Selan Explorations Technology Ltd

₹ 628 2.18%

26 Apr - close price

About

Selan Exploration Technology Limited, incorporated in 1985, is engaged in the business of Oil & Gas exploration and production. ^[1]

Key Points

Revenue Split
Crude oil- 84% in FY22 vs 79% in FY21
Natural Gas-16 % in FY22 vs 21% in FY21 ^[1]

Website BSE NSE

Market Cap ₹ 955 Cr.
Current Price ₹ 628
High / Low ₹ 684 / 257
Stock P/E 36.9
Book Value ₹ 246
Dividend Yield 0.00 %
ROCE 11.7 %
ROE 8.96 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Debtor days have improved from 80.2 to 58.3 days.
Company's working capital requirements have reduced from 112 days to 85.1 days

Cons

Stock is trading at 2.55 times its book value
The company has delivered a poor sales growth of 9.01% over past five years.
Promoter holding is low: 30.5%
Company has a low return on equity of 4.41% over last 3 years.
Earnings include an other income of Rs.12.8 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: Crude Oil & Natural Gas Industry: Oil Drilling / Allied Services

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	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
	12.52	15.02	16.26	18.24	19.49	23.17	30.12	32.63	28.66	26.61	28.12	39.19	43.57
	13.27	18.25	14.77	16.26	16.79	22.07	19.43	22.30	22.08	22.62	23.14	28.55	36.21
Operating Profit	-0.75	-3.23	1.49	1.98	2.70	1.10	10.69	10.33	6.58	3.99	4.98	10.64	7.36
OPM %	-5.99%	-21.50%	9.16%	10.86%	13.85%	4.75%	35.49%	31.66%	22.96%	14.99%	17.71%	27.15%	16.89%
	1.84	2.10	2.08	1.78	1.84	1.96	2.11	2.03	3.40	3.95	3.41	2.94	2.48
Interest	0.03	0.03	0.02	0.03	0.02	0.02	0.01	0.12	0.08	0.22	0.09	0.11	0.09
Depreciation	0.62	0.57	0.60	0.57	0.57	0.51	0.53	0.65	0.64	0.59	0.69	0.80	0.90
Profit before tax	0.44	-1.73	2.95	3.16	3.95	2.53	12.26	11.59	9.26	7.13	7.61	12.67	8.85
Tax %	-400.00%	163.58%	43.39%	32.28%	21.52%	-19.37%	25.94%	23.99%	17.82%	24.96%	33.77%	25.65%	31.86%
	2.20	1.10	1.67	2.14	3.10	3.02	9.08	8.81	7.61	5.35	5.04	9.42	6.03
EPS in Rs	1.45	0.72	1.10	1.41	2.04	1.99	5.97	5.80	5.01	3.52	3.32	6.20	3.97
Raw PDF

Profit & Loss

Figures in Rs. Crores

	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
	93	97	101	79	62	56	77	93	90	49	77	118	137
	34	37	20	22	24	21	30	29	34	37	50	67	111
Operating Profit	59	60	82	57	38	35	47	64	55	12	27	51	27
OPM %	63%	61%	81%	72%	61%	63%	61%	69%	62%	24%	35%	43%	20%
	11	12	13	12	10	8	8	11	-1	10	8	12	13
Interest	4	1	0	0	2	0	0	0	0	0	0	0	1
Depreciation	1	1	26	24	26	28	21	21	22	22	22	22	3
Profit before tax	64	70	68	44	20	15	34	54	32	-1	13	40	36
Tax %	31%	35%	35%	36%	35%	40%	34%	4%	30%	611%	21%	23%
	44	45	45	28	13	9	22	52	22	6	10	31	26
EPS in Rs	25.83	26.85	27.16	17.26	7.87	5.38	13.45	31.41	14.76	4.11	6.53	20.30	17.01
Dividend Payout %	12%	19%	18%	29%	64%	93%	37%	15%	34%	122%	77%	0%

Compounded Sales Growth
10 Years:	2%
5 Years:	9%
3 Years:	10%
TTM:	20%

Compounded Profit Growth
10 Years:	-4%
5 Years:	7%
3 Years:	10%
TTM:	-9%

Stock Price CAGR
10 Years:	2%
5 Years:	27%
3 Years:	74%
1 Year:	143%

Return on Equity
10 Years:	8%
5 Years:	7%
3 Years:	4%
Last Year:	9%

Balance Sheet

Figures in Rs. Crores

	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	17	17	16	16	16	16	16	16	15	15	15	15	15
Reserves	191	221	245	264	267	266	278	310	313	311	314	345	359
	12	0	0	0	0	0	0	1	1	1	0	4	4
	56	49	77	102	85	67	73	62	64	49	47	63	71
Total Liabilities	275	287	339	382	368	349	368	388	393	376	376	427	449
	6	6	8	11	10	9	12	11	9	8	7	13	257
CWIP	121	113	159	207	208	199	203	197	180	164	149	166	0
Investments	0	0	0	0	0	0	35	133	127	129	135	176	114
	148	167	172	164	150	140	119	48	76	74	85	73	78
Total Assets	275	287	339	382	368	349	368	388	393	376	376	427	449

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	47	48	75	62	17	37	67	100	41	36	-18	69
	-18	-1	-58	-63	-16	-11	-54	-100	-12	-2	-6	-72
	-35	-28	-21	-10	-12	-10	-9	-20	-21	-8	-8	-0
Net Cash Flow	-7	19	-4	-12	-11	17	3	-20	8	26	-32	-3

Ratios

Figures in Rs. Crores

	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	78	58	87	69	65	87	89	72	71	94	89	58
Inventory Days
Days Payable
Cash Conversion Cycle	78	58	87	69	65	87	89	72	71	94	89	58
Working Capital Days	6	63	55	-29	68	128	106	95	77	144	108	85
ROCE %	32%	31%	27%	16%	8%	5%	11%	15%	10%	-2%	4%	12%

Shareholding Pattern

Numbers in percentages

8 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	30.09%	30.09%	30.09%	30.09%	39.56%	39.54%	30.46%	30.46%	30.46%	30.46%	30.46%	30.46%
	3.43%	2.96%	3.53%	4.21%	3.78%	3.78%	3.78%	3.78%	3.78%	3.78%	3.71%	3.83%
	1.90%	1.91%	1.91%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	64.58%	65.04%	64.47%	64.45%	56.66%	56.66%	65.74%	65.75%	65.75%	65.76%	65.83%	65.71%
No. of Shareholders	22,385	23,387	22,839	21,687	20,198	21,212	20,075	19,321	18,910	19,329	18,703	17,570

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	28.35%	27.89%	28.77%	30.09%	30.09%	30.09%	30.46%	30.46%
	1.50%	2.15%	2.30%	2.41%	2.53%	4.21%	3.78%	3.83%
	0.31%	2.92%	2.17%	2.15%	1.91%	1.25%	0.00%	0.00%
	69.84%	67.04%	66.76%	65.35%	65.47%	64.45%	65.75%	65.71%
No. of Shareholders	24,234	21,576	24,184	22,059	22,658	21,687	19,321	17,570

* 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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