Ester Industries Ltd Stock Analysis

BSE: 500136 | NSE: ESTER | Plastic Products | Small Cap

BSE Share Price 09-Dec-2022 12:33
142.35 2.60 (1.86%)

DeciZen - Make an Informed Decision on Ester Inds

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Ester Inds Price Chart

P/E Ratio (SA) :
10.60
Market Cap :
1,165.4 Cr.
52-wk low :
112.5
52-wk high :
190
Bole Toh?

1. Is Ester Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ester Industries Ltd is a average quality company.

2. Is Ester Industries Ltd undervalued or overvalued?

The key valuation ratios of Ester Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Ester Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ester Industries 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 Ester Inds:

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.
Ester Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 2.4%5.9%5.2%5.2%2%4.8%9.7%20.5%24.1%18.5%-
Value Creation Index -0.8-0.6-0.6-0.6-0.9-0.7-0.30.50.70.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8869288967717038071,0281,0399921,4061,382
YoY Gr. Rt. %-4.8%-3.5%-14%-8.8%14.8%27.4%1%-4.5%41.7%-
Adj EPS -0.91.40.70.6-1.40.63.811.81716.513.2
YoY Gr. Rt. %-NA-51.1%-7.4%-323.8%NA519.4%207%44.5%-3.4%-
BVPS (₹) 40.341.241.934.633.23437.748.96275.393.8
Adj Net Profit -5.88.74.35.2-11.75.23298.4142137110
Cash Flow from Ops. 22.652.167.781.449.650.911717215178.9-
Debt/CF from Ops. 12.95.84.83.56.362.10.91.44.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.3%14.9%11%41.7%
Adj EPS NANA62.4%-3.4%
BVPS 7.217.825.921.5
Share Price 23% 31.1% 66.9% 10.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -2.23.31.61.9-4.11.910.727.230.72415.6
Op. Profit Mgn % 5.18.48.19.36.18.210.718.423.917.315.3
Net Profit Mgn % -0.70.90.50.7-1.70.63.19.514.39.88
Debt to Equity 1.21.21.311.11.10.80.40.40.50.2
Working Cap Days 949710512012512210198116107180
Cash Conv. Cycle 72788394101967972797488

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.99%

Net Profit is growing at healthy rate in last 3 years 62.44%

Sales growth is good in last 4 quarters at 29.00%

Return on Equity has declined versus last 3 years average to 15.60%

Latest Financials - Ester Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 13.2 27.9
TTM Sales (₹ Cr.) 1,382 1,380
BVPS (₹.) 93.8 92.6
Reserves (₹ Cr.) 740 730
P/BV 1.49 1.51
PE 10.60 5.01
From the Market
52 Week Low / High (₹) 112.50 / 190.00
All Time Low / High (₹) 0.85 / 190.00
Market Cap (₹ Cr.) 1,165
Equity (₹ Cr.) 41.7
Face Value (₹) 5
Industry PE 20.6

Management X-Ray of Ester Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *10.149.769.369.369.369.369.369.369.360.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ester Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Ester Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ester Inds on 09-Dec-2022 12:33 is : 142.3.
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 09-Dec-2022 12:33 the market cap of Ester Inds stood at ₹ 1,165.4.
The latest PE ratio of Ester Inds as of 09-Dec-2022 12:33 is 10.60.
The latest PB ratio of Ester Inds as of 09-Dec-2022 12:33 is 1.49
The 52-week high of Ester Inds is ₹ 190.0 and the 52-week low is ₹ 112.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Ester Inds is ₹ 1,382 ( Cr.) .

About Ester Industries Ltd

Ester Industries Limited was incorporated in India in 1985. It is a widely held limited liability company. The main business activities are production and marketing of versatile ranges of polyester films and engineering plastics.

The main business activities of the company are production and marketing of versatile ranges of polyester films and engineering plastics. In its integrated manufacturing facilities Ester produces polyester resins of various types, having different physical and chemical properties. These resins are also captively used by Ester for manufacturing polyester films and engineering plastics.

Its premium quality products are backed by inbuilt statistical and analytical technique based processes and a strong research & development oriented system. Continuous upgradation of technology, customer focused marketing and technical services, are the company's other inherent strengths.

Ester produces a range of Bi-axially Oriented Polyester Films on two state-of-the-art production lines. UMAPet films have high tensile & dielectric strength, good chemical & thermal stability & excellent optical and electrical properties as well as processability at the users' end. The entire process of film production, including slitting & packing is performed in a dust free & clean environment. UMAPet is available in a wide variety suitable for a number of applications.

Estoplast engineering plastic is a range of high performance thermoplastic resins. This covers crystalline, amorphous and specialty polymers like polyesters, polyamides, polycarbonates. Estoplast is popular among our customers due to the suitable and consistent quality, wide and effective distribution reach & prompt technical assistance. Ester caters to specific applications and customer requirements. Estoplast is tailor made for this purpose. Estoplast range of products is supported by a dynamic team, which provides assistance in selection of the most suitable formulations for specific applications.

In 2010 the company announced setting up of a Polyester Film Line of 30,000 MTPA capacity at an estimated capital expenditure of Rs. 175 Crores.
Installation of Continuous Polymerization (CP) plant & Additional Metalizing unit.
In 2011 the Company has been listed in National Stock Exchange of India Ltd.

The product find its application in wide range of areas, that includes

  • Electrical, Electronics & Lighting- Coil formers, Relays, MCBs, ELCBs, Connectors, Contact Blocks, Bobbins, Fuse Holders, Carbon Brush Holders, Capacitor Boxes, Fans for Electronic Equipments, CFL Holders, Adaptors, Sockets, Lighting Fixtures, Modular Switches, Energy Meter Hosing & thermal blocks etc.
  • Consumer Durables- Housings for Electric Irons, Toasters, Electric Kettles, Infrared Lamps, Roti Makers, Hair Dryer Components, Oven Door Handles, Knobs, Panels, etc.
  • Telecommunication & Engineering- Optical Fibre Sheathing, Textile Machinery parts, Timer Pulleys. Industrial and Centrifugal pump parts. Cable termination box Modules, connectors, etc.
  • Automotive- Air Intake Grills, Windscreen Wiper Holders/Supports, Head Lamp Reflectors, Ignition Coil Tops, Air Filter Housings, Exterior Mirror Housings, Spoilers, Door Handles/Door Lock Surroundings, Carburettor Components, Ignition System Electronics' parts, Spark Plug Connectors, etc.

Product range of the company includes:

  • UmaPET Polyester Films-Plain films include- Packaging Films, Direct Emboss able Film, Golden Film, Anti Static Film, Clear & Ultra Clear Films, Heat Sealable Films, Industrial Film, High Performance Films (Retort / Hot Fill), Lidding Film, Matte Film, Function Film (High Friction), White Opaque Films, Yarn Grade Film.
  • Metallized films include- Packaging Films (Normal Barrier Metallized), Packaging Films (High Barrier Metallized), Emboss able Metallized Film, Golden Metallized Film, Isotropic Metallized Film, High Gloss Metallized Films, Industrial Film (Metallized), High Performance Metallized Film, Matte Metallized Film.
  • Estoplast–EP Thermoplastic Polyester, XU Polyamide -6/Polyamide-66ZK and Polycarbonate.

The products of the company are approved by :

  • Research Design & Standards Organization (The Indian Railways).
  • Deptt. Of Telecommunication, Govt. of India, for OFC.
  • Deptt. Of Telecommunication, Govt. of India, for Modules.
  • Underwriters Laboratrories, USA for VO rating as per UL 94.
  • Delphi Automotive Systems.
  • All OFC manufacturers, Countrywide- Sterlite, Birla Ericsson, AKSH Fiber Optics etc. and many more.
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