Creative Castings Ltd

About [ edit ]

Creative Castings is engaged in manufacturing and selling of all types of Steel and Alloy Steel Investment Castings . The company is also engaged in generating of power from wind energy.

  • Market Cap 46.8 Cr.
  • Current Price 360
  • High / Low 462 / 230
  • Stock P/E 21.5
  • Book Value 209
  • Dividend Yield 2.78 %
  • ROCE 15.1 %
  • ROE 11.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 40.95%

Cons

  • The company has delivered a poor sales growth of 8.37% over past five years.
  • Company has a low return on equity of 13.36% for last 3 years.
  • Earnings include an other income of Rs.1.58 Cr.
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
7.94 6.31 7.89 7.78 8.37 8.06 8.62 8.98 5.65 8.08 7.53 6.07
7.50 5.57 7.12 6.62 7.08 7.02 7.67 7.51 5.92 7.18 6.60 5.56
Operating Profit 0.44 0.74 0.77 1.16 1.29 1.04 0.95 1.47 -0.27 0.90 0.93 0.51
OPM % 5.54% 11.73% 9.76% 14.91% 15.41% 12.90% 11.02% 16.37% -4.78% 11.14% 12.35% 8.40%
Other Income 0.72 0.22 0.36 0.23 0.24 0.12 0.31 0.27 0.63 0.08 0.62 0.25
Interest 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.15 0.16 0.16 0.17 0.11 0.15 0.15 0.14 0.15 0.16 0.16 0.16
Profit before tax 1.01 0.80 0.97 1.21 1.42 1.01 1.11 1.60 0.21 0.82 1.39 0.60
Tax % 24.75% 28.75% 12.37% 17.36% 26.06% 22.77% 23.42% 22.50% 23.81% 34.15% 25.18% 25.00%
Net Profit 0.76 0.57 0.85 1.00 1.05 0.78 0.85 1.23 0.16 0.53 1.04 0.45
EPS in Rs 5.85 4.38 6.54 7.69 8.08 6.00 6.54 9.46 1.23 4.08 8.00 3.46

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
13.87 17.96 29.15 31.31 27.19 20.95 24.93 25.43 33.37 30.30 31.31 27.33
12.27 16.38 25.55 27.80 23.86 18.47 21.66 22.24 29.56 26.35 28.13 25.26
Operating Profit 1.60 1.58 3.60 3.51 3.33 2.48 3.27 3.19 3.81 3.95 3.18 2.07
OPM % 11.54% 8.80% 12.35% 11.21% 12.25% 11.84% 13.12% 12.54% 11.42% 13.04% 10.16% 7.57%
Other Income 0.03 0.11 0.36 0.38 0.78 0.14 0.61 0.67 0.89 1.06 1.34 1.58
Interest 0.04 0.07 0.10 0.01 0.00 0.03 0.00 0.01 0.01 0.01 0.01 0.00
Depreciation 0.68 0.69 0.70 0.74 0.75 0.52 0.56 0.55 0.61 0.60 0.59 0.63
Profit before tax 0.91 0.93 3.16 3.14 3.36 2.07 3.32 3.30 4.08 4.40 3.92 3.02
Tax % 4.40% 21.51% 25.32% 23.57% 23.21% 23.67% 22.89% 19.70% 24.51% 21.14% 23.21%
Net Profit 0.87 0.73 2.36 2.39 2.58 1.58 2.56 2.65 3.08 3.47 3.01 2.18
EPS in Rs 6.69 5.62 18.15 18.38 19.85 12.15 19.69 20.38 23.69 26.69 23.15 16.77
Dividend Payout % 44.83% 35.62% 27.54% 43.51% 12.60% 8.23% 15.23% 49.06% 42.21% 37.46% 43.19%
Compounded Sales Growth
10 Years:8%
5 Years:8%
3 Years:7%
TTM:-20%
Compounded Profit Growth
10 Years:12%
5 Years:14%
3 Years:4%
TTM:-44%
Stock Price CAGR
10 Years:%
5 Years:57%
3 Years:11%
1 Year:8%
Return on Equity
10 Years:14%
5 Years:14%
3 Years:13%
Last Year:12%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
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 8.54 9.33 10.94 12.11 14.32 15.72 17.81 18.84 22.03 23.99 25.33 25.91
Borrowings 0.32 1.60 0.78 0.00 2.24 0.00 0.17 0.00 0.00 0.00 0.00 0.00
4.11 4.46 6.26 5.41 3.40 3.75 3.85 3.85 5.37 5.76 6.01 5.97
Total Liabilities 14.27 16.69 19.28 18.82 21.26 20.77 23.13 23.99 28.70 31.05 32.64 33.18
4.44 3.98 3.37 3.04 7.41 7.24 7.11 7.57 7.64 7.22 6.72 6.51
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.18 0.18 0.18 1.68 2.23 2.23 4.13 5.28 5.48 9.26 9.43 9.12
9.65 12.53 15.73 14.10 11.62 11.30 11.89 11.14 15.58 14.57 16.49 17.55
Total Assets 14.27 16.69 19.28 18.82 21.26 20.77 23.13 23.99 28.70 31.05 32.64 33.18

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2.03 -0.40 0.84 3.76 5.50 1.83 1.85 4.23 0.97 4.74 2.48
-0.43 -0.24 -0.07 -1.84 -5.49 -0.24 -2.03 -1.81 -0.75 -3.46 0.03
-1.57 0.89 -1.22 -1.55 0.15 -1.79 0.01 -2.21 -0.01 -1.58 -1.57
Net Cash Flow 0.03 0.25 -0.45 0.37 0.16 -0.20 -0.17 0.21 0.21 -0.30 0.94

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8.93% 25.82% 21.49% 21.49% 12.04% 18.35% 16.84% 19.23% 18.06% 15.14%
Debtor Days 125.53 109.74 104.30 69.01 66.72 97.22 90.04 75.35 94.83 91.67 73.91
Inventory Turnover 2.79 3.41 3.32 3.27 3.17 4.32 4.15 5.74 4.48 3.48

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.92 74.92 74.98 74.98 74.98 74.97 74.97 74.96 74.96 74.95 74.96 74.96
25.08 25.08 25.02 25.02 25.02 25.03 25.03 25.04 25.04 25.05 25.04 25.04

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