Ruchira Papers Ltd - Stock Valuation and Financial Performance

BSE: 532785 | NSE: RUCHIRA | Paper & Paper Products | Small Cap

Ruchira Papers Share Price

111 -2.15 -1.90%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ruchira Papers

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

1. Quality

2. Valuation

Fair

3. Price Trend

Ruchira Papers stock performance -

mw4me loader
P/E Ratio (SA):
5.73
Market Cap:
334.6 Cr.
52-wk low:
91.1
52-wk high:
163.9

Is Ruchira Papers Ltd an attractive stock to invest in?

1. Is Ruchira Papers Ltd a good quality company?

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

2. Is Ruchira Papers Ltd undervalued or overvalued?

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

3. Is Ruchira Papers Ltd a good buy now?

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

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.
Ruchira Papers 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 % 13.1%11.1%13.3%18.3%17.3%15.4%9.9%2.7%10.3%17.8%-
Value Creation
Index
-0.1-0.2-0.10.30.20.1-0.3-0.8-0.30.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 320347363417448494481415613803678
Sales YoY Gr.-8.3%4.6%15%7.3%10.4%-2.6%-13.6%47.5%31%-
Adj EPS 6.25.27.913.215.415.210.21.911.922.719.6
YoY Gr.--15.5%51%67.1%16.9%-1.4%-32.6%-81.8%538.7%90.7%-
BVPS (₹) 38.942.748.961.97591.699.2101.3110.6127.5140.5
Adj Net
Profit
15.212.919.432.53840.527.353367.658
Cash Flow from Ops. 31.338.240.43347.123.538.2343561.9-
Debt/CF from Ops. 31.91.82.11.93.21.82.21.90.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.8%12.4%18.6%31%
Adj EPS 15.5%8%30.3%90.7%
BVPS14.1%11.2%8.7%15.3%
Share Price 22.5% 3% 25.3% 18.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1712.817.223.822.118.610.71.911.419.614.6
Op. Profit
Mgn %
15.211.313.115.316.616.69.25.910.413.614.2
Net Profit
Mgn %
4.83.75.47.88.58.25.71.25.48.48.6
Debt to
Equity
10.70.60.50.50.30.30.30.20.1-
Working Cap
Days
1071019391104116127135988957
Cash Conv.
Cycle
66605557698194104756535

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.60%

Sales growth is growing at healthy rate in last 3 years 18.61%

Net Profit is growing at healthy rate in last 3 years 30.34%

Sales growth is not so good in last 4 quarters at -16.21%

Latest Financials - Ruchira Papers Ltd.

Standalone Consolidated
TTM EPS (₹) 19.6 -
TTM Sales (₹ Cr.) 678 -
BVPS (₹.) 140.5 -
Reserves (₹ Cr.) 389 -
P/BV 0.80 -
PE 5.73 -
From the Market
52 Week Low / High (₹) 91.10 / 163.90
All Time Low / High (₹) 3.64 / 199.82
Market Cap (₹ Cr.) 335
Equity (₹ Cr.) 29.8
Face Value (₹) 10
Industry PE 6.8

Management X-Ray of Ruchira Papers:

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 Ruchira Papers

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
Sales320347363417448494481415613803
Operating Expenses 271307315353373412437391549694
Manufacturing Costs40132137147159184173145212256
Material Costs203145141165166175210197285380
Employee Cost 20222630333639353739
Other Costs 991112151615151518
Operating Profit 493947647482442564109
Operating Profit Margin (%) 15.2%11.3%13.1%15.3%16.6%16.6%9.2%5.9%10.4%13.6%
Other Income 2111422112
Interest 141078887665
Depreciation 12101011121314141415
Exceptional Items 0000000000
Profit Before Tax 2520324658622564591
Tax 10812142022-211123
Profit After Tax 1513193238402753368
PAT Margin (%) 4.8%3.7%5.4%7.8%8.5%8.1%5.7%1.2%5.4%8.4%
Adjusted EPS (₹)6.25.27.913.215.415.110.31.911.922.7
Dividend Payout Ratio (%)18%23%17%16%13%14%0%49%15%22%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 96105121153185244265270307380
Share Capital 22222222222424242530
Reserves 748398130162220240246281351
Minority Interest0000000000
Debt74575861766159645635
Long Term Debt352023232713615101
Short Term Debt39373437494753494635
Trade Payables20221519191818212516
Others Liabilities 65637472908860597377
Total Liabilities 255247267305369411401414460509

Fixed Assets

Gross Block236241274290351365381395424484
Accumulated Depreciation8493101112123134147160173188
Net Fixed Assets152148173178228231234235251296
CWIP 010333530274
Investments 0000000000
Inventories41464155688477739488
Trade Receivables44343444486363656983
Cash Equivalents 3222112111
Others Assets15161822212920111937
Total Assets 255247267305369411401414460509

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 31384033472338343562
PBT 2520324658622564591
Adjustment 23181516181918191918
Changes in Working Capital -1172-18-16-3659-21-23
Tax Paid -6-7-8-11-13-22-100-7-24
Cash Flow From Investing Activity -6-5-32-19-59-15-18-38-26-36
Capex -7-6-33-20-61-17-19-39-27-38
Net Investments 0000000000
Others 2111211112
Cash Flow From Financing Activity -27-34-9-1411-8-203-9-26
Net Proceeds from Shares 00000190099
Net Proceeds from Borrowing -15-194-67-12-1313-7-13
Interest Paid -13-10-7-7-7-8-6-6-6-5
Dividend Paid 0-3-3-3-5-5-50-2-5
Others 1-2-3217-35-4-3-11
Net Cash Flow -1-100000-100
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1712.7517.2323.7722.5218.7510.761.8711.4819.69
ROCE (%)20.5716.9221.1626.0926.2823.569.833.5314.0223.97
Asset Turnover Ratio1.281.421.441.51.341.271.191.021.411.66
PAT to CFO Conversion(x)2.072.922.111.031.240.581.416.81.060.91
Working Capital Days
Receivable Days48403433374148564035
Inventory Days43454341505661665041
Payable Days35534838423932373020

Ruchira Papers Ltd Stock News

Ruchira Papers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ruchira Papers on 28-Mar-2024 16:01 is ₹111.0.
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 28-Mar-2024 16:01 the market cap of Ruchira Papers stood at ₹334.6.
The latest P/E ratio of Ruchira Papers as of 28-Mar-2024 16:01 is 5.73.
The latest P/B ratio of Ruchira Papers as of 28-Mar-2024 16:01 is 0.80.
The 52-week high of Ruchira Papers is ₹163.9 and the 52-week low is ₹91.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ruchira Papers is ₹678.3 ( Cr.) .

About Ruchira Papers Ltd

Incorporated in 1980, Ruchira Papers Limited is conceived by Umesh Chander Garg, Jatinder Singh and Subhash Chander Garg. The company commenced operations with a production capability of 7 tonnes per day (TPD) of Kraft paper, which is now 400 TPD of Kraft Paper and writing and printing paper. The company’s Kraft paper includes bearing capacity and tensile strength, which makes it the most fitting for corrugated packing application. The company established a manufacturing plant in Kala-Amb, district Sirmour, Himachal Pradesh.

Business area of the company

The company is engaged in the business of manufacturing of Kraft Paper and Writing & Printing Paper. The Kraft Paper is being manufactured by using waste paper and agriculture residues, such as Bagasse, wheat straw, sarkanda etc. The Writing and Printing Paper is being manufactured by using agricultural residues, such as wheat straw, Baggase, sarkanda, Softwood Pulp and other fillers. The company has made proactive investments in chemical recovery, effluent treatment and power co-generation plants on the one hand and the consumption of renewable agro-based raw material on the other.

Milestones

  • 1980: Went into business
  • 1983: Commenced commercial production of Kraft paper with 7 TPD
  • FY92-94: Installed PM-2 for manufacturing Kraft paper
  • FY05-06: Crossed the turnover threshold of Rs 50 crore
  • FY06-07: Made an Initial Public Offer of Rs 2850 lakh; listed on NSE and BSE
  • FY07-08: Commenced the manufacturing of writing & printing paper
  • FY09-10: Crossed Rs 200 crore in turnover
  • FY12-13: Crossed Rs 300 crore in turnover
  • FY15-16: Certified for FSC by Rainforest Alliance
  • FY16-17: Crossed Production of 1,00,000 MT of Kraft Paper as well as Writing & Printing Paper. Crossed Rs 400 crore in turnover
  • FY19-20: Achieved highest ever production of 134048 MT for Kraft Paper as well as Writing &
    Printing Paper.
  • FY19-20: Embarked on a Rs 44 crore modernisation & upgradation in the writing & printing paper segment; launched white copier paper.
  • FY20-21: Accredited with IS 14490:2018 by Bureau of Indian Standards for Plain Copier Paper.
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