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Last Updated on: 22 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 523329 | NSE: ELDEHSG

Fundamental Analysis of Eldeco Housing & Industries Ltd

Share Price and Basic Stock Data

Last Updated: July 22, 2024, 10:02 pm

Market Cap 916 Cr.
Current Price 941
High / Low1,175/630
Stock P/E27.1
Book Value 377
Dividend Yield0.85 %
ROCE12.0 %
ROE9.47 %
Face Value 2.00
PEG Ratio-9.22

Data Source: screener.in

Competitors of Eldeco Housing & Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Elpro International Ltd 1,627 Cr. 96.0114/54.519.0 94.80.62 %7.86 %5.96 % 1.00
Eldeco Housing & Industries Ltd 916 Cr. 9411,175/63027.1 3770.85 %12.0 %9.47 % 2.00
EFC (I) Ltd 2,612 Cr. 525618/19445.0 85.70.00 %18.8 %23.3 % 2.00
Digidrive Distributors Ltd 124 Cr. 32.3125/30.830.4 58.60.00 %3.53 %2.52 % 10.0
Diggi Multitrade Ltd 23.2 Cr. 24.032.5/17.3 10.70.00 %2.83 %2.74 % 10.0
Industry Average28,124.46 Cr649.5055.30142.340.24%9.64%8.02%5.73

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales40154043292833303925172249
Expenses25101826131623182117101234
Operating Profit1652217161110121887915
OPM %39%34%54%40%54%41%29%41%47%31%44%43%30%
Other Income4113533333232
Interest0000100110012
Depreciation0000000000000
Profit before tax196222020141214211091115
Tax %27%25%25%25%27%25%26%26%28%26%26%25%24%
Net Profit145171515109101586812
EPS in Rs14.284.7617.0715.1814.7710.269.0410.6715.157.766.538.2611.90

Last Updated: July 11, 2024, 8:30 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 9:52 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales966954141169108168128159127129113
Expenses845047113134741178193677873
Operating Profit11197283534514766605139
OPM %12%27%14%20%21%32%30%37%42%47%40%35%
Other Income855855678101210
Interest232532211123
Depreciation001110011111
Profit before tax172010303737545373686045
Tax %42%35%35%34%36%31%29%25%26%26%26%25%
Net Profit10146202425383954514434
EPS in Rs9.7014.646.6020.9223.2124.7437.3839.9855.3351.6645.1234.44
Dividend Payout %17%3%6%10%11%10%9%9%15%16%18%23%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)40.00%-57.14%233.33%20.00%4.17%52.00%2.63%38.46%-5.56%-13.73%-22.73%
Change in YoY Net Profit Growth (%)0.00%-97.14%290.48%-213.33%-15.83%47.83%-49.37%35.83%-44.02%-8.17%-9.00%

Growth

Compounded Sales Growth
10 Years:5%
5 Years:-8%
3 Years:-11%
TTM:-13%
Compounded Profit Growth
10 Years:9%
5 Years:-2%
3 Years:-15%
TTM:-24%
Stock Price CAGR
10 Years:35%
5 Years:19%
3 Years:16%
1 Year:32%
Return on Equity
10 Years:17%
5 Years:16%
3 Years:13%
Last Year:9%

Last Updated: July 16, 2024, 5:20 pm

Balance Sheet

Last Updated: July 10, 2024, 9:52 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital222222222222
Reserves627686104122146178209263306343369
Borrowings117653320433384
Other Liabilities160165181232271242258240194205210238
Total Liabilities236250275392398392439455463516557692
Fixed Assets55761413131818181918
CWIP000000000000
Investments143200000000
Other Assets229242265384384379426436444497538674
Total Assets236250275392398392439455463516557692

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -571-559153819371715-112
Cash from Investing Activity 11-131222145658
Cash from Financing Activity -4-5-3-8-56-3-7-9-1-9-1070
Net Cash Flow211-16143213411310-33

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow0.0012.001.00-25.0032.0032.0051.0043.0063.0057.0048.00-45.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days130132159699715475421818811
Inventory Days3,1455,0741,5493,230
Days Payable196623161151
Cash Conversion Cycle1301321593,0184,54815475421,4071883,090
Working Capital Days23160297158136307180280146245365815
ROCE %26%29%13%27%28%28%33%27%31%24%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters54.83%54.83%54.83%54.83%54.83%54.83%54.83%54.83%54.83%54.83%54.83%54.83%
FIIs0.00%0.00%0.00%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.17%0.48%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.11%0.18%0.18%0.27%
Public45.17%45.17%45.17%45.16%45.16%45.16%45.16%45.15%45.05%44.98%44.83%44.43%
No. of Shareholders2,7313,1253,3024,8315,0075,6555,3405,1205,0484,9254,7024,325

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
FaceValue2.002.002.0010.0010.00
Basic EPS (Rs.)34.4345.1251.66275.70199.22
Diluted EPS (Rs.)34.4345.1251.66275.70199.22
Cash EPS (Rs.)35.2545.8152.35278.81202.50
Book Value[Excl.RevalReserv]/Share (Rs.)376.87350.38313.201347.511071.43
Book Value[Incl.RevalReserv]/Share (Rs.)376.87350.38313.201347.511071.43
Revenue From Operations / Share (Rs.)114.62131.33129.03810.66653.55
PBDIT / Share (Rs.)49.8263.7371.13378.90275.02
PBIT / Share (Rs.)49.0163.0470.45375.78271.75
PBT / Share (Rs.)46.0561.3569.42371.31267.16
Net Profit / Share (Rs.)34.4345.1251.66275.70199.22
NP After MI And SOA / Share (Rs.)34.4345.1251.66275.70199.22
PBDIT Margin (%)43.4648.5255.1346.7342.08
PBIT Margin (%)42.7648.0054.6046.3541.58
PBT Margin (%)40.1746.7153.7945.8040.87
Net Profit Margin (%)30.0434.3540.0334.0030.48
NP After MI And SOA Margin (%)30.0434.3540.0334.0030.48
Return on Networth / Equity (%)9.1312.8716.4920.4518.59
Return on Capital Employeed (%)10.5517.7721.8427.3124.78
Return On Assets (%)4.897.969.8511.718.61
Long Term Debt / Equity (X)0.220.000.000.000.01
Total Debt / Equity (X)0.220.000.000.000.01
Asset Turnover Ratio (%)0.180.240.210.320.22
Current Ratio (X)2.562.302.242.291.80
Quick Ratio (X)0.701.051.201.320.80
Inventory Turnover Ratio (X)0.640.000.000.000.00
Dividend Payout Ratio (NP) (%)0.0017.7315.480.0017.56
Dividend Payout Ratio (CP) (%)0.0017.4615.280.0017.28
Earning Retention Ratio (%)0.0082.2784.520.0082.44
Cash Earning Retention Ratio (%)0.0082.5484.720.0082.72
Interest Coverage Ratio (X)16.8337.6668.7884.7659.94
Interest Coverage Ratio (Post Tax) (X)12.6327.6650.9662.6744.42
Enterprise Value (Cr.)748.57421.68572.75228.8754.83
EV / Net Operating Revenue (X)6.643.274.511.440.42
EV / EBITDA (X)15.286.738.193.071.01
MarketCap / Net Operating Revenue (X)6.954.375.772.341.13
Retention Ratios (%)0.0082.2684.510.0082.43
Price / BV (X)2.111.642.381.410.69
Price / Net Operating Revenue (X)6.954.375.772.341.13
EarningsYield0.040.070.060.140.26

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 975.75

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: 3.69% compared to the current price 941

Intrinsic Value: 947.07

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: 0.64% compared to the current price 941

Last 5 Year EPS CAGR: -2.94%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 23.75%, which is a positive sign.
  2. The company has higher reserves (188.67 cr) compared to borrowings (14.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (121.75 cr) and profit (42.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 259.33, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 60.75, 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 Eldeco Housing & Industries Ltd:
    1. Net Profit Margin: 30.04%
      • 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: 10.55% (Industry Average ROCE: 9.64%)
      • 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%: 9.13% (Industry Average ROE: 8.02%)
      • 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): 12.63
      • 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: 0.70
      • 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: 27.1 (Industry average Stock P/E: 55.09)
      • 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: 0.22
      • 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

Eldeco Housing & Industries Ltd. is a Public Limited Listed company incorporated on 06/03/1985 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L45202UP1985PLC099376 and registration number is 044265. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs. 99.71 Cr. and Equity Capital is Rs. 1.97 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RealtyEldeco Corporate Chamber-1, 2nd Floor, Lucknow Uttar Pradesh 226010shareholdercomplaint@eldecohousing.co.in
http://www.eldecogroup.com
Management
NamePosition Held
Mr. Pankaj BajajChairman & Managing Director
Mr. Shrikant JajodiaNon Executive Director
Mr. Ashish JainInd. Non-Executive Director
Mr. Ranjit KhattarInd. Non-Executive Director
Mr. Anil TiwariInd. Non-Executive Director
Ms. Rupali ChopraInd. Non-Executive Director

FAQ

What is the latest fair value of Eldeco Housing & Industries Ltd?

The latest fair value of Eldeco Housing & Industries Ltd is ₹975.75.

What is the Market Cap of Eldeco Housing & Industries Ltd?

The Market Cap of Eldeco Housing & Industries Ltd is 916 Cr..

What is the current Stock Price of Eldeco Housing & Industries Ltd as on 22 July 2024?

The current stock price of Eldeco Housing & Industries Ltd as on 22 July 2024 is 941.

What is the High / Low of Eldeco Housing & Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Eldeco Housing & Industries Ltd stocks is 1,175/630.

What is the Stock P/E of Eldeco Housing & Industries Ltd?

The Stock P/E of Eldeco Housing & Industries Ltd is 27.1.

What is the Book Value of Eldeco Housing & Industries Ltd?

The Book Value of Eldeco Housing & Industries Ltd is 377.

What is the Dividend Yield of Eldeco Housing & Industries Ltd?

The Dividend Yield of Eldeco Housing & Industries Ltd is 0.85 %.

What is the ROCE of Eldeco Housing & Industries Ltd?

The ROCE of Eldeco Housing & Industries Ltd is 12.0 %.

What is the ROE of Eldeco Housing & Industries Ltd?

The ROE of Eldeco Housing & Industries Ltd is 9.47 %.

What is the Face Value of Eldeco Housing & Industries Ltd?

The Face Value of Eldeco Housing & Industries Ltd is 2.00.

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 Eldeco Housing & Industries 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