Technocraft Industries (India) Ltd

Technocraft Industries (India) its business Interest in Drum Closures (2nd Largest in the World), Scaffolding, Formworks, Cotton Yarn, Fabrics & Readymade Garments.

Pros:
Stock is trading at 1.14 times its book value
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor growth of 4.77% 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 Mar 2019 Jun 2019
320 351 352
270 307 296
Operating Profit 50 44 56
OPM % 16% 13% 16%
Other Income 11 10 8
Interest 7 10 10
Depreciation 8 13 11
Profit before tax 46 32 44
Tax % 29% 40% 32%
Net Profit 32 18 29
EPS in Rs 13.10 7.55 11.82
Notes Notes Notes

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

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
444 484 455 574 650 805 1,040 1,029 921 936 1,184 1,313
396 444 403 500 599 684 905 894 770 790 1,010 1,116
Operating Profit 48 41 52 74 50 121 135 135 151 146 175 198
OPM % 11% 8% 11% 13% 8% 15% 13% 13% 16% 16% 15% 15%
Other Income 30 22 32 19 21 24 27 15 32 41 47 37
Interest 10 15 7 9 11 8 5 9 10 19 23 32
Depreciation 22 25 23 36 33 30 27 32 26 24 29 38
Profit before tax 46 23 55 48 27 107 130 109 147 144 170 164
Tax % 23% 37% 27% 31% 44% 31% 31% 31% 32% 30% 29% 27%
Net Profit 34 13 38 31 15 74 90 75 100 103 119 117
EPS in Rs 10.63 3.96 11.75 9.76 4.68 23.05 27.58 22.84 36.34 39.14 48.84 47.73
Dividend Payout % 9% 12% 12% 10% 21% 13% 18% 21% 8% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.49%
5 Years:4.77%
3 Years:12.55%
TTM:10.90%
Compounded Profit Growth
10 Years:24.90%
5 Years:7.03%
3 Years:5.40%
TTM:-4.90%
Return on Equity
10 Years:13.69%
5 Years:15.64%
3 Years:16.29%
Last Year:15.21%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
32 32 32 32 32 32 32 32 26 26 24 24
Reserves 299 321 355 391 406 468 537 589 555 663 684 803
Borrowings 135 108 141 169 104 129 159 222 334 345 514 642
179 144 161 89 104 113 149 148 100 125 173 166
Total Liabilities 644 604 689 680 645 742 876 991 1,015 1,159 1,396 1,634
121 129 136 173 167 150 150 158 163 203 245 319
CWIP 20 46 54 7 2 0 0 4 12 17 53 54
Investments 86 74 62 71 48 122 146 196 268 279 237 263
418 355 437 430 429 470 580 633 572 661 860 998
Total Assets 644 604 689 680 645 742 876 991 1,015 1,159 1,396 1,634

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
25 91 18 16 28 52 35 64 145 54 -27 26
-78 -38 -17 -22 12 -76 -50 -91 -42 -49 -41 -117
12 -38 26 16 -79 12 19 39 -67 -7 53 98
Net Cash Flow -41 15 27 10 -38 -12 3 13 35 -2 -14 8

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 12% 8% 12% 10% 6% 19% 18% 15% 18% 17% 18% 15%
Debtor Days 102 65 96 86 85 99 98 86 72 74 85 91
Inventory Turnover 3.59 4.10 4.54 4.17 4.51 5.58 5.96 5.06 4.17 3.58 3.38 3.02