AGI Greenpac Ltd - Stock Valuation and Financial Performance

BSE: 500187 | NSE: AGI | Packaging | Small Cap

AGI Greenpac Share Price

813.75 -20.85 -2.50%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on AGI Greenpac

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

AGI Greenpac stock performance -

mw4me loader
P/E Ratio (SA):
18.63
Market Cap:
5,264.8 Cr.
52-wk low:
359.2
52-wk high:
1,088

Is AGI Greenpac Ltd an attractive stock to invest in?

1. Is AGI Greenpac Ltd a good quality company?

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

2. Is AGI Greenpac Ltd undervalued or overvalued?

The key valuation ratios of AGI Greenpac Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is AGI Greenpac Ltd a good buy now?

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

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.
AGI Greenpac 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.2%7.1%6.8%5.8%4.7%2.4%5.3%5.9%4.6%12.2%-
Value Creation
Index
-0.6-0.5-0.5-0.6-0.7-0.8-0.6-0.6-0.7-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7461,8571,9592,0722,2501,6051,8591,2601,4302,2812,476
Sales YoY Gr.-6.3%5.5%5.7%8.6%-28.7%15.9%-32.2%13.5%59.6%-
Adj EPS 9.714.615.614.4112.48.916.513.640.143.7
YoY Gr.-50.8%6.6%-8%-23.6%-78.3%275.6%84.5%-17.5%194.6%-
BVPS (₹) 169.8198.6191.9200.6206173.7173.9190.7215.2248.3272.2
Adj Net
Profit
64.110611310479.317.264.610788.1259283
Cash Flow from Ops. 18426631020557.7250107349181523-
Debt/CF from Ops. 62.824.521.33.59.32.66.41.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3%0.3%7.1%59.6%
Adj EPS 17.1%29.6%64.9%194.6%
BVPS4.3%3.8%12.6%15.4%
Share Price 19.2% 24.1% 74% 116.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.88.387.35.41.35.18.66.717.316.8
Op. Profit
Mgn %
1618.516.814.112.111.31621.118.820.923.9
Net Profit
Mgn %
3.75.75.853.51.13.58.56.211.411.4
Debt to
Equity
10.50.50.60.80.70.80.70.80.5-
Working Cap
Days
19019218217716824116927029617578
Cash Conv.
Cycle
11712111810999143881341085426

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.80%

Net Profit is growing at healthy rate in last 3 years 64.90%

Debt to equity has declined versus last 3 years average to 0.46

Sales growth is good in last 4 quarters at 23.61%

Sales growth has been subdued in last 3 years 7.06%

Latest Financials - AGI Greenpac Ltd.

Standalone Consolidated
TTM EPS (₹) 43.7 10.8
TTM Sales (₹ Cr.) 2,476 2,712
BVPS (₹.) 272.2 0
Reserves (₹ Cr.) 1,748 1,498
P/BV 2.99 0.00
PE 18.63 75.16
From the Market
52 Week Low / High (₹) 359.15 / 1088.00
All Time Low / High (₹) 3.18 / 1088.00
Market Cap (₹ Cr.) 5,265
Equity (₹ Cr.) 12.9
Face Value (₹) 2
Industry PE 19.1

Management X-Ray of AGI Greenpac:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of AGI Greenpac

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
Sales1,7461,8571,9592,0722,2501,6051,8591,2601,4302,281
Operating Expenses 1,4791,5161,6361,7821,9771,4311,6009941,1671,822
Manufacturing Costs546462425458520555569426554750
Material Costs583660750804889611690383394762
Employee Cost 157179247286309201227127141173
Other Costs 193214214234259651135878138
Operating Profit 267341323289272173259266262459
Operating Profit Margin (%) 15.3%18.4%16.5%14.0%12.1%10.8%14.0%21.1%18.4%20.1%
Other Income 44145103932144428
Interest 68744133565973332857
Depreciation 1061191141111141311439599126
Exceptional Items 0000-700000
Profit Before Tax 981521821501062275153179304
Tax 4148664731727386355
Profit After Tax 56104116103751548115117249
PAT Margin (%) 3.2%5.6%5.9%5.0%3.3%1.0%2.6%9.1%8.2%10.9%
Adjusted EPS (₹)8.514.416.114.310.32.16.717.718.038.5
Dividend Payout Ratio (%)35%24%25%28%39%142%45%23%28%13%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1,1211,4361,3871,4501,4891,2561,2571,2341,3921,607
Share Capital 13141414141414131313
Reserves 1,1081,4211,3731,4361,4751,2421,2421,2211,3791,594
Minority Interest0000000000
Debt9205455018211,1608559378041,024619
Long Term Debt547357208317523703729675864562
Short Term Debt37218829250463715220912916057
Trade Payables137129154197217186195230217260
Others Liabilities 641731612620609541479588646634
Total Liabilities 2,8192,8412,6543,0883,4752,8382,8682,8563,2793,119

Fixed Assets

Gross Block2,0392,2301,6271,7462,0162,2772,3142,5301,5852,056
Accumulated Depreciation552670113223335434494698467680
Net Fixed Assets1,4871,5601,5141,5231,6811,8421,8201,8311,1191,376
CWIP 11934631522091173331304141
Investments 13314433140352012112111
Inventories406436490492564291408436302328
Trade Receivables409407388397514323293317306343
Cash Equivalents 58241914424039472359279
Others Assets2062371482402322062552061,169642
Total Assets 2,8192,8412,6543,0883,4752,8382,8682,8563,2793,119

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 18426631020558250107349181523
PBT 981521821501062275115257321
Adjustment 17318614814516118423417192179
Changes in Working Capital -71-3451-17-17560-19631-123117
Tax Paid -16-39-71-73-34-16-531-45-95
Cash Flow From Investing Activity -208-96-69-328-186-285-115-108-348222
Capex -188-87-75-329-188-287-97-122-461-279
Net Investments -22-1200000000
Others 227122-1815113501
Cash Flow From Financing Activity 4-205-245248224-63-2-262203-554
Net Proceeds from Shares 024500000000
Net Proceeds from Borrowing 52-167010417916839-13227-348
Interest Paid -68-75-43-33-52-58-72-66-29-70
Dividend Paid -20-20-25-29-29-29-21-22-26-32
Others 39-187-177206126-14451-16131-104
Net Cash Flow -21-35-412496-97-11-2136190
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.088.158.247.265.091.113.859.228.8816.59
ROCE (%)7.6810.2510.638.376.363.356.778.488.8514.77
Asset Turnover Ratio0.690.710.770.780.810.510.650.440.470.71
PAT to CFO Conversion(x)3.292.562.671.990.7716.672.233.031.552.1
Working Capital Days
Receivable Days74746964639560887952
Inventory Days747780817397681229450
Payable Days8473698085120101203207114

AGI Greenpac Ltd Stock News

AGI Greenpac Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of AGI Greenpac on 12-Apr-2024 16:59 is ₹813.8.
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 16:59 the market cap of AGI Greenpac stood at ₹5,264.8.
The latest P/E ratio of AGI Greenpac as of 12-Apr-2024 16:59 is 18.63.
The latest P/B ratio of AGI Greenpac as of 12-Apr-2024 16:59 is 2.99.
The 52-week high of AGI Greenpac is ₹1,088 and the 52-week low is ₹359.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of AGI Greenpac is ₹2,476 ( Cr.) .

About AGI Greenpac Ltd

AGI Greenpac was incorporated as Hindustan Twyfords in 1960 by the Somany family (promoter group) in collaboration with Twyfords, UK, to introduce vitreous china ceramic sanitaryware in India. The Company changed its name to Hindustan Sanitaryware & Industries in 1969 and has since been popularly known as ‘HSIL’. In March 2009, the company name changed to HSIL. On May 11, 2022, the company’s name has been changed to AGI Greenpac.

The company’s pioneering zeal and its pursuit of excellence have been the defining traits of its journey over the years. It has been its steadfast ambition to deliver only the best, and this holds true when it comes to the Packaging Products business.

The company entered the venture in 1981, with the acquisition of ‘The Associated Glass Industries Limited’ (AGI), and diversified into the manufacturing of PET bottles with the acquisition of Garden Polymers Private Limited (GPPL) in 2011.

The company commenced the production of security caps and closures under the brand ‘AGI Clozures’ since 2018, further bolstering its portfolio with patented and technologically superior products that prevent counterfeiting of packaged products in liquor and edible oil industries. It has relied on its deep industry knowledge, top engineering calibre, design excellence and technology adoption to deliver products which are world class and cater to consumer needs across industries.

Business area of the company

The company is engaged in the production of various packaging products including glass containers, speciality glass products, polyethylene terephthalate (PET) bottles and products, and security caps and closures. Over the years, its state-of-the-art manufacturing capabilities and its concerted efforts to deliver a wide range of best in-class products have enabled its to consolidate its position among the top packaging products companies in the country and as a leader in glass container packaging.

Certifications

  • DMF - Quality Assurance for supply to US pharmaceutical market
  • ISO 15378:2011 and 2017 - Quality Management System to provide primary packaging material for medicinal products
  • FSSC 22000 - Food Safety System
  • ISO 9001:2008 and 2015 - Quality Management System
  • ISO 14001:2015 - Environment Management System
  • OHSAS 18001: 2007 - Occupational Health and Safety Management System

Manufacturing Output

AGI Glaspac

  • Soft drink
  • Beer
  • Liquor
  • Wine
  • Pharma
  • Chemicals
  • Retail
  • FMCG
  • Cosmetics
  • Perfumery

AGI Plastek

  • PET bottles
  • High Density Polyethylene (HDPE) bottles
  • Polypropylene (PP) products

AGI Clozures

  • Counterfeit-resistant security caps and closures

Awards

FY2018-19

  • Moonbow by Hindware was awarded the title of ‘The Extraordinaire Brand, 2018’ by Nexbrands Inc. in February 2019.
  • Moonbow was also awarded ‘The Economic Times Best Lifestyle Brand, 2018’ award in February 2019. This acknowledged Moonbow as a class-leading lifestyle brand that represents all things modern, smart, aesthetically appealing and futuristic.

FY2019-20

  • Double Gold at SIP Awards, California for Labrodog and Three Monkeys Whiskey.
  • Recognised as Strategic Partner and Most Innovative Designs by ABInBev.
  • Bhongir plant secured 5-star rating at CII - SR EHS Excellence Awards, 2019.
  • Hyderabad plant awarded 4-star rating at CII - SR EHS Excellence Awards, 2019.
  • Nestle India awarded ‘Valued Supply Partner’ and membership of the ‘Golden Circle’.
  • ‘A’ category supplier by GSK Pharma

FY2020-21

  • AGI Glaspac-Hyderabad Unit won the Best Safety Systems Excellence Awards from FICCI.
  • AGI Clozure won ‘Excellence in Product Innovation’ Award from the Federation of Telangana Chambers of Commerce and Industry- FTCCI Excellence Awards-2019.

FY2021-22

  • Received National Feather Awards in ‘Best in Class Manufacturing Award - Glass Manufacturing’.
  • Bhongir plant was awarded ‘The Golden Peacock Environment Management Award’.
  • Received SADEX/SMETA certification for its Dharwad plant.
  • Great Place to Work Certification.

History and milestones

  • 1960:  Hindustan Sanitaryware & Inds Ltd (HSIL) was incorporated as Hindustan Twyfords Ltd in 1960 by the Somany Group in collaboration with Twyfords, Ltd., UK., to introduce Vitreous China Ceramic Sanitaryware for the first time in India.
  • 1962:  Sanitaryware plant was commissioned at Bahadurgarh and the plant was inaugurated by the then Chief Minister of Punjab Sardar Kairon.
  • 1981:  HSIL acquired Associated Glass Industries Limited (AGI), a loss making and closed company at Hyderabad.
  • 1989:  HSIL acquired Krishna Ceramics Ltd, manufacturers of Sanitaryware at Bibinagar (AP), a loss making company
  • 1990:  HSIL installs first state of the art open flame tunnel kiln from UK to bring in the latest technology for firing of Sanitaryware.
  • 1998:  HSIL receives Quality Management Systems certification. ISO 9002 
  • 1999: Rated one of Forbes Global 100 Best Small & Medium Companies (Revenues less than U.S.$500 million per annum).  1999:  HSIL acquired Raasi Ceramics at Hyderabad to further strengthen its market share in the South
  • 1999:  HSIL receives Environment Management Systems EN ISO 14001
  • 2001 HSIL receives Quality Management Systems certification. ISO 9001:2000.
  • 2003:  HSIL signs a strategic partnership with Sanitec of Europe to bring in their largest selling European brand 'KERAMAG' to India.
  • 2003:  HSIL receives OHSAS 18001: 1999 certifications.
  • 2004:  HSIL is awarded 'Business Superbrand ' by the super Brand Council.
  • 2005:  HSIL voted the fastest growing building products company in sanitaryware & tiles category by Construction World Magazine 
  • 2006:  HSIL signs strategic partnership with 'TEUCO' the world leaders in Wellness Products to offer complete range of wellness products in India.
  • 2006:  Trusted by millions of household, Hindware awarded ‘Consumer Validated Super brand’ status. Award given by London based brand institute. Hindware is awared 'Consumer Superbrand' by the Super Brand Council.
  • 2006:  Hindware receives the 'Mera Brand Award' - Indias Most preferred brand.
  • 2006:  Hindware rated 75th amongst “The 100 most valuable brands in India” by the 4P’s journal (the only bathroom brand in this selection).
  • 2007:  HSIL forays, through its subsidiary - Hindware Home Retail Pvt Ltd, into the retail sector. Launches Home Interior Fashion Mega stores providing speciality home interior solutions under the EVOK Brand.
  • 2007:  HSIL figures Most Admired 100 companies list by 4P B&M magazine.
  • 2007:  Hindware rated 75th amongst “The 100 most valuable brands in India” by the 4P’s journal (the only bathroom brand in this selection). 
  • 2007:  Hindware Receives Readers Digest Trusted Brand GOLD Award.
  • 2007:  HSIL voted the fastest growing building products company in sanitaryware & tiles category by Construction World Magazine 3 years continuously 2005-07. 
  • 2008:  The first EVOK store is opened at Faridabad, Haryana.
  • 2008:  The Second EVOK store gets started at Delhi.
  • 2008:  Hindware Receives Readers Digest Trusted Brand GOLD Award.
  • 2008:  Hindware Poncho Design for Kids awarded the Elle Decor International Design Award.
  • 2009:  HSIL sets up second green field container glass factory at Bhongir, Andhra Pradesh with a production capacity of 425 tonnes/ day.
  • 2009:  Hindustan Sanitaryware & Inds Ltd is renamed as HSIL LIMITED   2009:  'Hindware Lacasa' the companys First brand store opens at Cochin. 
  • 2009:  Trusted by millions of household, Hindware awarded ‘Consumer Validated Super brand’ status. Award given by London based brand institute. Hindware is awared 'Consumer Superbrand' by the Super Brand Council Only sanitaryware brand to get the award
  • 2009:  Hindware Receives Readers Digest Trusted Brand PLATINUM Award, Only Sanitaryware Company to get the Platinum Award
  • 2009:  HSIL wins the Golden Peacock Environment Management Award.  2009:  EVOK opens it next store at Gurgaon and Gaziabad
  • 2009:  'Hindware Lacasa' the companys second brand store opens at Mumbai.
  • 2010: HSIL - Acquisition in UK.
  • 2011: Hind Sanitry - Share Purchase Agreement with M/s Garden Poly.- Hindware launches a vibrant new Identity.
  • 2012: Became the first Indian company to be felicitated with the UPC star rating by the International Association of Plumbing and Mechanical officials (IAPMO).
  • 2013: Honoured with the ‘Best Bathroom Fixtures’ Good Homes Award by ZEE channel.
  • 2018-19: Launched two new air coolers - Snowcrest 24 HG and Snowcrest 23 HO to cater to modern, e-commerce and general trade. These launches took the total SKU’s to 26.
  • 2018-19: Launched brand Hindware Calisto, in alliance with e-commerce major, Flipkart.
  • 2019-20: Installed robotic system to increase efficiency and consistency that further enhance the quality of the products.
  • 2019-20: Set up pressure casting machines for wash basins, increasing productivity in terms of effective space utilisation, and lowering dependence on manual labour.
  • 2020-21: Received SADEX/SMETA certification for Selaqui plant.
  • 2021-22: Commissioned a new cullet sorting machine at Bhongir to improve cullet quality and availability, which would enable it to increase the usage of cullet in the furnace from 35% to 45%.
  • 2021-22: Inaugurated 996.96 kWp grid-connected rooftop solar power unit at its Hyderabad plant on 8 May 2021; it is expected to generate 1,348 MWh/year solar power and help reduce 804 tonnes of CO2 emission/year.
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