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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Foseco India Ltd

About the Company - Foseco India Ltd

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.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - OthersGat Nos. 922 & 923, Pune District Maharashtra 412208investor.grievance@vesuvius.com
http://www.fosecoindia.com
Management
NamePosition Held
Mr. Ravi Moti KirpalaniChairperson & Director
Mr. Prasad ChavareManaging Director & CEO
Mr. Mark Russel CollisDirector
Ms. Anita BelaniDirector
Ms. Karena CancilleriDirector
Mr. Amitabha MukhopadhyayDirector

Basic Stock Data of Foseco India Ltd

Last Updated: July 26, 2024, 10:47 pm

Market Cap 3,002 Cr.
Current Price 4,698
High / Low4,750/2,852
Stock P/E46.1
Book Value 476
Dividend Yield0.53 %
ROCE31.7 %
ROE24.3 %
Face Value 10.0
PEG Ratio3.11

Data Source: screener.in

Foseco India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales828975878799100103106111121123122
Expenses73766875768385888895103107103
Operating Profit913712121514151815181620
OPM %11%14%9%14%13%15%14%15%17%14%15%13%16%
Other Income21311212251775
Interest0000000000000
Depreciation1112222242222
Profit before tax1012912111614151619332122
Tax %26%23%26%25%26%24%26%26%25%26%17%29%25%
Net Profit796981211111214281516
EPS in Rs11.2614.519.8814.0612.7019.1316.5317.1119.2022.3043.3123.1325.54

Last Updated: July 10, 2024, 5:05 pm

Foseco India Ltd Quarterly Chart

Foseco India Ltd Profit & Loss

Last Updated: July 10, 2024, 5:05 pm

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022TTM
Sales233247227263292340358362323251338407461
Expenses193211196224241285306312276230294343393
Operating Profit40363139515551514621446368
OPM %17%15%13%15%17%16%14%14%14%8%13%16%15%
Other Income22232234866731
Interest0100010000000
Depreciation4555555546699
Profit before tax37322738485148505021436190
Tax %32%32%34%35%34%36%34%36%30%27%25%25%
Net Profit25221825323332323515334669
EPS in Rs39.5834.1727.9038.5049.6851.8049.4350.1754.0724.1851.1571.98107.94
Dividend Payout %46%41%88%55%53%44%51%50%46%62%49%56%

Foseco India Ltd Profit & Loss Yearly Chart

Foseco India Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:6%
3 Years:24%
TTM:17%
Compounded Profit Growth
10 Years:13%
5 Years:15%
3 Years:60%
TTM:35%
Stock Price CAGR
10 Years:20%
5 Years:29%
3 Years:41%
1 Year:64%
Return on Equity
10 Years:21%
5 Years:19%
3 Years:21%
Last Year:24%

Last Updated: July 17, 2024, 5:45 pm

Foseco India Ltd Balance Sheet

Last Updated: July 10, 2024, 5:05 pm

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Equity Capital666666666666
Reserves838391103118139150165176202233280
Borrowings1086421000001
Other Liabilities42504850577582778086106132
Total Liabilities141147152163183221238249263294345420
Fixed Assets312826262623203431353139
CWIP001101625011
Investments000000000000
Other Assets110119125136157197213213227259313379
Total Assets141147152163183221238249263294345420

Foseco India Ltd Reserves and Borrowings Chart

Foseco India Ltd Cash Flow

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Cash from Operating Activity 202225173266474730205957
Cash from Investing Activity -7-1-1-4-62-5-9-2-0-3-12
Cash from Financing Activity -12-14-22-25-20-17-22-19-3-6-16-26
Net Cash Flow172-12651211925134019

Foseco India Ltd Financial Efficiency Indicators

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Debtor Days99103101113107103888294807678
Inventory Days233232353529363932433246
Days Payable7786738081109111130173136139160
Cash Conversion Cycle45496068612312-8-46-13-31-36
Working Capital Days5449567270453120321119
ROCE %35%29%38%45%44%36%33%30%12%22%28%

Foseco India Ltd Financial Efficiency Indicators Chart

Foseco India Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%
FIIs0.00%0.00%0.00%0.04%0.07%0.09%0.18%0.23%0.26%0.22%0.24%0.19%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.05%0.12%0.10%0.14%
Public25.01%25.01%25.01%24.97%24.94%24.92%24.82%24.78%24.70%24.67%24.67%24.67%
No. of Shareholders9,3989,54610,28010,87911,46311,15711,34711,52112,58512,94812,37012,097

Foseco India Ltd Shareholding Pattern Chart

No. of Foseco India Ltd Shareholders

This stock is not held by any mutual fund

Foseco India Ltd ROCE Trend

Foseco India Ltd EPS Trend

Foseco India Ltd Key Financial Ratios

MonthDec 23Dec 22Dec 21Dec 20Dec 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)114.2871.9851.1624.1754.07
Diluted EPS (Rs.)114.2871.9851.1624.1754.07
Cash EPS (Rs.)126.4885.9260.3633.4260.64
Book Value[Excl.RevalReserv]/Share (Rs.)448.78374.25326.73285.99268.36
Book Value[Incl.RevalReserv]/Share (Rs.)448.78374.25326.73285.99268.36
Dividend / Share (Rs.)25.0040.0025.0015.0015.00
Revenue From Operations / Share (Rs.)747.53636.87529.26393.25505.01
PBDIT / Share (Rs.)142.70109.9777.0442.2884.28
PBIT / Share (Rs.)130.5096.0367.8333.0277.71
PBT / Share (Rs.)148.9996.0367.8333.0277.71
Net Profit / Share (Rs.)114.2871.9851.1624.1754.07
PBDIT Margin (%)19.0817.2614.5510.7516.68
PBIT Margin (%)17.4515.0712.818.3915.38
PBT Margin (%)19.9315.0712.818.3915.38
Net Profit Margin (%)15.2811.309.666.1410.70
Return on Networth / Equity (%)25.4619.2315.658.4520.14
Return on Capital Employeed (%)28.8925.5520.7011.5028.82
Return On Assets (%)17.3913.3111.095.8613.88
Asset Turnover Ratio (%)1.251.271.210.981.32
Current Ratio (X)2.842.912.982.742.70
Quick Ratio (X)2.592.722.722.582.44
Inventory Turnover Ratio (X)9.3710.1510.478.178.90
Dividend Payout Ratio (NP) (%)35.0034.7319.5420.6846.23
Dividend Payout Ratio (CP) (%)31.6229.0916.5614.9541.22
Earning Retention Ratio (%)65.0065.2780.4679.3253.77
Cash Earning Retention Ratio (%)68.3870.9183.4485.0558.78
Interest Coverage Ratio (X)1246.690.000.0038571.1441404.69
Interest Coverage Ratio (Post Tax) (X)836.820.000.0022053.5726564.77
Enterprise Value (Cr.)2210.851039.64758.83700.49722.16
EV / Net Operating Revenue (X)4.632.562.242.792.24
EV / EBITDA (X)24.2614.8015.4225.9413.42
MarketCap / Net Operating Revenue (X)5.113.022.693.332.59
Retention Ratios (%)64.9965.2680.4579.3153.76
Price / BV (X)8.525.144.354.594.87
Price / Net Operating Revenue (X)5.113.022.693.332.59
EarningsYield0.020.030.030.010.04

Foseco India Ltd Profitability Ratios (%)

Foseco India Ltd Liquidity Ratios

Foseco India Ltd Liquidity Ratios (%)

Foseco India Ltd Interest Coverage Ratios (%)

Foseco India Ltd Valuation Ratios

Fair Value

Fair Value: 5,360.56

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: 14.10% compared to the current price 4698

Intrinsic Value: 6,155.38

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: 31.02% compared to the current price 4698

Last 5 Year EPS CAGR: 14.83%

*Investments are subject to market risks

Strength and Weakness of Foseco India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 29.33%, which is a positive sign.
  2. The company has higher reserves (151.92 cr) compared to borrowings (2.67 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (315.54 cr) and profit (45.85 cr) over the years.
  1. The stock has a high average Working Capital Days of 36.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 15.33, which may not be favorable.

FAQ

What is the latest fair value of Foseco India Ltd?

The latest fair value of Foseco India Ltd is ₹5360.56.

What is the Market Cap of Foseco India Ltd?

The Market Cap of Foseco India Ltd is 3,002 Cr..

What is the current Stock Price of Foseco India Ltd as on 27 July 2024?

The current stock price of Foseco India Ltd as on 27 July 2024 is 4,698.

What is the High / Low of Foseco India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Foseco India Ltd stocks is 4,750/2,852.

What is the Stock P/E of Foseco India Ltd?

The Stock P/E of Foseco India Ltd is 46.1.

What is the Book Value of Foseco India Ltd?

The Book Value of Foseco India Ltd is 476.

What is the Dividend Yield of Foseco India Ltd?

The Dividend Yield of Foseco India Ltd is 0.53 %.

What is the ROCE of Foseco India Ltd?

The ROCE of Foseco India Ltd is 31.7 %.

What is the ROE of Foseco India Ltd?

The ROE of Foseco India Ltd is 24.3 %.

What is the Face Value of Foseco India Ltd?

The Face Value of Foseco India 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 Foseco India 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