National Standard (India) Ltd

National Standard (India) Ltd

₹ 5,190 0.62%
23 Feb 4:01 p.m.
About

National Standard (India) Limited, incorporated in 1962, is presently engaged in the business of Real Estate Development. The Co. is a part of the Lodha Group Since May 2011. It is a subsidiary of Ananthnath Constructions and Farms Private Limited. [1] [2]

Key Points

Revenue Break-up
Revenue from operations:
Income From Property Development - 39% vs (96% in FY 19)
Sale of Building Materials - 1 %
Other Operating Revenue - 6% vs (4% in FY 19)
Other Income was 64% of total revenue in FY 20 and 45% of total revenue in FY 19 constituting:
Interest from Loans - 98% vs (92% in FY 19)
Others - 2% vs (8% in FY 19) [1][2]
The loans and advances have been given to the holding co. [3]

  • Market Cap 10,380 Cr.
  • Current Price 5,190
  • High / Low 6,974 / 3,882
  • Stock P/E 786
  • Book Value 125
  • Dividend Yield 0.00 %
  • ROCE 5.02 %
  • ROE 3.43 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Debtor days have improved from 112 to 23.1 days.

Cons

  • Stock is trading at 41.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.09% over last 3 years.
  • Earnings include an other income of Rs.15.2 Cr.

* 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: Construction Industry: Construction

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Quarterly Results

Figures in Rs. Crores

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
0.39 15.84 0.38 6.86 0.03 18.21 1.05 1.07 5.80 9.43 0.45 0.52 14.82
0.43 12.66 0.58 2.33 0.63 7.23 1.26 2.19 3.75 8.63 0.75 0.83 12.24
Operating Profit -0.04 3.18 -0.20 4.53 -0.60 10.98 -0.21 -1.12 2.05 0.80 -0.30 -0.31 2.58
OPM % -10.26% 20.08% -52.63% 66.03% -2,000.00% 60.30% -20.00% -104.67% 35.34% 8.48% -66.67% -59.62% 17.41%
2.77 6.39 2.79 9.15 4.40 3.06 2.49 2.42 2.75 2.91 4.13 4.14 4.00
Interest 0.00 0.14 0.00 0.05 0.03 0.00 0.02 0.00 0.00 0.04 0.00 0.00 0.00
Depreciation 0.06 0.06 0.04 0.04 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 2.67 9.37 2.55 13.59 3.74 14.04 2.26 1.30 4.80 3.67 3.83 3.83 6.58
Tax % 35.21% 28.71% 55.69% 23.84% 23.26% 26.78% 30.53% 40.00% 32.29% 26.98% 26.89% 26.63% 25.23%
1.72 6.67 1.12 10.35 2.86 10.27 1.56 0.77 3.24 2.68 2.80 2.80 4.92
EPS in Rs 0.86 3.34 0.56 5.18 1.43 5.14 0.78 0.38 1.62 1.34 1.40 1.40 2.46
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
11 31 111 148 184 111 35 14 5 17 25 17 25
14 20 65 83 95 52 25 19 6 15 11 16 22
Operating Profit -2 12 46 65 89 59 10 -5 -1 2 15 1 3
OPM % -21% 37% 41% 44% 48% 53% 29% -36% -15% 10% 58% 9% 11%
8 15 17 14 21 23 12 11 9 15 19 11 15
Interest 10 19 16 13 19 11 5 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -5 7 47 66 91 72 17 6 8 16 34 12 18
Tax % 145% 18% 33% 36% 33% 42% 35% 21% 21% 30% 27% 31%
2 6 31 42 61 41 11 5 7 11 25 8 13
EPS in Rs 1.08 2.90 15.62 21.19 30.38 20.71 5.56 2.38 3.26 5.52 12.30 4.12 6.60
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -13%
3 Years: 48%
TTM: -3%
Compounded Profit Growth
10 Years: 4%
5 Years: -6%
3 Years: 8%
TTM: -17%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 116%
1 Year: 12%
Return on Equity
10 Years: 15%
5 Years: 5%
3 Years: 6%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

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 20 20 20 20 20 20 20 20 20 20 20 20 20
Reserves -24 -18 13 56 117 158 169 174 180 192 216 224 230
100 115 95 150 114 79 0 0 0 0 0 0 0
16 58 67 97 110 39 16 12 14 16 10 9 9
Total Liabilities 112 175 195 322 361 296 205 206 214 227 246 253 259
1 1 1 0 0 0 0 4 5 3 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
111 175 194 322 361 296 205 202 209 224 246 253 259
Total Assets 112 175 195 322 361 296 205 206 214 227 246 253 259

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-14 13 50 54 78 -12 -20 7 2 1 3 13
-70 -10 -2 -104 -20 51 106 -9 -1 -3 -2 -14
84 -2 -37 42 -51 -48 -86 -0 -0 0 0 0
Net Cash Flow 0 1 10 -8 7 -8 1 -2 2 -2 1 -1

Ratios

Figures in Rs. Crores

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 49 90 25 69 31 35 74 207 336 76 237 23
Inventory Days 789 1,696
Days Payable 75 142
Cash Conversion Cycle 763 1,644 25 69 31 35 74 207 336 76 237 23
Working Capital Days 2,851 1,267 384 550 485 833 1,891 4,878 12,620 4,201 2,888 5,002
ROCE % 11% 24% 51% 45% 46% 32% 10% 3% 4% 6% 15% 5%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94%
26.06% 26.06% 26.06% 26.06% 26.06% 26.06% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05%
No. of Shareholders 1,0591,1461,3582,2632,5382,6972,6962,6772,7122,7182,6802,625

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