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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Technocraft Industries (India) Ltd

Basic Stock Data

Last Updated: June 14, 2024, 9:37 am

Market Cap 6,379 Cr.
Current Price 2,778
High / Low2,869/1,502
Stock P/E23.6
Book Value 729
Dividend Yield0.00 %
ROCE18.7 %
ROE17.5 %
Face Value 10.0
PEG Ratio1.35

Competitors of Technocraft Industries (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shyam Metalics & Energy Ltd 18,234 Cr. 653772/33317.7 3460.28 %10.9 %12.2 % 10.0
JSW Steel Ltd 2,25,263 Cr. 921930/72326.7 3180.79 %13.2 %11.8 % 1.00
Adishakti Loha & Ispat ltd 5.47 Cr. 12.016.0/7.75182 11.20.00 %1.57 %0.59 % 10.0
Tata Steel Ltd 2,25,515 Cr. 181185/108 73.71.97 %7.67 %2.21 % 1.00
Manaksia Steels Ltd 359 Cr. 54.8107/38.512.6 45.80.00 %11.2 %9.62 % 1.00
Industry Average38,446.63 Cr209.2562.79124.590.30%9.17%7.16%6.79

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales385405442510554539476489480557520513593
Expenses321307353410449430380378393426418431508
Operating Profit64988910010510897111881301028284
OPM %17%24%20%20%19%20%20%23%18%23%20%16%14%
Other Income12161661581228614172524
Interest665646687111099
Depreciation18151516171516151816171718
Profit before tax5392848499958711568118928181
Tax %27%22%22%23%27%21%24%24%26%23%24%24%29%
Net Profit39726665727566875091706157
EPS in Rs14.8928.6126.2925.6628.7629.1125.7534.2121.4337.0528.7325.3923.90

Last Updated: June 9, 2024, 7:26 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:12 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6508051,0401,0299219361,1841,3131,3521,2951,9111,9852,070
Expenses5996839058947707901,0101,1161,1481,0921,5191,5811,668
Operating Profit51121135135151146175198204203392403402
OPM %8%15%13%13%16%16%15%15%15%16%21%20%19%
Other Income20232715324147374568525462
Interest11859101923323729212838
Depreciation33302732262429385268636468
Profit before tax27107130109147144170164159175360366359
Tax %44%31%31%31%32%30%29%27%21%23%24%24%
Net Profit15749075100101120119126134274278272
EPS in Rs4.8423.5528.4323.8538.1739.1448.8447.7350.1853.19109.31116.32112.60
Dividend Payout %21%13%18%21%8%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)393.33%21.62%-16.67%33.33%1.00%18.81%-0.83%5.88%6.35%104.48%1.46%
Change in YoY Net Profit Growth (%)0.00%-371.71%-38.29%50.00%-32.33%17.81%-19.65%6.72%0.47%98.13%-103.02%

Growth

Compounded Sales Growth
10 Years:8%
5 Years:11%
3 Years:19%
TTM:10%
Compounded Profit Growth
10 Years:13%
5 Years:18%
3 Years:31%
TTM:2%
Stock Price CAGR
10 Years:31%
5 Years:44%
3 Years:80%
1 Year:59%
Return on Equity
10 Years:17%
5 Years:17%
3 Years:19%
Last Year:18%

Last Updated: June 14, 2024, 8:56 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital32323232262624242424242323
Reserves4064685375895556636848039201,0481,3121,3931,543
Borrowings104129159222334345514642658467506656650
Other Liabilities10411214914791120164157214237268292366
Total Liabilities6457428769911,0061,1541,3871,6261,8161,7762,1112,3642,582
Fixed Assets167150150158163203245319480424420438517
CWIP20041217535420121740148
Investments48122146196268279237263271334420331321
Other Assets4284695806335636558519891,0441,0051,2531,5551,596
Total Assets6457428769911,0061,1541,3871,6261,8161,7762,1112,3642,582

Reserves and Borrowings Chart

Technocraft Industries (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2852356414554-2726201258108136
Cash from Investing Activity 12-76-50-91-42-49-41-117-165-30-13222
Cash from Financing Activity -79121939-67-75398-25-21520-61
Net Cash Flow-38-1231335-2-1481213-497

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow51.00-8.00-24.00-87.00-183.00-199.00-339.00-444.00-454.00-264.00-114.00-253.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days859998867274859192978777
Inventory Days109138108148187298259291357316249371
Days Payable364242451439362745776468
Cash Conversion Cycle158195164190244334308354404337272380
Working Capital Days159143131143155181197214204200176200
ROCE %6%19%18%15%18%17%17%15%13%12%22%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.68%74.68%74.68%74.68%74.68%74.68%74.68%74.68%74.61%74.61%74.61%74.61%
FIIs0.04%0.07%0.52%0.62%0.68%0.69%0.70%0.77%0.77%0.60%0.69%0.65%
DIIs3.24%3.31%3.36%3.46%3.61%3.75%3.80%4.02%4.53%4.10%4.17%4.05%
Public22.05%21.94%21.44%21.25%21.04%20.89%20.82%20.54%20.08%20.68%20.52%20.68%
No. of Shareholders11,05811,23811,70311,32211,67012,60912,73320,63811,46012,69312,91913,185

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund6,4680.261.646,4682024-06-150%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)115.06110.98109.3153.1950.19
Diluted EPS (Rs.)115.06110.98109.3153.1950.19
Cash EPS (Rs.)151.09149.07137.9182.4373.01
Book Value[Excl.RevalReserv]/Share (Rs.)746.36628.16553.77443.31389.25
Book Value[Incl.RevalReserv]/Share (Rs.)746.36628.16553.77443.31389.25
Revenue From Operations / Share (Rs.)950.12864.28781.26529.21552.63
PBDIT / Share (Rs.)212.64197.60179.68111.65100.53
PBIT / Share (Rs.)183.16169.72153.9684.0579.12
PBT / Share (Rs.)162.07157.56147.2076.6263.81
Net Profit / Share (Rs.)121.61121.19112.2054.8351.59
NP After MI And SOA / Share (Rs.)115.06116.32109.3153.1950.19
PBDIT Margin (%)22.3822.8622.9921.0918.19
PBIT Margin (%)19.2719.6319.7015.8814.31
PBT Margin (%)17.0518.2218.8414.4711.54
Net Profit Margin (%)12.7914.0214.3610.369.33
NP After MI And SOA Margin (%)12.1113.4513.9910.059.08
Return on Networth / Equity (%)15.7718.8620.0012.1313.00
Return on Capital Employeed (%)21.9125.8926.1316.7117.14
Return On Assets (%)9.8111.2912.667.326.75
Long Term Debt / Equity (X)0.070.020.030.090.14
Total Debt / Equity (X)0.400.460.370.400.67
Asset Turnover Ratio (%)0.860.880.930.600.74
Current Ratio (X)2.001.792.112.121.73
Quick Ratio (X)1.080.871.291.280.96
Inventory Turnover Ratio (X)1.181.432.071.121.48
Interest Coverage Ratio (X)12.3116.2420.669.486.57
Interest Coverage Ratio (Post Tax) (X)8.2710.8313.695.734.29
Enterprise Value (Cr.)5088.963287.672848.491335.72969.77
EV / Net Operating Revenue (X)2.331.661.491.030.71
EV / EBITDA (X)10.427.256.484.893.94
MarketCap / Net Operating Revenue (X)2.081.401.270.740.30
Price / BV (X)2.711.971.810.890.44
Price / Net Operating Revenue (X)2.081.401.270.740.30
EarningsYield0.050.090.110.130.29

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 3,070.99

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.

Undervalued: 10.55% compared to the current price 2778

Intrinsic Value: 3,609.77

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 29.94% compared to the current price ₹2778

Last 5 Year EPS CAGR: 17.54%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.00%, which is a positive sign.
  2. The company has higher reserves (885.33 cr) compared to borrowings (442.25 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (255.54 cr) and profit (185.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 175.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 278.33, 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 Technocraft Industries (India) Ltd:
    1. Net Profit Margin: 12.79%
      • 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: 21.91% (Industry Average ROCE: 9.35%)
      • 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%: 15.77% (Industry Average ROE: 6.23%)
      • 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): 8.27
      • 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: 1.08
      • 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: 23.6 (Industry average Stock P/E: 80)
      • 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: 0.40
      • 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

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INDUSTRYADDRESSCONTACT
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FAQ

What is the latest fair value of Technocraft Industries (India) Ltd?

The latest fair value of Technocraft Industries (India) Ltd is ₹3070.99.

What is the Market Cap of Technocraft Industries (India) Ltd?

The Market Cap of Technocraft Industries (India) Ltd is 6,379 Cr..

What is the current Stock Price of Technocraft Industries (India) Ltd as on 19 June 2024?

The current stock price of Technocraft Industries (India) Ltd as on 19 June 2024 is ₹2,778.

What is the High / Low of Technocraft Industries (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Technocraft Industries (India) Ltd stocks is 2,869/1,502.

What is the Stock P/E of Technocraft Industries (India) Ltd?

The Stock P/E of Technocraft Industries (India) Ltd is 23.6.

What is the Book Value of Technocraft Industries (India) Ltd?

The Book Value of Technocraft Industries (India) Ltd is 729.

What is the Dividend Yield of Technocraft Industries (India) Ltd?

The Dividend Yield of Technocraft Industries (India) Ltd is 0.00 %.

What is the ROCE of Technocraft Industries (India) Ltd?

The ROCE of Technocraft Industries (India) Ltd is 18.7 %.

What is the ROE of Technocraft Industries (India) Ltd?

The ROE of Technocraft Industries (India) Ltd is 17.5 %.

What is the Face Value of Technocraft Industries (India) Ltd?

The Face Value of Technocraft Industries (India) 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 Technocraft Industries (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