EPACK Durable Ltd - Stock Valuation and Financial Performance

BSE: 544095 | NSE: EPACK | Air Conditioners | Small Cap

EPACK Durable Share Price

187.65 -1.60 -0.85%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on EPACK Durable

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

EPACK Durable stock performance -

mw4me loader
P/E Ratio (SA):
57.84
Market Cap:
1,764.6 Cr.
52-wk low:
151
52-wk high:
225

Is EPACK Durable Ltd an attractive stock to invest in?

1. Is EPACK Durable Ltd a good quality company?

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

2. Is EPACK Durable Ltd undervalued or overvalued?

The key valuation ratios of EPACK Durable Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is EPACK Durable Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of EPACK Durable 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 EPACK Durable:

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.
EPACK Durable 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'21Mar'22Mar'23TTM
ROCE % 8%9.1%8.6%-
Value Creation
Index
-0.4-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7369161,5201,520
Sales YoY Gr.-24.4%65.9%-
Adj EPS 1.43.26.63.2
YoY Gr.-135.6%106.9%-
BVPS (₹) 14.323.556.4115.2
Adj Net
Profit
6.516.634.330
Cash Flow from Ops. 47.5-4916.9-
Debt/CF from Ops. 5-7.829.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA65.9%
Adj EPS NANANA106.9%
BVPSNANANA140.1%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.517.315.83.7
Op. Profit
Mgn %
5.77.16.55.3
Net Profit
Mgn %
0.91.82.32
Debt to
Equity
3.53.11.6-
Working Cap
Days
02061780
Cash Conv.
Cycle
0100780

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.57

Return on Equity has declined versus last 3 years average to 3.70%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.65%

Latest Financials - EPACK Durable Ltd.

Standalone Consolidated
TTM EPS (₹) 3.2 3.3
TTM Sales (₹ Cr.) 1,520 1,539
BVPS (₹.) 115.2 115.4
Reserves (₹ Cr.) 1,008 1,010
P/BV 1.60 1.60
PE 57.84 55.19
From the Market
52 Week Low / High (₹) 150.95 / 225.00
All Time Low / High (₹) 150.95 / 225.00
Market Cap (₹ Cr.) 1,765
Equity (₹ Cr.) 95.8
Face Value (₹) 10
Industry PE 79.5

Management X-Ray of EPACK Durable:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of EPACK Durable

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales7369161,520
Operating Expenses 6948511,425
Manufacturing Costs192141
Material Costs6498021,329
Employee Cost 172028
Other Costs 10927
Operating Profit 426595
Operating Profit Margin (%) 5.7%7.1%6.2%
Other Income 342
Interest 262931
Depreciation 91322
Exceptional Items 00-2
Profit Before Tax 112742
Tax 3811
Profit After Tax 81831
PAT Margin (%) 1.0%2.0%2.0%
Adjusted EPS (₹)1.63.55.9
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 69122313
Share Capital 485271
Reserves 2170242
Minority Interest000
Debt226355464
Long Term Debt6860114
Short Term Debt158296350
Trade Payables152290357
Others Liabilities 74254292
Total Liabilities 5201,0211,425

Fixed Assets

Gross Block143322439
Accumulated Depreciation274061
Net Fixed Assets116282377
CWIP 0891
Investments 03740
Inventories140242274
Trade Receivables234355470
Cash Equivalents 125475
Others Assets184498
Total Assets 5201,0211,425

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity 47-4917
PBT 112742
Adjustment 354156
Changes in Working Capital 4-108-70
Tax Paid -2-8-11
Cash Flow From Investing Activity -7-204-216
Capex -5-177-230
Net Investments -3-2817
Others 11-3
Cash Flow From Financing Activity -43269239
Net Proceeds from Shares 000
Net Proceeds from Borrowing 45359
Interest Paid -25-29-30
Dividend Paid 000
Others -62295210
Net Cash Flow -21640
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)10.9418.8914.65
ROCE (%)11.7713.6911.2
Asset Turnover Ratio1.411.191.24
PAT to CFO Conversion(x)5.88-2.720.55
Working Capital Days
Receivable Days11611799
Inventory Days707662
Payable Days8510189

EPACK Durable Ltd Stock News

EPACK Durable Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of EPACK Durable on 12-Apr-2024 10:20 is ₹187.7.
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-Apr-2024 10:20 the market cap of EPACK Durable stood at ₹1,764.6.
The latest P/E ratio of EPACK Durable as of 12-Apr-2024 10:20 is 57.84.
The latest P/B ratio of EPACK Durable as of 12-Apr-2024 10:20 is 1.60.
The 52-week high of EPACK Durable is ₹225.0 and the 52-week low is ₹150.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of EPACK Durable is ₹1,520 ( Cr.) .

About EPACK Durable Ltd

EPACK Durable Limited was incorporated on April 20, 2019, as ‘EPACK Durables Solutions Private Limited’ in Greater Noida, Uttar Pradesh, as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated May 6, 2019, issued by the Registrar of Companies, Uttar Pradesh at Kanpur (RoC), upon the conversion of M/s E-Vision, a partnership firm (constituted in 2005 pursuant to the partnership deed dated July 16, 2005), into a private limited company. Subsequently, pursuant to a resolution passed by its Shareholders in the extraordinary general meeting held on July 30, 2021, the name of the company was changed from ‘EPACK Durables Solutions Private Limited’ to ‘EPACK Durable Private Limited’, as part of the corporate rebranding of the Company to reflect the principal business being undertaken by the company, and consequently, a fresh certificate of incorporation dated September 17, 2021, was issued by the RoC to the company. Thereafter, the company was converted from a private limited company to a public limited company, pursuant to a resolution passed by its Shareholders in the extraordinary general meeting held on June 13, 2023, and the name of the Company was changed to ‘EPACK Durable Limited’, and a fresh certificate of incorporation dated June 28, 2023, was issued to the Company by the RoC.

The company is largest room air conditioner original design manufacturer (ODM) in India. It is a customer-centric business driven by a focus on continuing innovation and operational efficiency. Since 2003, it has been on a journey of evolution, where it initially started as an OEM for RAC brands. Driven by its focus on product development and innovation, it evolved into an ODM partner for RACs for its customers.

The company also identified the opportunity to increase its value addition in its offerings to customers, and accordingly, started manufacturing of various components such as sheet metal, injection moulded, cross flow fans and PCBA components which are actively used in the manufacturing of RACs. In parallel, it capitalised on its existing manufacturing infrastructure to strategically expand its operations in the small domestic appliances (SDA) market, particularly considering the seasonality of the demand for RACs, and currently design and manufacture induction cooktops, mixer-grinders, and water dispensers. This evidences its continued focus on the backward integration of its operations and diversification of its revenue streams. Its product portfolio currently comprises Room air conditioners, Small domestic appliances, Components etc. Its offerings showcase its ability to provide a wide range of product solutions and components across the RAC value chain.

Business area of the company 

The company is largest room air conditioner original design manufacturer (ODM) in India.

Products of the company

Room air conditioners

  • Window air conditioners (WAC)
  • Indoor units (IDUs)
  • Outdoor units (ODUs)

Small domestic appliances

  • Induction cooktops
  • Mixer grinder
  • Water dispensers

Components

Awards, accreditations or recognitions

  • 2022: ISO/IEC 17025:2017 accreditation for general requirements for the competence of testing and calibration laboratories received by the Company for Dehradun Unit I.
  • 2022: ISO 14001:2015 accreditation for environmental management system received by the Company for Dehradun Unit I, Dehradun Unit II, Dehradun Unit III and the Bhiwadi Manufacturing Facility and by its Subsidiary for Dehradun Unit IV.
  • 2022: ISO 9001:2015 accreditation for quality management system received by the Company for Dehradun Unit I, Dehradun Unit II, Dehradun Unit III and the Bhiwadi Manufacturing Facility and by its Subsidiary for Dehradun Unit IV.
  • 2022: ISO 45001:2018 accreditation for occupational health and safety management system received by the Company for Dehradun Unit I, Dehradun Unit II, Dehradun Unit III and the Bhiwadi Manufacturing Facility, and by its Subsidiary for Dehradun Unit IV.
  • 2023: ISO 14001:2015 accreditation for environmental management system, ISO 9001:2015 accreditation for quality management system and ISO 45001:2018 accreditation for occupational health and safety management system received by the Company for the Sri City Manufacturing Facility.

History and milestones

  • 2008: Set up its sheet metal press shop.
  • 2010: Commenced manufacturing of injection moulded components.
  • 2011: Commenced fabrication of copper tubing.
  • 2012: Commenced manufacturing of outdoor units as an original design manufacturer.
  • 2013: Commenced manufacturing of induction cooktops.
  • 2014: Commenced manufacturing i.e. original design manufacturing of window air conditioners.
  • 2015: Commenced manufacturing of heat exchangers.
  • 2017: Commenced manufacturing of water dispensers.
  • 2018: Commenced manufacturing of mixer grinders.
  • 2019: Commenced manufacturing of indoor units.
  • 2019: Commenced manufacturing of 5 mm heat exchangers.
  • 2021: Set up its Bhiwadi Manufacturing Facility.
  • 2022: Commenced manufacturing of cross flow fans.
  • 2023: Set up its Sri City Manufacturing Facility.

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