Integra Engineering India Ltd - Stock Valuation and Financial Performance

BSE: 505358 | NSE: | Engineering - Industrial Equipments | Small Cap

Integra Engineering Share Price

228 -0.20 -0.09%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Integra Engineering

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Integra Engineering India stock performance -

mw4me loader
P/E Ratio (SA):
47.26
Market Cap:
784.2 Cr.
52-wk low:
109.5
52-wk high:
328.6

Is Integra Engineering India Ltd an attractive stock to invest in?

1. Is Integra Engineering India Ltd a good quality company?

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

2. Is Integra Engineering India Ltd undervalued or overvalued?

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

3. Is Integra Engineering India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Integra Engineering India 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 Integra 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.
Integra Engineering India 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

Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -1.2%1.4%4.1%6%16.3%36.7%14.6%11.2%14%23.4%-
Value Creation
Index
-1.1-0.9-0.7-0.60.21.60.1-0.200.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 23.122.626.331.945.162.762.963104133149
Sales YoY Gr.--2.1%16.4%21.5%41.3%38.8%0.4%0.1%64.7%28.4%-
Adj EPS -0.200.30.313.31.71.62.75.34.8
YoY Gr.-NA2800%3.5%233.3%227%-48.6%-4.8%65.6%99.6%-
BVPS (₹) 3.42.73.72.53.56.88.41012.618.121.5
Adj Net
Profit
-0.80113.411.25.85.59.118.217
Cash Flow from Ops. 3.61.12.30.70.555.412-7.39.2-
Debt/CF from Ops. 12.601829.933.52-5.12.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 21.5%24.2%28.4%28.4%
Adj EPS NA39.5%46.6%99.6%
BVPS20.6%38.9%29%43.1%
Share Price 38.4% 33.4% 102.4% 104.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-3.20.24.1632.963.422.117.323.234.424.4
Op. Profit
Mgn %
-5.101.40.510.214.813.413.114.216.117.8
Net Profit
Mgn %
-3.40.13.83.27.617.99.28.78.813.711.1
Debt to
Equity
0.20.201.41.10.70.70.70.90.3-
Working Cap
Days
265188183163170168198221212205101
Cash Conv.
Cycle
15910110888889513616815414960

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.39%

Net Profit is growing at healthy rate in last 3 years 46.57%

Debt to equity has declined versus last 3 years average to 0.32

Sales growth is good in last 4 quarters at 17.46%

Return on Equity has declined versus last 3 years average to 24.40%

Latest Financials - Integra Engineering India Ltd.

Standalone Consolidated
TTM EPS (₹) 4.8 4.8
TTM Sales (₹ Cr.) 149 149
BVPS (₹.) 21.5 21.5
Reserves (₹ Cr.) 71 71
P/BV 10.59 10.59
PE 47.26 47.26
From the Market
52 Week Low / High (₹) 109.50 / 328.55
All Time Low / High (₹) 0.85 / 328.55
Market Cap (₹ Cr.) 784
Equity (₹ Cr.) 3.4
Face Value (₹) 1
Industry PE 45.7

Management X-Ray of Integra 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 Integra Engineering

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2328263245636363104133
Operating Expenses 242826324154555589112
Manufacturing Costs3545799101519
Material Costs14161518243333335974
Employee Cost 454567881113
Other Costs 3324444445
Operating Profit -100059881521
Operating Profit Margin (%) -5.1%-0.3%1.3%0.5%10.2%14.6%13.3%12.9%14.2%16.1%
Other Income 2224222211
Interest 1001111111
Depreciation 1211111222
Exceptional Items 0000000000
Profit Before Tax -102259881319
Tax 00111-23240
Profit After Tax -101231165918
PAT Margin (%) -3.1%0.0%5.0%5.0%7.6%17.7%9.2%8.6%8.8%13.7%
Adjusted EPS (₹)-0.20.00.40.51.03.31.71.62.75.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2424259122329344362
Share Capital 1616163333333
Reserves 889592025314059
Minority Interest0000000000
Debt43012141519243720
Long Term Debt01012121212121212
Short Term Debt420013612257
Trade Payables533488551410
Others Liabilities -1-10683681110
Total Liabilities 3229283141505972106102

Fixed Assets

Gross Block2526269131520222734
Accumulated Depreciation1618181234679
Net Fixed Assets9888111216161925
CWIP 0000000000
Investments 0000000000
Inventories865671110122928
Trade Receivables6577161824244536
Cash Equivalents 56664661668
Others Assets3333323475
Total Assets 3229283141505972106102

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 412105512-79
PBT -102259881319
Adjustment 1100112223
Changes in Working Capital 400-1-5-2-33-20-9
Tax Paid 00000-3-1-1-3-3
Cash Flow From Investing Activity -3021-4-1-8-82-7
Capex -300-1-4-2-6-2-5-8
Net Investments 000000-3000
Others 0111000-671
Cash Flow From Financing Activity -2-1-30000010
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 01-30000000
Interest Paid -100000000-1
Dividend Paid 0000000000
Others -1-100000011
Net Cash Flow -1101-43-34-43
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-6.08-0.1110.7614.863363.3322.2217.1523.4934.52
ROCE (%)-1.061.357.8312.823.1130.7121.2415.7820.5924.4
Asset Turnover Ratio0.7711.011.181.271.371.160.961.171.28
PAT to CFO Conversion(x)N/A-INF20.500.450.832.4-0.780.5
Working Capital Days
Receivable Days1076774749299122139122112
Inventory Days117867358535362657178
Payable Days109886872928976586060

Integra Engineering India Ltd Stock News

Integra Engineering India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Integra Engineering on 28-Mar-2024 16:01 is ₹228.0.
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 16:01 the market cap of Integra Engineering stood at ₹784.2.
The latest P/E ratio of Integra Engineering as of 28-Mar-2024 16:01 is 47.26.
The latest P/B ratio of Integra Engineering as of 28-Mar-2024 16:01 is 10.59.
The 52-week high of Integra Engineering is ₹328.6 and the 52-week low is ₹109.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Integra Engineering is ₹149.2 ( Cr.) .

About Integra Engineering India Ltd

Integra Engineering India, earlier known as Schlafhorst Engineering (India) (SCHEI) was incorporated as Padmatex Engineering Private Limited in the State of Maharashtra on June 3, 1981.  Pursuant to provisions of Section 23 of the Companies Act, 1956 and the special resolution passed by the company at its Extra-Ordinary General Meeting held on 29th March, 1982 the company was converted into public limited company and fresh certificate of change of name was received on June 3, 1982.  The name of the company was subsequently changed to Schlafhorst Engineering (India) and a fresh certificate of incorporation consequent on change of name was obtained from the Registrar of Companies, Maharashtra at Mumbai on October 10, 1994. The registered office of the company was shifted to Vadodara as confirmed by the Company Law Board, Western Region Bench, Mumbai (CLB) by its order dated November 23, 1995.  The Registrars of Companies of Maharashtra and Gujarat have registered the Order of the CLB on 12th January, 1996 and 1st February, 1996 respectively. In 2011 the company changed its name from Schlafhorst Engineering (India) Ltd. to Integra Engineering India Ltd.

The company has obtained Industrial Licence No. CIL : 212 (82) dated June 21, 1982 from the Central Government for the manufacture of 200 nos.  Automatic Cone Winding Machines (Autoconers).  The licensed capacity of Autoconers was increased to 300 numbers by Licence No.2.33/87 -IM(I) dated 14th February 1989.  The company also obtained sanction vide letter No. TXM/1399/VOL.I.96 dated 7.1.1985 for manufacture of 170 numbers Draw Frames and Speed Frames, which was later amended to 250 numbers vide letter no. 6(46)BB/87/TXM/251 dated 30th July, 1990.  Copies of these licences are open to public inspection at the Registered Office of the Company.

The company received approval for foreign collaboration with RVG, Germany vide letter no. FC.II.216(90) dated 1st September, 1991 which was later amended vide letter of even no. dated 24th March, 1992 for payment of royalty and vide letter no. FC.II:491(93)/541(93) dated 21st December, 1993 for equity participation upto 51% from the Secretariat for Industrial Approvals, Department of Industrial Development, Ministry of Industry, Government of India. 

Schlafhorst Engineering (India) (SCHEI) was promoted by Mafatlal Industries as Padmatex Engineering in technical and financial collaboration with RVG, Germany - a holding company of W. Schlafhorst AG and Company, Germany, and a part of the Saurer AG Group, Switzerland, for the manufacture of highly sophisticated textile machinery.

The company set up its plant at Halol, Panchmahal district, Gujarat for the manufacture of textile machineries viz. Automatic Cone Winding Machine, Warping Installations in 1983.  It commenced commercial production in the last quarter of 1983.  In 1984, the company acquired a working plant situated in Vadodara from Mafatlal Engineering Industries to enable it to increase its manufacturing capacity to meet the growing demand for the textile machinery. A new product - High Speed Draw Frame was also introduced in its product range in 1985.

During 1990, the company entered into a technical collaboration with Reifenhauser GmbH, Germany, for the manufacture of sophisticated Plastic Processing machinery viz.  Extruders and Extrusion Systems with the approval No. FC.II.52(90)/493(89) Amend dated 25th October, 1990 of Secretariat for Industrial Approvals, Department of Industrial Development, Ministry of Industry, Government of India.  It issued 5,84,000 equity shares of Rs.10 each at par to Reifenhauser as part of the collaboration agreement.  However, the collaboration agreement was terminated by mutual consent with effect from 1st January, 1995, as the Plastic processing machinery business was not compatible with the core business strategy and long-term goals of the company under the new management of RVG.  However, Reifenhauser still continues to hold the equity shares issued to it.

In 1994, the management control of the company was passed on to RVG, Germany the company's collaborator, when their stake in the equity share capital of the company was increased to 51% of the total paid-up capital of the company through issue of fresh capital and consequently the name of the company was changed from Padmatex Engineering to Schlafhorst Engineering (India) with effect from October 10, 1994. The ISO 9002 certified company has its factories in the Panchmahal district of Gujarat with an installed capacity of 24 high speed draw frames, which is used as a spinning preparatory machine by textile mills. The unit also undertakes job work and sale of spare parts.

The registered office is at Chandrapura Village, Halol taluka, Panchmahal district-389350, Gujarat.

 

Business areas of the company:

 The Company is presently manufacturing, in technical collaboration with RVG, Germany new generation Automatic Cone Winding Machine with high degree of automation capable of providing better package size and quality, increased production and reduced winding cost; DrawFrames Model 720M and Speed Frames as per the technical specifications of Zinser Textilmashinen GmbH, Germany at its plants located at Halol and Vadodara. 

It has received ISO 9002 certificate for its factories at Halol and Vadodara for establishing and applying a quality system for textile machinery from TUV- Zertifizierungs gemeinschaft e.V. dated 3.2.1995.

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