Nirav Commercials Ltd

About [ edit ]

Nirav Commercials Limited is primarily engaged in the manufacturing of aluminum products.

  • Market Cap 11.3 Cr.
  • Current Price 290
  • High / Low 375 / 125
  • Stock P/E 1.23
  • Book Value 460
  • Dividend Yield 0.00 %
  • ROCE 0.23 %
  • ROE 0.17 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.63 times its book value
  • Market value of investments Rs.22.41 Cr. is more than the Market Cap Rs.11.29 Cr.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -16.40% over past five years.
  • Company has a low return on equity of 12.46% for last 3 years.
  • Contingent liabilities of Rs.3.45 Cr.
  • Earnings include an other income of Rs.9.73 Cr.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
5.51 1.47 1.10 1.42 1.13 1.47 0.77 0.84 1.30 0.94 0.50 1.51
1.74 1.52 1.30 1.48 1.40 1.36 1.08 1.20 1.27 0.99 0.81 1.58
Operating Profit 3.77 -0.05 -0.20 -0.06 -0.27 0.11 -0.31 -0.36 0.03 -0.05 -0.31 -0.07
OPM % 68.42% -3.40% -18.18% -4.23% -23.89% 7.48% -40.26% -42.86% 2.31% -5.32% -62.00% -4.64%
Other Income 0.00 0.00 0.13 0.37 0.30 0.00 0.29 0.34 0.00 0.24 0.87 8.62
Interest 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.00 0.01
Profit before tax 3.75 -0.07 -0.09 0.30 0.02 0.10 -0.03 -0.03 0.01 0.18 0.56 8.54
Tax % 22.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 27.78% 21.43% -0.94%
Net Profit 2.91 -0.07 -0.09 0.30 0.02 0.10 -0.03 -0.03 0.01 0.13 0.44 8.62
EPS in Rs 74.23 -1.79 -2.30 7.65 0.51 2.55 -0.77 -0.77 0.26 3.32 11.22 219.90

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
14.30 6.69 5.21 6.95 7.18 7.75 9.11 7.21 11.72 6.08 5.06 3.72 4.25
13.60 6.70 5.05 6.84 7.15 7.58 9.06 7.35 11.28 6.32 5.71 4.93 4.65
Operating Profit 0.70 -0.01 0.16 0.11 0.03 0.17 0.05 -0.14 0.44 -0.24 -0.65 -1.21 -0.40
OPM % 4.90% -0.15% 3.07% 1.58% 0.42% 2.19% 0.55% -1.94% 3.75% -3.95% -12.85% -32.53% -9.41%
Other Income 0.90 0.62 0.26 0.29 0.30 0.44 0.40 0.41 0.31 8.51 0.86 1.30 9.73
Interest 0.00 0.00 0.00 0.03 0.02 0.04 0.05 0.01 0.17 0.02 0.01 0.01 0.00
Depreciation 0.15 0.17 0.14 0.11 0.09 0.07 0.08 0.06 0.05 0.04 0.05 0.05 0.04
Profit before tax 1.45 0.44 0.28 0.26 0.22 0.50 0.32 0.20 0.53 8.21 0.15 0.03 9.29
Tax % 35.86% 25.00% 28.57% 23.08% 22.73% 26.00% 15.62% 20.00% 26.42% 19.98% 0.00% 0.00%
Net Profit 0.93 0.33 0.20 0.20 0.16 0.37 0.27 0.17 0.40 6.57 0.15 0.03 9.20
EPS in Rs 23.72 8.42 5.10 5.10 4.08 9.44 6.89 4.34 10.20 167.60 3.83 0.77 234.70
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:-16%
3 Years:-32%
TTM:1%
Compounded Profit Growth
10 Years:-21%
5 Years:-24%
3 Years:-55%
TTM:15233%
Stock Price CAGR
10 Years:-1%
5 Years:23%
3 Years:-3%
1 Year:14%
Return on Equity
10 Years:6%
5 Years:9%
3 Years:12%
Last Year:0%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39
Reserves 8.35 8.68 8.88 9.08 9.25 9.61 9.85 10.01 10.41 16.98 17.13 17.07 17.64
Borrowings 0.30 0.25 0.28 0.25 0.19 0.13 0.10 0.10 0.00 0.00 0.00 0.00 0.00
1.74 1.06 0.71 0.95 0.72 0.74 0.50 0.64 1.85 1.64 1.54 1.16 1.29
Total Liabilities 10.78 10.38 10.26 10.67 10.55 10.87 10.84 11.14 12.65 19.01 19.06 18.62 19.32
1.03 0.88 0.75 0.65 0.56 0.42 0.35 0.29 0.32 0.42 0.37 0.38 0.35
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 3.46 3.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 11.99 12.36 3.71 3.08
6.29 6.33 5.34 5.85 5.82 6.28 6.32 6.68 8.16 6.60 6.33 14.53 15.89
Total Assets 10.78 10.38 10.26 10.67 10.55 10.87 10.84 11.14 12.65 19.01 19.06 18.62 19.32

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2.38 -0.70 0.77 0.95 -1.35 -0.31 -0.21 -0.50 -0.08 -0.45 -0.07 -9.74
-0.34 0.32 -0.88 0.10 0.11 0.24 0.07 0.09 0.02 0.12 0.13 8.73
-2.31 0.16 0.08 0.11 0.09 0.13 0.17 0.24 0.15 0.30 0.17 0.95
Net Cash Flow -0.27 -0.22 -0.03 1.16 -1.15 0.06 0.03 -0.17 0.08 -0.03 0.23 -0.06

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 14.91% 4.79% 2.97% 3.01% 2.46% 2.51% 1.66% -0.29% 5.63% 56.94% -1.83% 0.23%
Debtor Days 30.12 50.19 60.25 58.29 39.14 72.53 44.47 62.77 96.23 79.84 63.48 79.48
Inventory Turnover 5.66 3.49 2.18 2.47 2.34 2.38 2.94 2.34 3.88 1.33 1.17 0.97

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
51.95 51.95 51.95 51.95 51.95 51.95 51.95 51.95 51.95 51.95 51.95 51.95
48.05 48.05 48.05 48.05 48.05 48.05 48.05 48.05 48.05 48.05 48.05 48.05

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