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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Emkay Taps & Cutting Tools Ltd

About the Company - Emkay Taps & Cutting Tools Ltd

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.
INDUSTRYADDRESSCONTACT
Engineering - GeneralB-27 & B-27/1, M.I.D.C. Industrial Area, Nagpur Maharashtra 440016investors@etctl.com
http://www.etctl.com
Management
NamePosition Held
Mr. Ajayprakash KanoriaChairman & M.D & CEO
Mrs. Alka KanoriaWhole Time Director
Mr. Mahesh MorInd. Non-Executive Director
Mr. Ravindra LoiyaInd. Non-Executive Director
Mr. P C RamchandranInd. Non-Executive Director

Basic Stock Data of Emkay Taps & Cutting Tools Ltd

Last Updated: May 28, 2024, 9:29 pm

Market Cap 740 Cr.
Current Price 693
High / Low824/313
Stock P/E13.3
Book Value 241
Dividend Yield0.00 %
ROCE20.5 %
ROE16.3 %
Face Value 10.0
PEG Ratio0.42

Emkay Taps & Cutting Tools Ltd Quarterly Results

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales272320363338454449
Expenses151613201819212425
Operating Profit1286171519242024
OPM %46%34%32%46%46%49%53%45%49%
Other Income11379531317
Interest000000000
Depreciation122222221
Profit before tax1277222321253139
Tax %29%15%18%18%18%22%24%21%21%
Net Profit866181917192531
EPS in Rs7.815.495.6816.6517.4315.6118.0523.3028.93

Last Updated: May 11, 2024, 12:14 pm

Emkay Taps & Cutting Tools Ltd Quarterly Chart

Emkay Taps & Cutting Tools Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales35313044495356645156718993
Expenses21211827323433353033374549
Operating Profit13101117171923292023344344
OPM %38%31%38%38%34%36%41%45%40%41%48%49%47%
Other Income1102526-1319141630
Interest1000000000000
Depreciation3333233333333
Profit before tax117916191825131929445771
Tax %25%32%36%34%26%33%22%59%24%18%20%22%
Net Profit8561114122051424354456
EPS in Rs16.379.6511.2510.1313.1311.0718.594.9413.3122.3333.0441.3552.23
Dividend Payout %0%0%0%0%0%0%3%10%3%0%0%0%

Emkay Taps & Cutting Tools Ltd Profit & Loss Yearly Chart

Emkay Taps & Cutting Tools Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:10%
3 Years:20%
TTM:13%
Compounded Profit Growth
10 Years:21%
5 Years:10%
3 Years:33%
TTM:55%
Stock Price CAGR
10 Years:%
5 Years:37%
3 Years:73%
1 Year:114%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:15%
Last Year:16%

Last Updated: May 24, 2024, 4:32 pm

Emkay Taps & Cutting Tools Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1112222111111111111
Reserves38434956718310298111135170215246
Borrowings5222254330364
Other Liabilities76776810171113192520
Total Liabilities515158678197118128136159203257281
Fixed Assets19181614161817172119191615
CWIP0000010100000
Investments14162431364971657899144187210
Other Assets18171822283030443741405355
Total Assets515158678197118128136159203257281

Emkay Taps & Cutting Tools Ltd Reserves and Borrowings Chart

Emkay Taps & Cutting Tools Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 9888512191418153225
Cash from Investing Activity -7-4-8-4-6-15-17-11-17-12-35-28
Cash from Financing Activity -3-40-302-2-2-1-332
Net Cash Flow-1101-0-100-0-100

Emkay Taps & Cutting Tools Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days82819179829299941001179081
Inventory Days295307484612546827605681635194417518
Days Payable775884150811462111739885157155
Cash Conversion Cycle300330491541548773493602637226350443
Working Capital Days143149154127161158134157183181107112
ROCE %29%17%19%30%29%22%27%12%16%16%19%21%

Emkay Taps & Cutting Tools Ltd Financial Efficiency Indicators Chart

Emkay Taps & Cutting Tools Ltd Share Holding Pattern

MonthSep 2017Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Promoters74.82%74.55%74.55%74.55%74.57%74.57%74.57%74.57%74.99%74.99%74.99%74.99%
Public25.19%25.45%25.46%25.46%25.44%25.43%25.43%25.44%25.01%25.01%25.01%25.01%
No. of Shareholders999394928710696107135145159225

Emkay Taps & Cutting Tools Ltd Shareholding Pattern Chart

No. of Emkay Taps & Cutting Tools Ltd Shareholders

This stock is not held by any mutual fund

Emkay Taps & Cutting Tools Ltd ROCE Trend

Emkay Taps & Cutting Tools Ltd EPS Trend

Emkay Taps & Cutting Tools Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)41.3533.0422.3313.314.94
Diluted EPS (Rs.)41.3533.0422.3313.314.94
Cash EPS (Rs.)44.2736.1625.4916.107.68
Book Value[Excl.RevalReserv]/Share (Rs.)211.71169.63136.58114.10101.72
Book Value[Incl.RevalReserv]/Share (Rs.)211.71169.63136.58114.10101.72
Dividend / Share (Rs.)0.000.000.000.400.50
Revenue From Operations / Share (Rs.)83.0466.3552.7347.4960.15
PBDIT / Share (Rs.)56.1144.4630.4220.3814.99
PBIT / Share (Rs.)53.1941.3327.2617.5912.25
PBT / Share (Rs.)53.0641.2327.2217.5312.02
Net Profit / Share (Rs.)41.3533.0422.3313.314.94
PBDIT Margin (%)67.5667.0057.6742.9224.93
PBIT Margin (%)64.0562.2951.6937.0320.36
PBT Margin (%)63.8962.1351.6136.9119.99
Net Profit Margin (%)49.7949.7942.3428.018.20
Return on Networth / Equity (%)19.5319.4716.3411.664.85
Return on Capital Employeed (%)25.0124.1619.8315.2711.88
Return On Assets (%)17.1817.3315.0010.414.36
Total Debt / Equity (X)0.020.010.000.020.02
Asset Turnover Ratio (%)0.380.390.380.390.53
Current Ratio (X)1.761.923.362.743.44
Quick Ratio (X)1.191.422.851.611.91
Inventory Turnover Ratio (X)1.151.400.970.610.80
Dividend Payout Ratio (NP) (%)0.000.000.006.7610.12
Dividend Payout Ratio (CP) (%)0.000.000.005.586.51
Earning Retention Ratio (%)0.000.000.0093.2489.88
Cash Earning Retention Ratio (%)0.000.000.0094.4293.49
Interest Coverage Ratio (X)419.60419.40755.59380.1465.92
Interest Coverage Ratio (Post Tax) (X)310.23312.69555.69249.1522.70
Enterprise Value (Cr.)318.17300.82132.59116.01172.20
EV / Net Operating Revenue (X)3.594.252.362.292.68
EV / EBITDA (X)5.316.344.085.3310.76
MarketCap / Net Operating Revenue (X)3.544.222.372.252.66
Retention Ratios (%)0.000.000.0093.2389.87
Price / BV (X)1.391.650.910.931.57
Price / Net Operating Revenue (X)3.544.222.372.252.66
EarningsYield0.140.110.170.120.03

Emkay Taps & Cutting Tools Ltd Profitability Ratios (%)

Emkay Taps & Cutting Tools Ltd Liquidity Ratios

Emkay Taps & Cutting Tools Ltd Liquidity Ratios (%)

Emkay Taps & Cutting Tools Ltd Interest Coverage Ratios (%)

Emkay Taps & Cutting Tools Ltd Valuation Ratios

Fair Value

Fair Value: ₹532.91

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.

Overvalued: 23.10% compared to the current price ₹693

Intrinsic Value: ₹700.49

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: 1.08% compared to the current price ₹693

Last 5 Year EPS CAGR: 31.45%

*Investments are subject to market risks

Strength and Weakness of Emkay Taps & Cutting Tools Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 21.42%, which is a positive sign.
  2. The company has higher reserves (109.00 cr) compared to borrowings (3.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (55.54 cr) and profit (26.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 147.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 477.83, which may not be favorable.

FAQ

What is the latest fair value of Emkay Taps & Cutting Tools Ltd?

The latest fair value of Emkay Taps & Cutting Tools Ltd is ₹532.91.

What is the Market Cap of Emkay Taps & Cutting Tools Ltd?

The Market Cap of Emkay Taps & Cutting Tools Ltd is 740 Cr..

What is the current Stock Price of Emkay Taps & Cutting Tools Ltd as on 30 May 2024?

The current stock price of Emkay Taps & Cutting Tools Ltd as on 30 May 2024 is ₹693.

What is the High / Low of Emkay Taps & Cutting Tools Ltd stocks in FY 2024?

In FY 2024, the High / Low of Emkay Taps & Cutting Tools Ltd stocks is 824/313.

What is the Stock P/E of Emkay Taps & Cutting Tools Ltd?

The Stock P/E of Emkay Taps & Cutting Tools Ltd is 13.3.

What is the Book Value of Emkay Taps & Cutting Tools Ltd?

The Book Value of Emkay Taps & Cutting Tools Ltd is 241.

What is the Dividend Yield of Emkay Taps & Cutting Tools Ltd?

The Dividend Yield of Emkay Taps & Cutting Tools Ltd is 0.00 %.

What is the ROCE of Emkay Taps & Cutting Tools Ltd?

The ROCE of Emkay Taps & Cutting Tools Ltd is 20.5 %.

What is the ROE of Emkay Taps & Cutting Tools Ltd?

The ROE of Emkay Taps & Cutting Tools Ltd is 16.3 %.

What is the Face Value of Emkay Taps & Cutting Tools Ltd?

The Face Value of Emkay Taps & Cutting Tools Ltd is 10.0.

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 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