Repro India Ltd - Stock Valuation and Financial Performance

BSE: 532687 | NSE: REPRO | Printing And Publishing | Small Cap

Repro India Share Price

839.05 17.40 2.12%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Repro India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Repro India stock performance -

mw4me loader
P/E Ratio (SA):
141.36
Market Cap:
1,174.7 Cr.
52-wk low:
372.6
52-wk high:
994

Is Repro India Ltd an attractive stock to invest in?

1. Is Repro India Ltd a good quality company?

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

2. Is Repro India Ltd undervalued or overvalued?

The key valuation ratios of Repro India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Repro India Ltd a good buy now?

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

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.
Repro India 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 % 11.2%6.3%1.2%3.2%9.5%8.1%5.9%-8.2%-4.7%4.3%-
Value Creation
Index
-0.2-0.6-0.9-0.8-0.3-0.4-0.6-1.6-1.3-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 421395375294233289278105196297321
Sales YoY Gr.--6.1%-5.2%-21.6%-20.8%23.9%-3.7%-62.4%87.6%51.3%-
Adj EPS 28.216.2-7.91.725.120.713.7-34.4-18.85.45.8
YoY Gr.--42.6%-148.7%NA1343.7%-17.7%-33.7%-350.8%NANA-
BVPS (₹) 189.2186.2175.4163.2215.1202.3238.7204.1202207.6261.6
Adj Net
Profit
30.817.7-8.61.928.923.816.6-41.6-23.96.88
Cash Flow from Ops. 22.129.670.412.553.714.449.657.324.719.6-
Debt/CF from Ops. 9.76.72.517.92.59.82.61.82.63.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.8%5%2.2%51.3%
Adj EPS -16.8%-26.6%-26.8%NA
BVPS1%-0.7%-4.6%2.8%
Share Price 18% 8% 34.3% 122.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.58.6-4.3113.29.46.2-15.3-9.32.52.5
Op. Profit
Mgn %
16.611.26.27.29.77.615.4-2.86.413.713.7
Net Profit
Mgn %
7.34.5-2.30.712.48.26-39.8-12.22.32.6
Debt to
Equity
110.91.30.50.60.40.40.30.3-
Working Cap
Days
22827630931629723423250022016379
Cash Conv.
Cycle
1141371391351301231433521338144

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.50%

Sales growth is good in last 4 quarters at 16.04%

Sales growth has been subdued in last 3 years 2.22%

Net Profit has been subdued in last 3 years -26.83%

Latest Financials - Repro India Ltd.

Standalone Consolidated
TTM EPS (₹) 5.8 9.9
TTM Sales (₹ Cr.) 321 473
BVPS (₹.) 261.6 268.9
Reserves (₹ Cr.) 360 370
P/BV 3.14 3.06
PE 141.36 83.37
From the Market
52 Week Low / High (₹) 372.60 / 993.95
All Time Low / High (₹) 42.30 / 993.95
Market Cap (₹ Cr.) 1,175
Equity (₹ Cr.) 14.3
Face Value (₹) 10
Industry PE 14.4

Management X-Ray of Repro India:

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 Repro India

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
Sales421395375294233289278105196297
Operating Expenses 353351352273210267236108184256
Manufacturing Costs46514842333430142226
Material Costs20921221016912515814556107165
Employee Cost 40454435322926222929
Other Costs 58435027214635162635
Operating Profit 68442321232142-41241
Operating Profit Margin (%) 16.1%11.1%6.2%7.2%9.7%7.3%15.2%-3.4%6.2%13.7%
Other Income 5137731231111
Interest 19121915121110141111
Depreciation 17191913131418272623
Exceptional Items 0000000000
Profit Before Tax 3726-80291915-44-247
Tax 770-2-1-5-2-200
Profit After Tax 3020-82302316-42-247
PAT Margin (%) 7.1%5.0%-2.1%0.8%13.0%8.1%5.9%-40.1%-12.2%2.4%
Adjusted EPS (₹)27.218.1-7.32.226.320.413.5-34.6-18.85.5
Dividend Payout Ratio (%)37%55%-41%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 208205191178247233289247257264
Share Capital 11111111111112121313
Reserves 197194180167236221276235244252
Minority Interest0000000000
Debt183196170200109131116885751
Long Term Debt44454448242323562038
Short Term Debt1391521261528510894313713
Trade Payables26403828223826232839
Others Liabilities 71679815241743643555
Total Liabilities 487508497421403419475421377409

Fixed Assets

Gross Block288266278227237266309356338357
Accumulated Depreciation9990109132542577592115
Net Fixed Assets189177169214212223252282246242
CWIP 10441147848
Investments 4445555556
Inventories34243332334539283955
Trade Receivables1411701428278107102735361
Cash Equivalents 17282235664
Others Assets10113013783723424192432
Total Assets 487508497421403419475421377409

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 22307013541450572520
PBT 3726-80291915-44-247
Adjustment 25243527-42633383240
Changes in Working Capital -32-1646-1329-2936015-29
Tax Paid -8-5-3-10-2-1322
Cash Flow From Investing Activity -26-19-12-72-26-54-8-6-18
Capex -27-23-15-12-7-25-52-9-6-18
Net Investments 00000-1-2000
Others 1435900000
Cash Flow From Financing Activity 19-39-52-14-55124-48-18-2
Net Proceeds from Shares 0000390300300
Net Proceeds from Borrowing -2-3067-25-1033-3625
Interest Paid -12-9-19-15-12-10-8-10-7-7
Dividend Paid -11-11-11-3000000
Others 4510-28-3-5723-18-72-5-20
Net Cash Flow 15-286-810010-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.999.65-4.061.2714.219.776.26-15.65-9.492.68
ROCE (%)14.289.292.8410.357.676.12-7.66-3.725.27
Asset Turnover Ratio0.910.790.750.640.570.70.620.230.490.76
PAT to CFO Conversion(x)0.731.5N/A6.51.80.613.13N/AN/A2.86
Working Capital Days
Receivable Days12314415213912511713830711870
Inventory Days242728405150561186258
Payable Days555768717370821598573

Repro India Ltd Stock News

Repro India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Repro India on 12-Apr-2024 10:20 is ₹839.0.
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 Repro India stood at ₹1,174.7.
The latest P/E ratio of Repro India as of 12-Apr-2024 10:20 is 141.4.
The latest P/B ratio of Repro India as of 12-Apr-2024 10:20 is 3.14.
The 52-week high of Repro India is ₹994.0 and the 52-week low is ₹372.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Repro India is ₹320.9 ( Cr.) .

About Repro India Ltd

Repro India was originally formed as a partnership firm under the name and style of Repro under an original Partnership Deed dated July 23, 1984 which was subsequently modified by the Partnership Deed dated May 1, 1991. Subsequently, the partnership firm was incorporated at Mumbai in the State of Maharastra on April 1, 1993 as Repro Press Private Limited under Part IX of the Companies Act, 1956. With effect from February 9, 1995, it changed its name to Repro India Private Limited. With effect from February 14, 1995 we changed its name to Repro India Limited.

The company was established to carry on the business of printing and to act as Job printers, Lithographers, Stereotypers, electrotypers, photographic printers, book binders, block makers, type founders, art printers, photolithographers, chromolithographers, engravers, embossers, numerical printers, pre-press designing, art works, photo composing, die-sinkers, die-stampers, envelope manufacturers, machine rules, graphic designs and electronic pre-press including digital manipulation of texts, graphics and images, post press including all types of finishing and binding, offset printing, colour offset printing, multi-colour printing, including printing of Annual Reports, Brochures, Computer Manuals, Leaflets, House Journals, Corporate Manuals, festive complimentary and fancy cards.

Repro India is India’s  most integrated print solution company.Their infrastructure near the Port of Mumbai one of the most modern in India.

Equipped with state of art web, sheet fed and Print on Demand presses, the facility is spread across 150,000 sq feet. And has been designed to handle volume – right from pre-press, to print, to dispatch and inventory management.This facility can print right from a single book, to a million copies.

Repro has invested close to $10 million to set up a 5000 sq mt state-of-art facility at Surat in a Special Economic Zone (SEZ) to give a further focus to its export. The facility has a combination of web presses, sheet fed presses with complementary CTP and binding lines to meet the demand. This is further supported by a battery of inline hologram & label pasting and shrink wrapping machines.

Repro’s head office is located at the heart of Mumbai’s commercial district. It is home to the company’s think tank, comprising its senior management.  It’s location in Mumbai gives it access to India’s best minds in business.

Their investment strategy has always put its customer first, and they have made investments in print technology that adds tremendous value to books – from time and price aspect. Right from CTP, to high speed print, from on-line punching, to economies of scale, it makes sure it has the technology to deliver the best quality books.

In 2011 Repro India acquired Macmillan's Printing Operations in India
Repro India awarded the Capexil award for the fifth time.
Repro is now India's first print solutions company to be awarded FORGA PSO Certifiaction.

Products range of the company includes:

  • Educational Books
  • Children's Books
  • Catalogues and Magazines
  • Annual Reports

Services:

  • Design
  • Pre-Press
  • Web Press 
  • Sheet-Fed
  • Print on Demand
  • Post Press
  • Logistics

The clients of the company include:

Tata Steel, Godrej, Cognos, HP, IBM, IIHT, Infosys, HUL, Macmillan, Wipro, Oxford University Press, Alligator Books ltd, Automn Publishing, Holland Publishing and many more.

Achievements/recognition:   

  • The ISO 9000 – 2001 Certification . 
  • The Hasbro Certification.
  • The Disney Certification. 
  • The Mattel Certification. 
  • Dollar General Certification. 
  • SEDEX Certification. 
  • TESCO Certification.
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