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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

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, Sanaswadi, 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

Foseco India Ltd. Share Price Update

Share PriceValue
Today₹3,774.00
Previous Day₹3,691.30

Basic Stock Data of Foseco India Ltd

Market Cap 2,427 Cr.
Current Price 3,799
High / Low4,150/1,965
Stock P/E40.8
Book Value 399
Dividend Yield0.66 %
ROCE27.7 %
ROE20.7 %
Face Value 10.0

Data Source: screener.in

Foseco India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales69828975878799100103106111121123
Expenses6173766875768385888895103107
Operating Profit89137121215141518151816
OPM %11%11%14%9%14%13%15%14%15%17%14%15%13%
Other Income12131121225177
Interest0000000000000
Depreciation2111222224222
Profit before tax710129121116141516193321
Tax %27%26%23%26%25%26%24%26%26%25%26%17%29%
Net Profit57969812111112142815
EPS in Rs7.9511.2614.519.8814.0612.7019.1316.5317.1119.2022.3043.3123.13

Foseco India Ltd Quarterly Chart

Foseco India Ltd Profit & Loss

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:5%
5 Years:3%
3 Years:8%
TTM:19%
Compounded Profit Growth
10 Years:8%
5 Years:8%
3 Years:10%
TTM:42%
Stock Price CAGR
10 Years:22%
5 Years:23%
3 Years:46%
1 Year:86%
Return on Equity
10 Years:21%
5 Years:18%
3 Years:16%
Last Year:21%

Foseco India Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Jun 2023
Equity Capital6666666666666
Reserves72838391103118139150165176202233249
Borrowings111086421000000
Other Liabilities4442504850577582778086106133
Total Liabilities133141147152163183221238249263294345388
Fixed Assets26312826262623203431353131
CWIP2001101625012
Investments0000000000000
Other Assets104110119125136157197213213227259313355
Total Assets133141147152163183221238249263294345388

Foseco India Ltd Reserves and Borrowings Chart

Foseco India Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Cash from Operating Activity 122022251732664747302059
Cash from Investing Activity -6-7-1-1-4-62-5-9-2-0-3
Cash from Financing Activity -15-12-14-22-25-20-17-22-19-3-6-16
Net Cash Flow-9172-126512119251340

Foseco India Ltd Financial Efficiency Indicators

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Debtor Days100991031011131071038882948076
Inventory Days252332323535293639324332
Days Payable867786738081109111130173136139
Cash Conversion Cycle3845496068612312-8-46-13-31
Working Capital Days56544956727045312032111
ROCE %45%35%29%38%45%44%36%33%30%12%22%28%

Foseco India Ltd Financial Efficiency Indicators Chart

Foseco India Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
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%0.00%0.00%0.00%0.04%0.07%0.09%0.18%0.23%0.26%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.05%
Public25.01%25.01%25.01%25.01%25.01%25.01%24.97%24.94%24.92%24.82%24.78%24.70%
No. of Shareholders9,0269,0519,2109,3989,54610,28010,87911,46311,15711,34711,52112,585

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 22Dec 21Dec 20Dec 19Dec 18
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)71.9851.1624.1754.0750.16
Diluted EPS (Rs.)71.9851.1624.1754.0750.16
Cash EPS (Rs.)85.9260.3633.4260.6457.27
Book Value[Excl.RevalReserv]/Share (Rs.)374.25326.73285.99268.36244.43
Book Value[Incl.RevalReserv]/Share (Rs.)374.25326.73285.99268.36244.43
Dividend / Share (Rs.)40.0025.0015.0015.0025.00
Revenue From Operations / Share (Rs.)636.87529.26393.25505.01567.06
PBDIT / Share (Rs.)109.9777.0442.2884.2885.84
PBIT / Share (Rs.)96.0367.8333.0277.7178.73
PBT / Share (Rs.)96.0367.8333.0277.7178.40
Net Profit / Share (Rs.)71.9851.1624.1754.0750.16
PBDIT Margin (%)17.2614.5510.7516.6815.13
PBIT Margin (%)15.0712.818.3915.3813.88
PBT Margin (%)15.0712.818.3915.3813.82
Net Profit Margin (%)11.309.666.1410.708.84
Return on Networth / Equity (%)19.2315.658.4520.1420.52
Return on Capital Employeed (%)25.5520.7011.5028.8231.73
Return On Assets (%)13.3111.095.8613.8813.43
Asset Turnover Ratio (%)1.271.210.981.321.58
Current Ratio (X)2.912.982.742.702.55
Quick Ratio (X)2.722.722.582.442.29
Inventory Turnover Ratio (X)10.1510.478.178.9011.08
Dividend Payout Ratio (NP) (%)34.7319.5420.6846.2353.82
Dividend Payout Ratio (CP) (%)29.0916.5614.9541.2247.14
Earning Retention Ratio (%)65.2780.4679.3253.7746.18
Cash Earning Retention Ratio (%)70.9183.4485.0558.7852.86
Interest Coverage Ratio (X)0.000.0038571.1441404.69262.68
Interest Coverage Ratio (Post Tax) (X)0.000.0022053.5726564.77154.51
Enterprise Value (Cr.)1039.64758.83700.49722.16820.08
EV / Net Operating Revenue (X)2.562.242.792.242.26
EV / EBITDA (X)14.8015.4225.9413.4214.96
MarketCap / Net Operating Revenue (X)3.022.693.332.592.52
Retention Ratios (%)65.2680.4579.3153.7646.17
Price / BV (X)5.144.354.594.875.85
Price / Net Operating Revenue (X)3.022.693.332.592.52
EarningsYield0.030.030.010.040.03

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 of Foseco India Ltd Stock

Fair Value: ₹3392.04

The stock is overvalued by 10.71% compared to the current price ₹3799

*Investments are subject to market risks

Strength and Weakness of Foseco India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 33.08%, which is a positive sign.
  2. The company has higher reserves (143.38 cr) compared to borrowings (3.23 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 is trading at a high valuation with an average P/B ratio of 79.88 and average Dividend Yield of 13.11%.
  2. The stock has a high average Working Capital Days of 40.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 21.50, which may not be favorable.

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