Alfa Transformers Ltd

Alfa Transformers Ltd

₹ 99.2 -1.98%
21 May - close price
About

Incorporated in 1982, Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work.

Key Points

Product Profile:[1]
a) Single Phase: wound core type transformers
b) Three Phase: Distributional transformers
c) Power Transformers: up to 15 MVA, 36 KV
d) Stabilized output transformers
e) Low Loss energy-efficient transformers
f) Transformers for Induction Furnace Duty
g) Transformers for ARC and submerged arc furnace duty.
h) Step Lap CRGO Lamination
i) Amorphous Metal Alloy Core Laminations.[2]

  • Market Cap 90.8 Cr.
  • Current Price 99.2
  • High / Low 126 / 28.5
  • Stock P/E
  • Book Value 43.0
  • Dividend Yield 0.00 %
  • ROCE 0.58 %
  • ROE -4.13 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 98.6 to 69.9 days.
  • Company's working capital requirements have reduced from 101 days to 62.8 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.67%
  • Company has a low return on equity of -7.35% over last 3 years.
  • Earnings include an other income of Rs.0.41 Cr.
  • Company's cost of borrowing seems high

* 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
30.10 19.27 20.58 19.24 21.48 26.21 26.33 26.81 25.46 46.09 64.41
26.21 17.87 18.55 17.91 21.84 26.07 24.32 24.60 25.40 45.91 63.22
Operating Profit 3.89 1.40 2.03 1.33 -0.36 0.14 2.01 2.21 0.06 0.18 1.19
OPM % 12.92% 7.27% 9.86% 6.91% -1.68% 0.53% 7.63% 8.24% 0.24% 0.39% 1.85%
4.01 2.38 0.25 0.18 0.15 2.79 0.16 0.23 0.27 0.17 0.41
Interest 2.11 1.85 2.07 2.71 2.43 1.97 1.64 1.65 1.97 1.97 1.82
Depreciation 0.56 0.78 0.83 0.90 0.92 0.84 1.53 1.35 1.19 1.15 1.22
Profit before tax 5.23 1.15 -0.62 -2.10 -3.56 0.12 -1.00 -0.56 -2.83 -2.77 -1.44
Tax % 33.08% 35.65% 30.65% -9.05% -0.28% 41.67% 0.00% 3.57% 0.00% -0.36% 2.08%
3.50 0.74 -0.43 -2.29 -3.56 0.07 -1.00 -0.55 -2.83 -2.78 -1.41
EPS in Rs 6.53 1.38 -0.80 -4.27 -6.64 0.13 -1.87 -1.03 -4.49 -3.76 -1.54
Dividend Payout % 15.31% 72.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 8%
5 Years: 20%
3 Years: 34%
TTM: 40%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: %
TTM: 45%
Stock Price CAGR
10 Years: 21%
5 Years: 36%
3 Years: 95%
1 Year: 209%
Return on Equity
10 Years: -7%
5 Years: -7%
3 Years: -7%
Last Year: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity Capital 5.36 5.36 5.36 5.36 5.36 5.36 5.36 5.36 6.31 7.40 9.15
Reserves 18.78 18.70 18.15 15.75 12.08 11.95 10.84 10.30 28.66 27.24 30.24
14.94 16.88 14.80 16.50 10.67 7.53 6.62 9.28 9.46 7.84 7.36
3.86 7.57 7.36 6.85 8.97 7.30 9.39 6.96 7.49 23.36 15.12
Total Liabilities 42.94 48.51 45.67 44.46 37.08 32.14 32.21 31.90 51.92 65.84 61.87
17.30 18.00 18.37 18.45 17.58 16.33 14.44 13.20 31.75 31.00 30.42
CWIP 0.19 0.59 1.21 0.22 0.08 0.06 0.00 0.00 0.02 0.03 0.03
Investments 1.40 1.35 0.88 0.51 0.51 0.01 0.01 0.01 0.01 0.01 0.01
24.05 28.57 25.21 25.28 18.91 15.74 17.76 18.69 20.14 34.80 31.41
Total Assets 42.94 48.51 45.67 44.46 37.08 32.14 32.21 31.90 51.92 65.84 61.87

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
2.24 1.23 5.55 2.25 6.48 3.36 1.98 -0.96 -2.34 -1.52 -2.32
-3.89 -0.82 -0.80 0.44 0.49 3.05 0.59 -0.09 0.04 -0.70 -3.89
1.69 -0.52 -4.75 -2.68 -6.90 -6.47 -2.57 1.01 2.34 2.19 6.18
Net Cash Flow 0.04 -0.11 0.00 0.01 0.07 -0.06 0.01 -0.04 0.04 -0.03 -0.03

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 84.40 218.58 138.69 161.06 124.22 61.41 78.60 69.57 85.01 140.80 69.93
Inventory Days 215.41 363.21 330.24 350.13 177.86 146.89 167.54 192.25 188.44 120.26 75.32
Days Payable 27.15 136.58 120.60 116.71 136.99 88.51 130.75 84.67 89.09 196.10 83.00
Cash Conversion Cycle 272.66 445.22 348.33 394.48 165.09 119.80 115.39 177.16 184.36 64.97 62.25
Working Capital Days 223.61 383.56 272.60 277.16 159.39 101.52 98.70 136.82 162.14 77.53 62.79
ROCE % 7.15% 3.48% 1.55% -3.47% -0.64% 2.64% 4.56% -2.48% -1.84% 0.58%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.96% 46.96% 46.96% 46.96% 46.96% 46.97% 46.99% 47.24% 47.60% 47.49% 47.49% 46.82%
53.04% 53.04% 53.04% 53.04% 53.04% 53.02% 53.00% 52.76% 52.39% 52.50% 52.51% 53.19%
No. of Shareholders 2,7792,9283,2053,3993,3823,3503,2683,3883,5525,3206,8767,601

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