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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 509486 | NSE: CAPRIHANS

Fundamental Analysis of Caprihans India Ltd

Basic Stock Data

Last Updated: May 22, 2024, 1:22 pm

Market Cap 222 Cr.
Current Price 169
High / Low266/103
Stock P/E
Book Value 395
Dividend Yield0.00 %
ROCE4.84 %
ROE88.8 %
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Competitors of Caprihans India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Prakash Pipes Ltd 888 Cr. 371493/15710.6 1320.32 %29.0 %22.8 % 10.0
Tijaria Polypipes Ltd 78.3 Cr. 27.428.6/4.90 9.460.00 %5.88 %% 10.0
Astral Ltd 56,632 Cr. 2,1082,352/1,702104 1190.15 %23.7 %18.5 % 1.00
Sanco Industries Ltd 10.3 Cr. 7.909.30/3.95 4.150.00 %32.4 %409 % 10.0
Texmo Pipes & Products Ltd 240 Cr. 82.1108/54.0 67.10.00 %16.9 %28.2 % 10.0
Industry Average11,569.72 Cr519.2822.9266.340.09%21.58%95.70%8.20

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7388879399240239240231226171179163
Expenses6679809093223224226220206157161146
Operating Profit796361715141120141817
OPM %10%10%7%3%7%7%6%6%5%9%8%10%11%
Other Income211113513-3124534
Interest000001716161611202021
Depreciation1111198898101010
Profit before tax89736-6-41-17125-11-10-10
Tax %25%19%25%34%21%-34%-13%183%2%25%4%3%-35%
Net Profit67525-7-5-1-1694-11-9-14
EPS in Rs4.315.623.831.433.84-5.66-3.83-0.84-12.4471.76-8.12-7.15-10.39

Last Updated: May 11, 2024, 11:51 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 27, 2024, 1:30 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales195221242253239233249269289297798936739
Expenses184210234242222220242264278274740876670
Operating Profit11118111713651223586069
OPM %6%5%3%4%7%5%3%2%4%8%7%6%9%
Other Income3333-26345811138135
Interest0000110111696072
Depreciation3343433344343338
Profit before tax11108111115651226-3410594
Tax %33%35%35%35%49%34%29%21%23%22%-17%32%
Net Profit775751044920-407261
EPS in Rs5.445.174.005.374.157.353.152.797.0015.40-30.1354.6446.10
Dividend Payout %28%29%38%28%36%20%48%27%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%-28.57%40.00%-28.57%100.00%-60.00%0.00%125.00%122.22%-300.00%280.00%
Change in YoY Net Profit Growth (%)0.00%-28.57%68.57%-68.57%128.57%-160.00%60.00%125.00%-2.78%-422.22%580.00%

Growth

Compounded Sales Growth
10 Years:16%
5 Years:30%
3 Years:48%
TTM:-22%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:15%
Stock Price CAGR
10 Years:14%
5 Years:21%
3 Years:24%
1 Year:51%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-89%

Last Updated: April 15, 2024, 6:41 am

Balance Sheet

Last Updated: May 15, 2024, 6:47 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13131313131313131313131313
Reserves899396100107114116118125146-318341506
Preference Capital00000000000211
Borrowings0000000000683630753
Other Liabilities29353638442734334445479438179
Total Liabilities1311401451511641551641631832048561,4211,452
Fixed Assets212017161617192120204561,029995
CWIP0000100000111
Investments0000100000022
Other Assets110121128134147138145142163184399389453
Total Assets1311401451511641551641631832048561,4211,452

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 31071415-81-310810-53
Cash from Investing Activity -1-3-1-4-1814-79-911-38
Cash from Financing Activity -2-2-2-3-3-3-3-3-2-1-1589
Net Cash Flow0537-64-93-19-4-2

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow11.0011.008.0011.0017.0013.006.005.0012.0023.0058.00-151.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days99104878880829310087949471
Inventory Days81677857888682711031038745
Days Payable334138608451605170629475
Cash Conversion Cycle14713012684851171161191201358641
Working Capital Days1211101038884113111113107116-4640
ROCE %11%10%8%10%16%11%5%4%8%18%13%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters71.66%71.66%71.66%71.66%71.66%71.67%51.00%51.00%51.00%51.00%51.00%51.00%
DIIs3.71%3.19%1.97%0.04%0.04%0.03%0.01%0.01%0.01%0.01%0.01%0.01%
Public24.63%25.15%26.37%28.30%28.30%28.31%48.98%48.98%49.00%48.99%48.98%48.98%
No. of Shareholders8,3888,4058,0047,7917,8847,3567,3047,2497,3157,4317,5047,661

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.)54.6412.7915.407.002.79
Diluted EPS (Rs.)54.6412.7915.407.002.79
Cash EPS (Rs.)79.9815.2118.159.895.34
Book Value[Excl.RevalReserv]/Share (Rs.)-73.58133.89121.03105.4899.48
Book Value[Incl.RevalReserv]/Share (Rs.)410.54133.89121.03105.4899.48
Dividend / Share (Rs.)0.000.000.000.000.75
Revenue From Operations / Share (Rs.)712.99299.14225.80220.38204.76
PBDIT / Share (Rs.)54.3120.4123.2112.636.59
PBIT / Share (Rs.)28.9717.9920.469.744.04
PBT / Share (Rs.)80.1917.2419.779.133.51
Net Profit / Share (Rs.)54.6412.7915.407.002.79
PBDIT Margin (%)7.616.8210.285.733.21
PBIT Margin (%)4.066.019.064.421.97
PBT Margin (%)11.245.768.754.141.71
Net Profit Margin (%)7.664.276.813.171.36
Return on Networth / Equity (%)-74.259.5512.726.632.80
Return on Capital Employeed (%)3.4413.2316.629.073.99
Return On Assets (%)5.046.349.925.032.24
Long Term Debt / Equity (X)-5.230.000.000.000.00
Total Debt / Equity (X)-6.500.000.000.000.00
Asset Turnover Ratio (%)1.111.681.531.671.65
Current Ratio (X)0.972.734.123.694.37
Quick Ratio (X)0.711.802.792.373.15
Inventory Turnover Ratio (X)8.164.323.494.255.02
Interest Coverage Ratio (X)1.2027.1733.7520.7312.57
Interest Coverage Ratio (Post Tax) (X)0.0718.0223.3912.496.32
Enterprise Value (Cr.)791.10130.8668.3013.0060.08
EV / Net Operating Revenue (X)0.840.330.230.040.22
EV / EBITDA (X)11.094.882.240.786.94
MarketCap / Net Operating Revenue (X)0.160.410.350.130.29
Price / BV (X)-1.560.920.660.290.60
Price / Net Operating Revenue (X)0.160.410.350.130.29
EarningsYield0.470.100.190.220.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹5,366.63

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.

Undervalued: 3,075.52% compared to the current price ₹169

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: ₹7,823.88

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 4,529.51% compared to the current price ₹169

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 45.79%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (125.62 cr) compared to borrowings (16.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (381.54 cr) and profit (21.54 cr) over the years.
  1. The stock has a low average ROCE of 9.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 88.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 108.83, 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 Caprihans India Ltd:
    1. Net Profit Margin: 7.66%
      • 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: 3.44% (Industry Average ROCE: 21.58%)
      • 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%: -74.25% (Industry Average ROE: 95.7%)
      • 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): 0.07
      • 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: 0.71
      • 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: (Industry average Stock P/E: 22.92)
      • 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: -6.50
      • 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

Caprihans India Ltd. is a Public Limited Listed company incorporated on 11/04/1946 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L29150MH1946PLC004877 and registration number is 004877. Currently company belongs to the Industry of Plastics - Pipes & Fittings. Company’s Total Operating Revenue is Rs. 392.89 Cr. and Equity Capital is Rs. 13.13 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Pipes & FittingsBlock D, Shivsagar Estate, Dr. Annie Besant Road, Mumbai Maharashtra 400018cil@caprihansindia.com
http://www.caprihansindia.com
Management
NamePosition Held
Mrs. Ankita J KariyaChairperson & Managing Director
Mr. Nitin K JoshiIndependent Director
Mr. Siddharth S ShetyeIndependent Director
Mr. Sudhir PendseIndependent Director
Mr. Somenath MukherjeeExecutive Director
Mr. Avinash JoshiIndependent Director

FAQ

What is the latest fair value of Caprihans India Ltd?

The latest fair value of Caprihans India Ltd is ₹5366.63.

What is the Market Cap of Caprihans India Ltd?

The Market Cap of Caprihans India Ltd is 222 Cr..

What is the current Stock Price of Caprihans India Ltd as on 22 May 2024?

The current stock price of Caprihans India Ltd as on 22 May 2024 is ₹169.

What is the High / Low of Caprihans India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Caprihans India Ltd stocks is ₹266/103.

What is the Stock P/E of Caprihans India Ltd?

The Stock P/E of Caprihans India Ltd is .

What is the Book Value of Caprihans India Ltd?

The Book Value of Caprihans India Ltd is 395.

What is the Dividend Yield of Caprihans India Ltd?

The Dividend Yield of Caprihans India Ltd is 0.00 %.

What is the ROCE of Caprihans India Ltd?

The ROCE of Caprihans India Ltd is 4.84 %.

What is the ROE of Caprihans India Ltd?

The ROE of Caprihans India Ltd is 88.8 %.

What is the Face Value of Caprihans India Ltd?

The Face Value of Caprihans India 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 Caprihans India 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