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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Emami Realty Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 11, 2024, 12:46 pm

Market Cap 366 Cr.
Current Price 96.8
High / Low152/79.4
Stock P/E
Book Value 9.43
Dividend Yield0.00 %
ROCE3.86 %
ROE461 %
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for Emami Realty Ltd

Competitors of Emami Realty Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Emami Realty Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales5395447436444314132613724
Expenses21853831283435151661221837
Operating Profit3210542897-0-3-34-9-11-13
OPM %60%10%12%57%21%22%17%-1%-22%-130%-71%-167%-53%
Other Income-11-41111131011-15195615
Interest483164119151617179142329
Depreciation0000000000000
Profit before tax-272112142-18-14-24-19-29-27
Tax %26%309%29%24%4%-21%23%23%25%26%25%26%38%
Net Profit-20-519141-14-11-15-14-21-17
EPS in Rs-7.24-1.640.192.340.361.130.37-3.71-2.83-4.04-3.79-5.64-4.46

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales21802824211691,0411861979659
Expenses-13-12-24-13197-67-101-75930171155126117
Operating Profit1529254145681021431111541-30-58
OPM %775%166%18,892%147%19%7,349%6,960%209%11%8%21%-31%-97%
Other Income813214586112117128187145453535
Interest27465196137163216269371152685863
Depreciation0001100122111
Profit before tax-4-4-6-11-71632-76617-55-86
Tax %-6%-15%-2%-0%-1%23%-40%74%32%91%13%25%
Net Profit-29-4812-41340-52115-39-62
EPS in Rs-12.04-1.533.115.05-1.745.191.490.18-18.540.223.97-10.21-16.30
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192020-20212021-20222022-2023
YoY Net Profit Growth (%)86.21%300.00%50.00%-133.33%425.00%-69.23%-100.00%101.92%1400.00%-360.00%
Change in YoY Net Profit Growth (%)0.00%213.79%-250.00%-183.33%558.33%-494.23%-30.77%201.92%1298.08%-1760.00%

Emami Realty Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:85%
5 Years:-2%
3 Years:-31%
TTM:-10%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-85%
Stock Price CAGR
10 Years:10%
5 Years:16%
3 Years:12%
1 Year:12%
Return on Equity
10 Years:-29%
5 Years:-53%
3 Years:-57%
Last Year:-461%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital555556666888
Reserves2128419221381418810512080-43
Borrowings2877299191,1951,5562,0262,5572,4541,6711,5281,5871,916
Other Liabilities224399526497563569689427186212299393
Total Liabilities5361,1611,4901,7072,1452,7393,3932,9741,9681,8671,9742,274
Fixed Assets111111135971725852504936
CWIP000000000000
Investments841131921759217819526590104105122
Other Assets4411,0371,2881,5191,9952,4903,1252,6501,8261,7141,8192,115
Total Assets5361,1611,4901,7072,1452,7393,3932,9741,9681,8671,9742,274

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1655-147236-274-190-177583-26611873-36
Cash from Investing Activity +15-32632-21245-142-247-161,20493-67-189
Cash from Financing Activity +-35275114-21204187100-562-940-214-0232
Net Cash Flow-34-24-25-146-3246-2-367

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow15.00-258.00-704.00-878.0044.0067.00100.00141.00109.0014.0040.00-31.00

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 Days100100802575264870
Inventory Days406
Days Payable10
Cash Conversion Cycle1001008042275264870
Working Capital Days2,873813,2766,534917311,545283,9707,7906803,2032,7875,6849,830
ROCE %14%8%10%12%13%12%11%11%4%5%0%-4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters63.46%63.46%63.46%63.46%63.45%63.45%63.45%63.45%63.45%63.45%63.45%63.46%
FIIs0.09%0.13%0.13%0.09%0.13%0.09%0.09%0.10%0.02%0.01%0.07%0.19%
DIIs0.02%0.02%0.01%0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public36.43%36.39%36.40%36.43%36.39%36.43%36.43%36.42%36.52%36.52%36.45%36.34%
No. of Shareholders33,24834,44233,43833,28932,58631,92731,09030,65030,49131,76130,93330,532

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
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-32.48-10.213.970.16-40.96
Diluted EPS (Rs.)-32.48-10.213.970.16-40.96
Cash EPS (Rs.)-32.20-10.544.250.77-40.16
Book Value[Excl.RevalReserv]/Share (Rs.)-9.4321.0233.6738.9811.07
Book Value[Incl.RevalReserv]/Share (Rs.)-9.4321.0233.6739.5711.66
Revenue From Operations / Share (Rs.)16.2425.4051.9266.74320.54
PBDIT / Share (Rs.)-18.921.3122.8293.3072.43
PBIT / Share (Rs.)-19.250.9822.5392.7271.62
PBT / Share (Rs.)-44.42-14.454.582.29-61.20
Net Profit / Share (Rs.)-32.52-10.863.960.20-40.96
NP After MI And SOA / Share (Rs.)-32.48-10.213.970.21-40.96
PBDIT Margin (%)-116.535.1443.94139.7922.59
PBIT Margin (%)-118.533.8843.39138.9322.34
PBT Margin (%)-273.54-56.908.823.43-19.09
Net Profit Margin (%)-200.29-42.767.630.30-12.77
NP After MI And SOA Margin (%)-200.01-40.177.650.32-12.77
Return on Networth / Equity (%)0.00-48.5411.790.56-370.96
Return on Capital Employeed (%)-8.370.3722.1368.6123.17
Return On Assets (%)-5.40-1.950.800.03-3.90
Long Term Debt / Equity (X)-24.2610.891.712.0725.69
Total Debt / Equity (X)-53.6619.9411.9813.4070.76
Asset Turnover Ratio (%)0.020.050.080.070.27
Current Ratio (X)1.511.821.151.171.09
Quick Ratio (X)0.840.890.580.640.69
Interest Coverage Ratio (X)-0.750.081.271.030.54
Interest Coverage Ratio (Post Tax) (X)-0.290.291.221.000.69
Enterprise Value (Cr.)2287.621803.921741.841554.952244.28
EV / Net Operating Revenue (X)37.2218.768.868.342.51
EV / EBITDA (X)-31.94364.4320.175.9711.09
MarketCap / Net Operating Revenue (X)6.462.441.150.590.08
Price / BV (X)-11.132.951.781.032.54
Price / Net Operating Revenue (X)6.462.441.150.590.08
EarningsYield-0.30-0.160.060.01-1.46

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Emami Realty Ltd as of November 14, 2024 is: 665.13

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 14, 2024, Emami Realty Ltd is Undervalued by 587.12% compared to the current share price 96.80

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Emami Realty Ltd as of November 14, 2024 is: 841.43

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 14, 2024, Emami Realty Ltd is Undervalued by 769.25% compared to the current share price 96.80

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 26.51%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 8.00%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 253.17, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 60.25, which may not be favorable.
    4. The company has higher borrowings (1,535.42) compared to reserves (62.50), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (69.23) and profit (-15.77).

    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 Emami Realty Ltd:
      1. Net Profit Margin: -200.29%
        • 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: -8.37% (Industry Average ROCE: 0.59%)
        • 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%: 0% (Industry Average ROE: 0.49%)
        • 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): -0.29
        • 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: 0.84
        • 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: 0 (Industry average Stock P/E: 0)
        • 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: -53.66
        • 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

    Emami Realty Ltd. is a Public Limited Listed company incorporated on 04/01/2008 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L45400WB2008PLC121426 and registration number is 121426. Currently Company is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 170.98 Cr. and Equity Capital is Rs. 7.57 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Construction, Contracting & EngineeringAcropolis, 13th Floor, Kolkata West Bengal 700107infra@emamirealty.com
    http://www.emamirealty.com
    Management
    NamePosition Held
    Mr. Amit Kiran DebChairman
    Dr. Nitesh Kumar GuptaManaging Director & CEO
    Mr. Rajesh BansalWhole Time Director
    Mr. Basant Kumar ParakhDirector
    Mrs. Karabi SenguptaDirector
    Mr. Debasish BhaumikDirector

    FAQ

    What is the latest intrinsic value of Emami Realty Ltd?

    The latest intrinsic value of Emami Realty Ltd as on 14 November 2024 is ₹665.13, which is 587.12% higher than the current market price of ₹96.80.

    What is the Market Cap of Emami Realty Ltd?

    The Market Cap of Emami Realty Ltd is 366 Cr..

    What is the current Stock Price of Emami Realty Ltd as on 14 November 2024?

    The current stock price of Emami Realty Ltd as on 14 November 2024 is ₹96.8.

    What is the High / Low of Emami Realty Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Emami Realty Ltd stocks is 152/79.4.

    What is the Stock P/E of Emami Realty Ltd?

    The Stock P/E of Emami Realty Ltd is .

    What is the Book Value of Emami Realty Ltd?

    The Book Value of Emami Realty Ltd is 9.43.

    What is the Dividend Yield of Emami Realty Ltd?

    The Dividend Yield of Emami Realty Ltd is 0.00 %.

    What is the ROCE of Emami Realty Ltd?

    The ROCE of Emami Realty Ltd is 3.86 %.

    What is the ROE of Emami Realty Ltd?

    The ROE of Emami Realty Ltd is 461 %.

    What is the Face Value of Emami Realty Ltd?

    The Face Value of Emami Realty 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 Emami Realty 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