Fedders Holding Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 12:05 pm

Market Cap	1,317 Cr.
Current Price	77.0
High / Low	130/48.0
Stock P/E	16.3
Book Value	36.2
Dividend Yield	0.00 %
ROCE	21.1 %
ROE	22.5 %
Face Value	1.00
PEG Ratio	0.22

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Fedders Holding Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Mufin Green Finance Ltd	1,737 Cr.	106	274/90.4	89.8	16.0	0.00 %	10.6 %	8.27 %	1.00
Mukesh Babu Financial Services Ltd	108 Cr.	155	181/111	19.6	490	0.78 %	3.62 %	2.40 %	10.0
Nalin Lease Finance Ltd	43.9 Cr.	67.0	99.9/37.0	11.0	51.1	0.00 %	17.4 %	13.1 %	10.0
India Cements Capital Ltd	39.2 Cr.	18.1	26.4/13.5	44.0	8.43	0.00 %	3.50 %	8.87 %	10.0
Indergiri Finance Ltd	16.5 Cr.	32.6	71.3/26.8		8.26	0.00 %	7.67 %	14.0 %	10.0
Industry Average	18,734.97 Cr	648.28		38.17	563.11	0.17%	19.97%	10.57%	8.67

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	1	1	1	25	0	20	25	56	74	124	188	140	142
Expenses	0	0	0	16	0	18	27	52	73	113	149	136	124
Operating Profit	1	0	1	9	0	3	-2	4	1	11	39	3	18
OPM %	80%	52%	91%	37%	79%	12%	-8%	7%	1%	9%	21%	2%	13%
Other Income	0	0	0	62	0	5	4	8	7	25	5	12	4
Interest	0	0	0	0	0	0	0	0	1	1	1	2	1
Depreciation	0	0	0	1	0	1	1	0	0	1	1	1	1
Profit before tax	1	0	1	70	0	7	2	12	6	35	42	12	20
Tax %	25%	29%	20%	-2%	32%	0%	1%	-7%	11%	1%	1%	1%	0%
Net Profit	1	0	0	72	0	7	2	12	5	34	42	12	20
EPS in Rs	0.15	0.10	0.12	20.54	0.04	2.05	0.51	3.54	0.64	3.48	4.23	1.23	1.69

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: November 22, 2024, 2:19 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	9	4	5	9	10	8	7	6	5	96	132	542	554
Expenses	3	4	3	4	6	4	3	4	2	78	112	471	497
Operating Profit	6	0	1	6	4	4	4	2	3	18	20	71	57
OPM %	70%	3%	25%	60%	43%	54%	62%	37%	57%	19%	15%	13%	10%
Other Income	1	0	0	0	1	1	0	0	0	743	2	31	34
Interest	0	0	0	3	4	4	2	1	0	2	0	4	6
Depreciation	0	0	0	0	0	0	0	0	0	10	2	2	3
Profit before tax	7	0	1	3	1	1	2	2	3	748	20	95	82
Tax %	34%	37%	28%	21%	33%	45%	29%	28%	39%	-0%	-4%	2%
Net Profit	5	0	1	2	1	1	2	1	2	750	21	94	81
EPS in Rs	1.31	0.03	0.22	0.57	0.25	0.21	0.45	0.31	0.49	16.37	5.92	9.46	7.55
Dividend Payout %	8%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-100.00%	100.00%	-50.00%	0.00%	100.00%	-50.00%	100.00%	37400.00%	-97.20%	347.62%
Change in YoY Net Profit Growth (%)	0.00%	200.00%	-150.00%	50.00%	100.00%	-150.00%	150.00%	37300.00%	-37497.20%	444.82%

Fedders Holding Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	62%
5 Years:	140%
3 Years:	364%
TTM:	99%

Compounded Profit Growth
10 Years:	90%
5 Years:	116%
3 Years:	250%
TTM:	51%

Stock Price CAGR
10 Years:	34%
5 Years:	108%
3 Years:	81%
1 Year:	31%

Return on Equity
10 Years:	10%
5 Years:	13%
3 Years:	15%
Last Year:	22%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 1:28 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	4	4	4	4	4	4	4	4	4	4	8	12	21
Reserves	49	49	49	51	54	54	56	57	59	144	229	401	598
Borrowings	0	0	7	40	41	23	13	4	4	5	34	58	64
Other Liabilities	9	0	0	5	6	5	5	12	4	22	26	28	44
Total Liabilities	61	52	61	100	104	86	78	77	71	174	297	499	726
Fixed Assets	0	0	0	0	0	0	0	1	0	67	65	94	105
CWIP	0	0	0	0	0	0	0	0	0	0	2	3	0
Investments	40	14	15	0	2	2	2	1	1	2	4	11	25
Other Assets	21	39	46	100	102	84	76	76	70	106	225	391	597
Total Assets	61	52	61	100	104	86	78	77	71	174	297	499	726

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	9	-27	-2	-43	-2	-3	-4	6	-11	-64	-18	-109
Cash from Investing Activity +	-11	28	-1	20	-5	13	16	-10	44	34	-82	9
Cash from Financing Activity +	-0	-0	7	32	-3	-10	-12	6	-22	9	98	101
Net Cash Flow	-2	0	4	10	-11	0	0	2	10	-21	-3	-0

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	6.00	0.00	-6.00	-34.00	-37.00	-19.00	-9.00	-2.00	-1.00	13.00	-14.00	13.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	0	0	0	0	0	30	23	42	94	149	178	96
Inventory Days		33	0							89	29	18
Days Payable		0								54	38	3
Cash Conversion Cycle	0	33	0	0	0	30	23	42	94	184	169	111
Working Capital Days	481	3,249	267	107	2,035	2,091	2,600	1,312	3,079	279	306	201
ROCE %	14%	0%	2%	7%	6%	6%	6%	3%	5%	27%	9%	21%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	57.28%	57.28%	57.28%	57.28%	58.41%	58.41%	60.07%	62.69%	63.07%	63.07%	64.13%	65.91%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%	0.06%
Public	42.72%	42.72%	42.72%	42.71%	41.58%	41.58%	39.92%	37.29%	36.93%	36.93%	35.76%	34.04%
No. of Shareholders	1,278	1,378	1,390	1,442	1,438	1,490	1,505	1,605	1,701	2,674	2,619	6,829

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	102.26	59.17	2.76	4.85	3.09
Diluted EPS (Rs.)	102.26	59.17	2.76	4.85	3.09
Cash EPS (Rs.)	77.40	65.08	3.42	7.22	3.27
Book Value[Excl.RevalReserv]/Share (Rs.)	334.51	665.37	181.65	178.89	174.01
Book Value[Incl.RevalReserv]/Share (Rs.)	334.51	665.37	181.65	178.89	174.01
Revenue From Operations / Share (Rs.)	423.00	329.51	7.03	12.06	17.18
PBDIT / Share (Rs.)	80.84	64.19	5.85	11.07	6.56
PBIT / Share (Rs.)	78.92	58.28	5.16	10.79	6.35
PBT / Share (Rs.)	76.71	57.13	3.85	9.97	4.31
Net Profit / Share (Rs.)	75.47	59.17	2.73	6.94	3.06
NP After MI And SOA / Share (Rs.)	75.44	59.17	2.76	4.85	3.09
PBDIT Margin (%)	19.11	19.47	83.27	91.76	38.16
PBIT Margin (%)	18.65	17.68	73.44	89.47	36.98
PBT Margin (%)	18.13	17.33	54.84	82.65	25.07
Net Profit Margin (%)	17.84	17.95	38.84	57.54	17.83
NP After MI And SOA Margin (%)	17.83	17.95	39.23	40.18	17.95
Return on Networth / Equity (%)	22.68	8.89	1.51	2.70	1.77
Return on Capital Employeed (%)	22.93	8.23	2.81	5.98	3.59
Return On Assets (%)	18.78	6.98	1.38	2.37	1.40
Total Debt / Equity (X)	0.13	0.14	0.03	0.06	0.06
Asset Turnover Ratio (%)	1.32	0.62	0.03	0.05	0.07
Current Ratio (X)	5.30	2.74	5.20	7.62	2.45
Quick Ratio (X)	5.02	2.59	5.20	7.62	2.45
Inventory Turnover Ratio (X)	31.31	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	23.80	55.63	4.48	13.45	3.21
Interest Coverage Ratio (Post Tax) (X)	22.86	52.29	3.09	9.43	2.50
Enterprise Value (Cr.)	816.36	164.01	4.59	10.57	8.46
EV / Net Operating Revenue (X)	1.55	1.42	1.86	2.50	1.41
EV / EBITDA (X)	8.13	7.30	2.24	2.73	3.68
MarketCap / Net Operating Revenue (X)	1.57	1.17	11.45	4.59	1.22
Price / BV (X)	2.00	0.57	0.44	0.30	0.12
Price / Net Operating Revenue (X)	1.57	1.17	11.45	4.59	1.22
EarningsYield	0.11	0.15	0.03	0.08	0.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Fedders Holding Ltd as of December 26, 2024 is: 135.42

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 December 26, 2024, Fedders Holding Ltd is Undervalued by 75.87% compared to the current share price 77.00

Intrinsic Value of Fedders Holding Ltd as of December 26, 2024 is: 234.01

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 December 26, 2024, Fedders Holding Ltd is Undervalued by 203.91% compared to the current share price 77.00

Last 5 Year EPS CAGR: 72.80%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (142.31 cr) compared to borrowings (22.54 cr), indicating strong financial stability. The company has shown consistent growth in sales (106.69 cr) and profit (74.23 cr) over the years.	The stock has a low average ROCE of 8.83%, which may not be favorable. The stock has a high average Working Capital Days of 137.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 57.17, 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 Fedders Holding Ltd:
1. Net Profit Margin: 17.84%
  - 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: 22.93% (Industry Average ROCE: 19.97%)
  - 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%: 22.68% (Industry Average ROE: 10.57%)
  - 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): 22.86
  - 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: 5.02
  - 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: 16.3 (Industry average Stock P/E: 38.17)
  - 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: 0.13
  - 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

IM+ Capitals Ltd. is a Public Limited Listed company incorporated on 22/10/1991 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74140DL1991PLC340407 and registration number is 340407. Currently Company is involved in the business activities of Activities auxiliary to financial service activities. Company’s Total Operating Revenue is Rs. 1.74 Cr. and Equity Capital is Rs. 3.50 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Non-Banking Financial Company (NBFC)	C-15, RDC, Raj Nagar, Ghaziabad Delhi 201001	imcapitalscompliances@gmail.com http://www.imcapitals.com

Management
Name	Position Held
Mr. Vishal Singhal	Chairman & Wholetime Director
Mr. Akshay Parmar	Director
Ms. Rahul Chaudhary	Director
Ms. Tanya Singhal	Director

FAQ

What is the latest intrinsic value of Fedders Holding Ltd?

The latest intrinsic value of Fedders Holding Ltd as on 26 December 2024 is ₹135.42, which is 75.87% higher than the current market price of ₹77.00. The stock has a market capitalization of 1,317 Cr. and recorded a high/low of 130/48.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹598 Cr and total liabilities of ₹726 Cr.

What is the Market Cap of Fedders Holding Ltd?

The Market Cap of Fedders Holding Ltd is 1,317 Cr..

What is the current Stock Price of Fedders Holding Ltd as on 26 December 2024?

The current stock price of Fedders Holding Ltd as on 26 December 2024 is 77.0.

What is the High / Low of Fedders Holding Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Fedders Holding Ltd stocks is 130/48.0.

What is the Stock P/E of Fedders Holding Ltd?

The Stock P/E of Fedders Holding Ltd is 16.3.

What is the Book Value of Fedders Holding Ltd?

The Book Value of Fedders Holding Ltd is 36.2.

What is the Dividend Yield of Fedders Holding Ltd?

The Dividend Yield of Fedders Holding Ltd is 0.00 %.

What is the ROCE of Fedders Holding Ltd?

The ROCE of Fedders Holding Ltd is 21.1 %.

What is the ROE of Fedders Holding Ltd?

The ROE of Fedders Holding Ltd is 22.5 %.

What is the Face Value of Fedders Holding Ltd?

The Face Value of Fedders Holding Ltd is 1.00.