Dunlop India Ltd - Stock Valuation and Financial Performance

BSE: 509130 | NSE: DUNLOP | Tyres & Allied | Small Cap

BSE Share Price
Not Listed

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Dunlop India stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
127 Cr.
52-wk low:
10.1
52-wk high:
11.2

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 Dunlop 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 Dunlop 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.
Dunlop 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'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15TTM
ROCE % -12.6%20.4%0.4%0.5%0.2%0.4%-0.4%-0.3%-0.3%-4.3%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0011817717617419.80000
Sales YoY Gr.-NANA50.2%-1%-1.1%-88.6%-100%NANA-
Adj EPS 4.132.90.70.20.20.3-1.6-0.6-0.3-3.5-5.8
YoY Gr.-710.6%-97.8%-67.6%-25%55.6%-667.9%NANANA-
BVPS (₹) -95.949.532.628.233.133.331.723.5-0.9-1.3-2.1
Adj Net
Profit
15.31485.41.81.32-11.5-7-3.6-42.6-71
Cash Flow from Ops. -52.2-11.1-21.6-38.8-21.423.4-3.550.40-
Debt/CF from Ops. -3.1-19.3-7-5.2-12.813.1-95.655.4722.8-8875-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA-100%-100%NA
Adj EPS -198.4%-281%NANA
BVPSNA-152.1%-134.2%NA
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15TTM
Return on
Equity %
-5.2270.40.10.10.2-1.1-0.7-0.4-6343.2
Op. Profit
Mgn %
002.420.24.7-4.5000NAN
Net Profit
Mgn %
004.510.71.2-57.8000-INF
Debt to
Equity
-0.510.711.21.31.51-26.2-17.9-
Working Cap
Days
001421591741491,1910000
Cash Conv.
Cycle
00228192789310000

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 - Dunlop India Ltd.

Standalone Consolidated
TTM EPS (₹) -5.8 -3.5
TTM Sales (₹ Cr.) 0 0
BVPS (₹.) -2.1 -1.2
Reserves (₹ Cr.) -148 -137
P/BV -4.94 -8.49
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 10.11 / 11.17
All Time Low / High (₹) 3.70 / 170.00
Market Cap (₹ Cr.) 127
Equity (₹ Cr.) 122
Face Value (₹) 10
Industry PE 26.7

Management X-Ray of Dunlop India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *88.6188.6188.6188.6188.5688.5688.5688.5588.5588.55
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Dunlop India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15
Sales00118.12177.38175.56173.6319.83000
Operating Expenses 10.287.73115.30173.77175.21165.4320.722.172.135.51
Manufacturing Costs0.360.150.461.532.240.661.650.020.070.13
Material Costs00108.35156.82169.09160.2714.08000
Employee Cost 5.581.651.088.841.241.443.650.841.264.66
Other Costs 4.345.935.416.582.643.061.341.310.800.71
Operating Profit -10.28-7.732.823.610.348.20-0.89-2.17-2.13-5.51
Operating Profit Margin (%) --2.4%2.0%0.2%4.7%-4.5%---
Other Income 4.06341.424.046.685.1410.271.210.013.17
Interest 1.393.460.197.022.815.749.383.800.060
Depreciation 0.990.951.121.361.411.441.471.461.4640.30
Exceptional Items 80.53149.22-0.70-0.56000-2.6300
Profit Before Tax 71.93478.504.851.361.272.02-11.46-8.86-3.64-42.64
Tax 0.05-10.3000000000
Profit After Tax 71.88488.804.851.361.272.02-11.46-8.86-3.64-42.64
PAT Margin (%) --4.1%0.8%0.7%1.2%-57.8%---
Adjusted EPS (₹)19.1108.70.70.20.20.3-1.6-0.7-0.3-3.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15

Equity and Liabilities

Shareholders Fund -261.161,338.771,312.731,140.451,135.021,098.371,048.931,069.81734.36691.52
Share Capital 44.9944.9971.9871.9871.9871.9871.98121.98121.98121.98
Reserves -306.151,293.791,240.751,068.471,063.041,026.38976.95947.83612.38569.54
Minority Interest0000000000
Debt162.75214.57151.36202.22274.24306.99332.22278.70276.90276.90
Long Term Debt162.75214.57151.36202.22274.24271.44229.33235.08233.02233.02
Short Term Debt0000035.56102.8943.6243.8843.88
Trade Payables153.7721.9018.4452.3923.736.022.700.630.420.42
Others Liabilities 95.01-16.407.30-34.44-68.50-17.91-5.13-7.91-4.46-1.72
Total Liabilities 150.371,558.841,489.841,360.621,364.501,393.471,378.731,341.241,007.21967.12

Fixed Assets

Gross Block527.781,537.701,727.421,729.251,729.371,849.661,849.581,849.581,555.741,555.75
Accumulated Depreciation413.18415.40454.57494533.48572.95612.35651.79691.22731.72
Net Fixed Assets114.601,122.311,272.841,235.251,195.891,276.711,237.231,197.79864.52824.03
CWIP 9.3511.031.0435.4781.3754.1071.2874.1174.1174.11
Investments 0.41320.07143.570.090.090.090.210.210.210.21
Inventories0.609.5116.4010.5741.4550.4458.2857.6757.6757.67
Trade Receivables00.1530.7856.2615.960.430.350.350.350.35
Cash Equivalents 0.470.440.551.743.951.751.361.371.361.37
Others Assets24.9495.3324.6621.2425.799.9610.029.738.989.37
Total Assets 150.371,558.841,489.841,360.621,364.501,393.471,378.731,341.241,007.21967.12

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15
Cash Flow From Operating Activity -52.22-11.10-21.55-38.83-21.3723.44-3.485.040.38-0.03
PBT 71.93478.504.851.921.272.02-11.46-6.23-3.64-42.64
Adjustment -79.43-483.071.875.826.887.1210.845.251.5240.26
Changes in Working Capital -44.7-6.53-28.28-46.01-27.3614.78-2.858.652.512.35
Tax Paid -0.020000.050.120000
Cash Flow From Investing Activity 4.91-57.3077.992.29-45.95-93.02-17.24-2.8200.04
Capex -0.28259.76-98.57-36.26-46.02-93.06-17.14-2.840-0.01
Net Investments 4.26-317.79176.5038.4800-0.12000
Others 0.930.730.060.080.070.040.020.0200.05
Cash Flow From Financing Activity 44.5168.37-56.3335.8469.5267.3820.33-2.22-0.380
Net Proceeds from Shares 006.9900006000
Net Proceeds from Borrowing 000000.67-42.11-53.53-0.330
Interest Paid 0-3.46-0.12-7.02-3.05-7.04-4.88-8.68-0.060
Dividend Paid 0000000000
Others 44.5171.83-63.2142.8672.5773.7567.32000
Net Cash Flow -2.80-0.030.11-0.702.21-2.20-0.39000.01
PARTICULARSMar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15
Ratios
ROE (%)N/A02.120.620.570.84-4.9-3.44-2.640
ROCE (%)N/A373.221.22.120.891.47-0.38-0.9-0.86-16.16
Asset Turnover Ratio000.080.130.130.130.01000
PAT to CFO Conversion(x)-0.73-0.02-4.44-28.55-16.8311.6N/AN/AN/AN/A
Working Capital Days
Receivable Days00468875177000
Inventory Days00392754951,000000
Payable Days0068374034113000

Dunlop India Ltd Stock News

Dunlop India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dunlop 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 Dunlop India stood at ₹127.0.
The latest P/E ratio of Dunlop India as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Dunlop India as of 01-Jan-1970 05:30 is -4.94.
The 52-week high of Dunlop India is ₹11.17 and the 52-week low is ₹10.11.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dunlop India is ₹0.00 ( Cr.) .

About Dunlop India Ltd

In 2005 the Ruia group took over tyre major Dunlop India  from its erstwhile promoters and settling enormous liabilities, resumed production after a suspension of almost 7 years.The group, a fast emerging industrial conglomerate with interest in infrastructure and engineering, tyre and  rubber products, sugar and electronics, has had a phenomenal growth since its inception in 1993. The core capability of the group lies in identifying the opportunities and reinventing the acquired companies. Headquartered in Kolkata, the group has a workforce of about 9000 skilled, committed and qualified professionals.

Pneumatic Tyre was discovered in the year 1888 by a Scotsman John Boyd Dunlop (1840-1921). The beginning of Dunlop legacy occurred in 1888. The first company founded by John Boyd Dunlop was Dunlop Tyres.Its biggest asset is Dunlop’s brand name; the company is operating 500 dealers and Distribution arrangement with important distributors in gulf, South Asia and African markets already finalized for selling the complete product range. It has also entered for supply of tyres with prestigious other equipment manufacturers (OEMs).

Product details

This company is catering to the needs of different customers countrywide. The company products has been received very well in the market place in major categories like TRUCK/BUS, FARM and OTR range.

Truck and Bus tyres categories

  • X-100 XL  
  • G-247 
  • G-227 
  • MAHAAN 
  • XM-MAJOR 
  • CENTURION RIB 
  • SPRINTER LUG 

Farm categories

  • MAHAAN T 100 (Tractor Front) 
  • MAHAAN T XM 88 (Tractor Rear) 
  • ROAD FIELD MASTER (Tractor Rear)

OTR (Off the Road Categories)

  • GRADER 95  
  • PG 6S E3  
  • PG 6D E4  

Milestones:

  • 1888: The beginning of Dunlop legacy occurred
  • 1896: the company started marketing cycle tyres in India.
  • 1926: incorporated its business in India as Dunlop Rubber Company (India) Limited with an authorised capital of Rs.50lakhs
  • 1928: Dunlop Rubber Co (I) Ltd was renamed Dunlop India Ltd (DIL).
  • 1936: It’s head quarter in India was shifted to the sprawling Dunlop House on Free School Street, Calcutta. In the same year DIL set up the first tyre manufacturing plant in   Asia on a 239 acre plot of land at Sahaganj, near Calcutta. The plant, which started its production with tyres for passenger cars, cycles and animal drawn vehicles, over the years added capabilities for manufacturing 300 varieties of tyres ranging from scooter tyres to tyres for truck, bus, tractors and earthmovers and aircrafts. Sahaganj also produced an array of Industrial Products. The range included: steel cord conveyor belting, rubber and PVC conveyor belting, transmission belting, industrial and automotive v-belts, hoses, adhesive solutions and other products.
  • 1942: Toward the end of the 2nd World War Sahaganj started manufacturing tyres for aircrafts.
  • 1946: Dunlop India started production of Industrial Products. 
  • 1952: First Conveyer belt rolled out of the Dunlop Plant.
  • 1956: Production of OTR tyres started.
  • 1959: The company  set up its second plant in India at Ambattur, near Chennai.
  • 1987: Steel Chord belt production started. 2005: The Ruia Group led by Mr Pawan Kumar Ruia took control of DIL. At this point DIL had liabilities in excess of Rs 6.5 billion.
  • 2006: It's plant at Ambattur resumed production on 27 August, while Sahaganj opened its gates on 31 October.
  • 2007: It has came out of BIFR’s purview on 19 December.
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