Nicco Parks & Resorts Ltd

Nicco Parks & Resorts Ltd

₹ 150 1.32%
18 Jun 4:01 p.m.
About

Incorporated in 1989, Nicco Parks &
Resorts Ltd is in the business of theme
-based entertainment including theme
park, water park and associated activities including retail merchandising and food & beverages[1]

Key Points

Business Overview:[1]
NPRL is an ISO 9001, OSHAS-18000, SA-8000 certified company and Eastern India's first theme-based amusement park. It is a joint venture with Nicco Corporation and Government of West Bengal, and represented by West Bengal Industrial Development Corporation (WBIDC) and West Bengal Tourism Development Corporation Limited (WBTDC). It was set up with technical advice from Blackpool Leisure and Amusement Consultancy Ltd, UK, the 40-acre park in Kolkata.

  • Market Cap 700 Cr.
  • Current Price 150
  • High / Low 176 / 116
  • Stock P/E 33.5
  • Book Value 15.6
  • Dividend Yield 1.10 %
  • ROCE 43.1 %
  • ROE 31.3 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 21.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.2%
  • Company has been maintaining a healthy dividend payout of 22.8%

Cons

  • Stock is trading at 9.58 times its book value

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
11.53 2.16 3.93 14.34 10.92 24.83 14.86 18.04 18.89 26.77 16.69 17.56 18.32
7.62 4.47 4.90 8.50 7.67 11.52 9.41 11.26 14.95 13.29 11.98 13.01 13.84
Operating Profit 3.91 -2.31 -0.97 5.84 3.25 13.31 5.45 6.78 3.94 13.48 4.71 4.55 4.48
OPM % 33.91% -106.94% -24.68% 40.73% 29.76% 53.60% 36.68% 37.58% 20.86% 50.35% 28.22% 25.91% 24.45%
0.29 0.23 0.41 1.24 0.39 0.19 0.58 0.72 0.93 1.11 1.09 0.93 1.01
Interest 0.12 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.05 0.00 0.00 0.00 0.00
Depreciation 0.51 0.65 0.64 0.65 0.60 0.56 0.54 0.54 0.59 0.62 0.62 0.68 0.69
Profit before tax 3.57 -2.81 -1.28 6.35 2.96 12.86 5.41 6.88 4.23 13.97 5.18 4.80 4.80
Tax % 15.41% 23.13% 63.28% 28.03% 26.69% 26.36% 26.43% 18.75% 25.53% 28.27% 25.48% 28.96% 25.21%
3.02 -2.16 -0.46 4.57 2.17 9.46 3.99 5.59 3.15 10.01 3.85 3.41 3.60
EPS in Rs 0.65 -0.46 -0.10 0.98 0.46 2.02 0.85 1.19 0.67 2.14 0.82 0.73 0.77
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
30 35 43 43 45 47 55 55 18 31 77 79
26 30 36 35 36 37 44 44 22 26 47 52
Operating Profit 4 5 7 8 9 10 11 11 -4 6 30 27
OPM % 15% 15% 17% 18% 20% 20% 20% 19% -23% 19% 39% 34%
1 1 2 2 2 2 2 1 1 2 2 4
Interest 0 0 0 0 1 0 0 0 1 0 0 0
Depreciation 2 2 1 1 2 2 2 2 2 3 2 3
Profit before tax 3 4 7 7 8 9 11 9 -6 5 29 29
Tax % 35% 33% 34% 34% 33% 29% 26% 24% 21% 21% 24% 27%
2 3 5 5 6 6 8 7 -4 4 22 21
EPS in Rs 0.48 0.64 0.98 1.05 1.19 1.35 1.74 1.47 -0.93 0.88 4.74 4.46
Dividend Payout % 31% 23% 31% 29% 25% 11% 46% 41% 0% 0% 35% 34%
Compounded Sales Growth
10 Years: 8%
5 Years: 7%
3 Years: 65%
TTM: 4%
Compounded Profit Growth
10 Years: 21%
5 Years: 22%
3 Years: 89%
TTM: -6%
Stock Price CAGR
10 Years: 26%
5 Years: 46%
3 Years: 50%
1 Year: 12%
Return on Equity
10 Years: 20%
5 Years: 20%
3 Years: 29%
Last Year: 31%

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
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 14 16 18 22 29 33 38 40 36 40 56 68
3 4 4 4 3 3 2 2 3 3 0 0
7 9 13 14 12 14 16 19 14 14 19 23
Total Liabilities 29 33 40 45 49 55 60 65 57 62 80 96
14 13 14 18 23 23 24 29 27 24 24 24
CWIP 1 0 0 0 0 0 0 0 0 0 0 2
Investments 5 5 5 5 8 16 18 20 14 17 20 19
10 15 21 22 18 16 19 17 16 21 36 50
Total Assets 29 33 40 45 49 55 60 65 57 62 80 96

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
3 6 8 7 6 8 10 7 -3 6 27 20
-0 -5 -8 -4 -3 -6 -5 -3 6 -5 -19 -16
-2 -1 -1 -3 -3 -3 -5 -5 -2 -0 -6 -7
Net Cash Flow 1 -1 -0 0 -0 -0 0 -0 0 1 2 -3

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 10 9 14 18 11 13 13 10 12 12 6 9
Inventory Days 81 100 102 81 71 102 62 71 312 126 47 67
Days Payable 207 285 467 491 350 348 362 184 1,060 472 363 304
Cash Conversion Cycle -116 -176 -351 -392 -267 -233 -287 -102 -735 -334 -309 -228
Working Capital Days -36 -50 -67 -74 -55 -57 -59 -54 -155 -79 -55 -2
ROCE % 18% 22% 29% 28% 26% 24% 25% 20% -11% 12% 55%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.42% 66.08% 66.37% 66.59% 66.77% 68.11% 68.30% 68.36% 68.37% 68.42% 68.43% 68.56%
0.00% 0.00% 0.77% 0.77% 0.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
34.58% 33.92% 32.85% 32.64% 32.46% 31.88% 31.68% 31.62% 31.62% 31.56% 31.55% 31.43%
No. of Shareholders 9,1338,9188,8158,7848,7018,9918,7588,7999,6609,6929,7659,929

* 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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