Alfa Laval (India) Ltd Stock Analysis

BSE: 505885 | NSE: ALFALAVAL | Engineering - Industrial Equipments | Mid Cap

BSE Share Price
Not Listed

DeciZen - Make an Informed Decision on Alfa Laval (India)

Overall Rating

2. Valuation

Undervalued
P/E P/S EV/EBITDA

3. Price Trend

10 Year X-Ray:

Analysis of Financial Track Record

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
Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15TTM
ROCE % 30.7%32.7%32.7%37.8%26.2%26.7%21.1%20.6%18%14.9%-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 5936957998888361,1541,0511,1171,1261,0641,064
YoY Gr. Rt. %-17.1%15.1%11%-5.8%38.1%-8.9%6.2%0.9%-5.5%-
Adj EPS 3846.553.371.256.96662.575.279.177.683.4
YoY Gr. Rt. %-22.4%14.7%33.6%-20.1%15.9%-5.3%20.3%5.2%-1.9%-
BVPS (₹) 127.7148.8169.2207.9232.5269.6333407.5488.4571.9269.6
Adj Net Profit 6984.496.9129103120114137144141152
Cash Flow from Ops. 4366.512215998.798.699.7123210138-
Debt/CF from Ops. 0.20.300000000-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 6.7%5%0.4%-5.5%
Adj EPS 8.3%6.4%7.5%-1.9%
BVPS 18.119.719.817.1
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide
Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15TTM
Return on Equity % 30.833.633.637.825.926.320.720.317.714.619.8
Op. Profit Mgn % 17.518.418.322.518.914.415.317.918.620.614.2
Net Profit Mgn % 11.612.212.114.612.410.410.812.212.813.214.2
Debt to Equity 00.100000000-
Working Cap Days 1881861821742001762162041991980
Cash Conv. Cycle 918981697969806471800

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 %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Alfa Laval (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 83.4 36
TTM Sales (₹ Cr.) 1,064 378
BVPS (₹.) 269.6 0
Reserves (₹ Cr.) 472 158
P/BV 14.64 0.00
PE 47.30 109.68
From the Market
52 Week Low / High (₹) 3940.00 / 3948.00
All Time Low / High (₹) 73.50 / 4100.00
Market Cap (₹ Cr.) 7,167
Equity (₹ Cr.) 18.2
Face Value (₹) 10
Industry PE 32.1

Management X-Ray:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Alfa Laval (India) Ltd

Alfa Laval India (ALIL) incorporated in 1937, is engaged in business of manufacturing and supplying of components and systems for centrifugal separation, heat transfer and fluid handling. Company is part of 125 year old Alfa Laval Group. In India, company started its journey by setting up selling outlet of Alfa Laval products. In 1961, company established its manufacturing unit in Pune that manufactured plants and equipment for food, chemical, and pharmaceutical industries.

In 1987 it became a holding company of Alfa Laval Group and was renamed as Alfa Laval India. The company has sales offices located at New Delhi, Mumbai, Kolkata, Chennai, Bangalore, Pune, Hyderabad, Indore, and Baroda.

Today, ALIL is a well known supplier of Plate and Spiral Exchangers, Centrifugal Separators Decanters and Sanitary Flow Equipment. Company offers solutions to industries namely beverages, biofuels, biotech and pharmaceuticals, chemicals, food, HVAC, machinery, marine and diesel power, metals and minerals, extraction, metal-working, oil and gas, oil refinery, power, pulp and paper, refrigeration and cooling, water and wastewater treatment and vital areas

Alfa Laval Group (Parent Group)

Alfa Laval Group founded in 1845 by Gustaf de Laval. The group has employee strength of 11,500 people. The group has presence in North America, Latin America, Western Europe, Middle East and South East Asia. Company has total 26 large and medium sized manufacturing units located in Europe (16), Asia (6), US (3) and Brazil (1). The group has global network of skilled service specialists and around 70 service centres.

Milestones

  • 1937- On December, the company was founded as Vulcan Trading Co. which acted as trading company. This was wholly owned subsidiary of Svenska Tandsticks Aktieboleaget.
  • 1961-Company established a unit at Dapodi, Pune to manufacture of plant and machinery that would cater industries like food, dairy, chemical and pharmaceutical industries.
  • 1965- An Indian arm of Alfa-Laval AB, Sweden was set up as Alfa-Laval in Pune. In October, Vulcan Trading and Alfa-Laval were merged leading to formation of Vulcan-Laval. This company entered into technical collaboration with Alfa-Laval AB, Sweden to manufacture of milk plant equipment, farm equipment, DE-Laval centrifugal separators, plate heat exchangers and other equipment for various industrial applications.
  • 1977- Company was granted approval from Government to diversify into the manufacturing of sophisticated moulding and shot blasting machines and hydraulic presses in technical collaboration with Arence-BMD Machinenfabrik GmbH, West Germany.
  • 1979- Company formed a technical collaboration Titanium Fabricators Sheffield, U.K. for specialised chemical plant fabrication.
  • 1983-Company set up a unit located at Satara to manufacture dairy equipment.
  • 1987-Satt Control (India) became a subsidiary of the company which was later merged with the parent company in 1990. Alfa Laval Financial Services a subsidiary of the company was incorporated.
  • 1993-Company became subsidiary of Alfa Laval AB.
  • 2001-Lavrids Knudsen Maskinfabrik (India) was merged with company.
  • 2002-Alfa Laval Financial Services was merged with company. Alfa Laval collaborated with Katzen Inc, to supply technology for ethanol fuel production plants.
  • 2004-The production capacity of separators, decanters, plate heat exchangers and spiral heat exchangers and fabrication equipment was increased by 200 Nos, 100 Nos, 20 Nos and 400 Tonnes respectively.
  • 2005- Skansen Engineering and Consultancy Company was merged with the company. Alfa Laval received distillery order from OGPSCL. Company increased capacity of Decanters by 325 Nos.
  • 2006-ALIL augmented production capacity of plate heat exchangers and spiral heat exchangers by 300 Nos; company installed lubricating oil filters unit with production capacity of 50 Nos.
  • 2007- The production capacity of separators, decanters, plate heat exchangers & sprial heat exchangers and lubricating oil filter by 575 Nos, 100 Nos, 1470 Nos and 300 Nos respectively.
  • 2008- Company was awarded an order for three thermal evaporation systems from Vedanta Aluminum.
  • 2011 - Alfa Laval acquiries Aalborg Industries and strenghten it's offer to the marine and off-shore industry - and beyond. Aalborg Industries is the biggest acquisition so far for Alfa Laval.
    Alfa Laval wins INR 455 million food order in India.
    Alfa Laval Group wins SEK 60 million heat exchanger order to the first nuclear power plant in the UAE.
    Alfa Laval wins major brewery order in Brazil.
  • 2012
    Alfa Laval wins groundbreaking marine environmental order from MAN Diesel & Turbo.
    Alfa Laval wins a SEK 60 million unique energy efficiency order from AkzoNobel.
    Alfa Laval wins SEK 70 million energy-efficiency order in Russia.
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