BSE: 526027 | NSE: CUBEXTUB | Metal - Non Ferrous | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cubex Tubings Ltd is a below average quality company.
The key valuation ratios of Cubex Tubings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Cubex Tubings Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -0.3% | 0.4% | 0.7% | 0.7% | 0.8% | 1.3% | 1.2% | 2.6% | 4% | 4.4% | - |
| Value Creation Index ⓘ | -1.0 | -1.0 | -1.0 | -1.0 | -0.9 | -0.9 | -0.9 | -0.8 | -0.7 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 45 | 57.6 | 51.8 | 46.7 | 51 | 74.9 | 59.9 | 70.3 | 134 | 191 | 230 |
| Sales YoY Gr. | - | 28.2% | -10% | -9.9% | 9.1% | 46.9% | -20% | 17.4% | 90.1% | 43% | - |
| Adj EPS ⓘ | -0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.3 | 0.3 | 0.9 | 1.5 | 1.9 | 3 |
| YoY Gr. | - | NA | 40% | -23.8% | -18.8% | 146.2% | -6.3% | 183.3% | 78.8% | 21.7% | - |
| BVPS (₹) ⓘ | 39.5 | 39.4 | 39.4 | 39.6 | 40.1 | 40.6 | 40.9 | 41.8 | 43.5 | 45.4 | 47.7 |
| Adj Net Profit ⓘ | -0.3 | 0.2 | 0.3 | 0.2 | 0.2 | 0.5 | 0.4 | 1.2 | 2.2 | 2.6 | 4 |
| Cash Flow from Ops. ⓘ | -2.3 | 2.6 | 1.6 | 2.2 | 3.6 | -0.2 | 3.4 | -0.1 | 1.2 | 0.1 | - |
| Debt/CF from Ops. ⓘ | -2.4 | 2 | 2.8 | 2.3 | 2 | -24.9 | 1.5 | -12.1 | 8.3 | 107.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.4% | 30.3% | 47.2% | 43% | ||||
| Adj EPS ⓘ | NA | 70.1% | 83.4% | 21.7% | ||||
| BVPSⓘ | 1.5% | 2.5% | 3.6% | 4.3% | ||||
| Share Price | 38.4% | 55.8% | 68.8% | 216% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.5 | 0.4 | 0.5 | 0.4 | 0.3 | 0.8 | 0.7 | 2.1 | 3.6 | 4.2 | 6.4 |
| Op. Profit Mgn % ⓘ | -1.3 | 1.3 | 0.6 | 0.1 | -0.3 | 0.8 | 2.4 | 4.3 | 1.9 | 2.4 | 3.8 |
| Net Profit Mgn % ⓘ | -0.6 | 0.4 | 0.6 | 0.5 | 0.4 | 0.6 | 0.7 | 1.7 | 1.6 | 1.4 | 1.9 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0.2 | 0.2 | - |
| Working Cap Days ⓘ | 284 | 243 | 280 | 329 | 356 | 241 | 308 | 289 | 175 | 131 | 51 |
| Cash Conv. Cycle ⓘ | 182 | 147 | 154 | 178 | 192 | 129 | 167 | 134 | 80 | 68 | 28 |
Return on Equity has increased versus last 3 years average to 6.40%
Sales growth is growing at healthy rate in last 3 years 47.21%
Net Profit is growing at healthy rate in last 3 years 83.38%
Sales growth is good in last 4 quarters at 35.04%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3 | - |
| TTM Sales (₹ Cr.) | 230 | - |
| BVPS (₹.) ⓘ | 47.7 | - |
| Reserves (₹ Cr.) ⓘ | 54 | - |
| P/BV ⓘ | 2.55 | - |
| PE ⓘ | 40.85 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 34.25 / 121.46 |
| All Time Low / High (₹) | 1.00 / 122.10 |
| Market Cap (₹ Cr.) | 174 |
| Equity (₹ Cr.) | 14.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 15.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 45 | 58 | 52 | 47 | 51 | 75 | 60 | 70 | 134 | 191 |
| Operating Expenses ⓘ | 46 | 57 | 52 | 47 | 51 | 74 | 58 | 67 | 131 | 187 |
| Manufacturing Costs | 5 | 5 | 4 | 4 | 4 | 7 | 7 | 6 | 8 | 13 |
| Material Costs | 37 | 48 | 44 | 39 | 44 | 65 | 49 | 59 | 120 | 171 |
| Employee Cost | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Costs ⓘ | 3 | 3 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 2 |
| Operating Profit ⓘ | -1 | 1 | 0 | 0 | 0 | 1 | 1 | 3 | 3 | 5 |
| Operating Profit Margin (%) | -1.4% | 1.2% | 0.6% | 0.1% | -0.3% | 0.8% | 2.4% | 4.3% | 1.9% | 2.4% |
| Other Income ⓘ | 3 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 2 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
| Depreciation ⓘ | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 4 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 2 | 3 |
| PAT Margin (%) | 0.3% | 0.3% | 0.6% | 0.8% | 0.8% | 0.9% | 0.7% | 1.9% | 1.8% | 1.4% |
| Adjusted EPS (₹) | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.5 | 0.3 | 0.9 | 1.7 | 1.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 56 | 56 | 56 | 57 | 57 | 58 | 58 | 60 | 62 | 65 |
| Share Capital ⓘ | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves ⓘ | 42 | 42 | 42 | 43 | 43 | 44 | 44 | 45 | 48 | 50 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 5 | 4 | 4 | 4 | 6 | 5 | 5 | 1 | 10 | 13 |
| Long Term Debt | 5 | 4 | 3 | 2 | 1 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 2 | 5 | 5 | 5 | 1 | 10 | 13 |
| Trade Payables | 2 | 3 | 4 | 5 | 8 | 13 | 13 | 22 | 18 | 12 |
| Others Liabilities ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 7 |
| Total Liabilities ⓘ | 66 | 67 | 67 | 68 | 75 | 79 | 79 | 86 | 96 | 97 |
Fixed Assets | ||||||||||
| Gross Block | 39 | 39 | 40 | 40 | 40 | 40 | 43 | 43 | 45 | 46 |
| Accumulated Depreciation | 17 | 19 | 21 | 22 | 24 | 25 | 26 | 28 | 29 | 30 |
| Net Fixed Assetsⓘ | 22 | 20 | 19 | 18 | 17 | 15 | 17 | 15 | 16 | 15 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 8 | 7 | 4 | 6 | 12 | 12 | 19 | 19 | 17 | 22 |
| Trade Receivables | 21 | 21 | 24 | 25 | 25 | 38 | 29 | 35 | 43 | 36 |
| Cash Equivalents | 3 | 4 | 3 | 3 | 3 | 2 | 2 | 1 | 1 | 1 |
| Others Assetsⓘ | 12 | 15 | 17 | 17 | 18 | 12 | 13 | 16 | 19 | 23 |
| Total Assets ⓘ | 66 | 67 | 67 | 68 | 75 | 79 | 79 | 86 | 96 | 97 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2 | 3 | 2 | 2 | 4 | 0 | 3 | 0 | 1 | 0 |
| PBT ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 4 |
| Adjustment ⓘ | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 1 | 1 |
| Changes in Working Capital ⓘ | -5 | 1 | -0 | 0 | 1 | -3 | 1 | -4 | -1 | -4 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 0 | -1 | 1 | -3 | 0 | 0 | 0 |
| Capex | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | -2 | -1 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | 2 | -2 | -3 | -1 | -4 | -1 | 0 | -1 | -1 | -1 |
| Net Proceeds from Shares ⓘ | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1 | 0 | -1 | -1 | -1 | -1 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | 0 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1 | -2 | -2 | 0 | -2 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 1 | -1 | 1 | -1 | 0 | 1 | -1 | 0 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.29 | 0.34 | 0.53 | 0.63 | 0.67 | 1.15 | 0.74 | 2.26 | 3.97 | 4.18 |
| ROCE (%) | 0.71 | 0.84 | 1.03 | 1.14 | 1.46 | 1.96 | 1.9 | 4.12 | 4.8 | 6.74 |
| Asset Turnover Ratio | 0.76 | 0.94 | 0.86 | 0.76 | 0.74 | 1.15 | 0.91 | 0.99 | 1.7 | 2.31 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | 0 | N/A | 0 | 0.5 | 0 | Working Capital Days |
| Receivable Days | 140 | 122 | 143 | 177 | 174 | 129 | 168 | 142 | 92 | 65 |
| Inventory Days | 58 | 43 | 36 | 35 | 63 | 51 | 78 | 84 | 42 | 32 |
| Payable Days | 20 | 20 | 31 | 41 | 53 | 60 | 96 | 106 | 59 | 32 |
Cubex Tubings Limited was incorporated on August 10, 1979. It manufactures copper alloy tubes, wires, sheets, flats, and rods for boilers, condensers, heat exchangers, medical purposes, infrastructure, power generation, defense, and many other processes. The company’s factory is strategically located to expedite the delivery of its products to shipping ports across the world.
The company’s copper alloy tubing can be found primarily in power plants, petroleum refineries, and nuclear plants. Rods and wires can be found in electrical and construction companies. It also works with other niche industries and small businesses that meet its minimum order quantity.
The company takes advantage of the combined experience and efforts of hundreds of highly skilled workers and engineers to bring you the best quality copper alloy products at the best price. Speed and ease-of-transaction is its number one goal. Its sales group knows the deadlines you are up against and work to provide you with the fastest possible turnaround on quotes and delivery.
Business area of the company
The company is a manufacturer of seamless solid drawn Tubes, Rods, Bus bars and Wires of copper and copper based alloys such as Cupronickel, admiralty Brass, Aluminum Brass etc. Copper because of its high electrical conductivity and heat transfer characteristics finds wide application in the form of Tubes, Rods, Strips and Wires. The user industries are Power Plants, Power plants manufacturers, Switchgears, Refineries, Furnace manufacturers, Sugar plants, Automobile and Electrical Equipment industries & Ship Builders.
Products
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