Nirmitee Robotics India Ltd - Stock Valuation and Financial Performance

BSE: 543194 | NSE: | Professional Services | Small Cap

Nirmitee Robotics Share Price

145.25 0.00 0.00%
as on 09-Apr'24 16:01

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Nirmitee Robotics India stock performance -

mw4me loader
P/E Ratio (SA):
83.65
Market Cap:
52.3 Cr.
52-wk low:
94.1
52-wk high:
152.9

Is Nirmitee Robotics India Ltd an attractive stock to invest in?

1. Is Nirmitee Robotics India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nirmitee Robotics India Ltd is a below average quality company.

2. Is Nirmitee Robotics India Ltd undervalued or overvalued?

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

3. Is Nirmitee Robotics India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nirmitee Robotics India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Nirmitee Robotics:

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.
Nirmitee Robotics India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.3%15.4%9%13.8%7.6%7.9%12.4%-
Value Creation
Index
-0.60.1-0.40.0-0.5-0.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.10.823.33.54.25.45
Sales YoY Gr.-1,283.3%144.6%60.6%7.4%18.9%29.1%-
Adj EPS 0.88.514.61.20.60.91.71.7
YoY Gr.-925.3%71%-91.6%-48%42.2%91.2%-
BVPS (₹) 2.510.725.3311.712.714.414.4
Adj Net
Profit
00.10.10.30.20.30.61
Cash Flow from Ops. 00-1.30.6-1.80.50-
Debt/CF from Ops. 00-0.100-057.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA45.3%18.1%29.1%
Adj EPS NA-27.2%12.3%91.2%
BVPSNA6%69.3%13.6%
Share Price - - 33.8% 39.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
33.317.89.3146.97.412.912.1
Op. Profit
Mgn %
13.219.112.614.111.912.117.5NAN
Net Profit
Mgn %
8.59.36.59.66.67.911.611.7
Debt to
Equity
5.30.100000.2-
Working Cap
Days
0742062163193663660
Cash Conv.
Cycle
0401551331581821640

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.10%

Sales growth is growing at healthy rate in last 3 years 18.10%

Net Profit is growing at healthy rate in last 3 years 12.26%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Nirmitee Robotics India Ltd.

Standalone Consolidated
TTM EPS (₹) 1.7 1.8
TTM Sales (₹ Cr.) 5.4 5.4
BVPS (₹.) 14.4 11.5
Reserves (₹ Cr.) 2 2
P/BV 10.11 12.68
PE 83.65 83.04
From the Market
52 Week Low / High (₹) 94.10 / 152.85
All Time Low / High (₹) 31.17 / 153.70
Market Cap (₹ Cr.) 52.3
Equity (₹ Cr.) 3.6
Face Value (₹) 10
Industry PE 48.9

Management X-Ray of Nirmitee Robotics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Nirmitee Robotics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales0.060.832.033.263.504.165.37
Operating Expenses 0.050.671.782.803.083.664.43
Manufacturing Costs00.060.690.841.371.731.34
Material Costs00.1700-0.08-0.100.87
Employee Cost 0.030.120.571.061.111.191.37
Other Costs 0.020.320.520.900.690.840.86
Operating Profit 0.010.160.250.460.420.500.94
Operating Profit Margin (%) 13.2%19.1%12.5%14.1%11.9%12.1%17.5%
Other Income 0000.020.020.010.01
Interest 00000.030.030.08
Depreciation 00.050.080.060.070.060.08
Exceptional Items 0000.02000
Profit Before Tax 0.010.110.180.440.330.430.80
Tax 00.030.050.110.100.100.17
Profit After Tax 00.080.130.330.230.330.63
PAT Margin (%) 8.5%9.3%6.4%10.1%6.6%7.8%11.6%
Adjusted EPS (₹)0.88.514.61.30.60.91.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 0.010.851.982.514.234.555.18
Share Capital 0.010.771.772.170.600.603.60
Reserves 00.080.210.333.633.951.57
Minority Interest0000000
Debt0.080.080.080.010.01-0.011.22
Long Term Debt0.080.080.080.010.010.011.05
Short Term Debt0000.010-0.020.18
Trade Payables0.0100.060.130.030.070.53
Others Liabilities 0.020.120.230.270.590.481.25
Total Liabilities 0.121.052.352.924.855.098.18

Fixed Assets

Gross Block0.060.230.270.330.570.670.87
Accumulated Depreciation000.100.160.320.370.45
Net Fixed Assets0.060.230.160.170.260.290.42
CWIP 0000.070.010.010
Investments 00.0300000.60
Inventories00000.080.180.12
Trade Receivables00.201.611.032.101.893.43
Cash Equivalents 0.040.480.210.790.360.680.49
Others Assets0.020.120.360.852.042.053.12
Total Assets 0.121.052.352.924.855.098.18

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 00-1.290.56-1.820.450.02
PBT 000.180.440.330.430.80
Adjustment 000.080.020.090.070.10
Changes in Working Capital 00-1.490.21-2.150.05-0.7
Tax Paid 00-0.06-0.11-0.09-0.11-0.18
Cash Flow From Investing Activity 000.02-0.10-0.07-0.08-1.21
Capex 00-0.01-0.04000
Net Investments 000.030000
Others 000-0.06-0.07-0.08-1.21
Cash Flow From Financing Activity 0010.131.46-0.041
Net Proceeds from Shares 0010.201.4900
Net Proceeds from Borrowing 000-0.07001.04
Interest Paid 0000-0.03-0.03-0.03
Dividend Paid 0000000
Others 00000-0.020
Net Cash Flow 00-0.270.58-0.440.32-0.18
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)33.33137.2580.8166.769.287.4412.85
ROCE (%)7.721.3812.2919.2910.8310.4616
Asset Turnover Ratio0.481.411.21.240.90.840.81
PAT to CFO Conversion(x)N/A0-9.921.7-7.911.360.03
Working Capital Days
Receivable Days087163148163175181
Inventory Days000091210
Payable Days9991100-348-162125

Nirmitee Robotics India Ltd Stock News

Nirmitee Robotics India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nirmitee Robotics on 09-Apr-2024 16:01 is ₹145.2.
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 09-Apr-2024 16:01 the market cap of Nirmitee Robotics stood at ₹52.31.
The latest P/E ratio of Nirmitee Robotics as of 09-Apr-2024 16:01 is 83.65.
The latest P/B ratio of Nirmitee Robotics as of 09-Apr-2024 16:01 is 10.11.
The 52-week high of Nirmitee Robotics is ₹152.8 and the 52-week low is ₹94.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nirmitee Robotics is ₹5.37 ( Cr.) .

About Nirmitee Robotics India Ltd

Nirmitee Robotics India was incorporated as “Nirmitee Robotics India Private Limited” on August 12, 2016 under the Companies Act, 2013 with the Registrar of Companies, Mumbai. Subsequently, the status of the Company was changed to public limited company and the name of the company was changed to “Nirmitee
Robotics India Limited” vide Special Resolution dated February 19, 2020. A fresh certificate of incorporation consequent to conversion was issued to the company by the Registrar of Companies, Mumbai on March 02, 2020.

The company is certified by ISO 9001:2015. This certification allows it to implement Quality Management System and operating successfully in various regions. It is also certified by NADCA as a regular member for conducting air duct cleaning business in accordance with the mandatory code of ethics.

The company is equipped and experienced to handle all kinds of HVAC Air Duct Cleaning, no matter whatever the complexity is. It serves a broad range of industries e.g.- it offers service to offices, convention centers, hospitals, train and it specializes in Buildings that house Sensitive Equipment like Data Centers.

The company has built in-house training and development programs for continuous training needs identification and delivery. Its training covers on-site rules and regulations, processes; soft skills, Hard Skills across housekeeping, maintenance, customer services and environment, Health and Safety, fire etc.

Business area of the company

The company is a tech based company making robots using robotic technology, and it is engaged in providing HVAC Duct Cleaning and Ozone sterilization services with these robots. The company makes custom- made robots - operated by machines that clean the inside of HVAC Air Ducts - by scrubbing, polishing, sucking, scraping and removal of the accumulated contaminants like dust, debris, bacteria, mold and even dead pests and rodents and provides the Ozone treatment to the ducts from the inside and thus sanitizes it for many more months to come. The company has its own fleet of patented, duct cleaning robots, which are employed in its service to do the inspection, cleaning and post-cleaning operations. All these robots are fitted with an advanced controller mechanism and a high resolution camera.

Milestones

  • August 2016: Incorporated as “Nirmitee Robotics India Private Limited”
  • December 2016: Applicatiion for patent for Robotic Cleaning System
  • November 2017: Received DIPP Certification recognising the company as a StartUp
  • February 2018: Received ISHRAE Membership by Indian Society of Heating, Refrigerating and Air Conditioning Engineers
  • March 2018: Received ISO 9001:2015- Implementation of Quality Management System for scope of Manufacturing & Sale of Duct Cleaning Robot and Providing Services of Robotic Duct Cleaning and Sterilization by Ozone
  • June 2018: Received NADCA Membership for being a Regular Member in good standing conducting its air duct cleaning business in accordance with the mandatory code of ethics.
  • September 2019: Received British Safety Council Member membership for being committed to keeping people safe and healthy at work.
  • January 2019: Received annual membership for the year 2019 from Indian Green Building Council.
  • June 2019 Received grant for the patent application for Robotic Cleaning System
  • October 2019: Received Esteemed Start-Up Category membership under Associate Membership of FICCI.
  • March 2020 Conversion of Private Company “Nirmitee Robotics India Private Limited” to Public Company “Nirmitee Robotics India Limited”.
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