Technocraft Industries (India) Ltd

Technocraft Industries (India) is well diversified having its business Interest in Drum Closures (2nd Largest in the World), Scaffolding, Formworks, Cotton Yarn, Fabrics & Readymade Garments. It has its own 15 MW Captive Thermal Power Plant.

Pros:
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor growth of 9.29% over past five years.

Peer Comparison Sector: Steel // Industry: Steel - Medium / Small

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018
223 200 221 211 231 214 252 261 284 274 284 285
194 161 180 185 203 187 210 227 237 232 238 241
Operating Profit 29 39 42 26 28 27 42 34 47 42 46 44
OPM % 13% 20% 19% 12% 12% 13% 17% 13% 16% 15% 16% 15%
Other Income 8 14 8 12 3 15 14 3 14 10 11 4
Interest 3 4 4 4 3 4 4 5 4 6 8 7
Depreciation 6 4 5 5 6 5 5 6 7 6 7 7
Profit before tax 27 46 41 29 22 33 47 26 49 40 42 34
Tax % 30% 32% 32% 31% 14% 38% 24% 30% 30% 30% 19% 24%
Net Profit 19 31 28 20 19 21 36 18 34 28 34 26
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
298 316 416 379 472 552 648 838 789 766 864 1,010 1,127
249 275 390 336 398 504 542 719 667 630 729 861 949
Operating Profit 49 41 26 43 74 48 106 119 122 135 135 150 178
OPM % 17% 13% 6% 11% 16% 9% 16% 14% 15% 18% 16% 15% 16%
Other Income 18 27 24 29 15 19 22 28 13 29 36 46 39
Interest 3 6 11 6 8 7 6 4 5 6 15 17 25
Depreciation 9 19 24 22 35 30 26 23 27 21 19 23 27
Profit before tax 56 43 15 45 47 29 96 121 102 137 137 156 165
Tax % 29% 24% 55% 33% 28% 38% 32% 32% 31% 33% 29% 30%
Net Profit 40 33 7 30 33 18 65 82 70 92 97 109 122
EPS in Rs 12.34 10.16 2.10 9.19 10.44 5.64 20.03 25.21 21.15 32.60 37.00 44.41
Dividend Payout % 12% 10% 23% 16% 9% 17% 15% 19% 23% 9% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:12.31%
5 Years:9.29%
3 Years:8.60%
TTM:17.62%
Compounded Profit Growth
10 Years:14.02%
5 Years:11.10%
3 Years:15.37%
TTM:31.00%
Return on Equity
10 Years:12.09%
5 Years:15.30%
3 Years:16.37%
Last Year:16.33%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
32 32 32 32 32 32 32 32 32 26 26 24 24
Reserves 298 323 326 350 376 390 444 505 554 514 612 623 685
Borrowings 71 119 97 131 157 84 91 112 160 262 276 404 432
89 120 117 125 43 65 68 93 108 95 109 162 156
Total Liabilities 490 593 571 636 606 570 634 742 853 898 1,023 1,214 1,298
46 103 112 110 150 131 112 104 103 115 144 182 175
CWIP 46 19 44 52 3 2 0 0 4 12 10 31 61
Investments 58 97 77 73 82 58 134 158 216 283 301 258 255
340 374 337 402 371 380 388 480 530 489 568 744 807
Total Assets 490 593 571 636 606 570 634 742 853 898 1,023 1,214 1,298

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
16 6 88 11 6 90 0 54 47 137 29 -7
-91 -87 -35 -15 -11 -51 -1 -39 -61 -37 -36 -20
121 38 -39 28 14 -81 -6 -13 26 -71 -1 17
Net Cash Flow 47 -43 14 25 8 -42 -7 2 12 29 -8 -9

Ratios Standalone / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 18% 10% 5% 10% 10% 6% 18% 19% 15% 18% 18% 17%
Debtor Days 96 119 76 97 80 90 99 96 96 85 103 116
Inventory Turnover 4.13 3.63 4.95 4.95 4.11 4.68 5.78 6.54 5.33 4.67 5.04 4.63