Texmaco Infrastructure & Holdings Ltd Stock Analysis

BSE: 505400 | NSE: TEXINFRA | Construction - Real Estate | Small Cap

BSE Share Price 28-Mar-2023 14:17
48.11 -1.29 (-2.61%)

DeciZen - Make an Informed Decision on Texmaco Infra

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Texmaco Infra Price Chart

P/E Ratio ( SA) :
174.13
Market Cap :
629.5 Cr.
52-wk low :
48.3
52-wk high :
82.3
Bole Toh?

1. Is Texmaco Infrastructure & Holdings Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Texmaco Infrastructure & Holdings Ltd is a below average quality company.

2. Is Texmaco Infrastructure & Holdings Ltd undervalued or overvalued?

The key valuation ratios of Texmaco Infrastructure & Holdings Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Texmaco Infrastructure & Holdings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Texmaco Infrastructure & Holdings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Texmaco Infra:

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.
Texmaco Infrastructure & Holdings 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.8%5.5%2.5%5.4%3.6%2.1%1.8%2.6%1.9%0.3%-
Value Creation Index -0.6-0.6-0.8-0.6-0.7-0.9-0.9-0.8-0.9-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1313.712.313.814.612.412.713.89.413.515
YoY Gr. Rt. %-5.4%-10.1%12%5.5%-14.7%2.3%8.7%-31.8%42.8%-
Adj EPS 1.21.20.51.210.60.50.60.4-00.3
YoY Gr. Rt. %-0%-53%129.6%-16.9%-40.8%-21.3%18.8%-36.8%-105.6%-
BVPS (₹) 20.521.722.125.332.436.528.72428.952.758.9
Adj Net Profit 14.714.76.915.913.17.86.17.34.5-0.34
Cash Flow from Ops. 4.79.76.23.8-2.44.54.4-0.2-7.5-5.2-
Debt/CF from Ops. 0000.1-0.56.56-153-3.3-4.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.4%-1.6%1.9%42.8%
Adj EPS -163.8%-145.5%-134.7%-105.6%
BVPS 11.110.322.482.4
Share Price 6.1% -4.8% 19.5% -16.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 5.85.52.55.33.61.81.52.21.3-0.10.5
Op. Profit Mgn % 61.458.947.85744.336.318.114.6-7.1-48.2-6.3
Net Profit Mgn % 113107.156.2114.889.962.547.752.948-2.124.2
Debt to Equity 000000.10.10.10.10-
Working Cap Days 9681,0401,1661,3241,6692,1832,3952,5093,7992,3170
Cash Conv. Cycle -13-10-7-5021440150

Recent Performance Summary

Sales growth is good in last 4 quarters at 114.64%

Return on Equity has declined versus last 3 years average to 0.50%

Sales growth has been subdued in last 3 years 1.93%

Net Profit has been subdued in last 3 years -134.67%

Latest Financials - Texmaco Infrastructure & Holdings Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 0.2
TTM Sales (₹ Cr.) 14.8 20.6
BVPS (₹.) 58.9 58.5
Reserves (₹ Cr.) 738 733
P/BV 0.84 0.84
PE 174.13 222.11
From the Market
52 Week Low / High (₹) 48.30 / 82.25
All Time Low / High (₹) 0.49 / 196.55
Market Cap (₹ Cr.) 629
Equity (₹ Cr.) 12.7
Face Value (₹) 1
Industry PE 35.5

Management X-Ray of Texmaco Infra :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.890.890.890.890.890.890.890.890.890.89
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Texmaco Infra

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

News

Texmaco Infrastructure & Holdings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Texmaco Infra on 28-Mar-2023 14:17 is : 48.11.
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 28-Mar-2023 14:17 the market cap of Texmaco Infra stood at ₹ 629.5.
The latest PE ratio of Texmaco Infra as of 28-Mar-2023 14:17 is 174.1.
The latest PB ratio of Texmaco Infra as of 28-Mar-2023 14:17 is 0.84
The 52-week high of Texmaco Infra is ₹ 82.25 and the 52-week low is ₹ 48.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Texmaco Infra is ₹ 14.76 ( Cr.) .

About Texmaco Infrastructure & Holdings Ltd

Texmaco is a part of the Dr K K Birla Group and is a leading diversified Engineering Complex and an Infrastructure Company in India serving the nation from 1939. Texmaco Rail & Engineering Ltd.  (TEXMACO), with ISO 9001:2008 and ISO 14001:2004, is a premier multi-discipline, multi-unit engineering and Infrastructure Company, with 5 manufacturing units extending over 170 acres in the outskirts of Kolkata. The Company was formed after demerger into it the Heavy Engineering and Steel Foundry Divisions of the parent company Texmaco Ltd (founded in 1939 by the renowned industrialist, Late Dr. K.K.Birla under a scheme sanctioned by the Hon'ble High Court, Kolkata).
 
Texmaco Rail is presently the flagship company of the Adventz Group, (headed by the Chairman Mr. Saroj Poddar), comprising renowned blue chip companies, such as, Zuari Agro, Paradip Phosphate etc. The Group was launched with the idea of one virtual company with many real businesses, and is based on four fundamental principles - Collaboration, Sustainability, Inclusiveness and being Global.
 
The Company manufactures a diverse range of products viz. Railway Freight Cars, Hydro-mechanical Equipment & Industrial Structurals, Steel Castings, and Pressure Vessels, etc. Over the years, it entered into technical collaboration with renowned Multinationals of Japan, U.S.A, U.K, Germany, Australia, Austria, Holland, etc. for developing and expanding its product portfolio.
 
Texmaco is the leading and most reliable freight car maker over the past 7 (seven) decades. In fact, one out of every four Freight Cars on Indian Railways network is rolled out from TEXMACO Works. Its Freight Cars serve a host of core industries like Cement, Steel, Defence, Fertilizer, Oil, Alumina, Thermal Power Projects, Chemical Plants, etc. These include Custom-built Special Purpose Freight Cars for movement of large oversized consignments of individual weights up to 250 T. Besides, the company is moving fast into manufacture of Double Deck Auto Rake, in collaboration with a European Company. Further, the company has submitted final design & drawings to RDSO for Double Stack Container Rakes, to meet the emerging demand with the operation of Dedicated Freight Corridors.
 
Besides domestic market, Texmaco has made significant thrusts in overseas markets. Several Awards bear testimony to its successful achievements in National and International Projects financed by World Bank, ADB and other Multi-lateral Funding Agencies.
 
The Steel Foundry of the Company is the largest in the Country with a capacity up to 30000 Tonnes of quality Castings per year. It has a State-of-the-Art facility set up by the world-renowned M/s. Kunkel Wagner, Germany. The Foundry has earned the distinction of Quality Assurance Certificate (M-1003) from AAR (Association of American Railroads), making it the only Foundry in India qualified to export railway castings to the North American Market.  

The company has five factories in the outskirts of Kolkata.

  • Agarpara Works
  • Belgharia Works
  • Steel Foundry
  • Sodepur Works
  • Panihati Works

Divisions

Railway Freight Cars

  • Indian Railways
  • Special Freight Cars
  • Exports
  • New Generation Cars

Steel Foundry

  • AFS Ride Control Bogie
  • LIP Casting
  • Casnub HS Bogie
  • Draft Gear
  • Centre Buffer Coupler

Hydro-Mechanical Equipment & Steel Structures

  • Gates
  • Hoist
  • Trash Raking Machine
  • Penstock
  • Heavy Steel Structure

Process Equipment

  • Boilers
  • Storage Equipment
  • Heat & Mass Transfer Equipment
  • Sugar Mill Machinery

Agro Machinery

  • Power Tilter

A Joint Venture (JV) Company with United Group, Australia, one of Asia Pacific’s leading end to end rail technology solutions provider and infrastructure & industrial services company, has been incorporated, and the steps are being discussed to set up a modern facility to manufacture hi-tech wagon and locomotive bogie frames for Indian Railways, private industry and export.

The company expects to play a pivotal role in the Indian Railways’ new visionary moves involving an investment of Rs.75000 cr. over coming few years on Dedicated Freight Corridor linking Delhi, Mumbai, Chennai and Kolkata. The Railways have also come out with a Wagon Leasing Policy and Liberalized Wagon Investment Scheme (WIS) to attract investment in special purpose high capacity wagons.  The company is moving fast-forward in this direction through suitable tie-ups with leading multinationals.

Awards

It has also been crowned with the “IIF Foundry of the year 2009” by The Institute of Indian Foundrymen.

Texmaco bags a double at the Indian Foundry Congress- Casting of the year Award and Young Foundryman of the year award.

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