X

IST Ltd Stock Analysis

Small Cap
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Indo Swiss Time Limited (IST) was incorporated as a public limited company on 1976 to carry on the business of manufacture, design, import and export of watches and watch parts, components, cases and other ancillary products.They have a Variety of Turned, Milled, Drilled jobs and Stampings on...

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 3.49%4.59%4.77%2.69%1.67%2.65%5.06%5.89%3.85%3.4%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 20.819.520.821.318.417.625.32422.417.6
Y-o-Y Gr. Rt.--6.3%6.6%2.6%-13.7%-4.1%43.3%-5.1%-6.8%-21.6%
Adjusted EPS (Rs.) 3.825.255.743.362.133.446.88.665.925.1
Y-o-Y Gr. Rt.-37.4%9.3%-41.5%-36.6%61.5%97.7%27.4%-31.6%-13.9%
Book Value per Share (Rs.) 112.61117.86123.62127.04129.16134.84142.99151.6158.13162.43
Adjusted Net Profit 4.56.16.73.92.547.910.16.96
Net Op. Cash Flow (Rs. Cr.) -8.8-11.5-0.57.3410.77.19.28.96.5
Debt to Cash Flow from Ops 0-0.0100.0201.180.560.0100
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.
IST Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -1.9%-0.9%-11.4%-21.6%
Adjusted EPS 3.3%19.1%-9.1%-13.9%
Book Value per Share 4.24.74.32.7
Share Price 18.5% 4.4% -10.5% 38.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 3.454.564.762.681.662.64.895.883.823.18
Operating Profit Margin (%) 26.3917.9426.299.59-1.34.7216.9118.697.769.1
Net Profit Margin (%) 21.3931.4132.2218.3813.522.7231.3742.130.8533.89
Debt to Equity 000000.080.02000
Working Capital Days 1,3881,147768591616566360444464496
Cash Conversion Cycle 107145147171173188161188188247
Entity Percentage Holding
Promoters 74.99%
Institutions 0.01%
Non-Institutions 25.00%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of IST Ltd's performance infers:

IST Ltd earnings have grown by 19.1%, whereas share price has appreciated 4.4% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

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

IST Ltd share price has appreciated 15.9% annually over the past ten years.

Indo Swiss Time Limited (IST) was incorporated as a public limited company on 1976 to carry on the business of manufacture, design, import and export of watches and watch parts, components, cases and other ancillary products.

They have a Variety of Turned, Milled, Drilled jobs and Stampings on Swiss and German plant with in-house designing, tooling, surface and heat treatment. 45,000 sq. mtrs. of lush green industrial estate 45 Kms. from New Delhi International Airport.Connected Power Load

Indo Swiss Time Limited (IST) was incorporated as a public limited company on 1976 to carry on the business of manufacture, design, import and export of watches and watch parts, components, cases and other ancillary products.

They have a Variety of Turned, Milled, Drilled jobs and Stampings on Swiss and German plant with in-house designing, tooling, surface and heat treatment. 45,000 sq. mtrs. of lush green industrial estate 45 Kms. from New Delhi International Airport.Connected Power Load 750 KW.Self-Generation capacity for Power 600 KVA.

The primary operations of the company are now manufacturing components for exports.  The components manufactured are high quality precision components used in electronic, medical and dental instrument.  The company had developed the components to meet the exacting standards required of its international customers and has been able to secure repeat orders from its buyers. 

They manufacture Precision Turned, Milled, Drilled Components and stampings for the following Industries

  • Auto component industry
  • White goods industry
  • Consumer goods industry
  • Dentel & Orthopeadic Implants

Product range of the company includes:

  • Automotive Transmission Parts.
  • Carburettor Parts
  • Fuel Injection Equipment & Parts
  • Precision Components & Assemblies for-Communication Equipment & Office Products.-Consumer Durable & White Goods. -Oral Care Products. -Instrumentation & Engineering Goods
  • Dental & Orthopeadic Screws

The Major Customers of the company are:

  • General motors, Powertrain Division, Nao, Detroit, USA
  • Borg warner , USA
  • General motors, India
  • Maruti-Suzuki, India
  • Tata-Fiat Automobiles, India
  • Gimmeli Production AG, Switzerland, Hongkong & China
  • Ucal fuel systems (mikuni), India
  • Keihin Fie, India
  • Siemens, India

Achievements/ recognition:

  • ISO/TS 16949:2000 and ISO 14001 Certified Unit. (Through RWTUV Germany).

Future plans:

  • Expansion Projects under execution for Auto Components / Assemblies at Bawal (40,000 sq.mtrs.) and Manesar (9000 sq.mtrs.), Haryana
  • Diversification through Collaborations, Joint Ventures or Technology Transfer Agreements  for new products.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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