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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: | NSE:

Ahlada Engineers Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 11:39 pm

Market Cap 108 Cr.
Current Price 84.0
High / Low167/83.5
Stock P/E9.34
Book Value 107
Dividend Yield3.57 %
ROCE14.6 %
ROE10.4 %
Face Value 10.0
PEG Ratio1.48

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

View Share Price Target for Ahlada Engineers Ltd

Competitors of Ahlada Engineers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Marvel Decor Ltd 186 Cr. 105130/60.045.3 34.40.00 %8.16 %5.88 % 10.0
Ahlada Engineers Ltd 108 Cr. 84.0167/83.59.34 1073.57 %14.6 %10.4 % 10.0
Industry Average147.00 Cr94.5027.3270.701.79%11.38%8.14%10.00

All Competitor Stocks of Ahlada Engineers Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales52.3728.6837.6133.4937.6643.2927.7849.5438.1871.7839.82109.7441.45
Expenses42.2023.2631.6828.3032.5937.8323.0839.4832.2863.4731.5995.7734.87
Operating Profit10.175.425.935.195.075.464.7010.065.908.318.2313.976.58
OPM %19.42%18.90%15.77%15.50%13.46%12.61%16.92%20.31%15.45%11.58%20.67%12.73%15.87%
Other Income0.010.050.070.050.020.060.060.070.090.090.100.080.06
Interest1.651.030.900.940.871.010.950.910.931.301.241.251.35
Depreciation3.653.683.723.633.203.253.263.312.882.963.093.082.64
Profit before tax4.880.761.380.671.021.260.555.912.184.144.009.722.65
Tax %30.74%21.05%41.30%40.30%34.31%34.13%14.55%47.04%22.48%33.82%34.00%32.61%29.43%
Net Profit3.380.600.810.400.670.830.473.141.702.742.666.561.87
EPS in Rs2.620.460.630.310.520.640.362.431.322.122.065.081.45

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 28, 2024, 10:54 am

MonthMar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales404350111118126207110159152158260263
Expenses36414410110610517385129125133223226
Operating Profit42510122134253027253637
OPM %9%4%11%9%10%16%16%23%19%18%16%14%14%
Other Income1120000000000
Interest0034459545455
Depreciation1122347101115131212
Profit before tax3245512181014892021
Tax %31%38%38%37%38%34%37%25%29%33%42%32%
Net Profit21233811810551414
EPS in Rs5.532.925.556.997.479.228.805.977.894.013.9410.5610.71
Dividend Payout %0%0%0%0%0%0%11%0%18%35%36%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2011-20122012-20132016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-50.00%100.00%0.00%166.67%37.50%-27.27%25.00%-50.00%0.00%180.00%
Change in YoY Net Profit Growth (%)0.00%150.00%-100.00%166.67%-129.17%-64.77%52.27%-75.00%50.00%180.00%

Ahlada Engineers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2011-2012 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:18%
TTM:16%
Compounded Profit Growth
10 Years:%
5 Years:4%
3 Years:10%
TTM:44%
Stock Price CAGR
10 Years:%
5 Years:10%
3 Years:-18%
1 Year:-29%
Return on Equity
10 Years:%
5 Years:7%
3 Years:6%
Last Year:10%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital444449131313131313
Reserves5692124289697106109113125
Borrowings111318243459533560313243
Other Liabilities8912343550462554314048
Total Liabilities2832438498146208171233184198229
Fixed Assets910111423297184108948677
CWIP00021257240000
Investments000000000000
Other Assets1822326875921296312590112152
Total Assets2832438498146208171233184198229

Reserves and Borrowings Chart

Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +13-15523-1460-2378-0
Cash from Investing Activity +-1-2-2-4-1-34-36-40-17-1-4-4
Cash from Financing Activity +0-03-1-41249-2119-35-44
Net Cash Flow000-0-01-1-10-0-00

Free Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-7.00-11.00-13.00-14.00-22.00-38.00-19.00-10.00-30.00-4.00-7.00-7.00

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 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days716993987910314610112184152171
Inventory Days1271561691501631986716313816512830
Days Payable58679713812412350111164828248
Cash Conversion Cycle14015916411011817816315394167199153
Working Capital Days929914012110883128118161151172142
ROCE %8%23%17%22%21%10%11%7%8%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters50.36%50.36%50.38%50.52%50.50%50.50%50.50%50.50%50.50%50.50%49.30%49.30%
FIIs0.00%0.00%0.00%7.10%7.10%7.10%6.20%6.20%0.02%0.00%0.02%0.00%
DIIs8.11%8.11%8.11%1.01%1.01%1.01%0.85%0.85%0.00%0.00%0.07%0.00%
Public41.54%41.53%41.53%41.38%41.40%41.40%42.45%42.45%49.48%49.50%50.61%50.70%
No. of Shareholders5,6345,5925,9835,7745,5985,4835,3655,2656,88910,86812,62912,886

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.)10.563.944.017.955.00
Diluted EPS (Rs.)10.563.944.017.955.00
Cash EPS (Rs.)19.8514.0215.3716.7412.62
Book Value[Excl.RevalReserv]/Share (Rs.)106.4297.2694.7192.1088.22
Book Value[Incl.RevalReserv]/Share (Rs.)106.4297.2694.7192.1088.22
Dividend / Share (Rs.)0.001.401.401.401.20
Revenue From Operations / Share (Rs.)200.85122.49117.75123.0985.49
PBDIT / Share (Rs.)28.4719.7320.8123.0218.58
PBIT / Share (Rs.)19.189.659.4514.1610.96
PBT / Share (Rs.)15.526.765.9511.136.95
Net Profit / Share (Rs.)10.563.944.017.885.00
PBDIT Margin (%)14.1716.1017.6718.6921.73
PBIT Margin (%)9.547.888.0211.5012.82
PBT Margin (%)7.725.515.059.048.12
Net Profit Margin (%)5.253.213.406.405.84
Return on Networth / Equity (%)9.924.054.238.565.66
Return on Capital Employeed (%)16.939.259.0613.4210.88
Return On Assets (%)5.962.572.814.383.70
Long Term Debt / Equity (X)0.010.010.030.080.09
Total Debt / Equity (X)0.310.250.250.450.25
Asset Turnover Ratio (%)1.220.820.730.780.57
Current Ratio (X)1.771.721.741.291.44
Quick Ratio (X)1.581.190.990.930.90
Inventory Turnover Ratio (X)7.562.432.273.342.14
Dividend Payout Ratio (NP) (%)0.0035.5034.9015.210.00
Dividend Payout Ratio (CP) (%)0.009.989.107.160.00
Earning Retention Ratio (%)0.0064.5065.1084.790.00
Cash Earning Retention Ratio (%)0.0090.0290.9092.840.00
Interest Coverage Ratio (X)7.796.825.957.604.63
Interest Coverage Ratio (Post Tax) (X)3.892.362.153.602.25
Enterprise Value (Cr.)180.31140.30160.39165.7986.92
EV / Net Operating Revenue (X)0.690.881.051.040.78
EV / EBITDA (X)4.905.505.975.573.62
MarketCap / Net Operating Revenue (X)0.540.690.850.740.53
Retention Ratios (%)0.0064.4965.0984.780.00
Price / BV (X)1.030.871.060.990.51
Price / Net Operating Revenue (X)0.540.690.850.740.53
EarningsYield0.090.040.030.080.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ahlada Engineers Ltd as of November 24, 2024 is: 107.65

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 24, 2024, Ahlada Engineers Ltd is Undervalued by 28.15% compared to the current share price 84.00

Intrinsic Value of Ahlada Engineers Ltd as of November 24, 2024 is: 114.43

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 24, 2024, Ahlada Engineers Ltd is Undervalued by 36.23% compared to the current share price 84.00

Last 5 Year EPS CAGR: 6.30%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (61.58 cr) compared to borrowings (34.42 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (138.23 cr) and profit (10.08 cr) over the years.
  1. The stock has a low average ROCE of 11.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 126.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 149.83, 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 Ahlada Engineers Ltd:
    1. Net Profit Margin: 5.25%
      • 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: 16.93% (Industry Average ROCE: 11.38%)
      • 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%: 9.92% (Industry Average ROE: 8.14%)
      • 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): 3.89
      • 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: 1.58
      • 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: 9.34 (Industry average Stock P/E: 27.32)
      • 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: 0.31
      • 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

Ahlada Engineers Ltd. is a Public Limited Listed company incorporated on 10/08/2005 and has its registered office in the State of Telangana, India. Company’s Corporate Identification Number(CIN) is L24239TG2005PLC047102 and registration number is 047102. Currently company belongs to the Industry of Engineering - General. Company’s Total Operating Revenue is Rs. 152.14 Cr. and Equity Capital is Rs. 12.92 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Furniture, Furnishing & FlooringDoor No 4-56, Survey No. 62/1/A & 67, Hyderabad Telangana 500043kodanda.cs@ahlada.com
http://www.ahlada.com
Management
NamePosition Held
Dr. K I Varaprasad ReddyNon Executive Chairman
Mr. Chedepudi Suresh Mohan ReddyManaging Director
Ms. Chedepudi AhladaWholeTime Director & CFO
Mr. Akarsh Reddy ChedepudiWhole Time Director
Mr. P SridharIndependent Director
Mr. Vikram Ravindra MamidipudiIndependent Director
Ms. P SubbarathnammaIndependent Director

FAQ

What is the latest intrinsic value of Ahlada Engineers Ltd?

The latest intrinsic value of Ahlada Engineers Ltd as on 23 November 2024 is ₹107.65, which is 28.15% higher than the current market price of ₹84.00.

What is the Market Cap of Ahlada Engineers Ltd?

The Market Cap of Ahlada Engineers Ltd is 108 Cr..

What is the current Stock Price of Ahlada Engineers Ltd as on 23 November 2024?

The current stock price of Ahlada Engineers Ltd as on 23 November 2024 is 84.0.

What is the High / Low of Ahlada Engineers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Ahlada Engineers Ltd stocks is 167/83.5.

What is the Stock P/E of Ahlada Engineers Ltd?

The Stock P/E of Ahlada Engineers Ltd is 9.34.

What is the Book Value of Ahlada Engineers Ltd?

The Book Value of Ahlada Engineers Ltd is 107.

What is the Dividend Yield of Ahlada Engineers Ltd?

The Dividend Yield of Ahlada Engineers Ltd is 3.57 %.

What is the ROCE of Ahlada Engineers Ltd?

The ROCE of Ahlada Engineers Ltd is 14.6 %.

What is the ROE of Ahlada Engineers Ltd?

The ROE of Ahlada Engineers Ltd is 10.4 %.

What is the Face Value of Ahlada Engineers Ltd?

The Face Value of Ahlada Engineers 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 Ahlada Engineers 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