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Satra Properties (India) Ltd. Stock Analysis

Small Cap
Evaluated by 59 users | BSE: 508996 | NSE: |
Construction - Real Estate
Satra Properties was incorporated as Express Leasing Limited in the year 1983 to undertake the business of leasing, hire purchase, investments, finance and trading. Praful Satra and Minaxi Satra, are the present promoters who acquired Express Leasing Limited in June 2005 in compliance with...

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 6.03%5.24%6%8.26%7.3%4.8%4.97%6.71%-11.01%0.3%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 20712421178.791.95891.2101-56.933.2
Y-o-Y Gr. Rt.--40%70.4%-62.8%16.7%-36.9%57.4%10.4%-156.5%NA
Adjusted EPS (Rs.) 0.550.280.240.260.220.080.240.1-2.74-0.02
Y-o-Y Gr. Rt.--49.1%-14.3%8.3%-15.4%-63.6%200%-58.3%-2840%NA
Book Value per Share (Rs.) 5.035.75.785.946.075.976.16.082.52.49
Adjusted Net Profit 8.64.53.94.13.61.44.41.8-48.8-0.3
Net Op. Cash Flow (Rs. Cr.) -10291.511186.918.177.3-16.20.8-28.9-8.5
Debt to Cash Flow from Ops -4.593.522.052.029.471.55-10.68228.51-7.17-24.08
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.
Satra Properties (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -18.4%-18.4%-28.6%NA
Adjusted EPS -169.2%-161.9%-143.7%NA
Book Value per Share -7.5-16.3-25.8-0.4
Share Price -18.7% -31.5% -46.8% 8.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 10.44.813.94.063.491.314.051.68-63.77-0.66
Operating Profit Margin (%) 13.3418.7312.6224.2733.437.724.419.0839.51-9.38
Net Profit Margin (%) 4.153.591.855.263.872.344.781.8185.76-0.88
Debt to Equity 5.463.242.251.71.751.121.591.624.644.6
Working Capital Days 1,0031,7388171,8351,3302,0921,6411,542-2,2923,317
Cash Conversion Cycle 6791,2295811,0277791,086862736-1,1822,198
Entity Percentage Holding
Promoters 54.35%
Institutions 3.73%
Non-Institutions 41.93%
Pledged *85.9585.9585.9581.2381.2381.2381.2381.2381.2381.23
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Satra Properties (India) Ltd.'s performance infers:

Satra Properties (India) Ltd. earnings have declined by -161.9%, whereas share price has depreciated -31.5% 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 Satra Properties (India) Ltd. share prices over the last 10 years. Here is what we found out:

Satra Properties (India) Ltd. share price has depreciated -22.8% annually over the past ten years.

Satra Properties was incorporated as Express Leasing Limited in the year 1983 to undertake the business of leasing, hire purchase, investments, finance and trading. Praful Satra and Minaxi Satra, are the present promoters who acquired Express Leasing Limited in June 2005 in compliance with SEBI SAST regulations. Subsequently the name was changed to Satra Properties (India) Ltd with effect from December 2005.

The company is an ISO 9001:2000 certified real estate development company in India

Satra Properties was incorporated as Express Leasing Limited in the year 1983 to undertake the business of leasing, hire purchase, investments, finance and trading. Praful Satra and Minaxi Satra, are the present promoters who acquired Express Leasing Limited in June 2005 in compliance with SEBI SAST regulations. Subsequently the name was changed to Satra Properties (India) Ltd with effect from December 2005.

The company is an ISO 9001:2000 certified real estate development company in India and its primary business is the development of commercial, retail, hotel and residential properties. This includes all aspects of real estate development, from the identification and acquisition of lands, to the planning, execution and marketing of projects.

Satra Properties operates directly or through its subsidiary or associate company or through project specific companies / firms formed for the purpose of execution of projects. It also undertakes development projects through Joint Development Agreements with third parties. It is also involved in the purchase and sale of TDRs which are freely transferable between developers.

The company is engaged in the construction of :

  • Retail Malls- Satra Properties has been developing retail malls under the name ‘Dreams the Mall’. The concept of retail includes leisure and entertainment such as multiplexes, game zones, food court and restaurants. Their retail model includes both lease able as well saleable projects. They intend to target a primary “anchor” retail operator at an appropriate stage of development of the malls and market the remaining saleable retail space to other retailers based on the location and demographic profile of the target consumers for the mall.
  • Commercial properties- They develop commercial space for corporate and high net worth individuals. Their commercial projects are strategically located in the upcoming commercial hubs of Mumbai.
  • Residential properties- They focus in this segment is on premium luxury apartments for the high end consumers. Their continued focus in this segment is to understand customer needs and their inspirational lifestyles so that they can conceptualize their projects accordingly. 
  • Township project- They have ventured into a township project through a project specific company. This project comprises of construction of villas and other amenities at strategic and scenic location. They aim to provide school, temple, community hospital and other infrastructure facilities in our township project. 
  • Hotel Projects- Their focus in this segment is on construction and development of star category hotels.  Presently, they are involved in development of star category hotel at Calicut, Kerala and propose to develop star category hotel at Cochin, Kerala.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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