Omaxe Ltd

Omaxe Ltd

₹ 102 1.86%
24 Apr 11:59 a.m.
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 1,866 Cr.
  • Current Price 102
  • High / Low 122 / 42.0
  • Stock P/E
  • Book Value 38.6
  • Dividend Yield 0.00 %
  • ROCE -15.7 %
  • ROE -32.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.61 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -15.9% over past five years.
  • Company has a low return on equity of -19.1% over last 3 years.
  • Contingent liabilities of Rs.690 Cr.
  • Promoters have pledged 38.9% of their holding.
  • Company has high debtors of 182 days.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
103 167 86 184 180 168 121 119 244 289 213 266 599
155 203 104 195 204 162 145 187 346 399 306 333 637
Operating Profit -52 -36 -18 -11 -24 6 -23 -68 -102 -109 -93 -67 -37
OPM % -51% -21% -21% -6% -13% 4% -19% -57% -42% -38% -43% -25% -6%
3 25 3 8 4 5 3 3 10 9 7 4 3
Interest 43 26 29 33 26 34 29 31 27 26 31 29 32
Depreciation 11 25 15 17 6 8 17 16 16 16 16 10 15
Profit before tax -103 -62 -59 -53 -52 -31 -66 -112 -136 -143 -132 -103 -82
Tax % 7% 101% 25% 21% 25% -20% 24% 22% 20% 27% 19% 18% 12%
-95 1 -44 -42 -39 -37 -50 -87 -109 -104 -106 -84 -72
EPS in Rs -5.22 0.01 -2.38 -2.14 -2.06 -2.15 -2.68 -4.78 -5.79 -5.77 -5.81 -4.61 -3.66
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 TTM
1,834 2,049 1,605 1,414 1,386 1,627 1,839 1,167 1,121 476 618 773 1,368
1,599 1,815 1,378 1,180 1,144 1,343 1,579 1,038 924 594 665 1,077 1,675
Operating Profit 235 234 226 234 242 284 260 128 198 -119 -47 -303 -306
OPM % 13% 11% 14% 17% 17% 17% 14% 11% 18% -25% -8% -39% -22%
22 25 30 34 54 59 59 34 28 39 20 25 23
Interest 132 126 131 144 147 155 169 74 108 161 121 113 118
Depreciation 6 7 10 14 10 9 9 9 73 63 47 65 57
Profit before tax 119 125 116 110 139 179 141 79 44 -305 -194 -457 -459
Tax % 24% 15% 32% 46% 45% 41% 39% 38% 319% 23% 17% 23%
90 106 79 60 77 105 85 49 -97 -235 -162 -351 -367
EPS in Rs 4.14 4.85 4.29 3.28 4.20 5.58 4.59 2.68 -5.32 -12.86 -8.72 -19.02 -19.85
Dividend Payout % 0% 12% 12% 15% 17% 13% 15% 26% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -9%
5 Years: -16%
3 Years: -12%
TTM: 110%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -30%
Stock Price CAGR
10 Years: -2%
5 Years: -14%
3 Years: 13%
1 Year: 91%
Return on Equity
10 Years: -2%
5 Years: -11%
3 Years: -19%
Last Year: -33%

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 Sep 2023
Equity Capital 174 174 183 183 183 183 183 183 183 183 183 183 183
Reserves 1,597 1,685 1,746 1,794 1,848 1,936 2,014 1,558 1,456 1,222 1,062 715 524
Preference Capital 0 0 250 250 0 0 46 54 63 73 85 100
1,105 1,082 1,049 1,096 1,328 1,503 1,756 1,803 1,609 1,457 1,043 1,007 1,067
2,538 2,733 3,475 3,835 4,353 4,704 4,175 7,217 7,301 8,180 9,630 11,655 12,166
Total Liabilities 5,414 5,674 6,453 6,908 7,712 8,326 8,128 10,760 10,549 11,042 11,918 13,560 13,940
105 129 131 118 600 604 604 599 747 671 627 582 559
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 11 11 16 20 22 12 12 12 12 12 13 14 14
5,298 5,534 6,306 6,769 7,091 7,710 7,512 10,149 9,789 10,359 11,278 12,964 13,367
Total Assets 5,414 5,674 6,453 6,908 7,712 8,326 8,128 10,760 10,549 11,042 11,918 13,560 13,940

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
574 486 139 362 91 121 19 400 638 566 783 469
-38 -7 11 -6 6 20 21 16 106 23 -22 -142
-533 -413 -152 -391 -105 -173 -35 -435 -783 -517 -740 -262
Net Cash Flow 2 66 -2 -34 -7 -32 4 -18 -39 72 21 65

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 129 93 197 199 208 235 158 110 111 298 227 182
Inventory Days
Days Payable
Cash Conversion Cycle 129 93 197 199 208 235 158 110 111 298 227 182
Working Capital Days 426 369 543 658 633 585 495 582 576 1,355 734 312
ROCE % 9% 9% 8% 8% 9% 10% 8% 4% 5% -5% -3% -16%

Shareholding Pattern

Numbers in percentages

1 Recently
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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