Foseco India Ltd

Foseco India Ltd

₹ 2,763 1.49%
31 May - close price
About

Incorporated in 1958, Foseco India Limited is engaged in the manufacture of products used in the metallurgical industry which are in the nature of additives and consumables that improve the physical properties and performance of castings. [1]

Key Points

Products and Services
Foseco is a leading supplier of consumable products, solutions and associated services in various areas of the foundry process. The Co’s key products and services include Industrial Dry Powders, Coating Products, Resin Products, Ceramic Filters and Exothermic Sleeves. [1][2][3]

  • Market Cap 1,769 Cr.
  • Current Price 2,763
  • High / Low 2,786 / 1,400
  • Stock P/E 36.9
  • Book Value 374
  • Dividend Yield 0.90 %
  • ROCE 27.7 %
  • ROE 20.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 55.5%

Cons

  • Stock is trading at 7.38 times its book value
  • The company has delivered a poor sales growth of 2.61% over past five 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
72 28 69 82 89 75 87 87 99 100 103 106 111
64 32 61 73 76 68 75 76 83 85 88 88 95
Operating Profit 8 -5 8 9 13 7 12 12 15 14 15 18 15
OPM % 12% -17% 11% 11% 14% 9% 14% 13% 15% 14% 15% 17% 14%
1 2 1 2 1 3 1 1 2 1 2 2 5
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 2 1 1 1 2 2 2 2 2 4 2
Profit before tax 8 -4 7 10 12 9 12 11 16 14 15 16 19
Tax % 26% 23% 27% 26% 23% 26% 25% 26% 24% 26% 26% 25% 26%
Net Profit 6 -3 5 7 9 6 9 8 12 11 11 12 14
EPS in Rs 9.52 -4.57 7.95 11.26 14.51 9.88 14.06 12.70 19.13 16.53 17.11 19.20 22.30
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 TTM
233 247 227 263 292 340 358 362 323 251 338 407 419
193 211 196 224 241 285 306 312 276 230 294 343 356
Operating Profit 40 36 31 39 51 55 51 51 46 21 44 63 63
OPM % 17% 15% 13% 15% 17% 16% 14% 14% 14% 8% 13% 16% 15%
2 2 2 3 2 2 3 4 8 6 6 7 10
Interest 0 1 0 0 0 1 0 0 0 0 0 0 0
Depreciation 4 5 5 5 5 5 5 5 4 6 6 9 9
Profit before tax 37 32 27 38 48 51 48 50 50 21 43 61 64
Tax % 32% 32% 34% 35% 34% 36% 34% 36% 30% 27% 25% 25%
Net Profit 25 22 18 25 32 33 32 32 35 15 33 46 48
EPS in Rs 39.58 34.17 27.90 38.50 49.68 51.80 49.43 50.17 54.07 24.18 51.15 71.98 75.14
Dividend Payout % 46% 41% 88% 55% 53% 44% 51% 50% 46% 62% 49% 56%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: 8%
TTM: 20%
Compounded Profit Growth
10 Years: 8%
5 Years: 8%
3 Years: 10%
TTM: 35%
Stock Price CAGR
10 Years: 19%
5 Years: 14%
3 Years: 40%
1 Year: 76%
Return on Equity
10 Years: 21%
5 Years: 18%
3 Years: 16%
Last Year: 21%

Balance Sheet

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
6 6 6 6 6 6 6 6 6 6 6 6
Reserves 72 83 83 91 103 118 139 150 165 176 202 233
11 10 8 6 4 2 1 0 0 0 0 0
44 42 50 48 50 57 75 82 77 80 86 106
Total Liabilities 133 141 147 152 163 183 221 238 249 263 294 345
26 31 28 26 26 26 23 20 34 31 35 31
CWIP 2 0 0 1 1 0 1 6 2 5 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
104 110 119 125 136 157 197 213 213 227 259 313
Total Assets 133 141 147 152 163 183 221 238 249 263 294 345

Cash Flows

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
12 20 22 25 17 32 66 47 47 30 20 59
-6 -7 -1 -1 -4 -6 2 -5 -9 -2 -0 -3
-15 -12 -14 -22 -25 -20 -17 -22 -19 -3 -6 -16
Net Cash Flow -9 1 7 2 -12 6 51 21 19 25 13 40

Ratios

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
Debtor Days 100 99 103 101 113 107 103 88 82 94 80 76
Inventory Days 25 23 32 32 35 35 29 36 39 32 43 32
Days Payable 86 77 86 73 80 81 109 111 130 173 136 139
Cash Conversion Cycle 38 45 49 60 68 61 23 12 -8 -46 -13 -31
Working Capital Days 56 54 49 56 72 70 45 31 20 3 21 11
ROCE % 45% 35% 29% 38% 45% 44% 36% 33% 30% 12% 22% 28%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98
0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.07 0.09 0.18
0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02
24.94 25.01 25.01 25.01 25.01 25.01 25.01 25.01 24.97 24.94 24.92 24.82

* 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.

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