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Last Updated on: 18 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Integra Engineering India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 3:03 pm

Market Cap 834 Cr.
Current Price 243
High / Low329/198
Stock P/E55.1
Book Value 24.8
Dividend Yield0.00 %
ROCE24.3 %
ROE20.9 %
Face Value 1.00
PEG Ratio1.83

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

View Share Price Target for Integra Engineering India Ltd

Competitors of Integra Engineering India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HLE Glascoat Ltd 2,548 Cr. 373582/35085.3 63.20.29 %13.1 %8.62 % 2.00
Harish Textile Engineers Ltd 30.4 Cr. 91.3102/42.7 27.80.00 %10.8 %2.98 % 10.0
Disa India Ltd 2,626 Cr. 18,05720,900/12,65256.4 1,7801.11 %25.9 %19.2 % 10.0
Cranex Ltd 86.2 Cr. 144190/47.045.9 19.50.00 %10.1 %14.9 % 10.0
Concord Control Systems Ltd 1,037 Cr. 1,7342,062/53868.8 91.10.00 %72.8 %60.3 % 10.0
Industry Average12,595.17 Cr1,938.6558.75259.200.26%20.32%16.23%5.59

All Competitor Stocks of Integra Engineering India Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales17.3018.5419.3127.0026.6830.7627.6332.9236.8835.7338.2434.7740.44
Expenses14.4616.1816.1523.1422.9326.8124.8828.0330.0828.7231.5329.3532.99
Operating Profit2.842.363.163.863.753.952.754.896.807.016.715.427.45
OPM %16.42%12.73%16.36%14.30%14.06%12.84%9.95%14.85%18.44%19.62%17.55%15.59%18.42%
Other Income0.580.530.450.460.230.150.120.150.160.140.200.240.15
Interest0.170.210.160.260.260.320.250.280.380.270.300.300.36
Depreciation0.390.390.390.420.420.430.480.520.560.600.640.680.71
Profit before tax2.862.293.063.643.303.352.144.246.026.285.974.686.53
Tax %28.32%30.13%29.08%28.85%34.85%34.93%29.91%33.73%-51.66%24.04%30.15%26.28%35.83%
Net Profit2.051.612.172.602.152.191.492.819.124.774.183.464.19
EPS in Rs0.600.470.630.760.630.640.440.822.651.391.221.011.22

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7232328263245636363104133146
Expenses824242826324153555589112120
Operating Profit-1-1-1-0005988152126
OPM %-20%-4%-5%-0%1%0%10%15%13%13%14%16%18%
Other Income2-012242222111
Interest0110011111111
Depreciation0112111112222
Profit before tax0-2-1-0225988131923
Tax %6%48%21%92%33%35%29%-23%31%30%32%3%
Net Profit0-1-1-0123116591822
EPS in Rs-0.35-0.21-0.000.380.451.003.251.681.582.665.296.27
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)100.00%50.00%266.67%-45.45%-16.67%80.00%100.00%
Change in YoY Net Profit Growth (%)0.00%-50.00%216.67%-312.12%28.79%96.67%20.00%

Integra Engineering India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2016-2017 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:20%
5 Years:19%
3 Years:33%
TTM:3%
Compounded Profit Growth
10 Years:40%
5 Years:5%
3 Years:38%
TTM:-30%
Stock Price CAGR
10 Years:27%
5 Years:45%
3 Years:45%
1 Year:-16%
Return on Equity
10 Years:25%
5 Years:24%
3 Years:26%
Last Year:21%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:33 pm

MonthDec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital3333333333333
Reserves98895920263140597382
Borrowings17161612192022192437202530
Other Liabilities585561010151627242427
Total Liabilities353533303343556375107106126142
Fixed Assets798891112161619253035
CWIP00000000000913
Investments0000000000000
Other Assets28262422253144475988818794
Total Assets353533303343556375107106126142

Reserves and Borrowings Chart

Cash Flow

MonthDec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-0412105512-7917
Cash from Investing Activity +-2-3021-4-1-8-82-7-16
Cash from Financing Activity +-2-2-1-3-0-0-0-0-010-1
Net Cash Flow-4-1101-43-34-430

Free Cash Flow

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-1.00-18.00-17.00-16.00-12.00-19.00-15.00-13.00-11.00-16.00-22.001.00

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

MonthDec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1339665958512710713714015999100
Inventory Days241255177129124112119116131177139152
Days Payable80140587384121906156895042
Cash Conversion Cycle294211185151126118137192216248188211
Working Capital Days253191153122296081117122175116127
ROCE %1%-0%1%6%8%18%26%20%16%21%24%24%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters54.67%54.67%54.67%54.67%54.48%54.48%54.48%54.48%54.48%54.48%54.48%54.48%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.37%
DIIs0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%
Public45.04%45.04%45.04%45.04%45.23%45.23%45.23%45.23%45.23%45.24%45.21%44.86%
No. of Shareholders20,24620,14619,95819,70419,89419,49219,72721,61622,66825,36725,86728,655

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)4.235.302.661.581.68
Diluted EPS (Rs.)4.235.302.661.581.68
Cash EPS (Rs.)5.035.923.142.032.09
Book Value[Excl.RevalReserv]/Share (Rs.)22.3518.1012.7310.098.48
Book Value[Incl.RevalReserv]/Share (Rs.)22.3518.1012.7310.098.48
Revenue From Operations / Share (Rs.)42.7238.7530.3018.4018.37
PBDIT / Share (Rs.)7.296.404.672.913.08
PBIT / Share (Rs.)6.485.774.192.462.68
PBT / Share (Rs.)6.125.433.902.252.45
Net Profit / Share (Rs.)4.235.292.661.581.68
NP After MI And SOA / Share (Rs.)4.235.292.661.581.68
PBDIT Margin (%)17.0616.5215.4215.7916.75
PBIT Margin (%)15.1614.8913.8213.3614.56
PBT Margin (%)14.3114.0112.8612.2313.32
Net Profit Margin (%)9.8813.658.778.589.16
NP After MI And SOA Margin (%)9.8813.658.778.589.16
Return on Networth / Equity (%)18.9029.2220.8815.6519.86
Return on Capital Employeed (%)28.8926.4525.3717.9021.96
Return On Assets (%)11.5617.108.487.189.09
Long Term Debt / Equity (X)0.000.000.280.350.42
Total Debt / Equity (X)0.320.110.840.700.65
Asset Turnover Ratio (%)1.271.251.140.901.06
Current Ratio (X)1.722.361.611.891.90
Quick Ratio (X)1.051.461.051.461.41
Inventory Turnover Ratio (X)2.622.563.252.892.98
Interest Coverage Ratio (X)20.0618.7316.1013.9713.48
Interest Coverage Ratio (Post Tax) (X)12.6316.4810.158.598.38
Enterprise Value (Cr.)803.38439.58273.9099.7580.45
EV / Net Operating Revenue (X)5.473.302.641.581.28
EV / EBITDA (X)32.0719.9817.1110.027.63
MarketCap / Net Operating Revenue (X)5.363.212.341.451.07
Price / BV (X)10.256.875.572.652.32
Price / Net Operating Revenue (X)5.363.212.341.451.07
EarningsYield0.010.040.030.050.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Integra Engineering India Ltd as of November 18, 2024 is: 291.31

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 18, 2024, Integra Engineering India Ltd is Undervalued by 19.88% compared to the current share price 243.00

Intrinsic Value of Integra Engineering India Ltd as of November 18, 2024 is: 379.09

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 18, 2024, Integra Engineering India Ltd is Undervalued by 56.00% compared to the current share price 243.00

Last 5 Year EPS CAGR: 30.13%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (29.15 cr) compared to borrowings (21.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (58.15 cr) and profit (6.62 cr) over the years.
  1. The stock has a low average ROCE of 13.75%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 128.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 189.75, 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 Integra Engineering India Ltd:
    1. Net Profit Margin: 9.88%
      • 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: 20.32%)
      • 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%: 18.9% (Industry Average ROE: 16.23%)
      • 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): 12.63
      • 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: 1.05
      • 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: 55.1 (Industry average Stock P/E: 58.75)
      • 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: 0.32
      • 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

Integra Engineering India Ltd. is a Public Limited Listed company incorporated on 03/06/1981 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L29199GJ1981PLC028741 and registration number is 028741. Currently Company is involved in the business activities of Manufacture of mechanical and electro-mechanical signalling safety and traffic control equipment for railways, tramways, inland waterways, roads, parking facilities, airfields etc.. Company’s Total Operating Revenue is Rs. 103.75 Cr. and Equity Capital is Rs. 3.42 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - HeavyPost Box No. 55, Chandrapura Village, Panchmahal District Gujarat 389350info@integraengineering.in
http://www.integraengineering.in
Management
NamePosition Held
Mrs. Corinne RuckstuhlChairperson & Non Executive Director
Mr. Adrian OehlerNon Executive Director
Mr. Shalin S DivatiaIndependent Director
Mr. Mahendra SanghviIndependent Director
Mr. Rahul DivanIndependent Director
Mr. Bhargav PatelIndependent Director
Mr. Bharat SalhotraAdditional Director
Mrs. Komal SolomonAdditional Director
Mr. Jayesh MehtaAdditional Director

FAQ

What is the latest intrinsic value of Integra Engineering India Ltd?

The latest intrinsic value of Integra Engineering India Ltd as on 18 November 2024 is ₹291.31, which is 19.88% higher than the current market price of ₹243.00.

What is the Market Cap of Integra Engineering India Ltd?

The Market Cap of Integra Engineering India Ltd is 834 Cr..

What is the current Stock Price of Integra Engineering India Ltd as on 18 November 2024?

The current stock price of Integra Engineering India Ltd as on 18 November 2024 is ₹243.

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

In FY 2024, the High / Low of Integra Engineering India Ltd stocks is 329/198.

What is the Stock P/E of Integra Engineering India Ltd?

The Stock P/E of Integra Engineering India Ltd is 55.1.

What is the Book Value of Integra Engineering India Ltd?

The Book Value of Integra Engineering India Ltd is 24.8.

What is the Dividend Yield of Integra Engineering India Ltd?

The Dividend Yield of Integra Engineering India Ltd is 0.00 %.

What is the ROCE of Integra Engineering India Ltd?

The ROCE of Integra Engineering India Ltd is 24.3 %.

What is the ROE of Integra Engineering India Ltd?

The ROE of Integra Engineering India Ltd is 20.9 %.

What is the Face Value of Integra Engineering India Ltd?

The Face Value of Integra Engineering India Ltd is 1.00.

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 Integra Engineering 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