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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 531968 | NSE: IITLPROJ

IITL Projects Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 19, 2024, 5:19 pm

Market Cap 24.0 Cr.
Current Price 48.0
High / Low67.2/15.0
Stock P/E7.42
Book Value 70.7
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.05

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for IITL Projects Ltd

Competitors of IITL Projects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 24.0 Cr. 48.067.2/15.07.42 70.70.00 %%% 10.0
HB Estate Developers Ltd 172 Cr. 88.3125/41.023.1 80.10.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 1,101 Cr. 55.963.9/13.613.1 19.50.54 %%% 1.00
Gyan Developers & Builders Ltd 6.92 Cr. 23.033.8/6.74 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 56.2 Cr. 118163/87.4 96.90.00 %1.27 %9.45 % 1.00
Industry Average17,891.15 Cr272.6332.13129.970.16%24.93%17.75%22.76

All Competitor Stocks of IITL Projects Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales0.000.0018.611.091.50-0.023.472.290.430.680.582.560.50
Expenses1.401.46-0.862.160.210.140.444.200.611.05-2.44-1.750.48
Operating Profit-1.40-1.4619.47-1.071.29-0.163.03-1.91-0.18-0.373.024.310.02
OPM %104.62%-98.17%86.00%87.32%-83.41%-41.86%-54.41%520.69%168.36%4.00%
Other Income0.000.000.000.000.010.010.020.020.040.0619.382.050.52
Interest1.211.211.211.211.321.321.321.321.451.451.451.451.59
Depreciation0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax-2.61-2.6718.26-2.28-0.02-1.471.73-3.21-1.59-1.7620.954.91-1.05
Tax %0.00%0.00%0.00%0.00%50.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-2.61-2.6718.25-2.28-0.03-1.471.73-3.21-1.59-1.7620.954.91-1.05
EPS in Rs-5.23-5.3536.57-4.57-0.06-2.953.47-6.43-3.19-3.5341.989.84-2.10

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1721222121101124
Expenses19241774715151325-4-3
Operating Profit-2-35-4-3-5-14-14-12-0-467
OPM %-9%-13%22%-179%-268%-208%-1,638%-1,495%-2,800%-24%-248%258%162%
Other Income00104-42001662222
Interest0015434445566
Depreciation0000000000000
Profit before tax-2-35-9-3-12-16-18-1711-32323
Tax %-0%-1%12%-0%0%-0%0%0%0%0%0%0%
Net Profit-2-35-9-3-12-16-18-1711-32323
EPS in Rs-4.17-6.319.10-17.35-6.75-23.38-31.78-35.81-33.5021.42-5.9945.1046.19
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-50.00%266.67%-280.00%66.67%-300.00%-33.33%-12.50%5.56%164.71%-127.27%866.67%
Change in YoY Net Profit Growth (%)0.00%316.67%-546.67%346.67%-366.67%266.67%20.83%18.06%159.15%-291.98%993.94%

IITL Projects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:-19%
5 Years:23%
3 Years:78%
TTM:-47%
Compounded Profit Growth
10 Years:13%
5 Years:18%
3 Years:31%
TTM:167%
Stock Price CAGR
10 Years:5%
5 Years:16%
3 Years:33%
1 Year:170%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 2:30 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital5555555555555
Reserves2697-8-3-15-34-52-68-57-60-38-40
Borrowings1717224336000000190
Other Liabilities21363142514861789483834769
Total Liabilities68676582893933323130273333
Fixed Assets0000000000000
CWIP0000000000000
Investments173848728032272726262200
Other Assets5129171197655553333
Total Assets68676582893933323130273333

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-4-0220-01-0-1-0-0-27
Cash from Investing Activity +-8-20-9-2300-0-01-0027
Cash from Financing Activity +37-232100000000
Net Cash Flow25-22-4-00-00-10-0-00

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-19.00-20.00-17.00-47.00-39.00-5.00-14.00-14.00-12.000.00-4.00-13.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days821021364748732543361593322236125
Inventory Days2,6021,1407,5313,0395,0981,349984127
Days Payable1,0641369412534471238716
Cash Conversion Cycle821021364742,4111,2586,9252,9464,9831,448958136
Working Capital Days1709062-908-2,725-894-6,466-10,938-32,974-7,164-5,263-2,643
ROCE %-6%-7%18%-11%22%-17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters71.74%71.74%71.74%71.74%71.74%71.74%71.74%71.74%71.74%71.74%71.74%71.74%
Public28.26%28.26%28.26%28.26%28.26%28.26%28.26%28.26%28.26%28.26%28.26%28.27%
No. of Shareholders530622651674681683672690708668756829

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)45.16-6.0021.35-33.61-35.86
Diluted EPS (Rs.)45.16-6.0021.35-33.61-35.86
Cash EPS (Rs.)40.86-17.55-10.21-10.10-10.14
Book Value[Excl.RevalReserv]/Share (Rs.)-66.40-111.40-105.44-126.72-93.42
Book Value[Incl.RevalReserv]/Share (Rs.)-66.40-111.40-105.44-126.72-93.42
Revenue From Operations / Share (Rs.)5.002.852.450.871.89
PBDIT / Share (Rs.)11.94-6.97-0.57-1.29-2.12
PBIT / Share (Rs.)11.93-6.98-0.59-1.29-2.12
PBT / Share (Rs.)40.85-17.55-10.23-10.06-10.13
Net Profit / Share (Rs.)40.85-17.56-10.22-10.10-10.14
NP After MI And SOA / Share (Rs.)45.01-5.9721.28-33.49-35.74
PBDIT Margin (%)238.85-244.35-23.62-147.26-112.48
PBIT Margin (%)238.75-244.51-24.15-147.26-112.52
PBT Margin (%)817.38-615.18-417.40-1149.47-537.28
Net Profit Margin (%)817.39-615.45-417.37-1153.37-538.08
NP After MI And SOA Margin (%)900.46-209.42868.69-3826.23-1895.90
Return on Networth / Equity (%)-67.780.00-20.180.000.00
Return on Capital Employeed (%)43.74-88.31-17.864.6774.62
Return On Assets (%)68.01-10.9335.10-54.63-56.67
Asset Turnover Ratio (%)0.080.040.040.010.02
Current Ratio (X)1.660.200.160.110.14
Quick Ratio (X)1.620.090.040.010.01
Interest Coverage Ratio (X)1.03-0.65-0.06-0.14-0.26
Interest Coverage Ratio (Post Tax) (X)1.03-0.66-0.06-0.15-0.26
Enterprise Value (Cr.)-1.556.218.3113.878.53
EV / Net Operating Revenue (X)-0.624.356.7731.659.03
EV / EBITDA (X)-0.25-1.78-28.66-21.49-8.03
MarketCap / Net Operating Revenue (X)11.715.706.8832.279.07
Price / BV (X)-0.88-0.14-0.15-0.22-0.18
Price / Net Operating Revenue (X)11.715.706.8832.299.07
EarningsYield0.76-0.361.26-1.19-2.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of IITL Projects Ltd as of November 21, 2024 is: 80.26

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.

As of November 21, 2024, IITL Projects Ltd is Undervalued by 67.21% compared to the current share price 48.00

Default values used*: Default value of 15% for ROE is used

Intrinsic Value of IITL Projects Ltd as of November 21, 2024 is: 193.14

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, IITL Projects Ltd is Undervalued by 302.38% compared to the current share price 48.00

Default values used*: Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 140.64%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -128.67, which is a positive sign.
  1. The stock has a low average ROCE of -0.08%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 158.67, which may not be favorable.
  3. The company has higher borrowings (11.85) compared to reserves (-25.62), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (5.77) and profit (-1.62).

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 IITL Projects Ltd:
    1. Net Profit Margin: 817.39%
      • 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: 43.74% (Industry Average ROCE: 24.93%)
      • 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%: -67.78% (Industry Average ROE: 17.75%)
      • 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): 1.03
      • 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: 1.62
      • 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: 7.42 (Industry average Stock P/E: 32.13)
      • 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
      • 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 - Qualitative Analysis

IITL Projects Ltd. is a Public Limited Listed company incorporated on 26/10/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L01110MH1994PLC082421 and registration number is 082421. Currently Company is involved in the business activities of Construction of buildings carried out on own-account basis or on a fee or contract basis. Company’s Total Operating Revenue is Rs. 1.23 Cr. and Equity Capital is Rs. 5.01 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringOffice No 101A, �The Capital�, G-Block, Plot No C-70, Mumbai Maharashtra 400051iitlprojects@iitlgroup.com
http://www.iitlprojects.com
Management
NamePosition Held
Dr. Bidhubhusan SamalNon Exe. Non Ind Chairperson
Mr. Bipin AgarwalNon Exe.Non Ind.Director
Mr. Venkatesan NarayananIndependent Director
Mr. Milind DesaiIndependent Director
Mrs. Sujata ChattopadhyayIndependent Director
Mr. Shriram Surajmal KhandelwalIndependent Director
Mr. Shankar Narayan MokashiIndependent Director

FAQ

What is the latest intrinsic value of IITL Projects Ltd?

The latest intrinsic value of IITL Projects Ltd as on 21 November 2024 is ₹80.26, which is 67.21% higher than the current market price of ₹48.00.

What is the Market Cap of IITL Projects Ltd?

The Market Cap of IITL Projects Ltd is 24.0 Cr..

What is the current Stock Price of IITL Projects Ltd as on 21 November 2024?

The current stock price of IITL Projects Ltd as on 21 November 2024 is ₹48.0.

What is the High / Low of IITL Projects Ltd stocks in FY 2024?

In FY 2024, the High / Low of IITL Projects Ltd stocks is 67.2/15.0.

What is the Stock P/E of IITL Projects Ltd?

The Stock P/E of IITL Projects Ltd is 7.42.

What is the Book Value of IITL Projects Ltd?

The Book Value of IITL Projects Ltd is 70.7.

What is the Dividend Yield of IITL Projects Ltd?

The Dividend Yield of IITL Projects Ltd is 0.00 %.

What is the ROCE of IITL Projects Ltd?

The ROCE of IITL Projects Ltd is %.

What is the ROE of IITL Projects Ltd?

The ROE of IITL Projects Ltd is %.

What is the Face Value of IITL Projects Ltd?

The Face Value of IITL Projects 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 IITL Projects 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