National Standard (India) Ltd

National Standard (India) Ltd

₹ 5,220 1.56%
30 May - close price
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 10,440 Cr.
  • Current Price 5,220
  • High / Low 8,700 / 3,711
  • Stock P/E 1,265
  • Book Value 122
  • Dividend Yield 0.00 %
  • ROCE 5.02 %
  • ROE 3.43 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Debtor days have improved from 112 to 23.1 days.

Cons

  • Stock is trading at 42.7 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 5.23% over last 3 years.
  • Earnings include an other income of Rs.10.6 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

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1.26 0.40 0.23 0.39 15.84 0.38 6.86 0.03 18.21 1.05 1.07 5.80 9.43
0.10 0.51 1.56 0.43 12.66 0.58 2.33 0.63 7.23 1.26 2.19 3.75 8.61
Operating Profit 1.16 -0.11 -1.33 -0.04 3.18 -0.20 4.53 -0.60 10.98 -0.21 -1.12 2.05 0.82
OPM % 92.06% -27.50% -578.26% -10.26% 20.08% -52.63% 66.03% -2,000.00% 60.30% -20.00% -104.67% 35.34% 8.70%
0.78 2.48 2.87 2.77 6.39 2.79 9.15 4.40 3.06 2.49 2.42 2.75 2.91
Interest 0.03 0.07 0.00 0.00 0.14 0.00 0.05 0.03 0.00 0.02 0.00 0.00 0.04
Depreciation 0.06 0.06 0.06 0.06 0.06 0.04 0.04 0.03 0.00 0.00 0.00 0.00 0.00
Profit before tax 1.85 2.24 1.48 2.67 9.37 2.55 13.59 3.74 14.04 2.26 1.30 4.80 3.69
Tax % -35.14% 28.12% 27.70% 35.21% 28.71% 55.69% 23.84% 23.26% 26.78% 30.53% 40.00% 32.29% 26.83%
Net Profit 2.49 1.60 1.06 1.72 6.67 1.12 10.35 2.86 10.27 1.56 0.77 3.24 2.70
EPS in Rs 1.24 0.80 0.53 0.86 3.34 0.56 5.18 1.43 5.14 0.78 0.38 1.62 1.35
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
11.21 31.38 110.80 147.89 184.12 111.34 35.49 13.82 5.39 16.86 25.46 17.35
13.52 19.68 64.93 82.55 94.88 52.05 25.17 18.75 6.20 15.17 10.74 15.86
Operating Profit -2.31 11.70 45.87 65.34 89.24 59.29 10.32 -4.93 -0.81 1.69 14.72 1.49
OPM % -20.61% 37.28% 41.40% 44.18% 48.47% 53.25% 29.08% -35.67% -15.03% 10.02% 57.82% 8.59%
7.70 14.64 16.54 14.12 21.34 23.21 12.26 11.25 9.46 14.51 19.39 10.58
Interest 9.85 18.87 15.50 12.66 19.21 10.74 5.37 0.29 0.13 0.21 0.08 0.05
Depreciation 0.33 0.36 0.34 0.34 0.03 0.08 0.02 0.02 0.23 0.24 0.12 0.00
Profit before tax -4.79 7.11 46.57 66.46 91.34 71.68 17.19 6.01 8.29 15.75 33.91 12.02
Tax % 144.89% 18.28% 32.90% 36.23% 33.49% 42.22% 35.31% 20.80% 21.23% 29.78% 27.46% 31.36%
Net Profit 2.15 5.80 31.25 42.38 60.75 41.42 11.12 4.76 6.53 11.05 24.61 8.25
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
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -6%
5 Years: -13%
3 Years: 48%
TTM: -32%
Compounded Profit Growth
10 Years: 4%
5 Years: -6%
3 Years: 8%
TTM: -56%
Stock Price CAGR
10 Years: %
5 Years: 196%
3 Years: 336%
1 Year: -33%
Return on Equity
10 Years: 15%
5 Years: 4%
3 Years: 5%
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
20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00
Reserves -23.72 -17.92 13.33 55.71 116.66 158.08 169.20 173.96 180.49 191.54 216.15 224.40
100.00 114.96 94.70 149.64 114.29 78.88 0.00 0.00 0.00 0.00 0.00 0.00
16.07 58.42 66.55 97.10 110.03 39.38 15.93 11.98 13.77 15.73 9.62 9.05
Total Liabilities 112.35 175.46 194.58 322.45 360.98 296.34 205.13 205.94 214.26 227.27 245.77 253.45
1.06 0.73 0.55 0.21 0.19 0.11 0.08 4.04 4.85 3.44 0.03 0.02
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
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
111.29 174.73 194.03 322.24 360.79 296.23 205.05 201.90 209.41 223.83 245.74 253.43
Total Assets 112.35 175.46 194.58 322.45 360.98 296.34 205.13 205.94 214.26 227.27 245.77 253.45

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
-14.34 12.97 49.70 53.58 77.99 -11.75 -19.67 7.14 2.14 1.37 -0.79 12.83
-69.56 -9.79 -1.96 -103.69 -20.49 51.40 106.40 -9.04 -0.59 -3.25 2.12 -13.76
84.04 -1.88 -37.29 41.85 -50.71 -47.70 -85.87 -0.33 -0.03 0.00 0.00 0.00
Net Cash Flow 0.14 1.30 10.45 -8.27 6.79 -8.04 0.86 -2.23 1.52 -1.88 1.33 -0.93

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 49.17 90.03 24.81 68.61 30.59 35.18 74.25 206.80 335.88 75.99 236.69 23.14
Inventory Days 788.54 1,696.04
Days Payable 74.57 142.09
Cash Conversion Cycle 763.14 1,643.98 24.81 68.61 30.59 35.18 74.25 206.80 335.88 75.99 236.69 23.14
Working Capital Days 2,850.97 1,266.57 383.58 550.40 485.45 833.17 1,891.03 4,877.85 12,619.93 4,201.18 2,887.74 5,002.08
ROCE % 10.65% 24.36% 50.65% 44.78% 46.42% 32.45% 10.11% 3.29% 4.27% 5.83% 11.63% 5.02%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 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 26.06 26.06 26.06 26.05 26.05 26.05

Documents