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Last Updated on: 26 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of DE Nora India Ltd

About the Company - DE Nora India Ltd

De Nora India Ltd. is a Public Limited Listed company incorporated on 11/03/1993 and has its registered office in the State of Goa, India. Company’s Corporate Identification Number(CIN) is L31200GA1993PLC001335 and registration number is 001335. Currently Company is involved in the business activities of Manufacture of other special-purpose machinery. Company’s Total Operating Revenue is Rs. 74.17 Cr. and Equity Capital is Rs. 5.31 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electrodes - GraphitePlot Nos 184,185 & 189, Kundaim Industrial Estate, Kundaim Goa 403115info.dni@denora.com
http://india,denora.com
Management
NamePosition Held
Ms. Supriya BanerjiChairperson & Independent Director
Mr. Vinay ChopraManaging Director
Mr. Robert ScannellNon Executive Director
Mr. Francesco L�AbbateNon Executive Director
Mr. Purushottam S MantriIndependent Director
Ms. Lalita Correia AfonsoAddnl.Independent Director

Basic Stock Data of DE Nora India Ltd

Last Updated: July 26, 2024, 10:51 pm

Market Cap 949 Cr.
Current Price 1,789
High / Low2,170/1,293
Stock P/E44.4
Book Value 225
Dividend Yield0.11 %
ROCE22.8 %
ROE17.2 %
Face Value 10.0
PEG Ratio1.84

Data Source: screener.in

DE Nora India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6.229.5020.615.1114.7715.3938.9012.3814.3719.1927.639.1419.08
Expenses6.059.1415.175.789.3711.5224.6810.0912.6113.9912.219.3511.44
Operating Profit0.170.365.44-0.675.403.8714.222.291.765.2015.42-0.217.64
OPM %2.73%3.79%26.39%-13.11%36.56%25.15%36.56%18.50%12.25%27.10%55.81%-2.30%40.04%
Other Income0.740.67-0.280.520.060.080.300.470.611.491.291.161.14
Interest0.000.000.000.000.000.000.150.010.000.000.000.000.00
Depreciation0.650.650.660.670.680.680.650.640.240.250.240.250.25
Profit before tax0.260.384.50-0.824.783.2713.722.112.136.4416.470.708.53
Tax %38.46%13.16%25.78%0.00%21.34%26.61%26.46%25.59%26.29%25.31%25.14%25.71%25.56%
Net Profit0.150.343.35-0.813.762.4110.101.571.584.8112.320.526.35
EPS in Rs0.280.646.31-1.537.084.5419.032.962.989.0623.210.9811.96

Last Updated: July 10, 2024, 4:28 pm

DE Nora India Ltd Quarterly Chart

DE Nora India Ltd Profit & Loss

Last Updated: July 10, 2024, 4:28 pm

MonthDec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales34643631512727334851747475
Expenses27462925352525323842514947
Operating Profit7197516220118232528
OPM %19%29%19%17%30%8%8%1%22%17%31%34%37%
Other Income1112433422145
Interest0000000000000
Depreciation1111112333311
Profit before tax7197618432108212732
Tax %31%31%31%29%33%33%45%13%22%25%26%25%
Net Profit513541232286152024
EPS in Rs25.079.008.0122.575.613.183.0015.3110.6429.1038.2045.21
Dividend Payout %68%28%44%19%18%36%31%0%0%9%3%5%

DE Nora India Ltd Profit & Loss Yearly Chart

DE Nora India Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:18%
3 Years:13%
TTM:0%
Compounded Profit Growth
10 Years:15%
5 Years:64%
3 Years:49%
TTM:-6%
Stock Price CAGR
10 Years:29%
5 Years:51%
3 Years:73%
1 Year:-18%
Return on Equity
10 Years:14%
5 Years:17%
3 Years:20%
Last Year:17%

Last Updated: July 25, 2024, 4:51 am

DE Nora India Ltd Balance Sheet

Last Updated: July 10, 2024, 4:28 pm

MonthDec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5555555555555
Reserves212831344347474856627796102
Borrowings0000000010000
Other Liabilities1817129121211121313121414
Total Liabilities4450484960646365758094116122
Fixed Assets66777714121010788
CWIP1111270010124
Investments5158141920201454234240
Other Assets33283326322929406066626470
Total Assets4450484960646365758094116122

DE Nora India Ltd Reserves and Borrowings Chart

DE Nora India Ltd Cash Flow

MonthDec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 17-4101472-6-716121416
Cash from Investing Activity -117-8-12-3-2771-16-24-14
Cash from Financing Activity -5-4-3-1-3-1-11-1-1-1-1
Net Cash Flow1-1-111-21116-5-101

DE Nora India Ltd Financial Efficiency Indicators

MonthDec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days115521311397582646197795884
Inventory Days321124299229130198398516471273288397
Days Payable1994570678011426418283473791
Cash Conversion Cycle238132361302125166199396486305309391
Working Capital Days10234141144451448136224156132164
ROCE %28%65%21%16%41%9%6%4%18%12%28%30%

DE Nora India Ltd Financial Efficiency Indicators Chart

DE Nora India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters53.68%53.68%53.68%53.68%53.68%53.68%53.68%53.68%53.68%53.68%53.68%53.68%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.52%0.56%0.56%0.25%0.19%0.10%
DIIs0.00%0.00%0.00%0.00%0.19%0.00%0.00%0.00%0.00%0.00%0.22%0.22%
Public46.32%46.32%46.32%46.32%46.13%46.32%45.80%45.76%45.76%46.07%45.92%46.00%
No. of Shareholders7,9279,6958,2888,1848,5778,4948,8889,38311,05412,74814,61515,415

DE Nora India Ltd Shareholding Pattern Chart

No. of DE Nora India Ltd Shareholders

This stock is not held by any mutual fund

DE Nora India Ltd ROCE Trend

DE Nora India Ltd EPS Trend

DE Nora India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)35.8038.1929.1010.6415.31
Diluted EPS (Rs.)35.8038.1929.1010.6415.31
Cash EPS (Rs.)37.9640.7734.1315.5420.19
Book Value[Excl.RevalReserv]/Share (Rs.)225.46191.53154.24126.16115.53
Book Value[Incl.RevalReserv]/Share (Rs.)225.46191.53154.24126.16115.53
Dividend / Share (Rs.)2.002.001.001.000.00
Revenue From Operations / Share (Rs.)139.01138.60139.7195.2090.94
PBDIT / Share (Rs.)49.6753.7544.7919.1724.39
PBIT / Share (Rs.)47.5251.1739.7614.2719.50
PBT / Share (Rs.)47.5251.1539.4814.2719.50
Net Profit / Share (Rs.)35.8038.1929.1010.6315.31
PBDIT Margin (%)35.7338.7832.0520.1326.81
PBIT Margin (%)34.1836.9228.4514.9821.44
PBT Margin (%)34.1836.9028.2514.9821.44
Net Profit Margin (%)25.7527.5520.8311.1716.83
Return on Networth / Equity (%)15.8819.9418.868.4213.25
Return on Capital Employeed (%)21.0726.6125.7711.3016.85
Return On Assets (%)15.0017.5316.497.0910.80
Total Debt / Equity (X)0.000.000.000.000.01
Asset Turnover Ratio (%)0.600.700.850.650.68
Current Ratio (X)14.487.617.065.384.48
Quick Ratio (X)10.525.505.033.842.60
Inventory Turnover Ratio (X)0.721.021.271.150.96
Dividend Payout Ratio (NP) (%)0.002.613.430.000.00
Dividend Payout Ratio (CP) (%)0.002.452.920.000.00
Earning Retention Ratio (%)0.0097.3996.570.000.00
Cash Earning Retention Ratio (%)0.0097.5597.080.000.00
Interest Coverage Ratio (X)0.002194.98159.150.000.00
Interest Coverage Ratio (Post Tax) (X)0.001560.69104.420.000.00
Enterprise Value (Cr.)858.53434.79190.91103.3355.66
EV / Net Operating Revenue (X)11.635.912.572.041.15
EV / EBITDA (X)32.5615.248.0310.154.30
MarketCap / Net Operating Revenue (X)11.746.122.862.641.44
Retention Ratios (%)0.0097.3896.560.000.00
Price / BV (X)7.244.432.591.991.13
Price / Net Operating Revenue (X)11.746.122.862.641.44
EarningsYield0.020.040.070.040.11

DE Nora India Ltd Profitability Ratios (%)

DE Nora India Ltd Liquidity Ratios

DE Nora India Ltd Liquidity Ratios (%)

DE Nora India Ltd Interest Coverage Ratios (%)

DE Nora India Ltd Valuation Ratios

Fair Value

Fair Value: 1,720.17

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: 3.85% compared to the current price 1789

Intrinsic Value: 2,136.11

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: 19.40% compared to the current price 1789

Last 5 Year EPS CAGR: 24.18%

*Investments are subject to market risks

Strength and Weakness of DE Nora India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 23.17%, which is a positive sign.
  2. The company has higher reserves (56.92 cr) compared to borrowings (0.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (48.08 cr) and profit (12.62 cr) over the years.
  1. The stock has a high average Working Capital Days of 111.67, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 284.17, which may not be favorable.

FAQ

What is the latest fair value of DE Nora India Ltd?

The latest fair value of DE Nora India Ltd is ₹1720.17.

What is the Market Cap of DE Nora India Ltd?

The Market Cap of DE Nora India Ltd is 949 Cr..

What is the current Stock Price of DE Nora India Ltd as on 26 July 2024?

The current stock price of DE Nora India Ltd as on 26 July 2024 is 1,789.

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

In FY 2024, the High / Low of DE Nora India Ltd stocks is 2,170/1,293.

What is the Stock P/E of DE Nora India Ltd?

The Stock P/E of DE Nora India Ltd is 44.4.

What is the Book Value of DE Nora India Ltd?

The Book Value of DE Nora India Ltd is 225.

What is the Dividend Yield of DE Nora India Ltd?

The Dividend Yield of DE Nora India Ltd is 0.11 %.

What is the ROCE of DE Nora India Ltd?

The ROCE of DE Nora India Ltd is 22.8 %.

What is the ROE of DE Nora India Ltd?

The ROE of DE Nora India Ltd is 17.2 %.

What is the Face Value of DE Nora India Ltd?

The Face Value of DE Nora 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 DE Nora 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