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Disa India Ltd. Stock Analysis

Small Cap
Evaluated by 323 users | BSE: 500068 | NSE: GEORGFISCH |
Engineering - Industrial Equipments
DISA India was incorporated in 1984 for manufacturing of modern foundry equipments. It is owned jointly by DISA Holding AG (based in Schaffhousen, Switzerland), DISA Holding A/S (based in Herlev, Denmark and the parent company of DISA Holding) and the Indian public.It supplies complete foundry...

Analysis of Financial Track Record

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.
Value Creation
 Dec'10Dec'11Dec'12Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 31.03%46.24%35.57%27.78%19.74%9.68%10.8%16.7%22.91%19.22%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 108154152174147143157196242224
Y-o-Y Gr. Rt.-43.4%-1.2%14.4%-15.7%-2.9%10.3%24.4%23.5%-7.6%
Adjusted EPS (Rs.) 98.42150.83122.76129.9191.4265.9773.9114.89190.7196.2
Y-o-Y Gr. Rt.-53.3%-18.6%5.8%-29.6%-27.8%12%55.5%66%2.9%
Book Value per Share (Rs.) 368.08285.71407.62533.84519.36716.36639.03748.699381,131.17
Adjusted Net Profit 14.922.818.519.613.81010.816.727.728.5
Net Op. Cash Flow (Rs. Cr.) 14.317.618.319.4-814.811.924.914.88.1
Debt to Cash Flow from Ops 00.0300000000
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Disa India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.5%8.8%12.4%-7.6%
Adjusted EPS 8%16.5%38.5%2.9%
Book Value per Share 13.316.92120.6
Share Price 9.8% -5.3% -15.5% -32.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Dec'10Dec'11Dec'12Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 30.9446.1435.4127.619.329.6610.716.6122.6819.02
Operating Profit Margin (%) 19.622117.7817.4712.768.889.4111.714.5115.55
Net Profit Margin (%) 13.8114.7612.1611.259.396.986.828.5311.4612.76
Debt to Equity 00.0100000000
Working Capital Days 9195125165211233209303292293
Cash Conversion Cycle 1291616306042354777
Entity Percentage Holding
Promoters 74.82%
Institutions 9.57%
Non-Institutions 15.61%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Disa India Ltd.'s performance infers:

Disa India Ltd. earnings have grown by 16.5%, whereas share price has depreciated -5.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Disa India Ltd. share prices over the last 10 years. Here is what we found out:

Disa India Ltd. share price has depreciated 9.7% annually over the past ten years.

DISA India was incorporated in 1984 for manufacturing of modern foundry equipments. It is owned jointly by DISA Holding AG (based in Schaffhousen, Switzerland), DISA Holding A/S (based in Herlev, Denmark and the parent company of DISA Holding) and the Indian public.

It supplies complete foundry systems by integrating the DISA range of moulding machines and sand mixers with proper combination of sand plant equipments, surface treatment machineries, environmental control systems and

DISA India was incorporated in 1984 for manufacturing of modern foundry equipments. It is owned jointly by DISA Holding AG (based in Schaffhousen, Switzerland), DISA Holding A/S (based in Herlev, Denmark and the parent company of DISA Holding) and the Indian public.

It supplies complete foundry systems by integrating the DISA range of moulding machines and sand mixers with proper combination of sand plant equipments, surface treatment machineries, environmental control systems and conveying systems. It serves customers across the country with its three sales offices and two manufacturing plants.

DISA India Limited is head quartered in Bangalore, Karnataka State, South India, called silicon city of India. DISA India is a leading Foundry Machinery Manufacturer in India offering dependable process technology.

It is a part of DISA group, which is the leading supplier of foundry equipment and metal surface finishing systems, with a presence in more than 50 countries globally. DISA group was founded in the year 1900 and in the year 1937, its founder Georg Fischer started production of shot blast machines and from there started the success ctory of the group.

The manufacturing plant at Tumkur, Karnataka basically performs the activity of Manufacturing of Foundry Machinery and Shot Blast Machines and another plant at Hosakote, Karnataka manufactures Air Pollution Control Equipment. Sales offices are strategically located to cover customers in all parts of the country.These are at Bangalore, New Delhi, Kolkata and Pune.

DISA supplies a broad selection of services and products for manufacturing and machining components for the machinery industry, including plants for the production of cast components. In this branch, DISA can cover practically the entire manufacturing spectrum.

Shot blast systems, moreover, are em- ployed for mechanical descaling, or for shot peening of compo- nents subjected to high or alternating stress loads.

DISA India also represents General Kinematics, USA exclusively. It specialises in foundry equipment for casting handling and sand recovery.

Product range of the company include-

  • Moulding- DISA offers solutions employing various moulding configurations - vertical moulding, horizontal moulding and matchplate moulding technology.it offers choice of the type and size of castings, according to the size of production runs, production facility requirements, and the amount of space available in the foundry.
  • Sand technology- Modern sand technology begins with the specific treatment of used sand. It had an array of equipment to cover all stages of the process, such as cleaning, cooling, homogenizing and mixing, and also complete in-line and tower-type sand plants for all throughput capacities.In addition DISA India offers horizontal moulding machines like ARPA, sand plant equipment, sand coolers, mixers, vibratory equipment, control panel etc. for the local market.
  • Shot blast system- solutions include modern blast cleaning systems for foundries (desanding, decoring and surface finishing of iron and light metal castings) and for mechanical descaling of semi-finished or finished products in all branches of the steel producing and manufacturing industries. Shot peening is also provided.
  • Core technology- Core shooting machines, Core handling systems (Robot systems, deburring, core assembly, coating technology, core drying, transport systems), Core boxes, Core sand preparation and Auxiliary core manufacturing systems.

Future plans

DISA Holding has just started a 100 per cent owned R&D Centre called DISA Technologies Private Limited (DTPL) in Bangalore, which will work towards building competencies in India for providing engineering support to world-wide operations.A major spares distribution network is also planned in India, with a warehouse in Peenya in Bangalore. DTPL intends, at a later stage, to bring in manufacturing of the new range of products from overseas to India.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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