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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

GPT Infraprojects Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 11:14 pm

Market Cap 1,699 Cr.
Current Price 134
High / Low207/66.6
Stock P/E28.1
Book Value 39.8
Dividend Yield1.12 %
ROCE21.6 %
ROE19.1 %
Face Value 10.0
PEG Ratio1.15

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

View Share Price Target for GPT Infraprojects Ltd

Competitors of GPT Infraprojects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of GPT Infraprojects Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales143171212122128160265188153200268236234
Expenses121148188103112140236166133179244210202
Operating Profit22222419162029222021242631
OPM %15%13%11%16%13%13%11%12%13%11%9%11%13%
Other Income3121111112241
Interest1110991010109991098
Depreciation6655555555444
Profit before tax881252714969121720
Tax %30%37%36%33%53%34%28%25%30%24%10%27%29%
Net Profit65842511757101214
EPS in Rs0.900.851.440.780.531.011.861.360.951.301.792.282.32

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales424483453390503502520578618609675809938
Expenses363421394331435436451514539524590722835
Operating Profit616259596865696379858487103
OPM %14%13%13%15%14%13%13%11%13%14%12%11%11%
Other Income68771013181757768
Interest26323841393839424139393736
Depreciation15192020191722232422201917
Profit before tax261986202425151930323758
Tax %28%24%18%29%36%24%19%15%31%33%29%20%
Net Profit181464131821131320233043
EPS in Rs2.712.350.870.702.113.053.432.022.583.474.185.407.69
Dividend Payout %14%10%28%0%23%20%29%49%29%36%36%46%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-22.22%-57.14%-33.33%225.00%38.46%16.67%-38.10%0.00%53.85%15.00%30.43%
Change in YoY Net Profit Growth (%)0.00%-34.92%23.81%258.33%-186.54%-21.79%-54.76%38.10%53.85%-38.85%15.43%

GPT Infraprojects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:12%
3 Years:19%
TTM:15%
Compounded Profit Growth
10 Years:26%
5 Years:36%
3 Years:40%
TTM:41%
Stock Price CAGR
10 Years:27%
5 Years:68%
3 Years:88%
1 Year:99%
Return on Equity
10 Years:9%
5 Years:11%
3 Years:13%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:39 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital141414141529292929295858126
Reserves143146148152179182184196211227219244376
Borrowings239261250237232259257240270262252193116
Other Liabilities192186196216214240231264211201252231260
Total Liabilities588607609620639711701729720719781726878
Fixed Assets125143121115142151132120108106134135147
CWIP32143323112725
Investments0110292927262628252333
Other Assets461462473502465529539581586584615566694
Total Assets588607609620639711701729720719781726878

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +19494060844662572272119113
Cash from Investing Activity +-36-3710-10-39-26-8-36-14-60-8
Cash from Financing Activity +20-15-50-51-44-21-51-57-27-58-56-108
Net Cash Flow3-3-0-21-03-4113-2

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow61.00-177.00-202.00-191.00-169.00-167.00-190.00-194.00-161.00-185.00-178.00-165.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days837168605846376050321825
Inventory Days467295453462558628348606425559613900
Days Payable6084957207779831,0366401,1906166019411,150
Cash Conversion Cycle-58-129-200-254-366-361-255-524-141-10-311-225
Working Capital Days164182180146113144135154183185140107
ROCE %13%11%11%14%15%14%12%13%14%14%14%22%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Aug 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%69.06%
FIIs0.00%0.00%0.09%0.03%0.14%0.06%0.06%0.06%0.59%0.74%0.90%7.52%
DIIs2.37%2.37%2.37%2.37%2.28%2.28%2.28%1.51%3.67%4.51%4.54%5.95%
Public22.63%22.63%22.54%22.60%22.57%22.66%22.65%23.44%20.74%19.76%19.55%17.48%
No. of Shareholders9,1209,6108,9119,71211,38211,61211,89310,31610,56012,85725,03932,510

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Infrastructure Fund876,2001.39.9876,2002024-11-230%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.945.408.376.955.17
Diluted EPS (Rs.)9.945.408.376.955.17
Cash EPS (Rs.)12.438.1213.6414.4712.63
Book Value[Excl.RevalReserv]/Share (Rs.)51.6747.6588.5583.4077.95
Book Value[Incl.RevalReserv]/Share (Rs.)51.6747.6588.5583.4077.95
Revenue From Operations / Share (Rs.)175.48139.41232.61210.22213.44
PBDIT / Share (Rs.)21.9415.8330.2331.4028.86
PBIT / Share (Rs.)19.2312.6123.2423.7420.71
PBT / Share (Rs.)13.606.189.8410.246.49
Net Profit / Share (Rs.)9.714.906.656.814.48
NP After MI And SOA / Share (Rs.)9.945.408.376.955.17
PBDIT Margin (%)12.5011.3512.9914.9313.52
PBIT Margin (%)10.959.049.9911.299.70
PBT Margin (%)7.754.434.224.873.03
Net Profit Margin (%)5.533.512.863.242.09
NP After MI And SOA Margin (%)5.663.873.593.302.42
Return on Networth / Equity (%)19.1111.329.508.426.69
Return on Capital Employeed (%)30.9620.5119.3822.0022.39
Return On Assets (%)7.944.013.382.792.05
Long Term Debt / Equity (X)0.080.130.160.130.01
Total Debt / Equity (X)0.620.880.981.061.02
Asset Turnover Ratio (%)1.351.090.960.820.86
Current Ratio (X)1.431.301.411.231.14
Quick Ratio (X)1.061.021.111.000.94
Inventory Turnover Ratio (X)0.350.630.770.720.64
Dividend Payout Ratio (NP) (%)35.1932.4229.8743.16-6.46
Dividend Payout Ratio (CP) (%)27.6420.3216.2820.53-2.50
Earning Retention Ratio (%)64.8167.5870.1356.840.00
Cash Earning Retention Ratio (%)72.3679.6883.7279.470.00
Interest Coverage Ratio (X)3.902.462.262.332.03
Interest Coverage Ratio (Post Tax) (X)2.731.761.501.501.31
Enterprise Value (Cr.)1060.45473.47452.14342.34245.63
EV / Net Operating Revenue (X)1.040.580.660.550.39
EV / EBITDA (X)8.315.145.143.752.93
MarketCap / Net Operating Revenue (X)0.880.310.320.170.06
Retention Ratios (%)64.8067.5770.1256.830.00
Price / BV (X)2.970.910.850.440.19
Price / Net Operating Revenue (X)0.880.310.320.170.06
EarningsYield0.060.120.110.180.34

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of GPT Infraprojects Ltd as of November 24, 2024 is: 216.00

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 November 24, 2024, GPT Infraprojects Ltd is Undervalued by 61.19% compared to the current share price 134.00

Intrinsic Value of GPT Infraprojects Ltd as of November 24, 2024 is: 268.73

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 November 24, 2024, GPT Infraprojects Ltd is Undervalued by 100.54% compared to the current share price 134.00

Last 5 Year EPS CAGR: 24.41%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -236.17, which is a positive sign.
  2. The company has shown consistent growth in sales (577.08 cr) and profit (24.54 cr) over the years.
  1. The stock has a low average ROCE of 13.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 152.75, which may not be favorable.
  3. The company has higher borrowings (236.00) compared to reserves (200.54), which may suggest financial risk.

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 GPT Infraprojects Ltd:
    1. Net Profit Margin: 5.53%
      • 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: 30.96% (Industry Average ROCE: 0.59%)
      • 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%: 19.11% (Industry Average ROE: 0.49%)
      • 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): 2.73
      • 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: 1.06
      • 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: 28.1 (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.
    7. Total Debt / Equity: 0.62
      • 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

GPT Infraprojects Ltd. is a Public Limited Listed company incorporated on 18/07/1980 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L20103WB1980PLC032872 and registration number is 032872. Currently Company is involved in the business activities of Manufacture of articles articles of concrete, cement or artificial stone (tiles, bricks etc.). Company’s Total Operating Revenue is Rs. 671.07 Cr. and Equity Capital is Rs. 29.09 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cement ProductsGPT Centre, JC-25, Sector-III, Kolkata West Bengal 700106gil.cosec@gptgroup.co.in
http://www.gptinfra.in
Management
NamePosition Held
Mr. Dwarika Prasad TantiaChairman
Mr. Shree Gopal TantiaManaging Director
Mr. Atul TantiaExecutive Director & CFO
Mr. Vaibhav TantiaDirector & COO
Mr. Kashi Prasad KhandelwalInd. Non-Executive Director
Mr. Sunil Ishwarlal PatwariInd. Non-Executive Director
Mr. Shankar Jyoti DebInd. Non-Executive Director
Dr. Mamta BinaniInd. Non-Executive Woman Director

FAQ

What is the latest intrinsic value of GPT Infraprojects Ltd?

The latest intrinsic value of GPT Infraprojects Ltd as on 24 November 2024 is ₹216.00, which is 61.19% higher than the current market price of ₹134.00.

What is the Market Cap of GPT Infraprojects Ltd?

The Market Cap of GPT Infraprojects Ltd is 1,699 Cr..

What is the current Stock Price of GPT Infraprojects Ltd as on 24 November 2024?

The current stock price of GPT Infraprojects Ltd as on 24 November 2024 is 134.

What is the High / Low of GPT Infraprojects Ltd stocks in FY 2024?

In FY 2024, the High / Low of GPT Infraprojects Ltd stocks is 207/66.6.

What is the Stock P/E of GPT Infraprojects Ltd?

The Stock P/E of GPT Infraprojects Ltd is 28.1.

What is the Book Value of GPT Infraprojects Ltd?

The Book Value of GPT Infraprojects Ltd is 39.8.

What is the Dividend Yield of GPT Infraprojects Ltd?

The Dividend Yield of GPT Infraprojects Ltd is 1.12 %.

What is the ROCE of GPT Infraprojects Ltd?

The ROCE of GPT Infraprojects Ltd is 21.6 %.

What is the ROE of GPT Infraprojects Ltd?

The ROE of GPT Infraprojects Ltd is 19.1 %.

What is the Face Value of GPT Infraprojects Ltd?

The Face Value of GPT Infraprojects 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 GPT Infraprojects 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