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Voith Paper Fabrics India Ltd. Stock Analysis

Small Cap
Evaluated by 240 users | BSE: 522122 | NSE: PORRITSPEN |
Textile
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...

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
 Sep'10Sep'11Sep'12Sep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.3%11.58%11.36%10.76%15.38%10%10.48%9.73%11.4%11.15%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 51.354.457.759.268.275.581.594.1112118
Y-o-Y Gr. Rt.-6%6.1%2.5%15.2%10.7%7.9%15.4%19%5%
Adjusted EPS (Rs.) 19.3826.1828.7830.0732.2135.0540.3541.1952.7556.65
Y-o-Y Gr. Rt.-35.1%9.9%4.5%7.1%8.8%15.1%2.1%28.1%7.4%
Book Value per Share (Rs.) 217.81240.57266.73292.49223.84365.05404.91441.83483.52532.78
Adjusted Net Profit 8.511.512.613.214.215.417.718.123.224.9
Net Op. Cash Flow (Rs. Cr.) 1014.39.16.410.611.314.722.816.720.2
Debt to Cash Flow from Ops 0000000000
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.
Voith Paper Fabrics India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.7%11.5%13%5%
Adjusted EPS 12.7%12%12%7.4%
Book Value per Share 10.518.99.610.2
Share Price 18.7% 12.8% 14% 35.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Sep'10Sep'11Sep'12Sep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 9.2411.4211.3410.7515.381010.489.7311.411.15
Operating Profit Margin (%) 22.322.1821.6323.7324.4927.3630.9826.3826.2826.85
Net Profit Margin (%) 16.5821.1221.8922.3220.7420.3821.7419.2220.6821.16
Debt to Equity 0000000000
Working Capital Days 199264242166118220254252216225
Cash Conversion Cycle 92696865405971614552
Entity Percentage Holding
Promoters 74.04%
Institutions 1.19%
Non-Institutions 24.77%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Voith Paper Fabrics India Ltd.'s performance infers:

Voith Paper Fabrics India Ltd. earnings have grown by 12%, whereas share price has appreciated 12.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Voith Paper Fabrics India Ltd. share prices over the last 10 years. Here is what we found out:

Voith Paper Fabrics India Ltd. share price has appreciated 18.5% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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