Incap Ltd

Incap Ltd

₹ 57.3 4.99%
23 Feb - close price
About

Incorporated in 1993, Incap Limited manufactures aluminum electrolytic capacitors and insulators and also provides Solar solutions.

Key Points

Product Portfolio:[1]
a) Electrolytic capacitors:[2] Radial, Snap in, SMD
b) Transmission Line Item Materials: Composite Long rod Insulators, Glass Disc Insulators, Hardware Materials, Conductor Accessories, Spacer Dampers, OPGW
c) Solar Services:[3] PV Modules, Lighting Systems, Power Packs, EPC Solution, Operations & Maintenance, Rooftop

  • Market Cap 29.4 Cr.
  • Current Price 57.3
  • High / Low 61.4 / 32.5
  • Stock P/E 35.8
  • Book Value 32.2
  • Dividend Yield 1.75 %
  • ROCE 5.91 %
  • ROE 3.84 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 76.8%

Cons

  • The company has delivered a poor sales growth of -5.79% over past five years.
  • Company has a low return on equity of 3.83% over last 3 years.
  • Earnings include an other income of Rs.0.96 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
5.00 6.53 4.40 4.98 6.96 6.82 5.99 5.58 3.73 5.76 4.88 6.62 3.91
4.75 6.84 4.18 4.45 6.59 7.35 5.74 5.17 3.39 6.32 4.66 6.13 3.58
Operating Profit 0.25 -0.31 0.22 0.53 0.37 -0.53 0.25 0.41 0.34 -0.56 0.22 0.49 0.33
OPM % 5.00% -4.75% 5.00% 10.64% 5.32% -7.77% 4.17% 7.35% 9.12% -9.72% 4.51% 7.40% 8.44%
0.07 0.68 0.02 0.02 0.03 1.11 0.10 0.03 0.02 0.88 0.06 0.04 -0.02
Interest 0.04 0.04 0.03 0.05 0.04 0.05 0.04 0.05 0.05 0.05 0.05 0.06 0.13
Depreciation 0.12 0.12 0.11 0.11 0.11 0.11 0.10 0.10 0.10 0.10 0.08 0.08 0.08
Profit before tax 0.16 0.21 0.10 0.39 0.25 0.42 0.21 0.29 0.21 0.17 0.15 0.39 0.10
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 85.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.16 0.21 0.10 0.39 0.25 0.07 0.21 0.29 0.22 0.18 0.15 0.39 0.10
EPS in Rs 0.31 0.41 0.19 0.76 0.49 0.14 0.41 0.56 0.43 0.35 0.29 0.76 0.19
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
17.60 35.18 40.15 46.00 30.06 28.57 28.37 20.58 38.33 20.91 23.16 21.06 21.17
16.12 32.14 36.63 42.95 26.81 24.66 25.01 19.42 37.61 20.80 22.54 20.59 20.69
Operating Profit 1.48 3.04 3.52 3.05 3.25 3.91 3.36 1.16 0.72 0.11 0.62 0.47 0.48
OPM % 8.41% 8.64% 8.77% 6.63% 10.81% 13.69% 11.84% 5.64% 1.88% 0.53% 2.68% 2.23% 2.27%
0.80 0.15 0.44 1.19 0.35 0.38 1.05 1.05 0.89 1.22 1.18 1.02 0.96
Interest 1.14 1.26 0.75 0.60 0.71 0.44 0.15 0.39 0.56 0.18 0.20 0.21 0.29
Depreciation 0.92 0.91 0.91 0.56 0.38 0.30 0.37 0.45 0.46 0.47 0.44 0.39 0.34
Profit before tax 0.22 1.02 2.30 3.08 2.51 3.55 3.89 1.37 0.59 0.68 1.16 0.89 0.81
Tax % 27.27% 37.25% 33.48% 36.04% 38.65% 33.52% 26.74% 29.20% 27.12% 13.24% 31.03% 25.84%
0.15 0.64 1.53 1.98 1.53 2.36 2.85 0.97 0.44 0.58 0.80 0.66 0.82
EPS in Rs 0.32 1.25 2.98 3.86 2.98 4.60 5.55 1.89 0.86 1.13 1.56 1.29 1.59
Dividend Payout % 0.00% 0.00% 33.53% 25.91% 33.53% 21.74% 18.00% 52.89% 0.00% 88.45% 64.12% 77.73%
Compounded Sales Growth
10 Years: -5%
5 Years: -6%
3 Years: -18%
TTM: -4%
Compounded Profit Growth
10 Years: 0%
5 Years: -27%
3 Years: 12%
TTM: 4%
Stock Price CAGR
10 Years: 14%
5 Years: 7%
3 Years: 41%
1 Year: 49%
Return on Equity
10 Years: 10%
5 Years: 4%
3 Years: 4%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 5.13 5.13 5.13 5.13 5.13 5.13 5.13 5.13 5.13 5.13 5.13 5.13 5.13
Reserves 1.84 2.47 3.40 4.76 5.68 7.42 9.65 9.98 10.22 10.35 10.69 10.84 11.38
6.44 6.12 1.45 4.66 1.37 0.15 0.41 0.88 0.68 1.83 1.88 1.19 3.97
3.37 9.05 16.91 20.50 8.69 6.52 7.20 8.58 19.37 19.04 11.64 10.93 12.30
Total Liabilities 16.78 22.77 26.89 35.05 20.87 19.22 22.39 24.57 35.40 36.35 29.34 28.09 32.78
4.24 3.40 4.49 5.25 5.49 4.28 4.47 4.95 4.65 4.19 3.49 3.67 3.66
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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.00 2.00 2.00 2.00 2.21 2.21
12.54 19.37 22.40 29.80 15.38 14.94 17.92 17.62 28.75 30.16 23.85 22.21 26.91
Total Assets 16.78 22.77 26.89 35.05 20.87 19.22 22.39 24.57 35.40 36.35 29.34 28.09 32.78

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1.00 1.17 9.64 -2.03 1.71 5.30 3.62 -1.76 10.81 2.84 -3.83 -1.04
0.11 0.05 -1.61 -0.25 -0.32 1.26 0.09 -2.42 0.71 0.86 1.43 0.23
-0.19 -1.44 -5.45 2.03 -4.52 -2.41 -0.50 -0.47 -0.70 0.49 -0.63 -1.38
Net Cash Flow -1.08 -0.22 2.58 -0.25 -3.12 4.16 3.21 -4.65 10.82 4.19 -3.02 -2.19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 80.88 105.10 86.36 102.28 103.09 79.98 80.41 88.32 67.99 129.87 81.01 107.80
Inventory Days 106.10 60.47 102.81 152.58 109.52 71.58 63.81 95.52 53.05 76.45 67.45 60.93
Days Payable 20.09 57.52 36.66 53.10 65.76 105.71 129.56 192.49 640.07 602.23 290.83 275.87
Cash Conversion Cycle 166.90 108.05 152.51 201.76 146.85 45.85 14.66 -8.64 -519.03 -395.92 -142.37 -107.14
Working Capital Days 144.55 99.50 20.91 49.83 82.08 39.09 26.50 1.60 -85.80 -122.02 -43.34 -21.14
ROCE % 10.53% 16.81% 25.74% 30.00% 24.09% 31.27% 28.97% 11.29% 7.18% 4.62% 6.80% 5.91%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
66.32% 66.41% 66.49% 66.50% 66.50% 66.50% 66.53% 66.62% 66.68% 66.73% 66.82% 66.89%
33.68% 33.59% 33.51% 33.50% 33.50% 33.50% 33.47% 33.37% 33.31% 33.27% 33.18% 33.10%
No. of Shareholders 2,3782,4082,5162,5992,6452,6542,7392,7722,7392,7292,9242,939

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