Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Vascon Engineers Ltd

About the Company - Vascon Engineers Ltd

Vascon Engineers Ltd. is a Public Limited Listed company incorporated on 01/01/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L70100PN1986PLC175750 and registration number is 038511. Currently Company is involved in the business activities of Other specialized construction activities. Company’s Total Operating Revenue is Rs. 462.65 Cr. and Equity Capital is Rs. 217.32 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction & ContractingVascon Weikfield Chambers, Behind Hotel Novate, Pune Maharashtra 411014compliance.officer@vascon.com
http://www.vascon.com
Management
NamePosition Held
Mr. Ramamoorthy VasudevanChairman Emeritus
Mr. Mukesh Satpal MalhotraChairman & Ind.Director
Mr. Siddharth Vasudevan MoorthyManaging Director
Mrs. Sowmya Aditya IyerNon Executive Director
Mr. Sankaramahalingam BalasubramanianIndependent Director
Mr. K G KrishnamurthyIndependent Director
Dr. Santosh SundararajanWholeTime Director & Group CEO
Ms. Tara SubramaniamIndependent Director

Vascon Engineers Ltd. Share Price Update

Share PriceValue
Today₹76.55
Previous Day₹75.00

Basic Stock Data of Vascon Engineers Ltd

Market Cap 1,695 Cr.
Current Price 78.0
High / Low93.2/23.8
Stock P/E16.9
Book Value 43.2
Dividend Yield0.31 %
ROCE11.3 %
ROE11.3 %
Face Value 10.0

Data Source: screener.in

Competitors of Vascon Engineers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SKIL Infrastructure Ltd 181 Cr. 8.3510.2/2.8561.9 9.140.00 %0.21 %% 10.0
Simplex Infrastructures Ltd 629 Cr. 110116/29.8 25.60.00 %0.67 %100 % 2.00
ITD Cementation India Ltd 5,927 Cr. 345375/94.826.7 77.20.22 %18.8 %10.4 % 1.00
Sobha Ltd 15,417 Cr. 1,6261,665/412170 2630.19 %8.32 %4.24 % 10.0
Consolidated Construction Consortium Ltd 59.8 Cr. 1.501.62/1.15 17.30.00 %3.86 %% 2.00
Industry Average4,442.76 Cr418.1751.7278.450.08%6.37%22.93%5.00

Vascon Engineers Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales155189112153171218201217254327204217280
Expenses142181113148177200185206233278190207254
Operating Profit129-15-61816112149151027
OPM %8%5%-1%3%-4%8%8%5%8%15%7%5%9%
Other Income3238435218284182
Interest7566564323345
Depreciation3323332333344
Profit before tax62-74291412231752122120
Tax %4%-17%-2%19%0%24%6%0%6%4%3%3%7%
Net Profit53-73291111231650122119
EPS in Rs0.300.14-0.390.181.320.500.501.040.752.280.550.950.85

Vascon Engineers Ltd Quarterly Chart

Vascon Engineers Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7127086246235884905395245215066571,0191,029
Expenses674680610717551496531516466519634902928
Operating Profit382714-9437-68855-1323118101
OPM %5%4%2%-15%6%-1%1%2%11%-3%3%12%10%
Other Income48231911275838362012531133
Interest41374431403426272027251315
Depreciation18211922151614131512111214
Profit before tax27-7-30-136835440-4040103105
Tax %44%-136%-45%-6%-16%55%7%-24%0%-1%11%4%
Net Profit15-17-43-145915540-403699101
EPS in Rs0.86-1.07-2.80-9.170.530.120.330.382.22-2.241.624.494.63
Dividend Payout %0%0%-1%0%0%0%0%0%0%0%0%0%

Vascon Engineers 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 (%)-213.33%-152.94%-237.21%106.21%-88.89%400.00%0.00%700.00%-200.00%190.00%175.00%
Change in YoY Net Profit Growth (%)0.00%60.39%-84.27%343.42%-195.10%488.89%-400.00%700.00%-900.00%390.00%-15.00%

Vascon Engineers Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:14%
3 Years:25%
TTM:16%
Compounded Profit Growth
10 Years:21%
5 Years:127%
3 Years:37%
TTM:66%
Stock Price CAGR
10 Years:18%
5 Years:42%
3 Years:68%
1 Year:156%
Return on Equity
10 Years:-1%
5 Years:3%
3 Years:2%
Last Year:11%

Vascon Engineers Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital90909090161168174178178182217217217
Reserves640623570428465467494512556517594694722
Borrowings382304360334269274278253255215165142186
Other Liabilities392461455503457415376388366403514595594
Total Liabilities1,5051,4781,4751,3561,3521,3231,3221,3301,3561,3161,4901,6491,720
Fixed Assets2062051881891161301191141089994117124
CWIP2622252001000000
Investments806568611228486839881768382
Other Assets1,1931,1861,1931,1031,1141,1091,1161,1331,1501,1371,3201,4501,514
Total Assets1,5051,4781,4751,3561,3521,3231,3221,3301,3561,3161,4901,6491,720

Vascon Engineers Ltd Reserves and Borrowings Chart

Vascon Engineers Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -32126-877838281056387033104
Cash from Investing Activity 22-13-148-21-236-2-276-13-32
Cash from Financing Activity -57-116100-63-26-16-24-26-34-72-22-44
Net Cash Flow-67-3-123-9-12-828-244-128

Vascon Engineers Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1321391541721501671391401271189078
Inventory Days2,4123,038371453451476503416363219
Days Payable1,1882,217160197184192211219197167
Cash Conversion Cycle1321,364154993361424406425419316256129
Working Capital Days234191192119232362308369375391325209
ROCE %3%3%1%-11%4%4%3%3%6%-2%2%11%

Vascon Engineers Ltd Financial Efficiency Indicators Chart

Vascon Engineers Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters35.72%35.72%34.95%31.99%31.99%31.99%31.99%32.20%32.20%32.20%32.20%31.62%
FIIs0.38%0.39%0.01%0.03%0.16%0.02%0.15%0.40%0.22%0.51%0.90%0.11%
DIIs0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.11%0.09%0.14%
Public63.90%63.89%65.03%67.99%67.85%68.00%67.86%67.41%67.56%67.18%66.80%68.12%
No. of Shareholders33,46236,13734,84037,69840,46640,57940,28143,76443,44648,21058,08675,308

Vascon Engineers Ltd Shareholding Pattern Chart

No. of Vascon Engineers Ltd Shareholders

Vascon Engineers Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
LIC MF Infrastructure Fund1147500.560.98

Vascon Engineers Ltd ROCE Trend

Vascon Engineers Ltd EPS Trend

Vascon Engineers Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.491.76-2.272.220.39
Diluted EPS (Rs.)4.491.76-2.272.210.39
Cash EPS (Rs.)5.122.15-1.553.071.05
Book Value[Excl.RevalReserv]/Share (Rs.)42.5337.9238.9441.7539.27
Book Value[Incl.RevalReserv]/Share (Rs.)42.5337.9238.9441.7539.27
Revenue From Operations / Share (Rs.)46.9130.2327.7729.2429.42
PBDIT / Share (Rs.)5.893.48-0.054.152.47
PBIT / Share (Rs.)5.342.98-0.713.311.72
PBT / Share (Rs.)4.751.86-2.192.230.23
Net Profit / Share (Rs.)4.571.65-2.212.230.29
NP After MI And SOA / Share (Rs.)4.491.62-2.242.220.29
PBDIT Margin (%)12.5511.50-0.1914.178.39
PBIT Margin (%)11.389.86-2.5811.305.83
PBT Margin (%)10.136.14-7.887.640.81
Net Profit Margin (%)9.755.46-7.967.621.00
NP After MI And SOA Margin (%)9.565.35-8.077.591.00
Return on Networth / Equity (%)10.694.33-5.835.390.76
Return on Capital Employeed (%)11.587.54-1.696.843.55
Return On Assets (%)5.912.36-3.092.920.39
Long Term Debt / Equity (X)0.060.020.060.130.20
Total Debt / Equity (X)0.140.190.180.270.33
Asset Turnover Ratio (%)0.640.340.270.280.28
Current Ratio (X)1.971.871.822.052.09
Quick Ratio (X)1.241.050.981.081.03
Interest Coverage Ratio (X)10.013.09-0.033.881.67
Interest Coverage Ratio (Post Tax) (X)8.772.47-0.503.091.20
Enterprise Value (Cr.)577.54583.27393.98273.79441.89
EV / Net Operating Revenue (X)0.560.880.770.520.84
EV / EBITDA (X)4.517.72-400.923.7110.05
MarketCap / Net Operating Revenue (X)0.520.770.650.250.51
Price / BV (X)0.590.630.470.180.39
Price / Net Operating Revenue (X)0.520.770.650.250.51
EarningsYield0.180.06-0.120.290.01

Vascon Engineers Ltd Profitability Ratios (%)

Vascon Engineers Ltd Liquidity Ratios

Vascon Engineers Ltd Liquidity Ratios (%)

Vascon Engineers Ltd Interest Coverage Ratios (X)

Vascon Engineers Ltd Valuation Ratios

Fair Value / Intrinsic Value of Vascon Engineers Ltd

Fair Value: ₹82.75

The stock is undervalued by 6.10% compared to the current price ₹78

*Investments are subject to market risks

Strength and Weakness of Vascon Engineers Ltd

StrengthWeakness
  1. The company has higher reserves (560.15 cr) compared to borrowings (262.85 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (499.54 cr) and profit (9.38 cr) over the years.
  1. The stock has a low average ROCE of 2.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 275.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 334.67, which may not be favorable.

Should I Buy Vascon Engineers Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in Vascon Engineers Ltd:
    1. Net Profit Margin: 9.75% (Higher values are generally favorable)
      • 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: 11.58% (Industry Average ROCE: 6.37%)
      • 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): 8.77 (Higher values, preferably > 2, are recommended)
      • 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: 1.24 (Higher values, preferably > 1, are recommended)
      • 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: 16.9 (Industry average Stock P/E: 51.72)
      • 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: 0.14 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

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 Vascon Engineers 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