Naperol Investments

₹894.9 42.2 | 4.9%

WEBSITE BSE:500298 NSE : NAPEROL 10 May, 16:01

Market Cap ₹514 Cr.

Stock P/E 120.4

P/B 0.5

Current Price ₹894.9

Book Value ₹ 1835.3

Face Value 10

52W High ₹2415

Dividend Yield 0.11%

52W Low ₹ 801

Edit Ratio

Naperol Investments Research see more...

Overview Inc. Year: 1954Industry: Chemicals

National Peroxide Ltd is a producer of compressed hydrogen gas, hydrogen peroxide, sodium perborate, and per acetic acid. The Company operates via two divisions: production of peroxygens and hydrogen gas, and others, which consists of investing activities. It manufactures hydrogen peroxide with an capacity of 95,000 metric tons per annum (MTPA) on 50% weight per weight (w/w). Basis and in about 4 special forms, which consist of 50% w/w (Concentrated), 60% w/w (Concentrated), 35% w/w (Concentrated) and 70% w/w (Distillate). The Company's included production website for hydrogen peroxide is positioned at Kalyan in Maharashtra (India). The Company's subsidiary is Naperol Investments Ltd.

Naperol Investments Share Price

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Peer Comparison

Naperol Investments Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Sep 2023	Dec 2023	Mar 2024
Net Sales	69	77	66	70	99	0	1	0
Other Income	1	2	3	3	3	0	0	0
Total Income	71	79	69	72	102	0	1	0
Total Expenditure	53	49	38	38	41	0	0	1
Operating Profit	18	29	31	34	61	-0	1	-1
Interest	1	0	0	0	0	0	0	0
Depreciation	2	2	2	2	2	0	0	0
Exceptional Income / Expenses	-8	0	1	0	0	0	0	0
Profit Before Tax	8	27	29	32	58	-0	1	-1
Provision for Tax	2	9	10	11	21	-0	0	-0
Profit After Tax	5	18	19	21	37	-0	1	-1
Adjustments	-5	-18	-19	-21	-37	0	0	0
Profit After Adjustments	0	0	0	0	0	-0	1	-1
Adjusted Earnings Per Share	9	31.2	33.3	36.1	64.9	-0	0.9	-1

Naperol Investments Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	212	235	196	234	232	306	402	191	214	0	2	100
Other Income	5	6	6	8	6	10	19	18	13	0	0	3
Total Income	217	241	203	242	238	316	421	209	227	0	2	103
Total Expenditure	146	174	174	198	163	161	175	166	170	3	2	42
Operating Profit	72	67	28	44	76	155	245	43	57	-3	-0	61
Interest	0	0	5	5	2	1	1	3	13	0	0	0
Depreciation	11	10	7	9	9	9	9	11	17	0	0	2
Exceptional Income / Expenses	0	1	0	-1	-8	1	0	0	-15	5	376	0
Profit Before Tax	60	58	16	29	57	146	235	29	12	2	376	58
Provision for Tax	21	20	10	11	19	51	82	12	-9	1	1	21
Profit After Tax	40	39	6	18	38	95	153	17	21	1	375	37
Adjustments	0	0	0	0	0	0	0	0	0	4	0	-37
Profit After Adjustments	40	39	6	18	38	95	153	17	21	5	375	0
Adjusted Earnings Per Share	69.3	67.2	10.8	31.3	65.9	165.5	266.3	30.2	36.2	1.1	653	64.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	-78%	-63%	-37%
Operating Profit CAGR	0%	-100%	-100%	-100%
PAT CAGR	37400%	180%	32%	25%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-37%	-28%	-19%	7%
ROE Average	69%	24%	21%	18%
ROCE Average	63%	22%	22%	23%

Naperol Investments Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	178	207	209	220	374	509	615	486	588	537	557
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	30	10	0	0	70	0	0	14	0
Other Non-Current Liabilities	95	94	108	117	27	36	40	216	216	215	179
Total Current Liabilities	41	62	76	49	38	39	59	217	160	107	1
Total Liabilities	314	363	423	396	440	585	784	919	964	873	737
Fixed Assets	110	117	187	180	178	170	166	372	342	338	0
Other Non-Current Assets	90	131	93	96	133	205	285	357	457	412	734
Total Current Assets	113	115	143	120	129	210	333	190	164	123	3
Total Assets	314	363	423	396	440	585	784	919	964	873	737

Naperol Investments Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0	0	0	0	3	11	2	7	0
Cash Flow from Operating Activities	41	28	21	22	59	94	148	16	61	9	1
Cash Flow from Investing Activities	-29	-21	-75	29	-31	-56	-175	-38	-7	34	1
Cash Flow from Financing Activities	-12	-7	54	-51	-28	-35	35	14	-49	-49	-3
Net Cash Inflow / Outflow	0	0	0	-0	-0	3	8	-9	4	-6	-0
Closing Cash & Cash Equivalent	0	0	0	0	0	3	11	2	7	0	0

Naperol Investments Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	69.27	67.2	10.85	31.27	65.92	165.51	266.28	30.22	36.21	1.13	652.95
CEPS(Rs)	88.41	84.14	23.4	46.85	81.45	181.5	282.35	49.76	66.66	1.13	652.95
DPS(Rs)	15	15	5	10	34	65	65	12.5	12.5	5	1
Book NAV/Share(Rs)	309.82	359.46	363.57	382.8	651.13	885.42	1070.28	846.45	1023.87	934.82	969.77
Core EBITDA Margin(%)	28.07	23.35	9.97	13.77	26.64	46.08	56.32	13.12	19.91	-1036.4	-12.65
EBIT Margin(%)	25.61	22.45	9.64	13.09	22.65	46.71	58.78	16.64	10.9	529.37	0
Pre Tax Margin(%)	25.46	22.37	7.5	11.02	21.81	46.55	58.6	15.21	5.26	529.37	0
PAT Margin (%)	16.77	14.8	2.85	6.9	14.48	30.28	38.12	9.11	9.28	225.37	0
Cash Profit Margin (%)	21.4	18.53	6.14	10.34	17.9	33.21	40.41	15	17.07	225.37	0
ROA(%)	13.96	11.42	1.59	4.39	9.07	18.57	22.37	2.04	2.21	0.07	46.61
ROE(%)	24.4	20.08	3	8.38	12.75	21.54	27.23	3.15	3.87	0.12	68.57
ROCE(%)	36.55	30.07	8.56	12.81	18.65	32.82	39.21	4.73	3.59	0.23	63.29
Receivable days	43.08	44.87	58.09	48.92	45.93	50.21	38.11	60.16	45.62	0	1917.76
Inventory Days	14.72	22.5	33.34	21.1	17.59	15.01	21.15	53.81	33.64	0	0
Payable days	156.92	130.94	117.68	98.56	112.4	87.67	93.14	94.65	91.11	0	0
PER(x)	6.46	6.41	51.76	17.74	14.87	14.12	10.58	38.83	60.58	1408.3	1.9
Price/Book(x)	1.44	1.2	1.54	1.45	1.51	2.64	2.63	1.39	2.14	1.7	1.28
Dividend Yield(%)	3.35	3.48	0.89	1.8	3.47	2.78	2.31	1.07	0.57	0.32	0.08
EV/Net Sales(x)	1.21	1.07	2.01	1.49	2.47	4.38	4.19	4.37	6.43	3494.93	375.67
EV/Core EBITDA(x)	3.58	3.73	13.95	7.93	7.56	8.65	6.87	19.39	23.99	-337.22	-2986.89
Net Sales Growth(%)	37.82	10.49	-16.3	18.97	-0.53	31.53	31.4	-52.52	12.5	-99.87	558.14
EBIT Growth(%)	54.71	-3.61	-64.01	61.61	73.84	147.63	60.84	-86.55	-22.94	-93.78	0
PAT Growth(%)	44.85	-2.99	-83.86	188.23	110.8	151.08	60.89	-88.65	19.84	-96.89	0
EPS Growth(%)	44.85	-2.99	-83.86	188.23	110.8	151.08	60.89	-88.65	19.84	-96.89	0
Debt/Equity(x)	0.01	0.02	0.35	0.14	0.03	0	0.13	0.33	0.21	0.17	0
Current Ratio(x)	2.78	1.84	1.88	2.45	3.36	5.32	5.69	0.87	1.03	1.15	2.18
Quick Ratio(x)	2.58	1.46	1.67	2.17	3.07	4.95	5.28	0.76	0.92	0.88	2.18
Interest Cover(x)	175.08	270.65	4.5	6.33	26.81	290.04	322.89	11.59	1.93	0	0
Total Debt/Mcap(x)	0	0.02	0.23	0.1	0.02	0	0.05	0.24	0.1	0.1	0

Naperol Investments Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	70.76	70.76	70.76	70.76	70.76	70.76	70.76	70.76	70.76	70.76
FII	0	0	0	0	0	0	0	0.07	0	0
DII	0.25	0.25	0.25	0.27	0.27	0.01	0.01	0.01	0.01	0.01
Public	28.99	28.99	28.99	28.97	28.97	29.23	29.23	29.16	29.23	29.23
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.41	0.41	0.41	0.41	0.41	0.41	0.41	0.41	0.41	0.41
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17
Others	0	0	0	0	0	0	0	0	0	0
Total	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.57

Pros

Stock is trading at 0.5 times its book value
Company has delivered good profit growth of 31% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 24%
Company has reduced debt.
Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.