BSE: 509015 | NSE: | Consumer Durables - Electronics | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Thakral Services (India) Ltd is a below average quality company.
The key valuation ratios of Thakral Services (India) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Thakral Services (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.9% | -13.8% | -18.6% | 10.1% | -4.4% | 6% | 11.3% | -21.6% | -26.1% | -38.3% | - |
| Value Creation Index ⓘ | -0.4 | -2.0 | -2.3 | -0.3 | -1.3 | -0.6 | -0.2 | -2.5 | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 39.1 | 29.3 | 18.3 | 24.1 | 19.5 | 20.9 | 23.3 | 16.6 | 16.6 | 18.4 | 26 |
| Sales YoY Gr. | - | -25.1% | -37.6% | 31.7% | -19% | 7.1% | 11.4% | -28.8% | 0% | 11.2% | - |
| Adj EPS ⓘ | 0.7 | -2.9 | -2.9 | 0.7 | -1 | 0.2 | 0.3 | -1.6 | -2 | -2.8 | -4.9 |
| YoY Gr. | - | -523.2% | NA | NA | -241.7% | NA | 77.8% | -600% | NA | NA | - |
| BVPS (₹) ⓘ | 7.4 | 4.4 | 1.5 | 2.2 | 1.2 | 1.4 | 1.7 | 0.2 | -1.8 | -4.5 | -7.2 |
| Adj Net Profit ⓘ | 0.8 | -3.4 | -3.4 | 0.9 | -1.2 | 0.2 | 0.4 | -1.9 | -2.4 | -3.3 | -6 |
| Cash Flow from Ops. ⓘ | 0 | -0.1 | 2.5 | -1.6 | 2.7 | 2.9 | 2.6 | -0.2 | -2 | -0.2 | - |
| Debt/CF from Ops. ⓘ | 1422.8 | -102.2 | 4.3 | -8.6 | 4.6 | 3.4 | 1 | -42.2 | -5.6 | -56.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -8% | -1.1% | -7.5% | 11.2% | ||||
| Adj EPS ⓘ | -216.8% | NA | -306.1% | NA | ||||
| BVPSⓘ | -194.8% | -230.7% | -238.5% | NA | ||||
| Share Price | 8.8% | 13.9% | 51% | 21.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.8 | -49.6 | -100.2 | 39.9 | -61 | 14.3 | 20.4 | -170.6 | 252.6 | 89 | 83.7 |
| Op. Profit Mgn % ⓘ | 6.9 | -7.4 | -10 | 6.6 | -0.1 | 4.2 | 3.7 | -9.8 | -14.4 | -15 | -19.5 |
| Net Profit Mgn % ⓘ | 2.1 | -11.7 | -18.8 | 3.5 | -6.2 | 1 | 1.6 | -11.3 | -14.2 | -17.8 | -22.6 |
| Debt to Equity ⓘ | 1.4 | 2.4 | 6.3 | 5.4 | 8.7 | 5.9 | 1.3 | 46.2 | -5.3 | -2.4 | - |
| Working Cap Days ⓘ | 249 | 329 | 452 | 299 | 349 | 298 | 271 | 379 | 365 | 303 | 101 |
| Cash Conv. Cycle ⓘ | 140 | 202 | 268 | 202 | 263 | 204 | 179 | 229 | 199 | 147 | 47 |
Return on Equity has increased versus last 3 years average to 83.70%
Sales growth is good in last 4 quarters at 39.50%
Sales growth has been subdued in last 3 years -7.50%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -4.9 | - |
| TTM Sales (₹ Cr.) | 25.6 | - |
| BVPS (₹.) ⓘ | -7.2 | - |
| Reserves (₹ Cr.) ⓘ | -12 | - |
| P/BV ⓘ | -3.15 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 12.37 / 22.73 |
| All Time Low / High (₹) | 5.13 / 83.00 |
| Market Cap (₹ Cr.) | 26.7 |
| Equity (₹ Cr.) | 3.5 |
| Face Value (₹) | 3 |
| Industry PE ⓘ | 124 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 39.14 | 29.33 | 18.31 | 24.12 | 19.53 | 20.92 | 23.30 | 16.59 | 16.59 | 18.44 |
| Operating Expenses ⓘ | 36.49 | 31.50 | 20.16 | 22.57 | 19.55 | 20.07 | 22.44 | 18.21 | 18.98 | 21.21 |
| Manufacturing Costs | 2.67 | 2.57 | 1.61 | 1.49 | 1.27 | 1.27 | 1.70 | 1.18 | 1.75 | 1.39 |
| Material Costs | 21.99 | 17.48 | 9.71 | 12.35 | 8.52 | 8.62 | 10.03 | 7.55 | 8.55 | 9.65 |
| Employee Cost | 6.73 | 6.81 | 5.16 | 5.28 | 6.28 | 6.19 | 6.45 | 5.86 | 5.18 | 5.14 |
| Other Costs ⓘ | 5.10 | 4.63 | 3.67 | 3.45 | 3.48 | 3.99 | 4.27 | 3.63 | 3.49 | 5.04 |
| Operating Profit ⓘ | 2.65 | -2.17 | -1.85 | 1.55 | -0.02 | 0.86 | 0.86 | -1.63 | -2.39 | -2.77 |
| Operating Profit Margin (%) | 6.8% | -7.4% | -10.1% | 6.4% | -0.1% | 4.1% | 3.7% | -9.8% | -14.4% | -15.0% |
| Other Income ⓘ | 0.24 | 0.22 | 0.10 | 0.08 | 0.64 | 0.47 | 0.53 | 0.57 | 0.22 | 0.39 |
| Interest ⓘ | 1.03 | 1.13 | 0.95 | 0.85 | 0.79 | 0.76 | 0.76 | 0.56 | 0 | 0.17 |
| Depreciation ⓘ | 0.45 | 0.57 | 0.46 | 0.47 | 0.34 | 0.28 | 0.26 | 0.25 | 0.18 | 0.72 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.42 | -3.65 | -3.16 | 0.31 | -0.52 | 0.29 | 0.37 | -1.87 | -2.35 | -3.27 |
| Tax ⓘ | 0.65 | -0.27 | 0.30 | -0.52 | 0.58 | 0.08 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0.77 | -3.39 | -3.46 | 0.83 | -1.10 | 0.21 | 0.37 | -1.87 | -2.35 | -3.27 |
| PAT Margin (%) | 2.0% | -11.5% | -18.9% | 3.4% | -5.6% | 1.0% | 1.6% | -11.2% | -14.2% | -17.7% |
| Adjusted EPS (₹) | 0.7 | -2.9 | -3.0 | 0.7 | -0.9 | 0.2 | 0.3 | -1.6 | -2.0 | -2.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 8.63 | 5.17 | 1.71 | 2.55 | 1.39 | 1.64 | 2.01 | 0.19 | -2.06 | -5.32 |
| Share Capital ⓘ | 3.52 | 3.52 | 3.52 | 3.52 | 3.52 | 3.52 | 3.52 | 3.52 | 3.52 | 3.52 |
| Reserves ⓘ | 5.11 | 1.65 | -1.81 | -0.97 | -2.13 | -1.88 | -1.51 | -3.33 | -5.58 | -8.84 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 12.12 | 12.19 | 10.76 | 13.68 | 12.15 | 9.76 | 2.60 | 8.98 | 10.95 | 13 |
| Long Term Debt | 4.78 | 4.25 | 4.32 | 6.23 | 5.68 | 3.49 | 2.58 | 8.98 | 10.95 | 13 |
| Short Term Debt | 7.33 | 7.93 | 6.43 | 7.45 | 6.47 | 6.27 | 0.03 | 0 | 0 | 0 |
| Trade Payables | 4.57 | 4.72 | 2.93 | 1.33 | 1.90 | 1.98 | 2.55 | 2.86 | 3.82 | 3.66 |
| Others Liabilities ⓘ | 5.12 | 4.99 | 5.62 | 3.62 | 3.83 | 4.04 | 12.88 | 5 | 4.90 | 5.14 |
| Total Liabilities ⓘ | 30.44 | 27.06 | 21.02 | 21.18 | 19.27 | 17.42 | 20.04 | 17.04 | 17.62 | 16.47 |
Fixed Assets | ||||||||||
| Gross Block | 3.23 | 3.05 | 3.30 | 3.71 | 3.79 | 3.46 | 3.53 | 3.70 | 3.71 | 5.51 |
| Accumulated Depreciation | 1.15 | 1.75 | 2.24 | 2.72 | 2.87 | 2.77 | 3.02 | 3.28 | 3.46 | 4.17 |
| Net Fixed Assetsⓘ | 2.08 | 1.30 | 1.06 | 1 | 0.92 | 0.69 | 0.51 | 0.42 | 0.25 | 1.35 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventories | 1.64 | 1.81 | 1.41 | 1.41 | 1.03 | 1.01 | 2.75 | 2.01 | 2.72 | 2.64 |
| Trade Receivables | 20.14 | 18.43 | 13.42 | 15.59 | 13.93 | 12.15 | 11.99 | 10.15 | 9.79 | 7.62 |
| Cash Equivalents | 1.06 | 0.18 | 0.13 | 0.49 | 0.57 | 0.28 | 1.32 | 0.38 | 0.41 | 1.48 |
| Others Assetsⓘ | 5.50 | 5.33 | 4.98 | 2.68 | 2.78 | 3.27 | 3.47 | 4.05 | 4.42 | 3.38 |
| Total Assets ⓘ | 30.44 | 27.06 | 21.02 | 21.18 | 19.27 | 17.42 | 20.04 | 17.04 | 17.62 | 16.47 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.01 | -0.12 | 2.48 | -1.59 | 2.67 | 2.88 | 2.61 | -0.21 | -1.95 | -0.23 |
| PBT ⓘ | 1.42 | -3.65 | -3.16 | 0.31 | -0.52 | 0.29 | 0.37 | -1.87 | -2.35 | -3.27 |
| Adjustment ⓘ | 1.35 | 1.40 | 1.32 | 1.22 | 0.65 | 0.59 | 0.52 | 0.27 | 0.03 | 2.61 |
| Changes in Working Capital ⓘ | -1.97 | 2.43 | 4.42 | -4.91 | 2.59 | 2.38 | 1.88 | 1.61 | 0.67 | -0.38 |
| Tax Paid ⓘ | -0.80 | -0.30 | -0.10 | 1.80 | -0.06 | -0.38 | -0.16 | -0.22 | -0.30 | 0.81 |
| Cash Flow From Investing Activity ⓘ | -0.70 | 0.14 | -0.23 | -0.37 | -0.16 | -0.07 | -0.05 | -0.19 | 0.03 | -0.08 |
| Capex | -0.66 | 0.14 | -0.25 | -0.41 | -0.30 | -0.06 | -0.08 | -0.15 | -0.01 | -0.10 |
| Net Investments | 0 | 0 | -0.01 | 0.03 | 0.13 | -0.01 | 0.02 | -0.04 | 0.02 | 0 |
| Others ⓘ | -0.03 | 0 | 0.03 | 0.02 | 0.01 | 0 | 0 | 0 | 0.02 | 0.01 |
| Cash Flow From Financing Activityⓘ | 1.17 | -0.90 | -2.31 | 2.12 | -2.29 | -3.12 | -1.50 | -0.57 | 1.97 | 1.38 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 2.15 | -0.53 | 0.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.97 | -0.97 | -0.87 | -0.81 | -0.76 | -0.73 | -0.73 | -0.55 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.01 | 0.60 | -1.50 | 2.93 | -1.53 | -2.39 | -0.77 | -0.01 | 1.97 | 1.38 |
| Net Cash Flow ⓘ | 0.48 | -0.88 | -0.05 | 0.16 | 0.21 | -0.31 | 1.05 | -0.97 | 0.05 | 1.07 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.37 | -49.07 | -100.7 | 38.75 | -55.7 | 13.57 | 20.16 | -169.51 | N/A | N/A |
| ROCE (%) | 12.67 | -13.22 | -14.83 | 8.09 | 1.85 | 8.38 | 14.08 | -18.99 | N/A | N/A |
| Asset Turnover Ratio | 1.33 | 1.02 | 0.76 | 1.14 | 0.97 | 1.14 | 1.24 | 0.89 | 0.96 | 1.08 |
| PAT to CFO Conversion(x) | 0.01 | N/A | N/A | -1.92 | N/A | 13.71 | 7.05 | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 184 | 240 | 317 | 219 | 276 | 227 | 189 | 244 | 219 | 172 |
| Inventory Days | 16 | 21 | 32 | 21 | 23 | 18 | 29 | 52 | 52 | 53 |
| Payable Days | 88 | 97 | 144 | 63 | 69 | 82 | 82 | 131 | 143 | 142 |
Thakral Services (India) Ltd is a 100% owned subsidiary of Thakral Group system integrator partner of IBM & an authorized partner for Compaq, equipped to market their entire range of PC products and services. An authorized partner for Cisco and have national tie-ups with other principals and distributors for peripherals, networking components & software products.
The core strength of the company lies within itself in terms of the experience in executing large deals and managing big projects. Presently, operating from 6 locations like Mumbai, Delhi, Bangalore, Chennai, Ahmedabad with full-fledged sales and technical support personnel.
The Thakral Group is a multi-country diversified business concern founded in 1905. The Group is one of Singapore's largest homegrown conglomerates with operations spanning 35 countries and employing in excess of 10,000 people worldwide. Their businesses span across hardware and electronics distribution, real estate, manufacturing, IT, electronic security, consulting, and other value-added services. The Group’s business is predominantly conducted through 2 main entities, namely, Thakral Brothers Pvt.(which is a privately held organization by the family) and Thakral Holdings (which is a publicly listed organization in the Sydney Stock Exchange). Most of the other business entities are owned / operated by one of the above.
Product range of the company includes:
For Video Surveillance
Cameras
DVRs
Accessories
Clientele:
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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