Texmaco Rail & Engineering Ltd

Texmaco Rail & Engineering Ltd

₹ 165 -2.22%
28 Mar - close price
About

Texmaco Rail & Engineering Ltd is an engineering infrastructure co. & part of the Adventz Group, The co. is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures. [1] [2]

Key Points

Company History
The operation of the plants of Texmaco Limited was started in 1939 & the Co. was established in 1998. [1] It was earlier involved in the Heavy Engineering & Steel Foundry businesses.
In 2010, Texmaco Limited was demerged to form Texmaco Rail & Engineering Ltd. [2]

  • Market Cap 6,317 Cr.
  • Current Price 165
  • High / Low 232 / 42.0
  • Stock P/E 75.9
  • Book Value 35.9
  • Dividend Yield 0.09 %
  • ROCE 6.63 %
  • ROE 1.47 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 21.0%

Cons

  • Stock is trading at 4.59 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -8.54%
  • Company has a low return on equity of 1.36% over last 3 years.

* 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

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
458 606 331 374 470 447 299 484 625 835 657 805 896
409 554 295 336 435 419 309 442 570 781 636 730 814
Operating Profit 48 53 36 38 36 27 -10 42 55 54 21 75 83
OPM % 11% 9% 11% 10% 8% 6% -3% 9% 9% 7% 3% 9% 9%
5 13 6 6 9 10 6 13 7 11 39 8 12
Interest 27 24 26 26 25 23 22 30 32 31 35 37 34
Depreciation 9 10 9 9 9 9 9 9 9 9 9 9 9
Profit before tax 18 32 7 9 11 6 -35 16 22 26 17 38 52
Tax % -1% 39% 29% 36% 85% -4% 35% 16% 48% 31% 13% 42% 44%
18 20 5 6 2 6 -23 14 11 18 15 22 29
EPS in Rs 0.53 0.61 0.15 0.18 0.05 0.19 -0.70 0.42 0.35 0.54 0.45 0.68 0.77
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
767 829 446 439 1,077 1,154 1,135 1,858 1,832 1,689 1,814 2,600 3,194
633 704 429 419 1,026 1,096 1,075 1,691 1,675 1,569 1,677 2,458 2,961
Operating Profit 134 125 18 20 51 58 61 167 157 120 137 142 233
OPM % 17% 15% 4% 4% 5% 5% 5% 9% 9% 7% 8% 5% 7%
26 31 23 24 45 47 51 21 -123 32 31 38 71
Interest 14 12 10 12 47 48 61 71 97 103 100 116 136
Depreciation 9 9 12 15 15 16 25 29 36 37 36 35 35
Profit before tax 136 135 19 16 34 42 26 88 -99 12 32 29 132
Tax % 32% 30% 10% 15% 20% 20% 48% 15% 33% -2% 44% 31%
93 94 17 14 27 34 13 75 -66 12 18 20 83
EPS in Rs 3.35 3.38 0.61 0.43 0.85 1.00 0.40 2.24 -1.91 0.37 0.57 0.62 2.44
Dividend Payout % 20% 19% 27% 38% 19% 16% 41% 10% -3% 21% 18% 24%
Compounded Sales Growth
10 Years: 12%
5 Years: 18%
3 Years: 12%
TTM: 72%
Compounded Profit Growth
10 Years: -14%
5 Years: 9%
3 Years: -36%
TTM: 883%
Stock Price CAGR
10 Years: 14%
5 Years: 22%
3 Years: 89%
1 Year: 289%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 1%
Last Year: 1%

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 18 18 18 21 21 22 22 22 22 25 32 32 32
Reserves 490 563 574 872 987 1,023 1,050 1,118 1,005 1,115 1,294 1,313 1,346
71 102 102 107 335 324 522 587 760 779 710 984 1,089
489 385 324 348 521 454 657 979 1,098 723 626 1,011 986
Total Liabilities 1,068 1,067 1,018 1,348 1,865 1,823 2,251 2,706 2,887 2,642 2,662 3,340 3,453
103 113 160 206 228 246 344 365 409 378 361 367 373
CWIP 37 55 48 5 4 2 5 10 4 4 2 9 16
Investments 313 319 317 610 544 502 253 143 100 128 71 92 110
615 580 492 527 1,088 1,073 1,647 2,189 2,375 2,132 2,227 2,872 2,954
Total Assets 1,068 1,067 1,018 1,348 1,865 1,823 2,251 2,706 2,887 2,642 2,662 3,340 3,453

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
128 57 54 41 -65 -23 -208 -45 42 40 24 -106
-71 -29 -38 -332 66 63 163 45 -96 -23 22 -73
-58 -2 -31 282 8 -52 51 -6 60 -11 -12 154
Net Cash Flow -0 26 -15 -9 10 -11 6 -6 6 6 33 -25

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 103 99 157 125 140 138 219 160 128 132 115 110
Inventory Days 218 176 284 329 158 98 140 127 161 96 120 153
Days Payable 268 171 275 253 153 105 159 157 166 133 104 128
Cash Conversion Cycle 54 104 165 201 145 131 200 130 123 95 131 135
Working Capital Days 54 72 125 115 159 166 311 259 251 287 293 238
ROCE % 25% 22% 3% 2% 5% 5% 6% 9% 8% 6% 7% 7%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.55% 56.55% 56.55% 58.33% 58.35% 58.35% 58.35% 58.38% 58.70% 58.70% 58.70% 50.16%
3.34% 3.21% 3.29% 2.66% 1.82% 1.56% 1.72% 1.79% 1.89% 2.15% 2.30% 9.57%
8.95% 8.42% 8.42% 8.34% 8.18% 7.77% 7.69% 7.07% 7.00% 6.71% 6.14% 8.80%
31.16% 31.82% 31.74% 30.67% 31.65% 32.32% 32.24% 32.76% 32.42% 32.44% 32.86% 31.46%
No. of Shareholders 86,73886,17988,72195,69793,24399,30097,6921,16,3681,14,5201,18,0741,55,1031,91,870

* 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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