BSE:533208

Stock Analysis Report

Emami Paper Mills

Executive Summary

Emami Paper Mills Limited manufactures and sells paper and paper board products in India.

Snowflake

Fundamentals

Unattractive dividend payer with questionable track record.

Risks

  • Emami Paper Mills has significant price volatility in the past 3 months.
  • Emami Paper Mills is not covered by any analysts.

Share Price & News

How has Emami Paper Mills's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

13.1%

BSE:533208

2.9%

IN Forestry

-0.7%

IN Market


1 Year Return

-65.1%

BSE:533208

-35.9%

IN Forestry

-12.1%

IN Market

533208 underperformed the Forestry industry which returned -35.9% over the past year.

533208 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

533208IndustryMarket
7 Day13.1%2.9%-0.7%
30 Day29.2%-3.0%-4.6%
90 Day-40.6%-8.1%-4.3%
1 Year-64.5%-65.1%-35.1%-35.9%-10.3%-12.1%
3 Year35.8%31.5%-2.8%-5.3%18.9%12.8%
5 Year147.6%134.7%80.8%73.2%37.6%24.7%

Price Volatility Vs. Market

How volatile is Emami Paper Mills's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Emami Paper Mills undervalued based on future cash flows and its price relative to the stock market?

22.55x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Emami Paper Mills's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Emami Paper Mills's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Emami Paper Mills is overvalued based on earnings compared to the IN Forestry industry average.

Emami Paper Mills is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Emami Paper Mills, we can't assess if its growth is good value.


Price Based on Value of Assets

Emami Paper Mills is overvalued based on assets compared to the IN Forestry industry average.


Next Steps

Future Growth

How is Emami Paper Mills expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Emami Paper Mills is high growth as no revenue estimate data is available.

Emami Paper Mills's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).

Unable to compare Emami Paper Mills's revenue growth to the India market average as no estimate data is available.

Emami Paper Mills's earnings growth is positive but not above the India market average.

Emami Paper Mills's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Emami Paper Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Emami Paper Mills performed over the past 5 years?

28.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Emami Paper Mills has delivered over 20% year on year earnings growth in the past 5 years.

Emami Paper Mills's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Emami Paper Mills's 1-year earnings growth is negative, it can't be compared to the IN Forestry industry average.


Return on Equity

Emami Paper Mills has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Emami Paper Mills used its assets less efficiently than the IN Forestry industry average last year based on Return on Assets.


Return on Capital Employed

Emami Paper Mills has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Emami Paper Mills's financial position?


Financial Position Analysis

Emami Paper Mills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Emami Paper Mills's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Emami Paper Mills's level of debt (601.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (154.2% vs 601.4% today).

Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.4x debt.


Next Steps

Dividend

What is Emami Paper Mills's current dividend yield, its reliability and sustainability?

1.32%

Current Dividend Yield


Dividend Yield and Payments Analysis

Emami Paper Mills's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

Emami Paper Mills's dividend is below the markets top 25% of dividend payers in India (2.52%).

Whilst dividend payments have been stable, Emami Paper Mills has been paying a dividend for less than 10 years.

Dividend payments have increased, but Emami Paper Mills only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.4x 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.


Next Steps

Management

What is the CEO of Emami Paper Mills's salary, the management and board of directors tenure and is there insider trading?

9.3yrs

Average board tenure


CEO

Pitamber Patwari (64yo)

₹27,808,010

Compensation

Mr. Pitamber Sharan Patwari serves as the Chief Executive Officer of Emami Paper Mills Ltd., and served as its Chief Financial Officer. Mr. Patwari has extensive experience in the area of finance, Accounti ...


CEO Compensation Analysis

Pitamber's remuneration is higher than average for companies of similar size in India.

Pitamber's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

9.3yrs

Average Tenure

73yo

Average Age

The tenure for the Emami Paper Mills board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Aditya Agarwal (44yo)

    Executive Chairman

    • Compensation: 6.80m
  • N. Pattnaik

    Deputy General Manager of Administration & Co-Oridination

  • M. B. Nair (68yo)

    Head of Strategy & Operations

    • Tenure: 5.3yrs
    • Compensation: 7.31m
  • Soumyajit Mukherjee (44yo)

    Vice President of Marketing & Sales

  • Bharat Agarwal (54yo)

    Executive Vice President

  • Pitamber Patwari (64yo)

    CEO & Executive Director

    • Compensation: 27.81m
  • Shyamalendu Chatterjee (73yo)

    Whole Time Director

    • Compensation: 40.00k
  • S. Jain (63yo)

    Senior President

  • Sushil Khetan (54yo)

    President of Finance & CFO

    • Tenure: 0.3yrs
    • Compensation: 10.35m
  • G. Saraf (62yo)

    VP of Finance

    • Compensation: 6.05m

Board Members

  • Aditya Agarwal (44yo)

    Executive Chairman

    • Tenure: 6.8yrs
    • Compensation: 6.80m
  • Sundaram Balasubramainan (77yo)

    Non-Executive Independent Director

    • Tenure: 9.3yrs
    • Compensation: 270.00k
  • Richa Agarwal (42yo)

    Non-Executive Woman Director

    • Tenure: 4.6yrs
    • Compensation: 90.00k
  • Pitamber Patwari (64yo)

    CEO & Executive Director

    • Tenure: 24.8yrs
    • Compensation: 27.81m
  • Hari Marda (76yo)

    Non Executive Independent Director

    • Tenure: 10.6yrs
    • Compensation: 345.00k
  • Manish Goenka (45yo)

    Non-Executive Promoter Director

    • Tenure: 19.5yrs
    • Compensation: 21.66m
  • Shyamalendu Chatterjee (73yo)

    Whole Time Director

    • Tenure: 0.6yrs
    • Compensation: 40.00k
  • Jugal Khetawat (79yo)

    Non-Executive Independent Director

    • Tenure: 8.0yrs
    • Compensation: 315.00k
  • Jayant Godbole (74yo)

    Non-Executive Independent Director

    • Tenure: 12.4yrs
    • Compensation: 300.00k

Company Information

Emami Paper Mills Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Emami Paper Mills Limited
  • Ticker: 533208
  • Exchange: BSE
  • Founded: 1981
  • Industry: paper products
  • Sector: materials
  • Market Cap: ₹5.518b
  • Shares outstanding: 60.50m
  • Website: Click here

Number of Employees


Location

  • Emami Paper Mills Limited
  • ACROPOLIS
  • Unit No. 1, 15th Floor
  • Kolkata
  • West Bengal
  • 700107
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
533208BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2010
EMAMIPAPNSEI (National Stock Exchange of India)YesEquity SharesININRJun 2010

Biography

Emami Paper Mills Limited manufactures and sells paper and paper board products in India. Its products include newsprints, writing and printing papers, and multilayer coated packaging boards. Emami Paper M ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:54
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.