Technocraft Industries (India) Ltd

₹ 885 -0.01%
05 Dec 4:01 p.m.
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 2,160 Cr.
  • Current Price 885
  • High / Low 1,240 / 690
  • Stock P/E 8.19
  • Book Value 601
  • Dividend Yield 0.00 %
  • ROCE 22.2 %
  • ROE 21.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 21.0% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
325 327 350 275 300 335 385 405 442 510 554 539 476
278 281 295 228 259 284 321 307 353 410 449 430 380
Operating Profit 47 46 55 47 40 51 64 98 89 100 105 108 97
OPM % 14% 14% 16% 17% 13% 15% 17% 24% 20% 20% 19% 20% 20%
11 26 1 19 12 26 12 16 16 6 15 8 12
Interest 9 10 9 9 7 7 6 6 5 6 4 6 6
Depreciation 11 12 19 17 16 17 18 15 15 16 17 15 16
Profit before tax 38 50 27 40 29 53 53 92 84 84 99 95 87
Tax % 7% 17% 28% 21% 24% 21% 27% 22% 22% 23% 27% 21% 24%
Net Profit 35 42 20 32 22 42 39 72 66 65 72 75 66
EPS in Rs 14.18 16.79 7.40 12.57 8.77 16.96 14.89 28.61 26.29 25.66 28.76 29.11 25.75
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
574 650 805 1,040 1,029 921 936 1,184 1,313 1,352 1,295 1,911 2,079
500 599 683 905 894 770 790 1,010 1,116 1,148 1,092 1,519 1,669
Operating Profit 74 51 121 135 135 151 146 175 198 204 203 392 410
OPM % 13% 8% 15% 13% 13% 16% 16% 15% 15% 15% 16% 21% 20%
19 20 23 27 15 32 41 47 37 45 68 52 41
Interest 9 11 8 5 9 10 19 23 32 37 29 21 22
Depreciation 36 33 30 27 32 26 24 29 38 52 68 63 63
Profit before tax 48 27 107 130 109 147 144 170 164 159 175 360 366
Tax % 31% 44% 31% 31% 31% 32% 30% 29% 27% 21% 23% 24%
Net Profit 33 15 74 90 75 100 101 120 119 126 134 274 278
EPS in Rs 9.93 4.84 23.55 28.43 23.85 38.17 39.14 48.84 47.73 50.18 53.19 109.31 109.28
Dividend Payout % 10% 21% 13% 18% 21% 8% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 11%
5 Years: 15%
3 Years: 13%
TTM: 33%
Compounded Profit Growth
10 Years: 34%
5 Years: 21%
3 Years: 31%
TTM: 31%
Stock Price CAGR
10 Years: 28%
5 Years: 12%
3 Years: 41%
1 Year: 7%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 16%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
32 32 32 32 32 26 26 24 24 24 24 24 24
Reserves 391 406 468 537 589 555 663 684 803 920 1,048 1,312 1,445
169 104 129 159 222 334 345 514 642 658 467 506 502
89 104 112 149 147 91 120 164 157 214 237 268 273
Total Liabilities 680 645 742 876 991 1,006 1,154 1,387 1,626 1,816 1,776 2,111 2,244
173 167 150 150 158 163 203 245 319 480 424 420 417
CWIP 7 2 0 0 4 12 17 53 54 20 12 17 40
Investments 71 48 122 146 196 268 279 237 263 271 334 420 430
430 428 469 580 633 563 655 851 989 1,044 1,005 1,253 1,357
Total Assets 680 645 742 876 991 1,006 1,154 1,387 1,626 1,816 1,776 2,111 2,244

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
16 28 52 35 64 145 54 -27 26 201 258 108
-22 12 -76 -50 -91 -42 -49 -41 -117 -165 -30 -132
16 -79 12 19 39 -67 -7 53 98 -25 -215 20
Net Cash Flow 10 -38 -12 3 13 35 -2 -14 8 12 13 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 86 85 99 98 86 72 74 85 91 92 97 87
Inventory Days 192 109 138 108 148 187 298 259 291 357 316 249
Days Payable 53 36 42 42 45 14 39 36 27 45 77 64
Cash Conversion Cycle 225 158 195 164 190 244 334 308 354 404 337 272
Working Capital Days 168 159 143 131 143 155 181 197 214 204 200 176
ROCE % 10% 6% 19% 18% 15% 18% 17% 18% 15% 13% 12% 22%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
74.16 74.68 74.68 74.68 74.68 74.68 74.68 74.68 74.68 74.68 74.68 74.68
0.00 0.00 0.00 0.00 0.00 0.04 0.07 0.52 0.62 0.68 0.69 0.70
3.65 3.66 3.68 3.74 3.18 3.24 3.31 3.36 3.46 3.61 3.75 3.80
22.19 21.66 21.65 21.59 22.14 22.05 21.94 21.44 21.25 21.04 20.89 20.82

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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