Conart Engineers Ltd

Conart Engineers Ltd

₹ 120 -0.03%
26 Apr - close price
About

Incorporated in 1973, Conart Engineers Ltd providing General Contracting and Project Management Services[1]

Key Points

Services Offered:[1][2]
a) General Contracting:
Cost monitoring and control, Schedule development and control, Subcontractor management, Field engineering and site management, Safety assurance, Project accounting, Change management, Shop
drawings and material submittal review,
Quality control, etc.
b) Design Built:
Constructability, budgeting, cost control,
and logistics
c) Turnkey Services:
Company provides real estate investing,
finance, and development
d) Project Management:
Mater Planning, Bid Phase, Cost Estimating,
CPM Scheduling, Change Order Evaluation,
Project Cost Controls, Safety, Quality
Management / Field Inspections,
Technology Services, Constructability
Review

  • Market Cap 37.5 Cr.
  • Current Price 120
  • High / Low 134 / 34.0
  • Stock P/E 13.8
  • Book Value 84.0
  • Dividend Yield 0.00 %
  • ROCE 10.3 %
  • ROE 7.94 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Debtor days have improved from 90.3 to 63.6 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 9.53% over past five years.
  • Company has a low return on equity of 5.23% 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: Construction Industry: Construction

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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
3.46 10.23 5.00 11.01 9.09 11.46 5.67 13.28 8.01 8.53 8.69 11.64 13.77
3.36 9.98 4.75 10.64 8.46 10.98 5.14 12.62 7.16 7.65 8.45 10.72 12.14
Operating Profit 0.10 0.25 0.25 0.37 0.63 0.48 0.53 0.66 0.85 0.88 0.24 0.92 1.63
OPM % 2.89% 2.44% 5.00% 3.36% 6.93% 4.19% 9.35% 4.97% 10.61% 10.32% 2.76% 7.90% 11.84%
0.07 0.27 0.02 0.08 0.13 0.24 0.06 0.03 0.04 0.05 0.09 0.27 0.04
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.00 0.00 0.01 0.00 0.00
Depreciation 0.11 0.09 0.12 0.11 0.12 0.12 0.13 0.14 0.13 0.15 0.15 0.15 0.14
Profit before tax 0.06 0.43 0.15 0.34 0.64 0.60 0.44 0.54 0.76 0.78 0.17 1.04 1.53
Tax % 33.33% 41.86% 26.67% 44.12% 21.88% 21.67% 27.27% 40.74% 25.00% 14.10% 29.41% 25.96% 24.18%
0.04 0.25 0.11 0.20 0.50 0.47 0.34 0.33 0.57 0.66 0.13 0.77 1.16
EPS in Rs 0.13 0.80 0.35 0.64 1.59 1.50 1.08 1.05 1.82 2.10 0.41 2.45 3.69
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
26.52 24.46 8.42 19.11 20.75 20.43 22.51 31.03 25.22 21.71 36.56 35.49 42.63
25.20 24.73 8.62 18.41 19.06 18.49 20.68 28.71 23.81 20.80 34.77 32.56 38.96
Operating Profit 1.32 -0.27 -0.20 0.70 1.69 1.94 1.83 2.32 1.41 0.91 1.79 2.93 3.67
OPM % 4.98% -1.10% -2.38% 3.66% 8.14% 9.50% 8.13% 7.48% 5.59% 4.19% 4.90% 8.26% 8.61%
0.46 0.58 0.90 1.04 0.48 0.54 0.33 0.44 0.67 0.95 0.41 0.17 0.45
Interest 0.20 0.21 0.07 0.03 0.03 0.05 0.05 0.00 0.01 0.01 0.00 0.03 0.01
Depreciation 0.48 0.47 0.47 0.53 0.51 0.52 0.49 0.50 0.51 0.44 0.47 0.54 0.59
Profit before tax 1.10 -0.37 0.16 1.18 1.63 1.91 1.62 2.26 1.56 1.41 1.73 2.53 3.52
Tax % 28.18% 37.84% 50.00% 5.08% 31.29% 32.98% 25.93% 26.11% 23.72% 26.95% 26.01% 21.74%
0.79 -0.24 0.08 1.12 1.12 1.29 1.20 1.67 1.19 1.04 1.28 1.97 2.72
EPS in Rs 2.63 -0.80 0.27 3.73 3.73 4.30 3.82 5.32 3.79 3.31 4.08 6.27 8.65
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 26.39% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 4%
5 Years: 10%
3 Years: 12%
TTM: 11%
Compounded Profit Growth
10 Years: 26%
5 Years: 10%
3 Years: 33%
TTM: 59%
Stock Price CAGR
10 Years: 34%
5 Years: 32%
3 Years: 66%
1 Year: 198%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 5%
Last Year: 8%

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 3.00 3.00 3.00 3.00 3.00 3.00 3.14 3.14 3.14 3.14 3.14 3.14 3.14
Reserves 10.56 10.32 10.40 10.54 11.66 12.96 14.65 16.40 17.41 18.22 19.92 22.14 23.23
0.91 0.90 0.29 0.08 0.30 0.19 0.07 0.00 0.00 0.00 0.00 0.05 0.03
5.41 4.27 2.04 2.61 2.77 3.40 4.07 6.22 4.49 4.26 4.92 4.37 7.99
Total Liabilities 19.88 18.49 15.73 16.23 17.73 19.55 21.93 25.76 25.04 25.62 27.98 29.70 34.39
5.55 5.19 4.76 3.42 3.82 3.38 5.04 5.12 4.21 3.99 4.54 5.92 5.78
CWIP 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.30 0.29 1.39 2.34 2.05 2.07 3.23 3.26 6.94 8.40 7.35 7.74 9.34
14.03 13.01 9.58 10.47 11.85 14.10 13.66 17.38 13.89 13.23 16.09 16.04 19.27
Total Assets 19.88 18.49 15.73 16.23 17.73 19.55 21.93 25.76 25.04 25.62 27.98 29.70 34.39

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
0.24 0.13 2.99 2.41 -0.41 0.14 1.25 -0.49 1.93 1.99 -1.48 4.07
0.00 -0.14 -1.15 0.97 -0.61 -0.05 -3.21 -0.44 -2.74 -1.15 0.70 -1.88
-0.58 0.24 -0.62 -0.21 0.22 -0.11 0.60 -0.07 -0.39 -0.01 0.00 0.01
Net Cash Flow -0.34 0.23 1.22 3.17 -0.80 -0.02 -1.36 -1.00 -1.20 0.83 -0.78 2.20

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 104.46 108.04 153.46 54.82 66.84 125.60 120.48 126.57 137.63 107.60 99.64 63.56
Inventory Days 86.31 35.36 90.92 34.83 101.04 92.66 150.52 119.10 83.03 212.39 120.20 124.58
Days Payable 125.49 92.64 163.11 48.09 95.72 93.60 162.34 137.91 95.65 124.63 84.29 50.84
Cash Conversion Cycle 65.29 50.76 81.26 41.56 72.16 124.66 108.65 107.76 125.02 195.35 135.55 137.30
Working Capital Days 74.18 68.34 110.97 27.31 59.98 103.44 101.34 105.28 124.90 124.92 103.13 91.22
ROCE % 9.03% -0.98% 1.86% 9.45% 11.69% 12.47% 9.82% 12.14% 5.39% 2.77% 7.20% 10.33%

Shareholding Pattern

Numbers in percentages

15 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.54% 44.54% 44.54% 44.54% 44.54% 44.54% 44.54% 44.54% 44.54% 44.54% 44.55% 44.55%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.28% 0.00%
55.46% 55.46% 55.46% 55.46% 55.46% 55.46% 55.47% 55.46% 55.46% 55.46% 55.17% 55.45%
No. of Shareholders 3,3963,8803,7673,7713,7833,7354,1944,0864,0223,8743,9994,525

* 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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