Ducon Infratechnologies Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:37 am

Market Cap	254 Cr.
Current Price	7.82
High / Low	11.9/6.04
Stock P/E	41.9
Book Value	4.83
Dividend Yield	0.00 %
ROCE	7.80 %
ROE	4.33 %
Face Value	1.00
PEG Ratio	2.16

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Computer Point Ltd	21.7 Cr.	7.24	11.6/3.70		11.1	0.00 %	0.03 %	0.03 %	10.0
ACI Infocom Ltd	29.6 Cr.	2.68	3.67/1.31		1.48	0.00 %	1.07 %	0.53 %	1.00
TVS Electronics Ltd	755 Cr.	405	490/235		50.5	0.25 %	0.73 %	0.08 %	10.0
Panache Digilife Ltd	451 Cr.	296	296/64.4	86.4	40.8	0.00 %	12.8 %	13.2 %	10.0
HCL Infosystems Ltd	523 Cr.	15.9	26.7/13.6		8.53	0.00 %	28.0 %	%	2.00
Industry Average	1,370.33 Cr	523.34		69.23	68.92	0.24%	14.73%	17.51%	6.50

All Competitor Stocks of

Quarterly Result

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	102.09	100.51	5.14	28.08	30.17	61.48	64.35	77.39	88.73	81.96	65.57	78.79	89.12
Expenses	98.08	98.57	5.84	25.27	26.38	56.54	60.76	73.54	82.30	80.58	62.56	74.85	82.90
Operating Profit	4.01	1.94	-0.70	2.81	3.79	4.94	3.59	3.85	6.43	1.38	3.01	3.94	6.22
OPM %	3.93%	1.93%	-13.62%	10.01%	12.56%	8.04%	5.58%	4.97%	7.25%	1.68%	4.59%	5.00%	6.98%
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	2.84	2.80	1.82	2.51	2.26	2.94	2.54	2.77	3.28	1.29	2.29	2.94	2.00
Depreciation	0.13	-0.12	0.06	0.00	0.03	0.00	0.02	0.01	0.01	0.03	0.02	0.02	0.04
Profit before tax	1.04	-0.74	-2.58	0.30	1.50	2.00	1.03	1.07	3.14	0.06	0.70	0.98	4.18
Tax %	25.00%	20.27%	0.00%	-6.67%	-0.67%	20.50%	25.24%	28.04%	28.03%	-16.67%	28.57%	31.63%	27.99%
Net Profit	0.78	-0.59	-2.58	0.31	1.51	1.58	0.77	0.77	2.26	0.07	0.51	0.67	3.01
EPS in Rs	0.07	-0.03	-0.13	0.02	0.07	0.07	0.03	0.03	0.09	0.00	0.02	0.03	0.12

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

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	24	32	32	36	33	398	415	394	381	342	124	312	315
Expenses	22	30	30	34	30	383	405	376	369	329	114	297	301
Operating Profit	2	2	2	2	2	15	10	18	12	13	10	15	15
OPM %	7%	6%	6%	5%	7%	4%	3%	5%	3%	4%	8%	5%	5%
Other Income	0	0	0	0	0	1	1	1	1	1	0	1	0
Interest	1	1	1	1	1	7	7	10	11	12	10	10	9
Depreciation	1	1	1	1	1	1	1	1	0	0	0	0	0
Profit before tax	0	0	0	0	0	8	4	8	1	1	1	5	6
Tax %	25%	33%	41%	50%	16%	40%	34%	23%	23%	22%	31%	27%
Net Profit	0	0	0	0	0	5	2	6	1	0	1	4	4
EPS in Rs	0.02	0.02	0.01	0.01	0.05	0.53	0.27	0.55	0.07	0.02	0.04	0.15	0.17
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2022-2023
YoY Net Profit Growth (%)	-60.00%	200.00%	-83.33%	-100.00%	300.00%
Change in YoY Net Profit Growth (%)	0.00%	260.00%	-283.33%	-16.67%	400.00%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2017-2018 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	26%
5 Years:	-4%
3 Years:	-3%
TTM:	-6%

Compounded Profit Growth
10 Years:	48%
5 Years:	-4%
3 Years:	129%
TTM:	73%

Stock Price CAGR
10 Years:	12%
5 Years:	15%
3 Years:	-15%
1 Year:	-5%

Return on Equity
10 Years:	3%
5 Years:	2%
3 Years:	2%
Last Year:	4%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:43 pm

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	Sep 2024
Equity Capital	6	8	8	8	8	8	10	10	18	21	26	26	32
Reserves	18	18	18	18	62	64	68	69	128	126	93	88	124
Borrowings	7	7	7	7	83	93	109	123	65	82	95	103	102
Other Liabilities	2	5	5	2	88	92	84	74	64	50	54	65	73
Total Liabilities	33	37	38	35	241	257	272	276	275	279	267	282	332
Fixed Assets	4	4	3	3	3	2	1	1	0	0	0	0	0
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	5	5	5	5	5	5	5	5	5	5	5	5	5
Other Assets	24	29	30	27	234	250	266	270	270	274	262	277	327
Total Assets	33	37	38	35	241	257	272	276	275	279	267	282	332

Reserves and Borrowings Chart

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 +	3	-1	2	2	-9	-8	-6	4	-54	9	1	12
Cash from Investing Activity +	-1	-1	-1	-1	1	1	-0	-0	-0	-0	-0	-0
Cash from Financing Activity +	-1	1	-1	-1	19	7	5	-9	54	-9	-0	-12
Net Cash Flow	1	-1	0	-0	11	0	-1	-6	-0	-0	0	0

Free Cash Flow

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
Free Cash Flow	2.00	-5.00	-5.00	-5.00	-5.00	-68.00	-83.00	-91.00	-111.00	-52.00	-72.00	-80.00

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

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	82	130	143	133	183	190	217	240	266	742	278	292
Inventory Days	61	74	44	55	5	5	5	0	0	0	0	0
Days Payable	15	48	47	6	55	57	56
Cash Conversion Cycle	128	157	140	182	133	138	166	240	266	742	278	292
Working Capital Days	123	153	137	175	132	137	164	182	211	631	230	232
ROCE %	4%	4%	4%	4%	16%	7%	10%	6%	7%	5%	7%	8%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	70.23%	70.23%	74.09%	74.09%	62.55%	60.24%	60.24%	60.24%	59.66%	51.97%	51.97%	51.97%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.01%	0.04%
Public	29.77%	29.77%	25.91%	25.91%	37.45%	39.76%	39.75%	39.76%	40.31%	48.01%	48.03%	47.99%
No. of Shareholders	22,167	31,181	38,943	40,547	42,005	46,535	46,344	46,377	49,574	52,603	53,317	66,499

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	0.29	0.16	0.24	0.02
Diluted EPS (Rs.)	0.29	0.16	0.19	0.01
Cash EPS (Rs.)	0.34	0.20	0.27	0.03
Book Value[Excl.RevalReserv]/Share (Rs.)	4.63	4.71	7.30	8.25
Book Value[Incl.RevalReserv]/Share (Rs.)	4.63	4.71	7.30	8.25
Revenue From Operations / Share (Rs.)	16.11	15.22	18.69	19.35
PBDIT / Share (Rs.)	0.84	0.64	0.82	0.74
PBIT / Share (Rs.)	0.79	0.59	0.76	0.72
PBT / Share (Rs.)	0.41	0.21	0.30	0.03
Net Profit / Share (Rs.)	0.29	0.15	0.21	0.02
NP After MI And SOA / Share (Rs.)	0.29	0.15	0.21	0.02
PBDIT Margin (%)	5.24	4.22	4.40	3.84
PBIT Margin (%)	4.95	3.92	4.11	3.76
PBT Margin (%)	2.57	1.42	1.63	0.15
Net Profit Margin (%)	1.82	1.03	1.15	0.12
NP After MI And SOA Margin (%)	1.82	1.03	1.15	0.12
Return on Networth / Equity (%)	6.33	3.34	2.95	0.28
Return on Capital Employeed (%)	15.40	11.17	10.01	8.38
Return On Assets (%)	2.61	1.48	1.47	0.15
Long Term Debt / Equity (X)	0.05	0.07	0.00	0.00
Total Debt / Equity (X)	0.85	0.77	0.54	0.44
Asset Turnover Ratio (%)	1.48	1.37	0.44	0.00
Current Ratio (X)	1.74	1.88	1.97	2.15
Quick Ratio (X)	1.74	1.88	1.97	2.15
Interest Coverage Ratio (X)	2.21	1.69	1.78	1.06
Interest Coverage Ratio (Post Tax) (X)	1.77	1.41	1.46	1.03
Enterprise Value (Cr.)	277.76	229.61	517.37	165.13
EV / Net Operating Revenue (X)	0.66	0.58	1.35	0.48
EV / EBITDA (X)	12.64	13.74	30.52	12.57
MarketCap / Net Operating Revenue (X)	0.44	0.36	1.15	0.31
Price / BV (X)	1.54	1.19	2.95	0.73
Price / Net Operating Revenue (X)	0.44	0.36	1.15	0.31
EarningsYield	0.04	0.02	0.01	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 8.94

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 December 21, 2024, is Undervalued by 14.32% compared to the current share price 7.82

Intrinsic Value of as of December 21, 2024 is: 10.68

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 December 21, 2024, is Undervalued by 36.57% compared to the current share price 7.82

Last 5 Year EPS CAGR: 19.42%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 0.72 and average Dividend Yield of 4.19%. The company has higher reserves (68.77 cr) compared to borrowings (67.92 cr), indicating strong financial stability. The company has shown consistent growth in sales (218.31 cr) and profit (2.62 cr) over the years.	The stock has a low average ROCE of 6.83%, which may not be favorable. The stock has a high average Working Capital Days of 208.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 238.50, which may not be favorable.

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 :
1. Net Profit Margin: 1.82%
  - 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: 15.4% (Industry Average ROCE: 14.73%)
  - 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%: 6.33% (Industry Average ROE: 17.51%)
  - 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): 1.77
  - 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: 1.74
  - 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: 41.9 (Industry average Stock P/E: 69.23)
  - 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: 0.85
  - 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

Ducon Infratechnologies Ltd. is a Public Limited Listed company incorporated on 02/04/2009 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L72900MH2009PLC191412 and registration number is 191412. Currently Company is involved in the business activities of Installation of industrial machinery and equipment. Company’s Total Operating Revenue is Rs. 124.48 Cr. and Equity Capital is Rs. 20.57 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
IT Networking Equipment	Ducon House, Plot No. A/4, Thane Maharashtra 400604	cs@duconinfra.co.in http://www.duconinfra.co.in

Management
Name	Position Held
Mr. Arun Govil	Managing Director
Mr. Harish Shetty	Executive Director & CFO
Mr. Chandrasekhar Ganesan	Executive Director
Mr. Ratna Jhaveri	Independent Director
Mr. Prakash Vaghela	Independent Director
Mr. Jinesh Shah	Independent Director
Ms. Apeksha Agiwal	Independent Director
Mr. Maruti Deore	Non Independent Director

FAQ

What is the latest intrinsic value of Ducon Infratechnologies Ltd?

The latest intrinsic value of Ducon Infratechnologies Ltd as on 20 December 2024 is ₹8.94, which is 14.32% higher than the current market price of ₹7.82. The stock has a market capitalization of 254 Cr. and recorded a high/low of 11.9/6.04 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹124 Cr and total liabilities of ₹332 Cr.

What is the Market Cap of Ducon Infratechnologies Ltd?

The Market Cap of Ducon Infratechnologies Ltd is 254 Cr..

What is the current Stock Price of Ducon Infratechnologies Ltd as on 20 December 2024?

The current stock price of Ducon Infratechnologies Ltd as on 20 December 2024 is 7.82.

What is the High / Low of Ducon Infratechnologies Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Ducon Infratechnologies Ltd stocks is 11.9/6.04.

What is the Stock P/E of Ducon Infratechnologies Ltd?

The Stock P/E of Ducon Infratechnologies Ltd is 41.9.

What is the Book Value of Ducon Infratechnologies Ltd?

The Book Value of Ducon Infratechnologies Ltd is 4.83.

What is the Dividend Yield of Ducon Infratechnologies Ltd?

The Dividend Yield of Ducon Infratechnologies Ltd is 0.00 %.

What is the ROCE of Ducon Infratechnologies Ltd?

The ROCE of Ducon Infratechnologies Ltd is 7.80 %.

What is the ROE of Ducon Infratechnologies Ltd?

The ROE of Ducon Infratechnologies Ltd is 4.33 %.

What is the Face Value of Ducon Infratechnologies Ltd?

The Face Value of Ducon Infratechnologies Ltd is 1.00.

Share Price and Basic Stock Data

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

Competitors of

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of Ducon Infratechnologies Ltd?

What is the Market Cap of Ducon Infratechnologies Ltd?

What is the current Stock Price of Ducon Infratechnologies Ltd as on 20 December 2024?

What is the High / Low of Ducon Infratechnologies Ltd stocks in FY 2024-2025?

What is the Stock P/E of Ducon Infratechnologies Ltd?

What is the Book Value of Ducon Infratechnologies Ltd?

What is the Dividend Yield of Ducon Infratechnologies Ltd?

What is the ROCE of Ducon Infratechnologies Ltd?

What is the ROE of Ducon Infratechnologies Ltd?

What is the Face Value of Ducon Infratechnologies Ltd?

About the Author

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