Innocorp Ltd - Stock Valuation and Financial Performance

BSE: 531929 | NSE: | Plastic Products | Small Cap

Innocorp Share Price

5.50 0.30 5.77%
as on 19-Apr'24 16:01

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Innocorp stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
4.4 Cr.
52-wk low:
4.6
52-wk high:
7.6

Is Innocorp Ltd an attractive stock to invest in?

1. Is Innocorp Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Innocorp Ltd is a below average quality company.

2. Is Innocorp Ltd undervalued or overvalued?

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

3. Is Innocorp Ltd a good buy now?

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

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.
Innocorp Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.1%-21.2%-10.5%-34.3%-31.2%-26%-31.1%34.9%-5.5%-21.7%-
Value Creation
Index
-0.7-2.5-1.8-3.5-3.2NANA1.5NA-2.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 12.911.51.82.21.21.50.70.50.50.20
Sales YoY Gr.--10.9%-84.5%21.4%-43.5%18.9%-55.2%-26.2%8.3%-71.2%-
Adj EPS 0.1-3.5-1.5-3.4-2.1-1.4-1.20.5-0.2-0.6-2.9
YoY Gr.--5057.1%NANANANANANA-144%NA-
BVPS (₹) 10.36.85.21.91.1-0.2-1.6-0.9-1.13.73.4
Adj Net
Profit
0.1-2.8-1.2-2.7-1.7-1.1-0.90.4-0.2-0.5-2
Cash Flow from Ops. 0.32.60.60.7-0.4-0.400.30.1-1.3-
Debt/CF from Ops. 161.47.55.6-7.8-9.782.68.438.90-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -39%-34.2%-38.7%-71.2%
Adj EPS -227.7%NANANA
BVPS-10.7%28.1%NANA
Share Price 3.2% 20.7% 82.2% -22.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.7-40.7-25.5-93.6-140.7-301.5132.5-39.921.5-49-81.7
Op. Profit
Mgn %
12.3-27-25.6-10.6-69.7-34.6-59.93924.6-504-4221.4
Net Profit
Mgn %
0.4-24-68.5-123.4-137.8-75.1-143.182.3-33.7-337.8-23184.8
Debt to
Equity
0.60.712.73.4-26.6-2-3.4-2.90-
Working Cap
Days
1751252831932992313443563244,8935,667
Cash Conv.
Cycle
45321321061479083-18212833,094

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -38.66%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -48.22%

Latest Financials - Innocorp Ltd.

Standalone Consolidated
TTM EPS (₹) -2.9 0.2
TTM Sales (₹ Cr.) 0 18.6
BVPS (₹.) 3.4 0
Reserves (₹ Cr.) -5 10
P/BV 1.60 0.00
PE 0.00 35.62
From the Market
52 Week Low / High (₹) 4.61 / 7.60
All Time Low / High (₹) 0.55 / 181.85
Market Cap (₹ Cr.) 4.4
Equity (₹ Cr.) 7.9
Face Value (₹) 10
Industry PE 35.5

Management X-Ray of Innocorp:

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 Innocorp

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales12.8911.491.782.161.221.450.650.480.520.15
Operating Expenses 11.3114.632.232.392.071.951.330.290.391.43
Manufacturing Costs1.901.530.630.760.760.810.380.060.090.04
Material Costs7.048.860.630.800.500.640.30000.03
Employee Cost 0.590.410.450.450.380.320.0400.110
Other Costs 1.783.820.520.370.430.170.610.230.191.36
Operating Profit 1.58-3.13-0.45-0.23-0.85-0.50-0.680.190.13-1.28
Operating Profit Margin (%) 12.3%-27.3%-25.6%-10.6%-69.7%-34.6%-104.0%39.0%24.6%-860.0%
Other Income 0.090.070.140.071.440.1500.200.016.78
Interest 0.670.630.450.390.320.220.270.180.120
Depreciation 0.761.450.450.480.450.420.280.180.190.12
Exceptional Items 0000000000
Profit Before Tax 0.24-5.13-1.22-1.03-0.19-0.99-1.220.03-0.175.37
Tax 0.18-2.3601.590.500-0.09-0.5101.52
Profit After Tax 0.06-2.77-1.22-2.62-0.68-0.99-1.130.54-0.173.85
PAT Margin (%) 0.4%-24.1%-68.5%-121.0%-56.0%-68.4%-174.0%111.7%-33.7%2,588.3%
Adjusted EPS (₹)0.1-3.5-1.5-3.3-0.9-1.2-1.40.7-0.24.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8.155.384.161.540.85-0.13-1.26-0.73-0.902.95
Share Capital 7.947.947.947.947.947.947.947.947.947.94
Reserves 0.21-2.57-3.78-6.40-7.09-8.08-9.21-8.67-8.84-4.99
Minority Interest0000000000
Debt4.803.494.154.092.863.562.562.442.570
Long Term Debt1.591.010.481.240.810.950.890.701.340
Short Term Debt3.222.493.672.852.052.611.671.741.230
Trade Payables0.270.870.140.250.330.220.230.400.110.11
Others Liabilities -0.21-2.49-2.43-0.620.280.350.24-0.18-0.110.74
Total Liabilities 13.017.256.035.254.3341.771.931.663.81

Fixed Assets

Gross Block10.6610.7510.7710.659.719.375.192.993.090.58
Accumulated Depreciation4.195.606.056.406.386.193.831.621.810.40
Net Fixed Assets6.475.164.724.253.333.171.361.371.280.18
CWIP 0000000000
Investments 0000000000
Inventories1.380.720.640.490.370.290.030.030.030
Trade Receivables0.560.530.250.190.260.200.050.300.190.08
Cash Equivalents 0.070.450.020.010.010.010.010.020.010.01
Others Assets4.540.390.400.320.370.330.320.220.163.54
Total Assets 13.017.256.035.254.3341.771.931.663.81

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.302.590.560.73-0.37-0.370.030.290.07-1.34
PBT 0.23-5.13-1.22-1.03-0.19-0.99-1.220.03-0.175.37
Adjustment 0.504.730.900.58-0.670.490.830.160.30-6.12
Changes in Working Capital -0.4330.881.180.490.130.420.1-0.06-0.59
Tax Paid 0000000000
Cash Flow From Investing Activity -0.58-0.27-0.02-0.081.91-0.111.260.01-0.107.20
Capex -0.58-0.27-0.02-0.071.90-0.121.250.01-0.107.20
Net Investments 0000000000
Others 000-0.010.010.01000.010
Cash Flow From Financing Activity 0.33-1.94-0.97-0.10-1.550.48-1.28-0.300.02-5.86
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000000-0.06-0.190.640
Interest Paid 0-0.63-0.45-0.02-0.32-0.22-0.27-0.18-0.120
Dividend Paid 0000000000
Others 0.33-1.31-0.53-0.07-1.230.70-0.940.07-0.50-5.86
Net Cash Flow 0.050.38-0.430.55000.010-0.010
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.69-41.01-25.49-92.01-57.18N/AN/AN/AN/A375.6
ROCE (%)7.11-41.27-8.95-9.192.89N/AN/AN/AN/A232.57
Asset Turnover Ratio1.031.170.290.380.250.350.220.260.290.05
PAT to CFO Conversion(x)5N/AN/AN/AN/AN/AN/A0.54N/A-0.35
Working Capital Days
Receivable Days20177637685970131173328
Inventory Days373213195127838920180
Payable Days202429588212157275001,537

Innocorp Ltd Stock News

Innocorp Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Innocorp on 19-Apr-2024 16:01 is ₹5.50.
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 19-Apr-2024 16:01 the market cap of Innocorp stood at ₹4.37.
The latest P/E ratio of Innocorp as of 19-Apr-2024 16:01 is 0.00.
The latest P/B ratio of Innocorp as of 19-Apr-2024 16:01 is 1.60.
The 52-week high of Innocorp is ₹7.60 and the 52-week low is ₹4.61.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Innocorp is ₹0.01 ( Cr.) .

About Innocorp Ltd

Innocorp is a result of an untiring and focused tryst of a young team, whose sole aim was to excel and excel. With this being the cornerstone of their philosophy, under the guidance of the CEO / Chief Promoter, Prasad VSS Garapati, Innocorp has achieved today’s rock solid position amongst the peers.

Garapati as a chief promoter floated a public limited company Innosoft Technologies Limited, formerly known as Innovations International Exim Limited on  September 21, 1994. In 2006 the company’s name was changed to Innocorp and apart from its core business is also providing total infrastructural services for Power Transmission & Distribution sector like the power cable manufacturing and laying of LT & HT lines.

From the modest beginnings in 90s Innocorp has grown to achieve a turnover of Rs.300 million in the previous financial year. This, compared on YOY basis, represents an impressive growth of 600%. This was feasibly only due to the diversification of the company into profitable greenfield areas.With innovative mindset and untiring efforts, today, Innocorp can say that with all certainty their efforts have yielded impressive harvest and it’s a forward looking and growth oriented conglomerate today

Innocorp Strengths:

  • Only manufacturer of Tupperware outside their own facilities in South East Asia.
  • Manufacturing facilities at lower than Industry average cost
  • Well established and time tested customer network & relations
  • Dynamic Market oriented Management Policies
  • Crossed several stringent quality barriers of National & International bodies
  • Approved by many prestigious customers as their preferred supplier
  • Committed Managerial & Technical team to spearhead the R& Dactivities.

Product range of the company includes:

Plastics Division:

  • All components for Tupperware;
  • Engineering Plastics upto a unit weight of 2400 Grams.
  • Consumer Durables like chairs, stools, tables etc.. upto 3000 Gr/Pc.
  • Thermoplastic Insulators.
  • Components for washing machines, refrigerators etc.
  • Other moulded wares, custom made.

Power Infrastructure Division

  • LV Power Cables, PVC Insulated, Single Core.
  • LV Power Cables, XLPE Insulated, Single Core.
  • LV Power Cables, PVC Insulated, Multi Core.
  • LV Power Cables, XLPE Insulated, Multi Core.
  • MV Power Cables, upto 33 kV, Single Core.
  • MV Power Cables, upto 33 kV, Multi Core.

Instrumentation Cables

  • Control Cables.
  • Fire Survival (FR) Cables.
  • Fire Resistant, Low Smoke (FRLS) Cables.
  • Speciality Cables with FR properties.
  • Speciality Cables with Halogen Free Insulation.
  • Individually screened Cables;
  • Individually screened and shielded Cables;
  • Shielded Cables for High Temperature operation.
  • Teflon Insulated Cables & Wires.
  • XLPE Insulated Transmission Conductors.
  • Panel Wires for upto 110°C Operation.
  • House Wiring Cables & Service Connection Cables.
  • Rubber (EPDM) Insulated Cables.
  • Welding Cables.
  • Mining Cables.

The client base of the company Includes various prestigious customers:- Tupperware, Nilkamal Plastics, Supreme,polyset, APSEB, MSEB, ENERCON, HESCOM.

Different divisions of the company:

  • Plastic Division- Innoplast Limited is the flagship company of Innocorp Ltd., having its registered office in Hyderabad, India. The Company offers a suite of manufacturing facilities to cater to various needs of plastic industries. the company is having two-injection molding machines of L&T Demag make with 350 Ton, 500 Ton and 850 Ton capacities. These machines are fully engaged for manufacturing of Tupperware products and plastic furniture for various customers.
  • Power Infrastructure- Innocorp has entered in to a contract manufacturing agreement with Gem CABLES AND CONDUCTORS LIMITED after recognizing a need for an unfailing and dependable Power transmission to sustain the tempo of growing industrialization. It manufactures wide range of products, like AAAC, ACSR and Alloy Conductors for Power Transmission, XLPE Cables for operating Voltages up to 33000 Volts, PVC Cables for operating voltages up to 1100 Volts, Mining Cables, Aerial Bunched Cables, Control Cables etc., as per the Standards (BIS, British Standards (BS), American Standards (ASTM), IEC, depending on the requirement of the customer in India, and Abroad.
  • International Trading- Innocorp’s trading division is based in Dubai, UAE and have affiliate offices, partners and representatives spanning across the globe in the UK, USA, China & Russia. Innocorp is regularly dealing with the commodities market, offering quality products at unbeatable prices.

Future Plans:

  • On the frontiers, Innocorp is in very active dialogue with various gulf based investors to establish a power cable manufacturing plant at UAE.
  • Innocorp is also in the process of entering the field of Real Estate and construction, which is zooming northward. The company is entering into MOUs with various NRIs’ and corporates from the Gulf in this regard.
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