Texmaco Rail & Engineering Ltd

Texmaco Rail Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Texmaco Rail & Engineering Ltd

₹ 184 -1.47%
29 Apr 2:37 p.m.
texmaco.in BSE: 533326 NSE : TEXRAIL
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]

Website BSE NSE
  • Market Cap ₹ 7,348 Cr.
  • Current Price ₹ 184
  • High / Low ₹ 232 / 52.6
  • Stock P/E 85.4
  • Book Value ₹ 37.2
  • Dividend Yield 0.08 %
  • ROCE 6.18 %
  • ROE 1.89 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 17.3%

Cons

  • Stock is trading at 4.92 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.02%
  • Company has a low return on equity of 1.58% 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.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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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
458 606 331 374 470 447 299 484 625 835 657 805 896
409 557 294 335 434 419 308 441 569 780 636 729 814
Operating Profit 50 48 37 39 37 28 -9 43 56 55 21 76 82
OPM % 11% 8% 11% 10% 8% 6% -3% 9% 9% 7% 3% 9% 9%
3 12 5 3 7 8 4 10 4 8 36 5 9
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 12 9 9
Profit before tax 17 27 7 7 9 4 -37 14 20 23 11 36 49
Tax % -1% 46% 29% 51% 98% -4% 33% 18% 54% 35% 20% 44% 47%
19 18 7 6 2 6 -21 15 13 18 13 25 30
EPS in Rs 0.55 0.63 0.22 0.20 0.05 0.17 -0.64 0.48 0.40 0.57 0.40 0.77 0.80
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,102 1,324 1,135 1,858 1,832 1,689 1,814 2,600 3,194
1,052 1,249 1,071 1,688 1,672 1,570 1,674 2,455 2,958
Operating Profit 50 74 64 170 160 119 140 145 235
OPM % 5% 6% 6% 9% 9% 7% 8% 6% 7%
44 46 48 15 -129 25 22 26 58
Interest 50 58 61 70 97 103 100 116 136
Depreciation 17 22 25 29 36 37 36 35 38
Profit before tax 27 39 26 86 -102 3 26 20 118
Tax % 28% 31% 48% 15% 32% -8% 54% 44%
20 29 13 75 -65 12 21 26 86
EPS in Rs 0.59 0.78 0.38 2.24 -1.88 0.44 0.64 0.81 2.54
Dividend Payout % 28% 21% 44% 10% -3% 18% 16% 19%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 12%
TTM: 72%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: -31%
TTM: 559%
Stock Price CAGR
10 Years: 13%
5 Years: 25%
3 Years: 100%
1 Year: 230%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 2%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 21 22 22 22 22 25 32 32 32
Reserves 954 983 1,048 1,116 1,005 1,116 1,298 1,360 1,393
432 433 522 575 760 779 710 984 1,089
584 540 656 979 1,099 721 624 1,009 983
Total Liabilities 1,991 1,978 2,249 2,693 2,887 2,642 2,664 3,385 3,498
329 370 372 393 437 406 389 431 434
CWIP 4 2 5 14 7 4 2 9 16
Investments 432 390 253 143 101 131 77 104 126
1,226 1,217 1,618 2,144 2,342 2,100 2,195 2,840 2,922
Total Assets 1,991 1,978 2,249 2,693 2,887 2,642 2,664 3,385 3,498

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-84 -34 -175 4 10 40 27 -103
77 40 161 38 -101 -21 18 -73
18 -15 18 -47 96 -13 -12 151
Net Cash Flow 10 -9 3 -5 6 6 33 -25

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 159 151 219 160 128 132 115 110
Inventory Days 161 89 140 127 161 96 120 153
Days Payable 168 114 159 157 166 133 104 128
Cash Conversion Cycle 151 126 200 130 123 95 131 135
Working Capital Days 171 162 280 250 244 280 287 233
ROCE % 6% 6% 9% 8% 6% 6% 6%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.55% 56.55% 58.33% 58.35% 58.35% 58.35% 58.38% 58.70% 58.70% 58.70% 50.16% 48.14%
3.21% 3.29% 2.66% 1.82% 1.56% 1.72% 1.79% 1.89% 2.15% 2.30% 9.57% 11.04%
8.42% 8.42% 8.34% 8.18% 7.77% 7.69% 7.07% 7.00% 6.71% 6.14% 8.80% 8.27%
31.82% 31.74% 30.67% 31.65% 32.32% 32.24% 32.76% 32.42% 32.44% 32.86% 31.46% 32.53%
No. of Shareholders 86,17988,72195,69793,24399,30097,6921,16,3681,14,5201,18,0741,55,1031,91,8702,79,188

* 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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