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

Fundamental Analysis of Technocraft Industries (India) Ltd

About the Company - Technocraft Industries (India) Ltd

Technocraft Industries (India) Ltd. is a Public Limited Listed company incorporated on 28/10/1992 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28120MH1992PLC069252 and registration number is 069252. Currently Company is involved in the business activities of Manufacture of tube and tube fittings of basic iron and steel. Company’s Total Operating Revenue is Rs. 1666.90 Cr. and Equity Capital is Rs. 24.46 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel'Opus Centre', Plot No. 47, Central Road, MIDC, Mumbai Maharashtra 400093investor@technocraftgroup.com
http://www.technocraftgroup.com
Management
NamePosition Held
Mr. Sharad Kumar SarafChairman & Managing Director
Mr. Sudarshan Kumar SarafCo-Chairman & Manag. Director
Mr. Navneet Kumar SarafWholeTime Director & CEO
Mr. Ashish Kuamr SarafWholeTime Director & CFO
Mr. Atanu ChoudharyWhole Time Director
Mr. Vinod B AgarwalaIndependent Director
Mr. Jagdeesh Mal MehtaIndependent Director
Mr. Vishwambhar C SarafIndependent Director
Mr. Aubrey I RebelloIndependent Director
Ms. Vaishali ChoudhariIndependent Director

Technocraft Industries (India) Ltd. Share Price Update

Share PriceValue
Today₹2,041.25
Previous Day₹2,076.60

Basic Stock Data of Technocraft Industries (India) Ltd

Market Cap 4,662 Cr.
Current Price 2,030
High / Low2,750/1,000
Stock P/E18.0
Book Value 682
Dividend Yield0.00 %
ROCE19.6 %
ROE19.3 %
Face Value 10.0

Data Source: screener.in

Competitors of Technocraft Industries (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tata Steel Ltd 1,76,531 Cr. 143147/10291.2 72.52.53 %12.6 %7.28 % 1.00
Visa Steel Ltd 232 Cr. 20.022.3/9.80 70.00.00 %7.45 %% 10.0
Prakash Industries Ltd 3,274 Cr. 183224/48.810.4 1740.00 %7.87 %6.58 % 10.0
SAL Steel Ltd 213 Cr. 25.030.6/12.9 4.930.00 %8.12 %8.95 % 10.0
Adishakti Loha & Ispat ltd 5.56 Cr. 12.216.0/7.4026.5 11.40.00 %1.78 %1.39 % 10.0
Industry Average90.91 Cr76.6425.6266.570.51%7.56%4.84%8.2

Technocraft Industries (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales300335385405442510554539476489480557520
Expenses259284321307353410449430380378393426418
Operating Profit40516498891001051089711188130102
OPM %13%15%17%24%20%20%19%20%20%23%18%23%20%
Other Income12261216166158122861417
Interest776656466871110
Depreciation16171815151617151615181617
Profit before tax2953539284849995871156811892
Tax %24%21%27%22%22%23%27%21%24%24%26%23%24%
Net Profit22423972666572756687509170
EPS in Rs8.7716.9614.8928.6126.2925.6628.7629.1125.7534.2121.4337.0528.73

Technocraft Industries (India) Ltd Quarterly Chart

Technocraft Industries (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6508051,0401,0299219361,1841,3131,3521,2951,9111,9852,046
Expenses5996839058947707901,0101,1161,1481,0921,5191,5811,615
Operating Profit51121135135151146175198204203392403431
OPM %8%15%13%13%16%16%15%15%15%16%21%20%21%
Other Income20232715324147374568525465
Interest11859101923323729212837
Depreciation33302732262429385268636466
Profit before tax27107130109147144170164159175360366393
Tax %44%31%31%31%32%30%29%27%21%23%24%24%
Net Profit15749075100101120119126134274278298
EPS in Rs4.8423.5528.4323.8538.1739.1448.8447.7350.1853.19109.31116.32121.42
Dividend Payout %21%13%18%21%8%0%0%0%0%0%0%0%

Technocraft Industries (India) Ltd 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%

Technocraft Industries (India) Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:11%
3 Years:14%
TTM:1%
Compounded Profit Growth
10 Years:14%
5 Years:17%
3 Years:29%
TTM:-9%
Stock Price CAGR
10 Years:37%
5 Years:31%
3 Years:73%
1 Year:80%
Return on Equity
10 Years:17%
5 Years:17%
3 Years:18%
Last Year:19%

Technocraft Industries (India) Ltd 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

Technocraft Industries (India) Ltd 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

Technocraft Industries (India) Ltd 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%

Technocraft Industries (India) Ltd Financial Efficiency Indicators Chart

Technocraft Industries (India) Ltd 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

Technocraft Industries (India) Ltd Shareholding Pattern Chart

No. of Technocraft Industries (India) Ltd Shareholders

Technocraft Industries (India) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund64680.261.64

Technocraft Industries (India) Ltd ROCE Trend

Technocraft Industries (India) Ltd EPS Trend

Technocraft Industries (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)110.98109.3153.1950.1947.73
Diluted EPS (Rs.)110.98109.3153.1950.1947.73
Cash EPS (Rs.)149.07137.9182.4373.0164.34
Book Value[Excl.RevalReserv]/Share (Rs.)628.16553.77443.31389.25340.70
Book Value[Incl.RevalReserv]/Share (Rs.)628.16553.77443.31389.25340.70
Revenue From Operations / Share (Rs.)864.28781.26529.21552.63536.95
PBDIT / Share (Rs.)197.60179.68111.65100.5396.01
PBIT / Share (Rs.)169.72153.9684.0579.1280.33
PBT / Share (Rs.)157.56147.2076.6263.8167.09
Net Profit / Share (Rs.)121.19112.2054.8351.5948.66
NP After MI And SOA / Share (Rs.)116.32109.3153.1950.1947.73
PBDIT Margin (%)22.8622.9921.0918.1917.88
PBIT Margin (%)19.6319.7015.8814.3114.96
PBT Margin (%)18.2218.8414.4711.5412.49
Net Profit Margin (%)14.0214.3610.369.339.06
NP After MI And SOA Margin (%)13.4513.9910.059.088.88
Return on Networth / Equity (%)18.8620.0012.1313.0014.11
Return on Capital Employeed (%)25.8926.1316.7117.1421.22
Return On Assets (%)11.2912.667.326.757.18
Long Term Debt / Equity (X)0.020.030.090.140.06
Total Debt / Equity (X)0.460.370.400.670.75
Asset Turnover Ratio (%)0.880.930.600.740.83
Current Ratio (X)1.792.112.121.731.55
Quick Ratio (X)0.871.291.280.960.86
Inventory Turnover Ratio (X)1.432.071.121.481.78
Interest Coverage Ratio (X)16.2420.669.486.577.25
Interest Coverage Ratio (Post Tax) (X)10.8313.695.734.294.67
Enterprise Value (Cr.)3287.672848.491335.72969.771954.27
EV / Net Operating Revenue (X)1.661.491.030.711.49
EV / EBITDA (X)7.256.484.893.948.32
MarketCap / Net Operating Revenue (X)1.401.270.740.301.05
Price / BV (X)1.971.810.890.441.66
Price / Net Operating Revenue (X)1.401.270.740.301.05
EarningsYield0.090.110.130.290.08

Technocraft Industries (India) Ltd Profitability Ratios (%)

Technocraft Industries (India) Ltd Liquidity Ratios

Technocraft Industries (India) Ltd Liquidity Ratios (%)

Technocraft Industries (India) Ltd Interest Coverage Ratios (X)

Technocraft Industries (India) Ltd Valuation Ratios

Fair Value / Intrinsic Value of Technocraft Industries (India) Ltd

Fair Value: ₹2416.65

The stock is undervalued by 19.05% compared to the current price ₹2030

*Investments are subject to market risks

Strength and Weakness of Technocraft Industries (India) Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 16.00%, which is a positive sign.
  2. The company has higher reserves (840.08 cr) compared to borrowings (414.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (255.54 cr) and profit (188.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 113.44 and average Dividend Yield of 16.90%.
  2. The stock has a high average Working Capital Days of 175.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 278.33, which may not be favorable.

Should I Buy Technocraft Industries (India) Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Technocraft Industries (India) Ltd:
    1. Net Profit Margin: 14.02%
      • 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: 25.89% (Industry Average ROCE: 7.34%)
      • 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): 10.83
      • 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: 0.87
      • 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: 18.0 (Industry average Stock P/E: 30.44)
      • 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: 0.46
      • 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 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