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Last Updated on: 26 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Gujarat Apollo Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 25, 2024, 11:48 pm

Market Cap 355 Cr.
Current Price 301
High / Low415/211
Stock P/E31.2
Book Value 411
Dividend Yield0.67 %
ROCE3.32 %
ROE2.53 %
Face Value 10.0
PEG Ratio-7.60

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

View Share Price Target for Gujarat Apollo Industries Ltd

Competitors of Gujarat Apollo Industries Ltd

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

All Competitor Stocks of Gujarat Apollo Industries Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales22.0718.947.444.9520.1123.1829.1913.9310.4818.2813.2117.1813.68
Expenses25.0624.069.1610.0119.1921.8130.1715.6811.0520.5313.4318.1413.30
Operating Profit-2.99-5.12-1.72-5.060.921.37-0.98-1.75-0.57-2.25-0.22-0.960.38
OPM %-13.55%-27.03%-23.12%-102.22%4.57%5.91%-3.36%-12.56%-5.44%-12.31%-1.67%-5.59%2.78%
Other Income8.393.876.4010.593.555.235.518.595.245.185.377.606.03
Interest0.770.861.230.380.310.560.490.680.620.590.660.520.55
Depreciation0.631.600.831.561.561.061.271.291.281.271.221.221.23
Profit before tax4.00-3.712.623.592.604.982.774.872.771.073.274.904.63
Tax %37.75%-2.16%37.79%7.24%71.92%49.40%45.49%29.16%5.42%-356.07%4.89%2.86%2.59%
Net Profit4.21-2.741.883.621.512.282.956.662.48-0.673.245.214.42
EPS in Rs3.32-2.161.593.071.281.932.505.642.10-0.572.754.423.75

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
Sales2652555881826868302655567259
Expenses2262227287908478373366597763
Operating Profit3933-14-7-9-16-9-7-7-11-4-5-4
OPM %15%13%-23%-8%-11%-24%-14%-22%-26%-20%-7%-7%-7%
Other Income81619624253945192799252423
Interest575111062112222
Depreciation5634333323555
Profit before tax373717423143181682141212
Tax %37%33%-1%152%-638%-6%23%14%18%46%41%-8%
Net Profit2325176-119313119144581210
EPS in Rs14.0615.08106.10-0.6613.9822.9124.8715.1210.7335.226.9310.578.70
Dividend Payout %18%66%2%-379%18%11%12%20%28%6%29%19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)8.70%604.00%-100.57%2000.00%63.16%0.00%-38.71%-26.32%221.43%-82.22%50.00%
Change in YoY Net Profit Growth (%)0.00%595.30%-704.57%2100.57%-1936.84%-63.16%-38.71%12.39%247.74%-303.65%132.22%

Gujarat Apollo Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:0%
5 Years:14%
3 Years:1%
TTM:-24%
Compounded Profit Growth
10 Years:-2%
5 Years:-11%
3 Years:29%
TTM:11%
Stock Price CAGR
10 Years:10%
5 Years:19%
3 Years:12%
1 Year:31%
Return on Equity
10 Years:3%
5 Years:2%
3 Years:2%
Last Year:3%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 3:40 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital171615141413131313121212
Reserves186350338413473457464481521512467471
Borrowings561091161173910171465182622
Other Liabilities99372022137101016281416
Total Liabilities357511490565539487504517614570519520
Fixed Assets8455505545434039115114108110
CWIP126000000154
Investments571841802862692032112191131166056
Other Assets215271254224225240253259385339345350
Total Assets357511490565539487504517614570519520

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +4281-3616-2-40-810-63-14-707
Cash from Investing Activity +-41-63351087921122092693
Cash from Financing Activity +57-9-35-79-49-6-1343-781-11
Net Cash Flow525-11-954-3-000-00

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow39.00-23.00-123.00-123.00-126.00-55.00-19.00-24.00-21.00-76.00-22.00-31.00

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 Days618842434939128637199136159
Inventory Days125271175174196157307372132389198200
Days Payable59109443658198871461134652
Cash Conversion Cycle127249172180188177347365158375288307
Working Capital Days1531,1608976558258712,0042,3801,1741,2861,5551,227
ROCE %16%5%3%2%1%3%3%4%2%3%2%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters56.33%56.34%56.34%55.70%55.70%55.70%55.70%55.70%54.86%54.79%54.64%51.99%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.09%0.01%0.03%
Government0.50%0.50%0.50%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public43.17%43.16%43.16%44.29%44.31%44.30%44.31%44.30%45.14%45.11%45.34%47.98%
No. of Shareholders7,0486,7536,6777,7647,4937,1597,0996,7877,13810,69810,25910,246

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.389.687.8735.9120.62
Diluted EPS (Rs.)9.389.687.8235.9120.62
Cash EPS (Rs.)13.6814.9011.1937.9512.70
Book Value[Excl.RevalReserv]/Share (Rs.)408.89405.67443.63421.15389.53
Book Value[Incl.RevalReserv]/Share (Rs.)408.89405.67443.63421.15389.53
Revenue From Operations / Share (Rs.)66.2162.6249.8861.8235.71
PBDIT / Share (Rs.)17.3416.0918.0269.1116.00
PBIT / Share (Rs.)13.2511.7613.7766.3914.03
PBT / Share (Rs.)11.529.7411.6764.7813.03
Net Profit / Share (Rs.)9.6010.576.9335.2310.73
NP After MI And SOA / Share (Rs.)9.389.687.8735.8620.62
PBDIT Margin (%)26.1825.6936.12111.7844.81
PBIT Margin (%)20.0118.7827.60107.3839.30
PBT Margin (%)17.4015.5623.38104.7736.48
Net Profit Margin (%)14.4916.8713.8956.9730.04
NP After MI And SOA Margin (%)14.1615.4515.7858.0057.73
Return on Networth / Equity (%)2.292.381.778.515.29
Return on Capital Employeed (%)3.212.853.0515.663.58
Return On Assets (%)2.132.201.637.395.04
Long Term Debt / Equity (X)0.010.010.000.000.00
Total Debt / Equity (X)0.040.050.030.120.02
Asset Turnover Ratio (%)0.150.130.060.100.10
Current Ratio (X)6.3910.396.413.8615.91
Quick Ratio (X)5.749.455.363.6214.99
Inventory Turnover Ratio (X)1.371.561.381.430.91
Dividend Payout Ratio (NP) (%)42.4741.1550.5913.9129.04
Dividend Payout Ratio (CP) (%)29.5928.4432.8412.9326.51
Earning Retention Ratio (%)57.5358.8549.4186.0970.96
Cash Earning Retention Ratio (%)70.4171.5667.1687.0773.49
Interest Coverage Ratio (X)10.017.978.5742.9315.93
Interest Coverage Ratio (Post Tax) (X)6.546.244.3022.8811.68
Enterprise Value (Cr.)270.79232.86238.84216.89136.69
EV / Net Operating Revenue (X)3.473.154.062.773.02
EV / EBITDA (X)13.2412.2711.232.486.75
MarketCap / Net Operating Revenue (X)3.233.074.143.243.36
Retention Ratios (%)57.5258.8449.4086.0870.95
Price / BV (X)0.520.470.460.470.30
Price / Net Operating Revenue (X)3.233.074.143.243.36
EarningsYield0.040.050.030.170.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Gujarat Apollo Industries Ltd as of November 26, 2024 is: 326.60

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 26, 2024, Gujarat Apollo Industries Ltd is Undervalued by 8.50% compared to the current share price 301.00

Intrinsic Value of Gujarat Apollo Industries Ltd as of November 26, 2024 is: 313.18

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 26, 2024, Gujarat Apollo Industries Ltd is Undervalued by 4.05% compared to the current share price 301.00

Last 5 Year EPS CAGR: -4.11%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (427.75 cr) compared to borrowings (50.75 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (90.38 cr) and profit (34.00 cr) over the years.
  1. The stock has a low average ROCE of 3.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 284.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 244.42, 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 Gujarat Apollo Industries Ltd:
    1. Net Profit Margin: 14.49%
      • 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: 3.21% (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%: 2.29% (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): 6.54
      • 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: 5.74
      • 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: 31.2 (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: 0.04
      • 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

Gujarat Apollo Industries Ltd. is a Public Limited Listed company incorporated on 07/10/1986 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L45202GJ1986PLC009042 and registration number is 009042. Currently Company is involved in the business activities of Manufacture of machinery for mining, quarrying and construction. Company’s Total Operating Revenue is Rs. 29.57 Cr. and Equity Capital is Rs. 11.80 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - HeavyBlock No. 486, 487, 488, Mouje Dholasan, Mehsana District Gujarat 382732cs@gapollo.net
www.apollo.co.in
Management
NamePosition Held
Mr. Asit A PatelManaging Director
Mr. Anand A PatelDirector
Mrs. Nayna A PatelDirector
Mr. Navinchandra V ShahIndependent Director
Mr. Naman PatelIndependent Director
Mrs. Jheel ShaIndependent Director

FAQ

What is the latest intrinsic value of Gujarat Apollo Industries Ltd?

The latest intrinsic value of Gujarat Apollo Industries Ltd as on 26 November 2024 is ₹326.60, which is 8.50% higher than the current market price of ₹301.00.

What is the Market Cap of Gujarat Apollo Industries Ltd?

The Market Cap of Gujarat Apollo Industries Ltd is 355 Cr..

What is the current Stock Price of Gujarat Apollo Industries Ltd as on 26 November 2024?

The current stock price of Gujarat Apollo Industries Ltd as on 26 November 2024 is 301.

What is the High / Low of Gujarat Apollo Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gujarat Apollo Industries Ltd stocks is 415/211.

What is the Stock P/E of Gujarat Apollo Industries Ltd?

The Stock P/E of Gujarat Apollo Industries Ltd is 31.2.

What is the Book Value of Gujarat Apollo Industries Ltd?

The Book Value of Gujarat Apollo Industries Ltd is 411.

What is the Dividend Yield of Gujarat Apollo Industries Ltd?

The Dividend Yield of Gujarat Apollo Industries Ltd is 0.67 %.

What is the ROCE of Gujarat Apollo Industries Ltd?

The ROCE of Gujarat Apollo Industries Ltd is 3.32 %.

What is the ROE of Gujarat Apollo Industries Ltd?

The ROE of Gujarat Apollo Industries Ltd is 2.53 %.

What is the Face Value of Gujarat Apollo Industries Ltd?

The Face Value of Gujarat Apollo Industries Ltd is 10.0.

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 Gujarat Apollo Industries 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