Duncan Engineering Ltd

Duncan Engineering Ltd

₹ 513 5.88%
14 Jun - close price
About

Incorporated in 1962, Duncan Engineering Ltd is a manufacturer of fluid power and automation products[1]

Key Points

Business Overview:[1][2]
DEL is an ISO 9001 certified company in the field of industrial pneumatics and off-highway tyre valves and accessories. It has a full range of rotary actuators with torque capacity 4Nm to 4000Nm. Company manufactures automotive tyre valves and pneumatic products, such as air cylinders, valves, and accessories at its plant at Ranjangaon, Pune

  • Market Cap 190 Cr.
  • Current Price 513
  • High / Low 625 / 371
  • Stock P/E 27.6
  • Book Value 143
  • Dividend Yield 0.20 %
  • ROCE 18.4 %
  • ROE 13.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Working capital days have increased from 71.6 days to 170 days

* 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: Engineering Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
13.37 11.04 13.72 14.06 16.95 16.41 18.58 16.63 18.47 15.64 16.00 15.03 18.43
11.50 9.79 11.62 11.71 13.36 13.64 14.03 13.82 15.52 13.07 13.87 13.42 15.94
Operating Profit 1.87 1.25 2.10 2.35 3.59 2.77 4.55 2.81 2.95 2.57 2.13 1.61 2.49
OPM % 13.99% 11.32% 15.31% 16.71% 21.18% 16.88% 24.49% 16.90% 15.97% 16.43% 13.31% 10.71% 13.51%
0.22 0.08 0.17 0.15 0.21 0.29 0.39 0.44 0.37 0.58 0.49 0.51 0.63
Interest 0.04 0.05 0.05 0.10 0.03 0.02 0.03 0.04 0.08 0.03 0.04 0.02 0.01
Depreciation 0.29 0.30 0.29 0.30 0.31 0.32 0.36 0.39 0.40 0.41 0.42 0.43 0.42
Profit before tax 1.76 0.98 1.93 2.10 3.46 2.72 4.55 2.82 2.84 2.71 2.16 1.67 2.69
Tax % -240.91% 21.43% 26.42% 29.05% 26.30% 25.37% 26.81% 15.60% 23.24% 25.46% 25.93% 25.15% 25.65%
5.99 0.77 1.42 1.49 2.56 2.02 3.33 2.38 2.18 2.02 1.61 1.25 2.00
EPS in Rs 16.21 2.08 3.84 4.03 6.93 5.47 9.01 6.44 5.90 5.47 4.36 3.38 5.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
61.94 69.13 64.15 36.47 34.21 40.72 44.46 43.38 41.48 55.77 70.10 65.10
62.78 68.22 67.25 39.76 37.00 37.37 38.88 37.52 36.97 46.52 56.97 56.29
Operating Profit -0.84 0.91 -3.10 -3.29 -2.79 3.35 5.58 5.86 4.51 9.25 13.13 8.81
OPM % -1.36% 1.32% -4.83% -9.02% -8.16% 8.23% 12.55% 13.51% 10.87% 16.59% 18.73% 13.53%
3.97 4.12 0.81 0.49 0.88 0.19 -0.07 -0.75 0.52 0.58 1.43 2.21
Interest 2.90 2.51 2.29 1.96 2.17 1.56 0.74 0.41 0.20 0.17 0.16 0.10
Depreciation 2.44 2.51 3.30 1.32 1.79 1.83 1.67 1.39 1.08 1.19 1.47 1.68
Profit before tax -2.21 0.01 -7.88 -6.08 -5.87 0.15 3.10 3.31 3.75 8.47 12.93 9.24
Tax % 122.62% -900.00% 23.22% -14.14% 0.00% 0.00% 10.32% 1.21% -113.07% 26.33% 23.43% 25.54%
0.51 0.10 -6.05 -6.93 -5.88 0.15 2.78 3.26 7.99 6.24 9.90 6.87
EPS in Rs 1.38 0.27 -16.37 -18.75 -15.91 0.41 7.52 8.82 21.62 16.88 26.79 18.59
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.74% 18.85%
Compounded Sales Growth
10 Years: -1%
5 Years: 8%
3 Years: 16%
TTM: -7%
Compounded Profit Growth
10 Years: 17%
5 Years: 15%
3 Years: -5%
TTM: -30%
Stock Price CAGR
10 Years: 21%
5 Years: 37%
3 Years: 48%
1 Year: 5%
Return on Equity
10 Years: 7%
5 Years: 21%
3 Years: 18%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3.70 3.70 3.70 3.70 3.70 3.70 3.70 3.70 3.70 3.70 3.70 3.70
Reserves 31.40 31.49 25.44 18.52 12.66 12.78 15.49 18.67 26.69 32.97 42.71 49.22
17.79 16.27 18.38 18.59 14.62 9.30 6.73 0.70 0.25 1.19 1.48 0.87
15.72 11.95 17.30 13.26 9.54 9.92 8.91 9.58 11.44 13.22 15.26 14.70
Total Liabilities 68.61 63.41 64.82 54.07 40.52 35.70 34.83 32.65 42.08 51.08 63.15 68.49
30.04 28.64 27.15 23.92 20.84 19.43 16.49 15.75 15.56 15.83 16.67 16.55
CWIP 0.13 0.02 0.22 0.06 0.17 0.00 0.05 0.00 0.00 0.00 0.00 0.00
Investments 0.15 0.15 0.01 0.01 0.03 0.00 0.00 0.00 1.00 8.95 23.19 23.02
38.29 34.60 37.44 30.08 19.48 16.27 18.29 16.90 25.52 26.30 23.29 28.92
Total Assets 68.61 63.41 64.82 54.07 40.52 35.70 34.83 32.65 42.08 51.08 63.15 68.49

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-13.68 0.95 0.43 1.61 4.33 6.87 4.79 7.37 6.17 9.25 13.79 2.77
22.90 4.26 -1.86 -1.51 1.84 -0.21 0.49 -2.90 -5.03 -8.77 -15.13 -0.73
-9.22 -4.06 -0.24 0.05 -6.15 -6.88 -3.27 -6.44 -0.65 0.27 0.13 -1.08
Net Cash Flow 0.00 1.15 -1.67 0.15 0.02 -0.22 2.00 -1.97 0.49 0.75 -1.21 0.95

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 100.41 92.50 91.61 129.11 80.77 48.67 45.24 39.29 51.12 37.89 31.03 43.45
Inventory Days 123.55 88.82 127.71 179.91 145.66 143.67 110.18 133.40 117.60 114.68 103.75 124.09
Days Payable 99.13 72.61 116.38 145.41 98.86 110.84 66.14 81.43 94.66 81.97 71.96 66.99
Cash Conversion Cycle 124.84 108.71 102.94 163.61 127.56 81.50 89.28 91.27 74.07 70.61 62.83 100.55
Working Capital Days 106.90 90.76 94.45 161.33 104.99 59.16 61.90 46.19 34.49 26.44 18.07 170.17
ROCE % -3.90% -0.06% -11.36% -9.33% -10.36% 5.88% 17.72% 22.29% 14.52% 25.26% 30.11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.56% 74.56% 74.56% 74.56% 74.56% 74.56% 74.56% 74.56% 74.56% 74.56% 74.56% 74.56%
0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
25.38% 25.38% 25.38% 25.38% 25.38% 25.38% 25.38% 25.37% 25.39% 25.38% 25.37% 25.39%
No. of Shareholders 2,9113,0763,1073,7693,6453,5233,4553,3623,4943,7573,9323,996

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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