Ladam Affordable Housing Ltd

Ladam Affordable Housing Ltd

₹ 6.99 0.00%
25 Apr 4:01 p.m.
About

Incorporated in 1979, Ladam Affordable
Housing Ltd is in the business of construction
of mass housing projects under affordable
housing project scheme [1]

Key Points

Business Overview:[1][2]
Company is in the real estate business focusing
on affordable housing. It plans to construct 5000+ affordable homes by utilizing its existing land. At present, the company is working on a residential project at Shahapur to build 600 residences in 1/2/3 BHKs

  • Market Cap 12.8 Cr.
  • Current Price 6.99
  • High / Low 10.3 / 4.30
  • Stock P/E
  • Book Value 16.2
  • Dividend Yield 0.00 %
  • ROCE -0.37 %
  • ROE -0.64 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.43 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.4% over past five years.
  • Company has a low return on equity of -0.09% over last 3 years.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 1,773 days to 3,663 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.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
2.32 1.61 0.00 0.92 1.08 2.95 0.80 0.06 0.01 0.92 0.00 0.00 0.00
1.86 2.05 0.07 0.99 0.99 2.43 0.90 0.10 0.07 1.34 0.08 0.05 0.04
Operating Profit 0.46 -0.44 -0.07 -0.07 0.09 0.52 -0.10 -0.04 -0.06 -0.42 -0.08 -0.05 -0.04
OPM % 19.83% -27.33% -7.61% 8.33% 17.63% -12.50% -66.67% -600.00% -45.65%
0.01 0.05 0.01 0.08 0.07 0.46 0.01 0.02 0.05 0.30 0.03 0.06 0.04
Interest 0.07 0.07 0.01 0.07 0.09 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.05 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.05 0.00 0.00 0.00
Profit before tax 0.40 -0.51 -0.07 -0.06 0.07 0.88 -0.09 -0.02 -0.01 -0.17 -0.05 0.01 0.00
Tax % 0.00% -15.69% 0.00% 0.00% 0.00% 29.55% 0.00% 0.00% 0.00% -5.88% 0.00% 0.00%
0.40 -0.60 -0.07 -0.06 0.07 0.61 -0.09 -0.02 -0.01 -0.19 -0.05 0.01 0.00
EPS in Rs 0.22 -0.33 -0.04 -0.03 0.04 0.33 -0.05 -0.01 -0.01 -0.10 -0.03 0.01 0.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.85 3.91 26.98 10.69 2.19 0.54 75.83 3.81 4.94 0.84 0.92
0.36 1.89 23.44 9.71 2.00 0.68 73.93 3.90 4.48 1.31 1.51
Operating Profit 0.49 2.02 3.54 0.98 0.19 -0.14 1.90 -0.09 0.46 -0.47 -0.59
OPM % 57.65% 51.66% 13.12% 9.17% 8.68% -25.93% 2.51% -2.36% 9.31% -55.95% -64.13%
0.65 0.29 0.54 0.44 0.49 0.43 0.57 0.39 0.62 0.35 0.43
Interest 0.00 0.31 0.33 0.17 0.29 0.36 0.42 0.28 0.21 0.01 0.00
Depreciation 0.00 0.06 0.03 0.06 0.08 0.00 0.06 0.05 0.05 0.05 0.05
Profit before tax 1.14 1.94 3.72 1.19 0.31 -0.07 1.99 -0.03 0.82 -0.18 -0.21
Tax % 9.65% 32.47% 33.60% 0.00% 0.00% -57.14% 29.15% -266.67% 31.71% -5.56%
1.04 1.31 2.46 1.19 0.31 -0.11 1.41 -0.12 0.56 -0.19 -0.23
EPS in Rs 1.14 0.78 1.34 0.65 0.17 -0.06 0.37 -0.10 0.13 -0.11 -0.12
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -17%
3 Years: -78%
TTM: -76%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -147%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 37%
1 Year: 55%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: 0%
Last Year: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9.15 9.15 9.15 9.15 9.15 9.15 9.15 9.15 9.15 9.15 9.15
Reserves 2.55 3.24 4.54 22.92 22.42 21.45 20.01 20.42 20.65 20.43 20.41
30.43 38.29 37.20 37.41 36.02 32.15 19.03 15.63 14.71 9.48 12.65
15.76 23.42 15.58 28.13 39.43 54.07 8.91 8.18 8.46 7.11 7.06
Total Liabilities 57.89 74.10 66.47 97.61 107.02 116.82 57.10 53.38 52.97 46.17 49.27
5.22 5.24 5.20 21.45 21.36 21.30 21.24 21.19 21.14 21.08 21.09
CWIP 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20
Investments 3.26 3.38 5.73 8.27 7.97 7.20 5.15 3.50 3.55 3.60 3.68
49.21 65.28 55.34 67.69 77.49 88.12 30.51 28.49 28.08 21.29 24.30
Total Assets 57.89 74.10 66.47 97.61 107.02 116.82 57.10 53.38 52.97 46.17 49.27

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.09 -10.40 3.36 -0.38 4.94 5.86 19.52 0.53 2.48 -0.07
-0.74 2.83 -1.93 1.41 0.86 -0.92 -5.25 2.56 -0.27 -2.36
0.00 8.51 -1.22 -0.94 -5.64 -4.21 -13.13 -3.67 -1.13 -5.24
Net Cash Flow 0.35 0.93 0.21 0.08 0.15 0.73 1.13 -0.57 1.08 -7.67

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 38.65 84.02 13.93 52.58 66.67 20.28 7.12 115.92 92.36 0.00
Inventory Days 41,028.70 9,528.10 617.73 2,053.53 12,416.33 59,512.38 42.57 668.47 380.13 2,288.49
Days Payable 18,020.19 3,553.74 124.02 183.31 1,122.43 5,257.74 19.52 378.56 193.18 921.19
Cash Conversion Cycle 23,047.17 6,058.38 507.65 1,922.80 11,360.57 54,274.92 30.17 405.83 279.31 1,367.30
Working Capital Days 11,010.12 3,505.31 491.09 1,236.70 5,868.33 20,257.50 54.63 1,020.28 635.43 3,663.04
ROCE % 5.23% 7.73% 2.15% 0.83% 0.42% 4.06% 0.49% 2.09% -0.37%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.84% 58.85% 58.85% 58.85% 58.85% 58.85% 58.85% 58.85% 58.85% 58.85% 58.85% 58.85%
41.16% 41.15% 41.15% 41.15% 41.15% 41.16% 41.16% 41.16% 41.15% 41.14% 41.15% 41.16%
No. of Shareholders 2,8402,8843,1843,4583,5003,6343,7543,7713,8484,1194,4884,913

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