Ahlada Engineers Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 26, 2024, 10:44 pm

Market Cap	120 Cr.
Current Price	92.9
High / Low	167/82.6
Stock P/E	10.3
Book Value	107
Dividend Yield	3.23 %
ROCE	14.6 %
ROE	10.4 %
Face Value	10.0
PEG Ratio	1.63

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ahlada Engineers Ltd

Competitors of Ahlada Engineers Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Marvel Decor Ltd	213 Cr.	120	143/69.4	51.8	34.4	0.00 %	8.16 %	5.88 %	10.0
Ahlada Engineers Ltd	120 Cr.	92.9	167/82.6	10.3	107	3.23 %	14.6 %	10.4 %	10.0
Industry Average	166.50 Cr	106.45		31.05	70.70	1.62%	11.38%	8.14%	10.00

All Competitor Stocks of Ahlada Engineers Ltd

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	52.37	28.68	37.61	33.49	37.66	43.29	27.78	49.54	38.18	71.78	39.82	109.74	41.45
Expenses	42.20	23.26	31.68	28.30	32.59	37.83	23.08	39.48	32.28	63.47	31.59	95.77	34.87
Operating Profit	10.17	5.42	5.93	5.19	5.07	5.46	4.70	10.06	5.90	8.31	8.23	13.97	6.58
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 Income	0.01	0.05	0.07	0.05	0.02	0.06	0.06	0.07	0.09	0.09	0.10	0.08	0.06
Interest	1.65	1.03	0.90	0.94	0.87	1.01	0.95	0.91	0.93	1.30	1.24	1.25	1.35
Depreciation	3.65	3.68	3.72	3.63	3.20	3.25	3.26	3.31	2.88	2.96	3.09	3.08	2.64
Profit before tax	4.88	0.76	1.38	0.67	1.02	1.26	0.55	5.91	2.18	4.14	4.00	9.72	2.65
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 Profit	3.38	0.60	0.81	0.40	0.67	0.83	0.47	3.14	1.70	2.74	2.66	6.56	1.87
EPS in Rs	2.62	0.46	0.63	0.31	0.52	0.64	0.36	2.43	1.32	2.12	2.06	5.08	1.45

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

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

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	40	43	50	111	118	126	207	110	159	152	158	260	263
Expenses	36	41	44	101	106	105	173	85	129	125	133	223	226
Operating Profit	4	2	5	10	12	21	34	25	30	27	25	36	37
OPM %	9%	4%	11%	9%	10%	16%	16%	23%	19%	18%	16%	14%	14%
Other Income	1	1	2	0	0	0	0	0	0	0	0	0	0
Interest	0	0	3	4	4	5	9	5	4	5	4	5	5
Depreciation	1	1	2	2	3	4	7	10	11	15	13	12	12
Profit before tax	3	2	4	5	5	12	18	10	14	8	9	20	21
Tax %	31%	38%	38%	37%	38%	34%	37%	25%	29%	33%	42%	32%
Net Profit	2	1	2	3	3	8	11	8	10	5	5	14	14
EPS in Rs	5.53	2.92	5.55	6.99	7.47	9.22	8.80	5.97	7.89	4.01	3.94	10.56	10.71
Dividend Payout %	0%	0%	0%	0%	0%	0%	11%	0%	18%	35%	36%	15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2011-2012	2012-2013	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
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:	17%
3 Years:	-11%
1 Year:	-24%

Return on Equity
10 Years:	%
5 Years:	7%
3 Years:	6%
Last Year:	10%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 4:04 pm

Month	Mar 2011	Mar 2012	Mar 2013	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	9	13	13	13	13	13	13	13
Reserves	5	6	9	21	24	28	96	97	106	109	113	125	125
Borrowings	11	13	18	24	34	59	53	35	60	31	32	43	40
Other Liabilities	8	9	12	34	35	50	46	25	54	31	40	48	60
Total Liabilities	28	32	43	84	98	146	208	171	233	184	198	229	238
Fixed Assets	9	10	11	14	23	29	71	84	108	94	86	77	72
CWIP	0	0	0	2	1	25	7	24	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	18	22	32	68	75	92	129	63	125	90	112	152	166
Total Assets	28	32	43	84	98	146	208	171	233	184	198	229	238

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	1	3	-1	5	5	23	-14	60	-2	37	8	-0
Cash from Investing Activity +	-1	-2	-2	-4	-1	-34	-36	-40	-17	-1	-4	-4
Cash from Financing Activity +	0	-0	3	-1	-4	12	49	-21	19	-35	-4	4
Net Cash Flow	0	0	0	-0	-0	1	-1	-1	0	-0	-0	0

Free Cash Flow

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 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

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	71	69	93	98	79	103	146	101	121	84	152	171
Inventory Days	127	156	169	150	163	198	67	163	138	165	128	30
Days Payable	58	67	97	138	124	123	50	111	164	82	82	48
Cash Conversion Cycle	140	159	164	110	118	178	163	153	94	167	199	153
Working Capital Days	92	99	140	121	108	83	128	118	161	151	172	142
ROCE %		8%	23%		17%	22%	21%	10%	11%	7%	8%	15%

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	50.36%	50.36%	50.38%	50.52%	50.50%	50.50%	50.50%	50.50%	50.50%	50.50%	49.30%	49.30%
FIIs	0.00%	0.00%	0.00%	7.10%	7.10%	7.10%	6.20%	6.20%	0.02%	0.00%	0.02%	0.00%
DIIs	8.11%	8.11%	8.11%	1.01%	1.01%	1.01%	0.85%	0.85%	0.00%	0.00%	0.07%	0.00%
Public	41.54%	41.53%	41.53%	41.38%	41.40%	41.40%	42.45%	42.45%	49.48%	49.50%	50.61%	50.70%
No. of Shareholders	5,634	5,592	5,983	5,774	5,598	5,483	5,365	5,265	6,889	10,868	12,629	12,886

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE 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.)	10.56	3.94	4.01	7.95	5.00
Diluted EPS (Rs.)	10.56	3.94	4.01	7.95	5.00
Cash EPS (Rs.)	19.85	14.02	15.37	16.74	12.62
Book Value[Excl.RevalReserv]/Share (Rs.)	106.42	97.26	94.71	92.10	88.22
Book Value[Incl.RevalReserv]/Share (Rs.)	106.42	97.26	94.71	92.10	88.22
Dividend / Share (Rs.)	1.60	1.40	1.40	1.40	1.20
Revenue From Operations / Share (Rs.)	200.85	122.49	117.75	123.09	85.49
PBDIT / Share (Rs.)	28.47	19.73	20.81	23.02	18.58
PBIT / Share (Rs.)	19.18	9.65	9.45	14.16	10.96
PBT / Share (Rs.)	15.52	6.76	5.95	11.13	6.95
Net Profit / Share (Rs.)	10.56	3.94	4.01	7.88	5.00
PBDIT Margin (%)	14.17	16.10	17.67	18.69	21.73
PBIT Margin (%)	9.54	7.88	8.02	11.50	12.82
PBT Margin (%)	7.72	5.51	5.05	9.04	8.12
Net Profit Margin (%)	5.25	3.21	3.40	6.40	5.84
Return on Networth / Equity (%)	9.92	4.05	4.23	8.56	5.66
Return on Capital Employeed (%)	16.93	9.25	9.06	13.42	10.88
Return On Assets (%)	5.96	2.57	2.81	4.38	3.70
Long Term Debt / Equity (X)	0.01	0.01	0.03	0.08	0.09
Total Debt / Equity (X)	0.31	0.25	0.25	0.45	0.25
Asset Turnover Ratio (%)	1.22	0.82	0.73	0.78	0.57
Current Ratio (X)	1.75	1.72	1.74	1.29	1.44
Quick Ratio (X)	1.56	1.19	0.99	0.93	0.90
Inventory Turnover Ratio (X)	7.56	2.43	2.27	3.34	2.14
Dividend Payout Ratio (NP) (%)	13.25	35.50	34.90	15.21	0.00
Dividend Payout Ratio (CP) (%)	7.05	9.98	9.10	7.16	0.00
Earning Retention Ratio (%)	86.75	64.50	65.10	84.79	0.00
Cash Earning Retention Ratio (%)	92.95	90.02	90.90	92.84	0.00
Interest Coverage Ratio (X)	7.79	6.82	5.95	7.60	4.63
Interest Coverage Ratio (Post Tax) (X)	3.89	2.36	2.15	3.60	2.25
Enterprise Value (Cr.)	181.86	140.30	160.39	165.79	86.92
EV / Net Operating Revenue (X)	0.70	0.88	1.05	1.04	0.78
EV / EBITDA (X)	4.94	5.50	5.97	5.57	3.62
MarketCap / Net Operating Revenue (X)	0.54	0.69	0.85	0.74	0.53
Retention Ratios (%)	86.74	64.49	65.09	84.78	0.00
Price / BV (X)	1.03	0.87	1.06	0.99	0.51
Price / Net Operating Revenue (X)	0.54	0.69	0.85	0.74	0.53
EarningsYield	0.09	0.04	0.03	0.08	0.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ahlada Engineers Ltd as of December 26, 2024 is: 118.32

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, Ahlada Engineers Ltd is Undervalued by 27.36% compared to the current share price 92.90

Intrinsic Value of Ahlada Engineers Ltd as of December 26, 2024 is: 125.78

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, Ahlada Engineers Ltd is Undervalued by 35.39% compared to the current share price 92.90

Last 5 Year EPS CAGR: 6.30%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (66.46 cr) compared to borrowings (34.85 cr), indicating strong financial stability. The company has shown consistent growth in sales (138.23 cr) and profit (10.08 cr) over the years.	The stock has a low average ROCE of 11.83%, which may not be favorable. The stock has a high average Working Capital Days of 126.25, which may not be favorable. 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: 1.56
  - 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: 10.3 (Industry average Stock P/E: 31.05)
  - 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.

INDUSTRY	ADDRESS	CONTACT
Furniture, Furnishing & Flooring	Door No 4-56, Survey No. 62/1/A & 67, Hyderabad Telangana 500043	kodanda.cs@ahlada.com http://www.ahlada.com

Management
Name	Position Held
Dr. K I Varaprasad Reddy	Non Executive Chairman
Mr. Chedepudi Suresh Mohan Reddy	Managing Director
Ms. Chedepudi Ahlada	WholeTime Director & CFO
Mr. Akarsh Reddy Chedepudi	Whole Time Director
Mr. P Sridhar	Independent Director
Mr. Vikram Ravindra Mamidipudi	Independent Director
Ms. P Subbarathnamma	Independent Director

FAQ

What is the latest intrinsic value of Ahlada Engineers Ltd?

The latest intrinsic value of Ahlada Engineers Ltd as on 26 December 2024 is ₹118.32, which is 27.36% higher than the current market price of ₹92.90. The stock has a market capitalization of 120 Cr. and recorded a high/low of 167/82.6 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹125 Cr and total liabilities of ₹238 Cr.

What is the Market Cap of Ahlada Engineers Ltd?

The Market Cap of Ahlada Engineers Ltd is 120 Cr..

What is the current Stock Price of Ahlada Engineers Ltd as on 26 December 2024?

The current stock price of Ahlada Engineers Ltd as on 26 December 2024 is 92.9.

What is the High / Low of Ahlada Engineers Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Ahlada Engineers Ltd stocks is 167/82.6.

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

The Stock P/E of Ahlada Engineers Ltd is 10.3.

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 3.23 %.

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.