Coromandel Engineering Company Ltd

Coromandel Engineering Company Ltd

₹ 55.0 4.98%
26 Mar - close price
About

Incorporated in 1947, Coromandel Engineering Company Ltd is in the business of Construction and Property Development[1]

Key Points

Business Overview:[1][2]
CECL is a part of Murugappa Group. It is in the business of Construction & Property Development and was the first to introduce pre-engineered metal building system in India. Company has expertise in building plants for Cement, Power, Sugar & automobile sectors and has built landmark buildings like LIC Building in Anna Salai, Hotel Chola Sheraton and Premium Apartments across Chennai, Hotel Holiday Inn and Windsor Manor in Bangalore

  • Market Cap 183 Cr.
  • Current Price 55.0
  • High / Low 60.2 / 27.5
  • Stock P/E
  • Book Value 1.41
  • Dividend Yield 0.00 %
  • ROCE -5.49 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 38.9 times its book value
  • Company has low interest coverage ratio.

* 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

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
35.49 41.05 26.59 31.17 34.15 41.10 36.34 36.05 28.02 26.09 22.94 28.05 21.59
35.53 39.64 27.15 32.11 33.80 40.16 35.96 35.55 27.79 26.65 23.47 28.10 21.25
Operating Profit -0.04 1.41 -0.56 -0.94 0.35 0.94 0.38 0.50 0.23 -0.56 -0.53 -0.05 0.34
OPM % -0.11% 3.43% -2.11% -3.02% 1.02% 2.29% 1.05% 1.39% 0.82% -2.15% -2.31% -0.18% 1.57%
0.01 3.08 0.04 0.00 0.00 1.99 0.00 0.00 0.01 2.02 0.21 0.00 0.03
Interest 1.66 1.56 1.32 1.21 1.17 1.02 1.10 1.00 1.08 1.03 0.89 0.61 0.69
Depreciation 0.72 0.71 0.67 0.68 0.67 0.72 0.54 0.55 0.58 0.57 0.39 0.40 0.42
Profit before tax -2.41 2.22 -2.51 -2.83 -1.49 1.19 -1.26 -1.05 -1.42 -0.14 -1.60 -1.06 -0.74
Tax % -12.03% -13.96% -1.59% -1.41% -2.68% 185.71% -7.94% -9.52% -7.04% -242.86% 0.00% -47.17% -44.59%
-2.69 2.53 -2.54 -2.87 -1.53 -1.02 -1.37 -1.15 -1.52 -0.48 -1.60 -1.57 -1.07
EPS in Rs -0.81 0.76 -0.76 -0.86 -0.46 -0.31 -0.41 -0.35 -0.46 -0.14 -0.48 -0.47 -0.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
170.46 216.40 199.25 230.39 122.21 31.34 32.50 45.72 57.67 108.51 133.00 126.51 98.67
190.61 210.53 195.76 205.10 110.46 32.36 36.98 48.04 59.00 109.63 133.20 125.95 99.47
Operating Profit -20.15 5.87 3.49 25.29 11.75 -1.02 -4.48 -2.32 -1.33 -1.12 -0.20 0.56 -0.80
OPM % -11.82% 2.71% 1.75% 10.98% 9.61% -3.25% -13.78% -5.07% -2.31% -1.03% -0.15% 0.44% -0.81%
0.76 0.88 1.07 0.18 1.77 0.71 0.84 0.78 5.38 3.14 2.02 2.03 2.26
Interest 11.49 11.28 14.76 20.04 8.47 3.65 3.59 6.36 6.64 6.49 4.72 4.22 3.22
Depreciation 1.61 2.15 2.23 4.89 4.36 3.90 3.68 3.56 3.35 2.94 2.74 2.23 1.78
Profit before tax -32.49 -6.68 -12.43 0.54 0.69 -7.86 -10.91 -11.46 -5.94 -7.41 -5.64 -3.86 -3.54
Tax % 33.98% 18.56% 28.56% -109.26% 42.03% 2.29% -15.22% -3.14% 21.55% -7.69% -41.13% -17.10%
-21.45 -5.44 -8.88 1.12 0.40 -7.68 -12.57 -11.82 -4.66 -7.98 -7.97 -4.51 -4.72
EPS in Rs -6.44 -1.63 -2.67 0.34 0.12 -2.31 -3.78 -3.56 -1.40 -2.40 -2.40 -1.36 -1.41
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: -5%
5 Years: 31%
3 Years: 30%
TTM: -30%
Compounded Profit Growth
10 Years: -2%
5 Years: 8%
3 Years: 1%
TTM: -36%
Stock Price CAGR
10 Years: 4%
5 Years: 14%
3 Years: 28%
1 Year: 91%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3.29 3.29 33.23 33.23 33.23 33.23 33.23 33.23 33.23 33.23 33.23 33.23 33.23
Reserves -5.60 -11.04 3.13 3.84 4.24 -4.02 -16.55 -28.45 -33.16 -41.09 -49.20 -53.72 -28.53
Preference Capital 25.00 25.00 7.00 7.00 7.00 0.00 7.00 7.00 28.36 28.36 28.36 28.36
67.70 85.06 100.29 70.74 25.03 36.22 52.05 53.60 38.35 30.93 14.32 24.42 26.72
128.61 174.18 170.99 98.42 46.19 24.36 32.00 33.29 57.88 64.93 73.12 70.03 44.99
Total Liabilities 194.00 251.49 307.64 206.23 108.69 89.79 100.73 91.67 96.30 88.00 71.47 73.96 76.41
24.23 30.20 35.39 29.31 24.56 20.66 16.88 13.43 10.14 7.26 4.92 3.36 2.87
CWIP 0.00 0.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.00
Investments 0.05 0.05 0.05 0.05 0.05 0.18 0.19 0.15 0.15 0.15 0.00 0.00 0.00
169.72 221.07 272.20 176.87 84.08 68.95 83.66 78.09 86.01 80.59 66.55 70.49 73.54
Total Assets 194.00 251.49 307.64 206.23 108.69 89.79 100.73 91.67 96.30 88.00 71.47 73.96 76.41

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6.75 3.58 -25.31 60.20 19.30 -1.08 -19.90 3.79 -1.53 10.82 19.71 -7.14
-7.64 -8.24 -6.85 0.07 0.29 0.07 0.19 0.51 2.07 3.06 1.60 1.26
2.89 4.91 32.51 -60.92 -19.73 1.02 19.70 -4.29 -0.51 -13.90 -21.33 5.89
Net Cash Flow 2.00 0.25 0.35 -0.64 -0.13 0.01 0.00 0.01 0.03 -0.02 -0.02 0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 101.35 79.61 97.66 76.17 73.59 235.14 105.12 67.94 100.63 68.96 59.14 56.43
Inventory Days 140.88 181.77 246.86 243.08 64.88 478.72 1,184.35 627.57 507.06 175.08 104.00 97.77
Days Payable 76.15 150.15 171.87 103.45 101.02 556.10 228.80 186.05 121.46 122.36 134.49 129.64
Cash Conversion Cycle 166.08 111.24 172.65 215.80 37.45 157.77 1,060.67 509.46 486.24 121.67 28.65 24.56
Working Capital Days 49.29 45.32 94.05 42.59 71.29 303.86 436.09 262.97 250.76 85.91 18.25 42.24
ROCE % -23.02% 4.73% 1.91% 16.44% 9.92% -6.27% -10.31% -7.23% -2.13% -6.72% -7.42% -5.49%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.52% 74.52% 74.52% 74.52% 74.52% 74.52% 74.52% 74.52% 74.52% 74.52% 74.52% 74.52%
25.48% 25.48% 25.48% 25.48% 25.48% 25.48% 25.49% 25.49% 25.49% 25.49% 25.48% 25.49%
No. of Shareholders 3,5393,7383,7113,7163,6143,6043,5393,5353,5253,5173,6263,586

Documents