Stock P/E, Current Price, and Intrinsic Value Over Time
Competitors of Gandhi Special Tubes 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
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
36
40
33
37
35
32
44
52
37
35
46
44
41
Expenses
21
24
20
23
24
21
27
33
25
22
29
28
26
Operating Profit
15
16
13
14
11
11
17
19
12
13
17
16
16
OPM %
42%
41%
41%
37%
32%
33%
38%
37%
32%
37%
37%
36%
38%
Other Income
1
1
2
2
1
1
0
2
2
2
4
3
3
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
1
1
1
1
1
1
1
1
1
1
1
1
1
Profit before tax
16
17
14
15
11
10
16
20
13
14
20
18
18
Tax %
25%
25%
23%
26%
26%
19%
25%
25%
25%
24%
23%
25%
25%
Net Profit
12
13
11
11
8
8
12
15
10
10
16
13
13
EPS in Rs
9.34
9.92
8.57
8.41
6.76
6.92
9.84
12.64
7.87
8.61
12.98
10.90
10.87
Last Updated: August 9, 2024, 6:41 pm
Quarterly Chart
Profit & Loss - Annual Report
Last Updated: August 9, 2024, 6:41 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
107
96
84
92
91
98
114
123
81
114
137
167
162
Expenses
67
63
57
69
64
65
73
77
57
69
88
107
104
Operating Profit
40
32
26
23
27
33
41
46
24
45
49
61
57
OPM %
38%
34%
31%
25%
30%
34%
36%
37%
30%
39%
36%
36%
36%
Other Income
6
3
8
4
3
10
8
8
6
6
5
5
10
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
5
4
5
5
5
4
4
4
4
3
3
3
3
Profit before tax
42
31
29
23
25
38
45
50
26
48
50
63
64
Tax %
28%
28%
41%
31%
26%
19%
26%
22%
18%
24%
24%
25%
Net Profit
30
22
17
16
19
31
34
39
21
36
39
47
49
EPS in Rs
20.29
15.01
11.78
10.75
12.62
20.96
24.29
27.96
16.54
27.98
31.74
38.96
40.36
Dividend Payout %
30%
40%
64%
70%
59%
43%
37%
32%
54%
32%
32%
31%
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 (%)
-26.67%
-22.73%
-5.88%
18.75%
63.16%
9.68%
14.71%
-46.15%
71.43%
8.33%
20.51%
Change in YoY Net Profit Growth (%)
0.00%
3.94%
16.84%
24.63%
44.41%
-53.48%
5.03%
-60.86%
117.58%
-63.10%
12.18%
Growth
Compounded Sales Growth
10 Years:
7%
5 Years:
7%
3 Years:
15%
TTM:
-2%
Compounded Profit Growth
10 Years:
14%
5 Years:
5%
3 Years:
10%
TTM:
6%
Stock Price CAGR
10 Years:
16%
5 Years:
21%
3 Years:
20%
1 Year:
4%
Return on Equity
10 Years:
19%
5 Years:
22%
3 Years:
24%
Last Year:
24%
Last Updated: September 6, 2024, 6:22 pm
Balance Sheet
Last Updated: August 9, 2024, 6:41 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
7
7
7
7
7
7
7
6
6
6
6
6
Reserves
143
150
153
158
180
170
194
140
165
141
176
217
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
13
15
14
15
18
20
20
15
20
19
20
20
Total Liabilities
164
172
174
180
206
197
221
162
192
166
202
243
Fixed Assets
52
64
63
59
55
51
51
48
45
47
44
43
CWIP
4
0
0
0
0
0
0
0
0
0
0
0
Investments
61
64
65
82
104
99
120
69
94
73
85
132
Other Assets
47
45
46
40
46
47
50
44
53
47
73
68
Total Assets
164
172
174
180
206
197
221
162
192
166
202
243
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 ActivityÂ
27
14
15
29
21
32
31
19
32
42
45
26
Cash from Investing ActivityÂ
-18
-4
-1
-14
-5
13
-17
56
-20
22
-7
-37
Cash from Financing ActivityÂ
-10
-10
-13
-13
-16
-44
-15
-76
-12
-64
-12
-15
Net Cash Flow
-1
-1
0
1
0
1
-1
-1
1
-0
26
-25
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
40.00
32.00
26.00
23.00
27.00
33.00
41.00
46.00
24.00
45.00
49.00
61.00
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
57
67
50
65
61
62
46
66
82
44
39
42
Inventory Days
234
292
300
186
288
197
231
308
204
179
138
233
Days Payable
17
24
13
10
10
16
15
12
17
10
9
9
Cash Conversion Cycle
273
335
337
240
339
243
262
362
269
213
168
265
Working Capital Days
120
156
152
120
139
107
113
168
122
92
72
115
ROCE %
21%
15%
13%
15%
21%
25%
26%
15%
30%
30%
36%
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
72.99%
73.37%
73.53%
73.53%
73.52%
73.52%
73.52%
73.52%
73.52%
73.52%
73.52%
73.52%
FIIs
0.16%
0.19%
0.19%
0.19%
0.22%
0.28%
1.28%
1.49%
1.49%
1.49%
1.43%
1.43%
DIIs
0.01%
0.02%
0.02%
0.02%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
26.84%
26.42%
26.27%
26.27%
26.26%
26.19%
25.20%
24.98%
24.99%
24.99%
25.05%
25.06%
No. of Shareholders
13,009
10,285
10,150
9,925
9,572
9,651
9,019
9,452
10,354
11,109
11,479
11,609
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
Mar 22
Mar 21
Mar 20
FaceValue
5.00
5.00
5.00
5.00
5.00
Basic EPS (Rs.)
45.74
38.95
30.66
27.98
15.93
Diluted EPS (Rs.)
45.74
38.95
30.66
27.98
15.93
Cash EPS (Rs.)
48.27
41.53
34.41
30.54
19.30
Book Value[Excl.RevalReserv]/Share (Rs.)
183.33
149.85
121.11
133.10
113.46
Book Value[Incl.RevalReserv]/Share (Rs.)
183.33
149.85
121.11
133.10
113.46
Dividend / Share (Rs.)
13.00
12.00
10.00
9.00
9.00
Revenue From Operations / Share (Rs.)
140.62
137.82
112.73
87.88
62.65
PBDIT / Share (Rs.)
62.96
54.41
44.26
39.41
22.93
PBIT / Share (Rs.)
60.43
51.83
41.59
36.86
20.18
PBT / Share (Rs.)
60.35
51.73
41.55
36.82
20.15
Net Profit / Share (Rs.)
45.74
38.95
31.74
27.98
16.54
PBDIT Margin (%)
44.77
39.48
39.26
44.84
36.60
PBIT Margin (%)
42.97
37.61
36.89
41.94
32.20
PBT Margin (%)
42.91
37.53
36.85
41.89
32.15
Net Profit Margin (%)
32.52
28.26
28.15
31.84
26.40
Return on Networth / Equity (%)
24.94
25.99
26.20
21.02
14.58
Return on Capital Employeed (%)
31.61
32.96
32.24
26.23
16.62
Return On Assets (%)
22.90
23.39
23.18
18.78
13.21
Asset Turnover Ratio (%)
0.76
0.90
0.76
0.64
0.42
Current Ratio (X)
6.79
8.46
8.33
10.84
15.17
Quick Ratio (X)
2.75
6.36
5.87
8.92
10.05
Inventory Turnover Ratio (X)
1.96
2.70
2.17
1.59
1.15
Dividend Payout Ratio (NP) (%)
26.23
25.67
30.14
32.16
58.18
Dividend Payout Ratio (CP) (%)
24.86
24.07
27.80
29.47
49.89
Earning Retention Ratio (%)
73.77
74.33
69.86
67.84
41.82
Cash Earning Retention Ratio (%)
75.14
75.93
72.20
70.53
50.11
Interest Coverage Ratio (X)
807.05
536.27
1007.23
1032.72
701.99
Interest Coverage Ratio (Post Tax) (X)
587.28
384.92
723.21
734.31
507.46
Enterprise Value (Cr.)
889.97
568.08
422.14
340.80
262.72
EV / Net Operating Revenue (X)
5.21
3.39
3.08
3.00
3.25
EV / EBITDA (X)
11.63
8.59
7.85
6.69
8.87
MarketCap / Net Operating Revenue (X)
5.23
3.56
3.10
3.03
3.27
Retention Ratios (%)
73.76
74.32
69.85
67.83
41.81
Price / BV (X)
4.01
3.27
2.88
2.00
1.81
Price / Net Operating Revenue (X)
5.23
3.56
3.10
3.03
3.27
EarningsYield
0.06
0.07
0.09
0.10
0.08
Profitability Ratios (%)
Liquidity Ratios
Liquidity Ratios (%)
Interest Coverage Ratios (%)
Valuation Ratios
Fair Value
Fair Value: ₹770.50
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: 0.71% compared to the current price ₹776.00
Intrinsic Value: 920.99
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: 18.68% compared to the current price ₹776.00
Last 5 Year EPS CAGR: 19.53%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The stock has a high average ROCE of 23.25%, which is a positive sign.
The company has higher reserves (165.58 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
The company has shown consistent growth in sales (112.77 cr) and profit (41.08 cr) over the years.
The stock has a high average Working Capital Days of 123.00, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 275.50, 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 Gandhi Special Tubes 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%: 24.94% (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: 17.4 (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
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
Gandhi Special Tubes Ltd. is a Public Limited Listed company incorporated on 22/04/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L27104MH1985PLC036004 and registration number is 036004. Currently Company is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company’s Total Operating Revenue is Rs. 136.99 Cr. and Equity Capital is Rs. 6.08 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 Gandhi Special Tubes 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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