Orient Paper & Industries Ltd. share price target

Orient Paper and Industries Ltd (OPIL) reported another weak quarterly result, marred by subdued demand due to nationwide lockdown amid Covid-19. The company reported net sales of Rs806mn, down by 46.2% YoY. Negative operating leverage weighed on EBITDA at negative Rs161mn, while net loss stood at Rs174mn. Our interaction with the management suggests that writing and printing paper demand is still subdued in Q2 and there is no improvement in net sales realization as well. On a positive note, OPIL has forayed into copier paper, which should partially support sales volume going forward. The company has taken stringent cost cutting measures across the cost verticals, which would aid OPIL to tide...

OPIL, incorporated in 1936, belongs to a leading business conglomerate, the CK Birla Group. OPIL is an integrated paper manufacturer with capacities of 72,500 MTPA of pulp, 55,000 MTPA of P&W; paper, 50,000 MTPA of tissue paper and 55 MW of power in Amlai. It also has 36,000 MTPA capacity of Caustic Soda, contributing 18% to revenue. Vide a process of sequential demergers its...

Orient Paper & Industries Ltd (OPIL) reported PAT of INR 30 crore, up 56.6% from our estimate

Orient Paper & Industries Ltd (OPIL) is a leading paper manufacturer in India, with a capacity of 105 ktpa (P&W;: 55 ktpa; tissue paper: 50 ktpa).

We met the management of Orient Paper and Industries (OPIL) to get an insight into its business and future plans. The company came into existence post de-merger of its cement business in FY13. Currently, OPIL manufactures electrical consumer durable (ECD) and paper segment. The ECD segment comprised largely fans, lighting & brown goods and contributes ~70% to the total topline.

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