Noida Toll Bridge Company Ltd

Noida Toll Bridge Company Ltd

₹ 12.1 -1.79%
24 Jun - close price
About

Incorporated in 1996, Noida Toll Bridge Company Ltd is set up to develop, establish, construct, operate and maintain a project relating to the construction of the Delhi
Noida Toll Bridge[1]

Key Points

Business Overview:[1][2]
a) NTBCL is promoted by Infrastructure Leasing and Financial Services Ltd as a special purpose vehicle to develop, construct, operate, and maintain the DND Flyway on a Build Own Operate Transfer basis
b) Operation and Maintenance of the
facility is a part of the Company’s day
to day functioning and is handled in-
house

  • Market Cap 225 Cr.
  • Current Price 12.1
  • High / Low 15.6 / 5.71
  • Stock P/E
  • Book Value 11.0
  • Dividend Yield 0.00 %
  • ROCE -11.0 %
  • ROE -14.4 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.10 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 78.4 to 35.2 days.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 26.4%
  • Company has a low return on equity of -14.1% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.3.13 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
6.31 1.12 6.85 2.17 5.99 6.35 6.32 6.52 4.54 3.24 3.54 4.09 9.97
3.98 2.16 4.73 3.89 5.66 4.89 5.13 5.21 5.48 3.02 3.96 3.47 6.64
Operating Profit 2.33 -1.04 2.12 -1.72 0.33 1.46 1.19 1.31 -0.94 0.22 -0.42 0.62 3.33
OPM % 36.93% -92.86% 30.95% -79.26% 5.51% 22.99% 18.83% 20.09% -20.70% 6.79% -11.86% 15.16% 33.40%
0.18 0.16 0.20 0.23 0.51 0.16 1.58 0.66 0.70 0.52 1.37 0.60 0.65
Interest 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.00
Depreciation 10.31 10.42 10.52 10.50 10.46 10.43 10.55 10.38 9.84 9.93 9.82 9.44 9.35
Profit before tax -7.80 -11.30 -8.21 -12.00 -9.63 -8.82 -7.79 -8.42 -10.08 -9.20 -8.87 -8.22 -5.37
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%
-7.80 -11.30 -8.22 -12.00 -9.63 -8.83 -7.79 -8.43 -10.09 -9.19 -8.87 -8.22 -5.37
EPS in Rs -0.42 -0.61 -0.44 -0.65 -0.51 -0.47 -0.42 -0.45 -0.54 -0.49 -0.48 -0.44 -0.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
108 118 123 130 87 16 20 25 13 16 24 21
34 32 37 37 42 26 25 18 12 16 21 17
Operating Profit 73 86 87 93 45 -9 -5 7 1 -0 3 4
OPM % 68% 73% 70% 71% 52% -58% -24% 27% 10% -2% 13% 18%
7 6 8 3 2 1 0 5 1 1 3 3
Interest 13 9 8 3 6 7 8 0 0 0 0 0
Depreciation 2 2 2 32 38 42 43 42 42 42 41 39
Profit before tax 66 81 84 61 3 -57 -56 -30 -40 -41 -35 -32
Tax % 36% 34% 5% -60% 34% -1% 36% 0% 0% 0% 0% 0%
42 54 80 98 2 -58 -36 -30 -40 -41 -35 -32
EPS in Rs 2.25 2.90 4.28 5.24 0.12 -3.11 -1.93 -1.63 -2.14 -2.22 -1.89 -1.70
Dividend Payout % 44% 86% 70% 57% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -16%
5 Years: 0%
3 Years: 17%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: 2%
3 Years: 6%
TTM: 10%
Stock Price CAGR
10 Years: -10%
5 Years: 28%
3 Years: 22%
1 Year: 79%
Return on Equity
10 Years: -3%
5 Years: -12%
3 Years: -14%
Last Year: -14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 186 186 186 186 186 186 186 186 186 186 186 186
Reserves 302 302 314 322 290 232 197 166 126 85 50 18
77 25 0 42 55 62 68 67 67 67 67 67
107 137 157 84 61 76 64 62 65 66 80 76
Total Liabilities 672 649 658 634 593 557 515 481 444 404 383 348
576 574 572 553 518 497 466 424 382 341 300 262
CWIP 0 0 0 0 21 9 0 0 0 0 0 0
Investments 52 6 0 22 0 0 0 0 0 0 0 0
44 69 85 59 54 50 49 57 62 62 83 86
Total Assets 672 649 658 634 593 557 515 481 444 404 383 348

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
70 75 69 71 33 -3 1 10 -1 3 24 -4
-1 -0 -1 -13 -32 2 0 -9 -0 -2 -24 3
-55 -116 -78 -38 -27 0 -0 -0 -0 -0 -0 -0
Net Cash Flow 13 -41 -10 21 -26 -1 1 1 -2 1 0 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 6 4 4 10 22 162 128 88 304 185 15 35
Inventory Days
Days Payable
Cash Conversion Cycle 6 4 4 10 22 162 128 88 304 185 15 35
Working Capital Days -350 -169 -181 -119 -57 -482 -1,040 -804 -909 -775 -650 -684
ROCE % 13% 16% 18% 12% 2% -10% -10% -7% -10% -11% -11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37% 26.37%
3.28% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 0.95% 0.71% 0.68%
5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37% 5.37%
64.99% 66.60% 66.60% 66.60% 66.60% 66.60% 66.60% 66.60% 66.59% 67.31% 67.55% 67.57%
No. of Shareholders 60,61959,89460,52561,48462,73561,11059,56359,12957,63257,72755,72755,234

* 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.

Click on the line-items to see the names of individual entities.

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