Florence Investech Ltd

Florence Investech Ltd. is an India-based investment company. The Company is engaged in the business of investment in shares and securities.

Pros:
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 40.10%
Cons:
The company has delivered a poor growth of -35.61% over past five years.
Tax rate seems low
Company has a low return on equity of 13.56% for last 3 years.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Sep 2009 Sep 2010 Sep 2011 Mar 2016 Mar 2017 Mar 2018
76.00 84.94 96.68 151.42 123.90 131.02 34.23 14.81 14.50
61.90 74.22 84.75 151.99 108.06 114.62 0.38 0.39 0.40
Operating Profit 14.10 10.72 11.93 -0.57 15.84 16.40 33.85 14.42 14.10
OPM % 18.55% 12.62% 12.34% -0.38% 12.78% 12.52% 98.89% 97.37% 97.24%
Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.02
Interest 0.05 0.27 0.99 3.38 2.08 2.33 0.00 0.00 0.00
Depreciation 1.78 1.89 2.08 3.26 2.64 2.97 0.00 0.00 0.00
Profit before tax 12.27 8.56 8.86 -7.21 11.12 11.10 33.85 14.43 14.12
Tax % 13.04% 35.75% 26.30% 84.47% 4.14% 1.17% 15.86% 6.86% 4.32%
Net Profit 10.67 5.50 6.53 -1.12 10.66 10.97 31.91 19.19 14.98
EPS in Rs 28.66 14.78 17.54 0.00 28.63 29.47 95.55 57.64 32.78
Dividend Payout % 0.00% 0.00% 0.00% -0.00% 0.00% 0.00% 1.57% 52.06% 66.69%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:-17.28%
5 Years:-35.61%
3 Years:-51.99%
TTM:-2.09%
Compounded Profit Growth
10 Years:8.66%
5 Years:6.43%
3 Years:10.94%
TTM:-21.94%
Return on Equity
10 Years:10.74%
5 Years:12.65%
3 Years:13.56%
Last Year:8.44%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Sep 2009 Sep 2010 Sep 2011 Mar 2016 Mar 2017 Mar 2018
46.01 46.01 46.01 46.01 46.01 46.01 3.33 3.33 3.33
Reserves 31.48 36.76 43.30 42.16 52.89 63.86 160.19 179.08 169.43
Borrowings 42.94 51.94 58.71 69.62 76.22 95.52 0.00 0.00 0.00
77.17 91.67 105.52 73.45 92.55 90.30 0.75 0.31 0.35
Total Liabilities 155.10 183.88 211.04 188.74 225.17 253.19 164.27 182.72 173.11
26.00 31.55 32.82 30.84 41.00 40.36 0.00 0.00 0.00
CWIP 0.00 0.00 0.12 0.25 0.30 0.00 0.00 0.00 0.00
Investments 65.31 65.31 65.05 81.76 77.44 98.47 157.97 174.32 162.58
63.79 87.02 113.05 75.89 106.43 114.36 6.30 8.40 10.53
Total Assets 155.10 183.88 211.04 188.74 225.17 253.19 164.27 182.72 173.11

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Sep 2009 Sep 2010 Sep 2011 Mar 2016 Mar 2017 Mar 2018
-3.52 2.70 -14.80 -13.87 -7.10 0.96 -5.90 -1.99 0.06
8.39 -5.14 2.07 -8.27 3.65 -16.93 6.51 2.91 23.95
-0.04 8.73 5.84 7.75 4.68 17.22 -0.60 -0.60 -24.04
Net Cash Flow 4.83 6.29 -6.89 -14.39 1.23 1.25 0.01 0.32 -0.03

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Sep 2009 Sep 2010 Sep 2011 Mar 2016 Mar 2017 Mar 2018
ROCE % 6.92% 6.97% -2.50% 7.93% 7.06% 18.35% 8.34% 7.95%
Debtor Days 0.00 0.00 0.00 61.95 127.94 102.99 0.00 0.00 0.00
Inventory Turnover 10.46 3.81 3.45 1.72