Fundamental Analysis of Cubex Tubings Ltd

About the Company - Cubex Tubings Ltd

Cubex Tubings Ltd. is a Public Limited Listed company incorporated on 10/08/1979 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L27109TG1979PLC002504 and registration number is 002504. Currently Company is involved in the business activities of Manufacture of copper from ore, and other copper products and alloys. Company’s Total Operating Revenue is Rs. 133.65 Cr. and Equity Capital is Rs. 14.26 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Metals - Non Ferrous - Copper/Copper Alloys - Prod	1-7-27 to 34, Shyam Towers, Secunderabad Telangana 500003	cubex@rediffmail.com http://www.cubextubings.com

Management
Name	Position Held
Mr. P R Bhandari	Managing Director
Mr. Virendra Bhandari	Executive Director
Mrs. Veena Bhandari	Director
Mr. Sandeep Kumar	Independent Director
Mr. Vipul Kumar Jain	Independent Director
Mr. Surender Arkathala	Addnl.Non Exe.Independent Director

Basic Stock Data of Cubex Tubings Ltd

Last Updated: July 26, 2024, 10:52 pm

Market Cap	161 Cr.
Current Price	114
High / Low	128/35.2
Stock P/E	41.0
Book Value	48.3
Dividend Yield	0.00 %
ROCE	8.89 %
ROE	5.87 %
Face Value	10.0
PEG Ratio	0.70

Data Source: screener.in

Cubex Tubings Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	20.04	20.27	24.77	35.23	33.39	42.29	34.00	46.38	53.02	59.55	50.45	64.72	57.10
Expenses	19.42	18.31	23.89	34.25	32.45	40.54	32.93	45.11	51.47	57.00	48.82	62.13	54.83
Operating Profit	0.62	1.96	0.88	0.98	0.94	1.75	1.07	1.27	1.55	2.55	1.63	2.59	2.27
OPM %	3.09%	9.67%	3.55%	2.78%	2.82%	4.14%	3.15%	2.74%	2.92%	4.28%	3.23%	4.00%	3.98%
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.12	0.22	0.14	0.22	0.16	0.18	0.11	0.20	0.27	0.33	0.31	0.38	0.45
Depreciation	0.33	0.39	0.34	0.35	0.34	0.35	0.34	0.34	0.34	0.37	0.35	0.33	0.34
Profit before tax	0.17	1.35	0.40	0.41	0.44	1.22	0.62	0.73	0.94	1.85	0.97	1.88	1.48
Tax %	11.76%	34.07%	7.50%	-17.07%	11.36%	3.28%	30.65%	50.68%	37.23%	30.27%	32.99%	30.32%	31.08%
Net Profit	0.16	0.89	0.38	0.48	0.38	1.17	0.42	0.36	0.58	1.29	0.65	1.31	1.01
EPS in Rs	0.11	0.62	0.27	0.34	0.27	0.82	0.29	0.25	0.41	0.90	0.45	0.91	0.71

Last Updated: July 10, 2024, 4:20 pm

Cubex Tubings Ltd Quarterly Chart

Cubex Tubings Ltd Profit & Loss

Last Updated: July 10, 2024, 4:20 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	57	38	45	58	52	46	51	75	60	70	134	191	232
Expenses	55	37	45	57	52	45	51	74	58	67	131	187	223
Operating Profit	2	1	-1	1	0	0	-0	1	1	3	3	5	9
OPM %	3%	2%	-1%	1%	1%	0%	-0%	1%	2%	4%	2%	2%	4%
Other Income	0	1	3	1	2	2	2	2	1	1	2	2	0
Interest	0	0	0	0	0	0	0	1	0	1	1	1	1
Depreciation	1	2	2	2	2	1	1	1	1	1	1	1	1
Profit before tax	1	0	0	0	0	0	0	1	1	2	2	4	6
Tax %	48%	91%	55%	55%	36%	24%	20%	6%	43%	31%	2%	36%
Net Profit	0	0	0	0	0	0	0	1	0	1	2	3	4
EPS in Rs	0.29	0.02	0.10	0.13	0.21	0.24	0.27	0.46	0.30	0.93	1.69	1.85	2.97
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Cubex Tubings Ltd Profit & Loss Yearly Chart

Cubex Tubings Ltd Growth

Compounded Sales Growth
10 Years:	17%
5 Years:	24%
3 Years:	47%
TTM:	16%

Compounded Profit Growth
10 Years:	37%
5 Years:	43%
3 Years:	44%
TTM:	48%

Stock Price CAGR
10 Years:	32%
5 Years:	56%
3 Years:	59%
1 Year:	178%

Return on Equity
10 Years:	2%
5 Years:	3%
3 Years:	5%
Last Year:	6%

Last Updated: July 25, 2024, 8:39 am

Cubex Tubings Ltd Balance Sheet

Last Updated: July 11, 2024, 8:38 am

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	12	12	14	14	14	14	14	14	14	14	14	14	14
Reserves	42	42	42	42	42	43	43	44	44	45	48	50	53
Borrowings	6	5	6	5	4	5	7	6	5	1	10	13	13
Other Liabilities	4	4	4	6	6	7	10	15	15	25	24	20	22
Total Liabilities	63	64	66	67	67	68	75	79	79	86	96	97	102
Fixed Assets	22	24	22	20	19	18	17	15	17	15	16	15	15
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	41	39	44	47	48	51	58	64	62	71	80	82	87
Total Assets	63	64	66	67	67	68	75	79	79	86	96	97	102

Cubex Tubings Ltd Reserves and Borrowings Chart

Cubex Tubings Ltd 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	6	-2	3	2	2	4	-0	3	-0	-18	0	3
Cash from Investing Activity	-4	0	-0	-0	-0	-1	1	-3	-0	-0	0	1
Cash from Financing Activity	-1	2	-2	-3	-1	-4	-1	-0	-1	0	-1	-2
Net Cash Flow	1	-0	1	-1	1	-1	-0	1	-1	-18	-0	3

Cubex Tubings Ltd 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	156	173	131	172	203	178	185	174	183	116	69	74
Inventory Days	95	74	55	34	53	103	68	139	117	52	47	29
Days Payable	25	20	25	33	45	66	74	94	134	53	26	24
Cash Conversion Cycle	226	227	160	173	211	215	179	219	166	115	90	78
Working Capital Days	282	226	169	192	236	223	188	228	174	111	92	87
ROCE %	1%	1%	1%	1%	1%	1%	2%	2%	4%	5%	7%

Cubex Tubings Ltd Financial Efficiency Indicators Chart

Cubex Tubings Ltd Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	44.42%	44.42%	44.42%	44.42%	44.42%	44.42%	44.42%	44.42%	44.42%	44.42%	44.42%	44.42%
DIIs	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.36%	0.32%	0.32%	0.32%	0.32%	0.32%
Government	0.04%	0.04%	0.04%	0.04%	0.04%	0.18%	0.00%	0.04%	0.04%	0.04%	0.04%	0.04%
Public	55.22%	55.22%	55.22%	55.22%	55.23%	55.08%	55.22%	55.22%	55.22%	55.22%	55.22%	55.22%
No. of Shareholders	8,177	8,571	8,930	9,110	9,306	9,517	9,461	9,443	9,426	9,902	9,432	10,628

Cubex Tubings Ltd Shareholding Pattern Chart

No. of Cubex Tubings Ltd Shareholders

This stock is not held by any mutual fund

Cubex Tubings Ltd ROCE Trend

Cubex Tubings Ltd EPS Trend

Cubex Tubings Ltd 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.)	2.78	1.85	1.69	0.93	0.30
Diluted EPS (Rs.)	2.78	1.85	1.69	0.93	0.30
Cash EPS (Rs.)	3.74	2.84	2.66	1.89	1.22
Book Value[Excl.RevalReserv]/Share (Rs.)	48.52	45.37	43.51	41.82	40.88
Book Value[Incl.RevalReserv]/Share (Rs.)	48.52	45.37	43.51	41.82	40.88
Revenue From Operations / Share (Rs.)	154.83	133.97	93.72	49.30	41.99
PBDIT / Share (Rs.)	5.86	4.52	3.19	2.75	1.73
PBIT / Share (Rs.)	4.91	3.53	2.22	1.79	0.81
PBT / Share (Rs.)	3.71	2.89	1.73	1.36	0.53
Net Profit / Share (Rs.)	2.80	1.86	1.70	0.93	0.30
PBDIT Margin (%)	3.78	3.37	3.40	5.58	4.13
PBIT Margin (%)	3.17	2.63	2.37	3.63	1.94
PBT Margin (%)	2.39	2.15	1.84	2.76	1.27
Net Profit Margin (%)	1.80	1.38	1.80	1.89	0.71
Return on Networth / Equity (%)	5.76	4.09	3.89	2.23	0.73
Return on Capital Employeed (%)	9.85	7.60	5.01	4.18	1.95
Return On Assets (%)	3.80	2.72	2.59	1.54	0.54
Total Debt / Equity (X)	0.21	0.19	0.15	0.02	0.08
Asset Turnover Ratio (%)	2.18	2.01	1.49	0.85	0.75
Current Ratio (X)	2.25	2.17	2.07	2.34	2.79
Quick Ratio (X)	1.80	1.46	1.50	1.58	1.81
Inventory Turnover Ratio (X)	10.16	8.98	6.58	3.16	3.64
Interest Coverage Ratio (X)	4.88	7.06	6.49	6.39	6.09
Interest Coverage Ratio (Post Tax) (X)	3.33	3.90	4.45	3.16	2.06
Enterprise Value (Cr.)	147.56	50.86	41.96	24.98	16.25
EV / Net Operating Revenue (X)	0.66	0.26	0.31	0.35	0.27
EV / EBITDA (X)	17.59	7.89	9.23	6.36	6.57
MarketCap / Net Operating Revenue (X)	0.61	0.20	0.24	0.35	0.21
Price / BV (X)	1.96	0.59	0.53	0.41	0.22
Price / Net Operating Revenue (X)	0.61	0.20	0.24	0.35	0.21
EarningsYield	0.02	0.06	0.07	0.05	0.03

Cubex Tubings Ltd Profitability Ratios (%)

Cubex Tubings Ltd Liquidity Ratios

Cubex Tubings Ltd Liquidity Ratios (%)

Cubex Tubings Ltd Interest Coverage Ratios (%)

Cubex Tubings Ltd Valuation Ratios

Fair Value

Fair Value: 118.57

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: 4.01% compared to the current price 114

Intrinsic Value: 187.54

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: 64.51% compared to the current price 114

Last 5 Year EPS CAGR: 58.17%

*Investments are subject to market risks

Strength and Weakness of Cubex Tubings Ltd Stock

Strength	Weakness
The company has higher reserves (45.00 cr) compared to borrowings (6.83 cr), indicating strong financial stability. The company has shown consistent growth in sales (85.31 cr) and profit (1.31 cr) over the years.	The stock has a low average ROCE of 2.17%, which may not be favorable. The stock has a high average Working Capital Days of 184.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 171.58, which may not be favorable.

FAQ

What is the latest fair value of Cubex Tubings Ltd?

The latest fair value of Cubex Tubings Ltd is ₹118.57.

What is the Market Cap of Cubex Tubings Ltd?

The Market Cap of Cubex Tubings Ltd is 161 Cr..

What is the current Stock Price of Cubex Tubings Ltd as on 27 July 2024?

The current stock price of Cubex Tubings Ltd as on 27 July 2024 is 114.

What is the High / Low of Cubex Tubings Ltd stocks in FY 2024?

In FY 2024, the High / Low of Cubex Tubings Ltd stocks is 128/35.2.

What is the Stock P/E of Cubex Tubings Ltd?

The Stock P/E of Cubex Tubings Ltd is 41.0.

What is the Book Value of Cubex Tubings Ltd?

The Book Value of Cubex Tubings Ltd is 48.3.

What is the Dividend Yield of Cubex Tubings Ltd?

The Dividend Yield of Cubex Tubings Ltd is 0.00 %.

What is the ROCE of Cubex Tubings Ltd?

The ROCE of Cubex Tubings Ltd is 8.89 %.

What is the ROE of Cubex Tubings Ltd?

The ROE of Cubex Tubings Ltd is 5.87 %.

What is the Face Value of Cubex Tubings Ltd?

The Face Value of Cubex Tubings Ltd is 10.0.