Longspur International Ventures Ltd

Longspur International Ventures Ltd

₹ 7.25 -1.89%
26 Apr - close price
About

Confidence Finance & Trading is carrying out business of financial service and Trading.

Key Points

History[1]
Confidence Finance and Trading Limited was incorporated as public Limited company named Confidence Trading Company Limited in 1980, subsequently their name changed to Confidence Finance and Trading Limited and a fresh certificate of incorporation was obtained in 2014.

  • Market Cap 9.90 Cr.
  • Current Price 7.25
  • High / Low 12.7 / 2.75
  • Stock P/E 198
  • Book Value 21.2
  • Dividend Yield 0.00 %
  • ROCE 0.82 %
  • ROE 0.32 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.34 times its book value
  • Debtor days have improved from 75.0 to 32.8 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 9.82%
  • Company has a low return on equity of 0.14% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.18%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.13 0.23 0.20 0.20 2.53 5.86 4.18 4.38 3.61 1.80 2.81 0.76 0.70
0.11 0.26 0.17 0.15 2.17 6.24 4.33 4.10 3.26 2.63 2.64 0.25 0.19
Operating Profit 0.02 -0.03 0.03 0.05 0.36 -0.38 -0.15 0.28 0.35 -0.83 0.17 0.51 0.51
OPM % 15.38% -13.04% 15.00% 25.00% 14.23% -6.48% -3.59% 6.39% 9.70% -46.11% 6.05% 67.11% 72.86%
0.00 0.00 0.00 0.00 0.00 0.02 0.30 0.30 0.00 0.00 0.00 0.02 0.00
Interest 0.00 0.02 0.00 0.00 0.00 0.04 0.00 0.00 0.00 0.13 0.00 0.12 0.00
Depreciation 0.00 0.00 0.00 0.00 0.03 0.03 0.01 0.01 0.01 0.05 0.02 0.02 0.02
Profit before tax 0.02 -0.05 0.03 0.05 0.33 -0.43 0.14 0.57 0.34 -1.01 0.15 0.39 0.49
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 2.33% 28.57% 26.32% 26.47% 29.70% 26.67% 25.64% 26.53%
0.02 -0.06 0.03 0.05 0.33 -0.42 0.10 0.42 0.25 -0.71 0.11 0.29 0.36
EPS in Rs 0.02 -0.06 0.03 0.05 0.32 -0.41 0.10 0.34 0.20 -0.57 0.09 0.21 0.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.89 1.94 1.60 2.15 6.95 3.32 2.30 10.61 1.28 0.67 8.78 14.57 6.07
0.40 0.80 1.06 1.59 6.85 3.16 2.31 10.91 1.72 0.65 8.73 14.32 5.71
Operating Profit 0.49 1.14 0.54 0.56 0.10 0.16 -0.01 -0.30 -0.44 0.02 0.05 0.25 0.36
OPM % 55.06% 58.76% 33.75% 26.05% 1.44% 4.82% -0.43% -2.83% -34.38% 2.99% 0.57% 1.72% 5.93%
0.00 0.00 0.03 0.00 0.00 0.04 0.15 0.36 0.46 0.01 0.03 0.00 0.02
Interest 0.00 0.01 0.01 0.00 0.00 0.15 0.05 0.03 0.00 0.02 0.04 0.13 0.25
Depreciation 0.00 0.03 0.05 0.08 0.04 0.03 0.02 0.01 0.01 0.01 0.03 0.07 0.11
Profit before tax 0.49 1.10 0.51 0.48 0.06 0.02 0.07 0.02 0.01 0.00 0.01 0.05 0.02
Tax % 40.82% 33.64% 31.37% 29.17% 33.33% 50.00% 28.57% 50.00% 0.00% -100.00% -60.00%
0.30 0.73 0.35 0.34 0.04 0.02 0.05 0.01 0.01 0.00 0.02 0.07 0.05
EPS in Rs 0.30 0.73 0.34 0.33 0.04 0.02 0.05 0.01 0.01 0.00 0.02 0.06 -0.01
Dividend Payout % 0.00% 70.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 22%
5 Years: 45%
3 Years: 125%
TTM: -66%
Compounded Profit Growth
10 Years: -21%
5 Years: 7%
3 Years: 91%
TTM: -86%
Stock Price CAGR
10 Years: -18%
5 Years: 66%
3 Years: 17%
1 Year: 22%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10.25 10.25 10.25 10.25 10.25 10.25 10.25 10.25 10.25 10.25 10.25 10.25 13.65
Reserves 5.30 5.43 9.34 6.12 11.31 11.33 11.38 11.39 11.40 11.39 11.41 11.49 15.29
0.00 0.00 0.00 0.00 0.00 0.31 0.00 0.00 0.11 1.47 0.00 0.49 0.00
0.39 1.06 0.24 5.79 0.04 2.34 1.63 0.22 0.91 1.06 3.29 3.45 2.65
Total Liabilities 15.94 16.74 19.83 22.16 21.60 24.23 23.26 21.86 22.67 24.17 24.95 25.68 31.59
0.00 0.16 0.20 0.11 0.08 0.05 0.03 0.03 0.02 0.01 0.25 0.06 0.03
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.01 0.00 2.35 2.35 8.05 10.22 10.34 10.00 10.00 5.16 2.50 1.00
15.94 16.57 19.63 19.70 19.17 16.13 13.01 11.49 12.65 14.16 19.54 23.12 30.56
Total Assets 15.94 16.74 19.83 22.16 21.60 24.23 23.26 21.86 22.67 24.17 24.95 25.68 31.59

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.75 -1.09 -1.99 -1.80 -1.99 -0.91 -0.83 -0.68 -0.95 0.44 -1.35 0.27
0.65 1.65 1.50 -0.40 1.85 -4.50 -1.15 0.74 1.10 -2.01 3.03 -0.76
-0.76 -0.04 0.68 1.71 0.12 5.50 1.83 1.53 -1.71 1.37 -1.52 0.36
Net Cash Flow -0.86 0.52 0.19 -0.49 -0.01 0.09 -0.16 1.60 -1.56 -0.20 0.17 -0.12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0.00 0.00 4.56 0.00 6.83 245.17 169.80 1.38 262.34 0.00 117.23 32.82
Inventory Days 52.14 359.02 14.92 21.37 149.32 1.46 6.89
Days Payable 0.00 77.79 0.00 361.71 447.95 8.05 599.15
Cash Conversion Cycle 0.00 52.14 4.56 281.23 21.75 -95.17 -128.83 -5.21 -329.92 0.00 117.23 32.82
Working Capital Days 303.48 -142.99 13.69 52.63 27.31 30.78 26.98 0.00 59.88 -490.30 -5.40 -38.08
ROCE % 6.16% 7.11% 2.95% 2.67% 0.32% 0.78% 0.55% 0.23% 0.05% 0.09% 0.22% 0.82%

Shareholding Pattern

Numbers in percentages

18 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
13.00% 13.00% 13.00% 13.00% 13.00% 13.00% 13.00% 13.08% 13.08% 10.06% 9.82% 9.82%
87.00% 87.00% 87.00% 87.00% 87.00% 87.01% 87.02% 86.93% 86.93% 89.94% 90.18% 90.17%
No. of Shareholders 8489049139189761,0231,0031,0671,2051,2101,4392,118

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