Emkay Taps & Cutting Tools Ltd

Emkay Taps & Cutting Tools Ltd

₹ 640 -2.59%
21 Feb 3:32 p.m.
About

Emkay Taps & Cutting Tools Ltd (ETCT) is engaged in making threads tools (HSS Taps) and selling under 'Emkay' brand. Organizational functioning -Manufacturing – Cutting Tools (Metal cutting machine tools) - catering to the needs of automobile and auto- ancillary industry, electrical fittings industry, defense components along with Aerospace and general engineering industry requirements covering major sectors of Engineering and Capital Goods Industry in broader sense.

Key Points

Types of Taps & Tools:-
The varieties of taps offered by it include HI Performance Thread Forming Taps, HI-Performance Spiral Fluted Taps, HI-Performance Spiral Pointed Taps, HI-Performance Taps for Cast Iron Tapping, HI-Performance Special Taps, PM Taps, Carbide Taps, Special Designed Roll Taps, Through Coolant Taps (T.C.H), Special Geometry, Spiral Fluted Taps, Special Geometry, Spiral Pointed Taps, Taps With Special Coatings among others are widely used in several critical auto components, ensuring the right product for each customer specific production requirement and timely deliveries has given ETCT a competitive advantage in this high-precision industry.

  • Market Cap 683 Cr.
  • Current Price 640
  • High / Low 750 / 265
  • Stock P/E 12.2
  • Book Value 241
  • Dividend Yield 0.00 %
  • ROCE 20.5 %
  • ROE 16.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.29.6 Cr.

* 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: Engineering Industry: Engineering

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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
27 23 20 36 33 38 45 44 49
15 16 13 20 18 19 21 24 25
Operating Profit 12 8 6 17 15 19 24 20 24
OPM % 46% 34% 32% 46% 46% 49% 53% 45% 49%
1 1 3 7 9 5 3 13 17
Interest 0 0 0 0 0 0 0 0 0
Depreciation 1 2 2 2 2 2 2 2 1
Profit before tax 12 7 7 22 23 21 25 31 39
Tax % 29% 15% 18% 18% 18% 22% 24% 21% 21%
8 6 6 18 19 17 19 25 31
EPS in Rs 7.81 5.49 5.68 16.65 17.43 15.61 18.05 23.30 28.93
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
35 31 30 44 49 53 56 64 51 56 71 89 93
21 21 18 27 32 34 33 35 30 33 37 45 49
Operating Profit 13 10 11 17 17 19 23 29 20 23 34 43 44
OPM % 38% 31% 38% 38% 34% 36% 41% 45% 40% 41% 48% 49% 47%
1 1 0 2 5 2 6 -13 1 9 14 16 30
Interest 1 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 3 3 2 3 3 3 3 3 3 3 3
Profit before tax 11 7 9 16 19 18 25 13 19 29 44 57 71
Tax % 25% 32% 36% 34% 26% 33% 22% 59% 24% 18% 20% 22%
8 5 6 11 14 12 20 5 14 24 35 44 56
EPS in Rs 16.37 9.65 11.25 10.13 13.13 11.07 18.59 4.94 13.31 22.33 33.04 41.35 52.23
Dividend Payout % 0% 0% 0% 0% 0% 0% 3% 10% 3% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 20%
TTM: 13%
Compounded Profit Growth
10 Years: 21%
5 Years: 10%
3 Years: 33%
TTM: 55%
Stock Price CAGR
10 Years: %
5 Years: 38%
3 Years: 71%
1 Year: 118%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 15%
Last Year: 16%

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 1 1 1 2 2 2 2 11 11 11 11 11 11
Reserves 38 43 49 56 71 83 102 98 111 135 170 215 246
5 2 2 2 2 5 4 3 3 0 3 6 4
7 6 7 7 6 8 10 17 11 13 19 25 20
Total Liabilities 51 51 58 67 81 97 118 128 136 159 203 257 281
19 18 16 14 16 18 17 17 21 19 19 16 15
CWIP 0 0 0 0 0 1 0 1 0 0 0 0 0
Investments 14 16 24 31 36 49 71 65 78 99 144 187 210
18 17 18 22 28 30 30 44 37 41 40 53 55
Total Assets 51 51 58 67 81 97 118 128 136 159 203 257 281

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
9 8 8 8 5 12 19 14 18 15 32 25
-7 -4 -8 -4 -6 -15 -17 -11 -17 -12 -35 -28
-3 -4 0 -3 0 2 -2 -2 -1 -3 3 2
Net Cash Flow -1 1 0 1 -0 -1 0 0 -0 -1 0 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 82 81 91 79 82 92 99 94 100 117 90 81
Inventory Days 295 307 484 612 546 827 605 681 635 194 417 518
Days Payable 77 58 84 150 81 146 211 173 98 85 157 155
Cash Conversion Cycle 300 330 491 541 548 773 493 602 637 226 350 443
Working Capital Days 143 149 154 127 161 158 134 157 183 181 107 112
ROCE % 29% 17% 19% 30% 29% 22% 27% 12% 16% 16% 19% 21%

Shareholding Pattern

Numbers in percentages

Sep 2017Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
74.82% 74.55% 74.55% 74.55% 74.57% 74.57% 74.57% 74.57% 74.99% 74.99% 74.99% 74.99%
25.19% 25.45% 25.46% 25.46% 25.44% 25.43% 25.43% 25.44% 25.01% 25.01% 25.01% 25.01%
No. of Shareholders 999394928710696107135145159225

Documents