Technocraft Industries (India) Ltd

About [ edit ]

Technocraft Industries (India) is well diversified havings its business interest in Drum Closures, Scaffolding & Formworks, Yarn, Fabrics & Garments.

  • Market Cap 985 Cr.
  • Current Price 403
  • High / Low 444 / 180
  • Stock P/E 9.17
  • Book Value 406
  • Dividend Yield 0.00 %
  • ROCE 12.9 %
  • ROE 13.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.99 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 5.73% over past five years.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
320 321 321 351 350 325 327 350 275 300 335
270 268 271 307 298 278 281 295 228 259 284
Operating Profit 50 53 50 44 52 47 46 55 47 40 51
OPM % 16% 16% 16% 13% 15% 14% 14% 16% 17% 13% 15%
Other Income 11 12 5 10 12 11 26 1 19 12 26
Interest 7 9 7 10 10 9 10 9 9 7 7
Depreciation 8 8 9 13 10 11 12 19 17 16 17
Profit before tax 46 47 39 32 44 38 50 27 40 29 53
Tax % 29% 20% 24% 40% 32% 7% 17% 28% 21% 24% 21%
Net Profit 32 37 29 18 29 35 41 18 31 21 41
EPS in Rs 13.10 15.22 11.86 7.55 11.82 14.18 16.79 7.40 12.57 8.77 16.96

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
484 455 574 650 805 1,040 1,029 921 936 1,184 1,313 1,359 1,260
444 403 500 599 684 905 894 770 790 1,010 1,116 1,149 1,066
Operating Profit 41 52 74 50 121 135 135 151 146 175 198 210 193
OPM % 8% 11% 13% 8% 15% 13% 13% 16% 16% 15% 15% 15% 15%
Other Income 22 32 19 21 24 27 15 32 41 47 37 42 57
Interest 15 7 9 11 8 5 9 10 19 23 32 37 32
Depreciation 25 23 36 33 30 27 32 26 24 29 38 54 69
Profit before tax 23 55 48 27 107 130 109 147 144 170 164 161 150
Tax % 37% 27% 31% 44% 31% 31% 31% 32% 30% 29% 27% 22%
Net Profit 13 38 31 15 74 90 75 100 103 119 117 123 112
EPS in Rs 4.05 12.01 9.93 4.84 23.55 28.43 23.85 38.17 39.14 48.84 47.73 50.18 45.70
Dividend Payout % 12% 12% 10% 21% 13% 18% 21% 8% -0% -0% -0% -0%
Compounded Sales Growth
10 Years:12%
5 Years:6%
3 Years:13%
TTM:-7%
Compounded Profit Growth
10 Years:13%
5 Years:11%
3 Years:6%
TTM:-13%
Stock Price CAGR
10 Years:22%
5 Years:11%
3 Years:-9%
1 Year:101%
Return on Equity
10 Years:14%
5 Years:16%
3 Years:15%
Last Year:14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
32 32 32 32 32 32 32 26 26 24 24 24 24
Reserves 321 355 391 406 468 537 589 555 663 684 803 920 970
Borrowings 108 141 169 104 129 159 222 334 345 514 642 659 470
143 161 89 104 112 149 147 91 120 164 157 213 232
Total Liabilities 604 689 680 645 742 876 991 1,006 1,154 1,387 1,626 1,816 1,696
129 136 173 167 150 150 158 163 203 245 319 480 417
CWIP 46 54 7 2 0 0 4 12 17 53 54 20 30
Investments 74 62 71 48 122 146 196 268 279 237 263 271 289
355 437 430 428 469 580 633 563 655 851 989 1,044 961
Total Assets 604 689 680 645 742 876 991 1,006 1,154 1,387 1,626 1,816 1,696

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
91 18 16 28 52 35 64 145 54 -27 26 201
-38 -17 -22 12 -76 -50 -91 -42 -49 -41 -117 -165
-38 26 16 -79 12 19 39 -67 -7 53 98 -25
Net Cash Flow 15 27 10 -38 -12 3 13 35 -2 -14 8 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 12% 10% 6% 19% 18% 15% 18% 17% 18% 15% 13%
Debtor Days 65 96 86 85 99 98 86 72 74 85 91 92
Inventory Turnover 2.57 2.76 2.49 2.96 3.25 3.57 2.83 1.99 1.56 1.63 1.45 1.20

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
73.12 73.26 73.26 73.26 73.42 74.10 74.16 74.68 74.68 74.68 74.68 74.68
1.62 1.59 1.61 1.59 1.50 0.64 0.00 0.00 0.00 0.00 0.00 0.04
3.63 3.60 2.96 3.18 3.70 3.82 3.65 3.66 3.68 3.74 3.18 3.24
21.63 21.55 22.17 21.97 21.38 21.44 22.19 21.66 21.65 21.59 22.14 22.05

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