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 662 Cr.
  • Current Price 54.6
  • High / Low 67.5 / 27.3
  • Stock P/E 103
  • Book Value 24.1
  • Dividend Yield 0.00 %
  • ROCE 2.70 %
  • ROE 0.58 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -21.73% over past five years.
  • Promoter holding is low: 7.10%
  • Company has a low return on equity of 4.12% for last 3 years.
  • Company has high debtors of 889.02 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
103.39 87.17 78.11 40.26 53.75 48.19 39.79 15.87 14.81 23.73 20.46 21.22
94.33 78.42 66.13 31.54 43.45 34.52 39.50 17.29 14.63 14.92 19.84 16.37
Operating Profit 9.06 8.75 11.98 8.72 10.30 13.67 0.29 -1.42 0.18 8.81 0.62 4.85
OPM % 8.76% 10.04% 15.34% 21.66% 19.16% 28.37% 0.73% -8.95% 1.22% 37.13% 3.03% 22.86%
Other Income 5.46 -3.66 -25.07 0.11 1.75 0.02 -17.06 0.18 -0.06 0.01 0.01 0.05
Interest 0.40 1.11 1.79 0.97 0.71 0.98 0.43 1.14 -0.36 2.64 1.26 1.29
Depreciation 0.08 0.08 0.12 0.07 0.08 0.08 0.10 0.10 0.11 0.14 0.11 0.11
Profit before tax 14.04 3.90 -15.00 7.79 11.26 12.63 -17.30 -2.48 0.37 6.04 -0.74 3.50
Tax % 32.19% 22.82% -32.67% 19.77% 20.60% 23.36% 26.82% 0.00% 0.00% 27.65% -137.84% 17.14%
Net Profit 9.22 2.82 -23.37 5.91 7.73 9.47 -12.71 -2.15 0.33 4.29 -1.18 2.97
EPS in Rs 0.77 0.23 -1.93 0.49 0.64 0.78 -1.05 -0.18 0.03 0.35 -0.10 0.25

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
61.14 82.91 162.76 230.74 130.47 267.48 238.04 250.49 314.01 385.23 182.00 69.94 80.22
59.35 81.37 157.06 223.83 127.54 260.71 235.91 237.23 271.93 343.27 149.02 61.31 65.76
Operating Profit 1.79 1.54 5.70 6.91 2.93 6.77 2.13 13.26 42.08 41.96 32.98 8.63 14.46
OPM % 2.93% 1.86% 3.50% 2.99% 2.25% 2.53% 0.89% 5.29% 13.40% 10.89% 18.12% 12.34% 18.03%
Other Income 0.07 0.89 0.83 1.31 0.79 0.00 2.88 1.49 1.83 -18.02 -15.17 0.15 0.01
Interest 0.03 0.15 0.96 1.17 1.18 3.09 2.53 1.47 1.71 3.76 3.09 4.43 4.83
Depreciation 0.29 0.23 0.78 1.15 0.47 1.06 0.51 0.17 0.30 0.38 0.34 0.43 0.47
Profit before tax 1.54 2.05 4.79 5.90 2.07 2.62 1.97 13.11 41.90 19.80 14.38 3.92 9.17
Tax % 18.18% 19.51% 27.56% 5.59% 12.08% 11.45% 16.75% 7.32% 17.49% 70.66% 15.09% 68.37%
Net Profit 1.22 1.45 2.98 5.36 1.43 1.88 1.65 11.28 32.40 4.40 11.44 1.69 6.41
EPS in Rs 0.77 0.39 0.62 1.11 0.30 0.22 0.17 1.04 2.69 0.36 0.94 0.14 0.53
Dividend Payout % 0.00% 0.00% 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:1%
5 Years:-22%
3 Years:-39%
TTM:-49%
Compounded Profit Growth
10 Years:3%
5 Years:0%
3 Years:-63%
TTM:174%
Stock Price CAGR
10 Years:5%
5 Years:23%
3 Years:18%
1 Year:94%
Return on Equity
10 Years:5%
5 Years:6%
3 Years:4%
Last Year:1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
15.96 36.88 48.10 48.10 48.10 84.34 96.42 108.50 120.40 121.20 121.20 121.20
Reserves -2.17 17.25 36.09 42.08 44.71 48.54 51.72 65.51 130.85 147.47 173.18 171.17
Borrowings 0.00 3.37 4.75 4.84 6.64 39.64 19.05 3.31 2.86 3.66 12.73 18.15
32.56 53.00 99.66 36.12 78.51 58.74 14.05 154.80 109.28 193.26 141.15 73.39
Total Liabilities 46.35 110.50 188.60 131.14 177.96 231.26 181.24 332.12 363.39 465.59 448.26 383.91
1.77 2.59 9.91 8.68 8.24 7.26 5.95 6.40 9.00 8.66 9.14 9.87
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.55 0.00 0.39 68.27 73.03
Investments 0.00 0.10 3.11 0.03 0.03 0.00 0.82 0.00 14.34 0.20 0.21 0.22
44.58 107.81 175.58 122.43 169.69 224.00 174.47 323.17 340.05 456.34 370.64 300.79
Total Assets 46.35 110.50 188.60 131.14 177.96 231.26 181.24 332.12 363.39 465.59 448.26 383.91

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-2.93 -22.84 -10.30 -0.43 -1.36 -5.56 12.69 2.83 -29.74 -19.55 -10.00 -5.44
0.02 -14.37 -10.45 -4.44 -1.84 -0.24 1.26 -3.17 -17.19 18.59 -51.87 -9.05
3.24 45.92 21.72 -0.46 -0.34 68.57 -9.11 -0.72 51.41 0.02 1.28 -6.39
Net Cash Flow 0.33 8.71 0.97 -5.33 -3.54 62.77 4.84 -1.06 4.48 -0.95 -60.58 -20.88

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 190.26 240.59 264.26 95.40 309.75 134.06 95.70 314.86 233.21 321.08 498.81 889.02
Inventory Days 0.00 46.75 30.18 23.68 38.62 25.65 4.09 3.76 22.11 4.53 34.23 212.14
Days Payable 185.32 231.48 38.57 208.18 72.22 15.73 247.38 134.08 192.78 301.60 290.49
Cash Conversion Cycle 190.26 102.01 62.96 80.51 140.19 87.48 84.06 71.24 121.24 132.83 231.44 810.66
Working Capital Days 81.97 113.49 86.61 73.87 153.00 91.18 82.37 96.45 140.81 155.41 289.91 727.65
ROCE % 12.33% 6.17% 7.85% 7.69% 3.47% 4.34% 3.24% 8.46% 20.13% 17.86% 12.19% 2.70%

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

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