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Unitech Ltd. Stock Analysis

Small Cap
Evaluated by 4178 users | BSE: 507878 | NSE: UNITECH |
Construction - Real Estate
Established in 1972, Unitech is today a leading real estate developer in India. Known for the quality of its products, it is the first developer to have been certified ISO 9001:2000 in North India and offers the most diversified product mix comprising residential, commercial/IT parks, retail,...

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.
Unitech Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Return on Capital Employed 17.02%11.89%6.54%5.63%3.6%2.9%2.09%1.51%-0.52%0.43%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,8041,8501,9002,0151,2881,0531,7109701,077889
Y-o-Y Gr. Rt.--34%2.7%6%-36.1%-18.2%62.4%-43.3%11%-17.4%
Adjusted EPS (Rs.) 6.184.52.171.951.110.670.31-0.05-1.05-0.73
Y-o-Y Gr. Rt.--27.2%-51.8%-10.1%-43.1%-39.6%-53.7%-116.1%NANA
Book Value per Share (Rs.) 13.2117.6132.4135.4836.8437.4237.7237.6632.6331.96
Adjusted Net Profit 1,00473152851129217582-13.3-275-190
Net Op. Cash Flow (Rs. Cr.) -3,6861,226-2,706-366925563260-229-220-133
Debt to Cash Flow from Ops -2.26.26-1.82-12.114.086.414.69-14.22-16.39-29.15
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.
Unitech Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -12%-7.1%-19.6%-17.4%
Adjusted EPS -178.9%-192%-233%NA
Book Value per Share 10.3-2.8-5.4-2.1
Share Price -28.4% -30.1% -39.7% 232.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Return on Equity (%) 60.7429.239.615.873.081.80.83-0.13-3-2.25
Operating Profit Margin (%) 57.1558.639.4135.6920.119.95-0.92-9.64-23.87-21.76
Net Profit Margin (%) 35.839.5227.825.3522.6516.584.79-1.37-25.58-21.41
Debt to Equity 3.792.690.620.480.390.370.390.330.420.47
Working Capital Days 1,4572,9623,1992,9144,0014,9383,2036,0405,5776,802
Cash Conversion Cycle 7881,5371,8911,229689682280398399486
Entity Percentage Holding
Promoters 5.10%
Institutions 2.03%
Non-Institutions 92.87%
Pledged *66.5166.5144.0124.7024.7024.7024.6924.693.750.37
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Unitech Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Unitech Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Unitech Ltd.'s performance infers:

Unitech Ltd. earnings have declined by -192%, whereas share price has depreciated -30.1% 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 Unitech Ltd. share prices over the last 10 years. Here is what we found out:

Unitech Ltd. share price has depreciated -34.2% annually over the past ten years.

Established in 1972, Unitech is today a leading real estate developer in India. Known for the quality of its products, it is the first developer to have been certified ISO 9001:2000 in North India and offers the most diversified product mix comprising residential, commercial/IT parks, retail, hotels, amusement parks and SEZs.

With years of experience it earned a name in delivering quality product. Unitech is engaged into development of residential, commercial/Information Technology (IT)

Established in 1972, Unitech is today a leading real estate developer in India. Known for the quality of its products, it is the first developer to have been certified ISO 9001:2000 in North India and offers the most diversified product mix comprising residential, commercial/IT parks, retail, hotels, amusement parks and SEZs.

With years of experience it earned a name in delivering quality product. Unitech is engaged into development of residential, commercial/Information Technology (IT) parks, Retail, Amusement parks, Hotels and Special Economic Zones.

Unitech has long partnered with internationally acclaimed architects and design consultants including SOM (USA), BDP (UK), Maunsell AECOM (HK), MEA Systra (France), Callison (USA), FORREC (Canada), SWA and HOK (USA) for various projects.

It has an enviable clientele for commercial projects including Fidelity, McKinsey, Bank of America, Ford Motors, Nike, EDS, Hewitt, Amdocs, Ernst & Young, Reebok, Keane, Seagrams, Perfetti, Exxon Mobil and AT Kearney.

Unitech and Norway based Telenor Group - the 6th largest mobile communication provider in the world, came together to build Uninor - a telecommunication services company providing GSM services across India.

Recently the Company has ventured into the infrastructure business by launching Unitech Infra, thus leveraging its decades of experience and expertise in real estate.

Projects

Unitech has an experience of developing various projects. It is developing several projects for major cities.

Residential projects-It has undertaken various projects and developed them namely, Uniworld City (Mohali), Sun Breeze (Ghaziabad), Fresco (Gurgaon), Deja View park (Bangalore) are among others.

Commercial Projects- It has undertaken several commercial projects for development namely Infospace (Kolkata), Signature Towers, Global Business Park, Unitech Cybercity ,Unitech Business Park are among others.

Retail Projects- Its retail project portfolio consists of Uniworld city (Kolkata), Greenwood Center, Gurgaon Central, garden Galleria are among others.

It has successfully developed various projects like Telephone Exchange Building for MTNL (New Delhi), 5-star Radisson Hotel (New Delhi) amongst others.

Milestone

It has developed the largest mall in India at Noida with a leasable area of 1 million sq. ft.

Unitech’s The Great India Place’ located at Noida has received award for the ‘Best Designed Mall of the Country’.

Unitech was awarded the title of Super Brand by Super Brand India in October 2007.

It has land reserves of nearly 14,000 acres spread across major centres of economic activity in India.

2010
Unitech Ltd has launched Rs. 300 crore venture capital fund to raise funds for its slum redevelopment projects in Mumbai.

2011
Unitech launched Crestview Apartments in Gurgaon
Unitech launched two new projects in Chennai - Chaitanya and Ekanta
Unitech launched Unihomes in Ambala
Unitech ranked amongst the top 15 Fastest Growing Companies

2012
Unitech inaugurated Night Golfing at its luxurious residential project in Noida
Unitech launched Exquisite in Noida
Unitech launched Gardens Galleria Mall, Noida
Unitech launched luxury villas in Bangalore.

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

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