Texmaco Infrastructure & Holdings Ltd - Stock Valuation and Financial Performance

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

Texmaco Infra Share Price

95.50 -1.90 -1.95%
as on 28-Mar'24 15:07

DeciZen - make an informed investing decision on Texmaco Infra

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Texmaco Infrastructure & Holdings stock performance -

mw4me loader
P/E Ratio (SA):
358.81
Market Cap:
1,241.1 Cr.
52-wk low:
47.1
52-wk high:
134.8

Is Texmaco Infrastructure & Holdings Ltd an attractive stock to invest in?

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 Fair 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.5%2.5%5.4%3.6%2.1%1.8%2.6%1.9%0.3%0.7%-
Value Creation
Index
-0.6-0.8-0.6-0.7-0.9-0.9-0.8-0.9-1.0-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13.712.313.814.612.412.713.89.413.510.410
Sales YoY Gr.--10.1%12%5.5%-14.7%2.3%8.7%-31.8%42.8%-22.6%-
Adj EPS 1.20.51.210.60.50.60.4-00.20.3
YoY Gr.--53%129.6%-16.9%-40.8%-21.3%18.8%-36.8%-105.6%NA-
BVPS (₹) 21.722.125.332.436.528.72428.952.750.495.4
Adj Net
Profit
14.76.915.913.17.86.17.34.5-0.333
Cash Flow from Ops. 9.76.23.8-2.44.54.4-0.2-7.5-5.2-1.8-
Debt/CF from Ops. 000.1-0.56.56-153-3.3-4.6-12.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3%-3.5%-9%-22.6%
Adj EPS -16%-17%-25.1%NA
BVPS9.8%6.7%28%-4.5%
Share Price 14.1% 11.2% 10.9% 98.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.52.55.33.61.81.52.21.3-0.10.50.4
Op. Profit
Mgn %
58.947.85744.336.318.114.6-7.1-48.2-9.5-16
Net Profit
Mgn %
107.156.2114.889.962.547.752.948-2.129.133.8
Debt to
Equity
00000.10.10.10.100-
Working Cap
Days
1,0401,1661,3241,6692,1832,3952,5093,7992,3172,6211,285
Cash Conv.
Cycle
-10-7-502144015-101,214

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 0.40%

Sales growth has been subdued in last 3 years -9.00%

Net Profit has been subdued in last 3 years -25.05%

Sales growth is not so good in last 4 quarters at -18.92%

Latest Financials - Texmaco Infrastructure & Holdings Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 0.2
TTM Sales (₹ Cr.) 10.2 16.9
BVPS (₹.) 95.4 95
Reserves (₹ Cr.) 1,203 1,197
P/BV 1.02 1.03
PE 358.81 415.37
From the Market
52 Week Low / High (₹) 47.10 / 134.80
All Time Low / High (₹) 0.49 / 196.55
Market Cap (₹ Cr.) 1,241
Equity (₹ Cr.) 12.7
Face Value (₹) 1
Industry PE 76.3

Management X-Ray of Texmaco Infra:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.890.890.890.890.890.890.890.000.000.00
* 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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1412141512131491310
Operating Expenses 666881012102011
Manufacturing Costs1112234333
Material Costs0000000051
Employee Cost 2233444444
Other Costs 2323234384
Operating Profit 8686422-1-6-1
Operating Profit Margin (%) 58.9%47.6%56.8%43.6%35.9%18.0%14.6%-7.0%-48.2%-9.5%
Other Income 146131212131318139
Interest 0010223322
Depreciation 3233333333
Exceptional Items 0000000000
Profit Before Tax 191017161110101213
Tax 2201233200
Profit After Tax 17817151077924
PAT Margin (%) 122.4%61.6%124.4%100.7%77.5%54.9%53.2%100.3%11.8%34.5%
Adjusted EPS (₹)1.30.61.41.20.80.60.60.70.10.3
Dividend Payout Ratio (%)11%25%15%17%26%36%35%27%60%53%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 276281322412465366306368672642
Share Capital 13131313131313131313
Reserves 263269309400452353293356659629
Minority Interest0000000000
Debt0001262322222221
Long Term Debt0001262320192221
Short Term Debt0000002300
Trade Payables0000112121
Others Liabilities 17193-4-147496
Total Liabilities 293301325409491394337395705669

Fixed Assets

Gross Block1601626870717177788083
Accumulated Depreciation2527123568910
Net Fixed Assets1351356768686771717273
CWIP 0011245666
Investments 113129189269339233157162486458
Inventories0000000000
Trade Receivables0000113210
Cash Equivalents 1233131121
Others Assets443565688085101153137130
Total Assets 293301325409491394337395705669

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1064-2440-7-5-2
PBT 191017161110101213
Adjustment -11-4-9-10-7-7-8-12-4-4
Changes in Working Capital 33-1-534-1-6-2-1
Tax Paid -2-3-4-3-3-3-2-1-10
Cash Flow From Investing Activity -7-305-266414126
Capex -6-2-3-4-2-4-15-10
Net Investments 1-14233-21311-10-9-5
Others -313-206-47-5192212
Cash Flow From Financing Activity -2-2-3-320-8-7-6-6-5
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000125-3-3-13-1
Interest Paid 00-10-2-2-2-3-2-2
Dividend Paid -2-2-2-3-3-3-3-3-3-1
Others 00000021-40
Net Cash Flow 1110-22-3010
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.252.735.742.21.682.192.810.310.55
ROCE (%)7.073.5464.393.012.783.534.10.710.84
Asset Turnover Ratio0.050.040.040.040.030.030.040.030.020.02
PAT to CFO Conversion(x)0.590.750.24-0.130.40.570-0.78-2.5-0.5
Working Capital Days
Receivable Days2447172547934727
Inventory Days0003344422
Payable Days52842533600000107542

Texmaco Infrastructure & Holdings Ltd Stock 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-2024 15:07 is ₹95.50.
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-2024 15:07 the market cap of Texmaco Infra stood at ₹1,241.1.
The latest P/E ratio of Texmaco Infra as of 28-Mar-2024 15:07 is 358.8.
The latest P/B ratio of Texmaco Infra as of 28-Mar-2024 15:07 is 1.02.
The 52-week high of Texmaco Infra is ₹134.8 and the 52-week low is ₹47.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Texmaco Infra is ₹10.18 ( 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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