Gujarat Credit Corporation Ltd

Gujarat Credit Corporation Ltd

₹ 20.5 -4.65%
19 Apr - close price
About

Incorporated in 1993, Gujarat Credit Corporation Ltd is in real estate development with a portfolio of commercial and residential projects in Gujarat.

Key Points

Services Offered:[1]
a) Commercial real estate projects
b) Corporate real estate projects
c) Residential real estate projects
d) Information Technology Parks
e) Special Economic Zones
f) Townships

  • Market Cap 51.3 Cr.
  • Current Price 20.5
  • High / Low 37.4 / 18.2
  • Stock P/E 42.4
  • Book Value 5.60
  • Dividend Yield 0.00 %
  • ROCE 0.09 %
  • ROE 0.21 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.66 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 31.6%
  • Company has a low return on equity of 3.38% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.06 0.10 0.07 0.04 0.06 0.06 0.07 0.06 0.07 0.02 0.08 0.04 0.04
Operating Profit -0.06 -0.10 -0.07 -0.04 -0.06 -0.06 -0.07 -0.06 -0.07 -0.02 -0.08 -0.04 -0.04
OPM %
0.26 -0.01 0.09 0.05 0.08 0.08 0.00 0.10 0.00 0.16 0.10 0.06 0.00
Interest 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
Depreciation 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
Profit before tax 0.20 -0.11 0.02 0.01 0.02 0.02 -0.07 0.04 -0.07 0.14 0.02 0.02 -0.04
Tax % 0.00% -27.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 21.43% 0.00% 50.00% 0.00%
0.18 -0.20 -0.19 -0.05 -0.01 -0.01 -0.85 -0.26 -0.14 1.27 0.06 -0.04 -0.08
EPS in Rs 0.07 -0.08 -0.08 -0.02 -0.00 -0.00 -0.34 -0.10 -0.06 0.51 0.02 -0.02 -0.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 0.13 0.13 0.00 0.00 0.00 0.00 0.00
0.24 0.13 0.22 0.22 0.26 0.18 0.21 0.18
Operating Profit -0.24 0.00 -0.09 -0.22 -0.26 -0.18 -0.21 -0.18
OPM % 0.00% -69.23%
0.29 0.08 0.49 0.28 0.36 0.25 0.25 0.32
Interest 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.00
Profit before tax 0.02 0.07 0.39 0.05 0.09 0.06 0.03 0.14
Tax % 50.00% 0.00% 20.51% 0.00% 33.33% 33.33% 100.00%
0.15 0.15 0.20 0.09 -0.20 1.50 0.03 1.21
EPS in Rs 0.06 0.06 0.08 0.04 -0.08 0.60 0.01 0.48
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: -27%
3 Years: -31%
TTM: 196%
Stock Price CAGR
10 Years: -1%
5 Years: 15%
3 Years: 71%
1 Year: -15%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10.08 10.08 10.08 10.08 10.08 8.50 8.50 8.50
Reserves 2.22 2.43 2.46 2.53 2.36 5.46 5.48 5.51
17.79 17.82 17.45 17.50 17.47 17.44 18.61 18.76
0.04 0.04 0.12 0.07 0.06 0.10 0.12 0.06
Total Liabilities 30.13 30.37 30.11 30.18 29.97 31.50 32.71 32.83
26.69 26.94 27.02 27.05 27.08 27.11 28.01 28.36
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 3.05 3.21 2.83 2.86 2.62 4.15 4.16 4.17
0.39 0.22 0.26 0.27 0.27 0.24 0.54 0.30
Total Assets 30.13 30.37 30.11 30.18 29.97 31.50 32.71 32.83

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
19.67 0.38 0.25 0.03 -0.17 0.13 -0.13
-20.12 -0.44 0.12 -0.08 0.20 -0.09 -1.03
0.44 0.03 -0.37 0.04 -0.03 -0.03 1.18
Net Cash Flow 0.00 -0.03 0.00 0.00 0.00 0.01 0.01

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0.00 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00
Working Capital Days -112.31 -224.62
ROCE % 0.20% 1.29% 0.17% 0.33% 0.23% 0.09%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
31.61% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61%
68.39% 68.39% 68.39% 68.39% 68.39% 68.39% 68.39% 68.39% 68.39% 68.39% 68.39% 68.40%
No. of Shareholders 8,6668,5938,6669,2429,2449,1529,1499,1499,1498,9478,9428,905

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