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C&C Constructions Ltd. Stock Analysis

Small Cap
Evaluated by 326 users | BSE: 532813 | NSE: CANDC |
Engineering - Construction
The company was incorporated in July 1996 by professionals having experience in the field of infrastructure development as C&C Constructions Private Limited and changed its name to C&C Constructions Limited in 2006. The company is based in Gurgaon, India Since its incorporation, it has...

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
 Jun'09Jun'10Jun'11Jun'12Jun'13Jun'14Jun'15Mar'16Mar'17Mar'18
Return on Capital Employed 11.64%12.32%9.45%3.48%-4.96%2.77%-4.76%5.2%11.7%9.23%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 7501,1681,2921,1481,0011,2831,0131,023949943
Y-o-Y Gr. Rt.-55.8%10.5%-11.1%-12.9%28.2%-21%1%-7.3%-0.6%
Adjusted EPS (Rs.) 22.5129.5416.47-28.2-78.12-31.57-75.49-11.3315.78-0.84
Y-o-Y Gr. Rt.-31.2%-44.3%-271.2%NANANANANA-105.3%
Book Value per Share (Rs.) 191.26225.56244.61215.95139.59109.334.6536.141.457.75
Adjusted Net Profit 41.169.138.5-71.8-199-80.3-192-28.840.2-2.1
Net Op. Cash Flow (Rs. Cr.) -12460.2-94.3116-34.12489027254.4283
Debt to Cash Flow from Ops -4.911.78-10.9510.08-38.95.1614.525.6320.953.28
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.
C&C Constructions Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 2.6%-1.2%-2.4%-0.6%
Adjusted EPS -169.4%NANA-105.3%
Book Value per Share -12.5-16.218.639.5
Share Price -34.9% -29.2% -62.2% -30.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Jun'09Jun'10Jun'11Jun'12Jun'13Jun'14Jun'15Mar'16Mar'17Mar'18
Return on Equity (%) 12.4915.766.7-12.25-42.17-22.65-86.85-18.5532.1-1.3
Operating Profit Margin (%) 18.6920.1819.5113.062.6510.622.9717.1921.5717.54
Net Profit Margin (%) 5.485.912.98-6.25-19.87-6.26-18.95-2.824.23-0.23
Debt to Equity 1.741.341.662.123.734.5914.8216.6510.816.32
Working Capital Days 352360422574720573689862712769
Cash Conversion Cycle 1912012533382891161171168677
Entity Percentage Holding
Promoters 32.36%
Institutions 1.16%
Non-Institutions 66.48%
Pledged *78.3578.3678.3678.3678.3678.3678.4778.4778.4778.47
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of C&C Constructions's performance infers:

C&C Constructions earnings have grown by 0%, whereas share price has depreciated -29.2% 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 C&C Constructions share prices over the last 10 years. Here is what we found out:

C&C Constructions share price has depreciated -37.4% annually over the past ten years.

The company was incorporated in July 1996 by professionals having experience in the field of infrastructure development as C&C Constructions Private Limited and changed its name to C&C Constructions Limited in 2006. The company is based in Gurgaon, India

Since its incorporation, it has acquired expertise in EPC contracts, and has recently forayed into urban infrastructure projects. It commenced its construction projects by undertaking two contracts of Rs 0.3 million each in 1996

The company was incorporated in July 1996 by professionals having experience in the field of infrastructure development as C&C Constructions Private Limited and changed its name to C&C Constructions Limited in 2006. The company is based in Gurgaon, India

Since its incorporation, it has acquired expertise in EPC contracts, and has recently forayed into urban infrastructure projects. It commenced its construction projects by undertaking two contracts of Rs 0.3 million each in 1996 and presently has a prequalification capacity to quote for contracts over Rs 18 billion.

C & C Constructions Limited operates as an infrastructure development company in India. The company engages in the construction of highways and airports; laying of optic fiber cables; and maintenance of telecom networks. Its services include construction of airfield pavements; state and national highways; city and rural roads; bridges and culverts; OFC backbone projects; runway lighting; sign posting and thermoplastic road/runway marking; highway safety systems; and operation and maintenance services.

C & C Constructions Ltd. has a unique business model, with proven expertise in innovative thinking, project and cost management. The company is focused on delivering high quality work within budgeted time and costs, as evident in the various accolades and repeat business. A key objective has also been to continuously broad base the operating portfolio and enhance the order book, thus opening new avenues to growth and profitability. The company has also developed an appropriate blend of entrepreneurs and hands on professionals, constantly thinking & executing innovative and cost effective solutions to clients' requirements.

The company has ownership of critical high end and modern construction equipment such as crushers, excavators, cranes, batching plants, pavers, etc. The asset base of the company stands over Rs 2000 million. Ownership of such high end equipment enables quick mobilization besides ensuring continuous availability of critical equipment.

The company has more than 1100 employees including Engineers, MBAs and CAs and its major clients include :

  • National Highways Authority of India
  • Airports Authority of India
  • Public Works Department of various State Government
  • Punjab Infrastructure Development Board
  • Public Works Department, Afghanistan
  • The Louis Berger Group, Inc
  • RITES Limited
  • UNOPS

The company undertakes projects under following sectors: Roads & Highways projects

  • State & National Highway
  • City Roads
  • High Capacity Transport Corridors
  • Bridges & Culverts
  • Highway safety system
  • Operation & Maintenance

Water Sanitation and Sewerage projects

  • Water Sanitation Facilities
  • Providing and installing Sewerage System
  • Water Sewerage Treatment Plant
  • Irrigation Piping Network

Power / Telecom Transmission Tower projects

  • Optical Fiber Cable ( OFC) backbone Projects
  • Tower Foundation and Erection
  • DG Foundation & Installation

Commercial Buildings Projects

  • Integrated Township
  • Corporate Parks
  • IT Parks and Campus Developement

Milestones achieved

  • In 1996, the very year of its establishment it got first road project in Punjab.
  • In 1997, awarded airport project in Kerala
  • In 2000, awarded first Highway project in Durgapur
  • In 2001, executed first JV with BSCPL
  • In 2003, it secured first overseas road project in Afganistan
  • In 2005, it was awarded 3 large contracts in Bihar.
  • In 2007, it got BOT Project on National Highway.
  • In 2008, it got first water & sewerage project in Jabalpur.

Subsidiary/ joint venture

The company has executed infrastructure projects in the past independently and in joint ventures. Its joint venture partners include M/S BSCPL with whom it has been working for over eight years. Recently it has entered another joint venture with Sukhmani Engineers to address the water sewerage and sanitation segment in the infrastructure space.

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

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