diluted EPS (Rs.)11.4712.1510.158.898.30
Cash EPS (Rs.)17.0517.1915.3513.4610.90
Book Value[Excl.RevalReserv]/Share (Rs.)99.8187.0773.7263.1649.93
Book Value[Incl.RevalReserv]/Share (Rs.)99.8187.0773.7263.1649.93
Revenue From Operations / Share (Rs.)188.87185.87137.59111.41106.80
PBDIT / Share (Rs.)22.9722.8921.3117.7614.20
PBIT / Share (Rs.)19.0418.9117.3514.0311.60
PBT / Share (Rs.)18.2518.2516.2712.6410.97
Net Profit / Share (Rs.)13.1213.2111.399.738.30
NP After MI And SOA / Share (Rs.)11.4712.1510.158.898.30
PBDIT Margin (%)12.1612.3115.4815.9313.29
PBIT Margin (%)10.0810.1712.6012.5910.86
PBT Margin (%)9.669.8211.8211.3410.27
Net Profit Margin (%)6.947.108.278.737.76
NP After MI And SOA Margin (%)6.076.537.377.977.76
Return on Networth / Equity (%)12.5915.2114.9215.2216.61
Return on Capital Employeed (%)17.9820.2119.1317.7220.39
Return On Assets (%)9.8710.4510.0710.0612.72
Long Term Debt / Equity (X)0.010.010.170.200.06
Total Debt / Equity (X)0.010.140.180.210.07
Asset Turnover Ratio (%)1.631.391.171.181.53
Current Ratio (X)6.012.824.793.873.70
Quick Ratio (X)5.082.133.732.922.67
Inventory Turnover Ratio (X)11.129.648.366.868.07
Dividend Payout Ratio (NP) (%)2.242.123.172.561.85
Dividend Payout Ratio (CP) (%)1.671.592.281.801.41
Earning Retention Ratio (%)97.7697.8896.8397.4498.15
Cash Earning Retention Ratio (%)98.3398.4197.7298.2098.59
Interest Coverage Ratio (X)29.0034.6719.6612.7322.76
Interest Coverage Ratio (Post Tax) (X)17.5621.0011.517.9814.30
Enterprise Value (Cr.)119.69160.1582.2479.28104.63
EV / Net Operating Revenue (X)0.400.540.370.450.62
EV / EBITDA (X)3.314.442.452.834.68
MarketCap / Net Operating Revenue (X)0.480.550.340.360.65
Retention Ratios (%)97.7597.8796.8297.4398.14
Price / BV (X)1.011.290.700.701.40
Price / Net Operating Revenue (X)0.480.550.340.360.65
EarningsYield0.120.110.210.210.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 126.19

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: 5.16% compared to the current price 120

Intrinsic Value: 127.09

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: 5.90% compared to the current price 120

Last 5 Year EPS CAGR: 0.71%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.38%, which is a positive sign.
  2. The company has higher reserves (86.38 cr) compared to borrowings (15.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (213.63 cr) and profit (22.50 cr) over the years.
  1. The stock has a high average Working Capital Days of 54.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 58.25, 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 Worth Peripherals Ltd:
    1. Net Profit Margin: 6.94%
      • 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: 17.98% (Industry Average ROCE: %)
      • 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%: 12.59% (Industry Average ROE: %)
      • 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): 17.56
      • 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: 5.08
      • 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: 11.8 (Industry average Stock P/E: )
      • 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: 0.01
      • 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

Worth Peripherals Ltd. is a Public Limited Listed company incorporated on 09/05/1996 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L67120MP1996PLC010808 and registration number is 010808. Currently company belongs to the Industry of Packaging & Containers. Company’s Total Operating Revenue is Rs. 221.70 Cr. and Equity Capital is Rs. 15.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & ContainersNo.102, Sanskriti Appt, Indore Madhya Pradesh 452018investors@worthindia.com
https://www.worthindia.com
Management
NamePosition Held
Mr. Raminder Singh ChadhaChairman & Managing Director
Mrs. Amarveer Kaur ChadhaWhole Time Director
Mr. Jayvir ChadhaWhole Time Director
Mr. Alok JainIndependent Director
Mr. Dilip Kumar ModakIndependent Director
Mrs. Palak MalviyaIndependent Director

FAQ

What is the latest fair value of Worth Peripherals Ltd?

The latest fair value of Worth Peripherals Ltd is ₹126.19.

What is the Market Cap of Worth Peripherals Ltd?

The Market Cap of Worth Peripherals Ltd is 188 Cr..

What is the current Stock Price of Worth Peripherals Ltd as on 19 July 2024?

The current stock price of Worth Peripherals Ltd as on 19 July 2024 is 120.

What is the High / Low of Worth Peripherals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Worth Peripherals Ltd stocks is 137/96.5.

What is the Stock P/E of Worth Peripherals Ltd?

The Stock P/E of Worth Peripherals Ltd is 11.8.

What is the Book Value of Worth Peripherals Ltd?

The Book Value of Worth Peripherals Ltd is 101.

What is the Dividend Yield of Worth Peripherals Ltd?

The Dividend Yield of Worth Peripherals Ltd is 0.84 %.

What is the ROCE of Worth Peripherals Ltd?

The ROCE of Worth Peripherals Ltd is 13.8 %.

What is the ROE of Worth Peripherals Ltd?

The ROE of Worth Peripherals Ltd is 10.5 %.

What is the Face Value of Worth Peripherals Ltd?

The Face Value of Worth Peripherals Ltd is 10.0.

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 Worth Peripherals 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