Stock P/E, Current Price, and Intrinsic Value Over Time
Competitors of Emkay Taps & Cutting Tools Ltd
Stock Name
Market Cap
Current Price
High / Low
Stock P/E
Book Value
Dividend Yield
ROCE
ROE
Face Value
Industry Average
0 Cr
0
0
0
0%
0%
0%
0
Quarterly Result
Month
Sep 2019
Mar 2020
Sep 2020
Mar 2021
Sep 2021
Mar 2022
Sep 2022
Mar 2023
Sep 2023
Sales
27
23
20
36
33
38
45
44
49
Expenses
15
16
13
20
18
19
21
24
25
Operating Profit
12
8
6
17
15
19
24
20
24
OPM %
46%
34%
32%
46%
46%
49%
53%
45%
49%
Other Income
1
1
3
7
9
5
3
13
17
Interest
0
0
0
0
0
0
0
0
0
Depreciation
1
2
2
2
2
2
2
2
1
Profit before tax
12
7
7
22
23
21
25
31
39
Tax %
29%
15%
18%
18%
18%
22%
24%
21%
21%
Net Profit
8
6
6
18
19
17
19
25
31
EPS in Rs
7.81
5.49
5.68
16.65
17.43
15.61
18.05
23.30
28.93
Last Updated: August 9, 2024, 6:39 pm
Quarterly Chart
Profit & Loss - Annual Report
Last Updated: August 9, 2024, 6:39 pm
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
35
31
30
44
49
53
56
64
51
56
71
89
93
Expenses
21
21
18
27
32
34
33
35
30
33
37
45
49
Operating Profit
13
10
11
17
17
19
23
29
20
23
34
43
44
OPM %
38%
31%
38%
38%
34%
36%
41%
45%
40%
41%
48%
49%
47%
Other Income
1
1
0
2
5
2
6
-13
1
9
14
16
30
Interest
1
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
3
3
3
3
2
3
3
3
3
3
3
3
3
Profit before tax
11
7
9
16
19
18
25
13
19
29
44
57
71
Tax %
25%
32%
36%
34%
26%
33%
22%
59%
24%
18%
20%
22%
Net Profit
8
5
6
11
14
12
20
5
14
24
35
44
56
EPS in Rs
16.37
9.65
11.25
10.13
13.13
11.07
18.59
4.94
13.31
22.33
33.04
41.35
52.23
Dividend Payout %
0%
0%
0%
0%
0%
0%
3%
10%
3%
0%
0%
0%
Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
YoY Net Profit Growth (%)
-37.50%
20.00%
83.33%
27.27%
-14.29%
66.67%
-75.00%
180.00%
71.43%
45.83%
25.71%
Change in YoY Net Profit Growth (%)
0.00%
57.50%
63.33%
-56.06%
-41.56%
80.95%
-141.67%
255.00%
-108.57%
-25.60%
-20.12%
Growth
Compounded Sales Growth
10 Years:
13%
5 Years:
10%
3 Years:
22%
TTM:
17%
Compounded Profit Growth
10 Years:
22%
5 Years:
51%
3 Years:
34%
TTM:
24%
Stock Price CAGR
10 Years:
%
5 Years:
55%
3 Years:
80%
1 Year:
145%
Return on Equity
10 Years:
15%
5 Years:
15%
3 Years:
16%
Last Year:
16%
Last Updated: September 6, 2024, 6:26 pm
Balance Sheet
Last Updated: August 9, 2024, 6:39 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
Equity Capital
1
1
2
2
2
2
11
11
11
11
11
11
Reserves
43
49
56
71
83
102
98
111
135
170
215
288
Borrowings
2
2
2
2
5
4
3
3
-0
3
6
6
Other Liabilities
6
7
7
6
8
10
17
11
13
19
25
32
Total Liabilities
51
58
67
81
97
118
128
136
159
203
257
337
Fixed Assets
18
16
14
16
18
17
17
21
19
19
16
14
CWIP
-0
-0
-0
-0
1
-0
1
0
0
-0
-0
-0
Investments
16
24
31
36
49
71
65
78
99
144
187
255
Other Assets
17
18
22
28
30
30
44
37
41
40
53
69
Total Assets
51
58
67
81
97
118
128
136
159
203
257
337
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
8
8
8
5
12
19
14
18
15
32
25
25
Cash from Investing Activity
-4
-8
-4
-6
-15
-17
-11
-17
-12
-35
-28
-23
Cash from Financing Activity
-4
0
-3
0
2
-2
-2
-1
-3
3
2
1
Net Cash Flow
1
0
1
-0
-1
0
0
-0
-1
0
0
2
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
13.00
8.00
9.00
15.00
15.00
14.00
19.00
26.00
17.00
23.00
31.00
37.00
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
81
91
79
82
92
99
94
100
117
90
81
84
Inventory Days
307
484
612
546
827
605
681
635
194
417
518
350
Days Payable
58
84
150
81
146
211
173
98
85
157
155
91
Cash Conversion Cycle
330
491
541
548
773
493
602
637
226
350
443
343
Working Capital Days
149
154
127
161
158
134
157
183
181
107
112
118
ROCE %
17%
19%
30%
29%
22%
27%
12%
16%
16%
19%
21%
19%
Financial Efficiency Indicators Chart
Share Holding Pattern
Month
Sep 2018
Mar 2019
Sep 2019
Mar 2020
Sep 2020
Mar 2021
Sep 2021
Mar 2022
Sep 2022
Mar 2023
Sep 2023
Mar 2024
Promoters
74.55%
74.55%
74.55%
74.57%
74.57%
74.57%
74.57%
74.99%
74.99%
74.99%
74.99%
74.99%
Public
25.45%
25.46%
25.46%
25.44%
25.43%
25.43%
25.44%
25.01%
25.01%
25.01%
25.01%
25.00%
No. of Shareholders
93
94
92
87
106
96
107
135
145
159
225
338
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
FaceValue
10.00
10.00
Basic EPS (Rs.)
67.38
41.35
Diluted EPS (Rs.)
67.38
41.35
Cash EPS (Rs.)
69.82
44.27
Book Value[Excl.RevalReserv]/Share (Rs.)
280.10
211.71
Book Value[Incl.RevalReserv]/Share (Rs.)
280.10
211.71
Revenue From Operations / Share (Rs.)
96.94
83.04
PBDIT / Share (Rs.)
87.07
56.11
PBIT / Share (Rs.)
84.62
53.19
PBT / Share (Rs.)
84.41
53.06
Net Profit / Share (Rs.)
67.38
41.35
NP After MI And SOA / Share (Rs.)
67.38
41.35
PBDIT Margin (%)
89.81
67.56
PBIT Margin (%)
87.29
64.05
PBT Margin (%)
87.07
63.89
Net Profit Margin (%)
69.50
49.79
NP After MI And SOA Margin (%)
69.50
49.79
Return on Networth / Equity (%)
24.05
19.53
Return on Capital Employeed (%)
30.15
25.01
Return On Assets (%)
21.30
17.18
Total Debt / Equity (X)
0.02
0.02
Current Ratio (X)
1.80
1.76
Quick Ratio (X)
1.37
1.19
Interest Coverage Ratio (X)
412.78
419.60
Interest Coverage Ratio (Post Tax) (X)
320.41
310.23
Enterprise Value (Cr.)
696.36
318.17
EV / Net Operating Revenue (X)
6.73
3.59
EV / EBITDA (X)
7.49
5.31
MarketCap / Net Operating Revenue (X)
6.70
3.54
Price / BV (X)
2.32
1.39
Price / Net Operating Revenue (X)
6.70
3.54
EarningsYield
0.10
0.14
Profitability Ratios (%)
Liquidity Ratios
Liquidity Ratios (%)
Interest Coverage Ratios (%)
Valuation Ratios
Fair Value
Fair Value: ₹1,076.14
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: 15.71% compared to the current price ₹930.00
Intrinsic Value: 1,414.55
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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.
Undervalued: 52.10% compared to the current price ₹930.00
Last 5 Year EPS CAGR: 31.45%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The stock has a high average ROCE of 20.58%, which is a positive sign.
The company has higher reserves (118.42 cr) compared to borrowings (3.17 cr), indicating strong financial stability.
The company has shown consistent growth in sales (55.54 cr) and profit (26.00 cr) over the years.
The stock has a high average Working Capital Days of 145.08, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 481.42, 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 Emkay Taps & Cutting Tools Ltd:
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.
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.
ROE%: 24.05% (Industry Average ROE: 0%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
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.
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.
Stock P/E: 24 (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.
Total Debt / Equity: 0.02
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
Emkay Taps and Cutting Tools Ltd. is a Public Limited Listed company incorporated on 27/07/1995 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L29220MH1995PLC091091 and registration number is 091091. Currently Company is involved in the business activities of Manufacture of machine tools for turning, drilling, milling, shaping, planning, boring, grinding etc.. Company’s Total Operating Revenue is Rs. 70.81 Cr. and Equity Capital is Rs. 10.67 Cr. for the Year ended 31/03/2022.
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 Emkay Taps & Cutting Tools 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
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