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Techno Forge Ltd. Stock Analysis

Small Cap
Evaluated by 39 users | BSE: 522142 | NSE: |
Forgings
Techno Forge Ltd. is an ISO 9001:2000 Certified Company located in the north of Mumbai port. The company makes forged seamless rings upto 1500 mm outer dia. With minimum thickness of 45mm, it also makes none standard forgings such as couplers, forged fittings, forged components for valve...

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
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Return on Capital Employed 12.33%8.63%11.92%10.77%9.53%7.05%-7.21%-17.37%0.5%-48.21%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 15.421.221.726.925.52310.66.47.45.1
Y-o-Y Gr. Rt.-37.6%2.5%24.1%-5.2%-10%-53.6%-39.5%15.5%-31.5%
Adjusted EPS (Rs.) 2.380.622.72.512.181.2-11.49-17.25-4.23-22.71
Y-o-Y Gr. Rt.--74%335.5%-7%-13.2%-45%-1057.5%NANANA
Book Value per Share (Rs.) 15.0615.7418.7120.9423.1324.2512.76-2.55-7.29-29.95
Adjusted Net Profit 10.31.110.90.5-5-7.4-1.8-9.8
Net Op. Cash Flow (Rs. Cr.) -1.10.81.62.5-0.5-1.70.4000
Debt to Cash Flow from Ops -8.2613.386.965.04-37.68-15.7775.26000
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.
Techno Forge Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -11.5%-27.5%-21.7%-31.5%
Adjusted EPS -228.5%-259.8%NANA
Book Value per Share -207.9-205.3-232.90
Share Price -5.9% 1% - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Return on Equity (%) 15.673.6614.1811.859.094.81-56.17-256.33101.87127.1
Operating Profit Margin (%) 17.4511.813.3414.6317.5320.79-25.74-94.84-27.56-60.16
Net Profit Margin (%) 6.171.174.963.843.522.26-46.55-115.48-24.54-191.91
Debt to Equity 1.531.661.431.472.022.574.97-22.31-7.81-1.84
Working Capital Days 213197220214323412737873488464
Cash Conversion Cycle 84625485145242645767414377
Entity Percentage Holding
Promoters 40.46%
Non-Institutions 59.54%
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 Techno Forge's performance infers:

Techno Forge earnings have declined by -259.8%, whereas share price has appreciated 1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Techno Forge share prices over the last 10 years. Here is what we found out:

Techno Forge share price has appreciated -3.1% annually over the past ten years.

Techno Forge Ltd. is an ISO 9001:2000 Certified Company located in the north of Mumbai port. The company makes forged seamless rings upto 1500 mm outer dia. With minimum thickness of 45mm, it also makes none standard forgings such as couplers, forged fittings, forged components for valve bodies and bonnets, gear blanks, pinions, roller shafts, hollow bars and manifolds.

The company is located at the Western  part of India, which is one of the fastest Developing industrial region of

Techno Forge Ltd. is an ISO 9001:2000 Certified Company located in the north of Mumbai port. The company makes forged seamless rings upto 1500 mm outer dia. With minimum thickness of 45mm, it also makes none standard forgings such as couplers, forged fittings, forged components for valve bodies and bonnets, gear blanks, pinions, roller shafts, hollow bars and manifolds.

The company is located at the Western  part of India, which is one of the fastest Developing industrial region of India, in  terms  of Transport,  Infrastructure and oil exploration. While the workshop of the company is located at approximately 200 miles north of Mumbai port.

The company’s forging capacity is to make forge flanges right from ½” upto 48” of flanges or a single piece of 1.5 tone maximum, the company makes forged seamless ring up to 1500 mm outer dia. With minimum thickness of 45mm, they also make none standard forgings such as couplers, forged fittings, forged components for valve bodies and bonnets, gear blanks, pinions, roller shafts, hollow bars and manifolds.

The company executes orders under third party inspection agencies such as Lloyds Registrar of Industrial services,TUV, DNV, ABS, udhe India, BVIS Baxcouncil, Nuclear power corporation of India Ltd, EIL, IBR, L &T etc.

It is exporting forged flanges, couplers, forged fittings and forged components for valve bodies and bonnets to European customers.

The company is considered to be preferred vendor for all kinds of forgings with the most reputed organizations such as Nuclear power corporation India Limited, Bhabha Atomic Research centre, Reliance India Limited, Larson and Tubro & oil and Natural Gas Commission of India.

Product range of the company includes:

Non Standard Products

  • Tube, Sheet, Gear Blanks
  • Shaft, Multi Step Shaft
  • Rotary shaft, pinions, Rollers
  • Flats and Blocks
  • Gear Rings
  • Hollow Bars
  • Rolls for rolling mills
  • Forge Valve body

Shipping Products

  • Rudder Stock Assembly
  • Nozzle Support
  • Trunk Boss
  • Upper Stock (shaft)
  • Shaft Holders
  • Winch Assembly
  • Trigger Assembly
  • All other forge components for marine products

Forge Flanges

Achievements/ recognition:

  • It is an organized forged shop, certified ISO 9001: 2000 by International certification services (Asia) Pvt Ltd.
  • Engineers India Ltd, Nuclear power corporation, Indian Boiler Regulation have approved the forge shop.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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