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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 542627 | NSE: CHANDNIMACH

Fundamental Analysis of Chandni Machines Ltd

Basic Stock Data

Last Updated: May 22, 2024, 8:34 pm

Market Cap 17.4 Cr.
Current Price 53.8
High / Low66.3/10.0
Stock P/E8.46
Book Value 25.7
Dividend Yield0.00 %
ROCE6.86 %
ROE5.08 %
Face Value 10.0
PEG Ratio0.04

Data Source: screener.in

Competitors of Chandni Machines Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Walchandnagar Industries Ltd 1,222 Cr. 221269/70.9 52.80.00 %6.95 %44.0 % 2.00
Macpower CNC Machines Ltd 1,351 Cr. 1,3511,510/20774.2 1050.11 %19.3 %14.2 % 10.0
Sanghvi Movers Ltd 4,877 Cr. 1,1261,495/36626.0 2340.36 %23.8 %20.3 % 2.00
Bright Solar Ltd 20.1 Cr. 8.0512.5/4.65 12.90.00 %0.33 %0.16 % 10.0
TRF Ltd 619 Cr. 562670/15915.6 35.50.00 %14.7 %% 10.0
Industry Average1,617.82 Cr653.6123.1688.040.09%13.02%15.73%6.80

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales15.669.7124.7049.9133.9840.4532.9017.680.370.6833.0852.3139.53
Expenses15.989.6724.4349.1533.5439.7832.6917.720.650.2132.1451.7439.14
Operating Profit-0.320.040.270.760.440.670.21-0.04-0.280.470.940.570.39
OPM %-2.04%0.41%1.09%1.52%1.29%1.66%0.64%-0.23%-75.68%69.12%2.84%1.09%0.99%
Other Income0.100.080.040.060.060.070.080.080.060.130.110.220.33
Interest0.010.010.000.010.010.000.000.000.000.010.010.010.01
Depreciation0.060.050.050.060.070.060.060.050.040.060.100.100.10
Profit before tax-0.290.060.260.750.420.680.23-0.01-0.260.530.940.680.61
Tax %24.14%33.33%23.08%26.67%16.67%32.35%26.09%0.00%23.08%26.42%25.53%25.00%26.23%
Net Profit-0.220.040.190.550.350.470.17-0.01-0.200.390.700.510.45
EPS in Rs-0.680.120.591.701.081.460.53-0.03-0.621.212.171.581.39

Last Updated: May 11, 2024, 11:56 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 26, 2024, 9:39 pm

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales-02011484314952126
Expenses-01912484314751123
Operating Profit-01-0-0-0202
OPM %5%-3%-0%-0%1%1%2%
Other Income-00000001
Interest-00-000000
Depreciation-0-0000000
Profit before tax-01000203
Tax %26%31%100%40%26%29%
Net Profit-01000202
EPS in Rs0.280.030.094.831.086.35
Dividend Payout %-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192022-2023
YoY Net Profit Growth (%)-100.00%-100.00%
Change in YoY Net Profit Growth (%)0.00%0.00%

Chandni Machines Ltd has shown a consistent positive trend in YoY Net Profit Growth (%) in the last 2 years from 2018-2019 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:21%
3 Years:2%
TTM:37%
Compounded Profit Growth
10 Years:%
5 Years:-16%
3 Years:227%
TTM:377%
Stock Price CAGR
10 Years:%
5 Years:33%
3 Years:82%
1 Year:358%
Return on Equity
10 Years:%
5 Years:7%
3 Years:11%
Last Year:5%

Last Updated: May 22, 2024, 11:32 am

Balance Sheet

Last Updated: April 23, 2024, 11:52 am

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital03333333
Reserves02222345
Borrowings00110011
Other Liabilities07816388521
Total Liabilities012132243151330
Fixed Assets00233333
CWIP00000000
Investments00000000
Other Assets012111940131026
Total Assets012132243151330

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0-311110
Cash from Investing Activity -04-3-0-0-00
Cash from Financing Activity 0-01-0-1-0-1
Net Cash Flow01-1001-1

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow0.001.00-1.00-1.000.002.00-1.00

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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1111287518611
Inventory Days812014432838
Days Payable61248317611
Cash Conversion Cycle1313063642838
Working Capital Days719962-418
ROCE %44%2%1%1%35%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters46.50%46.50%46.50%46.50%46.50%46.50%46.50%46.50%46.50%46.50%46.50%46.50%
Public53.50%53.50%53.50%53.50%53.50%53.49%53.50%53.49%53.50%53.51%53.49%53.51%
No. of Shareholders3,2583,2463,3863,4893,4433,4553,4423,5253,5913,6033,7783,832

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.)1.084.850.110.050.29
Diluted EPS (Rs.)1.084.850.110.050.29
Cash EPS (Rs.)1.735.590.710.280.31
Book Value[Excl.RevalReserv]/Share (Rs.)21.8920.8115.9615.8515.81
Book Value[Incl.RevalReserv]/Share (Rs.)21.8920.8115.9615.8515.81
Revenue From Operations / Share (Rs.)159.95461.81133.70149.1534.86
PBDIT / Share (Rs.)2.207.360.830.370.44
PBIT / Share (Rs.)1.556.620.220.120.41
PBT / Share (Rs.)1.516.550.150.110.41
Net Profit / Share (Rs.)1.084.850.100.040.28
PBDIT Margin (%)1.371.590.620.241.28
PBIT Margin (%)0.961.430.160.081.19
PBT Margin (%)0.941.410.110.071.19
Net Profit Margin (%)0.671.040.070.030.81
Return on Networth / Equity (%)4.9423.300.660.281.80
Return on Capital Employeed (%)6.6230.691.340.782.64
Return On Assets (%)2.7610.180.070.060.68
Total Debt / Equity (X)0.000.000.010.100.11
Asset Turnover Ratio (%)3.695.121.342.750.86
Current Ratio (X)1.891.451.061.151.30
Quick Ratio (X)0.861.090.960.800.64
Interest Coverage Ratio (X)54.44118.3212.0525.300.00
Interest Coverage Ratio (Post Tax) (X)27.8278.912.534.120.00
Enterprise Value (Cr.)3.014.741.00-0.500.00
EV / Net Operating Revenue (X)0.050.030.02-0.010.00
EV / EBITDA (X)4.252.003.69-4.220.00
MarketCap / Net Operating Revenue (X)0.090.060.070.020.00
Price / BV (X)0.721.510.590.230.00
Price / Net Operating Revenue (X)0.090.060.070.020.00
EarningsYield0.060.150.010.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹11.27

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.

Overvalued: 79.06% compared to the current price ₹53.8

Intrinsic Value: ₹32.88

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.

Overvalued: 38.89% compared to the current price ₹53.8

Last 5 Year EPS CAGR: 191.83%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 27.43, which is a positive sign.
  2. The company has higher reserves (2.50 cr) compared to borrowings (0.50 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (56.13 cr) and profit (0.75 cr) over the years.
  1. The stock has a low average ROCE of 12.86%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 80.14, 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 Chandni Machines Ltd:
    1. Net Profit Margin: 0.67%
      • 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: 6.62% (Industry Average ROCE: 13.02%)
      • 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%: 4.94% (Industry Average ROE: 15.73%)
      • 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): 27.82
      • 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: 0.86
      • 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: 8.46 (Industry average Stock P/E: 23.16)
      • 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: 0.00
      • 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

Chandni Machines Ltd. is a Public Limited Listed company incorporated on 12/04/2016 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74999MH2016PLC279940 and registration number is 279940. Currently Company is involved in the business activities of Retail sale of second-hand goods. Company’s Total Operating Revenue is Rs. 149.05 Cr. and Equity Capital is Rs. 3.23 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - Heavy108/109, T.V. Industrial Estate, 52, Mumbai Maharashtra 400030sales@cml.net.in
http://www.cml.net.in
Management
NamePosition Held
Mr. Jayesh Ramniklal MehtaManaging Director
Mrs. Amita Jayesh MehtaNon Executive Director
Mr. Rameshchand GargIndependent Director
Mr. Richie Hiralal AminIndependent Director
Dr. Bharat Sugnomal BhatiaIndependent Director
Mr. Bharat Keshavlal ShahExecutive Director

FAQ

What is the latest fair value of Chandni Machines Ltd?

The latest fair value of Chandni Machines Ltd is ₹11.27.

What is the Market Cap of Chandni Machines Ltd?

The Market Cap of Chandni Machines Ltd is 17.4 Cr..

What is the current Stock Price of Chandni Machines Ltd as on 22 May 2024?

The current stock price of Chandni Machines Ltd as on 22 May 2024 is ₹53.8.

What is the High / Low of Chandni Machines Ltd stocks in FY 2024?

In FY 2024, the High / Low of Chandni Machines Ltd stocks is ₹66.3/10.0.

What is the Stock P/E of Chandni Machines Ltd?

The Stock P/E of Chandni Machines Ltd is 8.46.

What is the Book Value of Chandni Machines Ltd?

The Book Value of Chandni Machines Ltd is 25.7.

What is the Dividend Yield of Chandni Machines Ltd?

The Dividend Yield of Chandni Machines Ltd is 0.00 %.

What is the ROCE of Chandni Machines Ltd?

The ROCE of Chandni Machines Ltd is 6.86 %.

What is the ROE of Chandni Machines Ltd?

The ROE of Chandni Machines Ltd is 5.08 %.

What is the Face Value of Chandni Machines Ltd?

The Face Value of Chandni Machines 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 Chandni Machines 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