Cerebra Integrated Technologies Ltd

About

Cerebra Integrated Technologies is engaged in the business of e-waste recycling, refining and refurbishment, electronic manufacturing services and IT infrastructure management.

  • Market Cap 974 Cr.
  • Current Price 80.4
  • High / Low 87.8 / 27.8
  • Stock P/E 50.0
  • Book Value 20.5
  • Dividend Yield 0.00 %
  • ROCE 4.69 %
  • ROE 1.98 %
  • Face Value 10.0

Pros

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

Cons

  • Stock is trading at 3.91 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -13.75% over past five years.
  • Promoter holding is low: 7.10%
  • Company has a low return on equity of 3.90% for last 3 years.
  • Company has high debtors of 409.73 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
63 50 12 25 33 30 12 14 19 20 21 63
56 35 6 16 21 30 13 14 8 17 16 49
Operating Profit 7 15 6 9 12 -0 -1 1 10 2 5 14
OPM % 12% 31% 50% 36% 36% -2% -12% 4% 55% 11% 25% 22%
Other Income -4 -25 0 2 0 -17 0 -0 0 0 0 0
Interest 1 1 1 1 1 0 1 -0 2 1 1 2
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 3 -11 5 10 11 -18 -2 1 8 1 4 12
Tax % 35% -45% 29% 23% 26% 26% 0% 0% 21% 123% 15% 15%
Net Profit 2 -16 4 8 8 -13 -2 1 6 -0 3 10
EPS in Rs 0.14 -1.31 0.31 0.64 0.67 -1.09 -0.18 0.07 0.51 -0.01 0.28 0.83

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
59 72 95 123 61 130 134 146 174 261 100 64 122
58 71 91 121 61 130 136 143 155 225 73 52 91
Operating Profit 1 1 4 2 0 0 -2 3 19 36 26 12 31
OPM % 1% 1% 4% 2% 0% 0% -1% 2% 11% 14% 27% 18% 26%
Other Income 1 1 1 1 0 0 4 1 2 -18 -15 0 0
Interest 0 0 0 0 0 0 1 0 1 3 2 4 6
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 1
Profit before tax 1 1 4 3 0 -1 1 4 20 15 9 7 25
Tax % 18% 10% 14% -19% 0% 0% 25% 37% 93% 25% 37%
Net Profit 1 1 4 4 0 -1 1 3 13 1 7 5 19
EPS in Rs 0.70 0.33 0.80 0.74 0.00 -0.09 0.10 0.26 1.05 0.09 0.54 0.38 1.61
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -14%
3 Years: -28%
TTM: 38%
Compounded Profit Growth
10 Years: 15%
5 Years: 36%
3 Years: -28%
TTM: 76%
Stock Price CAGR
10 Years: 11%
5 Years: 32%
3 Years: 39%
1 Year: 187%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 4%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
16 37 48 48 48 84 96 108 120 121 121 121 121
Reserves -2 15 36 40 41 42 43 47 95 103 110 114 128
Borrowings 0 0 0 0 0 25 13 1 0 1 5 12 17
31 42 84 13 52 32 5 141 96 175 111 47 66
Total Liabilities 45 95 169 101 141 183 158 297 311 401 347 294 332
1 2 7 7 7 6 6 6 9 9 9 10 10
CWIP 0 0 0 0 0 0 0 3 0 0 1 7 32
Investments 0 5 8 4 4 4 1 0 14 4 4 4 4
44 88 155 90 130 173 151 288 288 388 333 274 287
Total Assets 45 95 169 101 141 183 158 297 311 401 347 294 332

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-4 -12 -13 -2 2 -1 7 1 -33 -13 -60 -6
1 -23 -8 1 -2 0 0 -3 -15 11 0 -7
3 43 21 -4 -3 63 -1 0 52 2 -1 -4
Net Cash Flow 0 8 0 -5 -3 62 6 -1 5 -1 -61 -17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 193 214 394 109 456 166 82 436 293 373 534 410
Inventory Days 0 0 3 3 7 6 6 5 38 6 72 236
Days Payable 356 29 307 87 6 362 212 272 539 188
Cash Conversion Cycle 193 214 41 82 156 85 82 80 119 107 67 458
Working Capital Days 89 75 112 101 219 107 91 96 147 148 219 330
ROCE % 11% 4% 7% 4% 0% -0% 1% 3% 11% 19% 13% 5%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
6.27 6.27 7.10 7.10 7.10 7.10 7.10 7.10 7.10 7.30 7.10 7.10
3.88 3.88 5.65 5.94 8.63 8.35 9.06 8.60 8.48 5.69 0.01 0.02
0.58 1.48 1.41 0.72 0.01 0.00 0.00 0.00 17.41 17.90 17.41 17.41
89.28 88.37 85.84 86.24 84.26 84.55 83.84 84.30 67.01 69.11 75.48 75.47

Documents