Foseco India Ltd

About [ edit ]

Foseco India is engaged in the manufacture of products used in the metallurgical industry.

  • Market Cap 780 Cr.
  • Current Price 1,220
  • High / Low 1,500 / 820
  • Stock P/E 50.5
  • Book Value 268
  • Dividend Yield 1.23 %
  • ROCE 12.3 %
  • ROE 9.01 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 52.73%

Cons

  • The company has delivered a poor sales growth of -2.98% over past five years.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
93.61 88.29 91.09 89.16 84.16 86.32 78.93 73.32 72.28 27.65 68.95 82.27
80.96 75.03 77.55 77.92 71.21 72.87 67.61 64.60 63.96 32.29 61.36 72.86
Operating Profit 12.65 13.26 13.54 11.24 12.95 13.45 11.32 8.72 8.32 -4.64 7.59 9.41
OPM % 13.51% 15.02% 14.86% 12.61% 15.39% 15.58% 14.34% 11.89% 11.51% -16.78% 11.01% 11.44%
Other Income 0.93 1.09 0.92 1.19 1.36 1.91 1.98 2.36 1.34 2.29 0.89 1.80
Interest 0.08 0.11 0.01 0.01 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Depreciation 1.17 1.17 1.17 1.02 0.97 1.00 1.09 1.14 1.45 1.45 1.58 1.44
Profit before tax 12.33 13.07 13.28 11.40 13.34 14.36 12.21 9.94 8.21 -3.80 6.90 9.77
Tax % 35.60% 35.50% 34.79% 38.42% 35.31% 35.52% 16.38% 35.41% 26.07% 23.16% 26.52% 26.41%
Net Profit 7.93 8.43 8.65 7.02 8.63 9.26 10.22 6.42 6.08 -2.92 5.08 7.19
EPS in Rs 12.42 13.20 13.54 10.99 13.51 14.50 16.00 10.05 9.52 -4.57 7.95 11.26
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
125 186 233 247 227 263 292 340 358 362 323 251
106 157 193 211 196 224 241 285 306 312 276 230
Operating Profit 20 29 40 36 31 39 51 55 51 51 46 21
OPM % 16% 16% 17% 15% 13% 15% 17% 16% 14% 14% 14% 8%
Other Income 3 4 2 2 2 3 2 2 3 4 8 6
Interest 0 0 0 1 0 0 0 1 0 0 0 -0
Depreciation 4 4 4 5 5 5 5 5 5 5 4 6
Profit before tax 19 29 37 32 27 38 48 51 48 50 50 21
Tax % 34% 33% 32% 32% 34% 35% 34% 36% 34% 36% 30% 27%
Net Profit 13 19 25 22 18 25 32 33 32 32 35 15
EPS in Rs 19.59 30.22 39.58 34.17 27.90 38.50 49.68 51.80 49.43 50.17 54.07 24.18
Dividend Payout % 46% 56% 46% 41% 88% 55% 53% 44% 51% 50% 46% 62%
Compounded Sales Growth
10 Years:3%
5 Years:-3%
3 Years:-11%
TTM:-22%
Compounded Profit Growth
10 Years:-2%
5 Years:-13%
3 Years:-21%
TTM:-55%
Stock Price CAGR
10 Years:11%
5 Years:2%
3 Years:-9%
1 Year:-4%
Return on Equity
10 Years:23%
5 Years:20%
3 Years:17%
Last Year:9%

Balance Sheet

Figures in Rs. Crores

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
6 6 6 6 6 6 6 6 6 6 6
Reserves 53 60 72 83 83 91 103 118 139 150 165
Borrowings 11 11 11 10 8 6 4 2 1 -0 -0
31 45 44 42 50 48 50 57 75 82 77
Total Liabilities 102 122 133 141 147 152 163 183 221 238 249
26 26 26 31 28 26 26 26 23 20 34
CWIP 1 0 2 -0 -0 1 1 0 1 6 2
Investments 0 0 0 0 0 0 -0 -0 -0 -0 -0
75 97 104 110 119 125 136 157 197 213 213
Total Assets 102 122 133 141 147 152 163 183 221 238 249

Cash Flows

Figures in Rs. Crores

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
21 13 12 20 22 25 17 32 66 47 47 30
-22 -2 -6 -7 -1 -1 -4 -6 2 -5 -9 -2
-3 -12 -15 -12 -14 -22 -25 -20 -17 -22 -19 -3
Net Cash Flow -3 -1 -9 1 7 2 -12 6 51 21 19 25

Ratios

Figures in Rs. Crores

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
ROCE % 28% 40% 45% 35% 29% 38% 45% 44% 36% 33% 30%
Debtor Days 103 102 100 99 103 101 113 107 103 88 82
Inventory Turnover 10.00 12.61 13.74 16.84 13.35 12.79 11.53 11.58 12.22 11.79 9.23

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98
0.09 0.08 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.00 0.00
0.00 0.02 0.01 0.01 0.02 0.02 0.02 0.02 0.01 0.02 0.00 0.00
0.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
24.55 24.92 24.94 24.94 24.94 24.94 24.94 24.94 24.94 24.94 25.01 25.01

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