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Voith Paper Fabrics India

BSE:522122
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
522122
BSE
₹4B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Voith Paper Fabrics India Limited manufactures and sells paper machine clothing for pulp, paper and paperboard, and fiber-cement industries in India and internationally. The last earnings update was 71 days ago. More info.


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522122 Share Price and Events
7 Day Returns
1%
BSE:522122
1.4%
IN Luxury
1.7%
IN Market
1 Year Returns
-6%
BSE:522122
-3.3%
IN Luxury
0.1%
IN Market
522122 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Voith Paper Fabrics India (522122) 1% 2.3% 4% -6% 56.6% 208%
IN Luxury 1.4% 2% 8.4% -3.3% 47.7% 164.2%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • 522122 underperformed the Luxury industry which returned -3.3% over the past year.
  • 522122 underperformed the Market in India which returned 0.1% over the past year.
Price Volatility
522122
Industry
5yr Volatility vs Market
Related Companies

522122 Value

 Is Voith Paper Fabrics India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Voith Paper Fabrics India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Voith Paper Fabrics India.

BSE:522122 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:522122
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 35%) (0%))
0.818
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.818 * 8.6%)
14.58%

Discounted Cash Flow Calculation for BSE:522122 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Voith Paper Fabrics India is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:522122 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.58%)
2019 157.04 Est @ 12.75% 137.05
2020 174.61 Est @ 11.19% 132.99
2021 192.24 Est @ 10.1% 127.79
2022 210.19 Est @ 9.33% 121.94
2023 228.68 Est @ 8.8% 115.78
2024 247.95 Est @ 8.42% 109.56
2025 268.19 Est @ 8.16% 103.42
2026 289.58 Est @ 7.98% 97.46
2027 312.32 Est @ 7.85% 91.73
2028 336.55 Est @ 7.76% 86.27
Present value of next 10 years cash flows ₹1,123.99
BSE:522122 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹336.55 × (1 + 7.55%) ÷ (14.58% – 7.55%)
₹5,146.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹5,146.78 ÷ (1 + 14.58%)10
₹1,319.30
BSE:522122 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,123.99 + ₹1,319.30
₹2,443.29
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹2,443.29 / 4.39
₹556.23
BSE:522122 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹556.23
Current discount Discount to share price of ₹832.25
= -1 x (₹832.25 - ₹556.23) / ₹556.23
-49.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Voith Paper Fabrics India is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Voith Paper Fabrics India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Voith Paper Fabrics India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:522122 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹48.60
BSE:522122 Share Price ** BSE (2019-04-18) in INR ₹832.25
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.35x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Voith Paper Fabrics India.

BSE:522122 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:522122 Share Price ÷ EPS (both in INR)

= 832.25 ÷ 48.60

17.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Voith Paper Fabrics India is overvalued based on earnings compared to the IN Luxury industry average.
  • Voith Paper Fabrics India is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Voith Paper Fabrics India's expected growth come at a high price?
Raw Data
BSE:522122 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
1.7%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.57x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Voith Paper Fabrics India, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Voith Paper Fabrics India's assets?
Raw Data
BSE:522122 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹456.50
BSE:522122 Share Price * BSE (2019-04-18) in INR ₹832.25
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:522122 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:522122 Share Price ÷ Book Value per Share (both in INR)

= 832.25 ÷ 456.50

1.82x

* Primary Listing of Voith Paper Fabrics India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Voith Paper Fabrics India is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Voith Paper Fabrics India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Voith Paper Fabrics India has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

522122 Future Performance

 How is Voith Paper Fabrics India expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Voith Paper Fabrics India, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Voith Paper Fabrics India expected to grow at an attractive rate?
  • Voith Paper Fabrics India's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Voith Paper Fabrics India's earnings growth is positive but not above the India market average.
  • Unable to compare Voith Paper Fabrics India's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:522122 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:522122 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 1.7%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:522122 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:522122 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:522122 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,039 213
2018-09-30 999 205
2018-06-30 972 195
2018-03-31 941 228 181
2017-12-31 921 187
2017-09-30 886 183
2017-06-30 844 177
2017-03-31 815 147 177
2016-12-31 780 162
2016-09-30 770 160
2016-06-30 748 153
2016-03-31 746 113 155

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Voith Paper Fabrics India's earnings are expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Voith Paper Fabrics India is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:522122 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Voith Paper Fabrics India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:522122 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:522122 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 48.60
2018-09-30 46.57
2018-06-30 44.44
2018-03-31 41.24
2017-12-31 42.69
2017-09-30 41.62
2017-06-30 40.25
2017-03-31 40.25
2016-12-31 36.97
2016-09-30 36.53
2016-06-30 34.82
2016-03-31 35.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Voith Paper Fabrics India will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Voith Paper Fabrics India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Voith Paper Fabrics India has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

522122 Past Performance

  How has Voith Paper Fabrics India performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Voith Paper Fabrics India's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Voith Paper Fabrics India's year on year earnings growth rate has been positive over the past 5 years.
  • Voith Paper Fabrics India's 1-year earnings growth exceeds its 5-year average (13.9% vs 8.6%)
  • Voith Paper Fabrics India's earnings growth has not exceeded the IN Luxury industry average in the past year (13.9% vs 14.8%).
Earnings and Revenue History
Voith Paper Fabrics India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Voith Paper Fabrics India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:522122 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,038.91 213.49 129.36
2018-09-30 999.25 204.55 128.46
2018-06-30 971.96 195.24 126.51
2018-03-31 941.13 181.15 123.57
2017-12-31 921.24 187.49 120.05
2017-09-30 885.64 182.83 116.00
2017-06-30 843.71 176.79 113.96
2017-03-31 815.20 176.78 109.02
2016-12-31 779.90 162.37 87.31
2016-09-30 769.58 160.44 92.74
2016-06-30 747.88 152.91 107.82
2016-03-31 746.18 154.69 106.47
2015-12-31 724.99 157.89 194.71
2015-09-30 717.80 158.96 193.17
2015-06-30 716.50 160.51 191.73
2015-03-31 697.90 151.04 131.13
2014-06-30 647.29 134.13 156.89
2014-03-31 633.16 136.04 151.95
2013-12-31 599.82 132.73 181.12
2013-09-30 591.90 128.60 152.31
2013-06-30 572.03 124.90 154.68
2013-03-31 563.84 125.37 157.69
2012-12-31 578.17 126.89 161.66
2012-09-30 577.53 130.19 159.92
2012-06-30 571.73 129.20 150.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Voith Paper Fabrics India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Voith Paper Fabrics India used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Voith Paper Fabrics India has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Voith Paper Fabrics India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Voith Paper Fabrics India has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

522122 Health

 How is Voith Paper Fabrics India's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Voith Paper Fabrics India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Voith Paper Fabrics India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Voith Paper Fabrics India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Voith Paper Fabrics India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Voith Paper Fabrics India has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Voith Paper Fabrics India Company Filings, last reported 3 months ago.

BSE:522122 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,005.64 0.00 1,231.68
2018-09-30 2,005.64 0.00 1,231.68
2018-06-30 1,940.77 0.00 1,354.13
2018-03-31 1,940.77 0.00 1,354.13
2017-12-31 1,846.32 0.00 1,306.30
2017-09-30 1,846.32 0.00 1,306.30
2017-06-30 1,779.32 0.00 1,132.47
2017-03-31 1,778.59 0.00 1,161.73
2016-12-31 1,684.76 0.00 1,081.63
2016-09-30 1,684.76 0.00 1,081.63
2016-06-30 1,603.49 0.00 951.29
2016-03-31 1,603.49 0.00 951.29
2015-12-31 1,545.47 0.00 957.20
2015-09-30 1,545.47 0.00 957.20
2015-06-30 1,474.83 0.00 880.86
2015-03-31 1,474.83 0.00 880.86
2014-06-30 1,351.51 0.00 760.90
2014-03-31 1,351.51 0.00 760.90
2013-12-31 1,284.79 0.00 798.61
2013-09-30 1,284.79 0.00 798.61
2013-06-30 1,230.89 0.00 758.47
2013-03-31 1,230.89 0.00 758.47
2012-12-31 1,171.61 0.00 714.51
2012-09-30 1,171.61 0.00 714.51
2012-06-30
  • Voith Paper Fabrics India has no debt.
  • Voith Paper Fabrics India has not taken on any debt in the past 5 years.
  • Voith Paper Fabrics India has no debt, it does not need to be covered by operating cash flow.
  • Voith Paper Fabrics India has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Voith Paper Fabrics India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Voith Paper Fabrics India has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

522122 Dividends

 What is Voith Paper Fabrics India's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.48%
Current annual income from Voith Paper Fabrics India dividends.
If you bought ₹2,000 of Voith Paper Fabrics India shares you are expected to receive ₹10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Voith Paper Fabrics India's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.49%).
  • Voith Paper Fabrics India's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:522122 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:522122 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:522122 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-06-06 4.000 0.506
2017-07-13 4.000 0.500
2017-05-25 4.000 0.587
2016-07-11 4.000 0.698
2016-05-09 4.000 0.692
2015-05-11 4.500 0.777
2015-04-28 4.500 0.932
2013-11-08 3.000 0.930
2012-12-13 3.000 1.213
2012-01-03 3.000 1.072
2010-12-08 3.000 1.377
2009-11-16 4.000 2.070
2009-10-15 4.000 2.592
2009-04-20 3.000 2.537

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Voith Paper Fabrics India's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (12.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Voith Paper Fabrics India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Voith Paper Fabrics India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Voith Paper Fabrics India has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

522122 Management

 What is the CEO of Voith Paper Fabrics India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
R. Kumar
COMPENSATION ₹14,736,591
AGE 43
TENURE AS CEO 4.7 years
CEO Bio

Mr. R. Krishna Kumar is a Co-Founder of Simbus Technologies Pvt. Ltd. and serves as its Managing Director. Mr. Kumar serves as the Chief Executive Officer of Integra Apparels and Textiles Limited. Mr. Kumar served as the President of Voith Paper Fabrics India Limited and has been its Managing Director since August 1, 2014. He served as Vice President of Voith Paper Fabrics India Limited. Mr. Kumar was founder of Integra Apparels. Mr. Kumar has 18 years of experience in leadership positions in the apparel industry. Mr. Kumar served as the Chief Executive Officer of Integra Apparels and Textiles Pvt at Morarjee Textiles Limited until February 26, 2010. He has been a Director of Voith Paper Fabrics India Limited since July 23, 2014. He was employed at blue chip companies like Madura Garments and Arvind. He is graduate of BITS, Pilani and IIM, Calcutta.

CEO Compensation
  • R.'s compensation has been consistent with company performance over the past year.
  • R.'s remuneration is higher than average for companies of similar size in India.
Management Team

R. Kumar

TITLE
MD & Director
COMPENSATION
₹15M
AGE
43
TENURE
4.7 yrs

Kalyan Dasgupta

TITLE
VP, CFO & Finance Controller
COMPENSATION
₹4M
AGE
55

C. Gugliani

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹2M
AGE
54

Krishan Maheshwari

TITLE
Assistant Company Secretary
Board of Directors Tenure

Average tenure and age of the Voith Paper Fabrics India board of directors in years:

7
Average Tenure
73
Average Age
  • The tenure for the Voith Paper Fabrics India board of directors is about average.
Board of Directors

Benno Morlock

TITLE
Chairman of the Board
TENURE
0.8 yrs

R. Kumar

TITLE
MD & Director
COMPENSATION
₹15M
AGE
43
TENURE
4.8 yrs

Ravi Nath

TITLE
Non-Executive & Independent Director
COMPENSATION
₹330K
AGE
73
TENURE
20.5 yrs

Biren De

TITLE
Non-Executive & Independent Director
COMPENSATION
₹330K
AGE
85
TENURE
32.6 yrs

Surinder Nagpal

TITLE
Non-Executive & Independent Director
COMPENSATION
₹240K
AGE
82
TENURE
9.3 yrs

Shahana Basu

TITLE
Non-Executive Woman Director
COMPENSATION
₹210K
AGE
50
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Voith Paper Fabrics India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Voith Paper Fabrics India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

522122 News

Simply Wall St News

Can Voith Paper Fabrics India Limited's (BOM:522122) ROE Continue To Surpass The Industry Average?

and want to begin learning the link between Voith Paper Fabrics India Limited (BOM:522122)’s return fundamentals and stock market performance. … Voith Paper Fabrics India Limited (BOM:522122) delivered an ROE of 9.33% over the past 12 months, which is relatively in-line with its industry average of 7.55% during the same period. … Return on Equity (ROE) is a measure of Voith Paper Fabrics India’s profit relative to its shareholders’ equity.

Simply Wall St -

522122 Company Info

Description

Voith Paper Fabrics India Limited manufactures and sells paper machine clothing for pulp, paper and paperboard, and fiber-cement industries in India and internationally. It offers forming, press, and dryer fabrics, as well as fabrics used for making fiber cement sheets and pipes. The company also provides range of roll covers and doctor blades for various types of paper machines. The company was formerly known as Porritts & Spencer (Asia) Limited and changed its name to Voith Paper Fabrics India Limited in 2007. The company was founded in 1968 and is based in Faridabad, India. Voith Paper Fabrics India Limited is a subsidiary of VP Auslandsbeteiligungen GmbH.

Details
Name: Voith Paper Fabrics India Limited
522122
Exchange: BSE
Founded: 1968
₹3,666,468,997
4,392,559
Website: http://voith.com/ind-en/Voith-Paper-Fabrics-India-Limited.htm
Address: Voith Paper Fabrics India Limited
113/114-A, Sector 24,
Faridabad,
Haryana, 121005,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 522122 Equity Shares Mumbai Stock Exchange IN INR 05. Sep 2001
Number of employees
Current staff
Staff numbers
106
Voith Paper Fabrics India employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:38
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/05/04
Last earnings filing: 2019/02/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.