Cranex Ltd

₹ 131 -1.13%

11 Dec 4:00 p.m.

cranexltd.com BSE: 522001

About

Incorporated in 1973, Cranex Ltd manufactures and sells cranes & its parts and provides maintenance services^[1]

Key Points

Business Overview:^[1]
Company is a manufacturer of EOT Cranes and Gantry Cranes, and provides after sales service and reconditioning services

Website BSE

Market Cap ₹ 78.7 Cr.
Current Price ₹ 131
High / Low ₹ 190 / 47.0
Stock P/E 41.8
Book Value ₹ 19.9
Dividend Yield 0.00 %
ROCE 10.1 %
ROE 14.8 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 6.59 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 10.2% over last 3 years.
Company might be capitalizing the interest cost
Company has high debtors of 159 days.

* 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: Capital Goods-Non Electrical Equipment Industry: Engineering

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	6.14	5.53	19.58	8.30	7.44	9.48	16.15	8.95	14.85	17.10	21.22	8.91	13.23
	5.60	5.21	18.17	7.87	6.93	9.14	15.17	8.73	13.79	16.68	20.00	8.15	12.25
Operating Profit	0.54	0.32	1.41	0.43	0.51	0.34	0.98	0.22	1.06	0.42	1.22	0.76	0.98
OPM %	8.79%	5.79%	7.20%	5.18%	6.85%	3.59%	6.07%	2.46%	7.14%	2.46%	5.75%	8.53%	7.41%
	0.04	0.07	-0.36	0.02	0.11	0.20	0.14	0.36	0.12	0.18	0.36	0.12	0.17
Interest	0.24	0.20	0.17	0.25	0.32	0.34	0.25	0.30	0.39	0.40	0.36	0.53	0.39
Depreciation	0.06	0.06	0.33	0.06	0.09	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Profit before tax	0.28	0.13	0.55	0.14	0.21	0.12	0.79	0.20	0.71	0.12	1.14	0.27	0.68
Tax %	10.71%	23.08%	10.91%	21.43%	42.86%	41.67%	58.23%	25.00%	43.66%	25.00%	22.81%	22.22%	-2.94%
	0.25	0.10	0.48	0.11	0.11	0.07	0.33	0.15	0.40	0.10	0.88	0.20	0.70
EPS in Rs	0.42	0.17	0.80	0.18	0.18	0.12	0.55	0.25	0.67	0.17	1.47	0.33	1.17
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	20.21	14.12	19.92	21.35	22.76	25.94	31.12	35.53	35.66	40.14	41.38	62.11	60.46
	19.33	13.29	19.17	20.14	21.79	25.07	29.63	33.95	33.80	37.98	39.12	59.19	57.08
Operating Profit	0.88	0.83	0.75	1.21	0.97	0.87	1.49	1.58	1.86	2.16	2.26	2.92	3.38
OPM %	4.35%	5.88%	3.77%	5.67%	4.26%	3.35%	4.79%	4.45%	5.22%	5.38%	5.46%	4.70%	5.59%
	0.13	0.17	0.32	0.32	0.36	0.78	0.44	0.55	0.23	0.28	0.47	1.01	0.83
Interest	0.21	0.32	0.34	0.61	0.65	0.73	0.88	1.02	0.99	1.22	1.16	1.45	1.68
Depreciation	0.19	0.18	0.13	0.15	0.05	0.14	0.22	0.23	0.24	0.29	0.31	0.31	0.32
Profit before tax	0.61	0.50	0.60	0.77	0.63	0.78	0.83	0.88	0.86	0.93	1.26	2.17	2.21
Tax %	31.15%	34.00%	30.00%	25.97%	20.63%	23.08%	20.48%	18.18%	13.95%	16.13%	50.79%	29.95%
	0.42	0.33	0.42	0.57	0.50	0.61	0.66	0.72	0.74	0.78	0.62	1.52	1.88
EPS in Rs	0.70	0.55	0.70	0.95	0.83	1.02	1.10	1.20	1.23	1.30	1.03	2.53	3.14
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:	16%
5 Years:	15%
3 Years:	20%
TTM:	22%

Compounded Profit Growth
10 Years:	17%
5 Years:	18%
3 Years:	28%
TTM:	98%

Stock Price CAGR
10 Years:	40%
5 Years:	65%
3 Years:	96%
1 Year:	130%

Return on Equity
10 Years:	10%
5 Years:	10%
3 Years:	10%
Last Year:	15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00
Reserves	-1.99	-1.66	-1.24	-0.67	-0.17	0.45	1.11	1.83	2.57	3.35	3.50	5.02	5.93
	8.79	9.20	9.39	14.93	13.99	15.82	19.48	21.24	19.89	22.78	24.10	27.07	29.15
	11.01	9.57	14.29	16.14	16.02	13.34	13.20	14.23	20.96	12.06	18.89	17.37	15.22
Total Liabilities	23.81	23.11	28.44	36.40	35.84	35.61	39.79	43.30	49.42	44.19	52.49	55.46	56.30
	1.24	1.21	1.27	2.46	2.67	2.92	4.10	4.49	5.46	6.05	5.79	6.00	5.84
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	0.13	0.00	0.00	0.00	0.00	1.82	1.82	1.82	1.82	1.82	2.14	2.14	2.14
	22.44	21.90	27.17	33.94	33.17	30.87	33.87	36.99	42.14	36.32	44.56	47.32	48.32
Total Assets	23.81	23.11	28.44	36.40	35.84	35.61	39.79	43.30	49.42	44.19	52.49	55.46	56.30

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1.10	0.28	-1.06	-3.79	1.42	0.43	-1.64	-1.00	2.84	-0.94	0.69	-1.12
	-0.14	-0.02	-0.20	-1.34	0.09	-1.87	-1.05	-0.21	-0.99	-0.62	-0.99	-0.42
	-0.95	0.22	-0.04	5.16	-1.41	1.32	2.66	1.19	-1.83	1.66	0.16	1.52
Net Cash Flow	-2.19	0.48	-1.29	0.03	0.09	-0.12	-0.03	-0.01	0.01	0.10	-0.13	-0.02

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	292.04	327.00	295.55	331.32	328.76	208.11	195.17	209.67	203.59	144.49	185.50	158.96
Inventory Days	28.01	216.10	181.00	186.94	129.01	154.69	135.63	136.23	236.04	180.55	228.57	95.23
Days Payable	220.87	320.33	296.25	280.41	243.33	130.97	173.52	190.06	301.17	149.01	196.06	109.79
Cash Conversion Cycle	99.18	222.77	180.30	237.85	214.44	231.83	157.27	155.84	138.46	176.03	218.01	144.40
Working Capital Days	137.62	267.03	188.91	209.77	249.86	204.45	164.55	187.59	181.89	169.86	187.97	148.21
ROCE %	6.31%	6.23%	6.79%	8.02%	6.39%	7.18%	7.00%	6.83%	6.40%	7.10%	7.36%	10.10%

Shareholding Pattern

Numbers in percentages

4 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	42.92%	42.92%	42.92%	42.92%	42.92%	42.92%	42.92%	42.92%	42.92%	42.92%	42.92%	42.92%
	0.73%	0.37%	0.37%	0.37%	0.37%	0.37%	0.37%	0.37%	0.37%	0.37%	0.37%	0.37%
	56.35%	56.71%	56.71%	56.71%	56.70%	56.71%	56.70%	56.71%	56.70%	56.70%	56.70%	56.71%
No. of Shareholders	3,075	3,203	3,238	3,363	3,586	3,559	3,569	3,934	3,962	4,007	4,497	4,623

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	41.97%	41.94%	38.00%	42.92%	42.92%	42.92%	42.92%	42.92%	42.92%
	0.73%	0.73%	0.73%	0.73%	0.73%	0.37%	0.37%	0.37%	0.37%
	57.30%	57.33%	61.27%	56.35%	56.35%	56.71%	56.71%	56.70%	56.71%
No. of Shareholders	3,375	3,170	3,150	3,139	3,064	3,203	3,559	4,007	4,623

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Cranex Ltd

Cranex Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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