BSE: 530169 | NSE: | Paper & Paper Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mohit Paper Mills Ltd is a below average quality company.
The key valuation ratios of Mohit Paper Mills 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 Mohit Paper Mills 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'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.3% | 6% | 5.2% | 5.6% | 5.6% | 6.1% | 7.8% | -2.3% | 5.7% | 9.1% | - |
| Value Creation Index ⓘ | -0.6 | -0.6 | -0.6 | -0.6 | -0.6 | -0.6 | -0.4 | -1.2 | -0.6 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 88.2 | 90.4 | 96.5 | 88.3 | 101 | 156 | 131 | 81.4 | 141 | 222 | 197 |
| Sales YoY Gr. | - | 2.5% | 6.8% | -8.5% | 14.9% | 53.9% | -15.7% | -38.1% | 73% | 57.8% | - |
| Adj EPS ⓘ | 0.8 | 0.8 | 0.6 | 0.7 | 0.8 | 1.5 | 2.3 | -2.6 | 1.3 | 3.4 | 5.4 |
| YoY Gr. | - | 1.3% | -26.3% | 28.6% | 5.6% | 93.4% | 55.1% | -212.7% | NA | 164.6% | - |
| BVPS (₹) ⓘ | 17.2 | 17.9 | 18.5 | 19.2 | 20 | 21.5 | 23.7 | 22.3 | 23.7 | 27.2 | 31.3 |
| Adj Net Profit ⓘ | 1.1 | 1.1 | 0.8 | 1 | 1.1 | 2.1 | 3.2 | -3.6 | 1.8 | 4.8 | 8 |
| Cash Flow from Ops. ⓘ | 1.8 | 0.3 | 4.6 | 14.5 | 10.3 | 13.9 | 8.3 | 8.6 | -12.6 | 9.2 | - |
| Debt/CF from Ops. ⓘ | 15.2 | 82.9 | 6.5 | 1.7 | 2.8 | 2.4 | 3.9 | 4.5 | -3.2 | 5.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10.8% | 17% | 19.1% | 57.8% | ||||
| Adj EPS ⓘ | 18.4% | 35.3% | 14.7% | 164.6% | ||||
| BVPSⓘ | 5.2% | 6.4% | 4.6% | 14.8% | ||||
| Share Price | 29.8% | 26.9% | 76.3% | 74.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.5 | 4.4 | 3.1 | 3.8 | 3.9 | 7.1 | 10.1 | -11.2 | 5.7 | 13.5 | 18.6 |
| Op. Profit Mgn % ⓘ | 8.3 | 8.5 | 7.5 | 9.5 | 7.7 | 5.2 | 7.3 | 2.4 | 5.8 | 5.4 | 6 |
| Net Profit Mgn % ⓘ | 1.2 | 1.2 | 0.8 | 1.2 | 1.1 | 1.3 | 2.4 | -4.4 | 1.3 | 2.2 | 3.9 |
| Debt to Equity ⓘ | 1.1 | 1.1 | 1.2 | 0.9 | 1 | 1.1 | 1 | 1.3 | 1.2 | 1.3 | - |
| Working Cap Days ⓘ | 119 | 138 | 146 | 159 | 134 | 83 | 103 | 189 | 121 | 100 | 69 |
| Cash Conv. Cycle ⓘ | 88 | 105 | 109 | 117 | 98 | 59 | 61 | 98 | 68 | 47 | 10 |
Return on Equity has increased versus last 3 years average to 18.60%
Sales growth is growing at healthy rate in last 3 years 19.12%
Net Profit is growing at healthy rate in last 3 years 14.69%
Debt to equity has increased versus last 3 years average to 1.25
Sales growth is not so good in last 4 quarters at -2.18%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.4 | - |
| TTM Sales (₹ Cr.) | 197 | - |
| BVPS (₹.) ⓘ | 31.3 | - |
| Reserves (₹ Cr.) ⓘ | 30 | - |
| P/BV ⓘ | 1.04 | - |
| PE ⓘ | 5.98 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 17.92 / 38.31 |
| All Time Low / High (₹) | 0.90 / 38.31 |
| Market Cap (₹ Cr.) | 45.5 |
| Equity (₹ Cr.) | 14 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 7.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 88.17 | 90.37 | 96.49 | 88.25 | 101.36 | 155.99 | 131.44 | 81.40 | 140.80 | 222.17 |
| Operating Expenses ⓘ | 80.87 | 82.71 | 89.28 | 79.90 | 93.60 | 147.88 | 121.84 | 79.47 | 132.64 | 210.17 |
| Manufacturing Costs | 51.56 | 50.65 | 50.03 | 42.75 | 56.21 | 90.92 | 69.83 | 45.74 | 79.42 | 131.35 |
| Material Costs | 23.78 | 25.71 | 31.51 | 32.74 | 32.47 | 49.95 | 45.03 | 28.11 | 44.98 | 67.49 |
| Employee Cost | 1.44 | 2.04 | 2.27 | 2.85 | 3.13 | 4.86 | 5.76 | 4.14 | 5.89 | 7.58 |
| Other Costs ⓘ | 4.09 | 4.30 | 5.46 | 1.55 | 1.79 | 2.15 | 1.22 | 1.48 | 2.35 | 3.75 |
| Operating Profit ⓘ | 7.30 | 7.66 | 7.21 | 8.35 | 7.76 | 8.12 | 9.60 | 1.93 | 8.16 | 11.99 |
| Operating Profit Margin (%) | 8.3% | 8.5% | 7.5% | 9.5% | 7.7% | 5.2% | 7.3% | 2.4% | 5.8% | 5.4% |
| Other Income ⓘ | 0.18 | 0.16 | 0.17 | 0.07 | 0.08 | 1.50 | 2.48 | 2.07 | 1.86 | 4.11 |
| Interest ⓘ | 2.81 | 2.87 | 2.91 | 2.89 | 2.81 | 2.28 | 2.68 | 2.95 | 3.26 | 3.48 |
| Depreciation ⓘ | 3.51 | 3.71 | 3.20 | 4.20 | 3.65 | 4.38 | 4.58 | 5.03 | 5.48 | 5.57 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -0.44 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.15 | 1.24 | 1.28 | 1.33 | 1.39 | 2.95 | 4.39 | -3.97 | 1.28 | 7.05 |
| Tax ⓘ | 0.09 | 0.18 | 0.40 | 0.30 | 0.33 | 0.90 | 1.19 | -0.53 | -0.68 | 2.14 |
| Profit After Tax | 1.06 | 1.07 | 0.88 | 1.03 | 1.06 | 2.05 | 3.20 | -3.44 | 1.96 | 4.92 |
| PAT Margin (%) | 1.2% | 1.2% | 0.9% | 1.2% | 1.0% | 1.3% | 2.4% | -4.2% | 1.4% | 2.2% |
| Adjusted EPS (₹) | 0.8 | 0.8 | 0.6 | 0.7 | 0.8 | 1.5 | 2.3 | -2.5 | 1.4 | 3.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 24.05 | 25 | 25.88 | 26.91 | 27.97 | 30.02 | 33.22 | 31.17 | 33.15 | 38.07 |
| Share Capital ⓘ | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves ⓘ | 10.05 | 11 | 11.88 | 12.91 | 13.97 | 16.02 | 19.22 | 17.17 | 19.15 | 24.07 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 26.60 | 27.01 | 29.63 | 23.90 | 27.10 | 31.11 | 30.09 | 32.97 | 36.75 | 44.61 |
| Long Term Debt | 3.15 | 1.55 | 4.22 | 1.50 | 7.80 | 11.50 | 10.36 | 11.78 | 7.75 | 22.91 |
| Short Term Debt | 23.45 | 25.46 | 25.41 | 22.39 | 19.30 | 19.61 | 19.73 | 21.19 | 28.99 | 21.70 |
| Trade Payables | 3.39 | 5.32 | 5.86 | 5.15 | 4.69 | 3.64 | 7.31 | 7.83 | 3.86 | 17.90 |
| Others Liabilities ⓘ | 12.63 | 16.89 | 17.39 | 23.70 | 27.07 | 30.70 | 33.33 | 36.47 | 38.38 | 41.12 |
| Total Liabilities ⓘ | 66.68 | 74.22 | 78.75 | 79.66 | 86.84 | 95.48 | 103.96 | 108.43 | 112.14 | 141.70 |
Fixed Assets | ||||||||||
| Gross Block | 69.52 | 73.45 | 79.92 | 89.11 | 101.14 | 104.38 | 115.47 | 116.91 | 131.48 | 133.50 |
| Accumulated Depreciation | 38.77 | 42.59 | 45.79 | 49.78 | 53.42 | 57.81 | 62.36 | 67.38 | 72.41 | 77.97 |
| Net Fixed Assetsⓘ | 30.76 | 30.85 | 34.12 | 39.33 | 47.72 | 46.58 | 53.11 | 49.53 | 59.07 | 55.52 |
| CWIP ⓘ | 0 | 0.85 | 0.34 | 0 | 0.71 | 11.88 | 7.63 | 11.89 | 0 | 12.32 |
| Investmentsⓘ | 1.32 | 1.32 | 1.11 | 1.11 | 1.11 | 1.11 | 1.11 | 1.11 | 1.11 | 1.11 |
| Inventories | 13.31 | 17.97 | 19.34 | 22.17 | 12.55 | 18.41 | 16.69 | 18.81 | 23.36 | 28.45 |
| Trade Receivables | 16.24 | 17.10 | 19.24 | 11.58 | 19.17 | 8.88 | 11.78 | 11.52 | 11.15 | 16.98 |
| Cash Equivalents | 1.37 | 2.23 | 0.25 | 0.64 | 0.68 | 1.89 | 1.78 | 2.13 | 2.18 | 1.36 |
| Others Assetsⓘ | 3.68 | 3.90 | 4.36 | 4.83 | 4.90 | 6.73 | 11.86 | 13.45 | 15.27 | 25.96 |
| Total Assets ⓘ | 66.68 | 74.22 | 78.75 | 79.66 | 86.84 | 95.48 | 103.96 | 108.43 | 112.14 | 141.70 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1.75 | 0.33 | 4.56 | 14.50 | 10.30 | 13.85 | 8.30 | 8.60 | -12.61 | 9.21 |
| PBT ⓘ | 1.15 | 1.24 | 1.28 | 1.33 | 1.39 | 2.95 | 4.39 | -3.97 | 1.28 | 7.05 |
| Adjustment ⓘ | 6.32 | 6.58 | 6.11 | 7.09 | 6.42 | 6.35 | 6.67 | 8.40 | 9.34 | 8.93 |
| Changes in Working Capital ⓘ | -5.48 | -7.25 | -2.57 | 6.61 | 2.78 | 5.16 | -2.02 | 4.17 | -23.23 | -6.4 |
| Tax Paid ⓘ | -0.24 | -0.25 | -0.26 | -0.52 | -0.29 | -0.61 | -0.74 | 0 | 0 | -0.39 |
| Cash Flow From Investing Activity ⓘ | -4.19 | -5.24 | -6.19 | -9.07 | -12.75 | -14.41 | -6.84 | -5.70 | -3.15 | -14.34 |
| Capex | -4.86 | -3.92 | -6.47 | -9.41 | -12.04 | -3.24 | -11.09 | -1.44 | -15.04 | -2.02 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.67 | -1.32 | 0.27 | 0.34 | -0.71 | -11.17 | 4.25 | -4.26 | 11.89 | -12.32 |
| Cash Flow From Financing Activityⓘ | 2.09 | 5.78 | -0.35 | -5.01 | 2.51 | 1.86 | -2.92 | -2.55 | 15.86 | 4.31 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.29 | 6.64 | 2.61 | 0.90 | 4.95 | 0 | -0.86 | -0.64 | 11.86 | 15.16 |
| Interest Paid ⓘ | -2.81 | -2.87 | -2.91 | -2.89 | -2.81 | -2.28 | -2.68 | -2.95 | -3.26 | -3.48 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 5.20 | 2.01 | -0.05 | -3.02 | 0.37 | 4.14 | 0.62 | 1.04 | 7.25 | -7.37 |
| Net Cash Flow ⓘ | -0.34 | 0.86 | -1.98 | 0.42 | 0.07 | 1.30 | -1.47 | 0.35 | 0.10 | -0.82 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.5 | 4.35 | 3.46 | 3.91 | 3.87 | 7.08 | 10.11 | -10.67 | 6.1 | 13.8 |
| ROCE (%) | 8.31 | 8.02 | 7.78 | 7.84 | 7.72 | 8.69 | 10.91 | -1.5 | 6.32 | 13.24 |
| Asset Turnover Ratio | 1.47 | 1.36 | 1.34 | 1.18 | 1.23 | 1.71 | 1.32 | 0.77 | 1.28 | 1.75 |
| PAT to CFO Conversion(x) | 1.65 | 0.31 | 5.18 | 14.08 | 9.72 | 6.76 | 2.59 | N/A | -6.43 | 1.87 | Working Capital Days |
| Receivable Days | 50 | 64 | 65 | 60 | 55 | 33 | 29 | 52 | 29 | 23 |
| Inventory Days | 53 | 60 | 67 | 81 | 62 | 36 | 49 | 80 | 55 | 43 |
| Payable Days | 52 | 62 | 65 | 61 | 55 | 30 | 44 | 98 | 47 | 59 |
Mohit Paper Mills (MPML) was incorporated on June 30, 1992 as public limited company under the Companies Act, 1956 and got the Certificate of Commencement on September 30, 1992. The main promoters of the company are Sandeep Jain and Anju Jain.
The company was promoted to manufacture 35 TPD of writing & printing paper initially at 9 Km Stone, Nagina Road, Bijnor (UP). The production has been increased to 40-45 TPD of writing & printing paper and newsprint.
The main segments are paper and soda ash. A chemical recovery plant has been successfully installed through which soda ash is recovered, which is a saleable item.The management of the company vests in the board comprising of highly qualified industrialists, professionals and persons with extensive experience in industry and paper manufacturing.
Manufacturing process of the company is based on bagasse and agro waste which is an ideal substitute of forest based raw materials which are getting scarce in availability.
Product range of the company includes:
Writing and Printing Paper The main product of Mohit Paper Mills Limited is writing and printing paper.
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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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