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Willard India Ltd (WILLARDLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 504227 NSE: WILLARDLTD Sugar | Small Cap | Willard India Share Price

BSE Share Price
Not Listed

Willard India Ltd (WILLARDLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 504227 NSE: WILLARDLTD Sugar | Small Cap | Willard India Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹8 Cr.
Current Price
₹0
52-Week Low / High
₹8 / 8
TTM EPS
₹0.9
TTM Sales
₹0 Cr.
Book Value per Share
₹5.9
P/E Ratio
8.01
In line with its 5-year historical median
Industry PE
24.7
Price to Book (P/B)
1.29
Higher than its 5-year historical median
Price to Sales (P/S)
0.00
EV/EBITDA
35.98
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
15.52%
Return on Capital Employed (ROCE)
12.05%
Return on Assets (ROA)
10.55%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
38.17%
Pledged shares (%) of Promoter's holding (%)
56.95%
Reserves
₹-5 Cr.
Equity
₹11.2 Cr.
Face Value
₹10
All Time Low / High
₹0.70 / 122.50

Willard India stock performance

Key Ratios
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10 Year X-Ray : Login to view analysis.

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.
Willard 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

Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11TTM
ROCE % -10.1%-1.3%-7.9%-3.3%-10%-7.3%-166.6%-2.7%-3.5%12.1%-

Growth Parameters

Sales 13613010612311715483.50000
Sales YoY Gr.--4.8%-18.1%16.3%-5.5%31.8%-45.7%-100%NANA-
Adj EPS 0.1-2.1-3.1-1.8-3.3-5.8-49.8-0.1-0.10.20.9
YoY Gr.--3142.9%NANANANANANANANA-
BVPS (₹) 9.97.74.91.6-3.9-10.63.132.83.35.9
Adj Net
Profit
0.1-4.5-6.9-4.1-7.4-13-111-0.3-0.30.51
Cash Flow from Ops. 16.57.910.50000-0.20-0-
Debt/CF from Ops. 5.8117.80000-4.8289.40-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%NA
Adj EPS 13%NANANA
BVPS-11.6%NA2.2%16.7%
Share Price - - - -

Key Financial Parameters

Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11TTM
Return on
Equity %
0.4-16-29.5-23.3-79.2696.7-22215.3-3-3.85.720.5
Op. Profit
Mgn %
4.11.9-4.64.5-0.2-0.6-100000NAN
Net Profit
Mgn %
0.1-3.5-6.5-3.3-6.3-8.4-133.3000INF
Debt to
Equity
3.33.44.17.238.3-90.10.10.10-
Working Cap
Days
1651681951591601271250000
Cash Conv.
Cycle
245810828-35-2150000

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11
Sales136.21129.67106.19123.46116.69153.7883.46000
Operating Expenses + 130.90127.22111.07117.99117154.72166.940.330.400.20
Manufacturing Costs15.9617.8813.5814.6311.9616.8111.040.0100
Material Costs83.8274.5069.1170.2079.38103.6158.07000
Employee Cost 24.8427.1718.8727.2920.8227.6747.260.170.040.02
Other Costs 6.287.679.515.864.846.6350.570.150.360.19
Operating Profit 5.312.45-4.885.47-0.31-0.95-83.48-0.33-0.40-0.20
Operating Profit Margin (%) 3.9%1.9%-4.6%4.4%-0.3%-0.6%-100.0%---
Other Income + 1.030.791.190.871.710.884.110.070.080.44
Exceptional Items -15.6900-4.90-7.06-2.64-10.08000.82
Interest 3.053.354.336.197.048.377.05000
Depreciation 4.724.764.794.834.854.793.19000
Profit Before Tax -17.12-4.87-12.81-9.58-17.55-15.87-99.68-0.26-0.321.06
Tax -6.34-0.36-6.08-2.10-5.22-1.0818.62000
Profit After Tax -10.77-4.51-6.73-7.48-12.33-14.79-118.30-0.26-0.321.06
PAT Margin (%) -7.9%-3.5%-6.3%-6.1%-10.6%-9.6%-141.0%---
Adjusted EPS (₹)-5.3-2.1-3.0-3.4-5.5-6.6-52.9-0.1-0.10.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Willard India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11

Equity and Liabilities

Shareholders Fund + 30.0626.3620.5512.882.75-12.218.037.787.468.51
Share Capital 29.2630.2631.3631.3633.7433.7412.3612.3612.3612.36
Reserves 0.80-3.90-10.80-18.48-30.99-45.95-4.32-4.58-4.90-3.84
Debt +94.9686.6281.5890.97101.33109.460.770.770.770
Long Term Debt94.9686.6281.5890.97101.33109.460.770.770.770
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables27.710032.1034.4237.310.010.0201.27
Others Liabilities 4.2038.4739.05-0.43-12.23-3.931.281.391.790.21
Total Liabilities 156.93151.44141.19135.52126.26130.6410.099.9510.0110

Fixed Assets

Net Fixed Assets +66.4062.5058.8954.5249.9445.510000
Gross Block108.03108.85110.21110.51110.79111.210000
Accumulated Depreciation41.6346.3551.3155.9960.8565.700000
CWIP 19.7419.5419.7019.5219.5319.530000
Investments 0.780.780.830.840.840.849.789.789.789.78
Inventories20.2421.3720.8917.3014.0823.030000
Trade Receivables15.5215.668.518.237.737.780000
Cash Equivalents 7.804.154.925.424.895.150.170.010.010
Others Assets 26.4427.4327.4429.6829.2528.800.150.170.230.21
Total Assets 156.93151.44141.19135.52126.26130.6410.099.9510.0110

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'97Mar'98Mar'99Mar'02Mar'03Mar'04Mar'09Mar'10Mar'11
Cash Flow From Operating Activity + 1.945.4911.7316.507.8710.50-0.160-0
PBT -8.200.77-16.28-1.43-4.87-12.81-0.26-0.320.23
Adjustment 13.1818.5619.788.088.9514.29000
Changes in Working Capital -3.03-13.846.4110.384.390.110.340.17
Tax Paid 0000-00.01-0.01-0.010
Cash Flow From Investing Activity + -7.19-10.22-6.28-5.46-0.95-1.39000
Capex -8.04-10.64-6.35-5.63-1.09-1.45000
Net Investments -0.72000-0.02-0.03000
Others 1.570.410.070.170.150.09000
Cash Flow From Financing Activity + 0.893.821.17-9.75-10.57-8.34-0-00
Net Proceeds from Shares 005000000
Net Proceeds from Borrowing 09.703.90-6.82-8.19-5.34000
Interest Paid -6.77-6.92-6.94-2.97-1.89-3.63-0-00
Dividend Paid 000000000
Others 7.661.04-0.790.04-0.490.62000
Net Cash Flow -4.36-0.916.621.29-3.650.76-0.160-0

Financial Ratio

PARTICULARSMar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11
Ratios
ROE (%)-42.58-24.78-49.3-102.980N/A0-3.83-4.9915.52
ROCE (%)-10.14-1.29-7.94-3.27-9.98N/A-166.55-2.7-3.4812.05
Asset Turnover Ratio0.840.880.770.920.921.241.24000
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/A0
Working Capital Days
Receivable Days36.1042.1039.402424.1017.800000
Inventory Days59.3056.2068.9054.7047.5042.500000
Payable Days111.2067.90083.40152.90126.40117.30000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.0056.9556.9556.95
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Willard India Ltd FAQs

The current trading price of Willard India 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 31-Dec-1969 the market cap of Willard India stood at ₹8.46 Cr

The latest P/E ratio of Willard India as of 31-Dec-1969 is 8.01.

The latest P/B ratio of Willard India as of 31-Dec-1969 is 1.29.

The 52-week high of Willard India is ₹7.57 and the 52-week low is ₹7.57.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Willard India is ₹0.00 ( Cr.) .

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

No data found

No data found

About Willard India Ltd

Willard India Ltd.was incorporated on May 11, 1973 at Kanpur, jointly promoted by K.P. Singh and American Universal Electric (India) Ltd. the company was established to manufacture all types of lead acid storage batteries such as automotive batteries, stationary batteries, train lighting cells and other related products such as hard rubber containers P.V.C. sintered separators.

It made its public issue in the year 1991. It is a part of the Bajoria B.P. /K.K. Group. It manufactures Jute goods at its plant at Visakhapatnam, Andhra Pradesh, and Baggasse, Molasses, Power and Sugar at its plant located at Bulandshahr, UP. The company is also into the manufacturing of all types of lead acid storage batteries such as automotive batteries, stationary batteries, train lighting cells and other related products.

In Oct 2003 the management of the ailing Willard India Ltd decided to bifurcate the company and create two new organizations - one looking after jute and the other sugar. The jute business was transferred to Chitavalsah Jute Mills Pvt Ltd and the sugar business to Agauta Sugar and Chemicals Pvt Ltd.

Earlier, the company used to have a battery manufacturing facility too which turned sick a few years ago. Subsequently, it was spun off into a separate company. As more than 50 per cent of the net worth of the company had been eroded, it was reported to the Board for Industrial & Financial Reconstruction (BIFR).

Meanwhile, in the preceding one and a half years, Bajoria infused roughly Rs 2 crore through a group company. Equity shares were allotted to this company on a preferential basis.

In Jan 2005 the process of bifurcating the sugar and jute business of the ailing Willard India Ltd got a fillip with the banks and financial institutions approving its debt restructuring package. A finance company, Perfect Career Consultants Pvt Ltd, was created to accommodate certain non-performing assets. The restructuring took effect with retrospective effect from October 1, 2004.

Willard India decided to hold 40 per cent stake in the jute and sugar companies and 100 per cent in the financial firm. The remaining 60 per cent stake in the two companies will be distributed among the minority shareholders.

Further the company informed that its 40% share in both the operating companies would increase the shareholders value once the debts are cleared.

Business area of the company:

  • Jute
  • Baggasse
  • Molasses
  • Power
  • Sugar
  • The company is also into the manufacturing of all types of lead acid storage batteries such as automotive batteries, stationary batteries, train lighting cells and other related products.

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