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Shree Ajit Pulp & Paper Ltd Stock Analysis

Small Cap
Evaluated by 158 users | BSE: 538795 | NSE: |
Paper & Paper Products
Shree Ajit Pulp and Paper was incorporated as Pvt. Ltd. Co. on march 23, 1995 and then  was converted into Public Limited Co. on November 13,1995. The Company came out with the Public Issue of Equity Shares worth Rs. 315/- Lacs in the month of October 1996 and at present is listed on...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 16.58%13.49%19.26%14.61%9.5%13.44%7.39%8.68%17.1%13.68%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 134155174190189222209249270240
Y-o-Y Gr. Rt.-15.4%12.4%9%-0.5%17.7%-6.1%19.5%8.2%-10.9%
Adjusted EPS (Rs.) 15.2514.3826.323.0113.3722.7511.9116.1243.136.79
Y-o-Y Gr. Rt.--5.7%82.9%-12.5%-41.9%70.2%-47.7%35.4%167.4%-14.6%
Book Value per Share (Rs.) 65.5680.99106.7128.85141.15162.83174.81189.36231.65267.38
Adjusted Net Profit 8.87.714.112.37.212.26.48.623.119.7
Net Op. Cash Flow (Rs. Cr.) 15.91417.4171516.514.317.744.932.1
Debt to Cash Flow from Ops 2.312.671.992.222.291.623.12.870.80.94
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Shree Ajit Pulp & Paper Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.7%5%4.8%-10.9%
Adjusted EPS 10.3%22.4%45.6%-14.6%
Book Value per Share 16.913.615.215.4
Share Price 23.2% 19.2% 11.7% 36.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 27.8219.4528.0219.549.914.977.058.8520.4714.75
Operating Profit Margin (%) 14.811.7115.6213.5410.312.278.889.7916.4714.32
Net Profit Margin (%) 6.544.978.096.493.795.483.063.468.568.2
Debt to Equity 1.020.860.610.550.450.30.470.50.290.21
Working Capital Days 877998101989612011099109
Cash Conversion Cycle 28283749545158585453
Entity Percentage Holding
Promoters 55.60%
Non-Institutions 44.40%
Pledged *29.3125.9825.9825.9825.980.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Shree Ajit Pulp & Paper Ltd's performance infers:

Shree Ajit Pulp & Paper Ltd earnings have grown by 22.4%, whereas share price has appreciated 19.2% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Shree Ajit Pulp & Paper Ltd share prices over the last 10 years. Here is what we found out:

Shree Ajit Pulp & Paper Ltd share price has appreciated 14.4% annually over the past ten years.

Shree Ajit Pulp and Paper was incorporated as Pvt. Ltd. Co. on march 23, 1995 and then  was converted into Public Limited Co. on November 13,1995. The Company came out with the Public Issue of Equity Shares worth Rs. 315/- Lacs in the month of October 1996 and at present is listed on regional stock exchange at Vadodara and at additional Stock Exchange at Ahmedabad.  

Higher capacity utilisation by the company has lead it on the growth track, the cost reduction and cost controls

Shree Ajit Pulp and Paper was incorporated as Pvt. Ltd. Co. on march 23, 1995 and then  was converted into Public Limited Co. on November 13,1995. The Company came out with the Public Issue of Equity Shares worth Rs. 315/- Lacs in the month of October 1996 and at present is listed on regional stock exchange at Vadodara and at additional Stock Exchange at Ahmedabad.  

Higher capacity utilisation by the company has lead it on the growth track, the cost reduction and cost controls techniques resulted in improved bottom lines of the company. Modernization of the existing production facility and additions of the capacity are projected as next path of success.   

They seek to achieve, maintain and improve continuously the quality of their products in relationship to the requirements for Quality. Improve the Quality of their own operations, so as to meet continuously all customers' stated and implied needs. Emphasize on quality improvement as a part of everyone's job, either by teamwork or individual activities. Taking actions to improve effectiveness and efficiency of activities and processes to provide added benefits to the customers and in turn to the organisation.

Product range of the company includes:

It caters to its customers in the different varieties of Kraft Paper of 120-220 GSM and Bursting Factor (BF) ranging from 16 to 28. It has already developed 35 BF paper in 80 GSM and Golden Yellow paper ranging from 20 BF to 28 BF.

The product is in reels form and is used for making Corrugated Boxes, Liners, Textile Tubes, Duplex Cartons etc. the main consumption is thus in packaging.

The USP of the company’s product is the consistent quality. It has established itself as a cost effective quality supplier, and they believe however that future competition would be on the basis of Customer service.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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