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Castex Technologies Ltd. Stock Analysis

Small Cap
Evaluated by 1410 users | BSE: 532282 | NSE: CASTEXTECH |
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Amtek India (AIL), one of the flagship companies of Amtek group, was incorporated as a public limited company under the name of ‘Best Leasing and Finance’ on December 02, 1983 with the registrar of companies Delhi and Haryana. The name of the company was changed to...

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.
Castex Technologies Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Jun'10Jun'11Jun'12Sep'13Sep'14Sep'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 4.62%5.26%6.82%6.71%6.7%3.03%-0.77%-2.35%-18.75%-12.28%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 9741,4281,8751,8382,9912,7402,0371,467525459
Y-o-Y Gr. Rt.-46.6%31.2%-1.9%62.7%-8.4%-25.7%-28%-64.2%-12.5%
Adjusted EPS (Rs.) 3.034.125.996.138.73-4.1-18.71-20.05-47.69-19.82
Y-o-Y Gr. Rt.-36%45.4%2.3%42.4%-147%NANANANA
Book Value per Share (Rs.) 64.0667.5772.8764.3389.2490.19148.8446.81-0.91-20.68
Adjusted Net Profit 76.4114166170243-155-708-758-1,803-749
Net Op. Cash Flow (Rs. Cr.) 168196247802663885731505106-36.8
Debt to Cash Flow from Ops 11.989.6111.54.268.576.315.412.4360.37-175.69
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Castex Technologies Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -8%-31.3%-39.1%-12.5%
Adjusted EPS -223.2%-217.8%NANA
Book Value per Share -188.2-174.6-151.80
Share Price -43.2% -57.4% -59.7% -28%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Jun'10Jun'11Jun'12Sep'13Sep'14Sep'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 4.936.548.539.910.19-5.26-11.36-33.08-207.81183.56
Operating Profit Margin (%) 23.9527.6329.6630.7931.4926.318.4515.94-5.76-3.15
Net Profit Margin (%) 7.847.988.849.268.11-5.66-34.74-51.68-343.34-163.1
Debt to Equity 1.251.011.411.912.291.6323.55-185.95-8.26
Working Capital Days 2712393052592183409365561,131908
Cash Conversion Cycle 163144143135138208604303497379
Entity Percentage Holding
Promoters 46.86%
Institutions 0.45%
Non-Institutions 52.69%
Pledged *66.6766.6766.6766.6766.6766.6766.6766.6766.6766.67
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Castex Technologies and arrived at the following conclusion:

Past 10 year's financial track record indicates that Castex Technologies is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Castex Technologies's performance infers:

Castex Technologies earnings have declined by -217.8%, whereas share price has depreciated -57.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Castex Technologies share prices over the last 10 years. Here is what we found out:

Castex Technologies share price has depreciated -36.1% annually over the past ten years.

Amtek India (AIL), one of the flagship companies of Amtek group, was incorporated as a public limited company under the name of ‘Best Leasing and Finance’ on December 02, 1983 with the registrar of companies Delhi and Haryana. The name of the company was changed to ‘Worldwide Portfolio’ vide fresh certificate of incorporation dated September 17, 1992 issued by the registrar of companies Delhi and Haryana. The name of the company was subsequently changed to

Amtek India (AIL), one of the flagship companies of Amtek group, was incorporated as a public limited company under the name of ‘Best Leasing and Finance’ on December 02, 1983 with the registrar of companies Delhi and Haryana. The name of the company was changed to ‘Worldwide Portfolio’ vide fresh certificate of incorporation dated September 17, 1992 issued by the registrar of companies Delhi and Haryana. The name of the company was subsequently changed to ‘Amtek Finance’ vide fresh certificate of incorporation dated April 20, 1995 and further the name was changed to its existing name i.e, ‘Amtek India’ vide fresh certificate of incorporation dated December 27, 1995.

The company has two plants located at Narasinghpur in Gurgaon and at Bhiwadi in Rajasthan and its registered office is situated at Old Manesar Road, Village Narsinghpur, Gurgaon District, Haryana-122001.

Recently, D&A Financial Services on behalf of Amtek Auto, which is the acquirer company has made an announcement of open offer to the equity shareholders of Amtek India, for acquiring 2,52,30,450 equity shares of the face value of Rs 2 each, which represents 20% of paid-up share capital and resulting voting rights capital at a price of Rs 68 per fully paid-up equity shares which will be payable in cash.

The date of opening this offer is July 23, 2010 and closing is August 11, 2010. D&A Financial Services is the manager to the offer and Amtek India is the target company whose shares are needed to be acquired.

Business area of the company:

The company is engaged in the business of manufacturing of auto components with an integrated range of casting, machining and sub-assembly capabilities. The company makes wide range of components for engine and transmission modules. The company is a ‘Tier-1’ component supplier. It manufactures and supplies products for the two-wheelers, four-wheelers, HCV & LCV.

Subsidiaries of the company:

Sigmacast Iron: The company has acquired Sigmacast Iron, one of the largest suppliers of Turbo Charger Housings on 22nd June 2006 with a consideration of £4.6 mn (including bank liability of £3 mn).

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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