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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

State Trading Corporation of India Ltd (STCINDIA): Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 14, 2024, 9:09 pm

Market Cap 889 Cr.
Current Price 148
High / Low252/111
Stock P/E12.0
Book Value 769
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.13

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

View Share Price Target for State Trading Corporation of India Ltd (STCINDIA)

Competitors of State Trading Corporation of India Ltd (STCINDIA)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IFL Enterprises Ltd 75.0 Cr. 1.003.87/0.95 0.990.00 %5.06 %3.36 % 1.00
Hira Automobile Ltd 19.6 Cr. 71.271.2/26.128.4 51.40.00 %9.65 %5.10 % 10.0
Hindustan Appliances Ltd 344 Cr. 343343/9.832,022 14.50.00 %0.26 %0.90 % 10.0
Hardwyn India Ltd 1,256 Cr. 36.052.0/26.0101 11.10.00 %3.92 %2.58 % 1.00
Grandma Trading & Agencies Ltd 11.8 Cr. 0.903.59/0.80 0.010.00 %0.64 %1.30 % 1.00
Industry Average14,654.00 Cr166.25160.5688.490.11%13.01%9.75%8.21

All Competitor Stocks of State Trading Corporation of India Ltd (STCINDIA)

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales2008-800000000
Expenses1216121881112111413111112
Operating Profit-10-16-12-10-16-11-12-11-14-13-11-11-12
OPM %-493%-120%
Other Income1414-6623431820202718292529
Interest0000000020002
Depreciation5400000000000
Profit before tax-1-7-781326889115181414
Tax %18%0%0%0%172%0%0%0%37%1%0%-1%2%
Net Profit-1-7-7813-1988975181414
EPS in Rs-0.22-1.09-12.962.09-3.171.271.321.481.210.823.002.332.36

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales19,14715,53914,49410,6017,81410,8668,9032,937250000
Expenses19,16115,51614,52610,7047,91810,9709,0263,063342544847
Operating Profit-1422-32-103-104-104-123-126-93-54-48-47
OPM %-0%0%-0%-1%-1%-1%-1%-4%-37%
Other Income204-356239294129334-60535601585100
Interest46850656863372183615672222
Depreciation4521161717151616000
Profit before tax-282-845-381-457-712-623-899-114-50-413651
Tax %-1%-0%1%1%2%-1%-2%0%0%110%12%0%
Net Profit-278-845-386-462-729-618-883-114-50-873251
EPS in Rs-46.36-140.79-64.40-77.04-121.42-103.00-147.17-19.00-8.41-14.485.308.51
Dividend Payout %-4%0%0%0%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 (%)-203.96%54.32%-19.69%-57.79%15.23%-42.88%87.09%56.14%-74.00%136.78%59.38%
Change in YoY Net Profit Growth (%)0.00%258.28%-74.01%-38.10%73.02%-58.11%129.97%-30.95%-130.14%210.78%-77.41%

State Trading Corporation of India Ltd (STCINDIA) 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:%
5 Years:%
3 Years:%
TTM:-94%
Compounded Profit Growth
10 Years:8%
5 Years:18%
3 Years:42%
TTM:115%
Stock Price CAGR
10 Years:-3%
5 Years:22%
3 Years:15%
1 Year:30%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:43 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital60606060606060606060606060
Reserves-1,567-2,412-1,883-2,345-3,076-3,692-4,573-4,686-4,733-4,815-4,762-4,693-4,673
Borrowings2,6912,4732,5192,8012,8522,9492,1811,9891,9871,9871,9871,9811,981
Other Liabilities3,3183,2113,9794,3424,4535,1265,1405,1375,0485,0755,0635,0454,987
Total Liabilities4,5023,3324,6764,8584,2904,4432,8082,4992,3612,3072,3472,3932,355
Fixed Assets65699649509349189048878710000
CWIP9100120020000
Investments0000000000000
Other Assets4,4283,2623,7103,9073,3553,5231,9031,6121,4882,3072,3472,3932,355
Total Assets4,5023,3324,6764,8584,2904,4432,8082,4992,3612,3072,3472,3932,355

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +53416124-153712071,371-449-1945-62-22
Cash from Investing Activity +616262933362737614378195
Cash from Financing Activity +-701-385-93131-106-229-901-200-2000
Net Cash Flow-162-207-437-214497-273-53122073

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-16.0020.00-34.00-105.00-106.00-106.00-125.00-127.00-94.00-55.00-49.00-48.00

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 Days444661919975521202-565,729-9,760,100
Inventory Days100020000-32-456
Days Payable187182287825229
Cash Conversion Cycle273943699267-3-3-27-565,761-9,760,556
Working Capital Days102-6-20-50-61-140-441-5,244-1,905,892-33,958,870
ROCE %17%35%47%23%87%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters90.00%90.00%90.00%90.00%90.00%90.00%90.00%90.00%90.00%90.00%90.00%90.00%
FIIs0.01%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.06%0.00%
DIIs1.01%1.01%1.01%1.01%1.01%1.01%1.01%1.01%0.63%0.62%0.59%0.59%
Government0.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public8.90%8.99%8.99%8.99%8.99%8.98%9.00%8.99%9.36%9.39%9.36%9.42%
No. of Shareholders24,44324,45223,67423,39123,13423,15722,00121,71121,68122,08123,41123,985

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.)12.038.74-13.54-7.82-18.88
Diluted EPS (Rs.)12.038.74-13.54-7.82-18.88
Cash EPS (Rs.)8.515.30-14.47-5.76-16.42
Book Value[Excl.RevalReserv]/Share (Rs.)-772.21-931.14-939.88-926.57-918.75
Book Value[Incl.RevalReserv]/Share (Rs.)-772.21-783.71-792.45-778.90-771.08
Revenue From Operations / Share (Rs.)0.000.000.0041.63489.45
PBDIT / Share (Rs.)8.156.285.23-5.84-2.84
PBIT / Share (Rs.)8.156.285.23-8.49-5.42
PBT / Share (Rs.)8.556.00-6.91-8.38-19.00
Net Profit / Share (Rs.)8.515.30-14.47-8.41-19.00
NP After MI And SOA / Share (Rs.)8.515.30-14.47-8.41-19.00
PBDIT Margin (%)0.000.000.00-14.03-0.58
PBIT Margin (%)0.000.000.00-20.39-1.10
PBT Margin (%)0.000.000.00-20.11-3.88
Net Profit Margin (%)0.000.000.00-20.19-3.88
NP After MI And SOA Margin (%)0.000.000.00-20.19-3.88
Return on Networth / Equity (%)-1.10-0.560.000.000.00
Return on Capital Employeed (%)-1.05-0.80-0.661.430.93
Return On Assets (%)2.131.35-3.76-2.13-4.56
Total Debt / Equity (X)-0.42-0.35-0.35-0.35-0.36
Asset Turnover Ratio (%)0.000.000.000.101.11
Current Ratio (X)0.330.330.320.070.08
Quick Ratio (X)0.330.330.320.070.08
Interest Coverage Ratio (X)25.2519.4416.18-18.26-2.34
Interest Coverage Ratio (Post Tax) (X)25.1217.27-7.22-26.64-4.48
Enterprise Value (Cr.)2525.032380.802532.222344.152125.41
EV / Net Operating Revenue (X)0.000.000.009.380.72
EV / EBITDA (X)51.6463.1480.64-66.86-124.73
MarketCap / Net Operating Revenue (X)0.000.000.001.780.06
Price / BV (X)-0.16-0.07-0.10-0.08-0.03
Price / Net Operating Revenue (X)0.000.000.001.780.06
EarningsYield0.060.07-0.14-0.11-0.61

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of State Trading Corporation of India Ltd (STCINDIA) as of November 17, 2024 is: 1,411.88

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 17, 2024, State Trading Corporation of India Ltd (STCINDIA) is Undervalued by 853.97% compared to the current share price 148.00

Default values used*: Default value of 15% for ROE is used

Intrinsic Value of State Trading Corporation of India Ltd (STCINDIA) as of November 17, 2024 is: 2,759.29

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 17, 2024, State Trading Corporation of India Ltd (STCINDIA) is Undervalued by 1,764.39% compared to the current share price 148.00

Default values used*: Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 95.43%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -62.08, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -22.50, which is a positive sign.
  1. The company has higher borrowings (2,336.77) compared to reserves (-3,685.38), which may suggest financial risk.
  2. The company has not shown consistent growth in sales (27.92) and profit (-359.75).

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 State Trading Corporation of India Ltd (STCINDIA):
    1. Net Profit Margin: 0%
      • 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: -1.05% (Industry Average ROCE: 12.23%)
      • 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%: -1.1% (Industry Average ROE: 8.59%)
      • 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): 25.12
      • 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: 0.33
      • 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: 12 (Industry average Stock P/E: 117.42)
      • 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: -0.42
      • 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

State Trading Corporation Of India Ltd. is a Public Limited Listed company incorporated on 31/12/1956 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1956GOI002674 and registration number is 002674. Currently company belongs to the Industry of Trading. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 60.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Trading & DistributorsJawahar Vyapar Bhavan, Tolstoy Marg, New Delhi Delhi 110001co@stclimited.co.in
http://www.stclimited.co.in
Management
NamePosition Held
Mr. Hardeep SinghChairman & Managing Director
Mr. Kapil Kumar GuptaDirector - Finance
Mr. Satish Kumar ChawlaNon Official PartTime (Ind.) Director
Mr. Divakar Shetty KaupNon Official PartTime (Ind.) Director
Mr. Naresh Dhanrajbhai KellaNon Official PartTime (Ind.) Director
Mr. Manjeet Kumar RazdanNon Official PartTime (Ind.) Director
Dr. Vivek Atul BhuskuteNon Official PartTime (Ind.) Director
Mr. Ashok Kumar AseriNon Official PartTime (Ind.) Director
Dr. Rohini Sanjay KacholeNon Official PartTime (Ind.) Director
Mr. Siddharth MahajanGovernment Nominee Director
Mrs. Arti BhatnagarGovernment Nominee Director

FAQ

What is the latest intrinsic value of State Trading Corporation of India Ltd (STCINDIA)?

The latest intrinsic value of State Trading Corporation of India Ltd (STCINDIA) as on 17 November 2024 is ₹1411.88, which is 853.97% higher than the current market price of ₹148.00.

What is the Market Cap of State Trading Corporation of India Ltd (STCINDIA)?

The Market Cap of State Trading Corporation of India Ltd (STCINDIA) is 889 Cr..

What is the current Stock Price of State Trading Corporation of India Ltd (STCINDIA) as on 17 November 2024?

The current stock price of State Trading Corporation of India Ltd (STCINDIA) as on 17 November 2024 is ₹148.

What is the High / Low of State Trading Corporation of India Ltd (STCINDIA) stocks in FY 2024?

In FY 2024, the High / Low of State Trading Corporation of India Ltd (STCINDIA) stocks is 252/111.

What is the Stock P/E of State Trading Corporation of India Ltd (STCINDIA)?

The Stock P/E of State Trading Corporation of India Ltd (STCINDIA) is 12.0.

What is the Book Value of State Trading Corporation of India Ltd (STCINDIA)?

The Book Value of State Trading Corporation of India Ltd (STCINDIA) is 769.

What is the Dividend Yield of State Trading Corporation of India Ltd (STCINDIA)?

The Dividend Yield of State Trading Corporation of India Ltd (STCINDIA) is 0.00 %.

What is the ROCE of State Trading Corporation of India Ltd (STCINDIA)?

The ROCE of State Trading Corporation of India Ltd (STCINDIA) is %.

What is the ROE of State Trading Corporation of India Ltd (STCINDIA)?

The ROE of State Trading Corporation of India Ltd (STCINDIA) is %.

What is the Face Value of State Trading Corporation of India Ltd (STCINDIA)?

The Face Value of State Trading Corporation of India Ltd (STCINDIA) 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 State Trading Corporation of India Ltd (STCINDIA). 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