Ferro Alloys Corporation Ltd

Ferro Alloys Corporation is one of the India's largest producers and exporters of Ferro Alloys, an essential ingredient for manufacture of Steel and Stainless Steel. FACOR is also engaged in Chrome Ore exploration, mining and beneficiation in the state of Odisha.

  • Market Cap: 17.05 Cr.
  • Current Price: 0.92
  • 52 weeks High / Low 3.83 / 0.92
  • Book Value: 12.33
  • Stock P/E:
  • Dividend Yield: 0.00 %
  • ROCE: 19.94 %
  • ROE: 12.72 %
  • Sales Growth (3Yrs): 0.35 %
  • Listed on BSE
  • Company Website
  • Face Value: 1.00
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Pros:
Stock is trading at 0.07 times its book value
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor growth of -2.44% over past five years.
Contingent liabilities of Rs.142759.69 Cr.
Promoters have pledged 29.64% of their holding.
Earnings include an other income of Rs.6.01 Cr.
Company's cost of borrowing seems high

Peer comparison Sector: Mining & Mineral products // Industry: Mining / Minerals / Metals

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
208.70 138.42 143.13 140.89 116.64 152.97 139.93 134.83 147.65 128.28 121.84 115.22
174.01 112.59 144.88 125.41 106.29 132.11 124.49 122.04 143.59 122.26 124.18 123.44
Operating Profit 34.69 25.83 -1.75 15.48 10.35 20.86 15.44 12.79 4.06 6.02 -2.34 -8.22
OPM % 16.62% 18.66% -1.22% 10.99% 8.87% 13.64% 11.03% 9.49% 2.75% 4.69% -1.92% -7.13%
2.98 26.46 1.93 1.83 0.37 1.44 1.22 0.86 1.06 1.02 2.08 1.85
Interest 3.81 2.89 2.01 2.77 2.20 2.63 2.33 2.24 2.08 2.10 0.92 1.85
Depreciation 1.32 1.43 1.43 1.44 1.44 1.43 1.44 1.46 1.44 1.35 1.37 1.36
Profit before tax 32.54 47.97 -3.26 13.10 7.08 18.24 12.89 9.95 1.60 3.59 -2.55 -9.58
Tax % 48.34% 20.66% 41.72% 24.89% -33.76% 37.55% 33.36% 26.53% 52.50% 29.53% 17.25% -2.82%
Net Profit 16.82 38.06 -1.90 9.84 9.46 11.39 8.60 7.31 0.76 2.52 -2.10 -9.85
EPS in Rs 0.91 2.05 -0.10 0.53 0.51 0.61 0.46 -0.39 0.04 0.14 -0.11 -0.53
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
313 310 349 495 487 534 651 603 569 611 539 575 513
227 255 326 432 471 483 585 560 560 556 489 522 513
Operating Profit 86 55 22 62 16 51 66 43 9 55 50 53 -0
OPM % 28% 18% 6% 13% 3% 10% 10% 7% 2% 9% 9% 9% -0%
4 4 14 9 5 4 2 3 6 6 31 5 6
Interest 5 2 3 3 14 15 15 17 18 16 10 9 7
Depreciation 9 10 10 10 10 9 9 5 5 7 6 6 6
Profit before tax 76 47 23 59 -2 31 43 25 -8 38 65 43 -7
Tax % 35% 39% 40% 36% -63% 17% 27% 22% 48% 42% 14% 34%
Net Profit 49 29 14 37 -3 26 31 19 -4 22 55 28 -9
EPS in Rs 2.57 1.50 0.72 1.98 0.00 1.39 1.69 1.03 0.00 1.19 2.99 1.51 -0.46
Dividend Payout % 19% 16% 26% 12% -0% 0% 0% 0% -0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:6.37%
5 Years:-2.44%
3 Years:0.35%
TTM:-5.76%
Compounded Profit Growth
10 Years:-0.45%
5 Years:-2.77%
3 Years:105.22%
TTM:-123.50%
Stock Price CAGR
10 Years:-28.66%
5 Years:-29.41%
3 Years:-56.08%
1 Year:-70.32%
Return on Equity
10 Years:10.00%
5 Years:9.13%
3 Years:14.45%
Last Year:12.72%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
19 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 102 125 135 167 164 190 221 240 236 127 182 210 210
Borrowings 25 27 21 47 109 140 112 101 84 111 39 41 41
60 61 76 88 107 88 125 122 128 127 93 98 89
Total Liabilities 205 232 251 321 398 435 477 482 466 385 333 367 358
70 72 88 84 77 77 87 87 98 194 177 171 168
CWIP 4 2 1 5 15 15 10 15 10 10 7 7 7
Investments 2 5 22 64 144 162 187 219 219 0 0 65 72
129 153 139 167 162 181 192 160 139 181 149 124 111
Total Assets 205 232 251 321 398 435 477 482 466 385 333 367 358

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
55 7 40 29 67 7 82 70 32 1 50 59
-4 -11 -40 -46 -91 -26 -39 -40 -10 -7 39 -64
-22 -12 -10 9 31 13 -43 -29 -21 8 -80 -5
Net Cash Flow 30 -16 -10 -8 7 -7 0 1 1 2 9 -10

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 60% 31% 15% 28% 4% 14% 17% 12% 3% 18% 20% 20%
Debtor Days 10 12 10 19 20 32 23 9 9 33 6 9
Inventory Turnover 3.16 3.28 3.77 4.14 3.76 4.24 5.03 4.30 5.10 5.30 4.20 5.39

Shareholding pattern in percentages

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
74.99 74.99 74.99 74.99 72.83 72.83 72.83 72.83 72.83 72.83 72.83 72.83
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.03
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
24.98 24.98 24.98 24.98 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.12