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National Fittings Ltd. Stock Analysis

Small Cap
Evaluated by 404 users | BSE: 531289 | NSE: |
Castings/Forgings
Interfit Techno Products (ITPL) was incorporated as a public limited company in the state of Tamilnadu on April 21, 1993 with the Registrar of Companies, Tamilnadu at Madras. The company obtained the certificate of commencement of business on May 17, 1993. The Registered Office of...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 36.77%21.23%16.61%9.63%20.56%28.62%29.33%33.55%16.07%5.17%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 33.426.128.531.236.749.552.267.261.958
Y-o-Y Gr. Rt.--21.9%9.3%9.5%17.7%34.8%5.4%28.7%-7.8%-6.3%
Adjusted EPS (Rs.) 3.412.52.381.423.996.357.9510.997.712.81
Y-o-Y Gr. Rt.--26.7%-4.8%-40.3%181%59.2%25.2%38.2%-29.9%-63.6%
Book Value per Share (Rs.) 4.016.649.4311.0213.2618.2723.5433.3251.8955.38
Adjusted Net Profit 2.82.121.23.35.36.69.172.6
Net Op. Cash Flow (Rs. Cr.) 1.12.12.63.65.43.89.512.596.1
Debt to Cash Flow from Ops 1.770.961.490.930.571.260.640.412.444.15
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.
National Fittings Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.3%9.6%3.6%-6.3%
Adjusted EPS -2.1%-6.8%-29.3%-63.6%
Book Value per Share 33.933.1336.7
Share Price 13.8% -18.7% -51.3% -35.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 40.8322.0116.928.7621.9830.8635.0338.6518.715.23
Operating Profit Margin (%) 10.710.489.7713.617.5719.3321.623.322.9512.23
Net Profit Margin (%) 8.57.976.933.799.0310.6612.6813.6111.314.39
Debt to Equity 0.220.190.30.230.190.260.310.180.460.51
Working Capital Days 68107117120122122149105106145
Cash Conversion Cycle 37525452453842334157
Entity Percentage Holding
Promoters 34.04%
Institutions 0.01%
Non-Institutions 65.95%
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 National Fittings Ltd.'s performance infers:

National Fittings Ltd. earnings have declined by -6.8%, whereas share price has depreciated -18.7% 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 National Fittings Ltd. share prices over the last 10 years. Here is what we found out:

National Fittings Ltd. share price has depreciated 4% annually over the past ten years.

Interfit Techno Products (ITPL) was incorporated as a public limited company in the state of Tamilnadu on April 21, 1993 with the Registrar of Companies, Tamilnadu at Madras. The company obtained the certificate of commencement of business on May 17, 1993. The Registered Office of the company is located at Flat No. 10, `C' wing, 6th Floor, Parsn Manere, 602, Anna Salai, Madras-600 006. The company is already in the line of manufacturing specialty stainless steel fittings at SF

Interfit Techno Products (ITPL) was incorporated as a public limited company in the state of Tamilnadu on April 21, 1993 with the Registrar of Companies, Tamilnadu at Madras. The company obtained the certificate of commencement of business on May 17, 1993. The Registered Office of the company is located at Flat No. 10, `C' wing, 6th Floor, Parsn Manere, 602, Anna Salai, Madras-600 006. The company is already in the line of manufacturing specialty stainless steel fittings at SF No. 112, Mathapur Road, Kaniyur Village, Coimbatore District. Commercial production in phase I, which manufactures these items, started in January 1995.  There was an over-run of two months in implementing the project under phase I due to delayed sanction of power by TNEB. The proposed expansion project (phase II) is for diversifying the product line. The company will manufacture Stainless Steel Ball valves, a value added product related to the existing product. Ball valves are used extensively in process industries, air conditioning, drug formulation industries, breweries and potable water service.   

Business areas of the company:

The company is currently engaged in the manufacture of stainless steel pipe fittings. This project has been appraised by Indian Bank. The cost of the project was Rs 562 lakh. It was financed by promoters' equity of Rs 230 lakh, a term loan of Rs 315 lakh from Indian Bank, and a subsidy of Rs 17 lakh from the State Government. Commercial production in this phase (I) started in January 1995.

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

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