Ceigall India Ltd - Stock Valuation and Financial Performance

BSE: 544223 | NSE: CEIGALL | Engineering - Construction | Small Cap

Ceigall India Share Price

356.60 0.15 0.04%
as on 13-Dec'24 13:49

DeciZen - make an informed investing decision on Ceigall India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Ceigall India stock performance -

mw4me loader
P/E Ratio (SA):
22.42
Market Cap:
6,209.5 Cr.
52-wk low:
293
52-wk high:
425

Is Ceigall India Ltd an attractive stock to invest in?

1. Is Ceigall India Ltd a good quality company?

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

2. Is Ceigall India Ltd undervalued or overvalued?

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

3. Is Ceigall India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ceigall India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ceigall 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.
Ceigall India 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'23Mar'24TTM
ROCE % 26.1%34.9%-
Value Creation
Index
0.91.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,0652,9552,955
Sales YoY Gr.-43.1%-
Adj EPS 11.717.615.9
YoY Gr.-50.1%-
BVPS (₹) 3955.995.4
Adj Net
Profit
184276277
Cash Flow from Ops. 30.8180-
Debt/CF from Ops. 15.12.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA43.1%
Adj EPS NANANA50.1%
BVPSNANANA43.3%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'23Mar'24TTM
Return on
Equity %
303721
Op. Profit
Mgn %
14.414.814.4
Net Profit
Mgn %
8.99.39.4
Debt to
Equity
0.80.60.1
Working Cap
Days
012862
Cash Conv.
Cycle
01433

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 21.00%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 8.60%

Latest Financials - Ceigall India Ltd.

Standalone Consolidated
TTM EPS (₹) 15.9 17.6
TTM Sales (₹ Cr.) 2,955 3,029
BVPS (₹.) 95.4 96.8
Reserves (₹ Cr.) 1,575 1,599
P/BV 3.74 3.68
PE 22.42 20.28
From the Market
52 Week Low / High (₹) 292.95 / 425.00
All Time Low / High (₹) 292.95 / 425.00
Market Cap (₹ Cr.) 6,210
Equity (₹ Cr.) 87.1
Face Value (₹) 5
Industry PE 39.7

Management X-Ray of Ceigall India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ceigall India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24
Sales2,0652,955
Operating Expenses 1,7672,516
Manufacturing Costs9831,414
Material Costs687972
Employee Cost 2957
Other Costs 6773
Operating Profit 298439
Operating Profit Margin (%) 14.4%14.8%
Other Income 2037
Interest 3261
Depreciation 3846
Exceptional Items 00
Profit Before Tax 249368
Tax 6391
Profit After Tax 185277
PAT Margin (%) 9.0%9.4%
Adjusted EPS (₹)11.817.6
Dividend Payout Ratio (%)3%4%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24

Equity and Liabilities

Shareholders Fund 613878
Share Capital 3979
Reserves 574800
Minority Interest00
Debt403270
Long Term Debt132127
Short Term Debt271142
Trade Payables359329
Others Liabilities 231483
Total Liabilities 1,6061,960

Fixed Assets

Gross Block345400
Accumulated Depreciation97125
Net Fixed Assets249275
CWIP 22
Investments 79198
Inventories107100
Trade Receivables348485
Cash Equivalents 359328
Others Assets463571
Total Assets 1,6061,960

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24
Cash Flow From Operating Activity 31180
PBT 249368
Adjustment 5576
Changes in Working Capital -209-169
Tax Paid -64-94
Cash Flow From Investing Activity -164-137
Capex -156-71
Net Investments 1321
Others -21-87
Cash Flow From Financing Activity 258-32
Net Proceeds from Shares 00
Net Proceeds from Borrowing 136170
Interest Paid -32-61
Dividend Paid -6-12
Others 160-129
Net Cash Flow 12412
PARTICULARSMar'23Mar'24
Ratios
ROE (%)30.2337.13
ROCE (%)26.0734.85
Asset Turnover Ratio1.291.66
PAT to CFO Conversion(x)0.170.65
Working Capital Days
Receivable Days6151
Inventory Days1913
Payable Days191129

Ceigall India Ltd Stock News

Ceigall India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ceigall India on 13-Dec-2024 13:49 is ₹356.6.
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 13-Dec-2024 13:49 the market cap of Ceigall India stood at ₹6,209.5.
The latest P/E ratio of Ceigall India as of 13-Dec-2024 13:49 is 22.42.
The latest P/B ratio of Ceigall India as of 13-Dec-2024 13:49 is 3.74.
The 52-week high of Ceigall India is ₹425.0 and the 52-week low is ₹292.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ceigall India is ₹2,955 ( Cr.) .

About Ceigall India Ltd

The company was originally incorporated as ‘Ceigall Builders Private Limited’ at Ludhiana, Punjab, India under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated July 8, 2002, as a private limited company issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh at Chandigarh. Upon the conversion of the company into a public limited company, pursuant to a board resolution dated January 28, 2011 and a shareholders’ resolution dated January 29, 2011, the name of the company was changed to “Ceigall India Limited” and a fresh certificate of incorporation dated February 9, 2011 was issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh at Chandigarh.

Ceigall India is an infrastructure construction company with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways and runways. It is one of the fastest growing engineering, procurement and construction (EPC) company. Over the last two decades, the company has transitioned from a small construction company to an established EPC player, demonstrating expertise in the design and construction of various road and highway projects including specialised structures across many states in India. It has been empanelled to participate with the Delhi Metro Rail Corporation in its upcoming tenders involving inter alia construction of railways, mega bridges and tunnels in India and abroad and also with a public sector undertaking for highways, bridges and tunnel construction work in north-eastern states of India, and such empanelment is mutually extendable.

For its EPC and HAM projects, the scope of its services typically includes design and engineering of the project, procurement of raw materials, project execution at site with overall project management up to the commissioning of these projects. Its employee resources and fleet of owned equipment, some of which are under buyback arrangements, and rental equipment, together with its engineering skills and capabilities, enable it to execute a range of projects. It has an experience of executing projects across diverse geographic locations in India with varying degrees of complexities such as construction in high-traffic and high-density areas, construction of tunnels in hilly terrain and slope protection and rock fall protection due to high rainfall and involving specialised structures such as tunnels, bridges and elevated roads. It has diversified its geographical presence in construction and development and execution of major multi-lane highway projects with specialised structures in various states of India, including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra and Bihar.

Business area of the company

Ceigall India is an infrastructure construction company with experience in undertaking specialized structural works such as elevated roads, flyovers, bridges, Railway over bridges (ROB), tunnels, highways, expressways and runways. It has diversified its geographical presence in construction, development and execution of major multi-lane highway projects with specialised structures in various states of India, including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra and Bihar.

Awards, accreditations and recognition

  • 2020: Received the 'Gold Award' at the National Highways Excellence Award, 2020 for Excellence in Project Management (EPC) from the Ministry of Road Transport and Highways, Government of India.
  • 2020: Received the 'Special Award' at National Highwas Excellence Awards, 2020 for outstanding work in challenging condition from the Ministry of Road Transport and Highways, Government of India.
  • 2021: Received the 'Special Award' at National Highwas Excellence Awards, 2021 for outstanding work in challenging condition from the Ministry of Road Transport and Highways, Government of India.

Major events and milestones

  • 2002: Incorporation of the company as Ceigall Builder Private Limited.
  • 2008: Road project executed which was awarded in 2006 by the Punjab Public Works Department, Ludhiana division with an aggregate project cost of Rs 62.94 million for 20.42 lane km.
  • 2013: Awarded projects from the Greater Mohali Area Development Authority.
  • 2014: Awarded first four lane highway EPC project from NHAI.
  • 2018: Awarded five EPC projects from NHAI.
  • 2018: Awarded an overlay project i.e. Kharar-Ludhiana-Ferozpur section (NH-95) through the Ministry of Road Transport Highway, which was completed before scheduled completion date.
  • 2019: Awarded the project for construction of the Karatarpur Sahib Corridor connecting Indo-Pak border and completed before the scheduled completion date.
  • 2021: Awarded the first project for construction of tunnel sector by NHAI in Jammu & Kashmir.
  • 2022: Allocated a contract for construction of 16.85-kilometre elevated highway under stress asset model wherein the earlier contractor went insolvent.
  • 2023: Completed the first HAM project (Malout-Abohar Project) before scheduled time.


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