Nicco Parks & Resorts Ltd

About

Nicco Parks & Resorts Limited (NPRL) is engaged in the business of leisure and entertainment. The Company operates amusement parks and theme parks.

  • Market Cap 272 Cr.
  • Current Price 58.0
  • High / Low 61.2 / 39.2
  • Stock P/E 412
  • Book Value 10.6
  • Dividend Yield 0.00 %
  • ROCE -11.0 %
  • ROE -8.41 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 5.49 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -16.27% over past five years.
  • Company has a low return on equity of 7.62% for last 3 years.
  • Promoters have pledged 37.83% of their holding.
  • Earnings include an other income of Rs.1.61 Cr.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
0.00 15.17 18.19 11.27 12.62 12.47 0.91 0.58 4.12 11.53 2.16 3.93
0.00 13.70 11.28 9.92 10.98 12.43 4.58 4.51 4.84 7.62 4.47 4.89
Operating Profit 0.00 1.47 6.91 1.35 1.64 0.04 -3.67 -3.93 -0.72 3.91 -2.31 -0.96
OPM % 9.69% 37.99% 11.98% 13.00% 0.32% -403.30% -677.59% -17.48% 33.91% -106.94% -24.43%
Other Income 0.00 0.65 0.54 0.61 0.58 0.35 0.65 0.26 0.69 0.29 0.23 0.40
Interest 0.00 0.06 0.07 0.06 0.05 0.31 0.14 0.14 0.12 0.12 0.08 0.08
Depreciation 0.00 0.62 0.66 0.66 0.65 0.51 0.66 0.68 0.63 0.51 0.65 0.64
Profit before tax 0.00 1.44 6.72 1.24 1.52 -0.43 -3.82 -4.49 -0.78 3.57 -2.81 -1.28
Tax % 28.47% 30.51% -16.94% 25.66% 23.26% 4.97% 29.84% 23.08% 15.41% 17.08% 63.28%
Net Profit 0.00 1.32 4.54 1.68 2.11 -0.86 -4.01 -2.29 -0.63 3.29 -1.64 -0.36
EPS in Rs 0.00 0.28 0.97 0.36 0.45 -0.18 -0.86 -0.49 -0.13 0.70 -0.35 -0.08

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
42.87 42.58 44.98 46.99 55.45 55.10 17.52 21.74
35.62 34.99 36.21 37.47 44.14 44.50 21.53 21.82
Operating Profit 7.25 7.59 8.77 9.52 11.31 10.60 -4.01 -0.08
OPM % 16.91% 17.83% 19.50% 20.26% 20.40% 19.24% -22.89% -0.37%
Other Income 1.51 1.74 1.95 1.81 2.15 1.42 1.48 1.61
Interest 0.41 0.44 0.58 0.40 0.27 0.49 0.51 0.40
Depreciation 1.40 1.48 1.78 2.06 2.25 2.49 2.48 2.43
Profit before tax 6.95 7.41 8.36 8.87 10.94 9.04 -5.52 -1.30
Tax % 33.96% 33.74% 33.25% 28.75% 25.50% 23.67% 16.49%
Net Profit 5.30 5.62 6.79 7.75 9.35 7.46 -3.52 0.66
EPS in Rs 1.13 1.20 1.45 1.66 2.00 1.59 -0.75 0.14
Dividend Payout % 26.49% 24.98% 20.68% 9.06% 40.04% 37.64% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -16%
3 Years: -28%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 113%
Stock Price CAGR
10 Years: 10%
5 Years: 17%
3 Years: 15%
1 Year: 18%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 8%
Last Year: -8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
4.68 4.68 4.68 4.68 4.68 4.68 4.68 4.68
Reserves 22.73 26.56 35.67 41.69 47.33 49.65 46.63 44.85
Borrowings 4.25 4.45 3.37 2.56 1.52 1.93 0.15 2.77
12.93 13.93 12.50 14.23 16.38 18.87 16.60 13.28
Total Liabilities 44.59 49.62 56.22 63.16 69.91 75.13 68.06 65.58
14.00 18.11 23.31 22.56 23.93 29.03 26.59 25.31
CWIP 0.33 0.12 0.07 0.10 0.02 0.06 0.00 0.00
Investments 8.91 9.63 15.21 24.31 27.01 29.45 25.57 26.49
21.35 21.76 17.63 16.19 18.95 16.59 15.90 13.78
Total Assets 44.59 49.62 56.22 63.16 69.91 75.13 68.06 65.58

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
7.83 6.90 6.43 8.43 10.31 7.27 -3.19
-7.50 -3.70 -3.36 -5.62 -5.26 -3.07 5.77
-0.59 -2.74 -3.26 -2.91 -4.70 -4.58 -2.30
Net Cash Flow -0.26 0.47 -0.19 -0.09 0.35 -0.38 0.27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 13.62 17.66 10.87 13.13 13.17 10.47 12.29
Inventory Days 101.60 81.24 71.28 102.50 62.30 70.94 312.36
Days Payable 466.60 490.86 349.54 348.33 362.48 183.79 1,059.90
Cash Conversion Cycle -351.38 -391.97 -267.39 -232.71 -287.02 -102.39 -735.26
Working Capital Days -53.98 -64.81 -48.04 -48.78 -51.34 -48.03 -154.79
ROCE % 24.05% 22.36% 19.88% 20.96% 16.81% -11.01%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
62.45 62.45 62.45 62.90 63.06 63.93 63.95 64.65 64.96 65.40 65.42 66.08
37.55 37.55 37.55 37.10 36.93 36.07 36.04 35.35 35.04 34.60 34.58 33.92

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