Exedy India Ltd - Stock Valuation and Financial Performance

Name: Exedy India
Brand: Exedy India

BSE: 505923 | NSE: | Auto Ancillary | Small Cap

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Exedy India stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

205.7 Cr.

52-wk low:

342.1

52-wk high:

342.5

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1. Is a good quality company?

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2. Is undervalued or overvalued?

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10 Year X-Ray of Exedy India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	TTM
ROCE % ⓘ	-2.9%	-31%	-3.6%	-20.5%	-13.9%	-6.4%	22.4%	-6.6%	21.9%	-99.8%	-
Value Creation Index ⓘ	-1.2	NA	NA	NA	NA	NA	0.6	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	196	216	251	320	311	321	313	347	365	335	335
Sales YoY Gr.	-	9.9%	16.2%	27.5%	-2.6%	3.1%	-2.5%	10.8%	5.2%	-8.3%	-
Adj EPS ⓘ	-10.8	-44.3	-11.6	-24.3	-17.9	-10.3	2.2	-8.5	-1.1	-17.9	-17.9
YoY Gr.	-	NA	NA	NA	NA	NA	NA	-486.4%	NA	NA	-
BVPS (₹) ⓘ	26.8	-25.3	-29.8	-54	-60.9	-71.8	-66.3	-74.9	-75.3	-93.3	-25.3
Adj Net Profit ⓘ	-6.5	-26.6	-7	-14.6	-10.7	-6.2	1.3	-5.1	-0.6	-10.8	-11
Cash Flow from Ops. ⓘ	5.6	16.1	21.8	26.5	11.3	20.9	12.6	6.5	6.2	23.9	-
Debt/CF from Ops. ⓘ	13.7	4.3	3.3	2.8	6.4	3.1	5.1	9.5	9.8	2.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.1%	1.5%	2.2%	-8.3%
Adj EPS ⓘ	NA	NA	-301.3%	NA
BVPSⓘ	-214.9%	NA	NA	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	TTM
Return on Equity % ⓘ	-33.5	-5924.1	42.2	58.1	31.1	15.5	-3.2	12	1.4	21.3	30.2
Op. Profit Mgn % ⓘ	-1.2	-4.5	2.4	0.3	1.3	1.9	4.8	2.1	3.9	0.8	-2.7
Net Profit Mgn % ⓘ	-3.3	-12.3	-2.8	-4.6	-3.5	-1.9	0.4	-1.5	-0.2	-3.2	-3.2
Debt to Equity ⓘ	4.8	-4.6	-4	-2.3	-2	-1.5	-1.6	-1.4	-1.4	-1	-
Working Cap Days ⓘ	120	116	107	87	86	83	86	87	87	94	95
Cash Conv. Cycle ⓘ	-15	-32	-46	-53	-67	-80	-89	-59	-46	-55	23

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 - Exedy India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-17.9	-
TTM Sales (₹ Cr.)	335	-
BVPS (₹.) ⓘ	-25.3	-
Reserves (₹ Cr.) ⓘ	-21	-
P/BV ⓘ	-13.54	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	342.05 / 342.50
All Time Low / High (₹)	2.40 / 348.00
Market Cap (₹ Cr.)	206
Equity (₹ Cr.)	6
Face Value (₹)	10
Industry PE ⓘ	47.3

Management X-Ray of Exedy India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Exedy India

Analyst's Notes

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Key Ratios of Exedy India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Sales	196.25	215.74	250.66	319.70	311.40	321.10	313.07	346.93	365.07	334.61
Operating Expenses ⓘ	198.51	232.08	244.69	318.91	307.27	315.44	298.05	339.82	350.84	331.93
Manufacturing Costs	22.91	25.76	25.38	30.27	30.34	30.38	29.28	30.01	30.68	28.86
Material Costs	133.82	141.44	164.92	220.43	209.31	206.05	196.32	243.39	257.12	229.86
Employee Cost	16.21	22.53	28.18	34.14	39.24	39.03	39.87	43.22	44.39	46.22
Other Costs ⓘ	25.56	42.35	26.21	34.06	28.38	39.99	32.58	23.20	18.66	27
Operating Profit ⓘ	-2.25	-16.34	5.97	0.79	4.14	5.66	15.03	7.11	14.23	2.68
Operating Profit Margin (%)	-1.1%	-7.6%	2.4%	0.2%	1.3%	1.8%	4.8%	2.0%	3.9%	0.8%
Other Income ⓘ	9.38	0.13	6.49	0.24	9.69	3.42	3.93	2.03	2.22	1.24
Interest ⓘ	5.52	5.56	7.22	6.77	7.60	6.14	5.58	5.37	5.97	4.85
Depreciation ⓘ	8.07	9.41	8.01	8.89	10.36	9.50	10.08	8.93	10.74	9.84
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-6.47	-31.18	-2.77	-14.63	-4.13	-6.56	3.30	-5.16	-0.26	-10.77
Tax ⓘ	0	0.11	-0.15	0	0	0	0	0	0	0
Profit After Tax	-6.47	-31.29	-2.62	-14.63	-4.13	-6.56	3.30	-5.16	-0.26	-10.77
PAT Margin (%)	-3.3%	-14.5%	-1.0%	-4.6%	-1.3%	-2.0%	1.1%	-1.5%	-0.1%	-3.2%
Adjusted EPS (₹)	-10.8	-52.1	-4.4	-24.4	-6.9	-10.9	5.5	-8.6	-0.4	-17.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Equity and Liabilities
Shareholders Fund	16.10	-15.20	-17.89	-32.44	-36.57	-43.13	-39.84	-45	-45.25	-56.03
Share Capital ⓘ	6.01	6.01	6.01	6.01	6.01	6.01	6.01	6.01	6.01	6.01
Reserves ⓘ	10.09	-21.20	-23.90	-38.45	-42.58	-49.14	-45.84	-51	-51.26	-62.03
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	76.49	58.18	61.73	53.47	44.61	36.32	64.14	33.10	60.94	55.13
Long Term Debt	76.49	40.34	43.94	32.73	22.54	22.50	51.03	22.50	52.94	43.17
Short Term Debt	0	17.83	17.79	20.74	22.06	13.82	13.11	10.60	8.01	11.96
Trade Payables	71.74	78.89	93.93	117.30	110.41	128.29	119.91	121.21	117.67	133.57
Others Liabilities ⓘ	1.40	29.92	32.04	41.12	49.24	51.09	19.82	48.46	24.82	22.69
Total Liabilities ⓘ	165.73	151.79	169.80	179.45	167.69	172.56	164.03	157.77	158.18	155.36
Fixed Assets
Gross Block	121.71	137.41	159.65	171.27	180.47	187.50	188.83	190.07	193.96	198.76
Accumulated Depreciation	68.19	77.83	85.82	94.66	106.75	115.34	124.39	131.92	138.83	148.43
Net Fixed Assetsⓘ	53.52	59.58	73.83	76.61	73.71	72.16	64.43	58.15	55.13	50.33
CWIP ⓘ	5.99	7.04	0.61	0.24	0	1.01	0.86	1.93	0.23	0.46
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	37.85	35.91	36.11	38.49	28.78	28.96	30.93	33.33	41.81	42.60
Trade Receivables	40.83	29.45	36.27	36.40	38.10	43.07	40.01	43.32	46.77	40.47
Cash Equivalents	15.96	4.82	9.24	16.31	14.24	13.31	17.78	12.59	6.99	14.65
Others Assetsⓘ	11.59	14.98	13.74	11.42	12.86	14.04	10.01	8.44	7.25	6.85
Total Assets ⓘ	165.73	151.79	169.80	179.45	167.69	172.56	164.03	157.77	158.18	155.36

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Cash Flow From Operating Activity ⓘ	5.60	16.07	21.84	26.47	11.32	20.93	12.57	6.47	6.21	23.87
PBT ⓘ	-6.47	-31.18	-2.77	-14.63	-4.13	-6.56	3.30	-5.16	-0.26	-10.77
Adjustment ⓘ	16.23	22.18	11.78	13.52	3.24	28.25	11.20	19.83	16.05	14.53
Changes in Working Capital ⓘ	1.17	25.11	12.95	27.59	12.22	-0.76	-1.92	-8.2	-10.15	12.73
Tax Paid ⓘ	0	-0.03	-0.12	-0.01	-0.01	0.01	0	0	0	0
Cash Flow From Investing Activity ⓘ	-9.85	-14.90	-10.84	-12.75	-5	0	-1.27	-4.01	-5.33	-5.55
Capex	-9.85	-14.90	-10.84	-12.75	-5	0	-1.27	-2.64	-5.43	-2.30
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	-1.37	0.11	-3.25
Cash Flow From Financing Activityⓘ	11.16	-12.30	-6.58	-6.65	-8.39	-21.87	-6.83	-7.65	-6.49	-10.66
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	-5.24	-6.86	-6.43	-6.88	0	-5.42	-5.23	-5.84	-4.71
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	11.16	-7.06	0.28	-0.22	-1.52	-21.87	-1.40	-2.42	-0.64	-5.95
Net Cash Flow ⓘ	6.91	-11.13	4.42	7.07	-2.07	-0.94	4.48	-5.19	-5.60	7.66

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Ratios
ROE (%)	-33.49	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	-1.07	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	1.61	1.68	1.76	2.06	2.02	2.14	2.1	2.16	2.41	2.3
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	3.81	N/A	N/A	N/A
Working Capital Days
Receivable Days	50	48	42	37	39	41	43	44	43	44
Inventory Days	50	50	46	38	35	29	31	34	36	43
Payable Days	166	194	191	175	199	211	231	181	170	199

Exedy India Ltd Stock News

Exedy India Ltd FAQs

What is the share price of Exedy India?

Company share prices are keep on changing according to the market conditions. The closing price of Exedy India on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Exedy India?

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 Exedy India stood at ₹205.7.

What is the P/E ratio of Exedy India?

The latest P/E ratio of Exedy India as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Exedy India?

The latest P/B ratio of Exedy India as of 01-Jan-1970 05:30 is -13.54.

What is the 52-week high and low of Exedy India?

The 52-week high of Exedy India is ₹342.5 and the 52-week low is ₹342.1.

What is the TTM revenue of Exedy India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Exedy India is ₹334.6 ( Cr.) .

About Exedy India Ltd

Ceekay Daikin was established in 1973 as Ceekay Automotive Limited and in 1987 the name of the company got changed to Ceekay Daikin Limited.

Ceekay Daikin is a leader in the field of automotive clutches. After its incorporation, in 1973 it entered into a technical collaboration agreement with Daikin Manufacturing Co. Ltd. In 1985 it commenced supplies to Maruti Udyog Limited.

Ceekay Daikinâ€™s highly specialised line up of products encompasses a range of clutches for a range of applications â€“ clutch disc assemblies, clutch cover assemblies from Coil type/ Diaphragm spring /DST type and clutch disc regular, silent and unity type.

In 2008 the manufacturing units are located at Noida in Uttar Pradesh and Aurangabad in Maharashtra with installed capacities of 1.2 million clutch cover assemblies and 1.8 million clutch disc assemblies per annum. Diversifying into the manufacture of clutches for two wheelers, a new project was set up at the existing unit of the Greater Noida plant to manufacture 1 million clutches per annum.

Its clientele include companies like Bajaj Tempo, Eicher Motor, M&M, Maruti Udyog Ltd, Tata Motors, Toyota Kirloskar, Swaraj Mazda, Honda, VST Trillers Tractors, Ghatge Patil Limited, etc.

In order to be competitive in market it is now introducing the 3 in 1 in the market. This 3 in 1 will be consisting of clutch disc, clutch cover and clutch release bearing.

It has its distributors located in nearly all the states like Andhra Pradesh, Assam, Chandigarh, Delhi, Goa, Kerala, Maharashtra, Orissa, Punjab, Rajasthan, West Bengal, Uttaranchal.

Excellent technology and precision engineering from Exedy Corporation (formerly known as Daikin Manufacturing Co. Ltd.) Japan, has enabled Ceekay Daikin to attain a position of strength and leadership in quality

Milestones achieved

1973 -Established as Ceekay Automotive Limited
1975 -Entered into a technical collaboration agreement with Daikin Manufacturing Co. Ltd.
1985 -Commenced supplies to Maruti Udyog limited
1987- EXEDY invests 25% in the equity of Ceekay. Equity raised Rs 10 million. Name of the company changed to Ceekay Daikin Limited.
1995 -Annual capacity for 10,00,000 Clutch Disc and 600,000 Clutch Covers Installed. Machines installed for Diaphragm Spring and Wire Rings production.
1997 -Paid up capital increased to Rs 35 million.
1998- Established Greater Noida facility. Capacity increased to 1.5 million clutch discs and 1.1 million clutch cover assemblies. Increasing capital stock to Rs.40 million. EXEDY's stake increased to 32.5 %.
2005 - Noida plant TS16949 certified. Aurangabad Plant TS16949 certified.
2006 -Clutch Disc production crossed one million

Awards/Achievements

Its plants are ISO/TS 16949: 2002, ISO 14001: 2004, OHSAS 18001: 1999 certified.
It received award for best quality 04 â€“ 05 at Vendor Conference in Jaipur on 21st March, 2006
In 2003-04 received award for best quality at MUL vendor Conference at Bangkok
In 2002-03 award for best quality at MUL vendor Conference at Goa

Future Plans

With the joint efforts and ideas, the company is now at the stage of introducing the 3 in 1 in the market. This 3 in 1 will be consisting of clutch disc, clutch cover and clutch release bearing. The supply of 3 in 1 clutch kits is a very common and well accepted practice all over the world. Impact in the USA and Europe is , majority of clutch sales take place in 3 in 1 kits . The reason being the better life of clutch. Initially this will be for the following 4 models- Minidor, 800 CC Car, Omni/Van and Wagon R/ Alto.