Coromandel Engineering Company Ltd Stock Analysis

BSE: 533167 | NSE: COROENGG | Engineering - Construction | Small Cap

BSE Share Price 01-Dec-2022 18:01
37.25 1.75 (4.93%)

DeciZen - Make an Informed Decision on Coromandel Engg. Co

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Coromandel Engg. Co Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
123.8 Cr.
52-wk low :
28
52-wk high :
47.2
Bole Toh?

1. Is Coromandel Engineering Company Ltd a good quality company?

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

2. Is Coromandel Engineering Company Ltd undervalued or overvalued?

The key valuation ratios of Coromandel Engineering Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Coromandel Engineering Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Coromandel Engineering Company 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 Coromandel Engg. Co:

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.
Coromandel Engineering Company 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 2.5%1.2%12.1%6.7%-7.9%-14.2%-10.6%-2.3%-9.4%-15.3%-
Value Creation Index NA-0.9-0.1-0.5-1.6-2.0-1.8-1.2NANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 21619923012231.332.545.757.7109133148
YoY Gr. Rt. %--7.9%15.6%-47%-74.4%3.7%40.7%26.1%88.2%22.6%-
Adj EPS -2.6-2.70.50.1-2.4-3.8-3.6-1.9-3-2.8-1.5
YoY Gr. Rt. %-NANA-85.4%-3500%NANANANANA-
BVPS (₹) -3.610.911.211.38.851.40-2.4-4.8-5.6
Adj Net Profit -5.5-8.91.60.2-7.9-12.5-11.9-6.2-10.1-9.3-5
Cash Flow from Ops. 3.6-25.360.219.3-1.1-19.93.8-1.510.819.7-
Debt/CF from Ops. 23.7-41.21.3-27.1-2.614.1-25.12.90.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -5.3%33.5%42.8%22.6%
Adj EPS NANANANA
BVPS 0-188.6-249.40
Share Price 1.3% -8.9% 23.2% 16.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -27.4-29.33.60.5-19.6-41.8-67.1-30.8-41.2-56.529.3
Op. Profit Mgn % 2.71.8119.6-3.3-13.8-5.3-2.4-1-0.11.5
Net Profit Mgn % -2.5-4.50.70.2-25.2-38.5-26-10.7-9.3-7-3.4
Debt to Equity 4.92.31.60.60.82.24.61.41.51.2-
Working Cap Days 304417324337703692537430232166150
Cash Conv. Cycle 93106118143217421326237111577

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 29.30%

Sales growth is good in last 4 quarters at 12.18%

Sales growth has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.16

Latest Financials - Coromandel Engineering Company Ltd.

Standalone Consolidated
TTM EPS (₹) -1.5 -
TTM Sales (₹ Cr.) 148 -
BVPS (₹.) -5.6 -
Reserves (₹ Cr.) -52 -
P/BV -6.70 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 28.00 / 47.20
All Time Low / High (₹) 11.50 / 90.70
Market Cap (₹ Cr.) 124
Equity (₹ Cr.) 33.2
Face Value (₹) 10
Industry PE 27.6

Management X-Ray of Coromandel Engg. Co :

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 Coromandel Engg. Co

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Coromandel Engineering Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Coromandel Engg. Co on 01-Dec-2022 18:01 is : 37.25.
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 01-Dec-2022 18:01 the market cap of Coromandel Engg. Co stood at ₹ 123.8.
The latest PE ratio of Coromandel Engg. Co as of 01-Dec-2022 18:01 is 0.00.
The latest PB ratio of Coromandel Engg. Co as of 01-Dec-2022 18:01 is -6.70
The 52-week high of Coromandel Engg. Co is ₹ 47.20 and the 52-week low is ₹ 28.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Coromandel Engg. Co is ₹ 147.6 ( Cr.) .

About Coromandel Engineering Company Ltd

Coromandel Engineering Company was established in the year 1947 and is a part of the Murugappa Group. Coromandel Engineering's first building was the Wellington Nursing Home (Now Sankar Nethralaya housed). The first industrial major project was putting up the factory for Tube Investment and the next plant for Ashok Leyland. Among Coromandel Engineering's subsequent major projects in the first five years were the various factories the Murugappa Group raised in Avadi, Ambattur and Thiruvottiyur apart from several other factories that came up in Chennai as a consequence of post independence industrial boom.

Though Coromandel Engineering's thinking was to concentrate on factory building, the company made a mark for itself when it started work on the British designed United India Building which was completed in 1959 as the nationalized Life Insurance Corporation's southern Head quarters, the tallest building in South till the 1980's ( LIC building of Mount road - 14 Floors). Another landmark building includes Tiam House in First Line Beach (Now Rajaji Salai), Bombay Mutual Building on Esplanade were among the first modern high rise buildings in Madras main business district. Chola Sheraton and Oberoi Group Trident (now the Hilton Group) as well the Karumuttu Centre on Mount Road in Nandanam have been some of Coromandel Engineering's major achievements.

In 1988 it had ventured into the Real Estate development in Chennai and has constructed many premium apartments in Chennai. Coromandel Engineering has not only built commercial building in Chennai, but has also constructed landmark commercial buildings in Bangalore like Unity Building, Hotel Holiday Inn and Windsor Manor which also stands testimony to the company's capabilities. It has also constructed many Industrial Buildings all over India.

Coromandel Engineering has not narrowed its activities in India and has also constructed a seven storied building for Life Insurance Corporation of India at Mauritius in the year 1993.

In 1995 it has entered into an agreement with Butler U.S.A. for putting up of Pre-Engineered Metal Building System and erected two Butler pre-fab building for Ford India. In the recent five years it has constructed many industrial, commercial and institutional buildings and recently came up with 80 units of residential blocks in Avinashi Road, Coimbatore, Tamil Nadu.

Coromandel Engineering is now embarking on the new journey of aggressive growth to further consolidate its business and emerge as one of most respected infrastructure company.

Milestones:

  • 1947 - Incorporation of the Company
  • 1959 - Built 14 storey, LIC Building on Anna Salai, Chennai which is one of the tallest buildings in South India
  • 1975 - Converted into public limited
  • 1987,88 - Ventured into the business of property development
  • 1989 - Amalgamation of Polutech Ltd. with CECL
  • 1989 - Issue of 3,85,295 equity shares of Rs. 10/- each for cash at par on Rights
  • 1992 - Amalgamation of Coromandel Prodorite Private Ltd. with CECL
  • 2006 - Coromandel Holdings and Minerals Limited (‘CHML’) was merged with our Company.

Services:

1. Construction Contract

2. Real Estate Development (Property Development)

Clientele:

  • India Cements Ltd, AP, TN
  • Madras Cements, AP
  • Swarna Cements, AP
  • KCP-Ramakrishna Cements, AP
  • Dalmia Cements, Trichy, TN
  • Dharani Cements, Ariyalur, TN
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