Voith Paper Fabrics India Ltd Stock Analysis

BSE: 522122 | NSE: PORRITSPEN | Textile | Small Cap

BSE Share Price Jan 17, 18:01
1129.20 36.45 (3.34%)

DeciZen - Make an Informed Decision on Voith Paper Fabrics

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

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

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.

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

Value Creation Index Colour Code Guide
Sep'11Sep'12Sep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 11.6%11.4%10.8%15.4%10%10.5%9.7%11.4%11.2%10.9%-
Value Creation Index -0.2-0.2-0.20.1-0.3-0.3-0.3-0.2-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 54.457.759.268.275.581.594.1112118119132
YoY Gr. Rt. %-6.1%2.5%15.2%10.7%7.9%15.4%19%5%0.8%-
Adj EPS 26.228.830.132.235.140.441.252.856.761.365.5
YoY Gr. Rt. %-9.9%4.5%7.1%8.8%15.1%2.1%28.1%7.4%8.2%-
BVPS (₹) 240.6266.7292.5223.8365.1404.9441.8483.5532.8589.8617.4
Adj Net Profit 11.512.613.214.215.417.718.123.224.926.929
Cash Flow from Ops. 14.39.16.410.611.314.722.816.720.228.4-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 9%9.4%8%0.8%
Adj EPS 9.9%11.8%14.2%8.2%
BVPS 10.510.110.110.7
Share Price 16.8% 15.1% 12.2% 2.5%

Key Financial Parameters

Performance Ratio Colour Code Guide
Sep'11Sep'12Sep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 11.411.310.815.41010.59.711.411.210.910.9
Op. Profit Mgn % 22.221.623.724.527.43126.426.326.930.129.3
Net Profit Mgn % 21.121.922.320.720.421.719.220.721.222.721.7
Debt to Equity 00000000000
Working Cap Days 264242166118220254252216166133528
Cash Conv. Cycle 69686540597161455258465

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 14.15%

Sales growth is good in last 4 quarters at 16.40%

Return on Equity has declined versus last 3 years average to 10.80%

Sales growth has been subdued in last 3 years 7.99%

Latest Financials - Voith Paper Fabrics India Ltd.

Standalone Consolidated
TTM EPS (₹) 65.5 -
TTM Sales (₹ Cr.) 132 -
BVPS (₹.) 617.4 -
Reserves (₹ Cr.) 267 -
P/BV 1.83 -
PE 17.25 -
From the Market
52 Week Low / High (₹) 1006.00 / 1369.90
All Time Low / High (₹) 21.90 / 1369.90
Market Cap (₹ Cr.) 496
Equity (₹ Cr.) 4.4
Face Value (₹) 10
Industry PE 15.4

Management X-Ray:

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

Analyst's Notes

News

About Voith Paper Fabrics India Ltd

Voith Paper Fabrics India Ltd (VPFI) was incorporated in 1968 with major shareholding being with Porritts & Spencer, UK which later became a part of Scapa Group of UK. In 1999 majority of the shares were acquisitioned by world renowned VF Auslandsbeteiligungen GmbH, Germany. The company got name of Voith Paper Fabrics India (VPFI) under the Voith Group on November 29, 2007.

VPFI's primary business is supplying the paper industry with technologically sophisticated products called paper machine clothing. Paper machine clothing is used to produce all grades of paper from light weight tissue to heavy weight container board. These tailor made engineered fabrics are made up of synthetic.

The business commenced initially with the manufacture of woollen and cotton dryers for pulp, paper and board industry with technological support of Scapa earlier and now with Voith Group, while extending the range of clothing for use on paper machines as the main business, VPFI also started manufacturing textile felts, geo-textiles and filter fabrics.

Keeping the area of core competence in view, VPFI has continued to upgrade its products. Today, the focus is on paper machine clothing (PMC), fibre-cement sheet making felts and hi-tech textile processing felts.

With the satisfactory entry into forming fabric business, VPFI is the only Indian manufacturer in a position to supply the entire range of machine clothing to paper manufacturers.

The company is located at one of the established industrial townships of northern India serving customers both in India and abroad. Real strength of the company lies in its team of people and a time tested set of vendors who work together to add value to the company’s products.

Product range of the company includes:

  • Forming Fabric
  • Press Fabric
  • Dryer Fabric
  • Fiber Cement

Achievements/ recognition

The company is ISO 9001:2000), ISO 14001:2004, OHSAS 18001 and ISO 27001:2005, VPFI certified.

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