Foseco India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:33 am

Market Cap	2,662 Cr.
Current Price	4,168
High / Low	5,426/2,852
Stock P/E	38.3
Book Value	476
Dividend Yield	0.60 %
ROCE	31.7 %
ROE	24.3 %
Face Value	10.0
PEG Ratio	2.58

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Gujchem Distillers India Ltd	143 Cr.	400	541/61.8	375	390	0.00 %	1.38 %	2.17 %	1.00
Elantas Beck India Ltd	10,647 Cr.	13,430	14,980/7,601	72.5	1,018	0.04 %	27.7 %	20.6 %	10.0
Crestchem Ltd	78.1 Cr.	260	350/70.0	24.6	21.1	0.19 %	78.2 %	56.2 %	10.0
Chemiesynth (Vapi) Ltd	11.0 Cr.	35.8	34.1/0.00		37.5	0.00 %	1.00 %	3.38 %	10.0
Archit Organosys Ltd	88.5 Cr.	43.1	63.6/35.1	123	32.2	0.00 %	3.69 %	0.75 %	10.0
Industry Average	6,099.33 Cr	2,055.97		77.89	317.66	0.25%	16.28%	12.32%	7.41

All Competitor Stocks of

Quarterly Result

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	82	89	75	87	87	99	100	103	106	111	121	123	122
Expenses	73	76	68	75	76	83	85	88	88	95	103	107	103
Operating Profit	9	13	7	12	12	15	14	15	18	15	18	16	20
OPM %	11%	14%	9%	14%	13%	15%	14%	15%	17%	14%	15%	13%	16%
Other Income	2	1	3	1	1	2	1	2	2	5	17	7	5
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	2	2	2	2	2	4	2	2	2	2
Profit before tax	10	12	9	12	11	16	14	15	16	19	33	21	22
Tax %	26%	23%	26%	25%	26%	24%	26%	26%	25%	26%	17%	29%	25%
Net Profit	7	9	6	9	8	12	11	11	12	14	28	15	16
EPS in Rs	11.26	14.51	9.88	14.06	12.70	19.13	16.53	17.11	19.20	22.30	43.31	23.13	25.54

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	TTM
Sales	233	247	227	263	292	340	358	362	323	251	338	407	461
Expenses	193	211	196	224	241	285	306	312	276	230	294	343	393
Operating Profit	40	36	31	39	51	55	51	51	46	21	44	63	68
OPM %	17%	15%	13%	15%	17%	16%	14%	14%	14%	8%	13%	16%	15%
Other Income	2	2	2	3	2	2	3	4	8	6	6	7	31
Interest	0	1	0	0	0	1	0	0	0	0	0	0	0
Depreciation	4	5	5	5	5	5	5	5	4	6	6	9	9
Profit before tax	37	32	27	38	48	51	48	50	50	21	43	61	90
Tax %	32%	32%	34%	35%	34%	36%	34%	36%	30%	27%	25%	25%
Net Profit	25	22	18	25	32	33	32	32	35	15	33	46	69
EPS in Rs	39.58	34.17	27.90	38.50	49.68	51.80	49.43	50.17	54.07	24.18	51.15	71.98	107.94
Dividend Payout %	46%	41%	88%	55%	53%	44%	51%	50%	46%	62%	49%	56%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year
YoY Net Profit Growth (%)
Change in YoY Net Profit Growth (%)

No data available for trend analysis.

Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	6%
3 Years:	24%
TTM:	11%

Compounded Profit Growth
10 Years:	13%
5 Years:	15%
3 Years:	60%
TTM:	17%

Stock Price CAGR
10 Years:	13%
5 Years:	26%
3 Years:	42%
1 Year:	9%

Return on Equity
10 Years:	21%
5 Years:	19%
3 Years:	21%
Last Year:	24%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Jun 2024
Equity Capital	6	6	6	6	6	6	6	6	6	6	6	6	6
Reserves	83	83	91	103	118	139	150	165	176	202	233	280	298
Borrowings	10	8	6	4	2	1	0	0	0	0	0	1	2
Other Liabilities	42	50	48	50	57	75	82	77	80	86	106	132	131
Total Liabilities	141	147	152	163	183	221	238	249	263	294	345	420	438
Fixed Assets	31	28	26	26	26	23	20	34	31	35	31	39	44
CWIP	0	0	1	1	0	1	6	2	5	0	1	1	1
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	110	119	125	136	157	197	213	213	227	259	313	379	393
Total Assets	141	147	152	163	183	221	238	249	263	294	345	420	438

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Cash from Operating Activity +	20	22	25	17	32	66	47	47	30	20	59	57
Cash from Investing Activity +	-7	-1	-1	-4	-6	2	-5	-9	-2	-0	-3	-12
Cash from Financing Activity +	-12	-14	-22	-25	-20	-17	-22	-19	-3	-6	-16	-26
Net Cash Flow	1	7	2	-12	6	51	21	19	25	13	40	19

Free Cash Flow

Month	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Free Cash Flow	40.00	26.00	23.00	33.00	47.00	53.00	50.00	51.00	46.00	21.00	44.00	63.00

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	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Debtor Days	99	103	101	113	107	103	88	82	94	80	76	78
Inventory Days	23	32	32	35	35	29	36	39	32	43	32	46
Days Payable	77	86	73	80	81	109	111	130	173	136	146	160
Cash Conversion Cycle	45	49	60	68	61	23	12	-8	-46	-13	-37	-36
Working Capital Days	54	49	56	72	70	45	31	20	3	21	11	9
ROCE %	35%	29%	38%	45%	44%	36%	33%	30%	12%	22%	28%	32%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%
FIIs	0.00%	0.00%	0.00%	0.04%	0.07%	0.09%	0.18%	0.23%	0.26%	0.22%	0.24%	0.19%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.05%	0.12%	0.10%	0.14%
Public	25.01%	25.01%	25.01%	24.97%	24.94%	24.92%	24.82%	24.78%	24.70%	24.67%	24.67%	24.67%
No. of Shareholders	9,398	9,546	10,280	10,879	11,463	11,157	11,347	11,521	12,585	12,948	12,370	12,097

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	114.28	71.98	51.16	24.17	54.07
Diluted EPS (Rs.)	114.28	71.98	51.16	24.17	54.07
Cash EPS (Rs.)	126.48	85.92	60.36	33.42	60.64
Book Value[Excl.RevalReserv]/Share (Rs.)	448.78	374.25	326.73	285.99	268.36
Book Value[Incl.RevalReserv]/Share (Rs.)	448.78	374.25	326.73	285.99	268.36
Dividend / Share (Rs.)	25.00	40.00	25.00	15.00	15.00
Revenue From Operations / Share (Rs.)	747.53	636.87	529.26	393.25	505.01
PBDIT / Share (Rs.)	142.70	109.97	77.04	42.28	84.28
PBIT / Share (Rs.)	130.50	96.03	67.83	33.02	77.71
PBT / Share (Rs.)	148.99	96.03	67.83	33.02	77.71
Net Profit / Share (Rs.)	114.28	71.98	51.16	24.17	54.07
PBDIT Margin (%)	19.08	17.26	14.55	10.75	16.68
PBIT Margin (%)	17.45	15.07	12.81	8.39	15.38
PBT Margin (%)	19.93	15.07	12.81	8.39	15.38
Net Profit Margin (%)	15.28	11.30	9.66	6.14	10.70
Return on Networth / Equity (%)	25.46	19.23	15.65	8.45	20.14
Return on Capital Employeed (%)	28.89	25.55	20.70	11.50	28.82
Return On Assets (%)	17.39	13.31	11.09	5.86	13.88
Asset Turnover Ratio (%)	1.25	1.27	1.21	0.98	1.32
Current Ratio (X)	2.84	2.91	2.98	2.74	2.70
Quick Ratio (X)	2.59	2.72	2.72	2.58	2.44
Inventory Turnover Ratio (X)	9.37	10.15	10.47	8.17	8.90
Dividend Payout Ratio (NP) (%)	35.00	34.73	19.54	20.68	46.23
Dividend Payout Ratio (CP) (%)	31.62	29.09	16.56	14.95	41.22
Earning Retention Ratio (%)	65.00	65.27	80.46	79.32	53.77
Cash Earning Retention Ratio (%)	68.38	70.91	83.44	85.05	58.78
Interest Coverage Ratio (X)	1246.69	0.00	0.00	38571.14	41404.69
Interest Coverage Ratio (Post Tax) (X)	836.82	0.00	0.00	22053.57	26564.77
Enterprise Value (Cr.)	2210.85	1039.64	758.83	700.49	722.16
EV / Net Operating Revenue (X)	4.63	2.56	2.24	2.79	2.24
EV / EBITDA (X)	24.26	14.80	15.42	25.94	13.42
MarketCap / Net Operating Revenue (X)	5.11	3.02	2.69	3.33	2.59
Retention Ratios (%)	64.99	65.26	80.45	79.31	53.76
Price / BV (X)	8.52	5.14	4.35	4.59	4.87
Price / Net Operating Revenue (X)	5.11	3.02	2.69	3.33	2.59
EarningsYield	0.02	0.03	0.03	0.01	0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 4,456.66

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 December 21, 2024, is Undervalued by 6.93% compared to the current share price 4,168.00

Intrinsic Value of as of December 21, 2024 is: 5,117.46

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 December 21, 2024, is Undervalued by 22.78% compared to the current share price 4,168.00

Last 5 Year EPS CAGR: 14.83%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 32.00%, which is a positive sign. The company has higher reserves (163.15 cr) compared to borrowings (2.62 cr), indicating strong financial stability. The company has shown consistent growth in sales (315.54 cr) and profit (45.85 cr) over the years.	The stock has a high average Working Capital Days of 36.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 14.83, which may not be favorable.

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 :
1. Net Profit Margin: 15.28%
  - 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: 28.89% (Industry Average ROCE: 16.28%)
  - 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%: 25.46% (Industry Average ROE: 12.32%)
  - 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): 836.82
  - 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: 2.59
  - 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: 38.3 (Industry average Stock P/E: 64.15)
  - 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
  - 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

Foseco India Ltd. is a Public Limited Listed company incorporated on 22/03/1958 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24294PN1958PLC011052 and registration number is 011052. Currently company belongs to the Industry of Chemicals - Organic - Others. Company’s Total Operating Revenue is Rs. 338.01 Cr. and Equity Capital is Rs. 6.39 Cr. for the Year ended 31/12/2021.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Organic - Others	Gat Nos. 922 & 923, Pune District Maharashtra 412208	investor.grievance@vesuvius.com http://www.fosecoindia.com

Management
Name	Position Held
Mr. Ravi Moti Kirpalani	Chairperson & Director
Mr. Prasad Chavare	Managing Director & CEO
Mr. Mark Russel Collis	Director
Ms. Anita Belani	Director
Ms. Karena Cancilleri	Director
Mr. Amitabha Mukhopadhyay	Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹4456.66, which is 6.93% higher than the current market price of ₹4,168.00. The stock has a market capitalization of 2,662 Cr. and recorded a high/low of 5,426/2,852 during the current fiscal year 2024-2025. As of Jun 2024, the company has reserves of ₹298 Cr and total liabilities of ₹438 Cr.

What is the Market Cap of ?

The Market Cap of is 2,662 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 4,168.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 5,426/2,852.

What is the Stock P/E of ?

The Stock P/E of is 38.3.

What is the Book Value of ?

The Book Value of is 476.

What is the Dividend Yield of ?

The Dividend Yield of is 0.60 %.

What is the ROCE of ?

The ROCE of is 31.7 %.

What is the ROE of ?

The ROE of is 24.3 %.

What is the Face Value of ?

The Face Value of is 10.0.

Share Price and Basic Stock Data

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

Competitors of

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of ?

What is the Market Cap of ?

What is the current Stock Price of as on 21 December 2024?

What is the High / Low of stocks in FY 2024-2025?

What is the Stock P/E of ?

What is the Book Value of ?

What is the Dividend Yield of ?

What is the ROCE of ?

What is the ROE of ?

What is the Face Value of ?

About the Author

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