Voith Paper Fabrics India Ltd - Stock Valuation and Financial Performance

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

Voith Paper Fabrics Share Price

1,918 -0.75 -0.04%
as on 12-Apr'24 10:20

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):
21.77
Market Cap:
842.8 Cr.
52-wk low:
982
52-wk high:
2,299.8

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

Sep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.8%15.4%10%10.5%9.7%11.4%11.2%10.9%10.9%10.7%-
Value Creation
Index
-0.20.1-0.3-0.3-0.3-0.2-0.2-0.2-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 59.268.275.581.594.1112118119145164176
Sales YoY Gr.-15.2%10.7%7.9%15.4%19%5%0.8%22.5%13.2%-
Adj EPS 30.132.235.140.441.252.856.761.367.573.288.1
YoY Gr.-7.1%8.8%15.1%2.1%28.1%7.4%8.2%10.1%8.5%-
BVPS (₹) 292.5223.8365.1404.9441.8483.5532.8589.8651.6717.7776.8
Adj Net
Profit
13.214.215.417.718.123.224.926.929.632.239
Cash Flow from Ops. 6.410.611.314.722.816.720.228.426.126.2-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12%11.8%11.8%13.2%
Adj EPS 10.4%12.2%8.9%8.5%
BVPS10.5%10.2%10.4%10.2%
Share Price 22.4% 18.6% 21.9% 86.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Sep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.815.41010.59.711.411.210.910.910.711.8
Op. Profit
Mgn %
23.724.527.43126.426.326.930.127.625.427.7
Net Profit
Mgn %
22.320.720.421.719.220.721.222.720.419.622
Debt to
Equity
0000000000-
Working Cap
Days
166118220254252216166204256281259
Cash Conv.
Cycle
65405971614552585662225

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.80%

Sales growth is growing at healthy rate in last 3 years 11.80%

Sales growth is good in last 4 quarters at 10.33%

Net Profit has been subdued in last 3 years 8.92%

Latest Financials - Voith Paper Fabrics India Ltd.

Standalone Consolidated
TTM EPS (₹) 88.1 -
TTM Sales (₹ Cr.) 176 -
BVPS (₹.) 776.8 -
Reserves (₹ Cr.) 337 -
P/BV 2.47 -
PE 21.77 -
From the Market
52 Week Low / High (₹) 982.00 / 2299.75
All Time Low / High (₹) 21.90 / 2299.75
Market Cap (₹ Cr.) 843
Equity (₹ Cr.) 4.4
Face Value (₹) 10
Industry PE 29.2

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.)
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales59102768294112118119145164
Operating Expenses 4677555669838683106123
Manufacturing Costs11191917192124263339
Material Costs18312021314140354754
Employee Cost 11191011121415161819
Other Costs 69677876811
Operating Profit 14252125252932353941
Operating Profit Margin (%) 22.9%24.5%27.4%30.9%26.4%26.1%26.9%29.9%27.2%25.0%
Other Income 814889998811
Interest 0000000000
Depreciation 36566678810
Exceptional Items 000000-1000
Profit Before Tax 19332427283233364043
Tax 61189109991011
Profit After Tax 13211518182325272932
PAT Margin (%) 21.7%20.9%20.5%21.7%19.2%20.6%20.9%22.8%20.2%19.3%
Adjusted EPS (₹)29.348.735.240.341.252.655.961.666.772.3
Dividend Payout Ratio (%)10%9%11%10%22%10%9%8%9%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 128147160178194212234259286315
Share Capital 4444444444
Reserves 124143156173190208230255282311
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables81087101112131620
Others Liabilities 10163341454211587182
Total Liabilities 146174201226249265257330373418

Fixed Assets

Gross Block5774904849689295110127
Accumulated Depreciation3839446121724303847
Net Fixed Assets19354642375068657279
CWIP 178111023121274
Investments 0000000000
Inventories81091081317192532
Trade Receivables16171920181717182224
Cash Equivalents 808895116135126137161181194
Others Assets616303640367546685
Total Assets 146174201226249265257330373418

Cash Flow

(All Figures are in Crores.)
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6161115231720282626
PBT 19332427283233364043
Adjustment -4-4-3-1-2-2-1110
Changes in Working Capital -3-0-1-28-4-3-0-5-6
Tax Paid -6-13-8-9-11-10-9-8-9-11
Cash Flow From Investing Activity 45-47-25-11-19-5-24-27-18-22
Capex -7-14-9-2-10-30-15-8-11-20
Net Investments 0000000000
Others 52-33-15-10-1025-9-19-7-1
Cash Flow From Financing Activity -2-2-2-2-2-5-3-2-2-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -1-1-2-2-2-4-3-2-2-3
Others 00000-10000
Net Cash Flow 50-32-16127-6-162
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.4715.4910.0510.459.7411.3610.9910.9810.7510.56
ROCE (%)15.7423.8115.3116.0614.8615.9814.9514.5214.514.23
Asset Turnover Ratio0.470.710.450.420.410.440.450.410.410.42
PAT to CFO Conversion(x)0.460.760.730.831.280.740.81.040.90.81
Working Capital Days
Receivable Days80537880725753555051
Inventory Days48304239353546555563
Payable Days1491081651279994106127113122

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 12-Apr-2024 10:20 is ₹1,918.
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 12-Apr-2024 10:20 the market cap of Voith Paper Fabrics stood at ₹842.8.
The latest P/E ratio of Voith Paper Fabrics as of 12-Apr-2024 10:20 is 21.77.
The latest P/B ratio of Voith Paper Fabrics as of 12-Apr-2024 10:20 is 2.47.
The 52-week high of Voith Paper Fabrics is ₹2,299.8 and the 52-week low is ₹982.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Voith Paper Fabrics is ₹175.6 ( 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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