Past 10 year’s financial track record analysis by Moneyworks4me indicates that Uma Converter Ltd is a below average quality company.
The key valuation ratios of Uma Converter Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Uma Converter 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'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.3% | 9.6% | 7.1% | 7.3% | 8.1% | 4.9% | - |
| Value Creation Index ⓘ | -0.4 | -0.3 | -0.5 | -0.5 | -0.4 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 90.1 | 104 | 104 | 158 | 187 | 178 | 178 |
| Sales YoY Gr. | - | 15.8% | -0.8% | 52.7% | 18.3% | -5% | - |
| Adj EPS ⓘ | 2.6 | 3.3 | 2.1 | 2.8 | 3.2 | 0.5 | 0.5 |
| YoY Gr. | - | 26.4% | -34.7% | 29.1% | 15.6% | -84.3% | - |
| BVPS (₹) ⓘ | 15.7 | 19.5 | 22.4 | 25.9 | 28.7 | 29.7 | 30.2 |
| Adj Net Profit ⓘ | 3.3 | 4.2 | 3.1 | 4.1 | 4.7 | 1 | 1 |
| Cash Flow from Ops. ⓘ | 5.8 | 6 | 0 | -0.3 | 3.4 | -5.6 | - |
| Debt/CF from Ops. ⓘ | 6.4 | 6.5 | -2552.1 | -205.1 | 22.2 | -13.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 14.5% | 19.7% | -5% | ||||
| Adj EPS ⓘ | NA | -28% | -38.3% | -84.3% | ||||
| BVPSⓘ | NA | 13.6% | 9.9% | 3.4% | ||||
| Share Price | - | - | - | -24.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.2 | 15.2 | 9.2 | 10 | 10.3 | 1.8 | 1.8 |
| Op. Profit Mgn % ⓘ | 10.6 | 10.5 | 10.1 | 9.1 | 9.6 | 7.5 | 9.3 |
| Net Profit Mgn % ⓘ | 3.7 | 4 | 3 | 2.6 | 2.5 | 0.6 | 0.6 |
| Debt to Equity ⓘ | 1.8 | 1.6 | 1.7 | 1.7 | 1.8 | 1.2 | - |
| Working Cap Days ⓘ | 0 | 162 | 176 | 148 | 158 | 188 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 109 | 111 | 82 | 90 | 126 | 0 |
Sales growth is growing at healthy rate in last 3 years 19.73%
Debt to equity has declined versus last 3 years average to 1.22
Return on Equity has declined versus last 3 years average to 1.80%
Net Profit has been subdued in last 3 years -38.31%
Sales growth is not so good in last 4 quarters at 3.09%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.5 | - |
| TTM Sales (₹ Cr.) | 178 | - |
| BVPS (₹.) ⓘ | 30.2 | - |
| Reserves (₹ Cr.) ⓘ | 44 | - |
| P/BV ⓘ | 0.89 | - |
| PE ⓘ | 50.46 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 54.2 |
| Equity (₹ Cr.) | 20.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 20.1 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|
| Sales | 90.14 | 104.39 | 103.54 | 158.13 | 186.99 | 177.71 |
| Operating Expenses ⓘ | 80.57 | 93.40 | 93.10 | 143.83 | 169.04 | 164.41 |
| Manufacturing Costs | 9.56 | 9.98 | 11.69 | 11.32 | 15.42 | 16.83 |
| Material Costs | 64.04 | 75.50 | 72.63 | 112.80 | 132.25 | 127.85 |
| Employee Cost | 5.06 | 5.47 | 6.08 | 13.03 | 15.69 | 15.80 |
| Other Costs ⓘ | 1.91 | 2.45 | 2.70 | 6.69 | 5.68 | 3.94 |
| Operating Profit ⓘ | 9.57 | 10.99 | 10.44 | 14.30 | 17.95 | 13.30 |
| Operating Profit Margin (%) | 10.6% | 10.5% | 10.1% | 9.0% | 9.6% | 7.5% |
| Other Income ⓘ | 0.84 | 0.39 | 0.39 | 0.98 | 0.36 | 0.25 |
| Interest ⓘ | 2.62 | 3.06 | 3.71 | 4.74 | 6.62 | 7.72 |
| Depreciation ⓘ | 2.38 | 2.34 | 3.06 | 4.77 | 4.75 | 5.34 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 5.41 | 5.98 | 4.06 | 5.76 | 6.93 | 0.50 |
| Tax ⓘ | 1.82 | 1.69 | 0.83 | 1.31 | 2.12 | -0.58 |
| Profit After Tax | 3.58 | 4.29 | 3.22 | 4.45 | 4.82 | 1.07 |
| PAT Margin (%) | 4.0% | 4.1% | 3.1% | 2.8% | 2.6% | 0.6% |
| Adjusted EPS (₹) | 2.8 | 3.3 | 2.2 | 3.0 | 3.3 | 0.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 25.41 | 30.25 | 37.88 | 43.14 | 47.55 | 68.22 | ||||
| Share Capital ⓘ | 4.05 | 6.48 | 14.69 | 14.69 | 14.69 | 20.27 | ||||
| Reserves ⓘ | 21.36 | 23.77 | 23.19 | 28.45 | 32.85 | 47.95 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 33.37 | 36.05 | 52.48 | 59.59 | 65.24 | 63.97 | ||||
| Long Term Debt | 9.60 | 7.40 | 29.24 | 35.19 | 35.71 | 34.55 | ||||
| Short Term Debt | 23.77 | 28.65 | 23.24 | 24.39 | 29.53 | 29.41 | ||||
| Trade Payables | 9.98 | 11.19 | 13.70 | 26.06 | 23.17 | 17.19 | ||||
| Others Liabilities ⓘ | 7.70 | 8.73 | 8.55 | 11.53 | 16.27 | 14.76 | ||||
| Total Liabilities ⓘ | 76.46 | 86.22 | 112.61 | 140.32 | 152.22 | 164.14 | ||||
Fixed Assets | ||||||||||
| Gross Block | 43.97 | 45.21 | 76.81 | 88.42 | 94.33 | 95.61 | ||||
| Accumulated Depreciation | 19.31 | 21.59 | 24.65 | 25.80 | 30.16 | 35.50 | ||||
| Net Fixed Assetsⓘ | 24.66 | 23.62 | 52.16 | 62.62 | 64.17 | 60.11 | ||||
| CWIP ⓘ | 5.74 | 12.14 | 6.52 | 0.23 | 0.81 | 1.28 | ||||
| Investmentsⓘ | 0.15 | 0.15 | 0.24 | 0.24 | 0.24 | 0.24 | ||||
| Inventories | 23.44 | 26.40 | 31.47 | 46.65 | 62.16 | 65.35 | ||||
| Trade Receivables | 18.69 | 17.41 | 14.55 | 21.20 | 14.91 | 23.33 | ||||
| Cash Equivalents | 1.55 | 2.02 | 2.11 | 0.81 | 1.27 | 1.71 | ||||
| Others Assetsⓘ | 2.22 | 4.47 | 5.55 | 8.56 | 8.67 | 12.13 | ||||
| Total Assets ⓘ | 76.46 | 86.22 | 112.61 | 140.32 | 152.22 | 164.14 | ||||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5.83 | 6.01 | -0.02 | -0.32 | 3.35 | -5.60 |
| PBT ⓘ | 5.41 | 5.98 | 4.06 | 5.76 | 6.93 | 0.50 |
| Adjustment ⓘ | 4.58 | 4.96 | 6.39 | 8.91 | 9.61 | 12.50 |
| Changes in Working Capital ⓘ | -1.27 | -1 | -6.03 | -14.02 | -12.08 | -19.22 |
| Tax Paid ⓘ | -0.50 | -1.10 | -0.97 | -0.96 | -1.12 | 0.61 |
| Cash Flow From Investing Activity ⓘ | -7.86 | -7.61 | -26.06 | -7.02 | -7.92 | -4.52 |
| Capex | -7.98 | -7.69 | -25.98 | -7.50 | -6.90 | -1.75 |
| Net Investments | 0 | 0 | -0.09 | 0.31 | -1.09 | -0.03 |
| Others ⓘ | 0.12 | 0.09 | 0 | 0.17 | 0.08 | -2.74 |
| Cash Flow From Financing Activityⓘ | 1.88 | 2.07 | 26.18 | 7.69 | 3.95 | 10.53 |
| Net Proceeds from Shares ⓘ | 2.70 | 0 | 4.34 | 0 | 0 | 18.41 |
| Net Proceeds from Borrowing ⓘ | -0.82 | 2.07 | 21.84 | 11.58 | 0.52 | -1.16 |
| Interest Paid ⓘ | 0 | 0 | 0 | -3.89 | -4.93 | -6.98 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 8.36 | 0.25 |
| Net Cash Flow ⓘ | -0.15 | 0.48 | 0.09 | 0.35 | -0.62 | 0.41 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.6 | 18.84 | 11.11 | 12.55 | 12 | 2.1 | ||||
| ROCE (%) | 13.98 | 14.83 | 10.23 | 11 | 12.32 | 6.57 | ||||
| Asset Turnover Ratio | 1.21 | 1.28 | 1.04 | 1.25 | 1.28 | 1.12 | ||||
| PAT to CFO Conversion(x) | 1.63 | 1.4 | -0.01 | -0.07 | 0.7 | -5.23 | Working Capital Days | |||
| Receivable Days | 74 | 63 | 56 | 41 | 35 | 39 | ||||
| Inventory Days | 92 | 87 | 102 | 90 | 106 | 131 | ||||
| Payable Days | 57 | 51 | 63 | 64 | 68 | 58 | ||||
Uma Converter Limited (“Company” or “Issuer”) was originally incorporated as ‘‘Uma Converter Private Limited’ on June 18, 1999 as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Pursuant to a special resolution of its Shareholders passed in the 19th annual general meeting held on August 29, 2018 the Company was converted from a private limited company to a public limited company and consequently the name of the Company was changed to ‘Uma Converter Limited’, and a fresh certificate of incorporation dated September 27, 2018 was issued to the Company by the Registrar of Companies, Gujarat at Ahmedabad.
The company was incorporated as a private limited company in 1999, with the business to manufacture flexible packaging material in its manufacturing unit situated at Gandhinagar, Gujarat. The company is engaged in manufacturing flexible packaging material which is multi-functional and caters to the packaging requirements of various industries. The company’s products are crafted out of an extensive range of industry approved materials such as polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, bio-degradable films, etc. Since, flexible packaging material predominantly consists of plastic as a major raw material, it aims to manufacture its products sustainably by aiming towards “Reuse, Recycle and Upcycle”. In order to ensure that its manufacturing operations remain sustainable, it has executed various memorandums of understanding with third parties for collection, segregation, transportation, recycling and disposal of plastic waste. The company has also executed a service agreement with Ambuja Cements Limited for disposal of plastic waste in an environmentally friendly manner in the cement kiln process at high temperatures and long residence time, while simultaneously manufacturing cement of desired quality. It has obtained necessary licenses and approvals and have made applications seeking approval for using plastic in its manufacturing process in both its manufacturing units.
The company’s integrated business model provides all packaging solutions to its customers by researching and developing suitable packaging material, creating designs suitable to the nature of the product and manufacturing the final packaging material. The company’s Research and Development division (R&D Division) is equipped with the necessary facilities to carry out all necessary trials to develop and devise packaging material suitable to the nature of the product and the requirement of the various domestic and international packaging regulations and standards. The company’s team of experts employed in the R&D Division carry out various tests in its in-house R&D laboratory on the nature and reactivity of the packaging material to ensure the quality of its products and compliance with the customer requirements and regulatory standards.
Business area of the company
The company has been the leading manufacturer and exporter of quality Flexible Packaging Material offering wide range of customized packaging solutions for various industries such as food, beverages, pharmaceuticals, personal care and many more. The company’s product portfolio largely consists of multi-color pouches, stand-up pouches, zip-lock pouches, vacuum pouch, paper bag, e-commerce bag, etc. Over the years, it has offered cost effective and customized flexible packaging solutions in accordance with the standardized sizes, designs of the customer requirements, coherent with the latest technological advances within the industry. It manufactures packaging material suitable for packaging products manufactured in food and beverage industry, e-commerce industry, pharmaceutical industry, hygiene and personal-care industry, household industry and agricultural industry. The company’s customers are mainly manufacturers functioning in the aforementioned industries.
Awards and Accreditations
Major Events and Milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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