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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 590013 | NSE: XPROINDIA

Fundamental Analysis of XPRO India Ltd

Basic Stock Data

Last Updated: April 19, 2024, 1:15 pm

Market Cap 2,438 Cr.
Current Price 1,104
High / Low1,298/659
Stock P/E68.3
Book Value 166
Dividend Yield0.18 %
ROCE28.4 %
ROE26.6 %
Face Value 10.0

Data Source: screener.in

Competitors of XPRO India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SMVD Poly Pack Ltd 10.6 Cr. 10.616.2/7.60 31.90.00 %7.22 %1.51 % 10.0
Time Technoplast Ltd 6,000 Cr. 265279/79.721.3 1040.47 %13.1 %10.0 % 1.00
Advance Syntex Ltd 8.41 Cr. 7.589.65/4.23 10.60.00 %7.20 %26.8 % 10.0
Worth Peripherals Ltd 177 Cr. 112137/92.513.3 94.80.89 %19.0 %13.5 % 10.0
Bisil Plast Ltd 11.6 Cr. 2.153.70/1.4372.6 0.170.00 %24.2 %24.2 % 1.00
Industry Average1,241.52 Cr79.4721.4448.290.27%14.14%15.20%6.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales102148911271111431601349312413111096
Expenses891308010994126137115801051129581
Operating Profit13181117181723191319191515
OPM %13%12%12%14%16%12%14%14%14%16%15%14%16%
Other Income0100011121133
Interest4333322222211
Depreciation3333333333333
Profit before tax612511121319151015161414
Tax %0%22%0%0%0%-33%0%-5%36%72%28%30%26%
Net Profit610511121719166411911
EPS in Rs3.475.452.846.126.569.8610.479.083.652.346.204.595.17

Last Updated: April 10, 2024, 5:24 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 6:26 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales246226243259275318307345354370469509461
Expenses223220240256262292286318324330405434393
Operating Profit23633142621273040647469
OPM %9%3%1%1%5%8%7%8%8%11%14%15%15%
Other Income449652427812248
Interest101112132225212019171386
Depreciation12111114181716131212121211
Profit before tax44-7-15-19-25-12112013415959
Tax %24%43%31%26%-41%-1%0%2%2%38%-11%23%
Net Profit34-4-10-14-35-1210208454536
EPS in Rs19.64-2.35-5.94-7.93-20.07-7.035.931.310.234.7225.3824.9118.30
Dividend Payout %8%-28%0%0%0%0%0%0%0%0%5%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202021-20222022-2023
YoY Net Profit Growth (%)-111.76%-150.00%-40.00%-150.00%65.71%183.33%-80.00%-100.00%462.50%0.00%
Change in YoY Net Profit Growth (%)0.00%-38.24%110.00%-110.00%215.71%117.62%-263.33%-20.00%562.50%-462.50%

Growth

Compounded Sales Growth
10 Years:8%
5 Years:11%
3 Years:13%
TTM:-13%
Compounded Profit Growth
10 Years:29%
5 Years:47%
3 Years:347%
TTM:-39%
Stock Price CAGR
10 Years:48%
5 Years:114%
3 Years:149%
1 Year:53%
Return on Equity
10 Years:2%
5 Years:19%
3 Years:27%
Last Year:27%

Last Updated: April 16, 2024, 12:57 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11121212121212121212121821
Reserves136131121105705768707078123184323
Borrowings52165187178181215190172168135903931
Other Liabilities606078929670806466831109956
Total Liabilities260368397386359354349317316308335340432
Fixed Assets9791104250251226202188188179168160154
CWIP512516610014000310
Investments0000000000555
Other Assets157152127135107128147125128129161173262
Total Assets260368397386359354349317316308335340432

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 40-154-31424342938484983
Cash from Investing Activity 37-108-5818-4-2287-6-2-10-58
Cash from Financing Activity -269924-16-10-20-63-38-27-51-21-43
Net Cash Flow50-24-30-0-01-0-25-517-19

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-29.00-159.00-184.00-175.00-167.00-189.00-169.00-145.00-138.00-95.00-26.0035.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days455647574966596054655237
Inventory Days425957585752635259575149
Days Payable4780759178829377811006553
Cash Conversion Cycle403530242836303633223833
Working Capital Days2846200-1116263127374031
ROCE %10%1%-1%-2%-0%5%4%8%8%13%24%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
Promoters50.02%50.02%50.02%50.02%50.02%50.02%50.02%51.37%51.37%45.26%45.26%42.46%
FIIs0.00%0.10%0.67%0.62%0.50%0.41%0.18%0.04%0.08%11.99%12.04%14.98%
DIIs0.07%0.07%0.07%0.07%0.09%0.09%0.09%0.70%0.77%0.67%0.52%3.32%
Government0.03%0.03%0.03%0.03%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%
Public49.87%49.78%49.20%49.25%49.35%49.43%49.67%47.84%47.73%42.05%42.13%39.20%
No. of Shareholders20,33621,21524,30326,48628,19830,38930,06829,89628,92228,76929,17928,378

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.)25.5738.037.070.341.96
Diluted EPS (Rs.)24.3537.577.070.341.96
Cash EPS (Rs.)31.2348.2517.5710.6812.70
Book Value[Excl.RevalReserv]/Share (Rs.)128.24145.6276.0969.3569.17
Book Value[Incl.RevalReserv]/Share (Rs.)128.24145.6276.0969.3569.17
Revenue From Operations / Share (Rs.)280.56399.31316.04300.37293.56
PBDIT / Share (Rs.)42.9855.5836.5626.4128.84
PBIT / Share (Rs.)36.6645.3726.0716.0818.10
PBT / Share (Rs.)32.5234.3611.410.342.00
Net Profit / Share (Rs.)24.9138.037.070.331.96
NP After MI And SOA / Share (Rs.)24.9138.037.070.331.96
PBDIT Margin (%)15.3213.9111.568.799.82
PBIT Margin (%)13.0611.368.245.356.16
PBT Margin (%)11.598.603.610.110.68
Net Profit Margin (%)8.879.522.230.110.66
NP After MI And SOA Margin (%)8.879.522.230.110.66
Return on Networth / Equity (%)19.4226.119.290.482.83
Return on Capital Employeed (%)26.1722.3315.919.6610.46
Return On Assets (%)13.3313.412.710.120.72
Long Term Debt / Equity (X)0.040.371.081.331.45
Total Debt / Equity (X)0.150.501.211.821.85
Asset Turnover Ratio (%)1.511.471.201.121.04
Current Ratio (X)1.551.531.070.971.02
Quick Ratio (X)0.991.050.700.630.69
Inventory Turnover Ratio (X)7.467.576.336.766.73
Dividend Payout Ratio (NP) (%)5.200.000.000.000.00
Dividend Payout Ratio (CP) (%)4.150.000.000.000.00
Earning Retention Ratio (%)94.800.000.000.000.00
Cash Earning Retention Ratio (%)95.850.000.000.000.00
Interest Coverage Ratio (X)10.395.052.491.681.71
Interest Coverage Ratio (Post Tax) (X)7.024.451.481.021.07
Enterprise Value (Cr.)1263.801783.86190.68157.34185.69
EV / Net Operating Revenue (X)2.473.780.510.440.53
EV / EBITDA (X)16.1427.174.415.045.45
MarketCap / Net Operating Revenue (X)2.463.650.230.050.11
Retention Ratios (%)94.790.000.000.000.00
Price / BV (X)5.3910.000.970.230.48
Price / Net Operating Revenue (X)2.463.650.230.050.11
EarningsYield0.030.020.090.020.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 3021.28

The stock is undervalued by 173.67% compared to the current price ₹1104

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 24.25, which is a positive sign.
  2. The company has shown consistent growth in sales (337.08 cr) and profit (11.62 cr) over the years.
  1. The stock has a low average ROCE of 8.17%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 32.08, which may not be favorable.
  3. The company has higher borrowings (138.69) compared to reserves (118.15), which may suggest financial risk.

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 XPRO India Ltd:
    1. Net Profit Margin: 8.87%
      • 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: 26.17% (Industry Average ROCE: 14.14%)
      • 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%: 19.42% (Industry Average ROE: 15.2%)
      • 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): 7.02
      • 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: 0.99
      • 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: 68.3 (Industry average Stock P/E: 21.44)
      • 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: 0.15
      • 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

Xpro India Ltd. is a Public Limited Listed company incorporated on 26/11/1997 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L25209WB1997PLC085972 and registration number is 085972. Currently Company is involved in the business activities of Manufacture of semi-finished of plastic products (plastic plates, sheets, blocks, film, foil, strip etc.). Company’s Total Operating Revenue is Rs. 471.72 Cr. and Equity Capital is Rs. 11.81 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & ContainersBiax Division: Barjora-Mejia Road, Bankura District West Bengal 722202cosec@xproindia.com
http://www.xproindia.com
Management
NamePosition Held
Mr. Sidharth BirlaChairman
Mr. C BhaskarManaging Director & CEO
Mrs. Madhushree BirlaDirector
Mr. Amitabha GuhaDirector
Mr. Ashok Kumar JhaDirector
Mr. Utsav ParekhDirector
Mr. S RagothamanDirector
Mr. K BalakrishnanDirector
Mr. Bharat JhaverDirector
Ms. Suhana MurshedDirector

Xpro India Ltd. Share Price Update

Share PriceValue
Today₹1,100.40
Previous Day₹1,093.80

FAQ

What is the latest fair value of XPRO India Ltd?

The latest fair value of XPRO India Ltd is 3021.28.

What is the Market Cap of XPRO India Ltd?

The Market Cap of XPRO India Ltd is 2,438 Cr..

What is the current Stock Price of XPRO India Ltd as on 20 April 2024?

The current stock price of XPRO India Ltd as on 20 April 2024 is 1,104.

What is the High / Low of XPRO India Ltd stocks in FY 2024?

In FY 2024, the High / Low of XPRO India Ltd stocks is ₹1,298/659.

What is the Stock P/E of XPRO India Ltd?

The Stock P/E of XPRO India Ltd is 68.3.

What is the Book Value of XPRO India Ltd?

The Book Value of XPRO India Ltd is 166.

What is the Dividend Yield of XPRO India Ltd?

The Dividend Yield of XPRO India Ltd is 0.18 %.

What is the ROCE of XPRO India Ltd?

The ROCE of XPRO India Ltd is 28.4 %.

What is the ROE of XPRO India Ltd?

The ROE of XPRO India Ltd is 26.6 %.

What is the Face Value of XPRO India Ltd?

The Face Value of XPRO India 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 XPRO India 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