Foseco India Ltd - Stock Valuation and Financial Performance

BSE: 500150 | NSE: FOSECOIND | Chemicals | Small Cap

Foseco India Share Price

2,972.50 -27.10 -0.90%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Foseco India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Foseco India stock performance -

mw4me loader
P/E Ratio (SA):
26.01
Market Cap:
1,898.4 Cr.
52-wk low:
2,161.5
52-wk high:
4,149.3

Is Foseco India Ltd an attractive stock to invest in?

1. Is Foseco India Ltd a good quality company?

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

2. Is Foseco India Ltd undervalued or overvalued?

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

3. Is Foseco India Ltd a good buy now?

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

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.
Foseco India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22TTM
ROCE % 18.7%24.7%29.8%28.8%23.8%21.6%21.5%8.9%16.9%20.8%-
Value Creation
Index
0.30.81.11.10.70.50.5-0.40.20.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 227263292340358362323251338407477
Sales YoY Gr.-16.1%10.9%16.2%5.3%1.3%-11%-22.1%34.6%20.3%-
Adj EPS 28.238.450.253.250.350.754.924.551.472.8114.3
YoY Gr.-36%30.6%6%-5.4%0.8%8.2%-55.3%109.4%41.8%-
BVPS (₹) 139.3153.3170.6194.7228.1244.4268.4285.6326.1372.9448.8
Adj Net
Profit
1824.5323432.132.435.115.732.846.573
Cash Flow from Ops. 21.725.317.33265.747.146.830.319.858.7-
Debt/CF from Ops. 0.40.20.20.1000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%2.6%8%20.3%
Adj EPS 11.1%7.7%9.9%41.8%
BVPS11.6%10.3%11.6%14.4%
Share Price 18.9% 16.7% 35.7% 22.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22TTM
Return on
Equity %
20.226.33129.123.821.521.48.916.820.827.8
Op. Profit
Mgn %
13.51517.616.614.613.914.18.313.115.514.6
Net Profit
Mgn %
89.3111098.910.96.29.711.415.3
Debt to
Equity
0.10.1000000000
Working Cap
Days
131117119119122120122136105102133
Cash Conv.
Cycle
4848545346343026202485

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 27.80%

Sales growth is good in last 4 quarters at 17.37%

Sales growth has been subdued in last 3 years 8.04%

Net Profit has been subdued in last 3 years 9.89%

Latest Financials - Foseco India Ltd.

Standalone Consolidated
TTM EPS (₹) 114.3 -
TTM Sales (₹ Cr.) 477 -
BVPS (₹.) 448.8 -
Reserves (₹ Cr.) 280 -
P/BV 6.62 -
PE 26.01 -
From the Market
52 Week Low / High (₹) 2161.50 / 4149.25
All Time Low / High (₹) 46.00 / 4149.25
Market Cap (₹ Cr.) 1,898
Equity (₹ Cr.) 6.4
Face Value (₹) 10
Industry PE 46.7

Management X-Ray of Foseco India:

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Foseco India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Sales227263292340358362323251338407
Operating Expenses 197224241285306312278231294344
Manufacturing Costs19222428303029233237
Material Costs134154164200213215180141192229
Employee Cost 24252727313434353944
Other Costs 20232630323335313234
Operating Profit 30395155515045214462
Operating Profit Margin (%) 13.3%14.9%17.4%16.2%14.4%13.7%13.8%8.2%13.0%15.3%
Other Income 3322359768
Interest 0001000000
Depreciation 5555554669
Exceptional Items 0000000000
Profit Before Tax 27384851485050214361
Tax 913161817181561115
Profit After Tax 18253233323235153346
PAT Margin (%) 7.9%9.3%10.9%9.7%8.8%8.8%10.7%6.1%9.7%11.3%
Adjusted EPS (₹)27.938.549.751.849.450.254.124.251.272.0
Dividend Payout Ratio (%)88%55%53%44%51%50%46%62%49%56%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22

Equity and Liabilities

Shareholders Fund 8998109124146156171182208238
Share Capital 6666666666
Reserves 8391103118139150165176202232
Minority Interest0000000000
Debt6421000000
Long Term Debt6421000000
Short Term Debt0000000000
Trade Payables32313644636564677187
Others Liabilities 19181512101411111217
Total Liabilities 145150161181219235247260292342

Fixed Assets

Gross Block64666971283046475655
Accumulated Depreciation3640434551011162124
Net Fixed Assets28262626232034313531
CWIP 0110162501
Investments 0000000000
Inventories12131619172119132320
Trade Receivables6473901001018773657485
Cash Equivalents 262816257393112137150189
Others Assets1691211597101016
Total Assets 145150161181219235247260292342

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Cash Flow From Operating Activity 22251732664747302059
PBT 27384851485050214361
Adjustment 5347531413
Changes in Working Capital -0-7-16-102614814-177
Tax Paid -10-8-19-17-14-20-11-9-7-13
Cash Flow From Investing Activity -1-1-4-62-5-9-20-3
Capex -2-3-5-4-3-8-14-4-5-8
Net Investments 000-3300000
Others 1211135355
Cash Flow From Financing Activity -14-22-25-20-17-22-19-3-6-16
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-2000000
Interest Paid 0000000000
Dividend Paid -12-20-23-15-13-17-16-3-6-16
Others -2-2-2-3-4-4-3000
Net Cash Flow 72-126512119251340
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Ratios
ROE (%)19.9726.3230.6928.3723.3921.2321.098.7316.7320.6
ROCE (%)28.0637.9344.5943.5335.6233.3830.4412.0122.2527.47
Asset Turnover Ratio1.771.972.092.221.891.591.340.991.221.28
PAT to CFO Conversion(x)1.2210.530.972.061.471.3420.611.28
Working Capital Days
Receivable Days948691919695901007572
Inventory Days15161617171923231919
Payable Days867474739210912214410898

Foseco India Ltd Stock News

Foseco India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Foseco India on 18-Mar-2024 16:59 is ₹2,972.5.
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 18-Mar-2024 16:59 the market cap of Foseco India stood at ₹1,898.4.
The latest P/E ratio of Foseco India as of 18-Mar-2024 16:59 is 26.01.
The latest P/B ratio of Foseco India as of 18-Mar-2024 16:59 is 6.62.
The 52-week high of Foseco India is ₹4,149.3 and the 52-week low is ₹2,161.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Foseco India is ₹477.4 ( Cr.) .

About Foseco India Ltd

Foseco India originally known as (Greaves Foseco) was promoted in March 22, 1958 as a 50:50 JV between Greaves, a Thapar group company, and Foundry Services (Holdings) (now called Foseco), a Burmah Castrol firm. The Thapars divested their stake in November 1993 giving the company its present name. Foseco UK owns 3,704,219 equity shares in FIL, amounting to 58% of the equity share capital of the latter. The remaining 42% of shares in FIL are with the public.

The company manufactures 400 different products for the metallurgical industry including the steel and foundry industries. The products are in the nature of additives and consumables and improve the physical properties and surface qualities of castings as well as reduce costs of melting, moulding and castings.

The company’s market covers integrated steel plants like Sail and Tisco, mini-mills like Mukand, Kalyani and Musco; and foundries like Ennore Foundries, Lakshmi Machine Works, etc. The company also exports its products mainly to Middle East, Far East, Sri Lanka, Nepal, Kenya, Ghana, Bangladesh, Singapore and Taiwan. In 2005, Foseco was again floated on the London Stock Exchange.

The manufacturing activities of the company are situated at Pune and Pondicherry and the registered office of the company is located at Gat No. 922/923, Sanaswadi, Taluka Shirur Pune, Maharashtra.

In 2012 Foseco India Limited became part of the Vesuvius plc following demerger of Cookson Group into Vesuvius plc & Alent plc.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.