Pakka Ltd - Stock Valuation and Financial Performance

BSE: 516030 | NSE: PAKKA | Paper & Paper Products | Small Cap

Pakka Share Price

275.25 -2.15 -0.78%
as on 26-Apr'24 16:01

DeciZen - make an informed investing decision on Pakka

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Pakka stock performance -

mw4me loader
P/E Ratio (SA):
20.85
Market Cap:
1,077.7 Cr.
52-wk low:
101
52-wk high:
398.4

Is Pakka Ltd an attractive stock to invest in?

1. Is Pakka Ltd a good quality company?

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

2. Is Pakka Ltd undervalued or overvalued?

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

3. Is Pakka Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Pakka 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 Pakka:

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.
Pakka 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 % 7.7%9.9%8.8%10.7%10.4%15.3%17.1%11.1%18.4%19.9%-
Value Creation
Index
-0.5-0.3-0.4-0.2-0.30.10.2-0.20.30.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 147172173174199250252184291408421
Sales YoY Gr.-16.9%0.6%0.3%14.7%25.5%0.9%-27.2%58.5%40.3%-
Adj EPS 0.91.512.53.45.97.94.810.213.313.2
YoY Gr.-72.1%-33.8%157.1%35.3%72.1%34.1%-39.6%115.4%30%-
BVPS (₹) 16.5141517.720.426.332.936.743.955.467.4
Adj Net
Profit
2.44.12.98.11220.727.716.73950.752
Cash Flow from Ops. 12.623.422.322.548.350.855.127.434.955.7-
Debt/CF from Ops. 9.14.74.662.92.31.83.431.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12%15.4%17.4%40.3%
Adj EPS 35.6%31.3%19.1%30%
BVPS14.4%22.1%19%26.2%
Share Price 50.5% 42.4% 47% 154.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.39.76.615.218.424.826.413.626.226.621.5
Op. Profit
Mgn %
14.814.714.3171918.121.117.62320.920.8
Net Profit
Mgn %
1.62.41.74.768.3119.113.412.412.3
Debt to
Equity
2.52.92.32.31.91.30.80.70.60.5-
Working Cap
Days
19216715317318114513016412711972
Cash Conv.
Cycle
11110710610911310096129968925

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.39%

Net Profit is growing at healthy rate in last 3 years 19.11%

Debt to equity has declined versus last 3 years average to 0.49

Sales growth is good in last 4 quarters at 13.66%

Return on Equity has declined versus last 3 years average to 21.50%

Latest Financials - Pakka Ltd.

Standalone Consolidated
TTM EPS (₹) 13.2 12
TTM Sales (₹ Cr.) 421 421
BVPS (₹.) 67.4 64.2
Reserves (₹ Cr.) 225 213
P/BV 4.08 4.28
PE 20.85 22.87
From the Market
52 Week Low / High (₹) 101.00 / 398.40
All Time Low / High (₹) 2.30 / 398.40
Market Cap (₹ Cr.) 1,078
Equity (₹ Cr.) 39.2
Face Value (₹) 10
Industry PE 7.6

Management X-Ray of Pakka:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.0084.9984.9984.9984.9984.9984.9984.9984.99
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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
Sales147172173174199250252184291408
Operating Expenses 126147149144162205199151226324
Manufacturing Costs567061587395896993143
Material Costs48506161526962386497
Employee Cost 9111213182124243245
Other Costs 13161512192024203739
Operating Profit 21252530384553326585
Operating Profit Margin (%) 14.4%14.7%14.2%17.0%19.0%18.1%21.1%17.5%22.4%20.7%
Other Income 221335911812
Interest 1316151513171311911
Depreciation 64776910101013
Exceptional Items 0-150-1000000
Profit Before Tax 3-9411222540235472
Tax 1-2231041261521
Profit After Tax 2-738122128173851
PAT Margin (%) 1.3%-3.9%1.6%4.5%6.3%8.3%10.9%9.1%13.1%12.6%
Adjusted EPS (₹)0.7-2.41.02.43.55.97.84.710.013.5
Dividend Payout Ratio (%)0%0%0%0%0%17%13%21%20%18%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 463945577394117130168211
Share Capital 28283032353535353838
Reserves 1811152538588195130173
Minority Interest0000000000
Debt108989112212410481799896
Long Term Debt67565070725943372922
Short Term Debt41424252524538426974
Trade Payables12121110171388119
Others Liabilities 18242421556052465162
Total Liabilities 184174172211268271258262327378

Fixed Assets

Gross Block151153159100175189198209222253
Accumulated Depreciation5661677132231414555
Net Fixed Assets94929293162168167168177197
CWIP 0101020561817
Investments 0000000049
Inventories51574959737156607998
Trade Receivables14131612151518152324
Cash Equivalents 1358334397
Others Assets22892814138101826
Total Assets 184174172211268271258262327378

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 13232222485155273556
PBT 37411222540235472
Adjustment 19192020182419191822
Changes in Working Capital -9-2-1-71282-10-22-26
Tax Paid -10-1-2-4-6-6-5-15-13
Cash Flow From Investing Activity -12-4-7-36-47-15-16-12-33-41
Capex -11-3-7-36-46-15-17-14-29-31
Net Investments 000000000-1
Others 0001-1012-4-9
Cash Flow From Financing Activity -1-19-1317-8-35-39-162-17
Net Proceeds from Shares 0004400030
Net Proceeds from Borrowing 1-5-8201-13-16-6-8-7
Interest Paid -13-15-14-13-12-15-12-10-8-9
Dividend Paid 000000-4-4-4-8
Others 11186-2-7-73186
Net Cash Flow 0124-60003-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.35-15.86.8515.2719.3325.1726.4813.6325.7527.21
ROCE (%)10.784.7512.7414.9417.4519.7824.5515.5125.4828.38
Asset Turnover Ratio0.891.011.050.960.840.930.960.710.991.16
PAT to CFO Conversion(x)6.5N/A7.332.7542.431.961.590.921.1
Working Capital Days
Receivable Days34272928242224332421
Inventory Days108110107108119105921158779
Payable Days81887164968063765237

Pakka Ltd Stock News

Pakka Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pakka on 26-Apr-2024 16:01 is ₹275.2.
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 26-Apr-2024 16:01 the market cap of Pakka stood at ₹1,077.7.
The latest P/E ratio of Pakka as of 26-Apr-2024 16:01 is 20.85.
The latest P/B ratio of Pakka as of 26-Apr-2024 16:01 is 4.08.
The 52-week high of Pakka is ₹398.4 and the 52-week low is ₹101.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pakka is ₹421.3 ( Cr.) .

About Pakka Ltd

Yash Papers was incorporated in 1981, located in Faizabad, India is synonymous with machine-glazed varieties of paper. Their brand revolves around the manufacture of the best wrapping grades of papers in India. The Company manufactures wrapping tissues in both brown and white varieties.

The Company was commissioned by entrepreneur-promoter KK Jhunjhunwala - from an installed capacity of 1940 MT per annum in 1983, it is because of a singular discipline, focus on specialty products and quality and plough back surpluses into additional capacity. As a result, they have grown significantly to an installed capacity of 39,100 MT per annum that makes them the largest producers of wrapping grades in the country.

The consistent feature of their business strategy has been value-addition. They invested periodically in the manufacture of specialized grades – a distinctive preference for the value approach over a volume one.

This preference for the value-approach is reflected in the Company’s product mix - hard tissue, wrapping grade and packaging/stationery grades. These varieties are used in specialized downstream applications like soap wrapping, food wrapping, pharmaceutical covers, interleaving sheets, laminating sheets, paper bag, bidi wrapping, gum tape, notebook covering paper, PE coating in mattress, tube light packaging among others.

Product range of the company includes:

  • Hard tissues (18 - 30 GSM)
  • Wrapping grades (30 - 60 GSM)
  • Packaging/ stationery grades (60 - 80 GSM) with average GSM range of 49 - 64
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