Willard India Ltd - Stock Valuation and Financial Performance

BSE: 504227 | NSE: WILLARDLTD | Sugar | Small Cap

BSE Share Price
Not Listed

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Willard India stock performance -

mw4me loader
P/E Ratio (SA):
8.01
Market Cap:
8.5 Cr.
52-wk low:
7.6
52-wk high:
7.6

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 Willard India 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 Willard India:

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

Value Creation Index Colour Code Guide

Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11TTM
ROCE % 1.6%-1.8%-3.6%0.2%-2.3%-6.9%-191.1%-2.7%-3.5%5.5%-

Growth Parameters

Growth Parameters Colour Code Guide

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. 16.57.910.50000-0.200-
Debt/CF from Ops. 5.8117.80000-4.8289.40-

CAGR

CAGR Colour Code Guide

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

Performance Ratio Colour Code Guide

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

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 %

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

Latest Financials - Willard India Ltd.

Standalone Consolidated
TTM EPS (₹) 0.9 -6
TTM Sales (₹ Cr.) 0 106
BVPS (₹.) 5.9 0.3
Reserves (₹ Cr.) -5 -11
P/BV 1.29 22.74
PE 8.01 0.00
From the Market
52 Week Low / High (₹) 7.57 / 7.57
All Time Low / High (₹) 0.70 / 122.50
Market Cap (₹ Cr.) 8.5
Equity (₹ Cr.) 11.2
Face Value (₹) 10
Industry PE 16

Management X-Ray of Willard India:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Willard India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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
Interest 3.053.354.336.197.048.377.05000
Depreciation 4.724.764.794.834.854.793.19000
Exceptional Items -15.6900-4.90-7.06-2.64-10.08000.82
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%

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
Minority Interest0000000000
Debt94.9686.6281.5890.97101.33109.460.770.770.770
Long Term Debt94.9686.6281.5890.97101.33109.460.770.770.770
Short Term Debt0000000000
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

Gross Block108.03108.85110.21110.51110.79111.210000
Accumulated Depreciation41.6346.3551.3155.9960.8565.700000
Net Fixed Assets66.4062.5058.8954.5249.9445.510000
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 Assets26.4427.4327.4429.6829.2528.800.150.170.230.21
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 1.945.4911.7316.507.8710.50-0.1600
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 000000.01-0.01-0.010
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 0.893.821.17-9.75-10.57-8.34000
Net Proceeds from Shares 005000000
Net Proceeds from Borrowing 09.703.90-6.82-8.19-5.34000
Interest Paid -6.77-6.92-6.94-2.97-1.89-3.63000
Dividend Paid 000000000
Others 7.661.04-0.790.04-0.490.62000
Net Cash Flow -4.36-0.916.621.29-3.650.76-0.1600
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 Days3642392424180000
Inventory Days5956695547420000
Payable Days11168083153126117000

Willard India Ltd Stock News

Willard India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing 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 01-Jan-1970 05:30 the market cap of Willard India stood at ₹8.46.
The latest P/E ratio of Willard India as of 01-Jan-1970 05:30 is 8.01.
The latest P/B ratio of Willard India as of 01-Jan-1970 05:30 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.) .

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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