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Last Updated on: 18 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 543651 | NSE: DAPS

DAPS Advertising Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 18, 2024, 1:26 pm

Market Cap 12.9 Cr.
Current Price 25.0
High / Low42.9/25.0
Stock P/E13.2
Book Value 30.9
Dividend Yield0.60 %
ROCE9.76 %
ROE7.15 %
Face Value 10.0
PEG Ratio0.98

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

View Share Price Target for DAPS Advertising Ltd

Competitors of DAPS Advertising Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Esha Media Research Ltd 11.8 Cr. 15.223.4/2.87 13.70.00 %16.7 %% 10.0
DAPS Advertising Ltd 12.9 Cr. 25.042.9/25.013.2 30.90.60 %9.76 %7.15 % 10.0
Brandbucket Media & Technology Ltd 38.3 Cr. 16.545.4/0.00101 34.20.00 %1.64 %1.22 % 10.0
Vertoz Advertising Ltd 1,371 Cr. 16.145.2/14.363.7 1.830.00 %13.4 %13.4 % 1.00
Next Mediaworks Ltd 47.4 Cr. 7.2211.0/5.79 14.50.00 %8.37 %% 10.0
Industry Average829.00 Cr21.5548.6816.250.10%11.61%7.26%7.17

All Competitor Stocks of DAPS Advertising Ltd

Quarterly Result

MonthSep 2022Mar 2023Sep 2023Mar 2024
Sales14.5815.5710.749.61
Expenses13.3814.1510.079.53
Operating Profit1.201.420.670.08
OPM %8.23%9.12%6.24%0.83%
Other Income0.080.190.120.85
Interest0.020.020.020.03
Depreciation0.090.120.090.12
Profit before tax1.171.470.680.78
Tax %24.79%25.85%25.00%25.64%
Net Profit0.881.110.500.58
EPS in Rs2.532.140.971.12

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:40 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales23.2937.8120.197.8618.5329.8220.36
Expenses21.4535.5419.447.5716.7326.2019.60
Operating Profit1.842.270.750.291.803.620.76
OPM %7.90%6.00%3.71%3.69%9.71%12.14%3.73%
Other Income0.110.130.150.180.09-0.700.97
Interest0.110.130.210.200.290.070.06
Depreciation0.140.120.150.140.140.200.22
Profit before tax1.702.150.540.131.462.651.45
Tax %29.41%26.98%25.93%30.77%25.34%25.28%24.83%
Net Profit1.201.570.390.101.091.981.09
EPS in Rs3.454.521.120.293.143.832.11
Dividend Payout %0.00%0.00%0.00%0.00%0.00%13.06%7.11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)30.83%-75.16%-74.36%990.00%81.65%-44.95%
Change in YoY Net Profit Growth (%)0.00%-105.99%0.80%1064.36%-908.35%-126.60%

DAPS Advertising Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:-12%
3 Years:37%
TTM:-33%
Compounded Profit Growth
10 Years:%
5 Years:-7%
3 Years:122%
TTM:-39%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-24%
Return on Equity
10 Years:%
5 Years:11%
3 Years:14%
Last Year:7%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital3.473.473.473.473.475.175.17
Reserves1.713.283.683.784.879.6510.48
Borrowings1.562.181.831.230.410.280.18
Other Liabilities7.034.214.303.454.604.032.76
Total Liabilities13.7713.1413.2811.9313.3519.1318.59
Fixed Assets0.341.481.431.321.341.422.22
CWIP0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Other Assets13.4311.6611.8510.6112.0117.7116.37
Total Assets13.7713.1413.2811.9313.3519.1318.59

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +0.70-0.360.351.360.540.87-0.63
Cash from Investing Activity +-0.08-1.13-0.110.01-0.06-0.10-0.96
Cash from Financing Activity +0.660.66-0.55-0.80-0.824.36-0.35
Net Cash Flow1.28-0.83-0.310.57-0.345.13-1.94

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow0.280.09-1.08-0.941.393.340.58

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 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days156.7278.87148.42323.67168.61108.32162.24
Inventory Days
Days Payable
Cash Conversion Cycle156.7278.87148.42323.67168.61108.32162.24
Working Capital Days48.7448.8598.89209.43101.2575.89137.86
ROCE %29.10%8.38%3.78%20.31%30.94%9.76%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthNov 2022Mar 2023Sep 2023Mar 2024
Promoters64.90%64.90%65.13%65.21%
Public35.09%35.09%34.86%34.79%
No. of Shareholders350215198210

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.104.743.140.281.14
Diluted EPS (Rs.)2.104.743.140.281.14
Cash EPS (Rs.)2.524.233.550.681.57
Book Value[Excl.RevalReserv]/Share (Rs.)30.2528.6524.0120.8720.59
Book Value[Incl.RevalReserv]/Share (Rs.)30.2528.6524.0120.8720.59
Dividend / Share (Rs.)0.150.000.000.000.00
Revenue From Operations / Share (Rs.)39.3458.2653.7722.6158.21
PBDIT / Share (Rs.)3.335.615.441.362.58
PBIT / Share (Rs.)2.915.225.030.952.15
PBT / Share (Rs.)2.815.124.200.381.55
Net Profit / Share (Rs.)2.103.833.140.281.14
PBDIT Margin (%)8.459.6210.116.004.42
PBIT Margin (%)7.388.959.364.213.69
PBT Margin (%)7.138.797.811.692.65
Net Profit Margin (%)5.346.575.841.241.95
Return on Networth / Equity (%)6.9413.3713.081.345.51
Return on Capital Employeed (%)9.5218.0020.544.249.41
Return On Assets (%)5.8410.367.960.812.97
Long Term Debt / Equity (X)0.010.010.010.070.10
Total Debt / Equity (X)0.010.010.040.170.25
Asset Turnover Ratio (%)1.081.841.460.620.00
Current Ratio (X)5.684.272.382.562.21
Quick Ratio (X)5.684.272.382.562.21
Interest Coverage Ratio (X)33.7559.136.532.394.29
Interest Coverage Ratio (Post Tax) (X)22.3241.404.771.492.89
Enterprise Value (Cr.)8.154.750.000.000.00
EV / Net Operating Revenue (X)0.400.150.000.000.00
EV / EBITDA (X)4.741.640.000.000.00
MarketCap / Net Operating Revenue (X)0.660.390.000.000.00
Price / BV (X)0.850.800.000.000.00
Price / Net Operating Revenue (X)0.660.390.000.000.00
EarningsYield0.080.160.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of DAPS Advertising Ltd as of November 18, 2024 is: 29.34

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 18, 2024, DAPS Advertising Ltd is Undervalued by 17.36% compared to the current share price 25.00

Intrinsic Value of DAPS Advertising Ltd as of November 18, 2024 is: 33.30

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 18, 2024, DAPS Advertising Ltd is Undervalued by 33.20% compared to the current share price 25.00

Last 5 Year EPS CAGR: 13.50%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (5.35 cr) compared to borrowings (1.10 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (22.55 cr) and profit (1.44 cr) over the years.
  1. The stock has a low average ROCE of 14.61%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 102.99, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 163.84, 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 DAPS Advertising Ltd:
    1. Net Profit Margin: 5.34%
      • 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: 9.52% (Industry Average ROCE: 11.61%)
      • 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%: 6.94% (Industry Average ROE: 3.63%)
      • 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): 22.32
      • 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: 5.68
      • 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: 13.2 (Industry average Stock P/E: 32.45)
      • 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: 0.01
      • 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

DAPS Advertising Ltd. is a Public Limited Listed company incorporated on 29/04/1999 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is U51109UP1999PLC024389 and registration number is 024389. Currently company belongs to the Industry of Entertainment & Media. Company’s Total Operating Revenue is Rs. 18.68 Cr. and Equity Capital is Rs. 3.47 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Advertising & Media Agency128, Clyde House, Kanpur Uttar Pradesh 208001investor@dapsadvertising.com
http://www.dapsadvertising.com
Management
NamePosition Held
Mr. Akhilesh ChaturvediChairman & Wholetime Director
Mr. Dharmesh ChaturvediManaging Director
Mr. Paresh ChaturvediWholeTime Director & CFO
Ms. Srishti ChaturvediNon Executive Director
Ms. Shivi RastogiIndependent Director
Mr. Anshuman ChaturvediIndependent Director
Ms. Akanksha Sunny BilaneyIndependent Director
Mr. Kamesh SethiIndependent Director
Ms. Prachi TiwariIndependent Director

FAQ

What is the latest intrinsic value of DAPS Advertising Ltd?

The latest intrinsic value of DAPS Advertising Ltd as on 18 November 2024 is ₹29.34, which is 17.36% higher than the current market price of ₹25.00.

What is the Market Cap of DAPS Advertising Ltd?

The Market Cap of DAPS Advertising Ltd is 12.9 Cr..

What is the current Stock Price of DAPS Advertising Ltd as on 18 November 2024?

The current stock price of DAPS Advertising Ltd as on 18 November 2024 is ₹25.0.

What is the High / Low of DAPS Advertising Ltd stocks in FY 2024?

In FY 2024, the High / Low of DAPS Advertising Ltd stocks is 42.9/25.0.

What is the Stock P/E of DAPS Advertising Ltd?

The Stock P/E of DAPS Advertising Ltd is 13.2.

What is the Book Value of DAPS Advertising Ltd?

The Book Value of DAPS Advertising Ltd is 30.9.

What is the Dividend Yield of DAPS Advertising Ltd?

The Dividend Yield of DAPS Advertising Ltd is 0.60 %.

What is the ROCE of DAPS Advertising Ltd?

The ROCE of DAPS Advertising Ltd is 9.76 %.

What is the ROE of DAPS Advertising Ltd?

The ROE of DAPS Advertising Ltd is 7.15 %.

What is the Face Value of DAPS Advertising Ltd?

The Face Value of DAPS Advertising 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 DAPS Advertising 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