Ganga Papers India Ltd - Stock Valuation and Financial Performance

BSE: 531813 | NSE: | Paper & Paper Products | Small Cap

Kasat Paper Share Price

99 -2.00 -1.98%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Kasat Paper

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Ganga Papers India stock performance -

mw4me loader
P/E Ratio (SA):
95.88
Market Cap:
106.8 Cr.
52-wk low:
65
52-wk high:
191.3

Is Ganga Papers India Ltd an attractive stock to invest in?

1. Is Ganga Papers India Ltd a good quality company?

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

2. Is Ganga Papers India Ltd undervalued or overvalued?

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

3. Is Ganga Papers India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ganga Papers India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kasat Paper:

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.
Ganga Papers India 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.7%7%7.8%9.6%7.1%7.5%7.7%8.9%11.6%7.6%-
Value Creation
Index
-0.3-0.5-0.4-0.3-0.5-0.5-0.5-0.4-0.2-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 67.774.674.280.9102132140177282298256
Sales YoY Gr.-10.3%-0.6%9%25.7%30.2%5.5%26.5%59.8%5.6%-
Adj EPS 1.20.811.61.51.21.43531
YoY Gr.--30%16.7%64.3%-9.3%-15.8%17.1%104.9%68.1%-39.1%-
BVPS (₹) 6.36.67.69.210.612.113.817.622.625.626.4
Adj Net
Profit
1.30.91.11.71.61.31.63.25.43.31
Cash Flow from Ops. 14.11.422.47.60.17.11.12-6.7-
Debt/CF from Ops. 1.6169.710.24.2567.35.235.721.1-6.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.9%24%28.8%5.6%
Adj EPS 10.8%15.7%28%-39.1%
BVPS16.9%19.4%22.9%13.4%
Share Price - 0.6% 46.5% 39.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
21.11313.919.314.810.911.118.824.712.54
Op. Profit
Mgn %
6.24.14.54.73.84.94.94.64.13.12.4
Net Profit
Mgn %
1.91.21.42.21.611.11.81.91.10.4
Debt to
Equity
3.33.22.42.42.82.82.521.71.6-
Working Cap
Days
1449711112092809289738048
Cash Conv.
Cycle
825660634538433834477

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.75%

Net Profit is growing at healthy rate in last 3 years 28.00%

Debt to equity has declined versus last 3 years average to 1.61

Return on Equity has declined versus last 3 years average to 4.00%

Sales growth is not so good in last 4 quarters at -14.73%

Latest Financials - Ganga Papers India Ltd.

Standalone Consolidated
TTM EPS (₹) 1 -
TTM Sales (₹ Cr.) 256 -
BVPS (₹.) 26.4 -
Reserves (₹ Cr.) 18 -
P/BV 3.75 -
PE 95.88 -
From the Market
52 Week Low / High (₹) 65.01 / 191.26
All Time Low / High (₹) 1.80 / 191.26
Market Cap (₹ Cr.) 107
Equity (₹ Cr.) 10.8
Face Value (₹) 10
Industry PE 6.8

Management X-Ray of Kasat Paper:

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 Kasat Paper

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
Sales68757481102132140177282298
Operating Expenses 6372717798126133169271289
Manufacturing Costs21202119284750525968
Material Costs41504956677680114207215
Employee Cost 1011111233
Other Costs 1111222123
Operating Profit 43344678129
Operating Profit Margin (%) 6.2%4.1%4.5%4.7%3.7%4.9%4.9%4.5%4.1%3.1%
Other Income 0000011200
Interest 3222233233
Depreciation 0111122222
Exceptional Items 0000000000
Profit Before Tax 1111222674
Tax 0000000121
Profit After Tax 1112122453
PAT Margin (%) 1.9%1.4%1.4%2.2%1.5%1.2%1.3%2.3%1.9%1.1%
Adjusted EPS (₹)1.20.91.01.61.41.51.73.85.03.0
Dividend Payout Ratio (%)0%0%0%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 77810111315192428
Share Capital 11111111111111111111
Reserves -4-4-3-112481417
Minority Interest0000000000
Debt21221822283235343840
Long Term Debt885918181716132
Short Term Debt13141313111419182538
Trade Payables458871011161614
Others Liabilities 3234687131612
Total Liabilities 34373743526367839594

Fixed Assets

Gross Block43444444446768686870
Accumulated Depreciation33353536373941434547
Net Fixed Assets1098872827252322
CWIP 22372200000
Investments 0000000000
Inventories1112141410101141423
Trade Receivables5681081716333338
Cash Equivalents 23000047102
Others Assets443568913158
Total Assets 34373743526367839594

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1412280712-7
PBT 1111222674
Adjustment 0222255444
Changes in Working Capital 12-0-1-14-70-8-9-13
Tax Paid 0000000-1-1-2
Cash Flow From Investing Activity -400-5-14-2-1000
Capex 00001-1-100-1
Net Investments 00000-11001
Others -400-5-1500000
Cash Flow From Financing Activity -10-1-5372-2001
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-2-2-1-3-3-2-2-2
Dividend Paid 0000000000
Others -10-1-45840223
Net Cash Flow 00-3000412-6
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)21.0714.6213.919.311413.4613.3624.3824.6812.51
ROCE (%)12.239.579.879.768.2411.0210.7714.4915.9110.49
Asset Turnover Ratio1.772.282.152.062.142.292.142.353.183.16
PAT to CFO Conversion(x)14121803.50.250.4-2.33
Working Capital Days
Receivable Days30253238313544514343
Inventory Days73536162412727161223
Payable Days33314850404047432826

Ganga Papers India Ltd Stock News

Ganga Papers India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kasat Paper on 28-Mar-2024 16:01 is ₹99.00.
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 28-Mar-2024 16:01 the market cap of Kasat Paper stood at ₹106.8.
The latest P/E ratio of Kasat Paper as of 28-Mar-2024 16:01 is 95.88.
The latest P/B ratio of Kasat Paper as of 28-Mar-2024 16:01 is 3.75.
The 52-week high of Kasat Paper is ₹191.3 and the 52-week low is ₹65.01.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kasat Paper is ₹256.0 ( Cr.) .

About Ganga Papers India Ltd

Ganga Papers India was incorporated in March 1985 and is engaged in the manufacture of different types of kraft paper. It was incorporated as a private limited company and converted into a public limited company in December 1992. Earlier known as Kasat Paper & Pulp, it got its present name on January 15, 2007.

Special quality kraft paper, high grade kraft paper, newsprint, writing and printing paper, and duplex boards are manufactured at its unit located near Pune in Maharashtra with an installed capacity of 60 tonnes per day. The company has 49% stake in Unipack Containers and Carton Products, a joint venture in Dubai (UAE), for the manufacture of corrugated printed cartons, sheets and trays.

A sick industrial unit registered with the Board for Industrial & Financial Reconstruction (BIFR), the company is implementing all its obligations under a draft rehabilitation scheme approved by BIFR on October 31, 2006. As per the approved scheme, the new promoters provided funds and the plant, which was closed for four years was revived. One machine was stared in July 2006 and second in January 2007. Modernization is being implemented by installing various equipment like variable frequency drives to save power, complete automation for GSM devices and moisture control quality control systems, steam saving equipments, screening systems, and other upgrades.

In 2010 started Polymer distribution agency of Indian Oil Corporation Limited.


In 2012 acquired a Sponge Iron and Billet Plant at Chunar.

In 2013 Ganga Papers started setting up a 12 MW Power Plant at Chunar.

Business areas of the company:

Ganga Papers India manufactures kraft papers. It also offers newsprint, writing, and printing papers, as well as duplex boards. In addition, the company, through its joint venture, manufactures corrugated printed cartons, sheets, and trays. Ganga Papers India Limited, formerly known as Kasat Paper & Pulp Limited, was incorporated in 1985 and is based in Pune, India.

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