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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Surana Telecom and Power Ltd

About the Company - Surana Telecom and Power Ltd

Surana Telecom and Power Ltd. is a Public Limited Listed company incorporated on 14/08/1989 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L23209TG1989PLC010336 and registration number is 010336. Currently Company is involved in the business activities of Electric power generation using solar energy. Company’s Total Operating Revenue is Rs. 17.70 Cr. and Equity Capital is Rs. 13.58 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cables - TelecomPlot No. 214, 215/A,Phase- II, Hyderabad Telangana 500051surana@surana.com
http://www.suranatele.com
Management
NamePosition Held
Mr. Narender SuranaManaging Director
Mr. T R VenkataramananWhole Time Director
Mr. Devendra SuranaNon Executive Director
Mr. Mayank SanghaniIndependent Director
Mr. N Krupakar ReddyIndependent Director
Mrs. Sanjana JainIndependent Director

Surana Telecom and Power Ltd. Share Price Update

Share PriceValue
Today₹17.81
Previous Day₹18.74

Basic Stock Data of Surana Telecom and Power Ltd

Market Cap 250 Cr.
Current Price 18.4
High / Low21.0/7.60
Stock P/E
Book Value 9.37
Dividend Yield0.00 %
ROCE0.15 %
ROE1.15 %
Face Value 1.00

Data Source: screener.in

Competitors of Surana Telecom and Power Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vindhya Telelinks Ltd 2,982 Cr. 2,5172,899/1,50610.8 3,1760.60 %8.11 %5.58 % 10.0
Sterlite Technologies Ltd 5,741 Cr. 144179/12857.0 53.50.69 %11.0 %6.32 % 2.00
Tamil Nadu Telecommunications Ltd 60.9 Cr. 13.317.3/5.30 34.00.00 %%% 10.0
Paramount Communications Ltd 2,449 Cr. 87.6117/27.935.1 14.20.00 %13.8 %21.2 % 2.00
Birla Cable Ltd 910 Cr. 303433/11926.7 82.80.80 %18.4 %16.1 % 10.0
Industry Average2,428.58 Cr612.9825.92672.100.42%10.26%9.84%6.80

Surana Telecom and Power Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales9.428.187.165.168.638.498.585.086.927.337.005.785.90
Expenses2.853.661.451.722.603.882.902.592.9411.542.973.313.23
Operating Profit6.574.525.713.446.034.615.682.493.98-4.214.032.472.67
OPM %69.75%55.26%79.75%66.67%69.87%54.30%66.20%49.02%57.51%-57.44%57.57%42.73%45.25%
Other Income0.160.521.820.350.291.427.710.600.370.740.450.680.62
Interest1.421.121.070.940.920.750.500.370.320.350.250.260.18
Depreciation4.013.102.692.702.692.702.442.442.442.632.492.172.05
Profit before tax1.300.823.770.152.712.5810.450.281.59-6.451.740.721.06
Tax %20.77%-17.07%16.45%20.00%16.61%7.36%16.56%17.86%24.53%9.30%8.05%11.11%21.70%
Net Profit1.030.963.150.122.262.388.720.231.21-5.831.600.630.83
EPS in Rs0.080.050.160.020.140.170.600.020.08-0.460.090.040.06

Surana Telecom and Power Ltd Quarterly Chart

Surana Telecom and Power Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales10.7221.9529.7717.9525.6634.9735.2935.5028.7329.2929.2927.7526.01
Expenses9.1511.6619.005.5012.1916.8414.4011.5710.9010.249.1819.6121.05
Operating Profit1.5710.2910.7712.4513.4718.1320.8923.9317.8319.0520.118.144.96
OPM %14.65%46.88%36.18%69.36%52.49%51.84%59.20%67.41%62.06%65.04%68.66%29.33%19.07%
Other Income1.844.642.261.290.821.252.380.958.111.673.769.422.49
Interest0.363.773.963.764.626.316.954.974.924.503.691.541.04
Depreciation2.569.518.438.108.0910.5113.8413.1013.0412.2010.9810.149.34
Profit before tax0.491.650.641.881.582.562.486.817.984.029.205.88-2.93
Tax %-38.78%7.88%-9.38%18.09%18.35%17.97%24.19%15.42%13.28%15.17%14.02%26.53%
Net Profit0.681.510.701.531.292.091.885.766.923.417.924.32-2.77
EPS in Rs0.070.150.070.150.120.150.140.420.510.250.580.32-0.27
Dividend Payout %152.94%82.65%178.29%81.57%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%

Surana Telecom and Power Ltd Profit & Loss Yearly Chart

Surana Telecom and Power Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:-5%
3 Years:-1%
TTM:-11%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-127%
Stock Price CAGR
10 Years:19%
5 Years:31%
3 Years:54%
1 Year:72%
Return on Equity
10 Years:3%
5 Years:3%
3 Years:3%
Last Year:-1%

Surana Telecom and Power Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10.4010.4010.4010.4010.4013.5813.5813.5813.5813.5813.5813.5813.58
Reserves50.5750.5349.6849.1550.5173.4181.3484.9288.5996.58104.03109.64113.66
Preference Capital0.000.000.000.000.0012.500.000.000.000.000.000.00
Borrowings28.1931.5135.49114.09119.46125.5554.6147.8644.5344.6325.2013.329.63
Other Liabilities21.2610.0013.9016.3120.6144.0611.7814.0511.5116.5115.1515.7414.16
Total Liabilities110.42102.44109.47189.95200.98256.60161.31160.41158.21171.30157.96152.28151.03
Fixed Assets74.4268.0762.0275.3569.05198.21104.6393.9185.0689.0178.6371.8965.34
CWIP3.680.0218.540.1286.149.7114.3914.6614.7913.7213.660.000.00
Investments11.3811.3911.3910.109.7316.8124.7322.9820.3024.2623.7734.6530.44
Other Assets20.9422.9617.52104.3836.0631.8717.5628.8638.0644.3141.9045.7455.25
Total Assets110.42102.44109.47189.95200.98256.60161.31160.41158.21171.30157.96152.28151.03

Surana Telecom and Power Ltd Reserves and Borrowings Chart

Surana Telecom and Power Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 15.29-0.7018.66-71.7487.9835.9820.3428.0212.1715.7313.6714.46
Cash from Investing Activity -33.653.18-19.78-1.95-87.19-47.72-4.57-17.87-0.39-14.358.36-1.09
Cash from Financing Activity 17.38-1.910.2074.64-1.3013.03-15.15-11.69-11.17-0.84-22.85-12.86
Net Cash Flow-0.980.57-0.920.95-0.511.290.62-1.540.620.54-0.820.52

Surana Telecom and Power Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days113.38136.5236.4161.8259.4659.1827.8252.2364.7993.21145.6886.55
Inventory Days66.26151.3087.832,014.42895.91410.93177.12-0.00236.18
Days Payable715.64296.19163.14745.96665.531,028.5610.12572.55
Cash Conversion Cycle-536.00-8.37-38.901,330.27289.83-558.45194.8252.23-271.5893.21145.6886.55
Working Capital Days-62.3136.42-65.961,567.9786.63-175.980.41-57.06-63.2788.10156.27174.15
ROCE %0.40%5.43%4.83%4.35%3.63%4.03%4.50%7.36%4.64%5.21%7.18%-0.15%

Surana Telecom and Power Ltd Financial Efficiency Indicators Chart

Surana Telecom and Power Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters75.00%75.00%75.00%75.00%74.77%74.77%74.75%74.75%74.82%74.98%74.95%74.40%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.00%0.04%
DIIs0.05%0.05%0.05%0.05%0.05%0.05%0.04%0.04%0.04%0.04%0.05%0.04%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.09%0.09%0.09%0.09%0.09%0.09%
Public24.95%24.95%24.95%24.95%25.18%25.18%25.10%25.10%25.04%24.88%24.92%25.44%
No. of Shareholders17,89421,63023,68130,78537,06037,68236,86935,90235,13834,50536,34342,420

Surana Telecom and Power Ltd Shareholding Pattern Chart

No. of Surana Telecom and Power Ltd Shareholders

This stock is not held by any mutual fund

Surana Telecom and Power Ltd ROCE Trend

Surana Telecom and Power Ltd EPS Trend

Surana Telecom and Power Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)0.320.580.250.510.42
Diluted EPS (Rs.)0.320.580.250.510.42
Cash EPS (Rs.)1.071.391.151.471.39
Book Value[Excl.RevalReserv]/Share (Rs.)10.049.658.907.927.84
Book Value[Incl.RevalReserv]/Share (Rs.)10.149.659.008.067.98
Revenue From Operations / Share (Rs.)2.062.172.182.122.53
PBDIT / Share (Rs.)1.291.761.531.911.88
PBIT / Share (Rs.)0.540.940.620.950.91
PBT / Share (Rs.)0.430.670.290.580.50
Net Profit / Share (Rs.)0.310.580.250.510.42
NP After MI And SOA / Share (Rs.)0.310.580.250.510.42
PBDIT Margin (%)62.9381.0669.9590.3074.26
PBIT Margin (%)26.5943.7828.7644.9236.16
PBT Margin (%)21.0631.2613.5627.8019.77
Net Profit Margin (%)15.4926.8811.5024.1016.74
NP After MI And SOA Margin (%)15.4926.8811.5024.1016.74
Return on Networth / Equity (%)3.546.733.136.905.96
Return on Capital Employeed (%)5.268.705.428.868.41
Return On Assets (%)2.865.051.994.393.59
Long Term Debt / Equity (X)0.030.140.320.350.40
Total Debt / Equity (X)0.100.210.320.350.41
Asset Turnover Ratio (%)0.110.110.110.130.16
Current Ratio (X)2.291.821.160.730.49
Quick Ratio (X)2.171.691.060.650.49
Interest Coverage Ratio (X)11.396.474.605.274.53
Interest Coverage Ratio (Post Tax) (X)3.803.151.762.412.02
Enterprise Value (Cr.)140.20177.2299.1475.18104.95
EV / Net Operating Revenue (X)5.026.023.352.623.05
EV / EBITDA (X)7.987.424.782.904.11
MarketCap / Net Operating Revenue (X)4.104.781.871.181.61
Price / BV (X)0.931.200.500.330.57
Price / Net Operating Revenue (X)4.104.781.871.181.61
EarningsYield0.030.050.060.200.10

Surana Telecom and Power Ltd Profitability Ratios (%)

Surana Telecom and Power Ltd Liquidity Ratios

Surana Telecom and Power Ltd Liquidity Ratios (%)

Surana Telecom and Power Ltd Interest Coverage Ratios (X)

Surana Telecom and Power Ltd Valuation Ratios

Fair Value / Intrinsic Value of Surana Telecom and Power Ltd

Fair Value: ₹1.65

The stock is overvalued by 91.04% compared to the current price ₹18.4

*Investments are subject to market risks

Strength and Weakness of Surana Telecom and Power Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.79 and average Dividend Yield of 36.04%.
  2. The stock has a low average Working Capital Days of 9.87, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -45.83, which is a positive sign.
  4. The company has higher reserves (77.12 cr) compared to borrowings (0.96 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (27.14 cr) and profit (3.25 cr) over the years.
  1. The stock has a low average ROCE of 4.28%, which may not be favorable.

Should I Buy Surana Telecom and Power Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Surana Telecom and Power Ltd:
    1. Net Profit Margin: 15.49%
      • 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: 5.26% (Industry Average ROCE: 8.23%)
      • 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. Interest Coverage Ratio (Post Tax): 3.80
      • 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.
    4. Quick Ratio: 2.17
      • 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.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 26.45)
      • 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.
    6. ✓ Total Debt / Equity: 0.10
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Surana Telecom and Power 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