G G Engineering Ltd

G G Engineering Ltd

₹ 2.34 -1.68%
23 Feb - close price
About

Incorporated in 2006, G G Engineering Ltd does trading of Iron and Steel metals

Key Points

Product & services:[1]
Iron and Steel Trading: Company is trading into Iron and Steel Metals from its unit in Ghaziabad.
a) Structural Steel
b) Agricultural Pipes
c) Tor Steel
d) MS Pipes

  • Market Cap 206 Cr.
  • Current Price 2.34
  • High / Low 7.00 / 1.06
  • Stock P/E 24.2
  • Book Value 0.84
  • Dividend Yield 0.00 %
  • ROCE 11.6 %
  • ROE 12.2 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.80 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 3.61%
  • Company has a low return on equity of 7.03% over last 3 years.
  • Earnings include an other income of Rs.11.5 Cr.
  • Company has high debtors of 313 days.
  • Promoter holding has decreased over last 3 years: -60.0%

* 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: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
6.85 10.98 11.57 8.02 4.79 6.89 2.59 8.28 12.13 36.99 29.94 24.93 18.95
6.94 10.30 11.26 7.84 4.58 6.99 3.28 6.21 11.53 36.95 32.89 24.99 18.04
Operating Profit -0.09 0.68 0.31 0.18 0.21 -0.10 -0.69 2.07 0.60 0.04 -2.95 -0.06 0.91
OPM % -1.31% 6.19% 2.68% 2.24% 4.38% -1.45% -26.64% 25.00% 4.95% 0.11% -9.85% -0.24% 4.80%
0.02 0.02 0.02 0.04 0.00 0.04 0.23 0.16 0.28 -0.20 6.18 5.71 -0.15
Interest 0.20 0.22 0.21 0.15 0.20 0.22 0.22 -0.28 0.08 0.08 0.00 0.01 0.02
Depreciation 0.21 0.25 0.24 0.50 0.29 0.29 0.31 0.25 0.22 0.22 0.03 0.03 0.07
Profit before tax -0.48 0.23 -0.12 -0.43 -0.28 -0.57 -0.99 2.26 0.58 -0.46 3.20 5.61 0.67
Tax % 0.00% 0.00% 0.00% -6.98% 0.00% -3.51% 0.00% -9.73% 0.00% 0.00% 0.00% 14.80% 23.88%
-0.48 0.24 -0.12 -0.45 -0.28 -0.59 -0.98 2.48 0.59 -0.47 3.20 4.78 0.51
EPS in Rs -0.01 0.00 -0.00 -0.01 -0.00 -0.00 -0.01 0.01 0.00 0.00 0.04 0.05 0.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
82 20 37 23 100 111
78 19 36 21 100 113
Operating Profit 4 1 1 2 0 -2
OPM % 4% 5% 3% 7% 0% -2%
0 0 0 0 10 12
Interest 0 1 1 0 0 0
Depreciation 0 1 1 1 0 0
Profit before tax 3 -1 -1 0 9 9
Tax % 31% 9% -4% -5% 9%
2 -1 -1 0 9 8
EPS in Rs 0.03 -0.01 -0.00 0.00 0.10 0.10
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 70%
TTM: 271%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 124%
TTM: 3438%
Stock Price CAGR
10 Years: %
5 Years: -46%
3 Years: -75%
1 Year: -61%
Return on Equity
10 Years: %
5 Years: %
3 Years: 7%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 6 10 10 10 38
Reserves 7 4 4 5 35
4 8 11 9 2
5 11 12 5 42
Total Liabilities 22 34 37 30 118
3 19 20 7 0
CWIP 0 0 0 0 0
Investments 5 0 0 0 28
14 14 16 22 89
Total Assets 22 34 37 30 118

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 7 0 -11 -26
-5 -12 -2 12 -22
5 4 2 -1 49
Net Cash Flow 1 -1 -0 -0 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 42 72 59 224 313
Inventory Days 9 108 49 35 0
Days Payable 18 174 90 21
Cash Conversion Cycle 33 6 18 238 313
Working Capital Days 35 45 32 299 163
ROCE % 1% 0% 3% 12%

Shareholding Pattern

Numbers in percentages

33 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
53.67% 53.67% 53.48% 43.28% 3.36% 1.88% 1.98% 1.98% 1.93% 1.93% 1.97% 3.61%
8.47% 8.47% 6.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
37.85% 37.85% 39.90% 56.72% 96.64% 98.12% 98.02% 98.02% 98.07% 98.07% 98.03% 96.39%
No. of Shareholders 1,4625,08716,66623,84029,17732,61534,31343,18942,89645,8951,71,5202,55,713

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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