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

Fundamental Analysis of Texmaco Rail & Engineering Ltd

About the Company - Texmaco Rail & Engineering Ltd

Texmaco Rail & Engineering Ltd. is a Public Limited Listed company incorporated on 25/06/1998 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L29261WB1998PLC087404 and registration number is 087404. Currently Company is involved in the business activities of Casting of metals. Company’s Total Operating Revenue is Rs. 1621.74 Cr. and Equity Capital is Rs. 32.19 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - HeavyBelgharia, Kolkata West Bengal 700056texmail@texmaco.in
http://www.texmaco.in
Management
NamePosition Held
Mr. S K PoddarExecutive Chairman
Mr. Indrajit MookerjeeVice Chairman & Exe.Director
Mr. A K GuptaDeputy Managing Director
Mr. D H KelaExecutive Director
Mr. A K VijayExecutive Director
Mr. D R KaarthikeyanDirector
Mr. Utsav ParekhDirector
Mr. Akshay PoddarDirector
Mr. Virendra SinhaDirector
Ms. Rusha MitraDirector
Mr. Sudipta MukherjeeDeputy Managing Director
Mr. P S BhattacharyyaDirector
Mr. Amitabha GuhaDirector

Texmaco Rail & Engineering Ltd. Share Price Update

Share PriceValue
Today₹197.55
Previous Day₹205.00

Basic Stock Data of Texmaco Rail & Engineering Ltd

Market Cap 6,988 Cr.
Current Price 182
High / Low232/40.5
Stock P/E83.9
Book Value 35.9
Dividend Yield0.08 %
ROCE6.63 %
ROE1.47 %
Face Value 1.00

Data Source: screener.in

Competitors of Texmaco Rail & Engineering Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
TD Power Systems Ltd (TDPS) 4,178 Cr. 268314/13033.8 42.00.18 %22.1 %16.9 % 2.00
Triveni Turbine Ltd 14,336 Cr. 451498/29057.8 27.90.29 %28.7 %21.5 % 1.00
Techno Electric & Engineering Company Ltd 8,404 Cr. 781860/31242.3 1850.75 %8.18 %9.91 % 2.00
Bright Solar Ltd 27.2 Cr. 10.912.4/4.65 12.90.00 %0.33 %0.16 % 10.0
Titagarh Rail Systems Ltd 12,898 Cr. 9581,249/20350.5 1030.05 %17.6 %13.9 % 2.00
Industry Average13.04 Cr493.7836.8874.160.25%15.38%12.47%3.4

Texmaco Rail & Engineering Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales458606331374470447299484625835657805896
Expenses409554295336435419309442570781636730814
Operating Profit485336383627-10425554217583
OPM %11%9%11%10%8%6%-3%9%9%7%3%9%9%
Other Income5136691061371139812
Interest27242626252322303231353734
Depreciation91099999999999
Profit before tax183279116-35162226173852
Tax %-1%39%29%36%85%-4%35%16%48%31%13%42%44%
Net Profit18205626-23141118152229
EPS in Rs0.530.610.150.180.050.19-0.700.420.350.540.450.680.77

Texmaco Rail & Engineering Ltd Quarterly Chart

Texmaco Rail & Engineering Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7678294464391,0771,1541,1351,8581,8321,6891,8142,6002,922
Expenses6337044294191,0261,0961,0751,6911,6751,5691,6772,4582,717
Operating Profit1341251820515861167157120137142206
OPM %17%15%4%4%5%5%5%9%9%7%8%5%7%
Other Income2631232445475121-12332313866
Interest141210124748617197103100116134
Depreciation991215151625293637363535
Profit before tax136135191634422688-99123229102
Tax %32%30%10%15%20%20%48%15%33%-2%44%31%
Net Profit9394171427341375-6612182065
EPS in Rs3.353.380.610.430.851.000.402.24-1.910.370.570.622.02
Dividend Payout %20%19%27%38%19%16%41%10%-3%21%18%24%

Texmaco Rail & Engineering 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 (%)1.08%-81.91%-17.65%92.86%25.93%-61.76%476.92%-188.00%118.18%50.00%11.11%
Change in YoY Net Profit Growth (%)0.00%-82.99%64.27%110.50%-66.93%-87.69%538.69%-664.92%306.18%-68.18%-38.89%

Texmaco Rail & Engineering Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:18%
3 Years:12%
TTM:72%
Compounded Profit Growth
10 Years:-14%
5 Years:9%
3 Years:-36%
TTM:883%
Stock Price CAGR
10 Years:18%
5 Years:30%
3 Years:95%
1 Year:335%
Return on Equity
10 Years:3%
5 Years:3%
3 Years:1%
Last Year:1%

Texmaco Rail & Engineering Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital18181821212222222225323232
Reserves4905635748729871,0231,0501,1181,0051,1151,2941,3131,346
Borrowings711021021073353245225877607797109841,089
Other Liabilities4893853243485214546579791,0987236261,011986
Total Liabilities1,0681,0671,0181,3481,8651,8232,2512,7062,8872,6422,6623,3403,453
Fixed Assets103113160206228246344365409378361367373
CWIP375548542510442916
Investments3133193176105445022531431001287192110
Other Assets6155804925271,0881,0731,6472,1892,3752,1322,2272,8722,954
Total Assets1,0681,0671,0181,3481,8651,8232,2512,7062,8872,6422,6623,3403,453

Texmaco Rail & Engineering Ltd Reserves and Borrowings Chart

Texmaco Rail & Engineering Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 128575441-65-23-208-45424024-106
Cash from Investing Activity -71-29-38-332666316345-96-2322-73
Cash from Financing Activity -58-2-312828-5251-660-11-12154
Net Cash Flow-026-15-910-116-66633-25

Texmaco Rail & Engineering Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10399157125140138219160128132115110
Inventory Days2181762843291589814012716196120153
Days Payable268171275253153105159157166133104128
Cash Conversion Cycle5410416520114513120013012395131135
Working Capital Days5472125115159166311259251287293238
ROCE %25%22%3%2%5%5%6%9%8%6%7%7%

Texmaco Rail & Engineering Ltd Financial Efficiency Indicators Chart

Texmaco Rail & Engineering Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters56.55%56.55%56.55%58.33%58.35%58.35%58.35%58.38%58.70%58.70%58.70%50.16%
FIIs3.34%3.21%3.29%2.66%1.82%1.56%1.72%1.79%1.89%2.15%2.30%9.57%
DIIs8.95%8.42%8.42%8.34%8.18%7.77%7.69%7.07%7.00%6.71%6.14%8.80%
Public31.16%31.82%31.74%30.67%31.65%32.32%32.24%32.76%32.42%32.44%32.86%31.46%
No. of Shareholders86,73886,17988,72195,69793,24399,30097,6921,16,3681,14,5201,18,0741,55,1031,91,870

Texmaco Rail & Engineering Ltd Shareholding Pattern Chart

No. of Texmaco Rail & Engineering Ltd Shareholders

Texmaco Rail & Engineering Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund114087830.45195.26
HDFC Balanced Advantage Fund - Regular Plan107090250.25183.29
LIC MF Large & Mid Cap Fund14933761.0325.56
LIC MF Multi Cap Fund8213101.7314.06
LIC MF Infrastructure Fund3356863.655.75
LIC MF Small Cap Fund3280552.95.61
LIC MF Balanced Advantage Fund1689090.32.89

Texmaco Rail & Engineering Ltd ROCE Trend

Texmaco Rail & Engineering Ltd EPS Trend

Texmaco Rail & Engineering Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)0.810.750.62-2.883.43
Diluted EPS (Rs.)0.810.750.62-2.883.35
Cash EPS (Rs.)1.451.501.64-1.474.63
Book Value[Excl.RevalReserv]/Share (Rs.)42.0441.2745.5045.6851.73
Book Value[Incl.RevalReserv]/Share (Rs.)43.1841.2745.5045.6851.73
Revenue From Operations / Share (Rs.)69.7050.3867.4681.4684.44
PBDIT / Share (Rs.)5.345.055.748.038.42
PBIT / Share (Rs.)4.243.934.256.437.10
PBT / Share (Rs.)0.630.820.13-4.543.90
Net Profit / Share (Rs.)0.350.370.14-3.073.31
NP After MI And SOA / Share (Rs.)0.800.630.56-2.883.43
PBDIT Margin (%)7.6510.028.519.859.97
PBIT Margin (%)6.087.806.297.888.40
PBT Margin (%)0.901.620.19-5.564.61
Net Profit Margin (%)0.510.750.21-3.773.91
NP After MI And SOA Margin (%)1.161.260.83-3.534.05
Return on Networth / Equity (%)1.921.541.24-6.316.62
Return on Capital Employeed (%)8.258.358.1511.4111.14
Return On Assets (%)0.760.760.53-2.242.80
Long Term Debt / Equity (X)0.120.040.030.050.04
Total Debt / Equity (X)0.720.530.660.720.50
Asset Turnover Ratio (%)0.740.610.610.650.75
Current Ratio (X)1.591.841.521.401.67
Quick Ratio (X)1.201.531.291.071.32
Inventory Turnover Ratio (X)3.353.332.392.653.68
Dividend Payout Ratio (NP) (%)12.3612.2115.87-12.137.29
Dividend Payout Ratio (CP) (%)5.254.434.35-27.385.26
Earning Retention Ratio (%)87.6487.7984.13112.1392.71
Cash Earning Retention Ratio (%)94.7595.5795.65127.3894.74
Interest Coverage Ratio (X)1.481.621.401.872.63
Interest Coverage Ratio (Post Tax) (X)1.101.121.031.842.03
Enterprise Value (Cr.)2161.221863.031324.781103.462045.40
EV / Net Operating Revenue (X)0.961.150.780.601.10
EV / EBITDA (X)12.5811.459.226.1111.04
MarketCap / Net Operating Revenue (X)0.600.820.390.230.81
Retention Ratios (%)87.6387.7884.12112.1392.70
Price / BV (X)1.011.010.580.421.33
Price / Net Operating Revenue (X)0.600.820.390.230.81
EarningsYield0.010.010.02-0.140.04

Texmaco Rail & Engineering Ltd Profitability Ratios (%)

Texmaco Rail & Engineering Ltd Liquidity Ratios

Texmaco Rail & Engineering Ltd Liquidity Ratios (%)

Texmaco Rail & Engineering Ltd Interest Coverage Ratios (X)

Texmaco Rail & Engineering Ltd Valuation Ratios

Fair Value / Intrinsic Value of Texmaco Rail & Engineering Ltd

Fair Value: ₹44.31

The stock is overvalued by 75.65% compared to the current price ₹182

*Investments are subject to market risks

Strength and Weakness of Texmaco Rail & Engineering Ltd

StrengthWeakness
  1. The company has higher reserves (980.77 cr) compared to borrowings (497.85 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (191.69 cr) and profit (44.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 5.19 and average Dividend Yield of 7.29%.
  2. The stock has a low average ROCE of 8.75%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 194.17, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 134.50, which may not be favorable.

Should I Buy Texmaco Rail & Engineering Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Texmaco Rail & Engineering Ltd:
    1. Net Profit Margin: 0.51%
      • 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: 8.25% (Industry Average ROCE: 47.3%)
      • 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): 1.10
      • 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: 1.20
      • 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: 86.2 (Industry average Stock P/E: 49)
      • 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: 0.72
      • 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 Texmaco Rail & Engineering 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