Omaxe Ltd

Omaxe Ltd

₹ 89.4 -3.09%
28 May - close price
About

Omaxe ltd. is in the business of developing real estate properties for residential, commercial and retail purposes with a presence across 27 cities in 8 states of India. It has undertaken various projects in the areas of contractual construction, township development, building of commercial complexes, multi-storied apartments, etc.
[1] [2]

Key Points

Project Portfolio and Execution
The Co.’s product portfolio consists of residential projects, integrated and hi-tech townships, office and commercial projects including malls, and others. It also provides construction contracting services. At the end of FY 2022-23, since inception, Omaxe had approximately delivered 132 Mn. Sq. Ft. (12.26 Mn. Sq. Mtr.) of developed areas across various project categories. During FY22, it delivered 2.75 million square feet. These deliveries encompassed projects located in various cities such as Chandigarh, Lucknow, Faridabad, Ludhiana, and Vrindavan.[1]

  • Market Cap 1,635 Cr.
  • Current Price 89.4
  • High / Low 122 / 42.0
  • Stock P/E
  • Book Value 52.6
  • Dividend Yield 0.00 %
  • ROCE -9.01 %
  • ROE -17.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -18.4% over past five years.
  • Company has a low return on equity of -12.9% over last 3 years.
  • Contingent liabilities of Rs.1,144 Cr.
  • Promoters have pledged 34.3% of their holding.
  • Company has high debtors of 199 days.
  • Company's cost of borrowing seems high

* 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
52 37 52 152 124 84 82 69 142 166 150 166 221
82 107 60 110 132 66 94 100 162 205 148 162 228
Operating Profit -30 -70 -8 42 -9 19 -12 -31 -19 -39 2 4 -7
OPM % -58% -191% -15% 28% -7% 22% -14% -45% -14% -24% 2% 3% -3%
2 23 2 3 2 3 1 2 5 5 4 1 2
Interest 39 23 26 28 21 28 26 27 26 26 28 26 29
Depreciation 9 23 14 15 4 6 15 14 14 13 12 9 13
Profit before tax -77 -93 -45 2 -33 -12 -51 -70 -54 -74 -34 -30 -46
Tax % 2% 74% 25% 25% 25% -58% 25% 21% 24% 21% 20% 20% 22%
-76 -25 -34 2 -24 -20 -38 -55 -42 -58 -27 -24 -36
EPS in Rs -4.15 -1.34 -1.86 0.09 -1.33 -1.07 -2.09 -3.03 -2.27 -3.17 -1.49 -1.31 -1.99
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
1,323 1,326 1,175 931 961 1,037 1,268 768 780 252 412 459 703
1,129 1,146 982 750 771 822 1,058 656 619 358 368 561 742
Operating Profit 194 181 194 181 190 214 210 113 160 -105 44 -101 -40
OPM % 15% 14% 16% 19% 20% 21% 17% 15% 21% -42% 11% -22% -6%
16 40 36 39 56 42 46 160 137 31 11 12 12
Interest 128 124 137 135 138 121 154 224 201 149 103 105 109
Depreciation 5 6 9 13 9 6 6 7 67 57 39 56 47
Profit before tax 77 91 84 72 98 129 96 42 29 -280 -88 -250 -184
Tax % 18% 6% 29% 44% 46% 47% 34% 44% 422% 25% 13% 23%
63 86 60 40 53 68 64 23 -94 -210 -76 -193 -146
EPS in Rs 2.88 3.94 3.30 2.19 2.88 3.71 3.47 1.27 -5.16 -11.49 -4.17 -10.56 -7.96
Dividend Payout % 0% 14% 15% 23% 24% 19% 20% 55% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -10%
5 Years: -18%
3 Years: -16%
TTM: 86%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -31%
TTM: 6%
Stock Price CAGR
10 Years: -5%
5 Years: -15%
3 Years: 4%
1 Year: 75%
Return on Equity
10 Years: -2%
5 Years: -8%
3 Years: -13%
Last Year: -17%

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 174 174 183 183 183 183 183 183 183 183 183 183 183
Reserves 1,332 1,405 1,450 1,479 1,632 1,685 1,742 1,407 1,308 1,099 1,025 832 780
Preference Capital 0 0 250 250 0 0 46 54 63 73 85 100
1,032 1,105 1,054 1,053 1,010 933 1,008 820 913 738 521 296 337
1,580 1,626 2,138 2,246 2,642 2,890 2,493 3,968 3,729 3,943 4,120 4,499 4,588
Total Liabilities 4,118 4,310 4,826 4,960 5,467 5,690 5,426 6,379 6,133 5,963 5,848 5,809 5,887
32 37 39 29 505 501 504 504 653 591 545 508 490
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 271 370 384 271 301 330 331 290 294 294 295 336 349
3,815 3,902 4,404 4,660 4,660 4,859 4,591 5,584 5,186 5,078 5,008 4,964 5,048
Total Assets 4,118 4,310 4,826 4,960 5,467 5,690 5,426 6,379 6,133 5,963 5,848 5,809 5,887

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
488 405 56 113 222 318 29 271 293 55 144 30
-24 -128 15 128 29 -16 21 136 34 299 228 268
-461 -218 -77 -277 -273 -295 -44 -426 -348 -334 -353 -312
Net Cash Flow 4 60 -6 -36 -22 6 6 -18 -21 19 19 -14

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 153 123 235 215 186 267 176 109 103 355 218 199
Inventory Days 9,137 10,183 4,593 1,022 13,102 3,441 20,019
Days Payable 1,753 2,084 1,182 336 2,231 614 3,579
Cash Conversion Cycle 153 7,508 235 215 8,285 3,679 863 10,980 2,930 16,795 218 199
Working Capital Days 423 405 565 783 668 576 431 400 408 1,011 386 -11
ROCE % 8% 7% 8% 7% 8% 9% 9% 10% 10% -6% 1% -9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.14% 74.14% 74.14% 74.14% 74.14% 74.14% 74.14% 74.14% 74.14% 74.14% 74.14% 74.14%
9.83% 9.44% 9.45% 9.85% 9.74% 9.73% 9.15% 9.00% 8.57% 7.12% 7.06% 7.09%
2.81% 2.81% 2.80% 2.76% 2.76% 2.76% 2.69% 2.40% 2.40% 2.40% 2.40% 2.40%
13.22% 13.61% 13.60% 13.25% 13.35% 13.36% 14.01% 14.46% 14.91% 16.35% 16.41% 16.37%
No. of Shareholders 54,80755,04852,26752,89252,08650,38250,39550,77950,60553,42051,82551,810

* 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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