Ester Industries Ltd
About
Chaired by Arvind Singhania, Ester Industries is committed to the manufacturing of polyester films, specialty polymers, and engineering plastic compounds. Its polyester films find applications in flexible packaging, while the specialty polymers deal with rigid packaging and textiles. The engineering plastics business vertical is concerned with the automotive, electrical and electronics, and telecom industries. Additionally, Ester’s products have been used for food and beverage packaging, industrial packaging, home and personal care, textiles, carpets, and more. While it is headquartered in Gurugram currently, its exports take it to over 75 countries across the Middle East, Europe, Africa, the Americas, and Asia-Pacific. Ester’s primary manufacturing facility is at Khatima in Uttarakhand, and the company has been granted 7 patents in the US, the EU, and India for its products.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1097 -12.6% | 1255 4.8% | 1197 19.0% | 1006 -3.0% | 1038 0.1% | 1036 29.6% | 800 14.5% | 698 -11.2% | 786 -12.2% | 895 -4.5% | 937 5.6% | 888 21.6% | 730 4.8% | 697 74.3% | 400 7.3% | 372 - |
| Net Operating Income (INR Cr) | 1063 -4.55% | 1114 0.35% | 1110 11.95% | 992 0.00% | 1039 1.03% | 1028 27.43% | 807 14.73% | 703 -8.78% | 771 -14.00% | 896 -3.47% | 928 4.79% | 886 26.65% | 700 4.16% | 672 69.88% | 395 6.02% | 373 16.92% |
| Profit (INR Cr) | -121 - | 137 0.1% | 137 -0.6% | 137 38.2% | 100 219.8% | 31 488.1% | 5 - | -11 - | 5 18.8% | 4 -54.1% | 8 - | -5 - | -14 - | 129 364.9% | 28 -16.7% | 33 - |
| Assets (INR Cr) | 1532 -4.5% | 1603 24.2% | 1291 71.4% | 753 25.6% | 600 0.1% | 599 -5.0% | 631 0.3% | 629 2.3% | 615 -5.9% | 653 3.4% | 631 5.8% | 597 4.6% | 571 13.1% | 505 117.5% | 232 19.8% | 194 - |
| Net Worth (INR Cr) | 718 -3.5% | 743 19.6% | 622 21.4% | 512 0.0% | 408 29.8% | 314 11.0% | 283 2.3% | 277 -4.0% | 287 7.6% | 267 3.5% | 258 2.2% | 252 -2.1% | 258 -5.2% | 272 58.4% | 172 28.0% | 134 29.8% |
| Employee Cost (INR Cr) | 64 16.7% | 55 -8.8% | 60 -12.3% | 68 26.1% | 54 14.3% | 47 6.8% | 44 -3.6% | 46 3.1% | 45 8.2% | 41 6.4% | 39 20.3% | 32 29.7% | 25 -17.1% | 30 46.4% | 20 25.4% | 16 - |
| Interest Cost (INR Cr) | 70 | 36 | 25 | 19 | 24 | 34 | 33 | 33 | 36 | 37 | 35 | 26 | 35 | 13 | 6 | 10 |
| Cash & Bank Balance (INR Cr) | 117 | 52 | 61 | 28 | 14 | 6 | 7 | 7 | 8 | 23 | 8 | 14 | 21 | 17 | 18 | 8 |
| Total Debt (INR Cr) | 773 | 816 | 638 | 203 | 151 | 243 | 303 | 310 | 316 | 376 | 363 | 335 | 304 | 224 | 54 | 53 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | 10.9% | 11.4% | 13.7% | 9.6% | 3.0% | 0.7% | - | 0.6% | 0.4% | 0.9% | - | - | 18.6% | 7.0% | 9.0% |
| Profit As % Of Assets | - | 8.5% | 10.6% | 18.3% | 16.6% | 5.2% | 0.8% | - | 0.7% | 0.6% | 1.3% | - | - | 25.7% | 12.0% | 17.3% |
| Profit As % Of Networth | - | 18.4% | 22.0% | 26.9% | 24.4% | 9.9% | 1.9% | - | 1.6% | 1.4% | 3.3% | - | - | 47.6% | 16.2% | 24.9% |
| Interest Cost to EBITDA % | - | 39.6% | 14.6% | 8.0% | 12.9% | 31.7% | 50.0% | 77.9% | 51.2% | 52.1% | 46.9% | 63.9% | 100.6% | 5.7% | 10.6% | 13.7% |
| Debt to Equity Ratio | 1.08 | 1.10 | 1.03 | 0.40 | 0.37 | 0.77 | 1.07 | 1.12 | 1.10 | 1.41 | 1.41 | 1.33 | 1.18 | 0.82 | 0.32 | 0.40 |
| RONW | - | 20.1% | 24.2% | 26.9% | 27.5% | 10.4% | 1.9% | - | 1.7% | 1.5% | 3.3% | - | - | 58.4% | 18.2% | 28.2% |
| ROCE | -4.1% | 4.2% | 14.0% | 27.1% | 27.2% | 13.2% | 6.4% | 2.8% | 6.8% | 6.6% | 8.0% | 3.4% | 2.7% | 56.9% | 23.1% | 29.5% |