Taneja Aerospace & Aviation Ltd

Taneja Aerospace Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Taneja Aerospace & Aviation Ltd

₹ 423 -2.44%
13 May - close price
taal.co.in BSE: 522229
About

Taneja Aerospace & Aviation Ltd is engaged in the business of manufacture and sale of various parts and components to aviation industry, providing services related to Airfield & MRO and allied services.[1] It is a part of Pune based Indian Seamless group and was established in 1994.[2]

Key Points

Service Offering
Aircraft Manufacturing
TAAL was established in 1994 as the first private sector company in the country to manufacture general aviation i.e. non-military aircraft. [1]
Aviation Infrastructure
It has entered into an Aviation Infrastructure - Airfield & MRO facility agreement with Air Works India (Engg) for the establishment of commercial Aircraft Maintenance and Operating Aviation Infrastructure - Airfield & MRO Division services at Co's private airfield. [1]

Website BSE
  • Market Cap ₹ 1,079 Cr.
  • Current Price ₹ 423
  • High / Low ₹ 520 / 126
  • Stock P/E 93.9
  • Book Value ₹ 44.0
  • Dividend Yield 0.95 %
  • ROCE 15.4 %
  • ROE 10.3 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 137% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 37.9%
  • Promoter holding has increased by 1.07% over last quarter.
  • Company's working capital requirements have reduced from 56.5 days to 23.8 days

Cons

  • Stock is trading at 9.62 times its book value
  • The company has delivered a poor sales growth of 0.22% over past five years.
  • Company has a low return on equity of 8.22% over last 3 years.

* 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: Aerospace & Defence Industry: Miscellaneous

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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
7.73 9.61 5.98 7.98 9.50 7.73 6.17 6.59 9.18 9.93 7.57 7.15 7.45
4.03 5.21 2.77 3.54 4.73 3.94 2.15 2.10 4.04 4.90 2.06 2.25 3.14
Operating Profit 3.70 4.40 3.21 4.44 4.77 3.79 4.02 4.49 5.14 5.03 5.51 4.90 4.31
OPM % 47.87% 45.79% 53.68% 55.64% 50.21% 49.03% 65.15% 68.13% 55.99% 50.65% 72.79% 68.53% 57.85%
0.08 0.19 0.24 0.19 -3.71 -0.69 -0.24 0.71 0.27 0.18 0.16 0.05 0.05
Interest 0.55 0.51 0.32 0.18 0.25 0.19 0.21 0.18 0.15 0.13 0.15 0.11 0.11
Depreciation 0.68 2.05 0.80 0.80 0.81 0.82 0.66 0.67 0.77 0.86 0.88 0.93 0.95
Profit before tax 2.55 2.03 2.33 3.65 0.00 2.09 2.91 4.35 4.49 4.22 4.64 3.91 3.30
Tax % 20.39% 49.75% 14.59% 16.44% 70.81% 36.77% 23.91% 34.08% 31.52% 25.86% 31.46% 24.24%
2.02 1.02 1.99 3.05 -0.17 0.60 1.83 3.31 2.97 2.88 3.44 2.67 2.50
EPS in Rs 0.81 0.41 0.80 1.22 -0.07 0.24 0.73 1.33 1.19 1.16 1.38 1.07 1.00
Raw PDF
Upcoming result date: 17 May 2024

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
50 54 53 29 60 37 32 33 32 35 31 32 32
40 46 47 32 57 29 24 19 19 20 15 13 12
Operating Profit 10 8 6 -3 3 8 7 14 14 15 16 19 20
OPM % 21% 15% 12% -10% 5% 21% 23% 42% 42% 42% 52% 59% 62%
2 1 1 3 2 2 1 1 0 0 -4 1 0
Interest 5 5 5 7 6 6 5 5 4 3 1 1 0
Depreciation 3 4 4 3 3 3 3 3 4 4 3 3 4
Profit before tax 4 0 -1 -10 -4 1 0 7 6 8 8 16 16
Tax % 0% 0% 0% 54% 0% 7% 44% 21% 4% 25% 32% 31%
4 0 -1 -5 -4 1 0 5 6 6 5 11 11
EPS in Rs 1.55 0.12 -0.53 -1.92 -1.73 0.29 0.06 2.07 2.35 2.50 2.20 4.41 4.61
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 23% 91%
Compounded Sales Growth
10 Years: -5%
5 Years: 0%
3 Years: 0%
TTM: 8%
Compounded Profit Growth
10 Years: 44%
5 Years: 137%
3 Years: 25%
TTM: 24%
Stock Price CAGR
10 Years: 36%
5 Years: 74%
3 Years: 132%
1 Year: 233%
Return on Equity
10 Years: 3%
5 Years: 7%
3 Years: 8%
Last Year: 10%

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 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 97 97 96 77 73 75 75 80 86 92 96 97 97
35 39 54 45 41 36 36 31 20 8 3 0 0
23 23 27 23 44 24 23 17 14 14 14 15 16
Total Liabilities 168 172 190 157 170 147 146 141 133 126 125 125 125
114 111 118 120 117 114 113 110 108 105 95 99 100
CWIP 11 15 5 0 0 0 0 0 0 0 4 2 0
Investments 5 5 6 0 0 7 7 7 7 7 7 7 8
38 41 62 37 53 27 27 23 17 15 20 18 18
Total Assets 168 172 190 157 170 147 146 141 133 126 125 125 125

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
10 5 7 29 0 11 9 8 12 14 10 16
-8 -5 -13 -18 8 -2 -2 1 -2 -0 -4 3
-4 0 10 -18 -7 -9 -5 -10 -12 -10 -7 -13
Net Cash Flow -2 0 3 -7 1 0 2 -1 -2 3 -2 6

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 98 112 86 90 129 87 49 82 71 91 83 66
Inventory Days 169 365 98 236 93 147 290 312 134 9
Days Payable 154 333 121 285 250 115 282 278 175 249
Cash Conversion Cycle 113 143 62 41 -28 120 58 116 31 -149 83 66
Working Capital Days 150 143 194 115 7 -41 -60 -25 12 39 106 24
ROCE % 6% 3% 3% -2% 2% 5% 4% 9% 8% 9% 12% 15%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.07% 51.23% 51.23% 51.23% 51.23% 51.23% 51.23% 51.23% 51.23% 51.23% 51.23% 52.30%
0.00% 0.10% 0.41% 0.41% 0.46% 0.46% 0.46% 0.42% 0.42% 0.00% 0.17% 0.16%
48.93% 48.67% 48.36% 48.36% 48.31% 48.31% 48.31% 48.35% 48.36% 48.77% 48.62% 47.54%
No. of Shareholders 16,57818,01217,71020,76221,99422,17621,72121,42522,83228,41627,97130,831

* 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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