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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

ARSS Infrastructure Projects Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 20, 2024, 11:19 pm

Market Cap 41.9 Cr.
Current Price 18.4
High / Low26.8/16.0
Stock P/E
Book Value 67.4
Dividend Yield0.00 %
ROCE2.32 %
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for ARSS Infrastructure Projects Ltd

Competitors of ARSS Infrastructure Projects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 24.0 Cr. 48.067.2/15.07.42 70.70.00 %%% 10.0
HB Estate Developers Ltd 172 Cr. 88.3125/41.023.1 80.10.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 1,101 Cr. 55.963.9/13.613.1 19.50.54 %%% 1.00
Gyan Developers & Builders Ltd 6.92 Cr. 23.033.8/6.74 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 56.2 Cr. 118163/87.4 96.90.00 %1.27 %9.45 % 1.00
Industry Average17,891.15 Cr272.6332.13129.970.16%24.93%17.75%22.76

All Competitor Stocks of ARSS Infrastructure Projects Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales59.4553.7852.49123.1071.7966.09107.37157.2872.6368.1675.40104.6786.78
Expenses81.2972.7754.18203.1973.5669.69109.16158.7189.6167.71103.85106.6486.26
Operating Profit-21.84-18.99-1.69-80.09-1.77-3.60-1.79-1.43-16.980.45-28.45-1.970.52
OPM %-36.74%-35.31%-3.22%-65.06%-2.47%-5.45%-1.67%-0.91%-23.38%0.66%-37.73%-1.88%0.60%
Other Income2.334.905.034.562.198.012.654.691.472.367.283.311.12
Interest0.200.650.080.870.120.240.060.110.000.000.000.000.45
Depreciation0.110.120.120.390.200.200.220.230.240.240.240.240.24
Profit before tax-19.82-14.863.14-76.790.103.970.582.92-15.752.57-21.411.100.95
Tax %3.23%4.58%13.38%0.92%530.00%13.35%96.55%18.49%2.92%18.68%2.15%42.73%40.00%
Net Profit-20.46-15.542.73-77.51-0.433.440.022.38-16.202.09-21.870.640.57
EPS in Rs-9.00-6.831.20-34.09-0.191.510.011.05-7.120.92-9.620.280.25

Last Updated: September 11, 2024, 2:49 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 11, 2024, 2:49 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales761883639613837584459289248289403321335
Expenses6606824384271,071522449318318411411367364
Operating Profit100200201186-2346210-29-69-122-8-46-29
OPM %13%23%31%30%-28%11%2%-10%-28%-42%-2%-14%-9%
Other Income9-182112-7625653216181414
Interest134163167165814129522110
Depreciation3635373633242221111111
Profit before tax-60156-336-79-1710-51-1088-33-17
Tax %8%-16%-13%19%-1%-30%-33%19%4%2%29%6%
Net Profit-65265-332-55-118-53-1115-35-19
EPS in Rs-43.511.134.193.38-223.41-24.09-4.933.51-23.16-48.722.38-15.55-8.17
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)103.08%200.00%-16.67%-6740.00%83.43%80.00%172.73%-762.50%-109.43%104.50%-800.00%
Change in YoY Net Profit Growth (%)0.00%96.92%-216.67%-6723.33%6823.43%-3.43%92.73%-935.23%653.07%213.94%-904.50%

ARSS Infrastructure Projects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:-10%
5 Years:-7%
3 Years:9%
TTM:-26%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:14%
TTM:-72%
Stock Price CAGR
10 Years:-8%
5 Years:-5%
3 Years:-14%
1 Year:-28%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: September 11, 2024, 2:49 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital151515151523232323232323
Reserves3393413473522219816-36-147-142-177
Borrowings1,3941,6031,7121,8791,7031,6811,6901,6451,6281,6271,6251,631
Other Liabilities3122962211581058511486799393132
Total Liabilities2,0602,2552,2952,4041,8451,8091,8351,7711,6941,5961,6001,609
Fixed Assets39133627726620787634132353736
CWIP000000000000
Investments434446394242455633323232
Other Assets1,6261,8741,9722,0991,5971,6801,7261,6731,6291,5281,5311,541
Total Assets2,0602,2552,2952,4041,8451,8091,8351,7711,6941,5961,6001,609

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +117128133188-15021692-37-8-2828
Cash from Investing Activity +-01729-1826157-1219-4-3-1
Cash from Financing Activity +-119-163-167-16512212-686-8-2000
Net Cash Flow-2-18-55-24913-588-6426

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow99.00199.00200.00185.00-235.0061.009.00-30.00-70.00-123.00-9.00-47.00

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 Days112981381613632591833131110
Inventory Days8298131,6481,565341611735016094205385
Days Payable108155247154281301392137274164417
Cash Conversion Cycle8337561,5391,572416393305213351-21
Working Capital Days57639147445923696130251236175136129
ROCE %5%9%9%8%-13%3%1%-2%-4%-7%1%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters46.70%46.70%46.70%46.70%46.70%46.70%46.70%47.19%46.70%46.70%46.70%46.70%
Public53.30%53.30%53.30%53.30%53.30%53.30%53.30%52.81%53.29%53.30%53.31%53.30%
No. of Shareholders16,24416,92316,88916,68216,36615,89815,79115,67415,56415,42015,53315,436

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.60-48.56-22.853.98-5.20
Diluted EPS (Rs.)2.60-48.56-22.853.98-5.20
Cash EPS (Rs.)2.74-48.41-18.4012.674.75
Book Value[Excl.RevalReserv]/Share (Rs.)-55.79-58.39-9.8413.019.01
Book Value[Incl.RevalReserv]/Share (Rs.)-55.79-58.39-9.8413.019.01
Revenue From Operations / Share (Rs.)177.03127.02109.27126.89201.89
PBDIT / Share (Rs.)3.92-46.70-16.5015.4614.39
PBIT / Share (Rs.)3.55-47.02-21.256.304.71
PBT / Share (Rs.)3.32-47.65-22.254.35-7.40
Net Profit / Share (Rs.)2.37-48.73-23.163.51-4.93
NP After MI And SOA / Share (Rs.)2.60-48.56-22.853.98-5.19
PBDIT Margin (%)2.21-36.76-15.0912.187.12
PBIT Margin (%)2.00-37.02-19.454.962.33
PBT Margin (%)1.87-37.51-20.363.42-3.66
Net Profit Margin (%)1.33-38.36-21.192.76-2.44
NP After MI And SOA Margin (%)1.46-38.22-20.913.14-2.57
Return on Networth / Equity (%)-4.660.000.0030.66-57.77
Return on Capital Employeed (%)-6.4381.43231.2346.6040.96
Return On Assets (%)0.37-6.95-3.070.51-0.62
Long Term Debt / Equity (X)0.000.000.000.000.23
Total Debt / Equity (X)-12.79-12.26-72.7755.7385.88
Asset Turnover Ratio (%)0.250.170.140.150.24
Current Ratio (X)0.140.130.130.150.19
Quick Ratio (X)0.120.110.120.100.15
Inventory Turnover Ratio (X)1.804.601.500.932.41
Interest Coverage Ratio (X)17.19-74.31-16.487.911.19
Interest Coverage Ratio (Post Tax) (X)11.40-76.55-22.142.800.59
Enterprise Value (Cr.)1629.371630.771628.831627.441747.30
EV / Net Operating Revenue (X)4.055.656.565.643.81
EV / EBITDA (X)182.75-15.36-43.4246.3053.40
MarketCap / Net Operating Revenue (X)0.140.180.170.070.20
Price / BV (X)-0.46-0.41-1.930.764.57
Price / Net Operating Revenue (X)0.140.180.170.070.20
EarningsYield0.09-2.01-1.200.39-0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of ARSS Infrastructure Projects Ltd as of November 21, 2024 is: 154.68

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 21, 2024, ARSS Infrastructure Projects Ltd is Undervalued by 740.65% compared to the current share price 18.40

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of ARSS Infrastructure Projects Ltd as of November 21, 2024 is: 269.28

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 21, 2024, ARSS Infrastructure Projects Ltd is Undervalued by 1,363.48% compared to the current share price 18.40

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 74.09%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 0.67%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 274.08, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 181.42, which may not be favorable.
    4. The company has higher borrowings (1,651.50) compared to reserves (78.50), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (512.38) and profit (-51.62).

    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 ARSS Infrastructure Projects Ltd:
      1. Net Profit Margin: 1.33%
        • 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: -6.43% (Industry Average ROCE: 24.93%)
        • 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%: -4.66% (Industry Average ROE: 17.75%)
        • 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): 11.4
        • 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: 0.12
        • 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: 0 (Industry average Stock P/E: 32.13)
        • 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: -12.79
        • 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

    ARSS Infrastructure Projects Ltd. is a Public Limited Listed company incorporated on 17/05/2000 and has its registered office in the State of Orissa, India. Company’s Corporate Identification Number(CIN) is L14103OR2000PLC006230 and registration number is 006230. Currently company belongs to the Industry of Construction & Contracting. Company’s Total Operating Revenue is Rs. 288.82 Cr. and Equity Capital is Rs. 22.74 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Construction, Contracting & EngineeringPlot No-38, Sector-A, Zone-D, Bhubaneshwar Orissa 751010cs@arssgroup.in
    http://www.arssgroup.in
    Management
    NamePosition Held
    Mr. Subash AgarwalChairman & Executive Director
    Mr. Rajesh AgarwalManaging Director
    Mr. Pareswar PandaDirector

    FAQ

    What is the latest intrinsic value of ARSS Infrastructure Projects Ltd?

    The latest intrinsic value of ARSS Infrastructure Projects Ltd as on 21 November 2024 is ₹154.68, which is 740.65% higher than the current market price of ₹18.40.

    What is the Market Cap of ARSS Infrastructure Projects Ltd?

    The Market Cap of ARSS Infrastructure Projects Ltd is 41.9 Cr..

    What is the current Stock Price of ARSS Infrastructure Projects Ltd as on 21 November 2024?

    The current stock price of ARSS Infrastructure Projects Ltd as on 21 November 2024 is ₹18.4.

    What is the High / Low of ARSS Infrastructure Projects Ltd stocks in FY 2024?

    In FY 2024, the High / Low of ARSS Infrastructure Projects Ltd stocks is 26.8/16.0.

    What is the Stock P/E of ARSS Infrastructure Projects Ltd?

    The Stock P/E of ARSS Infrastructure Projects Ltd is .

    What is the Book Value of ARSS Infrastructure Projects Ltd?

    The Book Value of ARSS Infrastructure Projects Ltd is 67.4.

    What is the Dividend Yield of ARSS Infrastructure Projects Ltd?

    The Dividend Yield of ARSS Infrastructure Projects Ltd is 0.00 %.

    What is the ROCE of ARSS Infrastructure Projects Ltd?

    The ROCE of ARSS Infrastructure Projects Ltd is 2.32 %.

    What is the ROE of ARSS Infrastructure Projects Ltd?

    The ROE of ARSS Infrastructure Projects Ltd is %.

    What is the Face Value of ARSS Infrastructure Projects Ltd?

    The Face Value of ARSS Infrastructure Projects 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 ARSS Infrastructure Projects 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