Centum Electronics Ltd

₹ 525 -4.51%
23 Sep - close price
About

Centum Electronics is involved in the design and manufacture of advanced microelectronics modules, frequency control products, printed circuit board assembly and resistor networks catering to the Communications, Military, Aerospace, Transportation and Industrial electronics markets. [1]

Key Points

Business Segment
Electronic Manufacturing Services (26%): It offers a wide range of manufacturing solutions from Printed Circuit Board Assemblies to Complex Finished products, Line Replaceable Units (LRU), and complete system integration.
Engineering R&D services (37%): Conceptualizing, designing, and certifying Electronic Hardware, Embedded Software, FPGA, Analog, Radio Frequency products, Power Electronics, etc.
Strategic Electronics (37%): It provides Built to Specification services, which include quickly and efficiently taking a project from conceptualization to mass production quickly and efficiently. [1] [2]

  • Market Cap 676 Cr.
  • Current Price 525
  • High / Low 660 / 390
  • Stock P/E
  • Book Value 158
  • Dividend Yield 0.48 %
  • ROCE 6.17 %
  • ROE 0.33 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.32 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.43% over past five years.
  • Company has a low return on equity of 5.42% for last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
221.55 203.75 227.35 228.56 189.65 205.10 216.18 206.51 174.37 172.42 200.03 233.11 208.48
206.29 183.01 204.72 201.45 171.50 183.51 187.60 188.43 164.82 160.34 181.28 221.34 197.03
Operating Profit 15.26 20.74 22.63 27.11 18.15 21.59 28.58 18.08 9.55 12.08 18.75 11.77 11.45
OPM % 6.89% 10.18% 9.95% 11.86% 9.57% 10.53% 13.22% 8.76% 5.48% 7.01% 9.37% 5.05% 5.49%
2.93 12.69 1.26 -0.91 2.66 0.99 1.63 2.57 -42.90 2.89 2.57 2.62 2.58
Interest 7.41 9.56 7.89 11.96 7.86 6.63 7.58 7.45 7.32 6.04 5.58 7.40 5.98
Depreciation 10.08 10.07 10.53 10.71 10.83 10.30 12.74 11.44 11.13 11.18 11.59 9.30 11.04
Profit before tax 0.70 13.80 5.47 3.53 2.12 5.65 9.89 1.76 -51.80 -2.25 4.15 -2.31 -2.99
Tax % 270.00% 12.25% 60.69% 14.16% 143.87% 25.49% 20.63% 48.86% 6.35% 6.22% 15.42% -176.19% 14.05%
Net Profit -1.19 12.11 2.15 3.04 -0.93 4.21 7.85 0.90 -48.51 -2.11 3.51 -6.37 -2.57
EPS in Rs 1.33 6.85 4.20 2.11 1.24 5.91 5.55 0.84 -26.90 -0.50 2.76 -5.63 -1.99
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
254 257 283 425 488 404 692 778 930 883 817 780 814
226 224 247 341 387 354 636 754 848 786 729 710 760
Operating Profit 28 33 36 84 101 51 56 23 82 97 88 70 54
OPM % 11% 13% 13% 20% 21% 13% 8% 3% 9% 11% 11% 9% 7%
2 1 1 1 7 8 32 13 7 5 6 -52 11
Interest 6 6 6 8 5 7 18 22 35 37 30 26 25
Depreciation 13 15 16 16 17 17 23 28 28 41 45 43 43
Profit before tax 11 13 15 62 87 36 46 -14 27 23 19 -52 -3
Tax % 41% 33% 35% 28% 31% 28% 19% -7% -1% 31% 38% -2%
Net Profit 6 9 10 44 60 26 37 -15 27 16 12 -53 -8
EPS in Rs 4.02 5.81 7.50 27.90 34.49 20.74 26.93 -14.74 21.91 15.47 13.32 -23.70 -5.36
Dividend Payout % 25% 17% 59% 6% 9% 14% 19% -7% 23% 16% 30% -11%
Compounded Sales Growth
10 Years: 12%
5 Years: 2%
3 Years: -6%
TTM: 1%
Compounded Profit Growth
10 Years: -21%
5 Years: -53%
3 Years: -70%
TTM: -164%
Stock Price CAGR
10 Years: 22%
5 Years: -3%
3 Years: 6%
1 Year: 5%
Return on Equity
10 Years: 11%
5 Years: 4%
3 Years: 5%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
12 12 12 12 13 13 13 13 13 13 13 13
Reserves 80 86 88 118 156 179 197 177 206 192 210 191
61 64 62 53 89 81 279 390 357 372 374 320
82 76 102 112 169 188 377 493 515 497 381 396
Total Liabilities 235 238 264 295 427 461 865 1,073 1,091 1,074 978 920
73 72 63 75 72 72 250 239 205 256 253 239
CWIP 1 0 0 0 0 21 11 27 14 11 19 12
Investments 0 0 0 0 0 1 45 14 12 40 49 7
162 166 200 220 354 366 559 793 860 766 658 661
Total Assets 235 238 264 295 427 461 865 1,073 1,091 1,074 978 920

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-3 16 17 64 28 68 -53 -27 50 109 81 103
-12 -14 -6 -28 -18 -36 -70 -31 -22 -11 13 -15
14 -2 -7 -27 22 -25 97 66 -33 -102 -66 -81
Net Cash Flow -2 0 3 9 32 6 -26 8 -4 -4 28 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 94 117 132 83 83 92 99 113 108 103 96 93
Inventory Days 144 116 138 107 185 223 216 295 225 242 205 272
Days Payable 84 70 102 60 64 114 144 205 138 183 115 138
Cash Conversion Cycle 154 162 167 131 203 202 171 203 195 162 187 227
Working Capital Days 115 122 123 88 113 110 93 142 101 71 95 73
ROCE % 12% 12% 13% 40% 42% 16% 16% 2% 11% 12% 8% 6%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
58.80 58.80 58.80 58.80 58.80 58.80 58.80 58.80 58.80 58.80 58.80 58.80
0.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.00 0.00
8.10 7.93 7.92 7.42 7.36 4.07 6.57 6.52 5.89 5.83 6.04 6.06
32.14 33.26 33.28 33.78 33.84 37.12 34.63 34.68 35.30 35.31 35.16 35.14

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