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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 504000 | NSE: ELPROINTL

Fundamental Analysis of Elpro International Ltd

Share Price and Basic Stock Data

Last Updated: July 25, 2024, 10:00 pm

Market Cap 1,695 Cr.
Current Price 100
High / Low114/54.5
Stock P/E19.8
Book Value 94.8
Dividend Yield0.60 %
ROCE7.86 %
ROE5.96 %
Face Value 1.00
PEG Ratio0.45

Data Source: screener.in

Competitors of Elpro International Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Elpro International Ltd 1,695 Cr. 100114/54.519.8 94.80.60 %7.86 %5.96 % 1.00
Eldeco Housing & Industries Ltd 909 Cr. 9261,175/63026.8 3770.86 %12.0 %9.47 % 2.00
EFC (I) Ltd 2,549 Cr. 512618/19444.0 85.70.00 %18.8 %23.3 % 2.00
Digidrive Distributors Ltd 128 Cr. 33.3125/30.831.6 58.60.00 %3.53 %2.52 % 10.0
Diggi Multitrade Ltd 23.5 Cr. 24.232.5/17.3 10.70.00 %2.83 %2.74 % 10.0
Industry Average27,603.69 Cr693.7853.65161.150.25%9.92%8.27%5.80

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales211316202324243243523556113
Expenses1421611171413183317161898
Operating Profit7-711961011141034193915
OPM %32%-56%64%47%25%41%47%44%23%67%54%69%13%
Other Income71551,27110126215223
Interest66666111234710
Depreciation1111111111111
Profit before tax7-14971,269182218931193226
Tax %-40%-3%9%8%17%11%13%24%104%36%2%26%7%
Net Profit10-14871,056161914-020182424
EPS in Rs0.60-0.820.490.3962.290.951.100.80-0.021.151.081.401.42

Last Updated: July 11, 2024, 8:14 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 25, 2024, 8:04 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales342837455158411106372123257
Expenses2018213029233678334678149
Operating Profit141016152334631302745107
OPM %43%36%43%33%44%60%14%29%48%37%37%42%
Other Income4000141913714161,2733030
Interest11141819303425272523525
Depreciation111011124555
Profit before tax6-4-2-461911616181,27266107
Tax %-6%-0%-3%-2%-2%0%14%15%-12%17%27%20%
Net Profit6-4-2-461810014201,0574885
EPS in Rs0.36-0.25-0.13-0.220.351.095.900.821.1662.352.835.04
Dividend Payout %0%0%0%0%0%0%0%0%0%0%8%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-166.67%50.00%-100.00%250.00%200.00%455.56%-86.00%42.86%5185.00%-95.46%77.08%
Change in YoY Net Profit Growth (%)0.00%216.67%-150.00%350.00%-50.00%255.56%-541.56%128.86%5142.14%-5280.46%172.54%

Growth

Compounded Sales Growth
10 Years:25%
5 Years:44%
3 Years:60%
TTM:108%
Compounded Profit Growth
10 Years:37%
5 Years:96%
3 Years:63%
TTM:131%
Stock Price CAGR
10 Years:20%
5 Years:13%
3 Years:23%
1 Year:58%
Return on Equity
10 Years:%
5 Years:6%
3 Years:6%
Last Year:6%

Last Updated: July 25, 2024, 4:30 pm

Balance Sheet

Last Updated: July 11, 2024, 8:14 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital555141414171717171717
Reserves174169167154-13-201231181541,2151,2471,590
Preference Capital444405928101200
Borrowings9211012615120520413722120956128365
Other Liabilities10810710911164118153857992122154
Total Liabilities3783914064292703164304414591,3801,5132,127
Fixed Assets11999103136176199196193418456
CWIP53738510500000000
Investments2692692692691331511601741931,0771,0121,578
Other Assets4540434734299468701108393
Total Assets3783914064292703164304414591,3801,5132,127

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -83139203157-762516-162-136141
Cash from Investing Activity -17-17-16-22-12-68100-822038734-345
Cash from Financing Activity 103267-2312-2457-33-18560202
Net Cash Flow3-2-15-42-10340-42-1

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-82.00-104.00-114.00-140.00-182.00-230.00-159.00-199.00-190.00-29.00-83.00-258.00

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 Days593759393016261270625410
Inventory Days4,4204,3203,3106615,976324
Days Payable7337217341,3132,06577878
Cash Conversion Cycle3,7453,6362,6353930-6363,937127062-692-64
Working Capital Days-427-601-356-383-222-248-530-92-75-47-38179
ROCE %6%3%5%5%13%22%8%13%11%14%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%75.00%75.00%75.00%
FIIs14.13%13.81%13.81%13.80%13.68%13.68%13.07%12.42%12.03%11.33%11.22%11.22%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public10.87%11.19%11.19%11.20%11.33%11.32%11.93%12.57%12.97%13.66%13.76%13.77%
No. of Shareholders4,4635,5155,4946,4409,2369,7309,5579,4369,4788,9659,27810,259

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
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)5.042.8362.350.410.82
Diluted EPS (Rs.)5.042.8362.350.410.82
Cash EPS (Rs.)5.343.1163.120.650.42
Book Value[Excl.RevalReserv]/Share (Rs.)94.8574.5672.6910.107.96
Book Value[Incl.RevalReserv]/Share (Rs.)94.8574.5672.6910.107.96
Revenue From Operations / Share (Rs.)15.147.264.273.736.48
PBDIT / Share (Rs.)8.104.4577.161.992.13
PBIT / Share (Rs.)7.794.1676.881.741.99
PBT / Share (Rs.)6.303.8975.540.290.41
Net Profit / Share (Rs.)5.032.8262.830.410.28
NP After MI And SOA / Share (Rs.)5.042.8362.350.410.28
PBDIT Margin (%)53.5161.231805.8753.3132.89
PBIT Margin (%)51.4357.251799.1646.7530.65
PBT Margin (%)41.6153.511767.817.836.37
Net Profit Margin (%)33.2338.851470.5411.124.32
NP After MI And SOA Margin (%)33.3238.941459.2111.124.32
Return on Networth / Equity (%)5.313.7985.774.103.51
Return on Capital Employeed (%)7.005.35101.877.749.45
Return On Assets (%)4.013.1676.571.521.07
Long Term Debt / Equity (X)0.110.000.001.111.46
Total Debt / Equity (X)0.220.100.041.171.59
Asset Turnover Ratio (%)0.140.080.070.130.23
Current Ratio (X)0.791.188.650.510.48
Quick Ratio (X)0.781.178.640.500.47
Inventory Turnover Ratio (X)2.512.283.252.590.10
Interest Coverage Ratio (X)5.4516.4057.611.371.36
Interest Coverage Ratio (Post Tax) (X)4.3911.4147.911.291.18
Enterprise Value (Cr.)1743.791141.021032.99896.24768.57
EV / Net Operating Revenue (X)6.809.2714.2614.197.00
EV / EBITDA (X)12.7015.140.7826.6221.28
MarketCap / Net Operating Revenue (X)5.398.2614.1111.115.06
Price / BV (X)0.860.800.824.104.12
Price / Net Operating Revenue (X)5.398.2614.1111.115.06
EarningsYield0.060.041.030.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 112.54

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: 12.54% compared to the current price 100

Intrinsic Value: 161.82

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: 61.82% compared to the current price 100

Last 5 Year EPS CAGR: 43.79%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -236.67, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -97.33, which is a positive sign.
  3. The company has higher reserves (423.17 cr) compared to borrowings (177.33 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (76.58 cr) and profit (28.75 cr) over the years.
  1. The stock has a low average ROCE of 8.67%, 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 Elpro International Ltd:
    1. Net Profit Margin: 33.23%
      • 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: 7.00% (Industry Average ROCE: 9.92%)
      • 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%: 5.31% (Industry Average ROE: 8.27%)
      • 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): 4.39
      • 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: 0.78
      • 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: 19.8 (Industry average Stock P/E: 53.65)
      • 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

Elpro International Ltd. is a Public Limited Listed company incorporated on 27/07/1962 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51505MH1962PLC012425 and registration number is 012425. Currently Company is involved in the business activities of Manufacture of furniture. Company’s Total Operating Revenue is Rs. 72.42 Cr. and Equity Capital is Rs. 16.95 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RealtyNirmal, 17th Floor, Nariman Point, Mumbai Maharashtra 400021ir@elpro.co.in
http://www.elpro.co.in
Management
NamePosition Held
Mr. Deepak KumarChairman & Managing Director
Mr. Surbhit DabriwalaNon Exe.Non Ind.Director
Mr. Narayan T AtalNon Exe. & Ind. Director
Mr. Sunil KhandelwalNon Exe.Non Ind.Director
Mr. Naresh AgarwalInd.& Non Exe.Director
Mrs. Shruti BahetyInd.& Non Exe.Director

FAQ

What is the latest fair value of Elpro International Ltd?

The latest fair value of Elpro International Ltd is ₹112.54.

What is the Market Cap of Elpro International Ltd?

The Market Cap of Elpro International Ltd is 1,695 Cr..

What is the current Stock Price of Elpro International Ltd as on 25 July 2024?

The current stock price of Elpro International Ltd as on 25 July 2024 is 100.

What is the High / Low of Elpro International Ltd stocks in FY 2024?

In FY 2024, the High / Low of Elpro International Ltd stocks is 114/54.5.

What is the Stock P/E of Elpro International Ltd?

The Stock P/E of Elpro International Ltd is 19.8.

What is the Book Value of Elpro International Ltd?

The Book Value of Elpro International Ltd is 94.8.

What is the Dividend Yield of Elpro International Ltd?

The Dividend Yield of Elpro International Ltd is 0.60 %.

What is the ROCE of Elpro International Ltd?

The ROCE of Elpro International Ltd is 7.86 %.

What is the ROE of Elpro International Ltd?

The ROE of Elpro International Ltd is 5.96 %.

What is the Face Value of Elpro International Ltd?

The Face Value of Elpro International Ltd is 1.00.

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 Elpro International 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