Noida Toll Bridge Company Ltd

Noida Tollbridg. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Noida Toll Bridge Company Ltd

₹ 7.90 3.95%
04 Oct - close price
ntbcl.com BSE: 532481 NSE : NOIDATOLL
About

Noida Toll Bridge Company Ltd was promoted by IL&FS Ltd as a special purpose vehicle for teh implementation of Delhi Noida bridge project on a Build, Own, Operate and Transfer (BOOT) basis.
The Delhi Noida bridge (commonly known as the DND Flyway) was opened to traffic in 2001. It is an eight lane, 7.5 km tolled facility across the Yamuna River, connecting Noida to South Delhi. [1]

Key Points

Suspension of Collections
The local residents welfare (Federation of Noida Resident Welfare Associations- FONRWA) filed a PIL in 2012 in Allahabad High Court challenging the validity of the Concession agreement and seeking the same to be quashed.
The court in a judgment dated October 26, 2016 held that the two specific provisions relating to levy and collection of fee to be inoperative but refused to quash the Concession Agreement. Consequently, collection of user fee from the users of the NOIDA Bridge was suspended from October 26, 2016.
The Special Leave Petition (SLP) and the Arbitration matter are pending before the Supreme Court of India till date. [1]

Website BSE NSE
  • Market Cap ₹ 147 Cr.
  • Current Price ₹ 7.90
  • High / Low ₹ 9.00 / 5.71
  • Stock P/E
  • Book Value ₹ 12.7
  • Dividend Yield 0.00 %
  • ROCE -11.0 %
  • ROE -13.9 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.62 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.82% over past five years.
  • Promoter holding is low: 26.4%
  • Company has a low return on equity of -13.3% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.3.45 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: Infrastructure Developers & Operators Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
0.97 1.94 3.72 6.31 1.12 6.85 2.17 5.99 6.35 6.32 6.52 4.54 3.24
1.94 2.94 3.22 4.10 2.31 4.84 4.01 5.59 4.88 5.21 5.27 5.49 2.99
Operating Profit -0.97 -1.00 0.50 2.21 -1.19 2.01 -1.84 0.40 1.47 1.11 1.25 -0.95 0.25
OPM % -100.00% -51.55% 13.44% 35.02% -106.25% 29.34% -84.79% 6.68% 23.15% 17.56% 19.17% -20.93% 7.72%
0.17 0.15 0.17 0.17 0.15 0.20 0.16 0.57 0.16 1.58 0.66 0.69 0.52
Interest 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01
Depreciation 10.46 10.55 10.54 10.31 10.42 10.52 10.50 10.46 10.43 10.55 10.38 9.84 9.92
Profit before tax -11.26 -11.40 -9.87 -7.93 -11.46 -8.32 -12.19 -9.50 -8.81 -7.87 -8.48 -10.10 -9.16
Tax % 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%
-11.26 -11.40 -9.86 -7.93 -11.46 -8.32 -12.18 -9.51 -8.81 -7.87 -8.49 -10.11 -9.17
EPS in Rs -0.60 -0.61 -0.53 -0.43 -0.62 -0.45 -0.65 -0.51 -0.47 -0.42 -0.46 -0.54 -0.49
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
93 106 119 123 129 82 16 20 25 13 16 24 21
25 32 31 35 36 38 26 25 18 12 17 21 19
Operating Profit 68 74 88 88 93 44 -9 -5 6 1 -1 3 2
OPM % 73% 69% 74% 71% 72% 54% -57% -25% 25% 6% -4% 12% 8%
6 7 5 8 3 2 1 0 5 1 1 3 3
Interest 16 13 9 8 3 6 7 8 0 0 0 0 0
Depreciation 5 2 2 2 32 38 42 43 42 42 42 41 41
Profit before tax 53 66 82 85 61 3 -57 -56 -31 -40 -41 -35 -36
Tax % 15% 36% 33% 5% -60% 43% -1% 36% 0% 0% 0% 0%
45 42 55 81 98 2 -58 -36 -31 -40 -41 -35 -36
EPS in Rs 2.43 2.26 2.94 4.34 5.24 0.09 -3.10 -1.93 -1.67 -2.17 -2.23 -1.89 -1.91
Dividend Payout % 41% 44% 85% 69% 57% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -14%
5 Years: 8%
3 Years: -1%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: -5%
TTM: 8%
Stock Price CAGR
10 Years: -9%
5 Years: -1%
3 Years: 32%
1 Year: 2%
Return on Equity
10 Years: 0%
5 Years: -11%
3 Years: -13%
Last Year: -14%

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
186 186 186 186 186 186 186 186 186 186 186 186
Reserves 282 302 303 316 324 292 234 198 167 127 85 50
109 77 25 0 42 55 62 68 67 67 67 67
65 104 132 151 76 58 74 64 61 64 65 80
Total Liabilities 642 669 646 654 629 591 557 516 481 444 403 383
576 576 574 572 553 518 497 466 424 382 341 300
CWIP 0 0 0 0 0 21 9 0 0 0 0 0
Investments 36 52 6 0 22 0 0 0 0 0 0 0
30 42 66 81 54 52 50 50 57 62 62 82
Total Assets 642 669 646 654 629 591 557 516 481 444 403 383

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
72 70 75 68 71 34 -4 1 10 -1 2 24
0 -1 -0 -1 -13 -32 3 0 -9 -0 -2 -24
-57 -55 -116 -78 -38 -27 0 -0 -0 -0 -0 -0
Net Cash Flow 15 13 -41 -10 21 -25 -0 1 1 -1 1 0

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 3 5 4 4 11 32 162 128 88 304 185 15
Inventory Days
Days Payable
Cash Conversion Cycle 3 5 4 4 11 32 162 128 88 304 185 15
Working Capital Days -271 -353 -163 -173 -112 -53 -442 -1,008 -808 -893 -769 -648
ROCE % 11% 13% 16% 18% 12% 1% -10% -10% -7% -10% -12% -11%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37%
4.08% 4.08% 4.08% 3.28% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66%
5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37%
64.18% 64.18% 64.18% 64.99% 66.60% 66.60% 66.60% 66.60% 66.60% 66.60% 66.60% 66.59%
No. of Shareholders 63,40862,12160,57960,61959,89460,52561,48462,73561,11059,56359,12957,632

* 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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Documents

Announcements

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