Essen Speciality Films Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: ESFL | Plastic Products | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Essen Speciality Fi

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Essen Speciality Films stock performance -

mw4me loader
P/E Ratio (SA):
23.99
Market Cap:
341.6 Cr.
52-wk low:
0
52-wk high:
0

Is Essen Speciality Films Ltd an attractive stock to invest in?

1. Is Essen Speciality Films Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Essen Speciality Films Ltd is a below average quality company.

2. Is Essen Speciality Films Ltd undervalued or overvalued?

The key valuation ratios of Essen Speciality Films Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Essen Speciality Films Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Essen Speciality Films Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Essen Speciality Fi:

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.
Essen Speciality Films Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13%13.3%7.4%14.9%-
Value Creation
Index
-0.1-0.1-0.50.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 72.995.8117119143
Sales YoY Gr.-31.4%22.6%1%-
Adj EPS 4.95.72.97.76.9
YoY Gr.-14.8%-48.5%165.3%-
BVPS (₹) 37.541.945.253.569.1
Adj Net
Profit
7.99.14.712.414
Cash Flow from Ops. 7.38.4-6.925.3-
Debt/CF from Ops. 0.61.8-3.70.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA17.6%1%
Adj EPS NANA16.2%165.3%
BVPSNANA12.6%18.5%
Share Price - - - 20.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.114.26.715.711.2
Op. Profit
Mgn %
19.919.410.715.916.8
Net Profit
Mgn %
10.89.4410.410
Debt to
Equity
0.10.20.40.10
Working Cap
Days
0162191201135
Cash Conv.
Cycle
05575101117

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.63%

Net Profit is growing at healthy rate in last 3 years 16.20%

Sales growth is good in last 4 quarters at 23.41%

Return on Equity has declined versus last 3 years average to 11.20%

Latest Financials - Essen Speciality Films Ltd.

Standalone Consolidated
TTM EPS (₹) 6.9 -
TTM Sales (₹ Cr.) 143 -
BVPS (₹.) 69.1 -
Reserves (₹ Cr.) 122 -
P/BV 2.39 -
PE 23.99 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 342
Equity (₹ Cr.) 20.7
Face Value (₹) 10
Industry PE 48.7

Management X-Ray of Essen Speciality Fi:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Essen Speciality Fi

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales7396117119
Operating Expenses 5877105100
Manufacturing Costs9151621
Material Costs36487158
Employee Cost 891212
Other Costs 4569
Operating Profit 15191319
Operating Profit Margin (%) 19.9%19.4%10.7%15.9%
Other Income 1112
Interest 1133
Depreciation 3644
Exceptional Items 0000
Profit Before Tax 1112714
Tax 3321
Profit After Tax 89513
PAT Margin (%) 10.9%9.5%4.4%11.3%
Adjusted EPS (₹)5.05.73.28.4
Dividend Payout Ratio (%)31%22%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 60677286
Share Capital 111616
Reserves 59665670
Minority Interest0000
Debt415266
Long Term Debt0043
Short Term Debt415223
Trade Payables3131310
Others Liabilities 8987
Total Liabilities 76104119110

Fixed Assets

Gross Block64707779
Accumulated Depreciation23293336
Net Fixed Assets41414443
CWIP 0000
Investments 0000
Inventories9163230
Trade Receivables8141417
Cash Equivalents 21145
Others Assets16232313
Total Assets 76104119110

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 78-725
PBT 89513
Adjustment 71086
Changes in Working Capital -6-7-179
Tax Paid -2-4-2-3
Cash Flow From Investing Activity -2-8-3-3
Capex -2-8-7-2
Net Investments 005-1
Others 0000
Cash Flow From Financing Activity -688-22
Net Proceeds from Shares 0000
Net Proceeds from Borrowing 0040
Interest Paid -1-1-3-3
Dividend Paid -3-200
Others -2117-19
Net Cash Flow 08-20
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.2714.397.4216.94
ROCE (%)18.0118.210.7617.8
Asset Turnover Ratio0.961.061.051.04
PAT to CFO Conversion(x)0.880.89-1.41.92
Working Capital Days
Receivable Days38424548
Inventory Days45487596
Payable Days28596572

Essen Speciality Films Ltd Stock News

Essen Speciality Films Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Essen Speciality Fi on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Essen Speciality Fi stood at ₹341.6.
The latest P/E ratio of Essen Speciality Fi as of 01-Jan-1970 05:30 is 23.99.
The latest P/B ratio of Essen Speciality Fi as of 01-Jan-1970 05:30 is 2.39.
The 52-week high of Essen Speciality Fi is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Essen Speciality Fi is ₹142.7 ( Cr.) .

About Essen Speciality Films Ltd

The company was incorporated on August 14, 2002 as ‘Essen Speciality Films Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, The company was converted into a public limited company pursuant to a resolution passed by its Shareholders at an extraordinary general meeting held on December 31, 2022 and consequently the name of the company was changed to ‘Essen Speciality Films Limited’ and a fresh certificate of incorporation dated January 3, 2023 was issued by the Registrar of Companies, Gujarat at Ahmedabad.

It is a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry, to renowned multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger etc. The company has been recognized as a ‘two star export house’ by Ministry of Commerce & Industry, Government of India. It has also been exclusive global supplier of IKEA for certain of its products, since incorporation. It was awarded with the awards of ‘Best Supplier of the Year’, by IKEA. It operates a fully-integrated, sustainable and technologically advanced manufacturing unit, which has been certified to be compliant with the requirements of ISO 9001:2015. The company is part of the Rajoo Group, which is headed by its promoter group company and Group Company, Rajoo Engineers Limited (REL). Rajoo Engineers Limited is listed on the BSE Limited since October 24, 1994. The company is promoted by one of the Promoters of REL, namely Khushboo Chandrakant Doshi. REL is global player in plastic extrusion machinery, catering to many countries across the globe. REL designs, manufactures and services mono to seven layer upward and downward blown film line for barrier and non-barrier applications along with extrusion coating and lamination line, mono to five layer sheet extrusion system for barrier and non-barrier sheet along with multi-station thermoforms. 

Its product portfolio can broadly be classified into seven categories, namely, bath area, kitchen & dinning, home decor, storage and organization, fitness and lifestyle, outdoor and utility and customized products, which include plastic films, Spa slippers, Baby shower caps, green-house gutter sheet etc. It market and sell its products predominantly under three brands; ‘Draperi’ for shower curtains, ‘Runner’ for shelf liners and ‘Paperi’ for artificial plants and placemats. Owing to the multipurpose nature of its products, its customer base is diversified and spread across various industries, including but not limited to home furnishing, home decor, departmental stores, discount retailers, hypermarkets, hardware and home improvement, office supplies stores, agricultural and medical industry and international importers and wholesale distributors.

Business area of the company 

It is a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry to renowned multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger etc.

Products of the company 

Bath area

  • PEVA shower curtains and liners
  • Shower curtain accessories
  • Bath Tub and Shower Mats

Kitchen & Dining

  • Chopping board
  • Table cloth with non-woven backing
  • Disposable party table cover
  • EVA foam placemats and coasters
  • PP placemats

Home decor

  • Artificial plant
  • Artificial flowers

Storage and organization

  • Shelf liners/ Drawer liners
  • Desk mat
  • Yoga mats
  • Interlocking foam tiles
  • Kid's puzzle mats

Outdoor and utility

  • Tarp / Tarpaulin
  • Vehicle covers
  • Pond liner
  • Rain gear & poncho

Customized Products

  • Delivery bag
  • Reusable shopping bags
  • Spa slippers
  • Baby shower caps
  • Plant pots
  • Bottle carrier
  • Films/ Rolls

Awards, accreditations or recognitions

  • 2006: The company received the title of Supplier of the year from IKEA.
  • 2009: The company received the title of Supplier of the year from IKEA.
  • 2016: The company received a certificate from Walmart India recognising its significant contribution towards its goal of incrementally increasing sourcing from women owned businesses.
  • 2017: The company received a memory of appreciation from Indian Plastics Institute in recognition of its valued participation at Innovation Pavilion.

History and milestone 

  • 2002: The company was incorporated under the name of Essen Speciality Films Private Limited’, a private limited company under the Companies Act, 1956.
  • 2002: The company commenced commercial production of desk-mats.
  • 2008: The company expanded its product portfolio by manufacturing expanded polystyrene foam disposables and commenced its commercial production on September 20, 2008.
  • 2014: The company expanded its operations by manufacturing dining table mats, coasters, yoga mats and inner shoe soles through compression molding process.
  • 2018: The company started commercial production of artificial plants through injection molding process.
  • 2020: The company received certificate of registration for its manufacturing unit being compliant with the requirement of ISO 9001:2015 quality management system from Quality Research Organisation.
  • 2022: Certificate granted in accordance with STANDARD 100 by OEKO-TEX allowing the company to use STANDARD 100 OEKO-TEX mark.
  • 2022: The company received scope certificate from CU Inspections & Certifications India Private Limited certifying that the company has been audited and found to be in conformity with the Global Recycled Standard (GRS) - Version 4.0.
  • 2022: The company received certificate from CU Inspections & Certifications India Private Limited certifying that certain of its product categories are compliant with Global Recycled Standard (GRS) - Version 4.0.
  • 2022: The company received certificate from CU Inspections & Certifications India Private Limited certifying that certain of its product categories are compliant with Recycled Claim Standard (RCS) - Version 2.0.
  • 2023 The company was converted into a public limited company and consequently the name of the Company was changed to ‘Essen Speciality Films Limited’.

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