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ISGEC Heavy Engineering Ltd. Stock Analysis

Small Cap
Evaluated by 484 users | BSE: 533033 | NSE: SARASIND |
Engineering - Industrial Equipments
Saraswati Industrial Syndicate is a 58-year old company listed on the Delhi Stock Exchange. The chairman & managing director is D D Puri and the joint managing director is Ranjit Puri. The company has interests in sugar, engineering, steels, etc. Saraswati Industrial Syndicate's sugar...

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.
ISGEC Heavy 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
 Sep'11Sep'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 15.13%17.09%12.1%4.25%10.47%13.36%14.33%10.12%9.89%8.23%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,7143,0492,9343,3613,9544,5103,9173,7915,0515,852
Y-o-Y Gr. Rt.-12.4%-3.8%14.5%17.6%14.1%-13.2%-3.2%33.2%15.9%
Adjusted EPS (Rs.) 11.8916.5413.59.8714.7222.4127.7419.4619.3820.97
Y-o-Y Gr. Rt.-39.1%-18.4%-26.9%49.1%52.2%23.8%-29.9%-0.4%8.2%
Book Value per Share (Rs.) 75.7287.0597.16204.24114.87139.92170.5187.83206.07255.86
Adjusted Net Profit 87.712299.572.6108165204143143154
Net Op. Cash Flow (Rs. Cr.) 216-2342-386261123236101-238103
Debt to Cash Flow from Ops 1.1-152.81.06-2.792.015.391.51.73-1.289.29
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.
ISGEC Heavy Engineering Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.9%8.2%14.3%15.9%
Adjusted EPS 6.5%7.3%-8.9%8.2%
Book Value per Share 14.517.414.524.2
Share Price 14.4% -10.9% -25.7% -30.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Sep'11Sep'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 16.9220.3114.654.9413.5717.5917.8710.869.849.08
Operating Profit Margin (%) 7.188.577.735.026.937.7910.398.5665.63
Net Profit Margin (%) 3.234.053.181.952.883.785.374.072.852.71
Debt to Equity 0.430.470.510.720.620.640.280.130.20.51
Working Capital Days 164167182372192196246258248263
Cash Conversion Cycle 716866148585251568193
Entity Percentage Holding
Promoters 62.39%
Institutions 10.90%
Non-Institutions 26.70%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of ISGEC Heavy Engineering Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that ISGEC Heavy Engineering Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of ISGEC Heavy Engineering Ltd.'s performance infers:

ISGEC Heavy Engineering Ltd. earnings have grown by 7.3%, whereas share price has depreciated -10.9% 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 ISGEC Heavy Engineering Ltd. share prices over the last 10 years. Here is what we found out:

ISGEC Heavy Engineering Ltd. share price has depreciated 9.2% annually over the past ten years.

Saraswati Industrial Syndicate is a 58-year old company listed on the Delhi Stock Exchange. The chairman & managing director is D D Puri and the joint managing director is Ranjit Puri. The company has interests in sugar, engineering, steels, etc. Saraswati Industrial Syndicate's sugar mills are located at Yammunanagar, the engineering division at Yamunanagar and Calcutta and the steel division at Muzaffarnagar (UP).

Business areas of the company:

Saraswati Industrial

Saraswati Industrial Syndicate is a 58-year old company listed on the Delhi Stock Exchange. The chairman & managing director is D D Puri and the joint managing director is Ranjit Puri. The company has interests in sugar, engineering, steels, etc. Saraswati Industrial Syndicate's sugar mills are located at Yammunanagar, the engineering division at Yamunanagar and Calcutta and the steel division at Muzaffarnagar (UP).

Business areas of the company:

Saraswati Industrial Syndicate manufactures bars and rods, metal, machine tool parts and accessories, steel and sugar products. The company's principal activity is to manufacture engineering equipments. It operates in two segments: Engineering and Sugar. Engineering comprises production and sales of heavy engineering equipments, mechanical and hydraulic presses and castings and construction and erection of plant and machinery. Sugar consists of manufacture and sale of sugar. The Group's products include pressure vessels and heat exchangers, presses, boilers, steel castings, sugar plant and machinery, iron castings and liquefied gas container.

Net profit of Saraswati Industrial Syndicate declined 28.20% to Rs 10.95 crore in the quarter ended June 2009 as against Rs 15.25 crore during the previous quarter ended June 2008. Sales rose 56.77% to Rs 429.54 crore in the quarter ended June 2009 as against Rs 273.99 crore during the previous quarter ended June 2008.

Competitors:

• SAIL â€¢ Tata Steel â€¢ JSW Steel â€¢ Bhushan Steel â€¢ Essar Steel â€¢ Jindal Saw, etc.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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