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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: 500068 | NSE: DISAQ

Disa India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 5:28 pm

Market Cap 2,626 Cr.
Current Price 18,057
High / Low20,900/12,652
Stock P/E56.4
Book Value 1,780
Dividend Yield1.11 %
ROCE25.9 %
ROE19.2 %
Face Value 10.0
PEG Ratio4.73

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

View Share Price Target for Disa India Ltd

Competitors of Disa India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HLE Glascoat Ltd 2,548 Cr. 373582/35085.3 63.20.29 %13.1 %8.62 % 2.00
Harish Textile Engineers Ltd 30.4 Cr. 91.3102/42.7 27.80.00 %10.8 %2.98 % 10.0
Disa India Ltd 2,626 Cr. 18,05720,900/12,65256.4 1,7801.11 %25.9 %19.2 % 10.0
Cranex Ltd 86.2 Cr. 144190/47.045.9 19.50.00 %10.1 %14.9 % 10.0
Concord Control Systems Ltd 1,037 Cr. 1,7342,062/53868.8 91.10.00 %72.8 %60.3 % 10.0
Industry Average12,595.17 Cr1,938.6558.75259.200.26%20.32%16.23%5.59

All Competitor Stocks of Disa India Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales39697673646953769180619696
Expenses34546556555751647269568179
Operating Profit5151016912212191151617
OPM %12%21%14%22%14%17%4%16%20%14%8%16%18%
Other Income2332223341445
Interest0000000000000
Depreciation1111111111111
Profit before tax61612171013314211181821
Tax %26%26%26%25%26%26%28%26%25%25%26%26%26%
Net Profit41291371021016861315
EPS in Rs29.9883.8362.5189.0551.0266.5716.0971.04107.6957.1439.5490.50104.46

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales143165205252233185256262329334
Expenses130150182215197158210227278285
Operating Profit13152337362746355049
OPM %9%9%11%15%16%15%18%13%15%15%
Other Income75578910111314
Interest0000001111
Depreciation3222444555
Profit before tax17182641403252405857
Tax %36%38%36%30%26%25%26%26%26%
Net Profit11111729302439304342
EPS in Rs70.1977.64114.84196.74203.41166.07265.37204.72294.87291.64
Dividend Payout %4%3%2%1%1%6%60%54%68%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)0.00%54.55%70.59%3.45%-20.00%62.50%-23.08%43.33%
Change in YoY Net Profit Growth (%)0.00%54.55%16.04%-67.14%-23.45%82.50%-85.58%66.41%

Disa India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:21%
TTM:13%
Compounded Profit Growth
10 Years:%
5 Years:9%
3 Years:23%
TTM:21%
Stock Price CAGR
10 Years:18%
5 Years:30%
3 Years:49%
1 Year:38%
Return on Equity
10 Years:%
5 Years:17%
3 Years:18%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:38 pm

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital2111111111
Reserves10791108136165189205218244257
Borrowings0000064321
Other Liabilities555078886781127133172178
Total Liabilities163143187225234277337355420439
Fixed Assets24232222232636484645
CWIP0000004010
Investments0000000000
Other Assets139121165203210251297307373393
Total Assets163143187225234277337355420439

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +14132416968183956
Cash from Investing Activity +-1315-20-12-5-78-194-38
Cash from Financing Activity +-0-28-1-113-4-39-18
Net Cash Flow1-1446-6-540

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow13.0015.0023.0037.0036.0021.0042.0032.0048.00

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 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days292226303140526634
Inventory Days183140143164163102134130159
Days Payable85811007756809910387
Cash Conversion Cycle1278169118138628793106
Working Capital Days423131745-34-41-28-43
ROCE %18%26%33%27%18%26%19%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%
FIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
DIIs8.80%8.67%8.32%8.76%8.76%7.96%8.02%8.02%8.02%8.02%8.01%8.06%
Public16.36%16.49%16.84%16.40%16.40%17.19%17.14%17.14%17.14%17.14%17.15%17.11%
No. of Shareholders4,2024,5154,5894,3714,2384,0503,9614,1764,0704,0654,1264,202

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Contra Fund114,7110.58175.866162024-11-1218521.92%
LIC MF Flexi Cap Fund1,2420.191.96162024-11-12101.62%
LIC MF Infrastructure Fund6160.280.946162024-11-120%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)294.87204.72265.37166.07203.41
Diluted EPS (Rs.)294.87204.72265.37166.07203.41
Cash EPS (Rs.)328.41236.41291.31194.41230.00
Book Value[Excl.RevalReserv]/Share (Rs.)1695.931513.381420.691314.071147.86
Book Value[Incl.RevalReserv]/Share (Rs.)1695.931513.381420.691314.071147.86
Revenue From Operations / Share (Rs.)2265.861806.211766.001276.281608.96
PBDIT / Share (Rs.)453.10312.90388.34253.66304.14
PBIT / Share (Rs.)420.41281.79363.17225.79278.14
PBT / Share (Rs.)397.93277.45357.79223.10275.17
Net Profit / Share (Rs.)295.72205.31266.14166.55204.00
NP After MI And SOA / Share (Rs.)295.72205.31266.14166.55204.00
PBDIT Margin (%)19.9917.3221.9919.8718.90
PBIT Margin (%)18.5515.6020.5617.6917.28
PBT Margin (%)17.5615.3620.2617.4817.10
Net Profit Margin (%)13.0511.3615.0713.0412.67
NP After MI And SOA Margin (%)13.0511.3615.0713.0412.67
Return on Networth / Equity (%)17.4313.5618.7312.6717.77
Return on Capital Employeed (%)24.6918.4425.1816.7323.96
Return On Assets (%)10.218.3711.458.7112.65
Asset Turnover Ratio (%)0.840.730.810.700.98
Current Ratio (X)2.112.212.302.903.15
Quick Ratio (X)1.621.821.902.542.29
Inventory Turnover Ratio (X)2.662.283.191.551.67
Dividend Payout Ratio (NP) (%)37.2953.7160.271.491.21
Dividend Payout Ratio (CP) (%)33.5746.6455.061.271.07
Earning Retention Ratio (%)62.7146.2939.7398.5198.79
Cash Earning Retention Ratio (%)66.4353.3644.9498.7398.93
Interest Coverage Ratio (X)92.5472.0272.1994.31102.56
Interest Coverage Ratio (Post Tax) (X)64.9948.2550.4762.9269.79
Enterprise Value (Cr.)1774.28966.07711.22506.72378.29
EV / Net Operating Revenue (X)5.403.692.782.741.62
EV / EBITDA (X)27.0121.2912.6313.788.58
MarketCap / Net Operating Revenue (X)6.114.393.533.672.10
Retention Ratios (%)62.7046.2839.7298.5098.78
Price / BV (X)8.165.244.393.562.94
Price / Net Operating Revenue (X)6.114.393.533.672.10
EarningsYield0.020.020.040.030.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Disa India Ltd as of November 18, 2024 is: 19,489.22

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, Disa India Ltd is Undervalued by 7.93% compared to the current share price 18,057.00

Intrinsic Value of Disa India Ltd as of November 18, 2024 is: 21,812.51

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, Disa India Ltd is Undervalued by 20.80% compared to the current share price 18,057.00

Last 5 Year EPS CAGR: 11.92%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 21.44%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -0.89, which is a positive sign.
  3. The company has higher reserves (172.00 cr) compared to borrowings (1.60 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (236.40 cr) and profit (38.10 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 97.89, 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 Disa India Ltd:
    1. Net Profit Margin: 13.05%
      • 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: 24.69% (Industry Average ROCE: 20.32%)
      • 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%: 17.43% (Industry Average ROE: 16.23%)
      • 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): 64.99
      • 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: 1.62
      • 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: 56.4 (Industry average Stock P/E: 58.75)
      • 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
      • 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

Disa India Ltd. is a Public Limited Listed company incorporated on 25/05/1984 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L85110KA1984PLC006116 and registration number is 006116. Currently Company is involved in the business activities of Manufacture of machinery for metallurgy. Company’s Total Operating Revenue is Rs. 247.67 Cr. and Equity Capital is Rs. 1.45 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - HeavyWorld Trade Center (WTC), 6th Floor, Unit No. S-604, Bengaluru Karnataka 560055investor.relations@noricangroup.com
http://www.disagroup.com
Management
NamePosition Held
Ms. Deepa Agar HingoraniChairperson
Mr. Lokesh SaxenaManaging Director
Mr. Anders WilhjelmDirector
Mr. Michael Declan GuerinDirector
Ms. Ulla Hartvig Plathe TonnesenDirector
Mr. Bhagya Chandra RaoIndependent Director

FAQ

What is the latest intrinsic value of Disa India Ltd?

The latest intrinsic value of Disa India Ltd as on 17 November 2024 is ₹19489.22, which is 7.93% higher than the current market price of ₹18,057.00.

What is the Market Cap of Disa India Ltd?

The Market Cap of Disa India Ltd is 2,626 Cr..

What is the current Stock Price of Disa India Ltd as on 17 November 2024?

The current stock price of Disa India Ltd as on 17 November 2024 is ₹18,057.

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

In FY 2024, the High / Low of Disa India Ltd stocks is 20,900/12,652.

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

The Stock P/E of Disa India Ltd is 56.4.

What is the Book Value of Disa India Ltd?

The Book Value of Disa India Ltd is 1,780.

What is the Dividend Yield of Disa India Ltd?

The Dividend Yield of Disa India Ltd is 1.11 %.

What is the ROCE of Disa India Ltd?

The ROCE of Disa India Ltd is 25.9 %.

What is the ROE of Disa India Ltd?

The ROE of Disa India Ltd is 19.2 %.

What is the Face Value of Disa India Ltd?

The Face Value of Disa 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 Disa 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