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Ester Industries Ltd share Price Today

Company details

120.65
126.55
81.90
132.45
6M Return 48.48%
1Y Return -7.33%
Mkt Cap.(Cr) 1,146.71
Volume 312,429
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 312,429

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Containers & Packaging firm Ester Industries announced Q1FY23 Result :

  • Ester Industries announces Q1 FY23 results
  • Revenue up 26%; EBITDA grows 13%

Commenting on the performance, Mr. Arvind Singhania, Chairman, Ester Industries said: “We have started the year on a strong note, with both our core businesses Films and Specialty Polymers registering good growth in revenue and profitability. Specialty Polymer business has not only maintained its recent growth momentum but has accelerated even further. We expect the growth momentum to continue throughout the year and onwards. Volume growth for marquee products remains encouraging. Innovative PBT has been growing significantly year after year and has seen a sharp pick up in volumes during the quarter. Due to better product mix, margins as well have picked up on a sequential basis and we expect the trend to continue over the coming quarters. Product pipeline for the business remains encouraging, offering better visibility and potential for improved performance over the coming years.

Film business delivered yet another solid performance, with improvement in volumes as well as realizations. Margins as well have expanded despite inflationary environment largely owing to better product mix and price revisions undertaken to offset the impact of rising input prices. Our sustained efforts towards increasing the share of value-added & specialty products in the overall mix have started to pay dividends, in part helping us to de-commoditize the product portfolio. While inflationary pressure and demand supply imbalance caused by commissioning of new production lines may cause margin compression in the near term, the long term prospects of the business remain strong. We are on course to commence commercial production from Telangana plant by October 22. Basis low cost of operations and proximity to markets, we expect Telangana plant to post satisfactory financial performance.

The deal for divestment of Engineering Plastics business on Slump Sale basis as a Going Concern is estimated to fructify within next 25 – 30 days. While our balance sheet is already healthy & resilient, the divestment of Engineering Plastics business will further strengthen it and provide us with the requisite growth capital to further scale up our core businesses. We believe our core businesses are well placed to deliver consistent growth and create value for our shareholders.”

Result PDF

View Other Company Results

Ester Industries Ltd shares SWOT Analysis

Strengths (4)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing Revenue every quarter for the past 3 quarters
  • Company with Zero Promoter Pledge

Weakness (11)

  • Red Flag: High Interest Payments Compared to Earnings
  • Negative profit growth, promoters decreasing shareholding QoQ
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years

Opportunity (2)

  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 125.5
R2 129.0
R3 131.4
Pivot

123.08

S1 119.6
S2 117.2
S3 113.7
EMA SMA
120.2
111.5
105.1
103.3
122.6
106.3
101.9
96.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BHATIA AARTI Bulk Purchase 2019-02-19 29.85 635000 NSE
BHATIA SURESH HUF Bulk Sell 2019-02-19 29.85 645000 NSE
KIFS ENTERPRISE Bulk Purchase 2018-01-31 73.35 500000 NSE
Name Category Shares
Arvind Singhania PROMOTER 2.8%
Wilemina Finance Corp PROMOTER 52.49%
MOVI Limited PROMOTER 3.51%
Modi Rubber Limited PROMOTER 2.81%
FENTON INVESTMENTS PVT LTD PROMOTER 0.52%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Ester Industries Ltd Stocks COMPARISON

Financials( in Cr) Ester Industries Ltd Inox India Ltd EPL Ltd AGI Greenpac Ltd Garware Hi Tech Films Ltd
Price 122.05 1,264.25 191.55 686.75 1,647.15
% Change -0.16 -4.57 -0.85 -0.72 1.65
Mcap Cr 1,146.71 11,474.84 6,098.55 4,443.07 3,826.66
Revenue TTM Cr 1,114.14 1,131.17 3,694.10 2,281.48 1,438.01
Net Profit TTM Cr 136.90 196.00 230.70 261.64 166.14
PE TTM 0.00 58.55 22.18 17.66 20.29
1 Year Return -7.33 34.50 -0.65 14.91 156.83
ROCE 4.18 42.16 12.11 15.15 12.09
ROE 20.09 32.71 12.10 17.45 9.32
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 743.44 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31
Ester Industries Limited - Copy of Newspaper Publication

May 24, 2024 l NSE Announcement

Ester Industries Limited - Press Release

May 23, 2024 l NSE Announcement

NSE Board Meetings Forthcomming

May 22, 2024 l NSE Board Meetings Forthcomming

Date Action Type Ratio
Sep 20, 2023 Dividend 10
Sep 20, 2022 Dividend 38

Ester Industries Ltd Information

Stock PE (TTM)
0
Promoter Holding
62.46%
Book Value
76.3722
ROCE
4.18%
ROE
20.09%
Description
  • Incorporated in February, 1985, Ester Industries Ltd is a manufacturer of PET Film and Engineering Plastics. Promoted by Sitaram Singhania, along with J P Shroff, the Company is having installed capacity 36000 TPA Polyester Chips, 18000 TPA Polyester Films and 6000 TPA Dope-dyed Coarse Denier Polyester Filament Yarn. The total cost of the project was Rs 84.4 cr, which was part-financed by a public issue in Feb.`88. Ester Industries was the first company in the country to have integrated operations to manufacture three products, polyester chips, polyester film and dope-dyed polyester filament yarn. It operate a working plant in Khatima, Uttaranchal. The Company is having two wholly owned foreign subsidiaries i.e Ester International (USA) Ltd and Ester Europe GmbH. The Company is also planning to set up a one more subsidiary in Oman to manufacture 24000 MT of Polyster Film. EIL is considering various options, including private placement with FIIs, to raise around Rs 14 cr to pay the overdue interest as per the revival package. The company`s expansion-cum-modernisation programme with an investment of Rs 125 crores for increasing the annual production capacities of Chips from 20000 to 36000 MT and Polyester Film from 4000 to 18000 MT commenced commercial production from 1st January, 1998. In 2001 the Company declared as a Sick Industrial Undertaking in October, 2001 and Rehabilation package was approved by BIFR for one time settlement of Rs.5,520.40 lacs. In 2004, the Company completed the modernization of Chips Plant and this modernization helps the Company to produce the chips at substantially lower costs. A new 4.10 MW Base Load Power Generation Unit that runs on cheaper fuel, Furnace Oil was made operative in January 2004. The Chips Plant was commissioned in July, 2004. Metallizer Plant of 4873 TPA capacity was commissioned at Khatima factory site, in October, 2005. Film Line No. 1 Modernization Project was completed in March, 2006. Co - Extruder system in the Film Line No 2 got commissioned in June, 2006. In October 2007, Company commissioned two new Compounded Engineering Plastics Extruders totaling capacity of 3,600 MT per annum. Thereafter, Biomass (Rice Husk) based Thermic Fluid Heater of 7 million kilo calories per hour capacity at Khatima Plant was commissioned in December, 2008. The Company commissioned Continuous Polymerisation Plant of 71,000 MT capacity, Polyester Film Plant of 30,000 MT capacity and Metalliser Plant of 7,200 MT capacity in 2011. During 2011-12, Company commissioned Recycling Extruder, Off - Line Coater and Thermic Fluid Heating system. It enhanced operating capacity in Engineering Plastics to 16500 TPA by installing state of the art Compounding Extruder of 8000 TPA capacity in 2014. It again enhanced the Solid State Polymerization (SSP) capacity by 4800 TPA by installing a 32 cubic meters SSP dryer during 2013-14. The Company got into a Scheme of Arrangement with M/s. Sriyam Impex Private Limited and made it effective on May 7, 2014. In 2014-15, it commissioned Bio-mass (Rice Husk) fuelled Thermic Fluid Heater of 10 MKCal capacity and in addition, to the existing UPS of 7950 KVA, a rotary type UPS of 1670 KVA also got commissioned. Three new lines of thin BOPET film were commissioned in India in 2016 adding around 933 kilo tonnes of capacity. It added new BOPET Film capacity in Telangana through its Wholly Owned Subsidiary, Ester Filmtech Limited, which commenced commercial production from 20th January 2023. Besides, the new Film Plant in Hyderabad started its commercial operations during March, 2023.

Registered Address

Sohan Nagar P O Charubeta, Udham Singh Nagar, Khatima, Uttarakhand, 262308

Tel : 91-5943-250153-57
Email : investor:ester.in
Website : http://www.esterindustries.com
Registrar

Mas Services Limited

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 500136
NSE Code : ESTER
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE778B01029

FAQ’s on Ester Industries Ltd Shares

You can buy Ester Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ester Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:46 PM the closing price of Ester Industries Ltd was Rs.122.05.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:46 PM, the market cap of Ester Industries Ltd stood at Rs. 1,146.71.

The latest PE ratio of Ester Industries Ltd as of May 24, 2024 03:46 PM is 0.00

The latest PB ratio of Ester Industries Ltd as of May 24, 2024 03:46 PM is 0.63

The 52-week high of Ester Industries Ltd share price is Rs. 132.45 while the 52-week low is Rs. 81.90

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