Orient Paper & Industries Limited
 
 
 
 
Financial Year 2017-2018
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Financial Year 2016-2017
April-June July-September October-December January-March
Financial Year 2015-2016
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Financial Year 2014-2015
April-June July-September October-December January-March
Financial Year 2013-2014
April-June July-September October-December January-March
Financial Year 2012-2013
April-June July-September October-December January-March
Financial Year 2011-2012
April-June July-September October-December January-March
Financial Year 2010-2011
April-June July-September October-December January-March
Financial Year 2009-2010
April-June July-September October-December January-March
Financial Year 2008-2009
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Unaudited Financial Results for the quarter / half year ended 30th September,2012
                 
                (Rs. in lacs )
Sl. P  a  r  t  i  c  u  l  a  r  s Quarter Ended Half Year Ended Year Ended
No.   30.09.2012 30-06-2012 30.09.2011 30.09.2012   30.09.2011 31.03.2012
    ( Unaudited ) ( Unaudited ) ( Unaudited ) ( Unaudited )   ( Unaudited ) (Audited)
PART - I              
1 Income from Operations              
  Gross Sales/Income from Operations  67082.27 73747.71 55547.49 140829.98   113909.21 270651.26
  Less : Excise duty  7241.19 8058.94 5604.89 15300.13   11591.84 27314.40
  (a) Net Sales/Income from Operations 59841.08 65688.77 49942.60 125529.85   102317.37 243336.86
  (b)Other Operating Income 963.24 1155.69 920.16 2118.93   3080.85 5726.88
  Total Income from Operations (Net) 60804.32 66844.46 50862.76 127648.78   105398.22 249063.74
2 Expenditure 57858.73 59091.62 47206.19 116950.35   92344.79 215225.52
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress 276.61 (4406.21) (282.63) (4129.60)   (4280.56) (1398.72)
  (b) Purchases of Traded Goods 4521.10 3857.70 1927.98 8378.80   4774.09 12500.41
  (c) Consumption of raw materials 16701.80 21138.10 14605.73 37839.90   32384.88 73946.68
  (d) Consumption of Stores , Chemicals & Spares 2216.65 2066.57 1967.52 4283.22   3345.35 7430.23
  (e) Power & Fuel 12576.98 12391.11 9314.15 24968.09   17814.09 40693.15
  (f) Employees benefits expenses 4180.29 4130.57 3577.02 8310.86   7093.24 14676.30
  (g) Packing, Freight & Forwarding Charges  8337.47 9373.46 6966.40 17710.93   14260.66 32190.99
  (h) Depreciation 2182.74 2170.84 2175.99 4353.58   4307.81 8840.04
  (i) Other Expenditure 6865.09 8369.48 6954.03 15234.57   12645.23 26346.44
3 Profit from Operations before Other Income, Finance costs & tax (1-2) 2945.59 7752.84 3656.57 10698.43   13053.43 33838.22
4 Other Income 569.85 371.00 734.14 940.85   1046.34 2229.49
5 Profit before Finance costs & tax (3+4) 3515.44 8123.84 4390.71 11639.28   14099.77 36067.71
6 Finance costs 738.92 953.43 968.93 1692.35   1940.90 4233.22
7 Profit from Ordinary Activities before tax (5-6) 2776.52 7170.41 3421.78 9946.93   12158.87 31834.49
8 Tax Expenses              
  Current Tax 867.00 2253.00 854.21 3120.00   3503.21 9555.39
  MAT Credit Entitlement                      -                 -                25.59                -     25.59 (36.46)
  Deferred Tax (9.50) 29.41 135.66 19.91   286.10 1087.98
                 
9 Net Profit from Ordinary Activities after tax (7-8) 1919.02 4888.00 2406.32 6807.02   8343.97 21227.58
10 Paid-up Equity Share Capital (Face Value per share : Re.1/-)           2,048.79         2,048.79 1928.77      2,048.79   1928.77 2048.79
11 Paid-up Debt Capital        10000.00   10000.00 10000.00
12 Reserves excluding Revalution Reserve             109023.88
13 Debenture Redemption Reserve (included in item 12 above)       2500.00   4875.00 2500.00
14 Earning per share (EPS) (Face value of Re.1/- each)              
  Basic 0.94 2.39 1.25 3.32   4.32 10.94
  Diluted 0.94 2.39 1.23 3.32   4.26 10.94
15 Debt Equity Ratio       0.13   0.29 0.25
16 Debt Service Coverage Ratio       1.15   4.44 5.57
17 Interest Service Coverage Ratio       6.55   7.85 8.55
PART - II              
A Particulars of Shareholding              
1 Aggregate of Public Shareholding              
  - Number of shares 128038838 128038838 128054848 128038838   128054848 128038838
  - Percentage of shareholding 62.50% 62.50% 66.39% 62.50%   66.39% 62.50%
2 Promoters and Promoter Group Share Holding              
  a) Pledged / Encumbered              
  Number of shares 4000000 7000000 Nil 4000000   Nil 9500000
  Percentage of shares (as % of the total shareholding of promoter and promoter group) 5.21 9.11% Nil 5.21   Nil 12.36%
  Percentage of shares (as % of the total share capital of the company) 1.95 3.42% Nil 1.95   Nil 4.64%
                 
  b) Non- Encumbered              
  Number of shares 72829922 69829922 64829922 72829922   64829922 67329922
  Percentage of shares (as % of the total shareholding of promoter and promoter group) 100% 90.89% 100% 100%   100% 87.64%
                 
  Percentage of shares (as % of the total share capital of the company) 35.55% 34.08% 33.61% 35.55%   33.61% 32.86%
B Investor Complaints 3 months ended 30-09-2012          
    Pending at the beginning of the quarter Nil          
    Received during the quarter 10          
    Disposed of during the quarter 10          
    Remaining unresolved at the end of the quarter Nil          
                 
Notes :-              
1 Limited Review of the above quarterly / six months results has been carried out by the statutory auditors of the company.
2 Ratios have been computed as follows:              
  Debt Service Coverage Ratio = Earning before interest, depreciation and tax  / [interest expenses (including interest capitalised)+ principal  repayment of debt]
  Interest Service Coverage Ratio = Earning before interest, depreciation and tax  / interest expenses(including interest capitalised). 
  Debt represents long term loans / debentures.
  Equity represents Issued, Subscribed and Paid up Share Capital (including Share Warrants) and Reserves & Surplus ( excluding revaluation reserve).
3 Paid up Debt Capital represents listed Debentures.            
                 
4 Provision against demand for Water Tax, which had been referred to by the auditors in their report on accounts for the year ended 31st March, 2012 and subsequent limited review report for the quarter ended 30th June, 2012, has been paid / provided to the extent of liability admitted by the Company  for the period upto April, 2009 i.e. the period prior to new agreement effective from May, 2009 entered into with the Water Resources Department. No provision against the balance demand of Rs. 24764.83 lacs has been made since the Company's application for waiver thereof is under consideration by the Government of Madhya Pradesh.
5 The Scheme of arrangement to demerge the Cement undertaking of the Company w.e.f. 1st April, 2012 by transferring the same on a going concern basis to a newly formed wholly owned subsidiary namely Orient Cement Limited, filled by the Company, has been approved by the Hon'ble Orissa High Court vide its Order dated 27th July, 2012. Certified copy of the Order has been received which has certain inaccuracies/typographical errors. Pending receipt of corrected copy of the above Order and its filing with the Registrar of Companies, upon which the demerger will become effective, no accounting adjustment thereof has been made in the above results.
6 The above results include profit from discontinuing operation i.e. cement undertaking of the Company which is to be demerged w.e.f. 1st April, 2012 as stated in Note No. 5 above, the details whereof are as under :
                (Rs. In lacs )
     Quarter Ended   Half Year Ended   Year Ended 
    30.09.2012 30-06-2012 30.09.2011 30.09.2012   30.09.2011 31.03.2012
  1)    Income from Operations              
  Gross Sales/Income from Operations  40655.36 44533.88 33072.83 85189.24   68948.40 155420.62
  Less : Excise duty  5153.36 5569.55 3898.36 10722.91   8118.63 18126.78
  (a) Net Sales/Income from operations 35502.00 38964.33 29174.47 74466.33   60829.77 137293.84
  (b)Other Operating Income 91.19 165.52 58.49 256.71   1199.71 2033.99
  Total Income from operations ( Net ) 35593.19 39129.85 29232.96 74723.04   62029.48 139327.83
  2)    Expenditure 29724.98 30024.66 23666.58 59749.64   45558.40 101807.06
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress 65.16 (1189.14) 283.80 (1123.98)   (359.09) 108.11
  (b) Purchases of Traded Goods                     -                     -                      -                  -                       -                      -  
  (c) Consumption of raw materials 5516.68 5853.49 4277.74 11370.17   8873.02 20452.34
  (d) Consumption of Stores , Chemicals & Spares 1176.29 744.68 742.74 1920.97   1270.71 2484.41
  (e) Power & Fuel 9548.01 9106.82 6639.67 18654.83   13104.24 29661.67
  (f) Employees benefits expense 1139.04 1209.51 881.04 2348.55   1796.69 3687.43
  (g) Packing, Freight & Forwarding Charges  6989.03 7753.81 5803.04 14742.84   11805.88 26598.40
  (h) Depreciation 1376.61 1378.82 1421.13 2755.43   2815.60 5806.06
  (i) Other Expenditure 3914.16 5166.67 3617.42 9080.83   6251.35 13008.64
  3)   Profit from Operations before Other Income, Finance costs & tax (1-2) 5868.21 9105.19 5566.38 14973.40   16471.08 37520.77
  4)     Other Income 28.47 35.19 84.22 63.66   131.18 305.21
  5)   Profit before Finance costs & tax (3+4) 5896.68 9140.38 5650.60 15037.06   16602.26 37825.98
  6)      Finance Costs 476.59 610.29 431.05 1086.88   943.04 1885.08
  7)    Profit from Ordinary Activities before tax (5- 6) 5420.09 8530.09 5219.55 13950.18   15659.22 35940.90
  8)     Tax Expenses (including deferred tax) 1758.57 2767.57 1693.48 4526.14   5080.63 12159.96
  9)    Net Profit from Ordinary Activities after tax (7-8) 3661.52 5762.52 3526.07 9424.04   10578.59 23780.94
                 
7 There were no exceptional and extraordinary items during the quarter / six months ended 30th September, 2012.
8 Previous period figures have been regrouped / rearranged wherever necessary.
9 The above results were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on 31st October, 2012.
10 Statement of Assets and Liablities:    
      ( Rs. In lacs )          
  Particulars            
    As at 30th As at 31st          
    Sept. 2012 Mar. 2012          
    ( Unaudited ) (Audited)          
  A. EQUITY AND LIABILITIES              
      1. Shareholders’ funds              
          (a) Share capital 2048.79 2048.79          
          (b) Reserves and surplus 116585.20 109808.36          
  Sub-total-Shareholders' funds 118633.99 111857.15          
     2. Non-current liabilities              
         (a) Long-term borrowings 14890.52 14890.52          
         (b) Deferred Tax Liabilities (Net) 14643.40 14623.49          
        (c ) Other long-term liabilities 5841.58 5500.18          
        (d) Long-term provisions 2079.81 1893.54          
  Sub-total-Non-current liabilities 37455.31 36907.73          
     3. Current liabilities              
        (a) Short-term borrowings 22870.94 23678.61          
        (b) Trade payables 20887.03 21973.87          
       (c ) Other current liabilities 13471.74 24218.21          
       (d)  Short-term provisions 1979.53 4387.80          
  Sub-total-Current liabilities 59209.24 74258.49          
  TOTAL -  EQUITY AND LIABILITIES 215298.54 223023.37          
  A. ASSETS              
      1. Non-current assets              
         (a) Fixed assets 142474.38 140538.31          
         (b) Non-current investments 902.18 901.65          
         (c ) Long-term loans and advances 5430.45 3986.86          
  Sub-total-Non-current assets 148807.01 145426.82          
      2. Current assets              
         (a) Current investments 205.56 7844.14          
         (b) Inventories 23603.62 19642.66          
         (c ) Trade receivables 23390.54 34695.05          
         (d) Cash and bank balances 5921.56 5149.19          
         (e) Short-term loans and advances 12835.11 9604.16          
         (f) Other current assets 535.14 661.35          
  Sub-total-Current assets 66491.53 77596.55          
  TOTAL -  ASSETS 215298.54 223023.37          
                 
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
                 
                (Rs. In lacs )
Sl. P  a  r  t  i  c  u  l  a  r  s Quarter Ended Half Year Ended Year Ended
No. 30.09.2012 30-06-2012 30.09.2011 30.09.2012   30.09.2011 31.03.2012
    ( Unaudited ) ( Unaudited ) ( Unaudited ) ( Unaudited )   ( Unaudited ) (Audited)
1 Segment Revenue :               
  a) Cement  35502.00 38964.33 29174.47 74466.33   60829.77 137293.84
  b) Paper & Board 7784.48 8162.49 7586.13 15946.97   12587.36 32861.83
  c) Electrical Consumer Durables 16339.35 18400.42 12977.11 34739.77   28531.09 72391.09
  d) Others              215.25            161.53           204.89         376.78             369.15           790.10
  Total  59841.08 65688.77 49942.60 125529.85   102317.37 243336.86
    Less : Inter Segment Revenue                     -                  -                   -                  -                     -                   -  
  Net Sales/Income from Operations 59841.08 65688.77 49942.60 125529.85   102317.37 243336.86
2 Segment Results : (Profit (+)/Loss(-) before               
  interest & Tax from each segment)  :              
  a) Cement  5895.29 9132.42 5640.48 15027.71   16580.07 37778.39
  b) Paper & Board - Amlai (2389.23)       (1,473.24) (1381.71)     (3,862.47)   (3542.05) (6110.51)
            - Brajrajnagar * (108.94) (115.54) (47.54) (224.48)   (167.51) (316.78)
    (2498.17)       (1,588.78)        (1,429.25)     (4,086.95)   (3709.56) (6427.29)
  c) Electrical Consumer Durables 96.24 672.78 275.38 769.02   1492.66 5298.32
  d) Others                 6.65               8.01             13.82           14.66              24.22             48.96
  Total  3500.01 8224.43 4500.43 11724.44   14387.39 36698.38
  Less :              
  (i)  Finance Costs 738.92 953.43 968.93 1692.35   1940.90 4233.22
  (ii) Other un-allocable expenditure               
       net of un-allocable income (15.43) 100.59 109.72 85.16   287.62 630.67
  Profit Before Tax  2776.52 7170.41 3421.78 9946.93   12158.87 31834.49
3 Capital Employed :              
  a) Cement  104566.98    1,02,959.89 100347.52 104566.98   100347.52 100772.49
  b) Paper & Board 45127.25       43,593.80 35009.40 45127.25   35009.40 44315.39
  c) Electrical Consumer Durables 22018.69       22,589.23 18573.90 22018.69   18573.90 25681.54
  d) Others              130.64            116.14           122.21         130.64             122.21           138.44
  Total 171843.56 169259.06 154053.03 171843.56   154053.03 170907.86
  * Shown seperately since the unit is non - operational.              
                 
              By Order of the Board
  NEW DELHI       for ORIENT PAPER & INDUSTRIES LTD.
  October 31st, 2012      
                 
              M.L.PACHISIA
              (Managing Director)
                 
 

NEWS

31/10/2017
NOTICE is hereby given that a Meeting of the Board of Directors of the Company convened to be held on Saturday the 4th November,2017 has been postponed and will be held on Tuesday , the 7th November, 2017 inter alia to consider Unaudited Financial Results of the Company for the quarter / half year ended 30th September, 2017, subject to ‘Limited Review’ by the Auditors of the Company.
16/10/2017
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Saturday , the 4th November, 2017 inter alia to consider Unaudited Financial Results of the Company for the quarter / half year ended 30th September, 2017, subject to ‘Limited Review’ by the Auditors of the Company.
17/04/2017
Board of Directors of the Company at its meeting held today inter-alia recommended payment of Interim Dividend @ Re.0.50 (50%) on 21,21,85,502 equity shares of Re.1/- each for the year 2016-17. In this connection 27th April, 2017 has been fixed as record date for the purpose of payment of Interim Dividend
02/01/2017
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday , the 20th January,2017 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 31st December, 2016, subject to ‘Limited Review’ by the Auditors of the Company
27/10/2016
In terms of Regulation 30 of SEBI (Listing Obligations Disclosure Requirements) 2015, we wish to inform you that the credit rating for Term loans / Bank facilities and Commercial paper of the company has been placed on credit watch by Credit Analysis & Research Ltd. (CARE) in view of the proposed demerger of the Company's Consumer Electric Business into its Wholly Owned Subsidiary Company, Orient Electric Ltd.
19/07/2016
Notice is hereby given that Register of Members and Share Transfer Books will be closed from 16th August 2016 to 22nd August, 2016 (both days inclusive) for the purpose of payment of dividend @ Re. 0.25 (25%) per share on 204868760 Equity shares of Re.1/- each as recommended by the Board of Directors of the Company at its meeting held on 6th May,2016. The dividend will be paid subject to the approval of the Shareholders
12/07/2016
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Thursday , the 4th August , 2016 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 30th June, 2016, subject to 'Limited Review' by the Auditors of the Company.
11/04/2016
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday, the 6th May, 2016 inter alia to consider draft Annual Report & Accounts of the Company for the year ended 31st March, 2016 and declaration of Dividend if any.
11/01/2016
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday, the 29th January, 2016 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 31st December, 2015 subject to 'Limited Review' by the Auditors of the Company.
05/10/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday , the 30th October , 2015 inter alia to consider Unaudited Financial Results of the Company for the quarter / half year ended 30th September, 2015 subject to ‘Limited Review’ by the Auditors of the Company.
14/07/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Wednesday , the 5th August,2015 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 30th June, 2015 subject to ‘Limited Review’ by the Auditors of the Company.
22/06/2015
Notice is hereby given that Register of Members and Share Transfer Books will be closed from 14th August 2015 to 20th August, 2015 (both days inclusive) for the purpose of payment of dividend @ Re. 0.10 (10%) per share on 204868760 Equity shares of Re.1/- each as recommended by the Board of Directors of the Company at its meeting held on 11th May,2015. The dividend will be paid subject to the approval of the Shareholders
13/05/2015
Notice is hereby given that MCS Share Transfer Agent Limited will function as Registrar and Share Transfer Agent (RTA) of Orient Paper & Industries Ltd, effective from 30th April,2015 in place of MCS Limited. The address (Registered Office) of MCS Share Transfer Agent Limited is 12/1/5, Manohar Pukur Road, Kolkata-700 026, Phone No.(033) 4072-4051, Fax (033)4072-4050, Email ID mcssta@rediffmail.com
23/04/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Monday , the 11th May, 2015 inter alia to consider draft Annual Report & Accounts of the Company for the year ended 31st March, 2015 and declaration of Dividend if any.
15/01/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Tuesday , the 3rd February, 2015 inter alia to consider Unaudited Financial Results of the Company for thequarter ended 31st December, 2014 subject to ‘Limited Review’ by theAuditors of the Company
21/10/2014
Meeting of the Board of Directors of the Company has been convened to be held on Wednesday , the 5th November, 2014 inter alia to consider Unaudited Financial Results of the Company for the quarter / half year ended 30th September, 2014 subject to ‘Limited Review’ by the Auditors of the Company.
23/05/2014
Notice is hereby given that Register of Members and Share Transfer Books will be closed from 2nd August 2014 to 8th August, 2014 (both days inclusive) for the purpose of payment of dividend @ Re. 0.10 (10%) per share on 204868760 Equity shares of Re.1/- each as recommended by the Board of Directors of the Company at its meeting held on 8th May,2014. The dividend will be paid subject to the approval of the Shareholders.
17/04/2014
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Thursday, the 8th May,2014 inter alia to consider draft Annual Report & Accounts of the Company for the year ended 31st March,2014 and declaration of Dividend if any.
09/01/2014
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Thursday, the 30th January, 2014 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 31st December, 2013 subject to 'Limited Review' by the Auditors of the Company.
 
Key Financial Highlights (Quarter ended 30-09-2017)
Total income from continuing operations Rs. 16925 lacs as against Rs. 15315 lacs last year.

 

PBITD from continuing operations Rs. 3338 lacs as against Rs. 1312 lacs last year.
Profit before tax from continuing operations Rs. 2319 lacs as against Rs. 341 lacs last year.
Profit after tax Rs. 2151 lacs as against Rs. 294 lacs last year (including profit from discontinuing operations but excluding other comprehensive income).
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