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Starlog Enterprises Ltd. Stock Analysis

Small Cap
Evaluated by 119 users | BSE: 520155 | NSE: ABGHEAVY |
Miscellaneous
ABG Infralogistics, started as a crane rental Company in 1983 and has rapidly expanded to become one of India’s foremost infrastructure solution provider. ABG, on its own and in collaboration with global Port and Logistic providers, has participated in several infrastructure projects...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 5.83%6.28%6.68%2.89%0.92%1.15%3.03%-0.52%-4.1%-4.37%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 13714514696.774.471.878.663.528.424.6
Y-o-Y Gr. Rt.-6%0.4%-33.6%-23.1%-3.5%9.6%-19.3%-55.3%-13.4%
Adjusted EPS (Rs.) 6.718.715.77-7.58-15.29-14.3-7.1-19.63-23.81-23.62
Y-o-Y Gr. Rt.-29.8%-33.8%-231.4%NANANANANANA
Book Value per Share (Rs.) 196.01194.21198.09192.84177.55165.86165.24127.24116.7293.5
Adjusted Net Profit 8.610.46.9-9.1-18.3-17.1-8.5-23.5-28.5-28.3
Net Op. Cash Flow (Rs. Cr.) 78.110383.752.933.467.859.325.78.811.3
Debt to Cash Flow from Ops 4.493.073.184.667.123.153.277.1614.4710.3
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.
Starlog Enterprises Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -17.4%-19.9%-32.2%-13.4%
Adjusted EPS -215%NANANA
Book Value per Share -7.9-12-17.3-19.9
Share Price -30.1% -44.9% -52% -41%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 3.454.312.94-3.88-8.26-8.33-4.29-13.43-19.52-22.47
Operating Profit Margin (%) 61.6562.3360.7752.0650.7637.5851.8742.4313.6225.5
Net Profit Margin (%) 6.287.184.73-9.38-24.61-23.84-10.8-37.03-100.43-115.07
Debt to Equity 1.41.351.121.071.121.080.981.210.911.04
Working Capital Days 4033633705917416534995421,0471,151
Cash Conversion Cycle 6386951461541087889237286
Entity Percentage Holding
Promoters 64.44%
Institutions 8.02%
Non-Institutions 27.55%
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 Starlog Enterprises Ltd.'s performance infers:

Starlog Enterprises Ltd. earnings have grown by 0%, whereas share price has depreciated -44.9% 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 Starlog Enterprises Ltd. share prices over the last 10 years. Here is what we found out:

Starlog Enterprises Ltd. share price has depreciated -27.1% annually over the past ten years.

ABG Infralogistics, started as a crane rental Company in 1983 and has rapidly expanded to become one of India’s foremost infrastructure solution provider. ABG, on its own and in collaboration with global Port and Logistic providers, has participated in several infrastructure projects all over the country.

Starting with the business of hiring of heavy earth moving machinery, ABG Infralogistics Limited

ABG Infralogistics, started as a crane rental Company in 1983 and has rapidly expanded to become one of India’s foremost infrastructure solution provider. ABG, on its own and in collaboration with global Port and Logistic providers, has participated in several infrastructure projects all over the country.

Starting with the business of hiring of heavy earth moving machinery, ABG Infralogistics Limited (ABG) over the last decades has become a market leader in the fields of charter hire of heavy duty cranes & Heavy erection works.

ABG has made remarkable achievements in owning, operating, maintaining & giving on hire cranes including heavy duty cranes to a wide spectrum of services and Industry. Substantial investments have been made in crawler cranes, truck cranes, tower cranes including ordering the world’s largest crawler crane having a lifting capacity of 3200MT i.e. Demag CC8800-1 TWIN.

ABG owns/operates over 200 cranes ranging from 1250MT to 9MT Our fleet is the youngest and most sophisticated one in the country since our cranes are imported from the world’s top manufacturer’s and match the best international standards. Further, we have access to the fore most engineering technologies from leading companies worldwide like Liebherr (Germany), Terex Demag (Germany), Manitowoc (USA), Kobelco (Japan) etc.

The company’s emphasis on quality and customer satisfaction has resulted in repeat orders from clients such as Bharat Heavy Electricals Limited (BHEL), Reliance Industries Limited, Essar Steel Limited, Tata Steel Limited, Suzlon Infrastructures Services Limited, Essar Oil Limited, Nuclear Corporation Limited, Doosan (India) Ltd, Larsen & Toubro etc.

ABG is one of the largest crane hire companies in India with modern self erect hydraulic crawler cranes deployed in the hydrocarbon, thermal power, wind energy, steel, cement and other industrial/infrastructure projects nationwide. It specializes in project management and execution of moving and installation of difficult oversize and overweight equipment. Each of its businesses has been achieving new milestones in efficiency, productivity and profitability. In the crane rental business. ABG, on its own and in collaboration with global Port and Logistic providers, has participated in several infrastructure projects all over the country.

The company currently operates through:

  • ABG Kolkata Container Terminal, located on the Hooghly River, which is a Riverine Port specialising in the supply, operation and maintenance of back-up equipment required to handle loading and unloading of containers at the Netaji Subhas Dock Kolkata Port. It offers seamless transport for the states of Delhi, Bihar, rest of North India and the North-Eastern states.
  • Strategically located 90 kilometres from the mouth of the Gulf of Kutch, ABG Kandla Container Terminal, is a 30-year BOT container terminal project. The future-ready ABG Kandla Container Terminal Ltd. serves the vast hinterland Indian states of Punjab, Haryana, Delhi and Gujarat, Rajasthan and MP.
  • The New ABG Mangalore Port is the only Major Port of Karnataka. The port specialises in exporting iron ore concentrates & pellets, iron ore fines, POL products, granite stones, containerised cargo, etc. The major imports of the port are crude and POL products, LPG, wood pulp, timber logs, finished fertilizers, liquid ammonia, phosphoric acid, other liquid chemicals, containerised cargo, etc. National Highway 17 passes by the port, giving access to the countries road network.
  • ABG Paradip is an artificial harbour located in the Bay of Bengal in the state of Orissa. One of India’s key seaports, the port primarily traffics bulk cargo. Paradip Port plays a critical role in serving the Eastern and Central parts of the country. Well connected by rail as well as road, its reach extends into the states of Orissa, Jharkhand, Chhatisgarh, West Bengal, Madhya Pradesh and Bihar.
  • ABG Vizag, the most natural and most easily formed port on the east coast of India forms an important traffic point on the eastern coast. Nestled among a chain of hills, flanked by massive rock hills on the Southern and Northern side, Vizag Port is one of the fastest industrial ports in India.

ABG has made remarkable achievements in owning, operating, maintaining & giving on hire cranes including heavy duty cranes to a wide spectrum of services and Industry.In 1985 ABG had set up a Project and Mechanical Construction Division. This division has successfully executed large scale mechanical projects, as well as Shutdown and Turnaround jobs.

Subsidiaries:

The Company has three subsidiaries: ABG Kolkata Container Terminal Private Limited, ABG Kandla Container Terminal Private Limited and ABG Projects and Services Limited (United Kingdom).

ABG has secured an order from Bharat Oman Refineries Limited , Bina, MP for heavy erection works including detail engineering of the lifts. A total 3000MT of lifts has been planned including 3 reactors each weighing 520MT. The 1250MT capacity Demag CC6800 shall be utilsed as the main crane while a suitable 300MT crane shall be utilized as a tailing.

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

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