Nirav Commercials Ltd

Nirav Commercials Ltd

₹ 760 -0.93%
21 Feb 4:01 p.m.
About

Incorporated in 1985, Nirav Commercials
Ltd manufactures Aluminum Grills, Doors
& Windows[1]

Key Points

** Formed as a Joint Venture**[1]
Company is in collaboration with M/s Focchi
Spa, an Italian company that undertakes
curtain walling jobs and formed an entity ELESAR FOCCHI.

  • Market Cap 29.6 Cr.
  • Current Price 760
  • High / Low 952 / 400
  • Stock P/E 52.0
  • Book Value 765
  • Dividend Yield 0.00 %
  • ROCE 3.16 %
  • ROE 2.32 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.99 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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.

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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
1.51 2.40 1.62 3.73 1.67 4.14 1.91 2.77 1.98 3.51 3.34 2.91 1.98
1.57 2.34 1.81 3.61 1.83 3.88 1.65 2.61 2.01 3.29 3.08 2.68 2.27
Operating Profit -0.06 0.06 -0.19 0.12 -0.16 0.26 0.26 0.16 -0.03 0.22 0.26 0.23 -0.29
OPM % -3.97% 2.50% -11.73% 3.22% -9.58% 6.28% 13.61% 5.78% -1.52% 6.27% 7.78% 7.90% -14.65%
8.62 0.00 0.23 0.16 0.34 0.00 0.00 0.15 0.19 0.00 0.00 0.31 0.20
Interest 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.03 0.01 0.07 0.01
Depreciation 0.01 0.02 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.02 0.04 0.03
Profit before tax 8.54 0.04 0.03 0.27 0.17 0.23 0.25 0.29 0.15 0.18 0.23 0.43 -0.13
Tax % -0.94% -100.00% 33.33% 18.52% 17.65% -360.87% 24.00% 24.14% 13.33% 27.78% 34.78% -11.63% -46.15%
8.62 0.08 0.02 0.22 0.14 1.06 0.19 0.22 0.13 0.13 0.15 0.48 -0.19
EPS in Rs 219.90 2.04 0.51 5.61 3.57 27.04 4.85 5.61 3.32 3.32 3.83 12.24 -4.85
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
6.95 7.18 7.75 9.11 7.21 11.72 6.08 5.06 3.72 5.26 11.09 9.62 11.74
6.84 7.15 7.58 9.06 7.35 11.28 6.32 5.71 4.92 5.70 11.13 9.56 11.32
Operating Profit 0.11 0.03 0.17 0.05 -0.14 0.44 -0.24 -0.65 -1.20 -0.44 -0.04 0.06 0.42
OPM % 1.58% 0.42% 2.19% 0.55% -1.94% 3.75% -3.95% -12.85% -32.26% -8.37% -0.36% 0.62% 3.58%
0.29 0.30 0.44 0.40 0.41 0.31 8.51 0.86 1.30 9.82 0.80 0.89 0.51
Interest 0.03 0.02 0.04 0.05 0.01 0.17 0.02 0.01 0.01 0.01 0.02 0.04 0.12
Depreciation 0.11 0.09 0.07 0.08 0.06 0.05 0.04 0.05 0.05 0.05 0.05 0.04 0.10
Profit before tax 0.26 0.22 0.50 0.32 0.20 0.53 8.21 0.15 0.04 9.32 0.69 0.87 0.71
Tax % 23.08% 22.73% 26.00% 15.62% 20.00% 26.42% 19.98% 0.00% 0.00% 0.54% -108.70% 22.99%
0.20 0.16 0.37 0.27 0.17 0.40 6.57 0.15 0.04 9.28 1.44 0.67 0.57
EPS in Rs 5.10 4.08 9.44 6.89 4.34 10.20 167.60 3.83 1.02 236.73 36.73 17.09 14.54
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: 3%
5 Years: 10%
3 Years: 37%
TTM: 9%
Compounded Profit Growth
10 Years: 15%
5 Years: -36%
3 Years: 86%
TTM: -64%
Stock Price CAGR
10 Years: 3%
5 Years: 23%
3 Years: 43%
1 Year: 75%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 14%
Last Year: 2%

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 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 9.08 9.25 9.61 9.85 10.01 10.41 16.98 17.13 17.07 26.36 28.13 28.73 29.58
0.25 0.19 0.13 0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.21
0.95 0.72 0.74 0.50 0.64 1.85 1.64 1.54 1.28 0.77 1.31 2.03 2.26
Total Liabilities 10.67 10.55 10.87 10.84 11.14 12.65 19.01 19.06 18.74 27.52 29.83 31.15 34.44
0.65 0.56 0.42 0.35 0.29 0.32 0.42 0.37 0.38 0.37 0.33 0.30 0.55
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 4.17 4.17 4.17 4.17 4.17 4.17 11.99 12.36 3.72 2.03 16.41 19.04 22.85
5.85 5.82 6.28 6.32 6.68 8.16 6.60 6.33 14.64 25.12 13.09 11.81 11.04
Total Assets 10.67 10.55 10.87 10.84 11.14 12.65 19.01 19.06 18.74 27.52 29.83 31.15 34.44

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
0.95 -1.35 -0.31 -0.21 -0.50 -0.08 -0.45 -0.07 -9.74 -11.48 13.56 3.86
0.10 0.11 0.24 0.07 0.09 0.02 0.12 0.13 8.73 10.79 -14.01 -2.79
0.11 0.09 0.13 0.17 0.24 0.15 0.30 0.17 0.95 0.55 0.55 0.40
Net Cash Flow 1.16 -1.15 0.06 0.03 -0.17 0.08 -0.03 0.23 -0.06 -0.14 0.09 1.47

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 58.29 39.14 72.53 44.47 62.77 96.23 79.84 63.48 79.48 99.23 37.19 86.89
Inventory Days 165.03 154.98 163.14 126.45 150.50 104.06 291.59 316.79 375.98 172.17 94.61 158.44
Days Payable 46.09 27.52 17.97 13.28 18.29 49.61 92.03 104.45 30.19 9.84 7.62 5.77
Cash Conversion Cycle 177.24 166.60 217.70 157.64 194.99 150.68 279.40 275.82 425.27 261.56 124.18 239.56
Working Capital Days 172.78 244.52 253.38 220.76 299.19 189.35 285.16 313.06 1,269.65 1,675.81 374.54 556.23
ROCE % 3.01% 2.46% 2.51% 1.66% -0.29% 5.63% 56.94% -1.83% -0.80% 41.35% 2.57%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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% 48.06% 48.06% 48.05% 48.05% 48.06%
No. of Shareholders 1,3991,4031,4321,4311,4371,4061,3851,3761,3601,3441,3191,337

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