Company Overview

Orient Press Limited stands as a diversified printing and packaging solutions provider that has been serving both domestic and international markets since its incorporation in 1987. Founded in January 1987, Orient Press Limited went public in 1990 and has evolved into a comprehensive manufacturer operating across multiple business verticals in the printing and packaging industry.

The company operates as a subsidiary of Madhuban Lending and Holdings and is led by Ramvilas Maheshwari as Chairman and Managing Director, with Shubhangi Lohia serving as Company Secretary. As of March 13, 2025, Orient Press Ltd holds a market capitalization of ₹87 crores, positioning itself as a Small Cap company.

Business Segments and Operations

Orient Press Limited operates through three distinct business segments that contribute to its comprehensive market presence: Printing, Flexible Packaging, and Paper Board Packaging. The Flexible Packaging segment currently generates maximum revenue for the company.

Printing Division

The printing segment encompasses a wide array of services and products. The company engages in commercial and security printing, including:

- Capital market stationery

- Textbooks and notebooks

- IPO application forms

- Annual reports

- Spiral binding, writing pads, diaries, calendars

- Answer booklets and railway tickets

- Security printing services such as MICR cheques, dividend warrants, shares & debenture certificates, coupons, computer stationery, telephone scratch cards, smart cards, and recharge coupons.

Flexible Packaging Solutions

The Flexible Packaging segment specializes in multi-layer film laminates and offers comprehensive packaging solutions. The company provides:

- Laminates, pouches, and zipper pouches

- Shrink sleeves and roll forms

- Soap wrappers and tea bags

These printed BOPP and multi-layer laminated films are utilized in wrappers, bags, and pouches for packing various items including processed foods, pan masala, tea, coffee, spices, confectionery, soaps, detergents, pharmaceuticals, and cosmetics.

Paper Board Packaging

The company offers monocartons including folding cartons, food and pharma packaging, and shirt and tissue boxes for sectors such as food and beverages, pharmaceuticals, spirits, FMCG, and others. Additional products in this segment include rigid boxes, paper bags, paper cups, and corrugated boxes. The company previously raised funds for planned expansion into paper board carton manufacturing, investing ₹16.35 crore into a new production facility at Silvassa, with production commencing in 1998.

Financial Performance and Key Metrics

Revenue and Profitability

Orient Press has an operating revenue of ₹164.57 crores on a trailing 12-month basis. However, the company faces some operational challenges, reflected in an annual revenue de-growth of 0%, a pre-tax margin of -1%, and a Return on Equity (ROE) of -1%.

Recent quarterly performance shows volatility. A net loss of ₹0.75 crore was reported for the quarter ended December 2024, compared to a net loss of ₹0.56 crore in December 2023. Sales declined by 21.36% to ₹34.10 crore in Q3 FY25 versus ₹43.36 crore in the same period the previous year.

Valuation Metrics

The company's valuation metrics indicate current challenges:

- Current PE Ratio: Negative (-31.69) due to negative trailing twelve months (TTM) earnings.

- PB Ratio: 1.35 times (as of March 13, 2025), representing a 42% discount to its peers' median range of 2.26 times.

Balance Sheet Position

The company maintains a reasonable debt-to-equity ratio of 13%, which signals a healthy balance sheet. However, the TTM profit after tax was negative at ₹-1 crore, indicating profitability challenges that require attention.

Stock Performance and Trading Data

Orient Press Ltd's stock has shown significant price volatility:

- 52-Week High: ₹163.40

- 52-Week Low: ₹75.01

- 3-Year Return: 2.55%, indicating modest long-term performance.

From a technical standpoint, the stock is positioned above its key moving averages (approximately 9% from 50DMA and 18% from 200DMA) and is currently forming a base in its weekly chart, trading around 10% away from a crucial pivot point.

- Employees: 137

- NSE Symbol: ORIENTLTD

- BSE Code: 526325

Shareholding Pattern and Governance

- Promoter Holding: 73% (as of the last reported quarter)

- Public Holding: 27%

- Auditor: Sarda & Pareek LLP

Orient Press Limited continues to navigate through challenging market conditions while maintaining its diversified approach across printing and packaging segments. The company's established presence in multiple business verticals, reasonable debt levels, and strong promoter holding provide a foundation for potential recovery. However, investors should carefully consider the current profitability challenges and market dynamics affecting the packaging industry.