BSE: 523840 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Innovative Tech Pack Ltd is a average quality company.
The key valuation ratios of Innovative Tech Pack Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Innovative Tech Pack Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.3% | 16.7% | 14.3% | 18.3% | 12.1% | 10% | 12.2% | 4.4% | -1.1% | 3.9% | - |
| Value Creation Index ⓘ | 0.0 | 0.2 | 0.0 | 0.3 | -0.1 | -0.3 | -0.1 | -0.7 | -1.1 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 76 | 75.8 | 90.1 | 102 | 124 | 144 | 150 | 144 | 158 | 158 | 147 |
| Sales YoY Gr. | - | -0.3% | 18.9% | 13.6% | 21.2% | 16.3% | 3.9% | -3.9% | 9.6% | 0.2% | - |
| Adj EPS ⓘ | 1.5 | 2 | 2.2 | 3.8 | 1.7 | 1.2 | 1.4 | -1 | -3 | -0.7 | 0.9 |
| YoY Gr. | - | 31.3% | 11.7% | 73.2% | -54.3% | -33.9% | 20% | -168.8% | NA | NA | - |
| BVPS (₹) ⓘ | 10.5 | 11.9 | 13.2 | 17.5 | 18.7 | 19.5 | 20 | 19 | 15.7 | 15.1 | 15.8 |
| Adj Net Profit ⓘ | 3.3 | 4.3 | 4.8 | 8.3 | 3.8 | 2.6 | 3.1 | -2.1 | -6.8 | -1.7 | 2 |
| Cash Flow from Ops. ⓘ | 4.3 | 12.6 | 17.8 | 21.8 | 24.8 | 21 | 35.8 | 5.9 | 21.9 | 6.6 | - |
| Debt/CF from Ops. ⓘ | 3.4 | 1.4 | 1.9 | 1.9 | 1.7 | 2.2 | 1 | 7.8 | 1.7 | 5.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.5% | 5% | 1.8% | 0.2% | ||||
| Adj EPS ⓘ | -192.5% | -184.3% | -181.2% | NA | ||||
| BVPSⓘ | 4.1% | -4.2% | -9.1% | -4.1% | ||||
| Share Price | 0.3% | 2.6% | 16.6% | 82.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15 | 17.6 | 17.5 | 24.6 | 9.5 | 6.1 | 7 | -4.9 | -17.5 | -4.8 | 5.5 |
| Op. Profit Mgn % ⓘ | 12.3 | 16.1 | 17.5 | 23.5 | 19.1 | 15.6 | 16 | 10.3 | 7.6 | 7.5 | 8.6 |
| Net Profit Mgn % ⓘ | 4.3 | 5.7 | 5.3 | 8.1 | 3.1 | 1.8 | 2.1 | -1.5 | -4.3 | -1.1 | 1.3 |
| Debt to Equity ⓘ | 0.6 | 0.7 | 1.2 | 1.1 | 1 | 1.1 | 0.8 | 1.1 | 1.1 | 1.1 | - |
| Working Cap Days ⓘ | 118 | 130 | 117 | 109 | 97 | 93 | 107 | 137 | 128 | 116 | 60 |
| Cash Conv. Cycle ⓘ | 38 | 42 | 32 | 27 | 24 | 25 | 15 | 14 | 18 | 15 | 5 |
Return on Equity has increased versus last 3 years average to 5.50%
Sales growth has been subdued in last 3 years 1.82%
Net Profit has been subdued in last 3 years -181.24%
Debt to equity has increased versus last 3 years average to 1.10
Sales growth is not so good in last 4 quarters at -8.53%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.9 | 0.1 |
| TTM Sales (₹ Cr.) | 147 | 139 |
| BVPS (₹.) ⓘ | 15.8 | 0 |
| Reserves (₹ Cr.) ⓘ | 33 | 46 |
| P/BV ⓘ | 1.76 | 0.00 |
| PE ⓘ | 32.75 | 353.95 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 14.00 / 39.39 |
| All Time Low / High (₹) | 0.06 / 116.40 |
| Market Cap (₹ Cr.) | 62.3 |
| Equity (₹ Cr.) | 2.3 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 35.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 76 | 75.79 | 90.12 | 102.38 | 124.13 | 144.38 | 150.03 | 144.22 | 158.04 | 158.36 |
| Operating Expenses ⓘ | 66.62 | 63.63 | 74.37 | 78.37 | 100.39 | 121.89 | 127.60 | 129.44 | 146.89 | 146.53 |
| Manufacturing Costs | 7.93 | 8.21 | 12.81 | 10.69 | 14.81 | 14.58 | 18.70 | 18.15 | 21.73 | 22.16 |
| Material Costs | 47.30 | 44.27 | 49.79 | 54.63 | 66.39 | 85.51 | 83.06 | 86.26 | 103.31 | 105.23 |
| Employee Cost | 6.39 | 6.80 | 6.72 | 8.28 | 12.86 | 13.84 | 15.92 | 16.16 | 14.95 | 12.97 |
| Other Costs ⓘ | 4.99 | 4.35 | 5.05 | 4.77 | 6.32 | 7.95 | 9.93 | 8.86 | 6.91 | 6.17 |
| Operating Profit ⓘ | 9.38 | 12.16 | 15.75 | 24.02 | 23.74 | 22.49 | 22.43 | 14.78 | 11.15 | 11.83 |
| Operating Profit Margin (%) | 12.3% | 16.0% | 17.5% | 23.5% | 19.1% | 15.6% | 14.9% | 10.2% | 7.1% | 7.5% |
| Other Income ⓘ | 1.24 | 1.11 | 0.88 | 2.10 | 0.74 | 1.12 | 1.60 | 1.73 | 0.65 | 1.79 |
| Interest ⓘ | 2.63 | 3.52 | 3.98 | 6.81 | 8.70 | 8.72 | 10.58 | 8.36 | 8.50 | 6.38 |
| Depreciation ⓘ | 4.08 | 5.04 | 5.88 | 7.82 | 9.58 | 10.53 | 11.97 | 10.03 | 11.09 | 8.68 |
| Exceptional Items ⓘ | -2.07 | -1.36 | -2.16 | 0 | -1.24 | 0 | 1.34 | -1.04 | 0 | 0 |
| Profit Before Tax ⓘ | 1.84 | 3.35 | 4.61 | 11.48 | 4.96 | 4.35 | 2.82 | -2.91 | -7.80 | -1.43 |
| Tax ⓘ | 0 | 0 | 1.20 | 2.34 | 1.77 | 1.68 | 0.81 | -0.63 | -0.36 | 0 |
| Profit After Tax | 1.84 | 3.35 | 3.41 | 9.14 | 3.20 | 2.68 | 2.01 | -2.28 | -7.45 | -1.43 |
| PAT Margin (%) | 2.4% | 4.4% | 3.8% | 8.9% | 2.6% | 1.9% | 1.3% | -1.6% | -4.7% | -0.9% |
| Adjusted EPS (₹) | 0.8 | 1.5 | 1.6 | 4.2 | 1.5 | 1.2 | 0.9 | -1.0 | -3.3 | -0.6 |
| Dividend Payout Ratio (%) | 0% | 7% | 10% | 6% | 7% | 13% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 22.92 | 25.93 | 28.95 | 38.17 | 40.81 | 43.84 | 45.02 | 42.73 | 35.29 | 33.86 |
| Share Capital ⓘ | 2.19 | 2.19 | 2.19 | 2.19 | 2.19 | 2.25 | 2.25 | 2.25 | 2.25 | 2.25 |
| Reserves ⓘ | 20.74 | 23.74 | 26.77 | 35.99 | 38.62 | 41.59 | 42.77 | 40.49 | 33.04 | 31.61 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 14.61 | 12.58 | 25.22 | 32.50 | 30.81 | 34.07 | 20.43 | 37.92 | 33.92 | 36.39 |
| Long Term Debt | 4.99 | 7.09 | 21.50 | 26.82 | 22.34 | 18.83 | 17.60 | 25.40 | 30.37 | 27.18 |
| Short Term Debt | 9.62 | 5.49 | 3.71 | 5.68 | 8.48 | 15.24 | 2.84 | 12.52 | 3.55 | 9.21 |
| Trade Payables | 6.16 | 8.95 | 7.07 | 14.23 | 16.53 | 20.19 | 30.27 | 30.71 | 30.70 | 25.79 |
| Others Liabilities ⓘ | 8.08 | 10.31 | 18.27 | 14.76 | 16.18 | 18.39 | 25.02 | 17.78 | 14.75 | 9.99 |
| Total Liabilities ⓘ | 51.77 | 57.78 | 79.51 | 99.67 | 104.33 | 116.49 | 120.74 | 129.14 | 114.65 | 106.03 |
Fixed Assets | ||||||||||
| Gross Block | 51.12 | 57.98 | 79.66 | 104.60 | 113.47 | 139.06 | 141.33 | 162.80 | 170.52 | 171.26 |
| Accumulated Depreciation | 29.50 | 34.27 | 39.72 | 45.92 | 53.72 | 70.40 | 79.50 | 99 | 110.01 | 118.68 |
| Net Fixed Assetsⓘ | 21.61 | 23.72 | 39.94 | 58.68 | 59.75 | 68.66 | 61.82 | 63.80 | 60.51 | 52.57 |
| CWIP ⓘ | 0 | 0.04 | 1.51 | 0 | 0 | 0.30 | 3.50 | 1.27 | 0 | 0 |
| Investmentsⓘ | 1.19 | 1.49 | 6.13 | 1.98 | 9.27 | 1.98 | 1.98 | 0.01 | 0.01 | 0 |
| Inventories | 4.96 | 3.90 | 5.62 | 9.34 | 8.82 | 12.04 | 13.38 | 16.23 | 16.08 | 13.87 |
| Trade Receivables | 12.99 | 13.62 | 11.66 | 16.29 | 18.75 | 21.78 | 20.99 | 26.02 | 19.92 | 21.74 |
| Cash Equivalents | 3.24 | 3.30 | 2.59 | 5.41 | 1.85 | 5.06 | 5.77 | 3.57 | 3.50 | 3.52 |
| Others Assetsⓘ | 7.77 | 11.70 | 12.06 | 7.98 | 5.88 | 6.67 | 13.31 | 18.25 | 14.64 | 14.32 |
| Total Assets ⓘ | 51.77 | 57.78 | 79.51 | 99.67 | 104.33 | 116.49 | 120.74 | 129.14 | 114.65 | 106.03 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4.26 | 12.61 | 17.79 | 21.78 | 24.79 | 20.96 | 35.76 | 5.93 | 21.90 | 6.60 |
| PBT ⓘ | 1.84 | 3.35 | 4.61 | 11.48 | 4.96 | 4.35 | 2.82 | -2.91 | -7.80 | -1.43 |
| Adjustment ⓘ | 7.59 | 9.24 | 10.07 | 13.13 | 17.77 | 18.95 | 22.34 | 18.30 | 20.21 | 14.36 |
| Changes in Working Capital ⓘ | -5.01 | 0.01 | 3.66 | -0.38 | 3.4 | -0.99 | 11.07 | -10.13 | 9.14 | -6.34 |
| Tax Paid ⓘ | -0.17 | 0 | 0 | -2.45 | -1.35 | -1.35 | -0.46 | 0.68 | 0.36 | 0 |
| Cash Flow From Investing Activity ⓘ | -7.11 | -7.08 | -32.46 | -18.64 | -17.62 | -15.78 | -10.93 | -8.03 | -5.38 | -0.04 |
| Capex | -7.01 | -7.27 | -24.73 | -24.47 | -10.28 | -20.76 | -11.79 | -9.36 | -5.14 | -0.39 |
| Net Investments | 0 | -0.30 | -6.63 | 4.97 | -7.29 | 5.79 | -0.42 | 0.93 | 0 | 0.01 |
| Others ⓘ | -0.10 | 0.49 | -1.10 | 0.86 | -0.05 | -0.81 | 1.28 | 0.40 | -0.24 | 0.35 |
| Cash Flow From Financing Activityⓘ | 4.83 | -5.47 | 13.45 | -0.15 | -11.05 | -4.24 | -23.29 | 0 | -17.12 | -6.53 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0.52 | 0 | 2 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 4.28 | -4.49 | -3.50 | 0.10 | 6.77 | 4.97 | -3.20 |
| Interest Paid ⓘ | -2.59 | -3.51 | -3.88 | -6.81 | -8.70 | -8.72 | -10.58 | -8.36 | -8.50 | -6.38 |
| Dividend Paid ⓘ | 0 | 0 | -0.39 | 0 | -0.55 | -0.22 | -0.34 | 0 | 0 | 0 |
| Others ⓘ | 7.42 | -1.96 | 17.72 | 1.86 | 2.68 | 6.20 | -12.47 | 1.58 | -13.59 | 3.04 |
| Net Cash Flow ⓘ | 1.98 | 0.07 | -1.22 | 2.99 | -3.88 | 0.95 | 1.54 | -2.10 | -0.60 | 0.03 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.36 | 13.73 | 12.44 | 27.23 | 8.09 | 6.32 | 4.52 | -5.21 | -19.08 | -4.14 |
| ROCE (%) | 12.47 | 16.9 | 16.22 | 25.63 | 16.68 | 15.03 | 15.52 | 6.38 | 0.86 | 6.86 |
| Asset Turnover Ratio | 1.58 | 1.4 | 1.34 | 1.18 | 1.24 | 1.31 | 1.26 | 1.15 | 1.3 | 1.44 |
| PAT to CFO Conversion(x) | 2.32 | 3.76 | 5.22 | 2.38 | 7.75 | 7.82 | 17.79 | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 62 | 63 | 50 | 48 | 51 | 51 | 52 | 59 | 53 | 48 |
| Inventory Days | 20 | 21 | 19 | 26 | 26 | 26 | 31 | 37 | 37 | 35 |
| Payable Days | 61 | 62 | 59 | 71 | 85 | 78 | 111 | 129 | 108 | 98 |
Innovative Tech Pack (ITPL) is engaged in the manufacturing and marketing of PET (Polyethylene Terephthalate) and PP (Polypropylene) plastic products. It was incorporated on April 26, 1989. The company, which started off as a modest corporation with a handful of clients, has now evolved and grown manifold to an entity with a total turnover of more than Rs 50 crore.
The company manufactures PET bottles, jars, and caps at its manufacturing plant located in the Mewat district of Haryana with installed capacities of 43 million bottles, 9 million jars, and 15 million caps. These products are used in the packaging of fruit juices, mineral water, carbonated drinks, edible oils, pharmaceuticals, cosmetics, and other products.
ITPL set up its first plant at Sohna, Gurgaon where it started manufacture of PET plastic bottles and jars via single-stage Injection Stretch Blow Molding (ISBM) technology. In 1994, ITPL pioneered the use of two-stage blow molding machines from Sidel, France in India. These machine were used for manufacturing carbonated soft drinks bottles in large numbers, cost effectively.
The registered office of the company is located at 51 Roz-Ka-Meo Industrial Area, Sohna, Gurgaon-122103, Haryana.
Products :
Pet Jars & Bottles
ITPL has a vast experience and supplies detailed packaging design and development of PET solutions for products such as edible oil bottles, bottles for personal hygiene products - hair oils, liquid hand wash, shampoo, detergents, dish washing liquid, cosmetics, pharmaceutical bottles, fruit juices and juice based bottles, alcoholic beverage bottles, wide mouth jars for packaging of coffee, tea, diary whitener, cereals, glucose etc., and wide mouth jars for packaging of confectioneries, biscuits, chewing gums, chocolates etc.
The company’s in-depth knowledge of their markets, coupled with its technical expertise, enables it to devise bottles tailored to specific customers and product requirements including oxygen and carbon dioxide barriers and UV light blocking for products sensitive to these kinds of exposure.
ITPL is also well equipped to design bottles and containers specific to customer’s shape and design attributes pertaining to their own market research for other market requirements.
PP Caps & Containers
ITPL offers an extensive range of caps, closures and dispensing systems suitable for a wide range of sectors including health and beauty, toiletry, pharmaceutical, food and beverage, automotive, DIY, leisure and household products.
The company offer caps and closures to fit bottles, jars and tubes and the range includes screw on, flip tops, snap-ons, spray pumps, lotion pumps, serum pumps, trigger pumps, airless packs, foamers, disc tops, talc caps, overcaps, roll-ons and nozzles in a vast range of shapes and sizes depending on the customer requirements.
It is also equipped to manufacture PP containers Via ISBM process, catering to markets like malt based drinks etc. where a moisture /oxygen / carbon dioxide barrier is particularly critical depending on the characteristics of the products being filled.
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