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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Techindia Nirman Ltd

About the Company - Techindia Nirman Ltd

Techindia Nirman Ltd. is a Public Limited Listed company incorporated on 30/10/1980 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L45200MH1980PLC023364 and registration number is 023364. Currently company belongs to the Industry of Construction & Contracting. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 14.33 Cr. for the Year ended 31/03/2022.
Construction & ContractingNath House, Aurangabad Maharashtra
NamePosition Held
Mr. Satish KagliwalManaging Director
Mr. Madhukar DeshpandeDirector
Mr. Hitesh PurohitDirector
Ms. Sweta KagliwalDirector
Ms. Jeevanlata KagliwalDirector
Mr. Vadla NagbhushanamDirector

Techindia Nirman Ltd. Share Price Update

Share PriceValue
Previous Day₹45.13

Basic Stock Data of Techindia Nirman Ltd

Market Cap 54.0 Cr.
Current Price 37.7
High / Low46.0/6.42
Stock P/E23.1
Book Value 8.34
Dividend Yield0.00 %
ROCE7.04 %
ROE2.84 %
Face Value 10.0

Data Source:

Competitors of Techindia Nirman Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tarmat Ltd 235 Cr. 110112/57.4161 61.80.00 %4.00 %4.57 % 10.0
Salasar Exteriors & Contour Ltd 244 Cr. 23.836.8/18.6 1.150.00 %3.18 %7.01 % 1.00
Poddar Housing & Development Ltd 65.6 Cr. 104161/80.9 1390.00 %3.95 %34.9 % 10.0
PNC Infratech Ltd 10,672 Cr. 416463/26116.2 1800.12 %14.8 %16.2 % 2.00
Parshwanath Corporation Ltd 23.3 Cr. 74.485.0/26.044.8 36.00.00 %2.50 %2.20 % 10.0
Industry Average115.58 Cr145.6444.483.590.02%5.69%12.98%6.6

Techindia Nirman Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Operating Profit-0.04-0.25-0.22-0.14-0.05-0.09-0.13-0.06-2.742.61-0.10-0.08-0.05
Other Income0.
Profit before tax-0.05-0.26-0.23-0.15-0.06-0.10-0.14-0.07-2.752.60-0.11-0.09-0.06
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-0.05-0.25-0.23-0.15-0.05-0.10-0.14-0.06-2.752.60-0.11-0.09-0.06
EPS in Rs-0.03-0.17-0.16-0.10-0.03-0.07-0.10-0.04-1.921.81-0.08-0.06-0.04

Techindia Nirman Ltd Quarterly Chart

Techindia Nirman Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit0.960.30-0.43-0.18-0.21-0.35-0.32-0.30-0.31-0.48-0.505.502.38
OPM %4.07%2.42%
Other Income0.190.02-0.122.440.030.050.430.
Profit before tax0.110.09-0.612.24-0.21-0.33-0.29-0.25-0.61-0.48-0.53-0.352.34
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%
Net Profit0.110.08-0.612.24-0.20-0.33-0.29-0.25-0.60-0.47-0.53-0.352.34
EPS in Rs0.080.06-0.431.56-0.14-0.23-0.20-0.17-0.42-0.33-0.37-0.241.63
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Techindia Nirman Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
YoY Net Profit Growth (%)-27.27%-862.50%467.21%-108.93%-65.00%12.12%13.79%-140.00%21.67%-12.77%33.96%
Change in YoY Net Profit Growth (%)0.00%-835.23%1329.71%-576.14%43.93%77.12%1.67%-153.79%161.67%-34.43%46.73%

Techindia Nirman Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
Compounded Profit Growth
10 Years:%
5 Years:-5%
3 Years:12%
Stock Price CAGR
10 Years:24%
5 Years:48%
3 Years:125%
1 Year:315%
Return on Equity
10 Years:-2%
5 Years:-3%
3 Years:-4%
Last Year:-3%

Techindia Nirman Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14.3314.3314.3314.3314.3314.3314.3314.3314.3314.3314.3314.3314.33
Preference Capital0.750.750.750.750.750.000.750.
Other Liabilities9.617.230.830.810.870.120.810.
Total Liabilities38.3628.7927.8628.9230.0726.9964.6466.8968.1769.9570.9684.5888.35
Fixed Assets26.4826.4126.3626.3026.2822.6322.6122.5822.5522.1422.1222.0922.08
Other Assets11.401.901.022.143.313.8841.5541.9041.9042.7442.8162.4966.27
Total Assets38.3628.7927.8628.9230.0726.9964.6466.8968.1769.9570.9684.5888.35

Techindia Nirman Ltd Reserves and Borrowings Chart

Techindia Nirman Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3.446.73-6.080.98-1.32-0.86-38.07-0.23-0.29-1.22-0.54-19.78
Cash from Investing Activity
Cash from Financing Activity -3.73-7.446.08-
Net Cash Flow-0.13-0.700.

Techindia Nirman Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days0.0011.77
Inventory Days0.00
Days Payable
Cash Conversion Cycle0.0011.77
Working Capital Days28.29-145.12
ROCE %3.64%1.00%-1.92%-0.56%-0.71%-1.16%0.17%-0.38%-0.49%-0.70%-0.75%7.04%

Techindia Nirman Ltd Financial Efficiency Indicators Chart

Techindia Nirman Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders24,63525,22625,12125,48926,07625,56625,49525,56325,46725,26325,21824,621

Techindia Nirman Ltd Shareholding Pattern Chart

No. of Techindia Nirman Ltd Shareholders

This stock is not held by any mutual fund

Techindia Nirman Ltd ROCE Trend

Techindia Nirman Ltd EPS Trend

Techindia Nirman Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)-0.22-0.37-0.33-2.80-2.45
Diluted EPS (Rs.)-0.22-0.37-0.33-2.80-2.45
Cash EPS (Rs.)-0.22-0.34-0.31-0.40-0.15
Book Value[Excl.RevalReserv]/Share (Rs.)8.488.709.069.6110.04
Book Value[Incl.RevalReserv]/Share (Rs.)8.488.709.069.6110.04
PBDIT / Share (Rs.)-0.22-0.34-0.31-0.21-0.15
PBIT / Share (Rs.)-0.24-0.36-0.33-0.23-0.17
PBT / Share (Rs.)-0.24-0.36-0.33-0.42-0.17
Net Profit / Share (Rs.)-0.24-0.36-0.33-0.42-0.17
Return on Networth / Equity (%)-2.88-4.21-3.64-4.42-1.73
Return on Capital Employeed (%)-2.88-4.20-3.63-2.42-1.64
Return On Assets (%)-0.41-0.74-0.67-0.89-0.37
Total Debt / Equity (X)5.954.694.383.953.60
Current Ratio (X)0.240.730.750.760.81
Quick Ratio (X)0.090.730.750.760.81
Interest Coverage Ratio (X)
Interest Coverage Ratio (Post Tax) (X)
Enterprise Value (Cr.)81.8475.7060.6456.5860.68
EV / EBITDA (X)-251.96-151.55-135.43-182.95-272.17
Price / BV (X)0.801.390.290.160.57

Techindia Nirman Ltd Profitability Ratios (%)

Techindia Nirman Ltd Liquidity Ratios

Techindia Nirman Ltd Liquidity Ratios (%)

Techindia Nirman Ltd Interest Coverage Ratios (X)

Techindia Nirman Ltd Valuation Ratios

Fair Value / Intrinsic Value of Techindia Nirman Ltd

Fair Value: ₹5.58

The stock is overvalued by 85.20% compared to the current price ₹37.7

*Investments are subject to market risks

Strength and Weakness of Techindia Nirman Ltd

  1. The stock is trading at a low valuation with an average P/B ratio of -0.30 and average Dividend Yield of 4.51%.
  2. The stock has a low average Working Capital Days of -9.74, which is a positive sign.
  3. The company has higher reserves (0.81 cr) compared to borrowings (0.35 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (2.77 cr) and profit (0.09 cr) over the years.
  1. The stock has a low average ROCE of 0.43%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 0.98, which may not be favorable.

Should I Buy Techindia Nirman Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Techindia Nirman Ltd:
    1. Net Profit Margin: N/A%
      • 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: -2.88% (Industry Average ROCE: 9.81%)
      • 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): 0.00
      • 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: 0.09
      • 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: 23.1 (Industry average Stock P/E: 6.91)
      • 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: 5.95
      • 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, 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 Techindia Nirman 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 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