Cranex Ltd - Stock Valuation and Financial Performance

BSE: 522001 | NSE: | Engineering - Industrial Equipments | Small Cap

Cranex Share Price

52 -2.62 -4.80%
as on 19-Mar'24 16:38

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Cranex stock performance -

mw4me loader
P/E Ratio (SA):
33.82
Market Cap:
32.8 Cr.
52-wk low:
23.8
52-wk high:
68

Is Cranex Ltd an attractive stock to invest in?

1. Is Cranex Ltd a good quality company?

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

2. Is Cranex Ltd undervalued or overvalued?

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

3. Is Cranex Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cranex 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 Cranex:

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.
Cranex 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 % 4.2%4.8%5.8%4.8%5.3%6.3%5.3%5%5.4%4.9%-
Value Creation
Index
-0.7-0.7-0.6-0.7-0.6-0.6-0.6-0.6-0.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 14.320.121.722.825.931.135.535.740.141.457
Sales YoY Gr.-41%7.9%4.7%14%20%14.2%0.4%12.6%3.1%-
Adj EPS 0.60.710.811.61.31.31.31.31.6
YoY Gr.-27.3%37.1%-13.5%21.7%54.5%-18.6%-1.6%3.2%2.3%-
BVPS (₹) 7.27.98.99.710.811.913.114.315.615.816.9
Adj Net
Profit
0.30.40.60.50.60.90.80.80.80.81
Cash Flow from Ops. 0.3-1.1-3.81.40.4-1.6-12.8-0.90.7-
Debt/CF from Ops. 32.1-8.9-3.99.936.7-12-21.47-24.334.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.6%9.8%5.2%3.1%
Adj EPS 10.2%5.5%1.3%2.3%
BVPS9.1%8.1%6.6%1.6%
Share Price 33.8% 27.8% 74.4% 100%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.99.311.499.913.810.29.18.68.49.9
Op. Profit
Mgn %
5.83.85.54.33.464.65.35.464.7
Net Profit
Mgn %
2.32.12.62.22.332.12.11.91.91.7
Debt to
Equity
2.122.82.42.52.82.72.32.42.5-
Working Cap
Days
488401478487441379363404355346125
Cash Conv.
Cycle
16515818519120816814715113418316

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.90%

Sales growth is good in last 4 quarters at 42.57%

Sales growth has been subdued in last 3 years 5.21%

Net Profit has been subdued in last 3 years 1.30%

Debt to equity has increased versus last 3 years average to 2.54

Latest Financials - Cranex Ltd.

Standalone Consolidated
TTM EPS (₹) 1.6 1.6
TTM Sales (₹ Cr.) 57.1 57.1
BVPS (₹.) 16.9 16.6
Reserves (₹ Cr.) 4 4
P/BV 3.23 3.30
PE 33.82 35.01
From the Market
52 Week Low / High (₹) 23.75 / 68.02
All Time Low / High (₹) 0.74 / 73.90
Market Cap (₹ Cr.) 32.8
Equity (₹ Cr.) 6
Face Value (₹) 10
Industry PE 42.6

Management X-Ray of Cranex:

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

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
Sales14.2820.1421.7422.7625.9431.1235.5335.6640.1441.38
Operating Expenses 13.4519.3820.5421.7925.0729.6333.9533.8137.9839.12
Manufacturing Costs1.872.262.812.632.522.583.223.903.883.79
Material Costs8.9314.4614.4915.6518.3121.9624.1422.5425.2225.71
Employee Cost 1.231.081.321.291.972.142.833.483.624.97
Other Costs 1.421.581.922.222.272.963.753.895.254.65
Operating Profit 0.830.761.200.970.871.491.581.852.162.26
Operating Profit Margin (%) 5.8%3.8%5.5%4.3%3.4%4.8%4.5%5.2%5.4%5.5%
Other Income 0.170.320.320.360.780.440.550.230.280.47
Interest 0.320.340.610.650.730.881.020.991.221.16
Depreciation 0.180.130.150.050.140.220.230.240.290.31
Exceptional Items 0000000000
Profit Before Tax 0.500.600.770.630.780.830.880.860.931.26
Tax 0.170.180.200.130.180.170.160.120.150.64
Profit After Tax 0.330.420.570.500.610.660.720.740.780.62
PAT Margin (%) 2.3%2.1%2.6%2.2%2.3%2.1%2.0%2.1%1.9%1.5%
Adjusted EPS (₹)0.60.71.00.81.01.11.21.21.31.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 4.344.765.335.836.457.117.838.579.359.50
Share Capital 6666666666
Reserves -1.66-1.24-0.67-0.170.451.111.832.573.353.50
Minority Interest0000000000
Debt9.209.3814.9313.9915.7419.4821.2419.8922.7823.76
Long Term Debt7.647.729.3113.9915.7419.4821.2419.8922.786.42
Short Term Debt1.561.665.6200000017.34
Trade Payables7.9611.8511.3710.606.5710.4412.5718.5910.3013.81
Others Liabilities 1.602.454.775.416.852.751.662.231.695.65
Total Liabilities 23.1028.4536.4035.8435.6239.7943.3049.2844.1152.72

Fixed Assets

Gross Block3.693.885.225.485.756.997.588.759.639.67
Accumulated Depreciation2.482.612.762.812.832.893.093.283.573.88
Net Fixed Assets1.211.272.462.672.924.104.495.466.055.79
CWIP 0000000000
Investments 00001.821.821.821.821.822.14
Inventories5.377.247.585.627.768.169.0114.5712.4816.10
Trade Receivables12.6516.1319.3820.5014.7916.6420.4119.8915.8921.03
Cash Equivalents 1.370.080.110.200.080.060.050.060.162.45
Others Assets2.503.726.866.848.259.017.517.497.715.21
Total Assets 23.1028.4536.4035.8435.6239.7943.3049.2844.1152.72

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.29-1.06-3.791.420.43-1.64-12.84-0.940.69
PBT 0.500.600.770.630.780.830.880.860.931.26
Adjustment 0.240.150.220.180.240.360.380.511.261.08
Changes in Working Capital -0.42-1.83-4.890.74-0.42-2.67-2.11.59-2.97-1.37
Tax Paid -0.17-0.18-0.20-0.13-0.17-0.17-0.16-0.12-0.15-0.27
Cash Flow From Investing Activity -0.03-0.20-1.340.09-1.87-1.05-0.21-0.99-0.62-0.99
Capex -0.03-0.20-1.34-0.26-0.38-1.40-0.62-1.21-0.88-0.05
Net Investments 0000-1.820000-1.33
Others 0000.350.330.350.410.210.250.39
Cash Flow From Financing Activity 0.22-0.045.16-1.411.322.661.19-1.831.660.16
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.460.091.59-0.931.753.161.75-1.352.891.32
Interest Paid -0.19-0.22-0.38-0.48-0.43-0.50-0.56-0.48-1.22-1.16
Dividend Paid 0000000000
Others -0.040.103.960000000
Net Cash Flow 0.48-1.290.030.09-0.12-0.03-0.010.010.10-0.13
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.919.2611.378.959.859.769.6798.676.57
ROCE (%)6.236.88.016.397.186.986.826.47.127.35
Asset Turnover Ratio0.670.840.720.690.740.830.860.770.860.85
PAT to CFO Conversion(x)0.88-2.52-6.652.840.7-2.48-1.393.84-1.211.11
Working Capital Days
Receivable Days334242279291244184190206163163
Inventory Days7710611696939388121123126
Payable Days361250293256171141174252209171

Cranex Ltd Stock News

Cranex Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cranex on 19-Mar-2024 16:38 is ₹52.00.
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 19-Mar-2024 16:38 the market cap of Cranex stood at ₹32.77.
The latest P/E ratio of Cranex as of 19-Mar-2024 16:38 is 33.82.
The latest P/B ratio of Cranex as of 19-Mar-2024 16:38 is 3.23.
The 52-week high of Cranex is ₹68.02 and the 52-week low is ₹23.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cranex is ₹57.05 ( Cr.) .

About Cranex Ltd

Cranex was incorporated in 1973 as a private limited company and has a track record of uninterrupted profit every year from its very inception. It was converted into a public limited company in 1985 and went public when its shares were heavily over subscribed, raising the equity from Rs 2 million to Rs 14.5 million and became a quoted company, listed at Bombay and Delhi Stock Exchanges.

To fund diversification and growth plans, a rights issue was made raising the equity from Rs 14.5 million to Rs 43.6 million. Cranex has its works located at Sahibabad Industrial Area, admeasuring approx 10,000 Sq.Mts. about 14kms. from the heart of the main business centre, Connaught Place, New Delhi. Vast area of land and infrastructure available for expansion and growth.

Technological upgradation and innovation being the key to its modernization drive, Cranex has a strategic alliance with Kuhnezug of Hamburg, Germany, a world leader in latest Crane technology and Ikusi, Spain for Remote Control Systems.

While great challenges lie ahead as India goes through its most momentous transformation ever, tremendous opportunities also exist. The new focus of Cranex is on manufacturing International quality products at competitive prices, taking advantage of our low-costs and technological prowess to position itself as a worthy global player.Different divisions of the company:

Engineering- To further consolidate its leadership in high-tech Crane technology, Cranex has upgraded its manufacturing facilities to produce still higher capacity Cranes upto 250 tonnes. We have recently introduced the latest Remote Radio Control technology for Crane and other applications.

Information Technology- Information Technology has gone through a lot of changes or we should say it is a revolution that has come into the Business world. Cranex has moved a step ahead and is now a well known name in the IT industry. Cranex undertakes all types of Software Development Projects and Internet and Intranet Application based projects. With a very efficient presence in the Cyber hubs, Cranex has a competitive edge.

International Trade- To attain the twin objectives of global contacts and tax free Export earnings, the company is actively engaged in International Trade in the Exports of Garments, Handicrafts, and Engineering Parts to USA, Europe, etc.

Products and services:

Cranex is one of the leading crane manufacturers having supplied equipments to all parts of the country. Cranex specializes  in the design & manufacture of high-tech Cranes for  strategic defence installations, nuclear and space installations, besides railways, power plants and other very high-priority Govt. projects. Cranex has earned a reputation of being one of the most technically advanced crane manufacturing companies in India.

Some of the most complicated & highly sophisticated Cranes for Ballistic Missiles, Satellite launch, Atomic Energy and other applications have been designed, manufactured and installed by Cranex to the satisfaction of all concerned.

Product manufactured by the division:

Both double girder and single girder cranes upto 60 meters span and 150 tonnes. Various types of Jib Cranes like Wall mounted Column mounted with Pull/Hand geared/Electric Swivelling are offered.

Information Technology

Cranex aims to provide knowledge-based software and emphasizes on the fact that Information Technology Sector needs the involvement of dedicated and qualified team to take India to the heights of success and recognition worldwide.

Cranex provides complete solution to the business world. With a very effective, dedicated and intelligent team involved in developing high quality Software Products, efficient Web-Based Solutions and Intranet Applications, Cranex marks its presence everywhere

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