Nath Pulp & Paper Mills (Delisted) share price

BSE: 502407

Nath Pulp & Paper Mills Ltd. · Face value ₹10 · Listed May 1978

Last traded ₹57.75 on 6 Nov 2019

Delisted on 29 Nov 2019.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Share price history

Daily closes since Jan 2015, adjusted for splits and bonuses. Earlier closes are left out: on 7 Jan 2015 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Results for the quarter to Sep 2019

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

Revenue
₹32 Cr−22.6% on a year ago · +5.0% on the quarter before
Operating profit
₹0.93 Cr−86.0% on a year ago · −1.5% on the quarter before
Net profit
₹0.22 Cr−90.0% on a year ago · −19.0% on the quarter before
Earnings per share
₹0.25−87.5% on a year ago · −19.4% on the quarter before
Operating margin
2.9%
Net margin
0.7%

From revenue to net profit, ₹ crore

  1. Revenue32
  2. Materials and goods−21
  3. Employee costs−1.8
  4. Other expenses−8.2
  5. Operating profit0.9
  6. Depreciation−0.3
  7. Other income+0.3
  8. Finance costs−0.7
  9. Profit before tax0.2
  10. Tax0.0
  11. Net profit0.2

Nath Pulp & Paper Mills results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2019. Results for the quarter to Dec 2019 were due by 14 Feb 2020, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
250.2Dec 1630−14Mar 17280.1Jun 1730−0.3Sep 17332.8Dec 1730−2.4Mar 18361.9Jun 18412.3Sep 18331.2Dec 18340.7Mar 19300.3Jun 19320.2Sep 19
A loss in 3 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
16.1%−47.9%0.7%3.9%5.1%8.2%16.1%5.5%9.5%3.1%2.9%0.9%−47.9%0.4%−1.0%8.5%−8.2%5.2%5.5%3.6%2.0%0.9%0.7%Dec 16Jun 17Dec 17Jun 18Dec 18Jun 19Sep 19
₹ croreDec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019
Revenue from operations27.216.223.724.523.0–23.228.424.729.727.530.032.729.535.841.033.234.130.331.8
26.515.222.923.722.6–23.528.524.5–––31.428.032.934.431.430.929.330.9
Materials and goods bought18.67.216.715.114.3–15.018.215.718.2––21.020.123.723.421.820.820.520.9
Employee costs––––––––––––1.41.31.41.71.61.51.71.8
Other expenses––––––––––––9.06.77.89.38.08.67.18.2
Operating profit before depreciation0.61.00.90.80.3–−0.3−0.20.2–––1.31.52.96.61.83.20.90.9
Operating margin2.3%5.9%3.6%3.3%1.4%–−1.5%−0.7%0.7%–––3.9%5.1%8.2%16.1%5.5%9.5%3.1%2.9%
Depreciation and amortisation0.4−0.30.60.60.6–0.20.20.20.00.20.20.20.20.20.20.20.30.30.3
Other income0.50.60.10.20.2–0.10.40.20.70.30.12.70.40.11.80.6−1.30.30.3
Finance costs0.00.20.10.10.1–0.10.10.10.3––1.03.40.96.01.01.00.70.7
Profit before one-off items and tax0.71.70.20.2−0.2–−0.6−0.20.1–0.1−0.32.9−1.72.02.31.20.70.30.2
One-off items––––––––––0.00.0−0.1–0.00.00.00.00.00.0
Profit before tax0.71.70.20.2−0.2–−0.6−0.20.1−19.90.1−0.32.8−1.72.02.31.20.70.30.2
–8.80.20.1−0.2––0.1−0.1−5.7–––0.70.20.00.00.00.00.0
Tax rate–520.1%154.3%74.5%––––−194.4%–––––8.7%0.0%0.0%0.4%0.0%0.0%
Net profit0.8−7.60.00.1−0.1–−0.6−0.30.2−14.20.1−0.32.8−2.41.92.31.20.70.30.2
Other comprehensive income––––––––––––––0.00.00.0−0.30.00.0
Total comprehensive income––––––––––––––1.92.31.20.30.30.2
Net margin2.9%−46.8%−0.2%0.2%−0.5%–−2.7%−1.0%0.9%−47.9%0.4%−1.0%8.5%−8.2%5.2%5.5%3.6%2.0%0.9%0.7%
Earnings per share–––––––––−₹15.78₹0.12−₹0.33₹3.08−₹2.68₹3.91₹2.00₹1.33₹0.36₹0.31₹0.25
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Mar 2016.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2018, the company's revenue for the year to Mar 2018, ₹110 Cr, differs from its quarters added, ₹120 Cr.

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
56−2.4Mar 10771.5Mar 11824.1Mar 12931.3Mar 131002.0Mar 14101−5.7Mar 15Mar 16106−15Mar 171100.2Mar 181446.068Mar 19
A loss in 3 of the 9 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
10.1%−14.1%1.5%5.1%6.2%6.4%3.1%3.3%3.8%10.1%−4.2%2.0%5.0%1.3%2.0%−5.6%−14.1%0.2%4.1%Mar 10Mar 12Mar 14Mar 16Mar 18Mar 19

The years either side of a change of basis do not compare. From the year to Mar 2013, the company's revenue for that year, ₹93 Cr, differs from its quarters added, ₹91 Cr. From the year to Mar 2018, the company's revenue for that year, ₹110 Cr, differs from its quarters added, ₹120 Cr.

Results for the year to Mar 2019

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

From revenue to net profit

  1. Revenue144
  2. Materials and goods−90
  3. Employee costs−6.1
  4. Other expenses−34
  5. Operating profit15
  6. Depreciation−0.9
  7. Other income+1.2
  8. One-off items0.0
  9. Finance costs−8.8
  10. Profit before tax6.2
  11. Tax−0.2
  12. Net profit6.0

What the company owns

  • Plant, investments and other assets₹86 Cr
  • Receivables₹18 Cr
  • Inventory₹15 Cr
  • Cash and bank₹5 Cr

What pays for it: net worth and liabilities

  • Borrowings₹68 Cr
  • Net worth₹32 Cr
  • Owed to suppliers₹18 Cr
  • Other liabilities₹6 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the year to Mar 2016. The last column is the twelve months to Sep 2019, the latest four quarters added.

₹ croreMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019Twelve months
Revenue from operations56778293100101–106110144129
557376879798––106130122
Materials and goods bought375151576362–67779084
Employee costs––––––––667
Other expenses––––––––243432
Operating profit before depreciation145633––4157
Operating margin1.5%5.1%6.2%6.4%3.1%3.3%––3.8%10.1%5.4%
Materials, % of revenue––––––––69.3%62.3%64.9%
Employee costs, % of revenue––––––––5.0%4.3%5.1%
Other expenses, % of revenue––––––––21.9%23.4%24.6%
Depreciation and amortisation433221–1111
Operating profit after depreciation−312413––4146
Other income113–21–1410
Finance costs001111–1693
Profit before one-off items and tax−224324––162
One-off items––00–––––00
Profit before tax−224224–−21162
–––109–−6100
Net profit−22412−6–−15062
Other comprehensive income–––––––––00
Total comprehensive income–––––––––62
Net margin−4.2%2.0%5.0%1.3%2.0%−5.6%–−14.1%0.2%4.1%1.8%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014 and Mar 2015 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2017: revenue, other income and exceptional items less the total expenses stated do not come to the profit before tax the same statement states, so the operating expenses cannot be told apart from the rest.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019
32
Share capital9
Reserves23
68
59
33
Total assets124
86
38
Net debt63
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 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019
Earnings per share−₹16.56₹0.19₹6.25
Diluted earnings per share−₹16.56₹0.19–
Book value per share––₹35.66
Market cap at the year end (₹ crore)––56.7

Ratios

Standalone, years to March.

RatioMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue growth50.0%38.3%5.4%–7.5%1.4%–––30.5%
Operating profit growth–376.6%27.6%–−47.9%9.7%–––247.5%
Net profit growth––163.0%−69.2%62.2%––––3,314.4%
Earnings per share growth–––––––––3,189.5%
Return on equity–––––––––18.6%
Return on capital employed–––––––––13.8%
Interest cover–2.53.14.11.65.2––0.61.6
Debt to equity–––––––––2.11
Receivable days–––––––––45
Inventory days–––––––––62
Payable days–––––––––72
Cash conversion cycle, days–––––––––35
Working capital days–––––––––30
Asset turnover–––––––––1.16
Assets per rupee of net worth–––––––––3.86
Sales per rupee of plant–––––––––2.67
Plant being built, % of plant in use–––––––––0.0%
Interest cover is left blank for the year to Mar 2010: operating profit after depreciation is a loss, and a loss covers no interest bill. Revenue growth and operating profit growth are left blank for the year to Mar 2013: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Revenue growth is left blank for the year to Mar 2018: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2017 and Mar 2018, 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 2019.

Return on assets, latest year
4.8%
Measure10 years5 years3 years
Profit growth, yearly rate–24.1%–
Operating margin, average––7.0%
Net margin, average−1.0%−3.8%−3.3%
Interest cover, average––1.1

Accounting checks

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

CheckMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Altman Z-scorePublished threshold 1.1––––––0.72
Effective tax ratePublished threshold 17.16 per cent47.83−2.66251.21––80.092.92
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 2019 the company reports one business segment, Manufacturing of Paper and Paper Board, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2019, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+59.3%––0.0%
3 years+32.7%––0.0%
Longer windows are left empty: a corporate action or price step on 2015-01-07 that cannot be sized sits inside this window. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth and the change in P/E over 1 year are left empty: the earnings per share stated for one end does not match that year's profit and share count, and no share count is on record to work it out.

Nath Pulp & Paper Mills share price by year

Each calendar year to 2019.

YearClose at year endChangeHighest closeLowest close
201957.75−27.4%83.9052.10
201879.50+106.2%79.5032.00
201738.55+37.4%52.6527.00
201628.05−23.2%41.8525.40
201536.50–71.6525.50
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2019 close is its last trade, on 6 Nov 2019.

Recent sessions

The 10 trading days to 6 Nov 2019, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
6 Nov 201959.0059.0056.0057.7557.12425
5 Nov 201955.0057.8555.0057.8555.25112
4 Nov 201959.9059.9055.1055.1057.39116
1 Nov 201956.0058.0055.0058.0055.20595
31 Oct 201961.0061.0055.9555.95–5
30 Oct 201956.2558.8556.0058.8557.31450
29 Oct 201960.2560.2554.5556.05–22
27 Oct 201957.4057.4057.4057.4057.402
25 Oct 201954.7054.7054.7054.7054.701
24 Oct 201952.1052.1052.1052.1052.105
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
7 Jan 2015Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

BSE code
502407
ISIN
INE776A01025
CIN
L21100MH1975PLC018289
Corporate identity number, the registrar of companies' code for it
Incorporated
1975
Registered office
Nath House,, Paithan Road Aurangabad, 431005, Maharashtra
Share registrar
Bigshare Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments