Creative Castings Ltd

Creative Castings Ltd

₹ 705 -1.70%
28 Mar 4:01 p.m.
About

Incorporated in 1980, Creative Castings Ltd manufactures and sells all types of Steel and
Alloy Steel Investment Castings and generates power from wind energy[1]

Key Points

Business Overview:[1][2]
Company is a ferrous investment & precision casting manufacturer and exporter of the lost wax process. It supplies over 5593 different types of castings in as cast & in fully machined conditions for various engineering applications viz. pumps & valves, Defense, oil & refinery, fire control equipment automobiles, etc. It generates revenue from windmill turbines

  • Market Cap 91.6 Cr.
  • Current Price 705
  • High / Low 1,196 / 430
  • Stock P/E 20.5
  • Book Value 274
  • Dividend Yield 1.42 %
  • ROCE 18.8 %
  • ROE 13.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 2.58 times its book value
  • Company has a low return on equity of 11.3% over last 3 years.
  • Debtor days have increased from 85.7 to 106 days.

* 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

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
6.07 8.25 9.15 6.46 9.94 11.57 12.09 12.21 9.49 16.99 11.70 12.82 12.46
5.56 7.35 8.40 5.38 8.90 11.06 11.11 11.14 7.89 15.41 10.17 11.69 11.28
Operating Profit 0.51 0.90 0.75 1.08 1.04 0.51 0.98 1.07 1.60 1.58 1.53 1.13 1.18
OPM % 8.40% 10.91% 8.20% 16.72% 10.46% 4.41% 8.11% 8.76% 16.86% 9.30% 13.08% 8.81% 9.47%
0.25 0.35 0.13 0.57 0.27 0.40 0.55 0.51 0.44 0.49 -0.09 0.44 0.54
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.16 0.17 0.15 0.17 0.16 0.13 0.15 0.15 0.16 0.30 0.15 0.15 0.15
Profit before tax 0.60 1.08 0.73 1.48 1.15 0.78 1.38 1.43 1.88 1.77 1.29 1.42 1.57
Tax % 25.00% 25.00% -1.37% 42.57% 31.30% 28.21% 19.57% 25.17% 29.26% 28.25% 17.83% 20.42% 33.76%
0.45 0.81 0.73 0.84 0.80 0.57 1.12 1.08 1.33 1.26 1.06 1.13 1.03
EPS in Rs 3.46 6.23 5.62 6.46 6.15 4.38 8.62 8.31 10.23 9.69 8.15 8.69 7.92
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
29.15 31.31 27.19 20.95 24.93 25.43 33.37 30.30 31.31 29.86 41.70 50.73 53.97
25.55 28.11 23.86 18.47 21.66 22.24 29.56 26.35 28.13 26.60 37.92 45.49 48.55
Operating Profit 3.60 3.20 3.33 2.48 3.27 3.19 3.81 3.95 3.18 3.26 3.78 5.24 5.42
OPM % 12.35% 10.22% 12.25% 11.84% 13.12% 12.54% 11.42% 13.04% 10.16% 10.92% 9.06% 10.33% 10.04%
0.36 0.69 0.78 0.14 0.61 0.67 0.89 1.06 1.34 1.30 1.03 2.00 1.38
Interest 0.10 0.01 0.00 0.03 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.00
Depreciation 0.70 0.74 0.75 0.52 0.56 0.55 0.61 0.60 0.59 0.66 0.59 0.75 0.75
Profit before tax 3.16 3.14 3.36 2.07 3.32 3.30 4.08 4.40 3.92 3.89 4.22 6.48 6.05
Tax % 25.32% 23.57% 23.21% 23.67% 22.89% 19.70% 24.51% 21.14% 23.21% 26.99% 22.27% 25.93%
2.36 2.39 2.58 1.58 2.56 2.65 3.08 3.47 3.01 2.83 3.28 4.79 4.48
EPS in Rs 18.15 18.38 19.85 12.15 19.69 20.38 23.69 26.69 23.15 21.77 25.23 36.85 34.45
Dividend Payout % 27.54% 43.51% 12.60% 8.23% 15.23% 49.06% 42.21% 37.46% 43.19% 45.94% 39.63% 0.00%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 17%
TTM: 19%
Compounded Profit Growth
10 Years: 8%
5 Years: 8%
3 Years: 15%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: 15%
3 Years: 26%
1 Year: 64%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 11%
Last Year: 14%

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 1.30 1.30 1.30 1.30 1.30 1.30 1.30 1.30 1.30 1.30 1.30 1.30 1.30
Reserves 10.94 12.11 14.32 15.72 17.81 18.84 22.03 23.99 25.33 27.41 29.77 33.51 34.27
0.78 0.00 2.24 0.00 0.17 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.23
6.26 5.41 3.40 3.75 3.85 3.85 5.37 5.76 6.02 4.56 5.44 7.21 9.59
Total Liabilities 19.28 18.82 21.26 20.77 23.13 23.99 28.70 31.05 32.65 33.27 36.51 42.14 45.39
3.37 3.04 7.41 7.24 7.11 7.57 7.64 7.22 6.72 6.38 6.34 6.18 9.35
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.25 0.00
Investments 0.18 1.68 2.23 2.23 4.13 5.28 5.48 9.26 9.43 11.40 8.25 7.53 7.48
15.73 14.10 11.62 11.30 11.89 11.14 15.58 14.57 16.50 15.49 21.92 28.18 28.56
Total Assets 19.28 18.82 21.26 20.77 23.13 23.99 28.70 31.05 32.65 33.27 36.51 42.14 45.39

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
0.84 3.76 5.50 1.83 1.85 4.23 0.97 4.74 2.48 1.79 0.36 -0.48
-0.07 -1.84 -5.49 -0.24 -2.03 -1.81 -0.75 -3.46 0.03 -1.27 3.05 0.34
-1.22 -1.55 0.15 -1.79 0.01 -2.21 -0.01 -1.58 -1.57 -1.31 -1.30 -1.18
Net Cash Flow -0.45 0.37 0.16 -0.20 -0.17 0.21 0.21 -0.30 0.94 -0.79 2.11 -1.33

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 104.30 69.01 66.72 97.22 90.04 75.35 94.83 91.67 73.91 79.94 71.42 105.69
Inventory Days 145.94 138.93 118.34 142.24 111.81 118.01 88.10 110.30 167.43 169.81 151.00 118.79
Days Payable 114.17 80.93 46.79 111.38 76.46 103.26 104.79 103.55 98.78 47.15 42.00 53.56
Cash Conversion Cycle 136.08 127.01 138.27 128.08 125.39 90.11 78.14 98.42 142.56 202.60 180.42 170.92
Working Capital Days 114.20 91.51 95.58 125.09 119.47 103.20 108.40 95.04 95.71 116.37 110.81 128.79
ROCE % 25.82% 21.49% 21.49% 12.04% 18.35% 16.84% 19.23% 18.06% 15.14% 13.19% 12.91% 18.85%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96%
25.04% 25.04% 25.04% 25.04% 25.04% 25.04% 25.04% 25.04% 25.04% 25.05% 25.04% 25.04%
No. of Shareholders 5735918087857987821,1241,2651,3961,5131,6211,772

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