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

₹ 6.88 -3.10%
09 Jun 1:42 p.m.
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 ₹ 128 Cr.
  • Current Price ₹ 6.88
  • High / Low ₹ 10.4 / 6.05
  • Stock P/E
  • Book Value ₹ 12.7
  • Dividend Yield 0.00 %
  • ROCE -11.0 %
  • ROE -13.8 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.55 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 -13.2% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.3.10 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

Consolidated Figures in Rs. Crores / View Standalone

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
5 1 2 4 6 1 7 2 6 6 6 7 5
4 2 3 3 4 2 5 4 6 5 5 5 5
Operating Profit 1 -1 -1 1 2 -1 2 -2 0 1 1 1 -1
OPM % 27% -87% -46% 17% 37% -93% 31% -79% 6% 23% 19% 20% -21%
4 0 0 0 0 0 0 0 1 0 2 1 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 10 10 11 11 10 10 11 10 10 10 11 10 10
Profit before tax -5 -11 -11 -10 -8 -11 -8 -12 -10 -9 -8 -8 -10
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit -5 -11 -11 -10 -8 -11 -8 -12 -10 -9 -8 -8 -10
EPS in Rs -0.27 -0.60 -0.61 -0.52 -0.42 -0.61 -0.44 -0.65 -0.51 -0.47 -0.42 -0.45 -0.54
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
95 108 118 123 130 87 16 20 25 13 16 24
27 34 32 37 37 42 26 25 18 12 16 21
Operating Profit 68 73 86 87 93 45 -9 -5 7 1 -0 3
OPM % 72% 68% 73% 70% 71% 52% -58% -24% 27% 10% -2% 13%
6 7 6 8 3 2 1 0 5 1 1 3
Interest 16 13 9 8 3 6 7 8 0 0 0 0
Depreciation 5 2 2 2 32 38 42 43 42 42 42 41
Profit before tax 54 66 81 84 61 3 -57 -56 -30 -40 -41 -35
Tax % 15% 36% 34% 5% -60% 34% -1% 36% 0% 0% 0% 0%
Net Profit 46 42 54 80 98 2 -58 -36 -30 -40 -41 -35
EPS in Rs 2.45 2.25 2.90 4.28 5.24 0.12 -3.11 -1.93 -1.63 -2.14 -2.22 -1.89
Dividend Payout % 41% 44% 86% 70% 57% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -14%
5 Years: 8%
3 Years: -1%
TTM: 47%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: -6%
TTM: 15%
Stock Price CAGR
10 Years: -11%
5 Years: -7%
3 Years: 16%
1 Year: -12%
Return on Equity
10 Years: 0%
5 Years: -11%
3 Years: -13%
Last Year: -14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 282 302 302 314 322 290 232 197 166 126 85 50
109 77 25 0 42 55 62 68 67 67 67 67
68 107 137 157 84 61 76 64 62 65 66 79
Total Liabilities 645 672 649 658 634 593 557 515 481 444 404 382
577 576 574 572 553 518 497 466 424 382 341 300
CWIP 0 0 0 0 0 21 9 0 0 0 0 0
Investments 35 52 6 0 22 0 0 0 0 0 0 0
32 44 69 85 59 54 50 49 57 62 62 82
Total Assets 645 672 649 658 634 593 557 515 481 444 404 382

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 69 71 33 -3 1 10 -1 3 24
-0 -1 -0 -1 -13 -32 2 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 -26 -1 1 1 -2 1 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 4 6 4 4 10 22 162 128 88 304 185 15
Inventory Days
Days Payable
Cash Conversion Cycle 4 6 4 4 10 22 162 128 88 304 185 15
Working Capital Days -267 -350 -169 -181 -119 -57 -482 -1,040 -804 -909 -775 -663
ROCE % 11% 13% 16% 18% 12% 2% -10% -10% -7% -10% -11% -11%

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
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 4.08 3.28 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 64.18 64.99 66.60 66.60 66.60 66.60 66.60 66.60 66.60

* 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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