Voith Paper Fabrics India Ltd - Stock Valuation and Financial Performance

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

Voith Paper Fabrics Share Price

2,425 10.25 0.42%
as on 26-Jul'24 16:01

DeciZen - make an informed investing decision on Voith Paper Fabrics

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Voith Paper Fabrics India stock performance -

mw4me loader
P/E Ratio (SA):
29.39
Market Cap:
1,066.8 Cr.
52-wk low:
1,515
52-wk high:
2,909.3

Is Voith Paper Fabrics India Ltd an attractive stock to invest in?

1. Is Voith Paper Fabrics India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Voith Paper Fabrics India Ltd is a average quality company.

2. Is Voith Paper Fabrics India Ltd undervalued or overvalued?

The key valuation ratios of Voith Paper Fabrics India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Voith Paper Fabrics India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Voith Paper Fabrics India 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 Voith Paper Fabrics:

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.
Voith Paper Fabrics India 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 15.4%10%10.5%9.7%11.4%11.2%10.9%10.9%10.7%10.9%-
Value Creation
Index
0.1-0.3-0.3-0.3-0.2-0.2-0.2-0.2-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 68.275.581.594.1112118119145164180180
Sales YoY Gr.-10.7%7.9%15.4%19%5%0.8%22.5%13.2%9.3%-
Adj EPS 32.235.140.441.252.856.761.367.573.282.382.6
YoY Gr.-8.8%15.1%2.1%28.1%7.4%8.2%10.1%8.5%12.5%-
BVPS (₹) 223.8365.1404.9441.8483.5532.8589.8651.6717.7793.1793.2
Adj Net
Profit
14.215.417.718.123.224.926.929.632.236.236
Cash Flow from Ops. 10.611.314.722.816.720.228.426.126.226.3-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.4%9.9%14.9%9.3%
Adj EPS 11%9.3%10.3%12.5%
BVPS15.1%10.4%10.4%10.5%
Share Price 22.4% 26.1% 27.5% 52.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
15.41010.59.711.411.210.910.910.710.910.4
Op. Profit
Mgn %
24.527.43126.426.326.930.127.625.425.125.4
Net Profit
Mgn %
20.720.421.719.220.721.222.720.419.620.120.2
Debt to
Equity
00000000000
Working Cap
Days
118220254252216166204256281326261
Cash Conv.
Cycle
40597161455258566266225

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.86%

Net Profit is growing at healthy rate in last 3 years 10.34%

Return on Equity has declined versus last 3 years average to 10.40%

Sales growth is not so good in last 4 quarters at 9.27%

Latest Financials - Voith Paper Fabrics India Ltd.

Standalone Consolidated
TTM EPS (₹) 82.6 -
TTM Sales (₹ Cr.) 180 -
BVPS (₹.) 793.2 -
Reserves (₹ Cr.) 344 -
P/BV 3.06 -
PE 29.39 -
From the Market
52 Week Low / High (₹) 1515.00 / 2909.30
All Time Low / High (₹) 21.90 / 2909.30
Market Cap (₹ Cr.) 1,067
Equity (₹ Cr.) 4.4
Face Value (₹) 10
Industry PE 30.6

Management X-Ray of Voith Paper Fabrics:

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 Voith Paper Fabrics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales102768294112118119145164180
Operating Expenses 77555669838683106123135
Manufacturing Costs19191719212426333940
Material Costs31202131414035475462
Employee Cost 19101112141516181922
Other Costs 967787681111
Operating Profit 25212525293235394145
Operating Profit Margin (%) 24.5%27.4%30.9%26.4%26.1%26.9%29.9%27.2%25.0%25.1%
Other Income 1488999881115
Interest 0000000000
Depreciation 656667881011
Exceptional Items 00000-10000
Profit Before Tax 33242728323336404349
Tax 118910999101113
Profit After Tax 21151818232527293236
PAT Margin (%) 20.9%20.5%21.7%19.2%20.6%20.9%22.8%20.2%19.3%20.2%
Adjusted EPS (₹)48.735.240.341.252.655.961.666.772.382.6
Dividend Payout Ratio (%)9%11%10%22%10%9%8%9%10%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 147160178194212234259286315348
Share Capital 4444444444
Reserves 143156173190208230255282311344
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables108710111213162018
Others Liabilities 163341454211587182103
Total Liabilities 174201226249265257330373418469

Fixed Assets

Gross Block74904849689295110127166
Accumulated Depreciation3944612172430384758
Net Fixed Assets354642375068657279109
CWIP 81110231212743
Investments 0000000000
Inventories109108131719253235
Trade Receivables17192018171718222425
Cash Equivalents 8895116135126137161181194176
Others Assets16303640367546685121
Total Assets 174201226249265257330373418469

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 16111523172028262626
PBT 33242728323336404349
Adjustment -4-3-1-2-2-1110-2
Changes in Working Capital -0-1-28-4-3-0-5-6-8
Tax Paid -13-8-9-11-10-9-8-9-11-12
Cash Flow From Investing Activity -47-25-11-19-5-24-27-18-22-20
Capex -14-9-2-10-30-15-8-11-20-25
Net Investments 0000000-13-9-8
Others -33-15-10-1025-9-196812
Cash Flow From Financing Activity -2-2-2-2-5-3-2-2-3-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -1-2-2-2-4-3-2-2-3-3
Others 0000-100000
Net Cash Flow -32-16127-6-1623
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)15.4910.0510.459.7411.3610.9910.9810.7510.5610.94
ROCE (%)23.8115.3116.0614.8615.9814.9514.5214.514.2314.71
Asset Turnover Ratio0.710.450.420.410.440.450.410.410.420.41
PAT to CFO Conversion(x)0.760.730.831.280.740.81.040.90.810.72
Working Capital Days
Receivable Days53788072575355505150
Inventory Days30423935354655556368
Payable Days1081651279994106127113122114

Voith Paper Fabrics India Ltd Stock News

Voith Paper Fabrics India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Voith Paper Fabrics on 26-Jul-2024 16:01 is ₹2,425.
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 26-Jul-2024 16:01 the market cap of Voith Paper Fabrics stood at ₹1,066.8.
The latest P/E ratio of Voith Paper Fabrics as of 26-Jul-2024 16:01 is 29.39.
The latest P/B ratio of Voith Paper Fabrics as of 26-Jul-2024 16:01 is 3.06.
The 52-week high of Voith Paper Fabrics is ₹2,909.3 and the 52-week low is ₹1,515.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Voith Paper Fabrics is ₹179.6 ( Cr.) .

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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