EICL Ltd
EICL is engaged in the business of mining of clay (kaolin) and manufacturing of processed clay, starch and allied products. The Company had discontinued its manufacturing operations of starch and allied products in Shimoga unit from September, 2018 and Yamunanagar unit w.e.f. January 31, 2018.(Source : 201903 Annual Report Page No: 34)
- Market Cap ₹ Cr.
- Current Price ₹ 47.2
- High / Low ₹ /
- Stock P/E
- Book Value ₹ 39.3
- Dividend Yield 0.00 %
- ROCE -2.58 %
- ROE -1.73 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Stock is trading at 1.20 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -15.0% over past five years.
- Company has a low return on equity of 6.20% over last 3 years.
- Company's cost of borrowing seems high
* 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: Mining & Mineral products Industry: Mining / Minerals / Metals
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
281 | 335 | 355 | 377 | 420 | 461 | 455 | 458 | 481 | 290 | 271 | 202 | |
241 | 266 | 286 | 321 | 376 | 406 | 390 | 391 | 418 | 238 | 237 | 202 | |
Operating Profit | 39 | 69 | 69 | 56 | 44 | 55 | 65 | 67 | 63 | 52 | 34 | -1 |
OPM % | 14% | 21% | 20% | 15% | 11% | 12% | 14% | 15% | 13% | 18% | 13% | -0% |
14 | 2 | 2 | -0 | 10 | 0 | 5 | 1 | 0 | 11 | 0 | -3 | |
Interest | 15 | 14 | 14 | 20 | 20 | 17 | 16 | 13 | 11 | 8 | 6 | 8 |
Depreciation | 10 | 12 | 12 | 13 | 15 | 13 | 13 | 12 | 12 | 9 | 8 | 9 |
Profit before tax | 29 | 44 | 45 | 22 | 20 | 25 | 41 | 42 | 40 | 46 | 19 | -19 |
Tax % | 34% | 34% | 33% | 34% | 40% | 35% | 35% | 35% | 33% | 32% | 40% | -52% |
19 | 29 | 30 | 15 | 12 | 16 | 26 | 27 | 27 | 31 | 12 | -9 | |
EPS in Rs | 6.04 | 2.95 | 2.36 | 3.20 | 5.25 | 5.45 | 5.35 | 6.13 | 2.33 | -1.86 | ||
Dividend Payout % | 12% | 15% | 17% | 10% | 8% | 9% | 29% | 28% | 28% | 33% | 22% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -5% |
5 Years: | -15% |
3 Years: | -25% |
TTM: | -25% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -127% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 6% |
Last Year: | -2% |
Balance Sheet
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 78 | 90 | 105 | 114 | 121 | 132 | 143 | 156 | 174 | 194 | 197 | 188 |
144 | 137 | 156 | 178 | 160 | 154 | 142 | 114 | 97 | 19 | 45 | 27 | |
66 | 68 | 72 | 71 | 78 | 78 | 71 | 70 | 95 | 83 | 73 | 71 | |
Total Liabilities | 293 | 300 | 343 | 374 | 369 | 374 | 366 | 351 | 376 | 307 | 325 | 296 |
202 | 197 | 202 | 244 | 246 | 246 | 240 | 235 | 255 | 173 | 186 | 166 | |
CWIP | 11 | 15 | 31 | 9 | 6 | 2 | 3 | 4 | 2 | 1 | 10 | 6 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
79 | 88 | 109 | 122 | 117 | 126 | 123 | 112 | 118 | 132 | 129 | 125 | |
Total Assets | 293 | 300 | 343 | 374 | 369 | 374 | 366 | 351 | 376 | 307 | 325 | 296 |
Cash Flows
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
44 | 50 | 40 | 41 | 44 | 42 | 50 | 60 | 55 | 53 | 38 | 11 | |
-31 | -10 | -39 | -34 | -5 | -11 | -10 | -6 | -15 | 43 | -31 | -6 | |
-15 | -38 | -3 | -6 | -42 | -29 | -41 | -55 | -41 | -97 | 11 | -24 | |
Net Cash Flow | -2 | 2 | -2 | 1 | -3 | 2 | -1 | -1 | -0 | -0 | 19 | -19 |
Ratios
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 40 | 42 | 47 | 45 | 47 | 48 | 47 | 44 | 43 | 60 | 36 | 47 |
Inventory Days | 110 | 105 | 130 | 119 | 94 | 92 | 100 | 82 | 79 | 194 | 111 | 98 |
Days Payable | 115 | 111 | 108 | 86 | 71 | 70 | 63 | 55 | 66 | 208 | 170 | 180 |
Cash Conversion Cycle | 36 | 36 | 70 | 78 | 70 | 69 | 84 | 71 | 57 | 46 | -23 | -35 |
Working Capital Days | 33 | 35 | 49 | 60 | 51 | 50 | 55 | 50 | 47 | 92 | 65 | 100 |
ROCE % | 17% | 26% | 23% | 15% | 12% | 15% | 19% | 19% | 19% | 20% | 12% | -3% |