Veljan Denison Ltd Stock Analysis

BSE: 505232 | NSE: | Compressors / Pumps | Small Cap

BSE Share Price 29-Sep-2022 18:01
1272.95 18.35 (1.46%)

DeciZen - Make an Informed Decision on Veljan Denison

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Veljan Denison Price Chart

P/E Ratio (SA) :
14.28
Market Cap :
282.3 Cr.
52-wk low :
851
52-wk high :
1,449
Bole Toh?

1. Is Veljan Denison Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Veljan Denison Ltd is a average quality company.

2. Is Veljan Denison Ltd undervalued or overvalued?

The key valuation ratios of Veljan Denison Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Veljan Denison Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Veljan Denison Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Veljan Denison:

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.
Veljan Denison Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 16.8%12.4%9.6%13.6%11.3%11.5%11.4%11.1%8.8%5%-
Value Creation Index 0.2-0.1-0.3-0.0-0.2-0.2-0.2-0.2-0.4-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 82.77372.878.980.376.996.287.582.873.6109
YoY Gr. Rt. %--11.7%-0.3%8.3%1.8%-4.3%25.2%-9%-5.4%-11.1%-
Adj EPS 50.443.937.558.255.864.572.372.659.734.487.9
YoY Gr. Rt. %--13%-14.5%55.1%-4.2%15.7%12.1%0.4%-17.8%-42.4%-
BVPS (₹) 291.3326.7355.4401.7445.4510570.4630.3665.9696.4781.6
Adj Net Profit 11.39.98.413.112.514.516.316.313.47.820
Cash Flow from Ops. 4.95.73.90.213.117.817.129.117.726.3-
Debt/CF from Ops. 3.14.55134.521.91.30.70.40.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.3%-1.7%-8.6%-11.1%
Adj EPS -4.2%-9.2%-21.9%-42.4%
BVPS 10.29.46.94.6
Share Price 16.6% 4.8% 21.5% 21.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 18.714.21115.413.213.513.412.19.25.111.9
Op. Profit Mgn % 26.8262227.826.8302929.826.118.327.1
Net Profit Mgn % 13.713.511.616.615.618.916.918.716.210.518.1
Debt to Equity 0.20.40.20.30.30.30.20.100.1-
Working Cap Days 2563213633984123993634224304230
Cash Conv. Cycle 1872502472643293352932992802890

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.90%

Sales growth is good in last 4 quarters at 38.51%

Sales growth has been subdued in last 3 years -8.55%

Net Profit has been subdued in last 3 years -21.93%

Latest Financials - Veljan Denison Ltd.

Standalone Consolidated
TTM EPS (₹) 87.9 -
TTM Sales (₹ Cr.) 109 -
BVPS (₹.) 781.6 -
Reserves (₹ Cr.) 174 -
P/BV 1.61 -
PE 14.28 -
From the Market
52 Week Low / High (₹) 850.95 / 1449.00
All Time Low / High (₹) 21.72 / 1500.00
Market Cap (₹ Cr.) 282
Equity (₹ Cr.) 2.3
Face Value (₹) 10
Industry PE 43.4

Management X-Ray of Veljan Denison :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Veljan Denison

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Veljan Denison Ltd

Denison Hydraulics India, incorporated in 1973, is an industrial manufacturer and services hydraulic fluid power systems and components. Earlier known as Hagglunds Denisons, it got its present name with effect from May 01, 2001.

The company produces hydraulic pumps and motors including vane pumps and motors, piston pumps and motors, and radial piston motors; electronic components, HydraCOOL system, and OASIS system; valves and manifolds. The products find applications in mobile equipment and machinery used in the construction, demolition, mining, utilities, agricultural, industrial manufacturing industries and marine equipment used in commercial and military sea vessels. Located in the Medak district of Andhra Pradesh, the manufacturing plant has an installed capacity of 60,000 hydraulic pumps, valves, and accumulator cylinders. During the year ended December 31, 2008, the company produced hydraulic pumps, valves, motors and oil hydraulic equipment and others.

The registered office of the company is located at Plot No. 44, 4th Floor, HCL Towers, Chikoti Gardens, Hyderabad-500016, Andhra Pradesh.

Business areas of the company:

The company produces hydraulic pumps and motors including vane pumps and motors, piston pumps and motors, and radial piston motors; electronic components, HydraCOOL system, and OASIS system; valves and manifolds.

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