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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

GE T&D India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 24, 2024, 11:31 am

Market Cap 44,630 Cr.
Current Price 1,743
High / Low1,984/346
Stock P/E155
Book Value 48.5
Dividend Yield0.11 %
ROCE23.1 %
ROE15.7 %
Face Value 2.00
PEG Ratio2.16

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for GE T&D India Ltd

Competitors of GE T&D India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of GE T&D India Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,034904638852914662593701777703718698839
Expenses977860637832885821571695731675667637742
Operating Profit574512029-1592254628516197
OPM %6%5%0%2%3%-24%4%1%6%4%7%9%12%
Other Income497001134922-8-1129-4
Interest158111414-181012131177
Depreciation16161616161013141415131312
Profit before tax7527-25-100-3510412-0395073
Tax %26%40%24%20%124%36%38%35%62%-12,692%27%26%32%
Net Profit5616-19-8-0-23635-15283749
EPS in Rs2.180.63-0.75-0.30-0.00-0.880.250.110.19-0.601.101.451.93

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4,1393,1523,5243,7113,3034,0524,3324,2193,1593,4523,0662,7732,895
Expenses3,7052,8903,2113,3793,1973,9964,0573,7653,3543,2823,1552,6522,710
Operating Profit43426231333210757275454-195171-89121185
OPM %10%8%9%9%3%1%6%11%-6%5%-3%4%6%
Other Income30344411142141239495691362213
Interest125929291107182106858784596143
Depreciation101818782868890837866585554
Profit before tax23812317717056-73319335-35689-6927101
Tax %32%31%34%29%38%-18%35%36%15%32%29%106%
Net Profit1628411712134-87209213-30360-50-155
EPS in Rs6.803.524.574.711.35-3.388.158.31-11.822.36-1.94-0.062.14
Dividend Payout %26%51%39%38%134%-53%22%22%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-48.15%39.29%3.42%-71.90%-355.88%340.23%1.91%-242.25%119.80%-183.33%98.00%
Change in YoY Net Profit Growth (%)0.00%87.43%-35.87%-75.32%-283.98%696.11%-338.32%-244.17%362.06%-303.14%281.33%

GE T&D India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital485151515151515151515151
Reserves8621,1981,2611,1279821,1381,3771,0001,0711,0291,0221,192
Borrowings4184932805045181008159931622627342
Other Liabilities2,8182,9572,9003,0903,5633,4792,6882,5032,6302,4612,3332,300
Total Liabilities4,1454,7004,4924,7725,1144,7694,1964,1544,0693,7673,6793,584
Fixed Assets620639687684656586513538494457421401
CWIP5411070332518512229911
Investments000000000000
Other Assets3,4723,9503,7354,0554,4334,1653,6793,6043,5543,3023,2503,173
Total Assets4,1454,7004,4924,7725,1144,7694,1964,1544,0693,7673,6793,584

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow434.00-156.00-180.0052.00-397.00-461.00175.00373.00-794.00-145.00-315.00-152.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days199238211228205152175219201186204166
Inventory Days12124729251154223413617714396119103
Days Payable316673766823805389247272275171197156
Cash Conversion Cycle3-188-262-84-58-46312569111127114
Working Capital Days6993717745-9557848345130
ROCE %14%18%16%10%7%30%31%-14%11%-9%8%23%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%59.38%
FIIs0.26%0.25%0.25%0.27%0.26%0.26%0.37%0.59%0.69%1.20%2.04%6.82%
DIIs15.49%15.47%15.72%15.70%15.73%15.72%16.52%16.18%16.11%15.84%14.96%25.61%
Public9.25%9.28%9.03%9.04%9.01%9.02%8.11%8.23%8.20%7.96%8.00%8.19%
No. of Shareholders41,14341,86240,82539,06339,12338,86538,22639,71737,44344,12159,13074,413

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Long Term Equity Fund12,194,3283.06481.986,859,0482024-11-2077.78%
SBI Small Cap Fund8,420,8401.57332.836,859,0482024-11-2022.77%
Nippon India Multi Cap Fund6,859,0481.3271.16,859,0482024-11-200%
Nippon India Large Cap Fund4,341,3911.03171.596,859,0482024-11-20-36.71%
HSBC Value Fund1,566,8210.6761.936,859,0482024-11-20-77.16%
SBI Conservative Hybrid Fund1,600,0000.6861.546,859,0482024-11-20-76.67%
SBI Conservative Hybrid Fund - Div (Annual)1,600,0000.6861.546,859,0482024-11-20-76.67%
SBI Conservative Hybrid Fund - Div (Monthly)1,600,0000.6861.546,859,0482024-11-20-76.67%
SBI Infrastructure Fund1,113,7993.3644.026,859,0482024-11-20-83.76%
Nippon India Value Fund509,7860.3620.156,859,0482024-11-20-92.57%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthDec 10
FaceValue10.00
Basic EPS (Rs.)39.05
Diluted EPS (Rs.)39.05
Cash EPS (Rs.)58.62
Book Value[Excl.RevalReserv]/Share (Rs.)209.51
Book Value[Incl.RevalReserv]/Share (Rs.)209.61
Revenue From Operations / Share (Rs.)843.15
PBDIT / Share (Rs.)92.20
PBIT / Share (Rs.)72.62
PBT / Share (Rs.)58.89
Net Profit / Share (Rs.)39.05
NP After MI And SOA / Share (Rs.)39.05
PBDIT Margin (%)10.93
PBIT Margin (%)8.61
PBT Margin (%)6.98
Net Profit Margin (%)4.63
NP After MI And SOA Margin (%)4.63
Return on Networth / Equity (%)18.63
Return on Capital Employeed (%)32.66
Return On Assets (%)4.17
Long Term Debt / Equity (X)0.05
Total Debt / Equity (X)0.89
Current Ratio (X)1.05
Quick Ratio (X)0.90
Dividend Payout Ratio (NP) (%)23.04
Dividend Payout Ratio (CP) (%)15.35
Earning Retention Ratio (%)76.96
Cash Earning Retention Ratio (%)84.65
Interest Coverage Ratio (X)6.71
Interest Coverage Ratio (Post Tax) (X)3.84
Enterprise Value (Cr.)2327.56
EV / Net Operating Revenue (X)0.57
EV / EBITDA (X)5.28
MarketCap / Net Operating Revenue (X)0.38
Retention Ratios (%)76.95
Price / BV (X)1.55
Price / Net Operating Revenue (X)0.38
EarningsYield0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of GE T&D India Ltd as of November 22, 2024 is: 1,181.55

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, GE T&D India Ltd is Overvalued by 32.21% compared to the current share price 1,743.00

Intrinsic Value of GE T&D India Ltd as of November 22, 2024 is: 2,029.73

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, GE T&D India Ltd is Undervalued by 16.45% compared to the current share price 1,743.00

Last 5 Year EPS CAGR: 71.79%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,104.92 cr) compared to borrowings (320.83 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (3.15 cr) and profit (87.46 cr) over the years.
  1. The stock has a low average ROCE of 12.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 53.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 1.33, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in GE T&D India Ltd:
    1. Net Profit Margin: 4.63%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 32.66% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.63% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.84
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.9
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 155 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.89
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
Industry not foundAddress not foundContact not found
Management Data not Available

FAQ

What is the latest intrinsic value of GE T&D India Ltd?

The latest intrinsic value of GE T&D India Ltd as on 18 November 2024 is ₹1181.55, which is 32.21% lower than the current market price of ₹1,743.00.

What is the Market Cap of GE T&D India Ltd?

The Market Cap of GE T&D India Ltd is 44,630 Cr..

What is the current Stock Price of GE T&D India Ltd as on 18 November 2024?

The current stock price of GE T&D India Ltd as on 18 November 2024 is ₹1,743.

What is the High / Low of GE T&D India Ltd stocks in FY 2024?

In FY 2024, the High / Low of GE T&D India Ltd stocks is 1,984/346.

What is the Stock P/E of GE T&D India Ltd?

The Stock P/E of GE T&D India Ltd is 155.

What is the Book Value of GE T&D India Ltd?

The Book Value of GE T&D India Ltd is 48.5.

What is the Dividend Yield of GE T&D India Ltd?

The Dividend Yield of GE T&D India Ltd is 0.11 %.

What is the ROCE of GE T&D India Ltd?

The ROCE of GE T&D India Ltd is 23.1 %.

What is the ROE of GE T&D India Ltd?

The ROE of GE T&D India Ltd is 15.7 %.

What is the Face Value of GE T&D India Ltd?

The Face Value of GE T&D India Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in GE T&D India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE