NR Agarwal Industries Ltd - Stock Valuation and Financial Performance

BSE: 516082 | NSE: NRAIL | Paper & Paper Products | Small Cap

NR Agarwal Inds Share Price

430.40 -4.20 -0.97%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on NR Agarwal Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

NR Agarwal Industries stock performance -

mw4me loader
P/E Ratio (SA):
5.67
Market Cap:
735.2 Cr.
52-wk low:
197.5
52-wk high:
532.2

Is NR Agarwal Industries Ltd an attractive stock to invest in?

1. Is NR Agarwal Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that NR Agarwal Industries Ltd is a average quality company.

2. Is NR Agarwal Industries Ltd undervalued or overvalued?

The key valuation ratios of NR Agarwal Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is NR Agarwal Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of NR Agarwal Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of NR Agarwal Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NR Agarwal Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 2.3%-2.2%11.2%17.7%24.8%20.7%22.2%11.8%11%14.5%-
Value Creation
Index
-0.8-1.2-0.20.30.80.50.6-0.2-0.20.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5417258831,0441,1901,3181,4051,1461,6171,7661,432
Sales YoY Gr.-34.1%21.8%18.3%14%10.7%6.6%-18.5%41.1%9.3%-
Adj EPS 0.3-20.210.2285253.765.531.632.355.976.2
YoY Gr.--7051.7%NA175.2%86%3.3%22%-51.8%2.4%72.8%-
BVPS (₹) 6544.855.378.3128.9183.5246.1280315373.5438.1
Adj Net
Profit
0.5-34.317.347.688.591.411253.75595.1130
Cash Flow from Ops. 3863.237.690.610411219111695.6129-
Debt/CF from Ops. 85.89.23.32.82.71.11.51.51-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.1%8.2%7.9%9.3%
Adj EPS 79.4%1.4%-5.2%72.8%
BVPS21.5%23.7%14.9%18.6%
Share Price 39.3% 6.6% 21.8% 111.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.4-36.720.341.950.234.430.51210.916.218.8
Op. Profit
Mgn %
3.54.27.413.313.214.115.411.68.910.512.4
Net Profit
Mgn %
0.1-4.724.67.46.97.94.73.45.49.1
Debt to
Equity
2.74.83.72.31.310.50.40.30.2-
Working Cap
Days
8679756360636792777843
Cash Conv.
Cycle
-112143042444353434120

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.80%

Sales growth has been subdued in last 3 years 7.92%

Net Profit has been subdued in last 3 years -5.18%

Sales growth is not so good in last 4 quarters at -20.73%

Latest Financials - NR Agarwal Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 76.2 -
TTM Sales (₹ Cr.) 1,432 -
BVPS (₹.) 438.1 -
Reserves (₹ Cr.) 729 -
P/BV 0.99 -
PE 5.67 -
From the Market
52 Week Low / High (₹) 197.50 / 532.20
All Time Low / High (₹) 2.00 / 615.85
Market Cap (₹ Cr.) 735
Equity (₹ Cr.) 17
Face Value (₹) 10
Industry PE 6.8

Management X-Ray of NR Agarwal Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00100.00100.00100.00100.00100.0099.4399.4399.43
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of NR Agarwal Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5417258831,0441,1901,3181,4051,1461,6171,766
Operating Expenses 5226958189061,0331,1341,1891,0131,4741,582
Manufacturing Costs106144158154187205218191285319
Material Costs3434575496147067638106591,0101,097
Employee Cost 22354450577076687178
Other Costs 516067888496859510888
Operating Profit 193065138157184216133143184
Operating Profit Margin (%) 3.5%4.2%7.4%13.2%13.2%14.0%15.4%11.6%8.8%10.4%
Other Income 4686681281113
Interest 12364643403536302514
Depreciation 10182325262732333436
Exceptional Items 0001000000
Profit Before Tax 1-17478971311617895148
Tax 016-142873644203448
Profit After Tax 0-3318509095117576199
PAT Margin (%) 0.1%-4.6%2.0%4.8%7.6%7.2%8.3%5.0%3.8%5.6%
Adjusted EPS (₹)0.3-19.710.529.253.055.668.633.635.958.4
Dividend Payout Ratio (%)0%0%0%7%6%7%0%3%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1117694133219312419476536636
Share Capital 17171717171717171717
Reserves 945977116202295402459519619
Minority Interest0000000000
Debt289329314266241241173112108134
Long Term Debt2232292171871541601314636133
Short Term Debt66100977887814266731
Trade Payables96113795645658513515095
Others Liabilities 64145180204198186188210206176
Total Liabilities 5606636676597038058659331,0011,041

Fixed Assets

Gross Block224574586461514603680724629646
Accumulated Depreciation97116138245176107140128163
Net Fixed Assets127458447436464526572584501483
CWIP 290424252121202928122
Investments 0001000001
Inventories3361666369104103139151130
Trade Receivables57847994111117121123167138
Cash Equivalents 411658667650
Others Assets4945443430304451147118
Total Assets 5606636676597038058659331,0011,041

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3863389110411219111696129
PBT 1-17478971311617895148
Adjustment 20516763656264615946
Changes in Working Capital 1829-34-49-33-50-5-11-43-35
Tax Paid -100-2-24-30-28-12-15-30
Cash Flow From Investing Activity -98-63-31-14-47-85-52-48-41-96
Capex -100-65-33-16-49-87-55-50-41-100
Net Investments 0000000000
Others 2222223304
Cash Flow From Financing Activity 576-11-78-55-29-139-67-55-25
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 7328-20000-560-3363
Interest Paid -12-33-48-49-41-35-31-29-22-10
Dividend Paid 0000-3-1-70-20
Others -41256-29-117-45-382-78
Net Cash Flow -37-5-13-20208
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.41-35.7920.9343.7751.1935.631.9412.7812.0516.95
ROCE (%)3.294.3211.2927.6729.1429.5632.0117.0518.122.29
Asset Turnover Ratio1.111.241.391.651.81.771.681.271.671.73
PAT to CFO Conversion(x)INFN/A2.111.821.161.181.632.041.571.3
Working Capital Days
Receivable Days37343229313131393332
Inventory Days20222522202427383329
Payable Days104836431121722383328

NR Agarwal Industries Ltd Stock News

NR Agarwal Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NR Agarwal Inds on 28-Mar-2024 16:01 is ₹430.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of NR Agarwal Inds stood at ₹735.2.
The latest P/E ratio of NR Agarwal Inds as of 28-Mar-2024 16:01 is 5.67.
The latest P/B ratio of NR Agarwal Inds as of 28-Mar-2024 16:01 is 0.99.
The 52-week high of NR Agarwal Inds is ₹532.2 and the 52-week low is ₹197.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NR Agarwal Inds is ₹1,432 ( Cr.) .

About NR Agarwal Industries Ltd

NR Agarwal Industries, incorporated in 1975, is one of the largest coated duplex board and newsprint manufacturing group having its corporate office at Mumbai and four manufacturing units located at Vapi, Gujarat

It has today evolved as one of the largest manufacturing facility in its chosen area of operation. The combined manufacturing capacity of coated duplex boards today is 130,000 MT per annum and that of newsprint, 40,000 MT PA.

The company has vast resources in terms of assets, technical expertise and technology, Research and development, plants and state-of-the-art machinery, well equipped laboratories, excellent infrastructure and utilities including water, own power generation (steam), steam generation, communication, D.M. Plants, Effluent Treatment Plants, transportation etc. at all manufacturing locations. The Group has excellent marketing network including highly effective sales team, end users, distributors, storage facility and fast delivery capabilities.

NR Agarwal Industries has grown significantly during the last decade. The technical manpower of the company is rated among the best in the Industry. To achieve the objectives of exponential growth, the company has a well knit organization with clear vision, coordination and decision channels. The effective functioning of the company is aided by support services and effective administrative systems and procedures. Total manpower including technical and commercial personnel handling activities of the company is 1500.

Coated duplex boards manufactured by the company are exported across the globe to many countries including Sri Lanka, Bangladesh, Philippines, Egypt, East Africa and Gulf Countries to name a few.

The company manufactures five different qualities of newsprint depending on the specific needs of publishing houses.

Product range of the company includes:

NR Agarwal Industries Ltd manufactures two kinds of products i.e. coated duplex boards -- grey back and white back as well as newsprint at four different locations in GIDC, Vapi, Gujarat state.

  • Superior Quality Double Coated Duplex Board - HWC (Grey Back/White Back)
  • Double Coated Duplex Board - HWC(White Back)
  • Double Coated Duplex Board - HWC(Grey Back)
  • Newsprint

Achievements/ recognition:

  • Quality Management System based on ISO 9001:2000 standard
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