Geecee Ventures Ltd

Geecee Ventures Ltd

₹ 256 0.04%
28 Mar - close price
About

Geecee Ventures Ltd is engaged in the business of real estate development, power generation and financing & investing activities.[1]

Key Points

Real Estate Division
In FY20, the company had completed and handed over its first project "Cloud-36" to the society. It also received Occupancy certificate for the phase I of its project "The Mist" and was in process of handing over its flats to the buyers.
The construction activity at Karjat - "The Mist" - Phase II and "GeeCee Aspira 206" was disrupted due to the Covid that started at the end of FY20.
It also acquired new land parcel at Chembur, Eastern Mumbai for a new real estate project and all the permissions from various authorities with regards to construction activities have been procured.[1]

  • Market Cap 534 Cr.
  • Current Price 256
  • High / Low 349 / 121
  • Stock P/E 83.8
  • Book Value 268
  • Dividend Yield 0.78 %
  • ROCE 2.36 %
  • ROE 1.88 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.95 times its book value

Cons

  • The company has delivered a poor sales growth of -27.3% over past five years.
  • Company has a low return on equity of 2.81% over last 3 years.
  • Working capital days have increased from 1,193 days to 1,993 days

* 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

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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
14.81 15.98 8.34 10.24 66.77 7.78 12.35 27.94 7.24 4.33 10.40 8.40 12.88
9.81 9.34 4.64 5.36 53.56 4.82 5.66 9.27 4.99 19.18 3.81 3.30 3.32
Operating Profit 5.00 6.64 3.70 4.88 13.21 2.96 6.69 18.67 2.25 -14.85 6.59 5.10 9.56
OPM % 33.76% 41.55% 44.36% 47.66% 19.78% 38.05% 54.17% 66.82% 31.08% -342.96% 63.37% 60.71% 74.22%
0.32 0.24 0.03 0.13 0.54 0.09 0.01 0.01 0.01 1.04 0.05 0.01 0.02
Interest 0.00 0.00 0.00 0.00 0.00 0.01 0.11 0.08 0.01 0.01 0.01 0.03 0.01
Depreciation 0.38 0.36 0.39 0.36 0.37 0.36 0.37 0.37 0.38 0.36 0.37 0.43 0.46
Profit before tax 4.94 6.52 3.34 4.65 13.38 2.68 6.22 18.23 1.87 -14.18 6.26 4.65 9.11
Tax % 27.33% 23.47% 26.35% 24.30% 23.99% 21.27% 18.01% 18.16% 15.51% 17.00% 18.85% 6.24% 4.39%
3.59 4.98 2.45 3.52 10.17 2.10 5.11 14.91 1.58 -11.78 5.08 4.37 8.71
EPS in Rs 1.72 2.38 1.17 1.68 4.86 1.00 2.44 7.13 0.76 -5.63 2.43 2.09 4.17
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
13.04 12.94 14.43 43.42 144.19 93.94 184.65 146.99 42.67 41.69 93.13 37.61 36.01
8.10 6.56 5.87 36.34 110.36 62.99 152.98 107.33 23.13 25.66 68.37 24.84 29.61
Operating Profit 4.94 6.38 8.56 7.08 33.83 30.95 31.67 39.66 19.54 16.03 24.76 12.77 6.40
OPM % 37.88% 49.30% 59.32% 16.31% 23.46% 32.95% 17.15% 26.98% 45.79% 38.45% 26.59% 33.95% 17.77%
34.58 4.81 2.22 7.69 6.48 3.13 0.78 5.93 0.84 2.28 0.78 1.06 1.12
Interest 0.14 0.12 0.00 0.02 0.05 0.12 0.02 0.02 0.00 0.00 0.01 0.21 0.06
Depreciation 1.84 1.78 1.77 1.82 1.62 1.50 1.41 1.47 1.53 1.50 1.49 1.49 1.62
Profit before tax 37.54 9.29 9.01 12.93 38.64 32.46 31.02 44.10 18.85 16.81 24.04 12.13 5.84
Tax % 7.43% 32.51% 28.63% 3.17% 5.43% 10.17% 3.03% 20.41% 19.47% 25.04% 24.08% 19.04%
34.76 6.27 6.42 12.52 36.54 29.17 30.08 35.10 15.19 12.60 18.25 9.82 6.38
EPS in Rs 17.14 3.30 3.37 6.58 16.82 13.43 13.84 16.16 7.26 6.03 8.73 4.70 3.06
Dividend Payout % 8.75% 45.53% 44.46% 22.80% 8.92% 0.00% 10.84% 0.00% 0.00% 31.53% 0.00% 42.59%
Compounded Sales Growth
10 Years: 11%
5 Years: -27%
3 Years: -4%
TTM: -35%
Compounded Profit Growth
10 Years: 5%
5 Years: -20%
3 Years: -14%
TTM: -73%
Stock Price CAGR
10 Years: 25%
5 Years: 16%
3 Years: 36%
1 Year: 106%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 3%
Last Year: 2%

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 20.28 19.03 19.03 19.03 21.73 21.73 21.73 21.73 20.91 20.91 20.91 20.91 20.91
Reserves 259.67 258.08 261.17 269.74 309.38 342.72 372.61 415.68 393.06 441.35 490.69 511.44 539.14
0.03 0.00 0.00 0.07 0.14 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00
22.88 23.48 33.10 72.66 49.29 38.54 30.99 27.12 30.03 54.99 29.60 55.15 86.75
Total Liabilities 302.86 300.59 313.30 361.50 380.54 403.05 425.33 464.53 444.00 517.25 541.20 587.50 646.80
29.56 27.53 26.93 26.63 24.94 24.88 22.68 20.79 18.94 17.67 16.45 15.93 17.11
CWIP 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
Investments 50.31 42.56 39.33 32.39 55.07 183.48 238.45 318.81 149.34 361.90 292.85 285.78 305.55
222.99 230.50 247.04 302.48 300.53 194.69 164.20 124.93 275.72 137.68 231.90 285.79 324.14
Total Assets 302.86 300.59 313.30 361.50 380.54 403.05 425.33 464.53 444.00 517.25 541.20 587.50 646.80

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
-0.56 -84.76 35.74 26.50 4.61 -138.57 -17.70 1.15 151.05 -85.86 0.00 0.00
29.70 12.07 10.11 23.02 -1.09 11.14 23.19 -3.13 1.02 -56.27 0.00 0.00
-5.21 -9.25 -3.35 -0.89 -0.04 -0.06 -3.92 0.00 -11.32 0.00 0.00 0.00
Net Cash Flow 23.93 -81.94 42.50 48.63 3.48 -127.49 1.56 -1.99 140.75 -142.13 0.00 0.00

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 24.35 11.28 6.32 6.89 49.94 126.94 60.69 19.57 33.02 44.74 6.55 13.30
Inventory Days 7,590.10 401.92 967.56 255.38 318.72 2,903.07 2,343.55 1,367.26 6,569.45
Days Payable 130.24 15.89 33.31 20.14 52.25 291.90 219.39 48.06 59.87
Cash Conversion Cycle 24.35 11.28 6.32 7,466.76 435.98 1,061.19 295.93 286.04 2,644.19 2,168.90 1,325.75 6,522.88
Working Capital Days 2,379.78 5,037.23 3,003.47 824.49 296.37 596.77 251.83 241.56 874.73 753.81 833.51 1,992.70
ROCE % 5.82% 3.18% 3.23% 2.79% 11.01% 9.37% 8.23% 9.54% 4.43% 3.84% 4.93% 2.36%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
67.71% 67.71% 67.71% 67.71% 67.71% 67.71% 67.72% 67.72% 67.72% 67.72% 67.72% 67.72%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.03% 0.00% 0.01% 0.00% 0.01%
32.29% 32.29% 32.29% 32.29% 32.29% 32.29% 32.26% 32.26% 32.29% 32.28% 32.29% 32.27%
No. of Shareholders 7,5077,7638,3728,3299,6099,0578,8458,3328,1497,7117,7187,362

* 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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