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National Plywood Industries

BSE:516062
Snowflake Description

Poor track record with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
516062
BSE
₹628M
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

National Plywood Industries Limited manufactures and sells plywood and laminates in India. The last earnings update was 3 days ago. More info.


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516062 Share Price and Events
7 Day Returns
0%
BSE:516062
2.8%
IN Forestry
-0.7%
IN Market
1 Year Returns
3.5%
BSE:516062
-35.9%
IN Forestry
-12.1%
IN Market
516062 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
National Plywood Industries (516062) 0% -4.5% -15.6% 3.5% - -
IN Forestry 2.8% -4.4% -8.2% -35.9% -5.1% 72.8%
IN Market -0.7% -5.7% -4.3% -12.1% 13% 25.2%
1 Year Return vs Industry and Market
  • 516062 outperformed the Forestry industry which returned -35.9% over the past year.
  • 516062 outperformed the Market in India which returned -12.1% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

516062 Value

 Is National Plywood Industries 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
  • It is not possible to calculate the future cash flow value for National Plywood Industries. This is due to cash flow or dividend data being unavailable. The share price is ₹25.5.
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 National Plywood Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are National Plywood Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:516062 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹0.30
BSE:516062 Share Price ** BSE (2019-08-02) in INR ₹25.5
India Forestry Industry PE Ratio Median Figure of 38 Publicly-Listed Forestry Companies 8.3x
India Market PE Ratio Median Figure of 2,785 Publicly-Listed Companies 13.56x

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

** Primary Listing of National Plywood Industries.

BSE:516062 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:516062 Share Price ÷ EPS (both in INR)

= 25.5 ÷ 0.30

85.37x

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

  • National Plywood Industries is overvalued based on earnings compared to the IN Forestry industry average.
  • National Plywood Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does National Plywood Industries's expected growth come at a high price?
Raw Data
BSE:516062 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 85.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Forestry Industry PEG Ratio Median Figure of 6 Publicly-Listed Forestry Companies 0.56x
India Market PEG Ratio Median Figure of 544 Publicly-Listed Companies 1.09x

*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 National Plywood Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on National Plywood Industries's assets?
Raw Data
BSE:516062 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹-2.74
BSE:516062 Share Price * BSE (2019-08-02) in INR ₹25.5
India Forestry Industry PB Ratio Median Figure of 42 Publicly-Listed Forestry Companies 0.82x
India Market PB Ratio Median Figure of 3,663 Publicly-Listed Companies 0.87x
BSE:516062 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:516062 Share Price ÷ Book Value per Share (both in INR)

= 25.5 ÷ -2.74

-9.31x

* Primary Listing of National Plywood Industries.

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

  • National Plywood Industries has negative assets, we can't compare the value of its assets to the IN Forestry industry average.
X
Value checks
We assess National Plywood Industries'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. National Plywood Industries 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.

516062 Future Performance

 How is National Plywood Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as National Plywood Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
12.9%
Expected Forestry industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is National Plywood Industries expected to grow at an attractive rate?
  • Unable to compare National Plywood Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare National Plywood Industries's earnings growth to the India market average as no estimate data is available.
  • Unable to compare National Plywood Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:516062 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Forestry Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
India Forestry Industry Revenue Growth Rate Market Cap Weighted Average 10.2%
India Market Earnings Growth Rate Market Cap Weighted Average 17.9%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*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:516062 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:516062 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 453 9
2019-03-31 398 7
2018-03-31 412 -32 4
2017-03-31 412 -8 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if National Plywood Industries is high growth as no earnings estimate data is available.
  • Unable to determine if National Plywood Industries 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:516062 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from National Plywood Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:516062 Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 0.30
2019-03-31 0.29
2018-03-31 0.74
2017-03-31 0.39

*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 National Plywood Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 516062’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. National Plywood Industries's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. National Plywood Industries's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess National Plywood Industries'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.
National Plywood Industries 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.

516062 Past Performance

  How has National Plywood Industries 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 National Plywood Industries's growth in the last year to its industry (Forestry).
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.
  • Insufficient data to establish if National Plywood Industries's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare National Plywood Industries's 1-year earnings growth to the 5-year average due to insufficient past data.
  • National Plywood Industries's earnings growth has exceeded the IN Forestry industry average in the past year (75% vs 43.2%).
Earnings and Revenue History
National Plywood Industries'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 National Plywood Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:516062 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 452.84 8.87 17.48
2019-03-31 398.25 7.20 17.07
2018-03-31 412.28 4.36 37.32
2017-03-31 412.15 2.31 34.19

*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.
  • It is difficult to establish if National Plywood Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • National Plywood Industries used its assets less efficiently than the IN Forestry industry average last year based on Return on Assets.
  • Unable to establish if National Plywood Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess National Plywood Industries'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 Forestry 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.
National Plywood Industries has a total score of 1/6, 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.

516062 Health

 How is National Plywood Industries'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 National Plywood Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • National Plywood Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • National Plywood Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of National Plywood Industries'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.
  • National Plywood Industries has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 National Plywood Industries Company Filings, last reported 1 month ago.

BSE:516062 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -69.27 107.69 30.66
2019-03-31 -73.45 107.74 34.07
2018-03-31 -397.53 229.05 7.82
2017-03-31 -401.89 210.11 2.76
  • National Plywood Industries has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if National Plywood Industries's debt level has increased considering it has negative shareholder equity.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 0.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess National Plywood Industries'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. National Plywood Industries has a total score of 1/6, 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.

516062 Dividends

 What is National Plywood Industries'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%
Current annual income from National Plywood Industries dividends.
If you bought ₹2,000 of National Plywood Industries shares you are expected to receive ₹0 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?
  • Unable to evaluate National Plywood Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate National Plywood Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:516062 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 Forestry Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1441 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as National Plywood Industries has not reported any payouts.
  • Unable to verify if National Plywood Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of National Plywood Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as National Plywood Industries has not reported any payouts.
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 National Plywood Industries'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 National Plywood Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. National Plywood Industries has a total score of 0/6, see the detailed checks below.


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

516062 Management

 What is the CEO of National Plywood Industries'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
Piyush Periwal
COMPENSATION ₹1,522,000
AGE 56
CEO Bio

Mr. Piyush Periwal serves as Managing Director of National Plywood Industries Ltd. Mr. Periwal has been Chairman of National Plywood Industries Ltd since August 01, 2017 and served as its Vice Chairman. He has 27 years' of experience in Administration, Marketing, Finance etc. He holds B. Com (Hons.).

CEO Compensation
  • Piyush's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Piyush's remuneration is about average for companies of similar size in India.
Management Team

Piyush Periwal

TITLE
Chairman & MD
COMPENSATION
₹2M
AGE
56

Manoj Pareek

TITLE
Chief Financial Officer
TENURE
4.8 yrs

Shruti Bothra

TITLE
Compliance Officer & Company Secretary
TENURE
2.4 yrs

Suresh Jain

TITLE
Senior Executive
Board of Directors Tenure

Average tenure of the National Plywood Industries board of directors in years:

2
Average Tenure
  • The average tenure for the National Plywood Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Piyush Periwal

TITLE
Chairman & MD
COMPENSATION
₹2M
AGE
56
TENURE
2 yrs

Vinod Sharma

TITLE
Independent & Non-Executive Director
COMPENSATION
₹312K

Abhijit Sarkar

TITLE
Independent & Non-Executive Director
COMPENSATION
₹8K

Vijay Periwal

TITLE
Non-Executive Director

Brij Jaju

TITLE
Independent & Non-Executive Director
COMPENSATION
₹8K

Malvika Periwal

TITLE
Non-Executive Woman Director
COMPENSATION
₹8K

Pradeep Shethia

TITLE
Independent & Non-Executive Director
COMPENSATION
₹2K
TENURE
2.3 yrs

Laxmi Baheti

TITLE
Independent & Non-Executive Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess National Plywood Industries'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. National Plywood Industries 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.

516062 News

Simply Wall St News

516062 Company Info

Description

National Plywood Industries Limited manufactures and sells plywood and laminates in India. The company offers exterior and interior grade plywood for structural, exterior, and interior applications, including columns, beams, slabs, shuttering, flooring, wall paneling, ceilings, partitions, and furniture; flush doors; and block boards primarily used in furniture - cupboards, shelves, table tops, beds, etc. It also provides laminates for use in furniture, paneling, partitions etc. The company sells its products under the National Plywood, National Laminate, Uninational Laminate, Pioneer National, Prima National, and Prestige National brand through a network of distributors and dealers. National Plywood Industries Limited was founded in 1951 and is headquartered in Kolkata, India.

Details
Name: National Plywood Industries Limited
516062
Exchange: BSE
Founded: 1951
₹628,390,125
24,642,750
Website: http://www.nationalplywood.net
Address: National Plywood Industries Limited
5, Fancy Lane,
7th Floor,
Kolkata,
West Bengal, 700001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 516062 Equity Shares Mumbai Stock Exchange IN INR 27. Jul 2018
Number of employees
Current staff
Staff numbers
210
National Plywood Industries employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 12:33
End of day share price update: 2019/08/02 00:00
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


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.