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NR Agarwal Inds

₹448.1 -1 | 0.2%

Market Cap ₹763 Cr.

Stock P/E 5.9

P/B 1

Current Price ₹448.1

Book Value ₹ 438.1

Face Value 10

52W High ₹532.2

Dividend Yield 0%

52W Low ₹ 249.6

NR Agarwal Inds Research see more...

Overview Inc. Year: 1993Industry: Paper & Paper Products

N R Agarwal Industries Ltd is an totally India-based company, which is engaged within the manufacture of paper, paper boards and newsprint. The Company is likewise concerned in duplex forums, and writing and printing enterprise. It is engaged inside the improvement and manufacturing of finished paper merchandise with the aid of recycling of waste paper, and marketing in domestic and global markets. Its products include duplex boards, which encompass Grey Back Unit I, Grey Back Unit IV, White Back Unit I, White Back Unit III; writing and printing papers, which consist of NR Excel Specification Sheet (SS), NR Excel NSS, NR Maxima SS, NR Maxima NSS and NR Classic NSS, and newsprint, which includes NR Hi-Speed News Print. In addition, the Company owns a cogeneration electricity plant to produce power, in addition to steam in all units of board, news print, and writing and printing paper required for pulp and paper technique. It has approximately five manufacturing plants positioned at Valsad, Gujarat.

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NR Agarwal Inds Share Price

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NR Agarwal Inds Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 392 383 395 446 495 504 380 369 342 336
Other Income 4 3 2 2 5 3 2 3 2 2
Total Income 396 386 398 449 500 507 383 371 343 338
Total Expenditure 343 359 368 403 436 450 344 322 294 288
Operating Profit 53 26 30 45 64 57 39 49 49 50
Interest 6 7 6 5 4 4 3 2 1 2
Depreciation 9 9 9 7 9 9 9 9 9 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 37 10 14 33 52 44 27 39 39 39
Provision for Tax 12 4 5 14 19 17 7 -2 1 7
Profit After Tax 26 6 10 19 33 27 19 41 38 31
Adjustments -0 0 0 -0 0 0 0 0 -0 0
Profit After Adjustments 26 6 10 19 33 27 19 41 38 31
Adjusted Earnings Per Share 15.3 3.8 5.6 11.2 19.2 16.1 11.3 23.8 22.2 18.5

NR Agarwal Inds 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 512 541 725 883 1044 1190 1318 1405 1146 1617 1766 1427
Other Income 4 4 6 8 6 6 8 12 8 11 13 9
Total Income 516 544 731 891 1050 1197 1327 1417 1154 1628 1779 1435
Total Expenditure 491 522 695 818 906 1033 1134 1189 1013 1474 1582 1248
Operating Profit 25 23 36 73 144 164 193 228 141 154 197 187
Interest 10 12 36 46 43 40 35 36 30 25 14 8
Depreciation 9 10 18 23 25 26 27 32 33 34 36 36
Exceptional Income / Expenses 0 0 0 0 1 0 0 0 0 0 0 0
Profit Before Tax 5 1 -17 4 78 97 131 161 78 95 148 144
Provision for Tax 1 0 16 -14 28 7 36 44 20 34 48 13
Profit After Tax 5 0 -33 18 50 90 95 117 57 61 99 129
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 5 0 -33 18 50 90 95 117 57 61 99 129
Adjusted Earnings Per Share 2.7 0.3 -19.6 10.5 29.2 53 55.6 68.6 33.6 35.9 58.3 75.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 9% 8% 8% 13%
Operating Profit CAGR 28% -5% 4% 23%
PAT CAGR 62% -5% 2% 35%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 70% 26% 9% 34%
ROE Average 17% 14% 22% 18%
ROCE Average 22% 19% 24% 18%

NR Agarwal Inds 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 110 111 76 94 133 219 312 419 476 536 636
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 168 223 229 217 187 154 160 131 46 36 133
Other Non-Current Liabilities 16 35 86 122 148 126 103 118 109 108 123
Total Current Liabilities 169 191 271 234 190 204 229 198 302 321 150
Total Liabilities 463 560 663 667 659 703 805 865 933 1001 1041
Fixed Assets 124 127 458 447 436 464 526 572 584 501 483
Other Non-Current Assets 218 307 15 34 35 30 27 31 37 43 218
Total Current Assets 121 126 190 186 188 209 251 261 312 365 339
Total Assets 463 560 663 667 659 703 805 865 933 1001 1041

NR Agarwal Inds 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 8 7 4 11 6 5 8 6 6 0 0
Cash Flow from Operating Activities 20 38 63 38 91 104 112 191 116 96 129
Cash Flow from Investing Activities -20 -98 -63 -31 -14 -47 -85 -52 -48 -41 -96
Cash Flow from Financing Activities -1 57 6 -11 -78 -55 -29 -139 -67 -55 -25
Net Cash Inflow / Outflow -1 -3 7 -5 -1 3 -2 -0 2 -0 8
Closing Cash & Cash Equivalent 7 4 11 6 5 8 6 6 7 0 8

NR Agarwal Inds 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) 2.7 0.27 -19.65 10.47 29.22 53.03 55.61 68.6 33.63 35.85 58.35
CEPS(Rs) 8.26 6.32 -9.27 24.27 43.62 68.45 71.74 87.11 53.03 56.07 79.39
DPS(Rs) 0 0 0 0 2 3 4 0 1 0 0
Book NAV/Share(Rs) 64.71 64.98 44.8 55.28 78.25 128.91 183.53 246.07 279.98 314.97 373.48
Core EBITDA Margin(%) 3.96 3.31 3.99 7.06 12.62 12.83 13.79 15.39 11.57 8.83 10.44
EBIT Margin(%) 2.91 2.16 2.43 5.39 11.04 11.19 12.36 14.01 9.42 7.41 9.15
Pre Tax Margin(%) 0.98 0.12 -2.26 0.44 7.14 7.92 9.78 11.46 6.78 5.85 8.37
PAT Margin (%) 0.85 0.08 -4.4 1.93 4.54 7.36 7.08 8.31 5 3.77 5.62
Cash Profit Margin (%) 2.61 1.9 -2.08 4.47 6.78 9.5 9.13 10.55 7.88 5.9 7.65
ROA(%) 1.02 0.09 -5.47 2.68 7.5 13.25 12.55 13.98 6.36 6.31 9.73
ROE(%) 4.26 0.41 -35.79 20.93 43.77 51.19 35.6 31.94 12.78 12.05 16.95
ROCE(%) 4.82 3.29 4.32 11.29 27.67 29.14 29.56 32.01 17.05 18.1 22.29
Receivable days 38.24 36.87 33.73 32.01 28.85 30.54 31.16 30.91 38.8 32.75 31.53
Inventory Days 21.56 20.49 22.47 25.03 21.5 19.69 23.71 26.88 38.47 32.79 29.05
Payable days 102.71 103.55 83.33 63.76 30.53 11.71 16.73 22.37 37.81 33.23 28.09
PER(x) 7.52 61.17 0 3.35 7.53 7.83 5.62 2.13 7.07 7.39 3.52
Price/Book(x) 0.31 0.25 0.38 0.63 2.81 3.22 1.7 0.59 0.85 0.84 0.55
Dividend Yield(%) 0 0 0 0 0.91 0.72 1.28 0 0.42 0 0
EV/Net Sales(x) 0.48 0.6 0.53 0.45 0.64 0.83 0.62 0.32 0.49 0.36 0.25
EV/Core EBITDA(x) 9.89 14.45 10.62 5.47 4.64 6.04 4.27 1.95 4.01 3.81 2.2
Net Sales Growth(%) 4 5.51 34.12 21.84 18.25 13.98 10.73 6.58 -18.46 41.1 9.25
EBIT Growth(%) -43.95 -21.81 50.99 170.03 142.85 13.46 20.4 19.12 -45.17 11.04 34.79
PAT Growth(%) -67.42 -90.15 -7494.85 153.32 178.99 81.46 4.88 23.36 -50.98 6.63 62.74
EPS Growth(%) -67.42 -90.15 -7494.84 153.32 178.99 81.46 4.88 23.36 -50.98 6.63 62.74
Debt/Equity(x) 2 2.73 4.79 3.69 2.25 1.32 0.95 0.48 0.35 0.27 0.21
Current Ratio(x) 0.71 0.66 0.7 0.8 0.99 1.02 1.1 1.32 1.03 1.13 2.26
Quick Ratio(x) 0.53 0.49 0.48 0.51 0.66 0.69 0.64 0.8 0.57 0.66 1.4
Interest Cover(x) 1.51 1.06 0.52 1.09 2.83 3.42 4.78 5.49 3.56 4.75 11.72
Total Debt/Mcap(x) 6.38 10.92 12.54 5.82 0.8 0.41 0.56 0.81 0.42 0.32 0.39

NR Agarwal Inds Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.55 73.55 73.55 73.55 73.55 73.55 73.96 73.96 73.96 73.96
FII 0.73 0.64 0.54 0.45 0.41 0.41 0.36 0.21 0.39 0.41
DII 0.01 0.01 0.01 0.01 0.01 0.02 0.17 0.01 0.01 0.01
Public 25.71 25.8 25.9 25.99 26.03 26.03 25.51 25.81 25.63 25.61
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 33.23 to 28.09days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 14% over the last 3 years.
  • The company has delivered a poor profit growth of 1% over past five years.

* 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.

NR Agarwal Inds News

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