Markets will remain closed on 20^th November, 2024 on account of Assembly Elections in Maharashtra.

EPACK DURABLE LTD. 2023-24 Annual Report Analysis

Sun, 18 Aug

EPACK DURABLE LTD. has announced its results for the year ended March 2024. Let us have a look at the detailed performance review of the company during FY23-24.

EPACK DURABLE LTD. Income Statement Analysis

• Operating income during the year fell 7.8% on a year-on-year (YoY) basis.
• The company's operating profit increased by 14.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 8.1% in FY24 as against 6.5% in FY23.
• Depreciation charges increased by 36.1% and finance costs increased by 23.8% YoY, respectively.
• Other income grew by 529.7% YoY.
• Net profit for the year grew by 10.6% YoY.
• Net profit margins during the year grew from 2.1% in FY23 to 2.5% in FY24.

EPACK DURABLE LTD. Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	15,388	14,196	-7.8%
Other income	Rs m	14	89	529.7%
Total Revenues	Rs m	15,403	14,285	-7.3%
Gross profit	Rs m	1,002	1,147	14.5%
Depreciation	Rs m	261	355	36.1%
Interest	Rs m	315	389	23.8%
Profit before tax	Rs m	440	492	11.7%
Tax	Rs m	121	138	14.5%
Profit after tax	Rs m	320	354	10.6%
Gross profit margin	%	6.5	8.1
Effective tax rate	%	27.4	28.1
Net profit margin	%	2.1	2.5

For Investors: Our Big Prediction

EPACK DURABLE LTD. Balance Sheet Analysis

• The company's current liabilities during FY24 down at Rs 8 billion as compared to Rs 10 billion in FY23, thereby witnessing an decrease of -24.3%.
• Long-term debt down at Rs 618 million as compared to Rs 1 billion during FY23, a fall of 45.6%.
• Current assets rose 15% and stood at Rs 10 billion, while fixed assets rose 29% and stood at Rs 8 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 18 billion as against Rs 15 billion during FY23, thereby witnessing a growth of 21%.

EPACK DURABLE LTD. Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	3,136	8,897	183.7
Current Liabilities	Rs m	9,943	7,526	-24.3
Long-term Debt	Rs m	1,136	618	-45.6
Total Liabilities	Rs m	14,642	17,678	20.7
Current assets	Rs m	8,707	10,004	14.9
Fixed Assets	Rs m	5,935	7,673	29.3
Total Assets	Rs m	14,642	17,678	20.7

EPACK DURABLE LTD. Cash Flow Statement Analysis

• EPACK DURABLE LTD.'s cash flow from operating activities (CFO) during FY24 stood at Rs 3 billion, an improvement of 1,264.9% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -4 billion, an improvement of 73.2% on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs 2 billion on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 469 million from the Rs 359 million net cash flows seen during FY23.

EPACK DURABLE LTD. Cash Flow Statement 2023-24

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-23	Mar-24
Cash Flow from Operating Activities	Rs m	188	2,570	1,264.9%
Cash Flow from Investing Activities	Rs m	-2,175	-3,766	-
Cash Flow from Financing Activities	Rs m	2,345	1,666	-29.0%
Net Cash Flow	Rs m	359	469	30.8%

Current Valuations for EPACK DURABLE LTD.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 3.7, an decline from the EPS of Rs 6.1 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 233.0, stands at 63.1 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.5 times, while the price to sales ratio stands at 1.6 times.
• The company's price to cash flow (P/CF) ratio stood at 25.4 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*
Sales per share (Unadj.)	Rs	295.4	148.2
TTM Earnings per share	Rs	6.1	3.7
Diluted earnings per share	Rs	3.3	3.7
Price to Cash Flow	x	0.0	25.4
TTM P/E ratio	x	0.0	63.1
Price / Book Value ratio	x	0.0	2.0
Market Cap	Rs m	0	18,008
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for EPACK DURABLE LTD.

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.3x during FY24, from 0.9x during FY23. The current ratio measures the company's ability to pay short-term and long-term obligations.

Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 2.3x during FY24, from 2.4x during FY23. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at 4.0% during FY24, from 10.2% during FY24. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

Return on Capital Employed (ROCE): The ROCE for the company declined and down at 9.3% during FY24, from 17.7% during FY23. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

Return on Assets (ROA): The ROA of the company declined and down at 4.2% during FY24, from 4.3% during FY23. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*
Current ratio	x	0.9	1.3
Debtors’ Days	Days	1,136	546
Interest coverage	x	2.4	2.3
Debt to equity ratio	x	0.4	0.1
Return on assets	%	4.3	4.2
Return on equity	%	10.2	4.0
Return on capital employed	%	17.7	9.3

To see how EPACK DURABLE LTD. has performed over the last 5 years, please visit here.

EPACK DURABLE LTD. Share Price Performance

Over the last one year, EPACK DURABLE LTD. share price has moved up from Rs 0.0 to Rs 233.0, registering a gain of Rs 233.0 or around 0.0%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 60,666.7 (up 1.4%). Over the last one year it has moved up from 43,300.4 to 60,666.7, a gain of 17,366 points (up 40.1%).

Overall, the S&P BSE SENSEX is up 23.0% over the year.

(To know more, check out historical annual results for EPACK DURABLE LTD. and quarterly results for EPACK DURABLE LTD.)