Ferro Alloys Corporation Ltd - Stock Valuation and Financial Performance

BSE: 500141 | NSE: FERROALLOY | Ferro & Silica Manganese | Small Cap

Ferro Alloys Corp. Share Price

0.92 0.00 0.00%
as on 06-Mar'20 18:01

DeciZen - make an informed investing decision on Ferro Alloys Corp.

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Ferro Alloys Corporation stock performance -

mw4me loader
P/E Ratio (SA):
0.07
Market Cap:
17 Cr.
52-wk low:
0.9
52-wk high:
0.9

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Ferro Alloys Corporation Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Ferro Alloys Corp.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12%8.3%2.1%10.8%17.8%12.9%-1.6%-48.3%39.8%33.1%-
Value Creation
Index
-0.1-0.4-0.9-0.20.3-0.1-1.1-4.51.91.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 651603569611539575459503833778833
Sales YoY Gr.--7.4%-5.5%7.4%-11.8%6.7%-20.3%9.7%65.5%-6.6%-
Adj EPS 1.71-0.31.121.4-0.4-5.87.5913.7
YoY Gr.--43.5%-129.2%NA77.9%-29.4%-129.6%NANA20.7%-
BVPS (₹) 12.91413.77.910.812.31211.118.531.211.8
Adj Net
Profit
31.417.9-5.220.937.326.3-7.8-196253306253
Cash Flow from Ops. 82.57032.20.549.9596.6-1,166240308-
Debt/CF from Ops. 1.41.42.6216.20.80.76.2-0.20.50.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2%7.6%19.3%-6.6%
Adj EPS 20.3%34.9%NA20.7%
BVPS10.3%23.5%37.6%68.4%
Share Price -16.6% -29% - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.17.2-210.521.512.3-3.5-65.650.336.263.6
Op. Profit
Mgn %
10.17.11.699.39.2-1.511.735.219.3-0.1
Net Profit
Mgn %
4.83-0.93.46.94.6-1.7-3930.439.330.4
Debt to
Equity
0.50.40.30.80.20.20.20.50.20.1-
Working Cap
Days
102998988104819521322921056
Cash Conv.
Cycle
35281313292742193-1722

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Ferro Alloys Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 13.7 -0.5
TTM Sales (₹ Cr.) 833 513
BVPS (₹.) 11.8 12.3
Reserves (₹ Cr.) 200 210
P/BV 0.08 0.07
PE 0.07 0.00
From the Market
52 Week Low / High (₹) 0.92 / 0.92
All Time Low / High (₹) 0.92 / 125.00
Market Cap (₹ Cr.) 17
Equity (₹ Cr.) 18.5
Face Value (₹) 1
Industry PE 10.8

Management X-Ray of Ferro Alloys Corp.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *50.3943.1944.4729.6429.6429.6429.6429.6429.6429.64
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ferro Alloys Corp.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales651.14602.70569.33611.44539.08575.38458.89503.30832.90778.34
Operating Expenses 585.49560.12560.36556.50489.18522.22465.94444.57539.37629.38
Manufacturing Costs262.64262.04236.90238.40253.36237.84237.24221.11320.15255.77
Material Costs240.84223.62256.61253.77172.77215.36188.34172.88172.63270.63
Employee Cost 39.9641.3441.5539.4740.7737.8933.5328.2734.2845.95
Other Costs 42.0533.1325.3024.8622.2731.136.8322.3112.3157.03
Operating Profit 65.6442.588.9754.9449.9053.16-7.0558.73293.53148.96
Operating Profit Margin (%) 10.1%7.1%1.6%9.0%9.3%9.2%-1.5%11.7%35.2%19.1%
Other Income 1.663.495.695.665.714.736.3533.4067.7023.88
Interest 15.0716.5517.8916.029.869.284.90-5.8915.1617.91
Depreciation 9.274.964.686.635.755.785.433.537.4343.61
Exceptional Items 000024.88-0.150-847.25-0.32-18.02
Profit Before Tax 42.9724.56-7.9037.9564.8842.68-11.03-752.76338.3293.30
Tax 11.605.50-3.7715.989.3914.62-4.2636.3284.99-198.79
Profit After Tax 31.3619.07-4.1321.9755.4828.06-6.77-789.08253.33292.09
PAT Margin (%) 4.8%3.2%-0.7%3.6%10.3%4.9%-1.5%-156.0%30.4%37.5%
Adjusted EPS (₹)1.71.0-0.21.23.01.5-0.4-23.27.58.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 239.52258.59254.46145.97200.90228.33221.51377.48628.941,059.58
Share Capital 18.5318.5318.5318.5318.5318.5318.53343434
Reserves 221240.06235.93127.45182.37209.80202.98343.48594.941,025.58
Minority Interest0000000000
Debt93.6381.2578.01110.4339.3140.9323.38128.3572.5356.37
Long Term Debt31.9031.9530.2518.3216.1916.870128.3572.5322.03
Short Term Debt61.7349.3047.7692.1223.1224.0523.380034.34
Trade Payables61.2451.9873.1675.6042.9221.8924.2238.1439.60195.10
Others Liabilities 82.2389.7258.6052.6449.7575.6280.07116.93202.0920.20
Total Liabilities 476.62481.53464.23384.65332.87366.76349.18660.90943.161,331.25

Fixed Assets

Gross Block233.72238.99255.06201.70190.45190.59190.83189.32232.501,053.98
Accumulated Depreciation146.72151.83156.827.2013.3319.5925.6728.5234.79254.94
Net Fixed Assets8787.1698.24194.50177.12171.01165.16160.80197.71799.04
CWIP 10.2314.809.669.5876.996.968.5548.35210.13
Investments 187.34219.21219.180.330.2964.600.150.200.470.39
Inventories81.0386.7768.8877.7473.6762.3658.2849.6577.45113.86
Trade Receivables40.4315.3614.5355.858.5113.9915.212.132.4728.05
Cash Equivalents 0.971.932.955.0614.314.3457.3924.40119.6022.02
Others Assets69.6356.3050.7841.6051.9943.4846.03415.17497.11157.76
Total Assets 476.62481.53464.23384.65332.87366.76349.18660.90943.161,331.25

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 82.4769.9732.160.5149.8558.956.57-1,165.56240.40307.95
PBT 42.9724.56-7.9037.9564.8842.68-11.03-752.76338.3293.29
Adjustment 23.3820.6222.3822.5015.391510.31-29.46-33.7959.68
Changes in Working Capital 28.3325.7320.69-54.2510.1310.828.52-382.69-37.58163.23
Tax Paid -12.21-0.94-3.01-5.32-15.67-9.70-1.23-0.65-26.55-8.25
Cash Flow From Investing Activity -38.97-40.32-10.13-6.5139.36-64.0964.5326.13-76.11-266.19
Capex -14.14-10.14-11.20-7.2538.51-0.38-0.12-3.28-84.39-262.11
Net Investments -25.82-31.870.020.01-0.04-64.3464.4100-0.08
Others 0.981.691.050.740.890.630.2429.418.28-4
Cash Flow From Financing Activity -43.38-29.08-20.928.10-79.94-4.80-18.051,102.29-74.70-45.91
Net Proceeds from Shares 000000015.4700
Net Proceeds from Borrowing -28.76-12.17-3.2124.25-71.941.62-17.55166.65-61.68-34.16
Interest Paid -14.62-16.87-17.61-16.15-8-6.42-0.50-6.75-13.02-11.75
Dividend Paid 0-0.04-0.090000000
Others 0000000926.9200
Net Cash Flow 0.110.561.112.119.27-9.9453.05-37.1489.59-4.15
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.017.66-1.6110.9731.9913.07-3.01-263.4750.3434.6
ROCE (%)16.5911.562.8618.1330.0520.4-2.31-182.853.3611.56
Asset Turnover Ratio1.461.341.281.511.521.641.2811.040.68
PAT to CFO Conversion(x)2.633.67N/A0.020.92.1N/AN/A0.951.05
Working Capital Days
Receivable Days241692022712617
Inventory Days42484742514348392845
Payable Days78928910712555456682158

Ferro Alloys Corporation Ltd Stock News

Ferro Alloys Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ferro Alloys Corp. on 06-Mar-2020 18:01 is ₹0.92.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Mar-2020 18:01 the market cap of Ferro Alloys Corp. stood at ₹17.04.
The latest P/E ratio of Ferro Alloys Corp. as of 06-Mar-2020 18:01 is 0.07.
The latest P/B ratio of Ferro Alloys Corp. as of 06-Mar-2020 18:01 is 0.08.
The 52-week high of Ferro Alloys Corp. is ₹0.92 and the 52-week low is ₹0.92.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ferro Alloys Corp. is ₹832.9 ( Cr.) .

About Ferro Alloys Corporation Ltd

Ferro Alloys Corporation, popularly known as FACOR Group, was founded by Shri Durgaprasadji Saraf in 1956. Today it is one of the India's largest and most established producers and exporters of High Carbon Ferro Chrome/Charge Chrome worldwide, an essential ingredient for the manufacture of steel and stainless steel.

The group that started its journey with a Ferro Manganese Plant in Shreeramnagar, Andhra Pradesh to produce Ferro Manganese, diversified into various types of Ferro Alloys. Further, it established a large Chrome Ore mining complex at Bhadrak in Orissa followed by the first Charge Chrome plant. FACOR also diversified into alloys and steel production in Nagpur, Maharashtra.

It exports to several countries like Korea, Japan, Italy, Netherlands, USA, Turkey, China and Taiwan. Today, FACOR stands synonymous to a name, which employs experience, resources and technical know-how, not only in technology but in quality as well.

Post trifurcation of the Facor group into 3 independent entities in 2004 under a demerger scheme, FACOR has the capacity to produce 65,000 TPA of Charge Chrome / Ferro Chrome  and 2,50,000 TPA of Chrome Ore at its plant in Orissa.

It has also established a mining complex at Bhadrak in Orissa for the mining of Chrome Ore, the main raw material for the production of Charge Chrome/ Ferro Chrome. Stringent quality control for both raw materials and finished products is maintained.

FACOR has been accredited with ISO 9001:2000 standard, which coupled with other control measures adopted by the company, enables it to maintain its world wide status as a producer of quality products.

Along with strengthening its industrial activities, which include marketing, production and technology development, FACOR continuously strives towards creating new products of high technology.

Products:

 

  • High Carbon Ferro Chrome
  • Charge Chrome

Group Companies:

 

  • Facor Realty and Infrastructure
  • Facor Power
  • Facor Alloys
  • Facor Steel

Milestones:

  • 1956 - Ferro Alloys Corporation (FACOR) formed and India's first modernized Ferro Manganese Plant set up and commissioned in Shreeram Nagar.
  • 1968 - FACOR expands and sets up a Ferro Chrome Plant. FACOR expands in Orissa simultaneously and start mining Chrome Ore.
  • 1978 - FACOR promotes Vidharba Iron & Steel (VISCO) in Nagpur to produce Specialty Steel Products.
  • 1981 - FACOR sets up India's first 16 MVA totally indigenous plant in Shreeram Nagar.
  • 1983 - Asia's first and largest single 45 MVA furnance set up at the company's Charge Chrome Plant in Orissa.
  • 1987 - FACOR diversifies into chemicals and sets up Indian Maize and Chemicals.
  • 1989 - FACOR installs 50 MW diesel power plant, the first of its kind on land with five 10 MW DG sets supplied by MAN B&W, Germany.
  • 2004 - FACOR is trifurcated to three Public Limited Companies: a)Ferro Alloys,  Corporation, (b)  FACOR Alloys and (c) FACOR Steel.
  • 2005 - Facor Power incorporated to undertake business of generation of electricity.
  • 2007 - Facor Realty And Infrastructure incorporated for foray in Real Estate Business.

Future plan:

The company plans to:

  • Increase export duly on chrome ore to Rs 5,000 per ton from the present Rs 2,000.
  • Allocate for better evaluation of mineral reserves and stepping up research and development activities.
  • Provide special status for the ferro alloy industry with priority for raw material movement.
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