Orient Paper & Industries Ltd

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Nifty 18,800Sensex 5,640Script DetailsEquity Capital ` 20.29 CrFace Value ` 1Market Cap ` 1103.1652 Weeks High/Low 66.20/42.606-month avg. volume(BSE) 12,328(NSE) 42,634Shareholding Pattern As On Mar’10 (%)Promoters 33.7%Corporate Bodies & 52%InstitutionsPublic 14.3%14%34%52%PROMOTER CB & INST PUBLICRecommendation: BUY Coverage Initiated on: 7 th Sep, 2010BSE Code: 502420 Bloomberg Code: OPI IN MP as on 7 th Sep: ` 61NSE Code: ORIENTPPR Reuters Code :ORPP.BO CMP: ` 62OverviewOrient Paper & Industries (OPIL) was incorporated in 1939 as Orient Paper Mills. The companyentered into manufacturing of fans in 1954 by setting up Calcutta Electrical ManufacturingCompany, which toady is known as Orient Fans.The name was later changed to the present one in the year 1978. Back then the company’s corebusiness was manufacturing of paper.OPIL is part of the C K Birla Group. . Today it has emerged as a multi-product, multi locationcompany.ProductsPaper- The company’s manufacturing facility is located at AMLAI in Madhya Pradesh. This planthas capacity to produces a variety of paper of grades and types. It has also set up facilities toproduce spectrum of soft tissue paper. OPIL paper products are exported to countries likeAfrica, Middle East, Bangladesh, Sri Lanka and Nepal.The company has set up Pan African Paper Mills in Kenya in partnership with government ofKenya and International Finance Corporation.Fans- The company manufactures and markets range of fans under the name Orient Fans. Itmanufactures ceiling fans, desk fans, wall-mounted fans, pedestal fans, exhaust fans and multi-utility fans. It has production capacity of over 3 million units per annum.The company became first in India to introduce various technologies in order to increase itsproductivity such as die-casting of the rotor and fan body cover in ceiling fans, semi automaticcoil-winding process, Dual assembly line system, automatic coil winding and many more.Cement- The company’s cement unit is located at Devapur in Andhra Pradesh and also atJalgaon, Maharashtra. It has a total production capacity of 5 million tonnes of cement perannum. OPIL produces ordinary portland cement of two grades 43 and 53. It also producesportland cement.
. OutlookThe company is planning to expand it cement business by setting up plants in West Bengal,Orissa, Rajasthan or Karnataka. The project will require an investment of Rs 320 crore.FINANCIAL HIGHLIGHTSSource: ACE EquityPROFIT & LOSS(IN Crore)Particulars 3month Jun 10 3 month Jun 09 Year End Mar 10Gross Sales 494 377.19 1769Other Income 1 0.85 6.42Total Exp. 370 282.60 1312Op. Profit 81 66.12 317.23Interest 10 6.07 34.53PBT 51 51.12 234.10Tax 13 17.57 74.80Profit/Loss after Tax 34.24 33.56 159.31Net Profit 34.24 33.56 159.31Adjusted EPS 1.8 1.74 8.261. Gross sales have increased to ` 494 Cr by 30.96% as compared to the correspondingperiod of the previous year.2. Profit before tax decreased marginally to ` 51 Cr from ` 51.12 Cr in the same quarterprevious year.3. Net profit of the company stood at ` 34.24 Cr against profit of ` 33.56 Cr in the samequarter previous year an increase of 2.02%4. Adjusted EPS of the company is at ` 1.8 against EPS of ` 1.74 in the same quarterprevious year.
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Page 5 and 6: FINANCIAL HIGHLIGHTS2,500.002,000.0
Page 7 and 8: CASH FLOW(IN CRORES)Particulars Mar
Page 9 and 10: POSITIVESDiversified portfolioThe c
Page 11 and 12: Electrical divisionThe company is t
Page 13 and 14: RecommendationsAt current market pr

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