Ellora Paper Mills share price

BSE: 502374Paper, Forest & Jute Products

Ellora Paper Mills Ltd. · Face value ₹10 · Listed May 1979

Trading suspended since 16 Jan 2013

Last traded ₹54.20 on 14 Jan 2013

Latest announcements

Routine notices left out.

Share price history

Daily closes since May 2007, adjusted for splits and bonuses

Daily close, ₹ per share

Q3 results, quarter to Dec 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹0.28 Cr−86.6% on a year ago · +19.6% on the quarter before
Operating profit
−₹0.38 Cr
Net profit
−₹0.44 Cr
Earnings per share
−₹4.40
Operating margin
−136.6%
Net margin
−156.7%

From revenue to net profit, ₹ crore

  1. Revenue0.3
  2. Materials and goods−0.2
  3. Employee costs−0.1
  4. Other expenses−0.4
  5. Operating profit−0.4
  6. Depreciation−0.1
  7. Other income0.0
  8. Finance costs0.0
  9. Profit before tax−0.4
  10. Tax0.0
  11. Net profit−0.4

Ellora Paper Mills results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2020. Results for the quarter to Mar 2021 were due by 30 May 2021, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
Mar 186.6−0.8Jun 189.4−0.2Sep 187.80.5Dec 187.2−0.2Mar 195.30.1Jun 195.4−0.4Sep 192.1−0.6Dec 191.7−1.5Mar 200.9−0.1Jun 200.2−0.2Sep 200.3−0.4Dec 20
Peak revenue ₹9.37 Cr, quarter to Sep 2018; lowest ₹0.24 Cr, quarter to Sep 2020A loss in 9 of the 11 quarters with results on record

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
42.9%−156.7%−9.3%2.0%8.8%−1.3%5.3%−6.4%−14.2%−57.8%−1.7%42.9%−136.6%−11.9%−2.1%6.7%−2.8%2.3%−7.0%−26.7%−87.1%−16.2%−80.0%−156.7%Mar 18Sep 18Mar 19Sep 19Mar 20Sep 20Dec 20
₹ croreMar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Q1Sep 2017Dec 2017Q3Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020Q1Sep 2020Dec 2020Q3
Revenue from operations6.512.98–6.087.536.57–4.39–6.619.377.847.185.265.362.091.730.900.240.28
6.503.31–5.987.526.31–5.76–7.239.187.157.274.985.702.392.730.910.130.67
Materials and goods bought2.221.75–2.844.185.38–5.06–4.214.693.823.202.343.932.06−0.150.850.080.22
Employee costs–––––0.54–0.52–0.560.520.511.140.450.400.080.220.020.010.10
Other expenses–––––0.39–0.17–2.463.972.822.932.191.370.252.650.040.040.35
Operating profit before depreciation0.00−0.33–0.100.000.26–−1.37–−0.620.190.69−0.100.28−0.34−0.30−1.00−0.020.10−0.38
Operating margin0.0%−10.9%–1.7%0.0%3.9%–−31.2%–−9.3%2.0%8.8%−1.3%5.3%−6.4%−14.2%−57.8%−1.7%42.9%−136.6%
Depreciation and amortisation0.320.19–0.190.260.23–0.19–0.170.180.170.080.160.160.160.140.130.200.06
Other income–––0.01–0.07–0.00–0.000.000.010.050.000.130.36−0.310.00–0.00
Finance costs0.070.02–0.020.070.03–0.00–0.000.210.000.070.000.000.460.060.000.080.00
One-off items–––––0.00–0.00–0.000.000.000.000.000.000.000.000.00–0.00
Profit before tax−0.45−0.56–−0.11−0.330.06–−1.56–−0.79−0.200.52−0.200.12−0.38−0.56−1.51−0.15−0.19−0.44
Tax––––−0.510.00–0.00–0.000.000.000.000.000.000.000.000.00–0.00
Tax rate–––––0.0%–––––0.0%–0.0%––––––
Net profit−0.45−0.56–−0.110.180.06–−1.56–−0.79−0.200.52−0.200.12−0.38−0.56−1.51−0.15−0.19−0.44
Net margin−6.9%−18.7%–−1.9%2.4%1.0%–−35.5%–−11.9%−2.1%6.7%−2.8%2.3%−7.0%−26.7%−87.1%−16.2%−80.0%−156.7%
Earnings per share––––₹0.92₹0.32–−₹7.82––−₹1.00₹2.61−₹1.00₹0.60−₹1.88−₹2.79−₹7.53−₹0.73−₹0.94−₹4.40
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Sep 2016, Sep 2017 and Mar 2018.

The quarter to Jun 2018 was restated in the company's filing of 1 Mar 2019. The table shows the restated figures.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
32−5.2Mar 1124−2.4Mar 12Mar 13Mar 14Mar 1524−1.5Mar 1623−0.4Mar 179.50.98,10,315Mar 1831−0.76.7Mar 1914−2.36.0Mar 20
Peak revenue ₹32 Cr, year to Mar 2011; lowest ₹9.49 Cr, year to Mar 2018A loss in 6 of the 7 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
12.0%−16.2%−11.4%−4.7%−1.8%0.4%12.0%0.5%−9.4%−16.2%−9.8%−6.4%−1.5%9.9%−2.1%−15.6%Mar 11Mar 13Mar 15Mar 17Mar 19Mar 20

Results for the year to Mar 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue14
  2. Materials and goods−8.2
  3. Employee costs−1.2
  4. Other expenses−6.5
  5. Operating profit−1.4
  6. Depreciation−0.5
  7. Other income+0.2
  8. One-off items0.0
  9. Finance costs−0.5
  10. Profit before tax−2.3
  11. Tax0.0
  12. Net profit−2.3

What the company owns

  • Plant, investments and other assets₹5 Cr
  • Receivables₹2 Cr
  • Cash and bank₹0 Cr
  • Current investments₹0 Cr

What pays for it: net worth and liabilities

  • Borrowings₹6 Cr
  • Other liabilities₹1 Cr
  • Owed to suppliers₹0 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the years to Mar 2013, Mar 2014 and Mar 2015. The last column is the twelve months to Dec 2020, the latest four quarters added.

₹ croreMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Dec 2020Twelve months
Revenue from operations32.024.3–––24.023.29.531.014.43.1
35.725.4–––24.423.18.330.815.84.4
Materials and goods bought24.312.4–––12.512.37.515.98.21.0
Employee costs–––––––0.62.71.20.4
Other expenses–––––––0.212.26.53.1
Operating profit before depreciation−3.7−1.1–––−0.40.11.10.2−1.4−1.3
Operating margin−11.4%−4.7%–––−1.8%0.4%12.0%0.5%−9.4%−41.3%
Materials, % of revenue–––––––79.5%51.3%56.6%32.1%
Employee costs, % of revenue–––––––5.8%8.8%8.0%11.1%
Other expenses, % of revenue–––––––2.6%39.3%44.7%98.1%
Depreciation and amortisation1.21.3–––0.90.80.20.60.50.5
Operating profit after depreciation−4.8−2.4–––−1.3−0.71.0−0.4−1.9−1.8
Other income–––––––0.00.10.2–
Finance costs1.90.4–––0.20.10.00.30.50.1
Profit before one-off items and tax−6.7−2.8–––−1.5−0.90.9−0.7−2.3−2.3
One-off items−0.8––––––0.00.00.0–
Profit before tax−7.5−2.8–––−1.5−0.90.9−0.7−2.3−2.3
−2.3−0.4––––−0.50.00.00.0–
Net profit−5.2−2.4–––−1.5−0.40.9−0.7−2.3−2.3
Net margin−16.2%−9.8%–––−6.4%−1.5%9.9%−2.1%−15.6%−72.6%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2011, Mar 2012, Mar 2016 and Mar 2017 they do not, so they are left blank.
Earlier years, Mar 2008 to Mar 2010
₹ croreMar 2008Mar 2009Mar 2010
Revenue from operations37.656.048.4
35.554.545.4
Materials and goods bought25.241.833.6
Operating profit before depreciation2.11.53.0
Operating margin5.6%2.8%6.2%
Depreciation and amortisation0.91.21.2
Operating profit after depreciation1.20.41.8
Other income0.80.2–
Finance costs0.81.21.6
Profit before tax1.2−0.60.2
0.3−0.30.1
Net profit0.8−0.40.1
Net margin2.2%−0.7%0.2%
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2018Mar 2019Mar 2020
29,6260−2
Share capital1,99,36822
Reserves−1,69,741−2−4
8,10,31576
11,09,12372
3,64,57987
Total assets15,03,328157
6,89,95085
8,13,37872
Net debt7,74,86936
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2011, Mar 2012, Mar 2016 and Mar 2017, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020
Earnings per share−₹1.76₹4.72−₹3.33−₹11.27
Diluted earnings per share−₹1.76₹4.72−₹3.33−₹11.27
Book value per share–₹1,48,598.23₹0.67−₹10.59

Ratios

Standalone, years to March.

RatioMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue growth−33.9%−24.1%––––−3.4%−59.1%226.8%−53.4%
Operating profit growth–––––––1,236.5%−85.4%–
–––––––0.0%0.0%227.2%
––––––––0.0 pts227.2 pts
From the net margin––––––––0.0 pts0.0 pts
From asset turnover––––––––0.0 pts−1,045.9 pts
From borrowing––––––––0.0 pts1,273.2 pts
Return on capital employed–––––––0.0%−6.2%−49.7%
Interest cover–––––––65.1––
Debt to equity–––––––27.3549.91–
Receivable days–––––––75,90,3722242
Inventory days–––––––81,39,10500
Payable days–––––––1,82,50,113875
Cash conversion cycle, days–––––––−25,20,637−6437
Working capital days–––––––1,21,86,749−45−10
Asset turnover–––––––0.000.001.32
Assets per rupee of net worth–––––––50.7450.74−11.02
Sales per rupee of plant–––––––0.005.453.48
Plant being built, % of plant in use––––––––0.0%0.0%
Interest cover is left blank for the years to Mar 2011, Mar 2012, Mar 2016, Mar 2017, Mar 2019 and Mar 2020: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the year to Mar 2020: net worth is below zero, so there is no shareholders' money to set the borrowings against. No balance sheet is on record for the years to Mar 2011, Mar 2012, Mar 2016 and Mar 2017, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2020.

Return on assets, latest year
−20.6%
Measure10 years5 years3 years
Revenue growth, yearly rate−11.4%–−14.6%
Return on equity, average––75.7%
Return on capital employed, average––−18.7%
Operating margin, average–0.3%1.1%
Net margin, average–−3.1%−2.6%
Asset turnover, average––0.44
Cash conversion cycle, days, average––−8,40,221
Debt to equity, average––38.63

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2018Mar 2019Mar 2020
Receivables growth less revenue growthOur threshold 0 percentage points–−326.7841.43
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–−210.87–
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–−3,74,388.39−3.23
Effective tax ratePublished threshold 17.16 per cent0.00––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2020 the company reports one business segment, PAPER AND PAPER PRODUCTS, which carries all its revenue.

Ellora Paper Mills dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2020.

Dividends by the month each went ex
YearJanFebMarAprMayJunJulAugSepOctNovDecIn the year
2008₹1.00₹1.00
2007₹1.20₹1.20

Interim or final dividendSpecial dividendNone that month

Ellora Paper Mills dividend history

Every payment with its ex-date and record date, year by year.

2008

  • Sep11Thu

    ₹1.00Final

    Ex-date 11 Sep 2008 · books closed to 25 Sep 2008

    2.00%of the price

2007

  • Sep12Wed

    ₹1.20Final

    Ex-date 12 Sep 2007 · books closed to 25 Sep 2007

    2.35%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date. A book closure is the run of days the company's register is frozen to settle who is paid; a record date is the one-day form of it.

Recent sessions

The 10 trading days to 14 Jan 2013, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
14 Jan 201354.2054.2054.2054.2054.2010
10 Jan 201357.0557.0557.0557.0557.053
2 Jan 201360.0060.0060.0060.0060.005
28 Dec 201255.6555.6555.6555.6555.651
29 Oct 201261.8061.8061.8061.8061.801
10 Feb 201259.0059.0059.0059.0059.001,200
9 Feb 201261.9561.9561.9561.9561.952,500
8 Feb 201259.0059.0059.0059.0059.00200
3 Feb 201261.9561.9561.9561.9561.95500
2 Feb 201259.0059.0059.0059.0059.00500
Prices in ₹ per share as traded, not adjusted.

Company details

BSE code
502374
ISIN
INE384H01023
Industry
Paper, Forest & Jute Products
CIN
L36934MH1977PLC019972
Corporate identity number, the registrar of companies' code for it
Incorporated
1977
Registered office
Dewada Khurd, Post: Tumsar, Bhandara 441912, Maharashtra
Share registrar
Bigshare Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments