Nayara Energy Ltd - Stock Valuation and Financial Performance

BSE: 500134 | NSE: ESSAROIL | Refineries | Mid Cap

BSE Share Price
Not Listed

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Nayara Energy stock performance -

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P/E Ratio (SA):
36.99
Market Cap:
38,094.6 Cr.
52-wk low:
260.5
52-wk high:
263.3

Is an attractive stock to invest in?

1. Is a good quality company?

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

2. Is undervalued or overvalued?

No data found

3. Is a good buy now?

No data found

10 Year X-Ray of Nayara Energy:

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.
Nayara Energy 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.3%14.3%10.5%11.7%9.1%6.7%14.9%6.2%7.5%32.3%-
Value Creation
Index
-0.10.1-0.10.0-0.4-0.40.3-0.5-0.31.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,02,43987,06552,59760,86970,86185,67685,58062,74193,8881,17,09693,888
Sales YoY Gr.--15%-39.6%15.7%16.4%20.9%-0.1%-26.7%49.6%24.7%-
Adj EPS 6.716.616.618.813.16.419.43.58.1667.1
YoY Gr.-145.9%0.2%13.4%-30.3%-51.1%202.5%-82.1%134.3%711.9%-
BVPS (₹) 16.726.6126.1117.3118.9124127.1138.7145.8205.435.6
Adj Net
Profit
9782,4022,4082,8071,9589572,8945171,2129,8391,030
Cash Flow from Ops. 10,1742,9897,1509,1347,9001,14712,5891,8354,82917,029-
Debt/CF from Ops. 2.39.14.32.9313.50.972.10.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.5%10.6%11%24.7%
Adj EPS 28.9%38.1%50.4%711.9%
BVPS32.2%11.6%17.3%40.9%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
55.361.620.315.711.15.315.52.65.737.65.9
Op. Profit
Mgn %
4.95.811.913.88.24.17.24.45.315.39.6
Net Profit
Mgn %
12.84.64.62.81.13.40.81.38.41.1
Debt to
Equity
9.871.71.51.30.80.60.60.50.3-
Working Cap
Days
76102201207117555254524990
Cash Conv.
Cycle
-4-20-63-63-46-15-6-25-14-14-29

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 - Nayara Energy Ltd.

Standalone Consolidated
TTM EPS (₹) 7.1 6.4
TTM Sales (₹ Cr.) 93,888 93,889
BVPS (₹.) 35.6 148.8
Reserves (₹ Cr.) 3,715 20,135
P/BV 7.37 1.76
PE 36.99 41.36
From the Market
52 Week Low / High (₹) 260.50 / 263.30
All Time Low / High (₹) 3.05 / 360.00
Market Cap (₹ Cr.) 38,095
Equity (₹ Cr.) 1,450.7
Face Value (₹) 10
Industry PE 17.7

Management X-Ray of Nayara Energy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *66.8951.3571.5471.5471.5471.5471.5471.5471.5455.50
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Nayara Energy

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
Sales1,02,438.6487,064.5952,596.8660,869.0570,861.4085,676.2085,579.9062,74193,8881,17,095.60
Operating Expenses 98,606.7082,329.6546,878.5152,530.6365,470.1582,897.2079,856.2060,068.4089,133.9099,534.60
Manufacturing Costs2,032.641,915.092,129.841,823.381,971.651,709.201,533.601,264.801,966.502,442.30
Material Costs90,253.2774,954.1542,418.9148,609.6959,627.0876,467.8074,642.4055,908.6083,793.7093,289.30
Employee Cost 224.61229.21319.32421.70467.44526.70698.10670.20760.70831.80
Other Costs 6,096.185,231.202,010.441,675.863,403.984,193.502,982.102,224.802,6132,971.20
Operating Profit 3,831.944,734.945,718.358,338.425,391.252,7795,723.702,672.604,754.1017,561
Operating Profit Margin (%) 3.7%5.4%10.9%13.7%7.6%3.2%6.7%4.3%5.1%15.0%
Other Income 948.751,026.412,288.302,849.261,231.601,718.70680.701,055.50313.40750.20
Interest 3,296.392,564.762,682.173,765.682,750.122,232.902,736.702,085.301,783.202,161.90
Depreciation 1,355.21757.121,573.191,680.991,403.091,548.902,217.601,918.301,935.303,394.90
Exceptional Items 0-918-712.77-5,251.19-1,814.56-177.30-454.40000
Profit Before Tax 129.091,521.473,038.52489.82655.08538.60995.70-275.501,34912,754.40
Tax 3.2901,498.85954.28282.37194.40-1,522.60-742319.103,162.80
Profit After Tax 125.801,521.471,539.67-464.46372.71344.202,518.30466.501,029.909,591.60
PAT Margin (%) 0.1%1.7%2.9%-0.8%0.5%0.4%2.9%0.7%1.1%8.2%
Adjusted EPS (₹)0.910.510.6-3.12.52.316.93.16.964.4
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 2,430.633,869.0918,305.8617,502.8417,737.2818,505.1018,967.1020,685.1021,748.2030,633.50
Share Capital 1,466.121,466.121,467.271,507.161,507.161,507.201,507.201,507.201,507.201,507.20
Reserves 964.512,402.9716,838.5915,995.6816,230.1216,997.9017,459.9019,177.9020,24129,126.30
Minority Interest0000000000
Debt21,041.5325,259.2729,122.2424,208.2721,917.7214,677.2010,757.309,588.509,245.507,510.90
Long Term Debt14,284.5515,189.3517,868.1414,056.6114,578.678,9379,8807,255.907,507.206,671
Short Term Debt6,756.9810,069.9211,254.1010,151.667,339.055,740.20877.302,332.601,738.30839.90
Trade Payables19,815.0518,833.3325,309.5626,159.0517,197.109,271.809,641.4011,754.9017,008.5014,584.90
Others Liabilities 8,775.609,880.5113,853.0517,147.6611,993.1427,827.8036,331.6034,459.9033,058.1030,988.50
Total Liabilities 52,062.8157,842.2086,590.7185,017.8268,845.2470,281.9075,697.4076,488.4081,060.3083,717.80

Fixed Assets

Gross Block26,310.5127,718.1542,411.4742,372.6642,551.9747,546.7067,15167,553.4067,955.8068,670.70
Accumulated Depreciation5,677.296,448.902,144.413,508.784,894.315,672.508,375.7010,020.8011,892.5014,204.40
Net Fixed Assets20,633.2221,269.2540,267.0638,863.8837,657.6641,874.2058,775.3057,532.6056,063.3054,466.30
CWIP 3,738.363,601.593,624.82400.04367.52476.10525.20899.602,272.904,054.80
Investments 5982,324.751,139.23147.0213,990.9810,610.5000.402.701,782.80
Inventories9,309.965,130.903,942.506,985.627,305.319,4695,928.109,344.8012,350.309,595.30
Trade Receivables7,100.1012,411.4715,626.5417,464.912,927.033,689.101,270.301,967.905,086.605,223.80
Cash Equivalents 3,630.082,044.741,587.893,366.753,442.611,106.104,107.504,169.702,328.606,915.90
Others Assets7,053.0911,059.5020,402.6717,789.603,154.133,056.905,0912,573.402,955.901,678.90
Total Assets 52,062.8157,842.2086,590.7185,017.8268,845.2470,281.9075,697.4076,488.4081,060.3083,717.80

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 10,174.352,988.967,150.029,133.547,899.801,146.7012,588.601,834.504,828.8017,028.80
PBT 129.091,521.472,787.44-1,718.67562.81538.60995.70-275.501,34912,754.40
Adjustment 3,877.412,982.663,359.3011,402.244,298.642,934.604,4104,182.103,634.205,709.70
Changes in Working Capital 6001.36-1567.671088.89-306.433193.4-2198.57300-2513.7-422.8-593.9
Tax Paid 166.4952.50-85.61-243.60-155.05-128-117.10441.60268.40-841.40
Cash Flow From Investing Activity -1,869.75-4,828.02-6,481.36-1,616.52-1,443.30355.30-694.30-425.60-1,920.50-4,718.30
Capex -1,368-761.80-1,126.10-497.86-408.75-1,525.90-503.80-795.80-1,685.80-3,774.20
Net Investments -505.42-2,126.43439.9525.893,591.991,660.80-356.70244.50-326.90-1,067.10
Others 3.67-1,939.79-5,795.21-1,144.55-4,626.54220.40166.20125.7092.20123
Cash Flow From Financing Activity -7,377.50899.02-1,008.21-5,910.57-5,627.36-3,630.40-9,468.20-1,048.90-5,129.40-7,011.70
Net Proceeds from Shares 007.950000000
Net Proceeds from Borrowing -3,119.95-2,000.122,866.33-970.45-891.06185.50-2,273.20-308.80-2,420.60-1,136.30
Interest Paid -3,020.99-2,432.48-2,537.37-3,896.29-2,151.86-2,056.60-2,392.50-1,663.70-1,476.10-2,119.50
Dividend Paid 0000000000
Others -1,236.565,331.62-1,345.12-1,043.83-2,584.44-1,759.30-4,802.50923.60-1,232.70-3,755.90
Net Cash Flow 927.10-940.04-339.551,606.45829.14-2,128.402,426.10360-2,221.105,298.80
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.1848.5613.91-2.62.121.913.452.354.8636.65
ROCE (%)12.8113.9214.049.137.967.3611.585.659.5942.39
Asset Turnover Ratio2.161.70.860.841.111.421.371.151.531.68
PAT to CFO Conversion(x)80.881.964.64N/A21.23.3353.934.691.78
Working Capital Days
Receivable Days203882844412971114
Inventory Days34282728303128323329
Payable Days63941901931336346706362

Nayara Energy Ltd Stock News

Nayara Energy Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nayara Energy on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Nayara Energy stood at ₹38,094.6.
The latest P/E ratio of Nayara Energy as of 01-Jan-1970 05:30 is 36.99.
The latest P/B ratio of Nayara Energy as of 01-Jan-1970 05:30 is 7.37.
The 52-week high of Nayara Energy is ₹263.3 and the 52-week low is ₹260.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nayara Energy is ₹93,888 ( Cr.) .

About Nayara Energy Ltd

Essar Oil (EOL), incorporated in 1989 is engaged in exploration and production (E &P), refining and marketing of oil and oil related products.

It offers a spectrum of products to bulk customers in the industrial & transport sectors. It supply aviation turbine fuel to Indian Armed Forces. It has tied up with  oil marketing companies, namely Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL).

It the first private company in India to enter into petro-retailing sector through franchisee model. It has country-wide network of 1274 retails outlets through which its serves its customers.

Company’s global portfolio of onshore and offshore oil and gas blocks, with about 45,000 sq km is available for exploration. It has over 300,000 bpsd (barrels per stream day) of global crude-refining capacity that is being expanded to 375,000 bpsd, with the refining capacity being enhanced by almost double. It has a controlling stake of 50 percent stake in Kenya Petroleum Refineries Ltd’s  80,000-bpsd refinery; the remaining 50 percent is owned by the Kenyan government.

Essar Oil's assets include developmental rights in proven exploration blocks, a 14 MTPA refinery on the west coast of India and over 1,376 Essar-branded oil retail outlets across India.

In 2010 Amalgamation of the 100% subsidiary, Essar Oil Vadinar Ltd. with Essar Oil ltd and Essar Oil was declared winner of four Coal Bed Methane blocks."

Essar Energy plc completed the $350 million acquisition of the oil refinery and other associated assets at Stanlow, near Ellesmere Port, Cheshire, from Shell UK Limited in August 2011.The acquisition of the Stanlow refinery gives Essar Energy direct access to the UK market. It is also aligned with Essar Energy’s strategy to provide options for the export of high value fuel products from its refinery at Vadinar, in Gujarat state, India. Vadinar currently has a capacity of 300,000 barrels a day and this will be increased to 375,000bpd under a phase I expansion plan, due to be completed by the end of this year, and to 405,000bpd by September 2012 under a further optimisation project.

Business

Exploration and Production (E&P)

It has participating Interest in many hydrocarbon blocks for E&P of oil and gas, which includes Ratna and R-Series blocks in the Bombay High. Its E&P block of Mehsana in Gujarat has currently started commercial production. It also has coal bed methane (CBM) blocks Raniganj,West Bengal, two blocks in Assam, three onshore oil and gas blocks in Madagascar, Africa and one offshore each in Vietnam and Nigeria.

Refinery

Its refinery unit is situated in Vadinar in Gujarat. Its current refinery capacity is 2,40,000 barrel per day (12 MTPA) , but with an investment of $6 billion it is increasing the capacity to 6,80,000 barrels per day (34 MTPA) . It also produces LPG, naphtha, light diesel oil, aviation turbine fuel (ATF) and kerosene.

Retail Business

Essar Oil wants to grow its retails network from 1274 outlets to 5000 outlets across the country. Through its retails outlets, it also supplies its branded petrol Punch  and high speed diesel .It also has tie-ups with companies like Castrol (for lubes), Pepsi and Coca Cola (for beverages), Biostad and Rallis (for fertilisers), Tata Indicom (for PCO booths) and HDFC.

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