Technocraft Industries (India) Ltd

Technocraft Industries (India) Ltd

₹ 2,075 0.83%
23 Feb - close price
About

Technocraft Industries was incorporated in 1992. It has presence in five main business industries viz., Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Engineering Services.
Company has manufacturing facilities in India and China.[1]

Key Points

Product Overview
Scaffolding and Formwork (38%)
It comprises scaffolding, formwork and tower business with 75-80% of revenue accruing from the overseas markets. These products are supplied to industries such as oil & gas, power, refineries, petrochemical, infrastructure and commercial construction. [1] [2]

  • Market Cap 4,762 Cr.
  • Current Price 2,075
  • High / Low 2,750 / 1,000
  • Stock P/E 18.4
  • Book Value 682
  • Dividend Yield 0.00 %
  • ROCE 19.6 %
  • ROE 19.3 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.9% over past five 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: Steel Industry: Steel - Medium / Small

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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
335 385 405 442 510 554 539 476 489 480 557 520 513
284 321 307 353 410 449 430 380 378 393 426 418 431
Operating Profit 51 64 98 89 100 105 108 97 111 88 130 102 82
OPM % 15% 17% 24% 20% 20% 19% 20% 20% 23% 18% 23% 20% 16%
26 12 16 16 6 15 8 12 28 6 14 17 25
Interest 7 6 6 5 6 4 6 6 8 7 11 10 9
Depreciation 17 18 15 15 16 17 15 16 15 18 16 17 17
Profit before tax 53 53 92 84 84 99 95 87 115 68 118 92 81
Tax % 21% 27% 22% 22% 23% 27% 21% 24% 24% 26% 23% 24% 24%
42 39 72 66 65 72 75 66 87 50 91 70 61
EPS in Rs 16.96 14.89 28.61 26.29 25.66 28.76 29.11 25.75 34.21 21.43 37.05 28.73 25.39
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
650 805 1,040 1,029 921 936 1,184 1,313 1,352 1,295 1,911 1,985 2,070
599 683 905 894 770 790 1,010 1,116 1,148 1,092 1,519 1,581 1,668
Operating Profit 51 121 135 135 151 146 175 198 204 203 392 403 402
OPM % 8% 15% 13% 13% 16% 16% 15% 15% 15% 16% 21% 20% 19%
20 23 27 15 32 41 47 37 45 68 52 54 62
Interest 11 8 5 9 10 19 23 32 37 29 21 28 38
Depreciation 33 30 27 32 26 24 29 38 52 68 63 64 68
Profit before tax 27 107 130 109 147 144 170 164 159 175 360 366 359
Tax % 44% 31% 31% 31% 32% 30% 29% 27% 21% 23% 24% 24%
15 74 90 75 100 101 120 119 126 134 274 278 272
EPS in Rs 4.84 23.55 28.43 23.85 38.17 39.14 48.84 47.73 50.18 53.19 109.31 116.32 112.60
Dividend Payout % 21% 13% 18% 21% 8% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 14%
TTM: 1%
Compounded Profit Growth
10 Years: 14%
5 Years: 17%
3 Years: 29%
TTM: -9%
Stock Price CAGR
10 Years: 37%
5 Years: 31%
3 Years: 73%
1 Year: 94%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 18%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 32 32 32 32 26 26 24 24 24 24 24 23 23
Reserves 406 468 537 589 555 663 684 803 920 1,048 1,312 1,393 1,543
104 129 159 222 334 345 514 642 658 467 506 656 650
104 112 149 147 91 120 164 157 214 237 268 292 366
Total Liabilities 645 742 876 991 1,006 1,154 1,387 1,626 1,816 1,776 2,111 2,364 2,582
167 150 150 158 163 203 245 319 480 424 420 438 517
CWIP 2 0 0 4 12 17 53 54 20 12 17 40 148
Investments 48 122 146 196 268 279 237 263 271 334 420 331 321
428 469 580 633 563 655 851 989 1,044 1,005 1,253 1,555 1,596
Total Assets 645 742 876 991 1,006 1,154 1,387 1,626 1,816 1,776 2,111 2,364 2,582

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
28 52 35 64 145 54 -27 26 201 258 108 136
12 -76 -50 -91 -42 -49 -41 -117 -165 -30 -132 22
-79 12 19 39 -67 -7 53 98 -25 -215 20 -61
Net Cash Flow -38 -12 3 13 35 -2 -14 8 12 13 -4 97

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 85 99 98 86 72 74 85 91 92 97 87 77
Inventory Days 109 138 108 148 187 298 259 291 357 316 249 371
Days Payable 36 42 42 45 14 39 36 27 45 77 64 68
Cash Conversion Cycle 158 195 164 190 244 334 308 354 404 337 272 380
Working Capital Days 159 143 131 143 155 181 197 214 204 200 176 200
ROCE % 6% 19% 18% 15% 18% 17% 17% 15% 13% 12% 22% 20%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.68% 74.68% 74.68% 74.68% 74.68% 74.68% 74.68% 74.68% 74.61% 74.61% 74.61% 74.61%
0.04% 0.07% 0.52% 0.62% 0.68% 0.69% 0.70% 0.77% 0.77% 0.60% 0.69% 0.65%
3.24% 3.31% 3.36% 3.46% 3.61% 3.75% 3.80% 4.02% 4.53% 4.10% 4.17% 4.05%
22.05% 21.94% 21.44% 21.25% 21.04% 20.89% 20.82% 20.54% 20.08% 20.68% 20.52% 20.68%
No. of Shareholders 11,05811,23811,70311,32211,67012,60912,73320,63811,46012,69312,91913,185

* 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.

Click on the line-items to see the names of individual entities.

Documents

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