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Last Updated on: 08 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532481 | NSE: NOIDATOLL

Noida Toll Bridge Company Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 7, 2024, 2:48 pm

Market Cap 304 Cr.
Current Price 16.3
High / Low17.1/7.41
Stock P/E
Book Value 11.0
Dividend Yield0.00 %
ROCE11.0 %
ROE14.4 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Noida Toll Bridge Company Ltd

Competitors of Noida Toll Bridge Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Noida Toll Bridge Company Ltd 304 Cr. 16.317.1/7.41 11.00.00 %11.0 %14.4 % 10.0
MEP Infrastructure Developers Ltd 79.6 Cr. 4.3322.2/2.94 21.60.00 %20.9 %% 10.0
BF Utilities Ltd 3,520 Cr. 9351,129/53725.5 5.030.00 %25.7 %% 5.00
Industry Average1,912.00 Cr318.5425.5012.540.00%19.20%14.40%8.33

All Competitor Stocks of Noida Toll Bridge Company Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales1.126.852.175.996.356.326.524.543.243.544.099.9710.00
Expenses2.164.733.895.664.895.135.215.483.023.963.476.646.59
Operating Profit-1.042.12-1.720.331.461.191.31-0.940.22-0.420.623.333.41
OPM %-92.86%30.95%-79.26%5.51%22.99%18.83%20.09%-20.70%6.79%-11.86%15.16%33.40%34.10%
Other Income0.160.200.230.510.161.580.660.700.521.370.600.650.66
Interest0.000.010.010.010.010.010.010.000.010.000.000.000.00
Depreciation10.4210.5210.5010.4610.4310.5510.389.849.939.829.449.359.38
Profit before tax-11.30-8.21-12.00-9.63-8.82-7.79-8.42-10.08-9.20-8.87-8.22-5.37-5.31
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-11.30-8.22-12.00-9.63-8.83-7.79-8.43-10.09-9.19-8.87-8.22-5.37-5.31
EPS in Rs-0.61-0.44-0.65-0.51-0.47-0.42-0.45-0.54-0.49-0.48-0.44-0.29-0.29

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales108118123130871620251316242128
Expenses34323737422625181216211721
Operating Profit7386879345-9-571-0347
OPM %68%73%70%71%52%-58%-24%27%10%-2%13%18%25%
Other Income7683210511333
Interest13983678000000
Depreciation22232384243424242413938
Profit before tax668184613-57-56-30-40-41-35-32-28
Tax %36%34%5%-60%34%1%-36%0%0%0%0%0%
Net Profit425480982-58-36-30-40-41-35-32-28
EPS in Rs2.252.904.285.240.12-3.11-1.93-1.63-2.14-2.22-1.89-1.70-1.50
Dividend Payout %44%86%70%57%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)28.57%48.15%22.50%-97.96%-3000.00%37.93%16.67%-33.33%-2.50%14.63%8.57%
Change in YoY Net Profit Growth (%)0.00%19.58%-25.65%-120.46%-2902.04%3037.93%-21.26%-50.00%30.83%17.13%-6.06%

Noida Toll Bridge Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:-16%
5 Years:0%
3 Years:17%
TTM:90%
Compounded Profit Growth
10 Years:%
5 Years:2%
3 Years:6%
TTM:32%
Stock Price CAGR
10 Years:-7%
5 Years:32%
3 Years:33%
1 Year:49%
Return on Equity
10 Years:-3%
5 Years:-12%
3 Years:-14%
Last Year:-14%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital186186186186186186186186186186186186
Reserves302302314322290232197166126855018
Borrowings77250425562686767676767
Other Liabilities107137157846176646265668077
Total Liabilities672649658634593557515481444404383348
Fixed Assets576574572553518497466424382341300262
CWIP0000219000000
Investments52602200000000
Other Assets446985595450495762628386
Total Assets672649658634593557515481444404383348

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 7075697133-3110-1324-4
Cash from Investing Activity -1-0-1-13-3220-9-0-2-243
Cash from Financing Activity -55-116-78-38-270-0-0-0-0-0-0
Net Cash Flow13-41-1021-26-111-210-1

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-4.0061.0087.0051.00-10.00-71.00-73.00-60.00-66.00-67.00-64.00-63.00

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 Days6441022162128883041851535
Inventory Days
Days Payable
Cash Conversion Cycle6441022162128883041851535
Working Capital Days-350-169-181-119-57-482-1,040-804-909-775-650-669
ROCE %13%16%18%12%2%-10%-10%-7%-10%-11%-11%-11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters26.37%26.37%26.37%26.37%26.37%26.37%26.37%26.37%26.37%26.37%26.37%26.37%
DIIs1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%0.95%0.71%0.68%0.68%
Government5.37%5.37%5.37%5.37%5.37%5.37%5.37%5.37%5.37%5.37%5.37%5.37%
Public66.60%66.60%66.60%66.60%66.60%66.60%66.60%66.59%67.31%67.55%67.57%67.57%
No. of Shareholders59,89460,52561,48462,73561,11059,56359,12957,63257,72755,72755,23456,062

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
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.70-1.89-2.21-2.15-1.63
Diluted EPS (Rs.)-1.70-1.89-2.21-2.15-1.63
Cash EPS (Rs.)0.360.320.040.100.62
Book Value[Excl.RevalReserv]/Share (Rs.)10.9812.6814.5716.7818.92
Book Value[Incl.RevalReserv]/Share (Rs.)10.9812.6814.5716.7818.92
Revenue From Operations / Share (Rs.)1.121.270.860.691.33
PBDIT / Share (Rs.)0.360.320.040.100.62
PBIT / Share (Rs.)-1.70-1.89-2.21-2.15-1.63
PBT / Share (Rs.)-1.70-1.89-2.21-2.15-1.63
Net Profit / Share (Rs.)-1.70-1.89-2.21-2.15-1.63
NP After MI And SOA / Share (Rs.)-1.70-1.89-2.22-2.14-1.63
PBDIT Margin (%)33.0625.744.8214.8247.12
PBIT Margin (%)-151.90-147.97-254.84-308.89-122.89
PBT Margin (%)-151.94-148.07-255.00-308.97-122.99
Net Profit Margin (%)-151.95-148.08-255.00-308.97-122.99
NP After MI And SOA Margin (%)-152.28-148.38-255.96-307.60-122.99
Return on Networth / Equity (%)-15.52-14.90-15.22-12.72-8.61
Return on Capital Employeed (%)-14.15-13.74-14.77-12.50-7.84
Return On Assets (%)-9.12-9.20-10.24-8.96-6.31
Total Debt / Equity (X)0.320.280.240.060.05
Asset Turnover Ratio (%)0.050.060.030.020.04
Current Ratio (X)0.470.450.300.300.35
Quick Ratio (X)0.470.450.300.300.34
Interest Coverage Ratio (X)872.03258.8330.16187.98482.85
Interest Coverage Ratio (Post Tax) (X)-4006.62-1487.67-1593.93-3916.15-1259.13
Enterprise Value (Cr.)164.17150.48189.66119.4554.23
EV / Net Operating Revenue (X)7.886.3411.759.242.20
EV / EBITDA (X)23.8324.63243.7162.304.66
MarketCap / Net Operating Revenue (X)6.625.278.548.772.01
Price / BV (X)0.670.520.500.360.14
Price / Net Operating Revenue (X)6.625.278.548.782.01
EarningsYield-0.22-0.28-0.29-0.35-0.61

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Noida Toll Bridge Company Ltd as of November 8, 2024 is: 24.24

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 8, 2024, Noida Toll Bridge Company Ltd is Undervalued by 48.71% compared to the current share price ₹16.30

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Noida Toll Bridge Company Ltd as of November 8, 2024 is: 26.76

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 8, 2024, Noida Toll Bridge Company Ltd is Undervalued by 64.17% compared to the current share price ₹16.30

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 10.40%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -430.50, which is a positive sign.
  2. The company has higher reserves (200.33 cr) compared to borrowings (55.33 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -0.75%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 80.25, which may not be favorable.
  3. The company has not shown consistent growth in sales (56.08) and profit (-1.85).

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 Noida Toll Bridge Company Ltd:
    1. Net Profit Margin: -151.95%
      • 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: -14.15% (Industry Average ROCE: 19.2%)
      • 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%: -15.52% (Industry Average ROE: 14.4%)
      • 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): -4006.62
      • 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: 0.47
      • 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: 0 (Industry average Stock P/E: 25.5)
      • 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

Noida Toll Bridge Company Ltd. is a Public Limited Listed company incorporated on 08/04/1996 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L45101DL1996PLC315772 and registration number is 315772. Currently company belongs to the Industry of Infrastructure - General. Company’s Total Operating Revenue is Rs. 16.14 Cr. and Equity Capital is Rs. 186.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Road InfrastructureToll Plaza, Mayur Vihar Link Road, New Delhi Delhi 110091ntbcl@ntbcl.com
http://www.ntbcl.com
Management
NamePosition Held
Mr. Nand KishoreChairman
Mr. Dheeraj KumarExecutive Director
Ms. Jayashreee RamaswamyDirector
Mr. Kazim Raza KhanDirector
Mr. Rakesh ChatterjeeDirector
Mr. Manish Kumar AgarwalDirector

FAQ

What is the latest fair value of Noida Toll Bridge Company Ltd?

The latest fair value of Noida Toll Bridge Company Ltd is ₹24.24.

What is the Market Cap of Noida Toll Bridge Company Ltd?

The Market Cap of Noida Toll Bridge Company Ltd is 304 Cr..

What is the current Stock Price of Noida Toll Bridge Company Ltd as on 08 November 2024?

The current stock price of Noida Toll Bridge Company Ltd as on 08 November 2024 is 16.3.

What is the High / Low of Noida Toll Bridge Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Noida Toll Bridge Company Ltd stocks is 17.1/7.41.

What is the Stock P/E of Noida Toll Bridge Company Ltd?

The Stock P/E of Noida Toll Bridge Company Ltd is .

What is the Book Value of Noida Toll Bridge Company Ltd?

The Book Value of Noida Toll Bridge Company Ltd is 11.0.

What is the Dividend Yield of Noida Toll Bridge Company Ltd?

The Dividend Yield of Noida Toll Bridge Company Ltd is 0.00 %.

What is the ROCE of Noida Toll Bridge Company Ltd?

The ROCE of Noida Toll Bridge Company Ltd is 11.0 %.

What is the ROE of Noida Toll Bridge Company Ltd?

The ROE of Noida Toll Bridge Company Ltd is 14.4 %.

What is the Face Value of Noida Toll Bridge Company Ltd?

The Face Value of Noida Toll Bridge Company 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 Noida Toll Bridge Company 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