Surana Telecom and Power Ltd

₹ 10.0 -5.66%
28 Jun - close price
About

Surana Telecom and Power Limited is engaged in the business of manufacturing/ Trading of Solar related Products, Generation of Solar Power and Wind Power. [1]

Key Points

History
The Co was incorporated in 1989 as Surana Petro Products Private Limited and was engaged in the business of manufacturing of Petro Products such as Petroleum Jelly and Telecom products such as Jointing Kits. In 1994, the Company ventured into the Telecom sector with the production of Optic Fibre Cables. In 2007 the Company diversified into the power sector with the manufacturing of low tension and high tension power cables and setting up of 1.25 MW wind power generation facility. In order to reflect the diversity, the name of the Company was again changed to “Surana Telecom and Power Limited”. [1]

  • Market Cap 136 Cr.
  • Current Price 10.0
  • High / Low 18.0 / 5.90
  • Stock P/E 20.9
  • Book Value 8.66
  • Dividend Yield 0.00 %
  • ROCE 8.67 %
  • ROE 5.70 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Stock is trading at 1.15 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -3.38% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 3.75% for last 3 years.
  • Debtor days have increased from 100.61 to 144.88 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
8.10 6.68 5.92 8.03 6.98 5.05 9.42 8.18 7.16 5.16 8.63 8.49
2.06 2.73 2.00 4.29 2.42 1.85 2.85 3.66 1.45 1.72 2.60 3.88
Operating Profit 6.04 3.95 3.92 3.74 4.56 3.20 6.57 4.52 5.71 3.44 6.03 4.61
OPM % 74.57% 59.13% 66.22% 46.58% 65.33% 63.37% 69.75% 55.26% 79.75% 66.67% 69.87% 54.30%
0.45 5.92 1.15 0.58 0.89 0.43 0.16 0.52 1.82 0.35 0.29 1.42
Interest 1.63 1.16 1.24 0.89 1.47 0.83 1.42 1.12 1.07 0.94 0.92 0.75
Depreciation 2.77 4.20 2.75 3.11 2.49 2.39 4.01 3.10 2.69 2.70 2.69 2.70
Profit before tax 2.09 4.51 1.08 0.32 1.49 0.41 1.30 0.82 3.77 0.15 2.71 2.58
Tax % 22.01% 22.62% -9.26% -100.00% 24.16% 31.71% 20.77% -17.07% 16.45% 20.00% 16.61% 7.36%
Net Profit 1.45 3.51 1.60 0.51 1.46 0.45 1.12 0.66 2.15 0.22 1.84 2.28
EPS in Rs 0.11 0.26 0.12 0.04 0.11 0.03 0.08 0.05 0.16 0.02 0.14 0.17

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
60.62 10.72 21.95 29.77 17.95 25.66 34.97 35.29 35.50 28.73 29.63 29.45
71.03 9.15 11.66 19.00 5.50 12.19 16.84 14.40 11.57 10.90 10.58 9.66
Operating Profit -10.41 1.57 10.29 10.77 12.45 13.47 18.13 20.89 23.93 17.83 19.05 19.79
OPM % -17.17% 14.65% 46.88% 36.18% 69.36% 52.49% 51.84% 59.20% 67.41% 62.06% 64.29% 67.20%
15.43 1.84 4.64 2.26 1.29 0.82 1.25 2.38 0.95 8.11 1.67 3.88
Interest 1.49 0.36 3.77 3.96 3.76 4.62 6.31 6.95 4.97 4.92 4.50 3.69
Depreciation 2.20 2.56 9.51 8.43 8.10 8.09 10.51 13.84 13.10 13.04 12.20 10.77
Profit before tax 1.33 0.49 1.65 0.64 1.88 1.58 2.56 2.48 6.81 7.98 4.02 9.21
Tax % 12.03% -38.78% 7.88% -9.38% 18.09% 18.35% 17.97% 24.19% 15.42% 13.28% 15.17% 14.01%
Net Profit 1.17 0.68 1.51 0.70 1.53 1.29 2.09 1.88 5.76 6.92 3.41 6.49
EPS in Rs 0.11 0.07 0.15 0.07 0.15 0.12 0.15 0.14 0.42 0.51 0.25 0.48
Dividend Payout % 88.89% 152.94% 82.65% 178.29% 81.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 11%
5 Years: -3%
3 Years: -6%
TTM: -1%
Compounded Profit Growth
10 Years: 45%
5 Years: 32%
3 Years: 5%
TTM: 97%
Stock Price CAGR
10 Years: 11%
5 Years: 16%
3 Years: 35%
1 Year: 64%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 4%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
10.40 10.40 10.40 10.40 10.40 10.40 26.08 13.58 13.58 13.58 13.58 13.58
Reserves 56.00 50.57 50.53 49.68 49.15 50.51 73.41 81.34 84.92 88.59 96.58 104.03
9.25 28.19 31.51 35.49 114.09 119.46 125.55 54.61 47.86 44.53 44.63 25.20
17.55 21.26 10.00 13.90 16.31 20.61 44.06 11.78 14.05 11.51 16.51 15.15
Total Liabilities 93.20 110.42 102.44 109.47 189.95 200.98 256.60 161.31 160.41 158.21 171.30 157.96
29.32 74.42 68.07 62.02 75.35 69.05 198.21 104.63 93.91 85.06 89.01 78.63
CWIP 19.27 3.68 0.02 18.54 0.12 86.14 9.71 14.39 14.66 14.79 13.72 13.66
Investments 13.40 11.38 11.39 11.39 10.10 9.73 16.81 24.73 22.98 20.30 24.26 23.77
31.21 20.94 22.96 17.52 104.38 36.06 31.87 17.56 28.86 38.06 44.31 41.90
Total Assets 93.20 110.42 102.44 109.47 189.95 200.98 256.60 161.31 160.41 158.21 171.30 157.96

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3.95 15.29 -0.70 18.66 -71.74 87.98 35.98 20.34 28.02 12.17 20.04 13.67
-1.30 -33.65 3.18 -19.78 -1.95 -87.19 -47.72 -4.57 -17.87 -0.39 -18.66 8.36
-1.20 17.38 -1.91 0.20 74.64 -1.30 13.03 -15.15 -11.69 -11.17 -0.84 -22.85
Net Cash Flow 1.45 -0.98 0.57 -0.92 0.95 -0.51 1.29 0.62 -1.54 0.62 0.54 -0.82

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 54.31 113.38 136.52 36.41 61.82 59.46 59.18 27.82 52.23 64.79 92.14 144.88
Inventory Days 36.90 66.26 151.30 87.83 2,014.42 895.91 410.93 177.12 0.00 236.18
Days Payable 57.98 715.64 296.19 163.14 745.96 665.53 1,028.56 10.12 572.55
Cash Conversion Cycle 33.23 -536.00 -8.37 -38.90 1,330.27 289.83 -558.45 194.82 52.23 -271.58 92.14 144.88
Working Capital Days 68.64 -62.31 36.42 -65.96 1,567.97 86.63 -175.98 0.41 -57.06 -63.27 -32.27 156.66
ROCE % 2.67% 0.40% 5.43% 4.89% 4.42% 3.68% 4.09% 4.66% 7.83% 4.91% 5.55% 8.67%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 74.77
0.52 0.52 0.53 0.52 0.52 0.52 0.52 0.05 0.05 0.05 0.05 0.05
24.48 24.48 24.47 24.48 24.48 24.48 24.48 24.95 24.95 24.95 24.95 25.18

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