Is Technocraft Industries (India) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Technocraft Industries (India) Ltd is a below average quality company .

Is Technocraft Industries (India) undervalued or overvalued?

The key valuation ratios of Technocraft Industries (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Technocraft Industries (India) share price return in the past 10 years?

Technocraft Industries (India) Ltd share price has appreciated 37.9% annually (CAGR) over the past ten years.

Is Technocraft Industries (India) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Technocraft Industries (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the P/E ratio of Technocraft Industries (India)?

The latest standalone P/E ratio of Technocraft Industries (India) as of 19-Apr-2024 is 28.99.

What is the P/B ratio of Technocraft Industries (India)?

The latest standalone P/B ratio of Technocraft Industries (India) as of 19-Apr-2024 is 3.89.

What is the 52-week high and low of Technocraft Industries (India)?

The 52-week high of Technocraft Industries (India) is Rs. 2749.80 and the 52-week low is Rs. 1400.60.

Technocraft Industries (India) Ltd - Stock Valuation and Financial Performance

Name: Technocraft Industries (India)
Brand: Technocraft Industries (India)

BSE: 532804 | NSE: TIIL | Steel & Iron Products | Small Cap

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Technocraft Inds Share Price

₹2,212.20 -7.80 -0.35%
as on 19-Apr'24 16:01

10 Year X-Ray of Technocraft Inds:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	12%	11%	12.5%	12.8%	11.1%	10.4%	8.4%	9.1%	15.8%	11.6%	-
Value Creation Index ⓘ	-0.1	-0.2	-0.1	-0.1	-0.2	-0.3	-0.4	-0.4	0.1	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	838	789	766	864	1,010	1,151	1,181	995	1,667	1,825	1,627
Sales YoY Gr.	-	-5.9%	-2.9%	12.9%	17%	13.9%	2.6%	-15.8%	67.5%	9.5%	-
Adj EPS ⓘ	22.4	23.1	35	37.7	39.7	40.8	36.2	42.6	86.4	74.8	76.6
YoY Gr.	-	3.1%	51.6%	7.5%	5.4%	2.8%	-11.2%	17.5%	103%	-13.4%	-
BVPS (₹) ⓘ	170.2	185.8	205.5	242.7	264.8	306.5	348.5	389.4	479.2	513.4	570
Adj Net Profit ⓘ	70.6	72.9	92.1	99.1	97.1	99.7	88.6	104	211	172	176
Cash Flow from Ops. ⓘ	53.7	46.9	137	28.7	-6.9	23.7	186	230	99.2	75.4	-
Debt/CF from Ops. ⓘ	2.1	3.4	1.9	9.6	-58.6	21.3	2.8	1.5	3.7	6.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9%	12.6%	15.6%	9.5%
Adj EPS ⓘ	14.3%	13.5%	27.4%	-13.4%
BVPSⓘ	13.1%	14.2%	13.8%	7.2%
Share Price	37.9%	33.4%	82.7%	50.9%

Key Financial Parameters ⓘ

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 % ⓘ	13.9	12.9	16.3	16.8	15.1	14.3	11.1	11.5	19.9	14.6	14.1
Op. Profit Mgn % ⓘ	14.3	16.3	17.7	16.1	14.8	14.6	13.9	17.5	18.5	14.9	16.2
Net Profit Mgn % ⓘ	8.4	9.2	12	11.5	9.6	8.7	7.5	10.5	12.7	9.4	10.8
Debt to Equity ⓘ	0.2	0.3	0.5	0.4	0.6	0.7	0.6	0.4	0.3	0.4	-
Working Cap Days ⓘ	233	281	298	286	308	315	322	382	255	266	134
Cash Conv. Cycle ⓘ	124	146	145	141	158	178	197	214	126	143	58

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.60%

Net Profit is growing at healthy rate in last 3 years 27.38%

Return on Equity has declined versus last 3 years average to 14.10%

Sales growth is not so good in last 4 quarters at -12.61%

Latest Financials - Technocraft Industries (India) Ltd.

	Standalone	Consolidated
TTM EPS (₹)	76.6	112.6
TTM Sales (₹ Cr.)	1,627	2,070
BVPS (₹.) ⓘ	570	708.9
Reserves (₹ Cr.) ⓘ	1,286	1,605
P/BV ⓘ	3.89	3.13
PE ⓘ	28.99	19.71

From the Market
52 Week Low / High (₹)	1400.60 / 2749.80
All Time Low / High (₹)	17.55 / 2749.80
Market Cap (₹ Cr.)	5,097
Equity (₹ Cr.)	23
Face Value (₹)	10
Industry PE ⓘ	26.4

Management X-Ray of Technocraft Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Technocraft Inds

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Technocraft Inds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	838	789	766	864	1,010	1,151	1,181	995	1,667	1,825
Operating Expenses ⓘ	719	667	630	729	861	983	1,017	821	1,358	1,553
Manufacturing Costs	118	130	146	182	198	218	275	219	299	323
Material Costs	498	431	387	432	531	620	577	438	796	944
Employee Cost	36	42	45	52	61	73	84	86	95	100
Other Costs ⓘ	67	65	52	63	70	73	81	78	169	185
Operating Profit ⓘ	119	122	135	135	150	168	164	174	308	272
Operating Profit Margin (%)	14.2%	15.4%	17.6%	15.7%	14.8%	14.6%	13.9%	17.5%	18.5%	14.9%
Other Income ⓘ	28	13	29	36	46	34	38	45	44	51
Interest ⓘ	4	5	6	15	17	29	32	24	17	23
Depreciation ⓘ	23	27	21	19	23	31	45	59	55	54
Exceptional Items ⓘ	0	0	0	0	0	0	0	11	12	0
Profit Before Tax ⓘ	121	102	137	137	156	142	126	146	292	248
Tax ⓘ	39	32	45	40	47	39	27	34	70	61
Profit After Tax	82	70	92	97	109	102	100	112	222	186
PAT Margin (%)	9.8%	8.9%	12.1%	11.3%	10.8%	8.9%	8.4%	11.3%	13.3%	10.2%
Adjusted EPS (₹)	26.1	22.2	35.1	37.0	44.4	41.8	40.8	45.8	90.7	81.2
Dividend Payout Ratio (%)	19%	23%	9%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	539	588	540	638	648	750	853	953	1,172	1,179
Share Capital ⓘ	32	32	26	26	24	24	24	24	24	23
Reserves ⓘ	507	556	514	612	623	725	828	928	1,148	1,156
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	110	156	255	267	396	493	504	307	347	500
Long Term Debt	4	14	26	22	39	56	135	105	48	30
Short Term Debt	105	142	229	245	357	437	369	202	299	471
Trade Payables	36	43	32	45	64	31	58	98	148	152
Others Liabilities ⓘ	195	229	251	292	364	339	410	406	458	346
Total Liabilities ⓘ	879	1,016	1,078	1,242	1,472	1,613	1,825	1,764	2,126	2,178
Fixed Assets
Gross Block	384	406	133	175	235	326	524	512	549	612
Accumulated Depreciation	281	304	18	37	59	89	134	173	222	275
Net Fixed Assetsⓘ	104	103	115	139	176	237	389	340	327	336
CWIP ⓘ	0	4	12	10	31	35	16	7	17	38
Investmentsⓘ	158	216	277	301	257	272	276	319	390	301
Inventories	124	172	155	187	249	296	291	246	317	364
Trade Receivables	222	207	178	244	321	366	429	388	494	607
Cash Equivalents	34	50	48	41	40	36	70	52	80	129
Others Assetsⓘ	238	265	293	320	398	373	353	413	502	402
Total Assets ⓘ	879	1,016	1,078	1,242	1,472	1,613	1,825	1,764	2,126	2,178

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	54	47	137	29	-7	24	186	230	99	75
PBT ⓘ	121	102	137	137	156	142	131	129	292	253
Adjustment ⓘ	-1	26	-2	6	9	34	49	38	27	33
Changes in Working Capital ⓘ	-28	-31	35	-75	-138	-100	33	87	-151	-140
Tax Paid ⓘ	-45	-43	-34	-37	-33	-51	-28	-23	-69	-70
Cash Flow From Investing Activity ⓘ	-39	-61	-37	-36	-20	-94	-155	-14	-112	45
Capex	-13	-32	-45	-40	-78	-95	-169	-12	-43	-75
Net Investments	-14	-50	0	1	62	-8	7	-8	-49	109
Others ⓘ	-12	22	9	3	-4	9	6	5	-20	12
Cash Flow From Financing Activityⓘ	-13	26	-71	-1	17	77	-18	-210	15	-51
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	11	12	-4	17	17	80	-30	-58	-18
Interest Paid ⓘ	-2	-3	-4	-12	-14	-26	-29	-22	-13	-20
Dividend Paid ⓘ	-6	-16	-28	0	0	0	0	0	0	0
Others ⓘ	-4	35	-50	16	15	85	-69	-158	85	-12
Net Cash Flow ⓘ	2	12	29	-8	-9	6	12	7	2	70

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	16.24	12.45	16.4	16.51	16.89	14.65	12.44	12.41	20.88	15.86
ROCE (%)	20.52	15.38	18.49	17.74	17.6	14.82	12	12.78	21.86	16.71
Asset Turnover Ratio	1.03	0.84	0.74	0.75	0.75	0.75	0.69	0.56	0.86	0.85
PAT to CFO Conversion(x)	0.66	0.67	1.49	0.3	-0.06	0.24	1.86	2.05	0.45	0.4
Working Capital Days
Receivable Days	86	98	91	88	102	109	122	149	96	110
Inventory Days	55	68	77	72	79	86	90	98	62	68
Payable Days	23	34	36	33	37	28	28	65	56	58

Technocraft Industries (India) Ltd Stock News

Technocraft Industries (India) Ltd FAQs

What is the share price of Technocraft Inds?

Company share prices are keep on changing according to the market conditions. The closing price of Technocraft Inds on 19-Apr-2024 16:01 is ₹2,212.2.

What is the market cap of Technocraft Inds?

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 19-Apr-2024 16:01 the market cap of Technocraft Inds stood at ₹5,097.2.

What is the P/E ratio of Technocraft Inds?

The latest P/E ratio of Technocraft Inds as of 19-Apr-2024 16:01 is 28.99.

What is the P/B ratio of Technocraft Inds?

The latest P/B ratio of Technocraft Inds as of 19-Apr-2024 16:01 is 3.89.

What is the 52-week high and low of Technocraft Inds?

The 52-week high of Technocraft Inds is ₹2,749.8 and the 52-week low is ₹1,400.6.

What is the TTM revenue of Technocraft Inds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Technocraft Inds is ₹1,627 ( Cr.) .

About Technocraft Industries (India) Ltd

Technocraft Industries was incorporated on October 22, 1991 as Technocraft Industries (India) as an unlimited company under part IX of the Companies Act, 1956. Subsequently the company was re-registered as a public limited company and received a certificate for re-registration on October 28th, 1992.

Technocraft Industries (India), the parent company of the Technocraft group, is one of the leading manufacturers of Drum Closure including Title Seal Flanges and Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges & Auto Closure Systems.

Technocraft, a multi product and multi national group, that was established in 1972 by a group of technologists with the aim of manufacturing high precision and sophisticated products , mainly for discerning worldwide markets.

The Technocraft Group is promoted, managed and has grown under dynamic leadership and guidance of S K Saraf and S M Saraf, both graduates from Indian Institute of Technology.

Technocraft enjoys a significant position in five main business industries viz., Drum Closures, Pipes & Tubes, Engineering Services, Scaffolding systems & accessories and Cotton Yarn. Several products in computer software and information technology have been added recently.

The company is an ISO 9002 certified company having its head office in Mumbai (India) & overseas offices & warehouses in Manchester (UK), Lodz (Poland) & Budapest (Hungary); Chicago (USA) & New Orleans (USA).

Technocraft is now a government recognized Foreign Trading House due to its performance in foreign trade and managerial resources.

The Technocraft family consist of more than 3000 skilled workmen, technicians and technologists all working towards the common goal of giving the best quality product to it's customers, all over the world.

The manufacturing process is continuously updated with latest technology to yield higher productivity with improved quality product. Our manufacturing plants are located at five locations near Mumbai , India on a built up area of over 50,000 square meters.

The company launched a major export drive in 1977. It was recognised as an export house by government of India in 1979. The company won a number of awards for export excellence including te â€œBest Export Performanceâ€ by Prime Minister of India.

Technosoft Information technologies (India) Limited (subsidiary co) is registered with the Nasscom.

Different subsidiaries of the company

Indian Subsidiaries

Technosoft Information technologies (I) Limited
Techno Exports Private Limited
Danube Fashions Limited

Foreign Subsidiaries

Technocraft Trading Spolka, Z.O.O Poland
Technocraft (Hungary) KFT
Technocraft International Ltd
Bopp A. G.
CAE Systems GmbH
Impact Engineering Solutions Inc.
Technocraft Australia Pty. Ltd.

Product range

Today Technocraft is the second largest producer of Drum Closures in the world with a production of over 25 Million sets of Drum Closures annually.

Tite-Seal Flanges and Plugs
Tite-Seal Metal and Plastic Capseals
Tite-Seal Gaskets
Leak Lock System
Tite-Seal S-insertion of Octagon Base Drum Flanges.
Auto-Seal Closure System.
Dies
Clamps

Achievements/ milestones

2000 - Awarded the National Award for Export Excellence by Ministry of Commerce and Industry, Award Presented by then Prime Minister of India â€œShri. Atal Bihari Vajpayeeâ€ 2001 - Awarded Export Excellence Award for all steel products by Engineering Export Promotion Council â€“ Maharashtra 2004 - Awarded 3 Star Export House Certificate 2004 - Achieved the Export Targets set by Government of India in the yarn Division under the Target Plus Scheme.

Milestones

1993 Set up of its first Foreign subsidiary in United Kingdom
1994 Merger of Technocraft Fabricators (Bombay) Limited and Eskiedee Metal Crafts Private Limited
1994 Acquisition of Maharashtra Steel Tubes Limited â€“ Pipe Division
1997 Setting up of 100% EOU Yarn Unit
1998 Set up Subsidiary in Poland
2000 Set up Subsidiary in Hungary
2000 Awarded the National Award for Export Excellence by Ministry of Commerce andIndustry, Award Presented by then Prime Minister of India
2001 Awarded Export Excellence Award for all steel products by Engineering Export Promotion Council â€“ Maharashtra
2003 Setting up of Subsidiary Company Danube Fashions Limited
2004 Awarded 3 Star Export House Certificate Achieved the Export Targets set by Government of India in the yarn Division under the target Plus Scheme
2005 Set up a Subsidiary in GermanyLaunched Haute Chilli Brand in IndiaAchieved the export targets set by Government of India in the yarn Division 2nd year straight
2006 Set up a Subsidiary in Australia
2006 â€“ Filed DRHP with SEBI
2007 â€“ Got listed on the Bombay Stock Exchange and the National Stock Exchange