Noida Toll Bridge Company Ltd
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]
- 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
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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Circular No. CIR/CFD/CMD1/27/2019 dated February 8, 2019 please find enclosed the Annual Secretarial Compliance Report for the Financial Year ended March 31, 2023.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 May - Company had duly published the Audited Financial Results for the Quarter and Financial Year ended March 31, 2023 in the following Newspapers on May 25, …
- Disclosure Of Related Party Transactions For The Half Year Ended March 31, 2023 24 May
- Board Meeting Outcome for Outcome Of The Board Meeting Held On May 24, 2023 24 May
- Board Meeting Intimation for Notice Of The Meeting Of The Board Of The Company Pursuant To SEBI (LODR) Regulations, 2015 17 May
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
from nse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
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Financial Year 2010
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Financial Year 2010
from nse
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]