Cubex Tubings Ltd

Cubex Tubings Ltd

₹ 84.6 0.77%
21 Feb 4:01 p.m.
About

Incorporated in 1979, Cubex Tubings Ltd is
a manufacturer of copper and copper alloy products

Key Points

Business Overview:[1]
Company is a manufacturer of seamless
solid drawn Tubes, Rods, Bus bars and
Wires of copper and copper-based alloys
viz., Cupronickel, admiralty Brass, Aluminum Brass, etc. Copper, because of its high electrical conductivity and heat transfer characteristics, finds application in Tubes, Rods, Strips, and Wires

  • Market Cap 121 Cr.
  • Current Price 84.6
  • High / Low 88.2 / 24.2
  • Stock P/E 28.5
  • Book Value 46.9
  • Dividend Yield 0.00 %
  • ROCE 6.73 %
  • ROE 4.18 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 123 to 69.5 days.
  • Company's working capital requirements have reduced from 126 days to 92.0 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 3.49% over last 3 years.

* 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

Figures in Rs. Crores

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
20.04 20.27 24.77 35.23 33.39 42.29 34.00 46.38 53.02 59.55 50.45 64.72 57.10
19.42 18.31 23.89 34.25 32.45 40.54 32.93 45.11 51.47 57.00 48.82 62.13 54.83
Operating Profit 0.62 1.96 0.88 0.98 0.94 1.75 1.07 1.27 1.55 2.55 1.63 2.59 2.27
OPM % 3.09% 9.67% 3.55% 2.78% 2.82% 4.14% 3.15% 2.74% 2.92% 4.28% 3.23% 4.00% 3.98%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.12 0.22 0.14 0.22 0.16 0.18 0.11 0.20 0.27 0.33 0.31 0.38 0.45
Depreciation 0.33 0.39 0.34 0.35 0.34 0.35 0.34 0.34 0.34 0.37 0.35 0.33 0.34
Profit before tax 0.17 1.35 0.40 0.41 0.44 1.22 0.62 0.73 0.94 1.85 0.97 1.88 1.48
Tax % 11.76% 34.07% 7.50% -17.07% 11.36% 3.28% 30.65% 50.68% 37.23% 30.27% 32.99% 30.32% 31.08%
0.16 0.89 0.38 0.48 0.38 1.17 0.42 0.36 0.58 1.29 0.65 1.31 1.01
EPS in Rs 0.11 0.62 0.27 0.34 0.27 0.82 0.29 0.25 0.41 0.90 0.45 0.91 0.71
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
57 38 45 58 52 46 51 75 60 70 134 191 232
55 37 45 57 52 45 51 74 58 67 131 187 223
Operating Profit 2 1 -1 1 0 0 -0 1 1 3 3 5 9
OPM % 3% 2% -1% 1% 1% 0% -0% 1% 2% 4% 2% 2% 4%
0 1 3 1 2 2 2 2 1 1 2 2 0
Interest 0 0 0 0 0 0 0 1 0 1 1 1 1
Depreciation 1 2 2 2 2 1 1 1 1 1 1 1 1
Profit before tax 1 0 0 0 0 0 0 1 1 2 2 4 6
Tax % 48% 91% 55% 55% 36% 24% 20% 6% 43% 31% 2% 36%
0 0 0 0 0 0 0 1 0 1 2 3 4
EPS in Rs 0.29 0.02 0.10 0.13 0.21 0.24 0.27 0.46 0.30 0.93 1.69 1.85 2.97
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 30%
3 Years: 47%
TTM: 32%
Compounded Profit Growth
10 Years: 63%
5 Years: 47%
3 Years: 83%
TTM: 68%
Stock Price CAGR
10 Years: 33%
5 Years: 44%
3 Years: 73%
1 Year: 169%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 3%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

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 12 12 14 14 14 14 14 14 14 14 14 14 14
Reserves 42 42 42 42 42 43 43 44 44 45 48 50 53
6 5 6 5 4 5 7 6 5 1 10 13 13
4 4 4 6 6 7 10 15 15 25 24 20 22
Total Liabilities 63 64 66 67 67 68 75 79 79 86 96 97 102
22 24 22 20 19 18 17 15 17 15 16 15 15
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
41 39 44 47 48 51 58 64 62 71 80 82 87
Total Assets 63 64 66 67 67 68 75 79 79 86 96 97 102

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3 6 -2 3 2 2 4 -0 3 -0 -18 0
-8 -4 0 -0 -0 -0 -1 1 -3 -0 -0 0
9 -1 2 -2 -3 -1 -4 -1 -0 -1 0 -1
Net Cash Flow -2 1 -0 1 -1 1 -1 -0 1 -1 -18 -0

Ratios

Figures in Rs. Crores

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 141 156 173 131 172 203 178 185 174 183 116 69
Inventory Days 35 95 74 55 34 53 103 68 139 117 52 47
Days Payable 8 25 20 25 33 45 66 74 94 134 53 26
Cash Conversion Cycle 168 226 227 160 173 211 215 179 219 166 115 90
Working Capital Days 214 282 226 169 192 236 223 188 228 174 111 92
ROCE % 1% 1% 1% 1% 1% 1% 1% 2% 2% 4% 5% 7%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
44.42% 44.42% 44.42% 44.42% 44.42% 44.42% 44.42% 44.42% 44.42% 44.42% 44.42% 44.42%
0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.36% 0.32% 0.32% 0.32%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.18% 0.00% 0.04% 0.04% 0.04%
55.22% 55.22% 55.22% 55.22% 55.22% 55.22% 55.23% 55.08% 55.22% 55.22% 55.22% 55.22%
No. of Shareholders 7,6127,5658,1778,5718,9309,1109,3069,5179,4619,4439,4269,902

* 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.

Click on the line-items to see the names of individual entities.

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