Duncan Engineering Ltd - Stock Valuation and Financial Performance

BSE: 504908 | NSE: | Engineering - Industrial Equipments | Small Cap

Duncan Engineering Share Price

437.90 8.10 1.88%
as on 19-Mar'24 11:16

DeciZen - make an informed investing decision on Duncan Engineering

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Duncan Engineering stock performance -

mw4me loader
P/E Ratio (SA):
22.54
Market Cap:
158.9 Cr.
52-wk low:
320
52-wk high:
625

Is Duncan Engineering Ltd an attractive stock to invest in?

1. Is Duncan Engineering Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Duncan Engineering Ltd is a average quality company.

2. Is Duncan Engineering Ltd undervalued or overvalued?

The key valuation ratios of Duncan Engineering Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Duncan Engineering Ltd a good buy now?

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

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.
Duncan Engineering Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0.2%-9.4%-12.5%-12%4.2%14.7%19.5%30.1%18.7%23.4%-
Value Creation
Index
-1.0-1.7-1.9-1.9-0.70.10.41.20.30.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 69.164.136.536.840.744.543.441.555.870.165
Sales YoY Gr.--7.2%-43.1%0.8%10.8%9.2%-2.4%-4.4%34.5%25.7%-
Adj EPS -4.5-16.9-18.6-16.20.38.912.221.516.926.519.1
YoY Gr.-NANANANA3185.2%37%76.9%-21.5%57.2%-
BVPS (₹) 95.278.860.144.344.651.960.582.299.2125.6137.7
Adj Net
Profit
-1.7-6.2-6.9-60.13.34.57.96.29.87
Cash Flow from Ops. 10.41.64.36.94.87.46.29.313.8-
Debt/CF from Ops. 17.142.911.53.41.41.40.100.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.2%11.5%17.4%25.7%
Adj EPS NA150.3%29.7%57.2%
BVPS3.1%23%27.6%26.6%
Share Price 26% 42.7% 53.7% 21.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-4.7-19.4-26.8-310.618.421.630.118.623.614.5
Op. Profit
Mgn %
1.4-4.8-8.7-7.18.212.613.510.916.618.814.2
Net Profit
Mgn %
-2.4-9.7-18.8-16.20.27.410.419.211.21410.8
Debt to
Equity
0.50.60.80.90.60.40000-
Working Cap
Days
16617829021315413313013010491123
Cash Conv.
Cycle
869212810269596157423587

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.35%

Net Profit is growing at healthy rate in last 3 years 29.69%

Return on Equity has declined versus last 3 years average to 14.50%

Sales growth is not so good in last 4 quarters at -4.81%

Latest Financials - Duncan Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 19.1 55.4
TTM Sales (₹ Cr.) 65.1 55.4
BVPS (₹.) 137.7 0
Reserves (₹ Cr.) 47 31
P/BV 3.12 0.00
PE 22.54 7.76
From the Market
52 Week Low / High (₹) 320.00 / 625.00
All Time Low / High (₹) 15.25 / 625.00
Market Cap (₹ Cr.) 159
Equity (₹ Cr.) 3.7
Face Value (₹) 10
Industry PE 42.6

Management X-Ray of Duncan Engineering:

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

Key Ratios of Duncan Engineering

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
Sales69643637414443415670
Operating Expenses 68674039374038374757
Manufacturing Costs5512222123
Material Costs48452424242624243037
Employee Cost 1111109881091112
Other Costs 5645333345
Operating Profit 1-3-3-33565913
Operating Profit Margin (%) 0.9%-4.8%-9.0%-7.2%8.1%10.9%13.5%10.9%16.5%18.7%
Other Income 2101011111
Interest 3222210000
Depreciation 3312221111
Exceptional Items 300000-2000
Profit Before Tax 0-8-6-60334813
Tax 0-210000-423
Profit After Tax 0-6-7-60338610
PAT Margin (%) 0.1%-9.4%-19.0%-16.0%0.4%6.3%7.5%19.3%11.2%14.1%
Adjusted EPS (₹)0.3-16.4-18.8-15.90.47.58.821.616.926.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%4%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 35292216161922303746
Share Capital 4444444444
Reserves 31251913131519273343
Minority Interest0000000000
Debt14161915971011
Long Term Debt2000000000
Short Term Debt12161915970001
Trade Payables1014106655677
Others Liabilities 5534445158
Total Liabilities 63655441363533384963

Fixed Assets

Gross Block40424434352930303232
Accumulated Depreciation12152013151314151616
Net Fixed Assets29272421191616161617
CWIP 0000000000
Investments 00000001923
Inventories12161298887911
Trade Receivables1816138565666
Cash Equivalents 2110022676
Others Assets3543332221
Total Assets 63655441363533384963

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 10247576914
PBT 0-8-6-60334813
Adjustment 2684431110
Changes in Working Capital -10173-1310-0
Tax Paid 02-10000001
Cash Flow From Investing Activity 4-2-2200-3-5-9-15
Capex 4-2-1100-1-1-1-2
Net Investments 000000-2-4-8-14
Others 0001000001
Cash Flow From Financing Activity -400-6-7-3-6-100
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2-200000000
Interest Paid -3-2-2-2-2-10000
Dividend Paid 0000000000
Others 143-4-5-3-6000
Net Cash Flow 1-20002-201-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.28-18.8-26.99-30.470.915.5915.7130.2918.6323.84
ROCE (%)4.83-11.29-9.32-9.756.0214.8815.1814.725.4230.86
Asset Turnover Ratio1.171.110.70.881.11.261.291.191.311.25
PAT to CFO Conversion(x)INFN/AN/AN/AINF1.672.330.751.51.4
Working Capital Days
Receivable Days828612790574543463831
Inventory Days617112291736666675452
Payable Days7998180120917774837769

Duncan Engineering Ltd Stock News

Duncan Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Duncan Engineering on 19-Mar-2024 11:16 is ₹437.9.
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 11:16 the market cap of Duncan Engineering stood at ₹158.8.
The latest P/E ratio of Duncan Engineering as of 19-Mar-2024 11:16 is 22.54.
The latest P/B ratio of Duncan Engineering as of 19-Mar-2024 11:16 is 3.12.
The 52-week high of Duncan Engineering is ₹625.0 and the 52-week low is ₹320.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Duncan Engineering is ₹65.14 ( Cr.) .

About Duncan Engineering Ltd

Schrader Duncan is an Indo-American joint venture with Schrader Bridgeport International Inc, U S A which is a part of Tomkins, U K, and a global major with sales of over $ 4 billion.Originally incorporated as Schrader Scovill Duncan Limited in 1961, the company is a pioneer in the Tyre tube valves and Pneumatic products in India.

The company is managed by a team of qualified professionals. The company envisages being a frontrunner in the businesses it is in, by meeting or exceeding customer expectations. Employing over 300 people and with manufacturing facilities at Mumbai and Nasik in India, the company distributes its products through a well knit network of dealers all across India.

The Company supplies its automotive products to large tyre manufacturers like Apollo Tyres, MRF, CEAT, Goodyear and other Original Equipment customers.  The Company enjoys good reputation for its Pneumatic products with L&T, EEL India, Manugraph Industries and other Original Equipment Manufacturers.

Product range of the company includes:

Automotive  

  • Valves 
  • Valve Accessories 
  • Valve Extensions  
  •  Garage Tools 

 Pneumatics  

  • Air Cylinders 
  • Directional Control Valves
  • 2 Way Valves 
  • Airline Accessories
  • Air Preparation Units 
  •  Speciality Products
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