Ester Industries Ltd - Stock Valuation and Financial Performance

BSE: 500136 | NSE: ESTER | Plastic Products | Small Cap

Ester Inds Share Price

112.45 -0.40 -0.35%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Ester Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Ester Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
1,056.5 Cr.
52-wk low:
80.2
52-wk high:
131.9

Is Ester Industries Ltd an attractive stock to invest in?

1. Is Ester Industries Ltd a good quality company?

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

2. Is Ester Industries Ltd undervalued or overvalued?

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

3. Is Ester Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ester Industries 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 Ester 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.
Ester 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 % 5.1%4.7%4.9%2%4.8%9.7%20.5%24.1%12.4%5%-
Value Creation
Index
-0.6-0.7-0.7-0.9-0.7-0.30.50.7-0.1-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9288967717038071,0281,0399921,1101,077855
Sales YoY Gr.--3.5%-14%-8.8%14.8%27.4%1%-4.5%12%-3%-
Adj EPS 10.60.7-1.40.63.811.81710.33.8-4.6
YoY Gr.--37.3%1.6%-315.4%NA519.4%207%44.5%-39.4%-63.3%-
BVPS (₹) 41.241.934.633.23437.748.96275.392.787.9
Adj Net
Profit
6.445.4-11.75.23298.314286.231.6-43
Cash Flow from Ops. 52.167.781.449.650.911717215178.9138-
Debt/CF from Ops. 75.63.96.362.10.91.44.12.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.7%6%1.2%-3%
Adj EPS 15.7%43.6%-31.5%-63.3%
BVPS9.4%22.2%23.7%23.2%
Share Price 18.9% 31.8% -8.7% 4.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.51.51.9-4.11.910.727.230.715.14.5-5.1
Op. Profit
Mgn %
889.36.18.210.718.423.915.69.4-0.4
Net Profit
Mgn %
0.70.50.7-1.70.63.19.514.37.82.9-5.1
Debt to
Equity
1.41.41.11.11.10.80.40.40.50.50.2
Working Cap
Days
971051201251221009811617122185
Cash Conv.
Cycle
78839410196787279949729

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 1.23%

Sales growth is not so good in last 4 quarters at -17.90%

Latest Financials - Ester Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -4.6 -12.9
TTM Sales (₹ Cr.) 855 1,063
BVPS (₹.) 87.9 76.4
Reserves (₹ Cr.) 779 671
P/BV 1.28 1.47
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 80.21 / 131.85
All Time Low / High (₹) 0.85 / 190.00
Market Cap (₹ Cr.) 1,057
Equity (₹ Cr.) 47
Face Value (₹) 5
Industry PE 48.7

Management X-Ray of Ester Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *9.369.369.360.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ester 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
Sales9288967717038071,0281,0399921,1101,077
Operating Expenses 854825700660741920849756937977
Manufacturing Costs959610294106118119123138168
Material Costs660630489466534702623511675685
Employee Cost 39414646444754685951
Other Costs 61586353565253556573
Operating Profit 7471704366108189236173100
Operating Profit Margin (%) 8.0%7.9%9.1%6.1%8.1%10.5%18.2%23.8%15.6%9.3%
Other Income 53566698917
Interest 35373633333424192530
Depreciation 30323232313235353739
Exceptional Items 0000000000
Profit Before Tax 1457-1674713919012048
Tax 612-521639483212
Profit After Tax 845-11531991428836
PAT Margin (%) 0.9%0.4%0.6%-1.5%0.7%3.0%9.6%14.3%7.9%3.3%
Adjusted EPS (₹)1.30.60.6-1.30.63.711.917.010.54.3
Dividend Payout Ratio (%)37%0%0%0%0%13%21%20%31%12%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 264268293277283314408517628773
Share Capital 31314242424242424242
Reserves 233236252235242273366475586732
Minority Interest0000000000
Debt332332279268264228132172276318
Long Term Debt124125976728615699158175
Short Term Debt2082081822012361677773118144
Trade Payables20202419392333386226
Others Liabilities 83959311711899117137349412
Total Liabilities 6997156896817046656918641,3151,529

Fixed Assets

Gross Block749790805446453460465509556569
Accumulated Depreciation359390420305573102132168198
Net Fixed Assets390399385416399387364377388371
CWIP 18122321323221978
Investments 000000098181424
Inventories124128128117114125110137203138
Trade Receivables124118112116148123121151193137
Cash Equivalents 823877614262850
Others Assets3435322334215953303331
Total Assets 6997156896817046656918641,3151,529

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 526881505111717215179138
PBT 1457-16747139190188211
Adjustment 636463606266544555-87
Changes in Working Capital -261126-191413-39-10823
Tax Paid 0-1-100-11-33-45-57-10
Cash Flow From Investing Activity -58-36-20-11-15-23-51-154-122-156
Capex -57-36-23-13-15-26-43-46-61-126
Net Investments -2-110-11-10-132397
Others 1221111-95-83-127
Cash Flow From Financing Activity -2-18-75-38-36-94-12036524
Net Proceeds from Shares 00160000000
Net Proceeds from Borrowing -3013-34-24-389-4566040
Interest Paid -30-33-32-33-33-34-20-14-20-26
Dividend Paid 0-40000-4-33-28-16
Others 585-261935-69-92-55325
Net Cash Flow -814-1400000235
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.281.471.66-3.781.8910.4127.5430.7315.355.11
ROCE (%)8.16.636.872.936.8414.128.9432.417.367.42
Asset Turnover Ratio1.51.391.21.121.191.51.531.281.020.76
PAT to CFO Conversion(x)6.51716.2N/A10.23.771.741.060.93.83
Working Capital Days
Receivable Days42455054594843505756
Inventory Days44475658514241455658
Payable Days11121617201616252724

Ester Industries Ltd Stock News

Ester Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ester Inds on 12-Jul-2024 16:01 is ₹112.5.
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 12-Jul-2024 16:01 the market cap of Ester Inds stood at ₹1,056.5.
The latest P/E ratio of Ester Inds as of 12-Jul-2024 16:01 is 0.00.
The latest P/B ratio of Ester Inds as of 12-Jul-2024 16:01 is 1.28.
The 52-week high of Ester Inds is ₹131.8 and the 52-week low is ₹80.21.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ester Inds is ₹855.4 ( Cr.) .

About Ester Industries Ltd

Ester Industries Limited was incorporated in India in 1985. It is a widely held limited liability company. The main business activities are production and marketing of versatile ranges of polyester films and engineering plastics.

The main business activities of the company are production and marketing of versatile ranges of polyester films and engineering plastics. In its integrated manufacturing facilities Ester produces polyester resins of various types, having different physical and chemical properties. These resins are also captively used by Ester for manufacturing polyester films and engineering plastics.

Its premium quality products are backed by inbuilt statistical and analytical technique based processes and a strong research & development oriented system. Continuous upgradation of technology, customer focused marketing and technical services, are the company's other inherent strengths.

Ester produces a range of Bi-axially Oriented Polyester Films on two state-of-the-art production lines. UMAPet films have high tensile & dielectric strength, good chemical & thermal stability & excellent optical and electrical properties as well as processability at the users' end. The entire process of film production, including slitting & packing is performed in a dust free & clean environment. UMAPet is available in a wide variety suitable for a number of applications.

Estoplast engineering plastic is a range of high performance thermoplastic resins. This covers crystalline, amorphous and specialty polymers like polyesters, polyamides, polycarbonates. Estoplast is popular among our customers due to the suitable and consistent quality, wide and effective distribution reach & prompt technical assistance. Ester caters to specific applications and customer requirements. Estoplast is tailor made for this purpose. Estoplast range of products is supported by a dynamic team, which provides assistance in selection of the most suitable formulations for specific applications.

In 2010 the company announced setting up of a Polyester Film Line of 30,000 MTPA capacity at an estimated capital expenditure of Rs. 175 Crores.
Installation of Continuous Polymerization (CP) plant & Additional Metalizing unit.
In 2011 the Company has been listed in National Stock Exchange of India Ltd.

The product find its application in wide range of areas, that includes

  • Electrical, Electronics & Lighting- Coil formers, Relays, MCBs, ELCBs, Connectors, Contact Blocks, Bobbins, Fuse Holders, Carbon Brush Holders, Capacitor Boxes, Fans for Electronic Equipments, CFL Holders, Adaptors, Sockets, Lighting Fixtures, Modular Switches, Energy Meter Hosing & thermal blocks etc.
  • Consumer Durables- Housings for Electric Irons, Toasters, Electric Kettles, Infrared Lamps, Roti Makers, Hair Dryer Components, Oven Door Handles, Knobs, Panels, etc.
  • Telecommunication & Engineering- Optical Fibre Sheathing, Textile Machinery parts, Timer Pulleys. Industrial and Centrifugal pump parts. Cable termination box Modules, connectors, etc.
  • Automotive- Air Intake Grills, Windscreen Wiper Holders/Supports, Head Lamp Reflectors, Ignition Coil Tops, Air Filter Housings, Exterior Mirror Housings, Spoilers, Door Handles/Door Lock Surroundings, Carburettor Components, Ignition System Electronics' parts, Spark Plug Connectors, etc.

Product range of the company includes:

  • UmaPET Polyester Films-Plain films include- Packaging Films, Direct Emboss able Film, Golden Film, Anti Static Film, Clear & Ultra Clear Films, Heat Sealable Films, Industrial Film, High Performance Films (Retort / Hot Fill), Lidding Film, Matte Film, Function Film (High Friction), White Opaque Films, Yarn Grade Film.
  • Metallized films include- Packaging Films (Normal Barrier Metallized), Packaging Films (High Barrier Metallized), Emboss able Metallized Film, Golden Metallized Film, Isotropic Metallized Film, High Gloss Metallized Films, Industrial Film (Metallized), High Performance Metallized Film, Matte Metallized Film.
  • Estoplast–EP Thermoplastic Polyester, XU Polyamide -6/Polyamide-66ZK and Polycarbonate.

The products of the company are approved by :

  • Research Design & Standards Organization (The Indian Railways).
  • Deptt. Of Telecommunication, Govt. of India, for OFC.
  • Deptt. Of Telecommunication, Govt. of India, for Modules.
  • Underwriters Laboratrories, USA for VO rating as per UL 94.
  • Delphi Automotive Systems.
  • All OFC manufacturers, Countrywide- Sterlite, Birla Ericsson, AKSH Fiber Optics etc. and many more.
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