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Ecoline Exim Ltd (ECOLINE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ECOLINE Textile | Small Cap | Ecoline Exim Share Price

BSE Share Price
Not Listed

Ecoline Exim Ltd (ECOLINE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ECOLINE Textile | Small Cap | Ecoline Exim Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹385 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹11
TTM Sales
₹272 Cr.
Book Value per Share
₹72.1
P/E Ratio
17.02
Higher than its 5-year historical median
Industry PE
35.8
Price to Book (P/B)
2.60
In line with its 5-year historical median
Price to Sales (P/S)
1.41
Higher than its 5-year historical median
EV/EBITDA
12.24
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
36.13%
Outperforms industry median
Return on Capital Employed (ROCE)
29.42%
Outperforms industry median
Return on Assets (ROA)
18.80%
Operating Profit Margin
9.3%
Net Profit Margin
8.02%
Gross Profit Margin
11.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-1.07%
Operating Profit Growth (1 Year)
-
9.08%
Net Profit Growth (1 Year)
-
22.85%
Asset Quality
Promoter Holding
74.57%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹127 Cr.
Equity
₹20.5 Cr.
Face Value
₹10
All Time Low / High
₹0.00 / 0.00

Ecoline Exim stock performance

Key Ratios
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Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Ecoline Exim Ltd a good quality company?
Ecoline Exim Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Ecoline Exim Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ecoline Exim Ltd vs industry peers?
Ecoline Exim Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Ecoline Exim Ltd?
Promoters hold 74.57% of the Ecoline Exim Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ecoline Exim Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

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.
Ecoline Exim Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.3%33.1%29.9%22.8%-
Value Creation
Index
-0.31.41.10.6-

Growth Parameters

Sales 198304272269278
Sales YoY Gr.-53%-10.4%-1.1%-
Adj EPS 1.481010.39.8
YoY Gr.-477%25.1%2.3%-
BVPS (₹) 18.829.54354.780
Adj Net
Profit
2.31316.216.620
Cash Flow from Ops. -13.18.719.3-5-
Debt/CF from Ops. -3.14.92.3-8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA10.7%-1.1%
Adj EPS NANA94.7%2.3%
BVPSNANA42.7%27%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.433.227.62114.6
Op. Profit
Mgn %
4.37.59.39.9NAN
Net Profit
Mgn %
1.14.366.27.3
Debt to
Equity
1.30.90.60.5-
Working Cap
Days
0891031300
Cash Conv.
Cycle
06174870

Valuation of Ecoline Exim - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'22Mar'23Mar'24
Sales198304272
Operating Expenses + 190280247
Manufacturing Costs517165
Material Costs112176155
Employee Cost 567
Other Costs 222720
Operating Profit 92325
Operating Profit Margin (%) 4.3%7.6%9.3%
Other Income + 278
Exceptional Items 000
Interest 232
Depreciation 333
Profit Before Tax 52529
Tax 277
Profit After Tax 31822
PAT Margin (%) 1.7%5.9%8.0%
Adjusted EPS (₹)2.411.714.0
Dividend Payout Ratio (%)0%0%0%
PARTICULARSMar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund + 304972
Share Capital 111
Reserves 294871
Debt +414243
Long Term Debt1083
Short Term Debt303440
Minority Interest000
Trade Payables1589
Others Liabilities 555
Total Liabilities 91104128

Fixed Assets

Net Fixed Assets +161715
Gross Block273232
Accumulated Depreciation111417
CWIP 000
Investments 3519
Inventories322833
Trade Receivables324030
Cash Equivalents 0616
Others Assets 9715
Total Assets 91104128
PARTICULARSMar'22Mar'23Mar'24
Cash Flow From Operating Activity + -131420
PBT 52529
Adjustment 31-3
Changes in Working Capital -20-62
Tax Paid -2-6-8
Cash Flow From Investing Activity + -3-7-13
Capex -8-54
Net Investments 5-2-17
Others -100
Cash Flow From Financing Activity + 16-01
Net Proceeds from Shares 000
Net Proceeds from Borrowing 500
Interest Paid -1-2-2
Dividend Paid 000
Others 1222
Net Cash Flow -068
PARTICULARSMar'22Mar'23Mar'24
Ratios
ROE (%)11.2744.7936.13
ROCE (%)10.3233.3329.42
Asset Turnover Ratio2.173.112.34
PAT to CFO Conversion(x)-4.330.780.91
Working Capital Days
Receivable Days58.6043.3047.20
Inventory Days58.7036.3040.90
Payable Days48.5023.5019.10

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Announcements

Ecoline Exim Ltd FAQs

The current trading price of Ecoline Exim on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Ecoline Exim stood at ₹384.6 Cr

The latest P/E ratio of Ecoline Exim as of 31-Dec-1969 is 19.05.

The latest P/B ratio of Ecoline Exim as of 31-Dec-1969 is 2.34.

The 52-week high of Ecoline Exim is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ecoline Exim is ₹278 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ecoline Exim Ltd is a below average quality company.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ecoline Exim Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Ecoline Exim Ltd

Ecoline Exim Limited was originally incorporated as a Private Limited Company under the name ‘Ecoline Exim Private Limited’ on July 12, 2008 in West Bengal. Subsequently, the company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extraordinary General Meeting, held on July 01, 2024 and consequently the name of the company was changed from ‘Ecoline Exim Private Limited’ to ‘Ecoline Exim Limited’.

The company is primarily engaged in manufacturing of wide range of sustainable packaging and promotional bags made out of cotton and jute. It exports theses bags globally. With the awakening of global market where more and more measures are being taken to reduce the use of plastics, it addresses to the alternate solution to use products which are sustainable, reusable and biodegradable, like bags made out of cotton or jute which are eco-friendly. It is OEM’s catering to packaging solutions of various customers like: Super Markets and Retail chains, Wholesalers and Promotional companies. The company customizes its products as per the customer requirements with screen printing, embroidery, labelling, sizing etc. Its customer base is divided into two major segments. First major segment is Functional, where major customers are Retailers/Wholesalers and Supermarkets. Meanwhile, second major segment is Promotional, where major customers are Promotional companies and Corporate Gifting agencies.

The company’s factories are audited by its customers as per Business Social Compliance Initiative (BSCI) standard. It is a global social compliance framework and the BSCI audit is recognized by major foreign supermarkets & retail chains. The company has comprehensive in-house capabilities of designing and manufacturing wide variety of bags. Further, its promoters Sudarshan Saraogi, Saurabh Saraogi, Shradha Saraogi and Gunjal Saraogi, have years of experience in the field of manufacturing of bags, and they have been instrumental in the growth of the business.

Business area of the company 

The company is engaged in the business of manufacturing and export of Jute and Cotton Bags. It is OEM’s catering to packaging solutions of various customers like: Super Markets and Retail chains, Wholesalers and Promotional companies. The company customizes its products as per the customer requirements with screen printing, embroidery, labelling, sizing etc.

Products of the company

Cotton Bags

  • Conventional Bags
  • Organic Cotton Bags
  • Fairtrade Cotton Bags
  • Recycled Cotton Bags
  • Made Up Articles-aprons

Jute Bags

Awards, accreditations and recognition 

  • 2014-15: Certificate of merit for outstanding National Export performance in recognition of achieving outstanding export performance in textiles-based handicrafts by Export Promotion Council for Handicrafts (EPCH) Awards.
  • 2016-17: Certificate of merit for outstanding regional Export performance in recognition of achieving outstanding export performance in Eastern region by Export Promotion Council for Handicrafts (EPCH) Awards.
  • 2016-17: Gold Award for One star export house MSME in 5th Export Excellence Awards (Eastern Region) 2016-17 from Federation of Indian Export Organizations.
  • 2018-19: Certificate of merit for outstanding regional Export performance in recognition of achieving outstanding export performance in Eastern region by Export Promotion Council for Handicrafts (EPCH) Awards. 
  • 2019-20: Got ISO Certification 9001:2015 for factory situated at Village Khilkapur, Noapara, Mirhati, Daripukur, 24 Parganas (N), West Bengal.
  • 2020-21: Best Exporter of the year 2020-21 - Eco Friendly products, Awarded by Shri Pratap Chandra Sarangi, Minister of State MSME-Government of India in Time leap awards 2020-21.
  • 2022-23: Received ISO Certification 14001:2015 for factory situated at Village Khilkapur, Noapara, Mirhati, Daripukur, 24 Parganas (N), West Bengal.
  • 2023-24: Won Certificate of Recognition as Three Star Export House from Ministry of Commerce and Industry.
  • 2023-24: Received Certificate form OEKO-TEX STANDARD 100.
  • 2023-24: Received ISO Certification 14001:2015 for factory situated at UNI-II, 187/A, Badu Road, P.O. Digberia, West Bengal.

History and milestones

  • 2008: Incorporation of the company in the name of ‘Ecoline Exim Private Limited’
  • 2008: Company started its first Factory I - Barasat Unit in Village Khilkapur, Noapara, Mirhati, Daripukur, 24 Parganas (N), West Bengal.
  • 2015-16: The company crossed Turnover of Rs 50 crore.
  • 2015-16: Company opened its Factory IV- Badu Unit I: 187/A, Badu Road, P.O. Digberia, West Bengal.
  • 2018-19: The company crossed Turnover of Rs 100 crore.
  • 2020-21: Company opened its Factory III- Ahmedabad Unit I: 103/B/3, 1846, Taluka Sanand, Vasna, Chancharvadi, Ahmedabad, Gujarat.
  • 2021-22: Company opened its Factory II- Badu Unit II: 187A Badu Road, P.O.-Badu, Ps-Madhyamgram, N 24 Parganas.
  • 2022-23: The company crossed Turnover of Rs 250 crore.

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