Vascon Engineers Ltd

About [ edit ]

Vascon Engineers is engaged in the business of Engineering, Procurement and Construction services (EPC) and Real Estate Development.

  • Market Cap 305 Cr.
  • Current Price 16.9
  • High / Low 21.2 / 6.70
  • Stock P/E
  • Book Value 37.7
  • Dividend Yield 0.00 %
  • ROCE 6.14 %
  • ROE 5.42 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.45 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.48%
  • The company has delivered a poor sales growth of -3.51% over past five years.
  • Promoter holding is low: 35.72%
  • Company has a low return on equity of 2.34% for last 3 years.
  • Contingent liabilities of Rs.414.55 Cr.

Peer comparison

Sector: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
180.56 135.76 117.35 111.00 159.38 130.60 121.93 104.55 127.90 43.35 119.50 154.62
168.39 136.38 120.67 106.25 154.42 126.17 108.07 104.69 131.06 72.60 124.69 142.31
Operating Profit 12.17 -0.62 -3.32 4.75 4.96 4.43 13.86 -0.14 -3.16 -29.25 -5.19 12.31
OPM % 6.74% -0.46% -2.83% 4.28% 3.11% 3.39% 11.37% -0.13% -2.47% -67.47% -4.34% 7.96%
Other Income 9.42 7.92 13.13 9.93 7.24 10.88 2.69 41.32 3.99 2.57 4.50 3.14
Interest 6.15 6.06 5.89 6.97 7.40 6.11 8.12 6.70 -1.88 7.65 6.53 7.16
Depreciation 5.43 3.15 3.36 3.47 3.44 3.54 3.77 3.77 3.91 3.01 2.99 2.79
Profit before tax 10.01 -1.91 0.56 4.24 1.36 5.66 4.66 30.71 -1.20 -37.34 -10.21 5.50
Tax % 16.18% 0.00% -176.79% -0.47% -0.74% 0.00% 0.00% 1.11% 20.83% 0.00% -5.68% 3.64%
Net Profit 6.67 -1.91 1.55 4.79 2.22 5.65 4.66 30.37 -0.76 -37.34 -10.79 5.30
EPS in Rs 0.41 -0.11 0.09 0.27 0.12 0.32 0.26 1.70 -0.04 -2.10 -0.61 0.30

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
520 755 1,023 712 708 624 623 588 490 539 524 521 445
458 660 922 674 681 610 721 551 496 531 516 466 471
Operating Profit 62 96 101 38 26 14 -98 37 -6 8 8 55 -25
OPM % 12% 13% 10% 5% 4% 2% -16% 6% -1% 1% 2% 11% -6%
Other Income 5 15 30 48 24 19 15 27 58 38 36 20 14
Interest 28 25 28 41 37 44 31 40 34 26 27 20 19
Depreciation 8 8 14 18 21 19 22 15 16 14 13 15 13
Profit before tax 31 77 88 27 -7 -30 -136 8 3 5 4 40 -43
Tax % 40% 31% 26% 44% -136% -45% -6% -16% 55% 7% -24% 0%
Net Profit 19 53 65 13 -17 -44 -144 8 2 6 7 40 -44
EPS in Rs 3.41 4.15 0.86 -1.07 -2.80 -9.17 0.53 0.12 0.33 0.38 2.22 -2.45
Dividend Payout % 0% 0% 14% 0% 0% -1% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-4%
5 Years:-4%
3 Years:2%
TTM:-14%
Compounded Profit Growth
10 Years:-3%
5 Years:18%
3 Years:186%
TTM:-202%
Stock Price CAGR
10 Years:-17%
5 Years:-9%
3 Years:-21%
1 Year:97%
Return on Equity
10 Years:-2%
5 Years:1%
3 Years:2%
Last Year:5%

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
76 90 90 90 90 90 90 161 168 174 178 178 178
Reserves 315 571 627 640 623 570 428 465 467 494 501 541 509
Borrowings 251 217 369 382 304 360 334 269 274 278 253 255 177
381 314 365 392 461 455 503 457 415 376 398 381 453
Total Liabilities 1,022 1,192 1,452 1,505 1,478 1,475 1,356 1,352 1,323 1,322 1,330 1,356 1,317
97 150 205 206 205 188 189 116 130 119 114 108 103
CWIP 13 27 20 26 22 25 2 0 0 1 0 0 0
Investments 81 167 102 80 65 68 61 122 84 86 83 98 81
831 847 1,125 1,193 1,186 1,193 1,103 1,114 1,109 1,116 1,133 1,150 1,133
Total Assets 1,022 1,192 1,452 1,505 1,478 1,475 1,356 1,352 1,323 1,322 1,330 1,356 1,317

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
39 68 42 -32 126 -87 78 38 28 10 56 38
-18 -99 -66 22 -13 -14 8 -21 -23 6 -2 -27
-51 110 18 -57 -116 100 -63 -26 -16 -24 -26 -34
Net Cash Flow -31 78 -7 -67 -3 -1 23 -9 -12 -8 28 -24

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 % 13% 12% 3% 3% 1% -11% 4% 4% 3% 3% 6%
Debtor Days 169 91 96 132 139 154 172 150 167 139 140 127
Inventory Turnover 0.01 0.01 -0.22 0.15 -0.03 0.12 1.16 0.83 0.83 0.80 0.72

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
35.03 34.25 34.25 34.25 35.56 36.07 36.07 36.19 36.19 36.19 36.19 35.72
0.08 0.06 0.06 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.38
0.33 0.39 0.26 0.25 0.35 0.36 0.09 0.01 0.00 0.00 0.00 0.01
64.55 65.31 65.43 65.39 63.98 63.46 63.73 63.69 63.69 63.69 63.69 63.90

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