Coromandel Engineering Company Ltd - Stock Valuation and Financial Performance

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

Coromandel Engg. Co Share Price

54.97 0.00 0.00%
as on 26-Mar'24 16:00

DeciZen - make an informed investing decision on Coromandel Engg. Co

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

1. Quality

2. Valuation

Fair

3. Price Trend

Coromandel Engineering Company stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
182.7 Cr.
52-wk low:
26.6
52-wk high:
60.2

Is Coromandel Engineering Company Ltd an attractive stock to invest in?

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 Weak which suggest that the price of Coromandel Engineering Company Ltd is likely to Fall 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.2%12.1%6.7%-7.9%-14.2%-10.6%-2.3%-9.4%-15.5%-10%-
Value Creation
Index
-0.9-0.1-0.5-1.6-2.0-1.8-1.2NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 19923012231.332.545.757.710913312799
Sales YoY Gr.-15.6%-47%-74.4%3.7%40.7%26.1%88.2%22.6%-4.9%-
Adj EPS -2.70.50.1-2.4-3.8-3.6-1.9-3-2.8-1.8-1.4
YoY Gr.-NA-85.4%-3500%NANANANANANA-
BVPS (₹) 10.911.211.38.851.40-2.4-4.8-6.2-7.4
Adj Net
Profit
-8.91.60.2-7.9-12.5-11.9-6.2-10.1-9.4-5.9-5
Cash Flow from Ops. -25.360.219.3-1.1-19.93.8-1.510.819.7-7.1-
Debt/CF from Ops. -41.21.3-27.1-2.614.1-25.12.90.7-3.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.9%31.2%29.9%-4.9%
Adj EPS NANANANA
BVPS-193.8%-204.2%-775.3%NA
Share Price 3.3% 16.9% 27.5% 99.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-29.33.60.5-19.6-41.8-67.1-30.8-41.2-56.9-58.220.9
Op. Profit
Mgn %
1.8119.6-3.3-13.8-5.3-2.4-1-0.20.4-0.8
Net Profit
Mgn %
-4.50.70.2-25.2-38.5-26-10.7-9.3-7-4.7-4.8
Debt to
Equity
2.31.60.60.82.24.61.41.51.23.1-
Working Cap
Days
41732433770369253743023216616596
Cash Conv.
Cycle
1061181432174213262371115745-2

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.90%

Sales growth is growing at healthy rate in last 3 years 29.93%

Debt to equity has increased versus last 3 years average to 3.10

Sales growth is not so good in last 4 quarters at -29.63%

Latest Financials - Coromandel Engineering Company Ltd.

Standalone Consolidated
TTM EPS (₹) -1.4 -
TTM Sales (₹ Cr.) 98.7 -
BVPS (₹.) -7.4 -
Reserves (₹ Cr.) -58 -
P/BV -7.39 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 26.58 / 60.16
All Time Low / High (₹) 11.50 / 90.70
Market Cap (₹ Cr.) 183
Equity (₹ Cr.) 33.2
Face Value (₹) 10
Industry PE 42.7

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Coromandel Engg. Co

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales19923012231334658109133127
Operating Expenses 19620611032374859110133126
Manufacturing Costs98742114161527546560
Material Costs65104739132424455551
Employee Cost 1815954667810
Other Costs 151484343345
Operating Profit 32512-1-5-2-1-101
Operating Profit Margin (%) 1.7%10.7%9.6%-3.3%-13.9%-5.2%-2.4%-1.0%-0.2%0.4%
Other Income 1121113000
Interest 152084467654
Depreciation 2544443332
Exceptional Items 0000002322
Profit Before Tax -1211-8-11-12-6-7-6-4
Tax -4-10020-1121
Profit After Tax -910-8-13-12-5-8-8-5
PAT Margin (%) -4.5%0.5%0.3%-24.5%-38.6%-26.0%-8.2%-7.3%-6.0%-3.6%
Adjusted EPS (₹)-2.70.30.1-2.3-3.8-3.6-1.4-2.4-2.4-1.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4344443624122820128
Share Capital 40404040404062626262
Reserves 344-4-17-28-33-41-49-54
Minority Interest0000000000
Debt82382529485038311424
Long Term Debt3300036281712910
Short Term Debt4938252912212119614
Trade Payables312920148128152018
Others Liabilities 137804-575771312
Total Liabilities 2931919474877882746063

Fixed Assets

Gross Block46444141404040404041
Accumulated Depreciation10141620232629323537
Net Fixed Assets35292521171310753
CWIP 0000000000
Investments 0000000000
Inventories44691312444133221614
Trade Receivables534825209916202220
Cash Equivalents 7320000000
Others Assets154413021171523241726
Total Assets 2931919474877882746063

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -256019-1-204-21120-7
PBT -1211-8-11-11-8-10-8-6
Adjustment 15241377910976
Changes in Working Capital -30344-1-216-31120-8
Tax Paid 3221500100
Cash Flow From Investing Activity -7000012321
Capex -700000000-1
Net Investments 0000000000
Others 1000012322
Cash Flow From Financing Activity 33-61-20120-4-1-14-216
Net Proceeds from Shares 29000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -13-17-7-3-3-6-7-6-5-4
Dividend Paid 0000000000
Others 17-44-1342326-7-1710
Net Cash Flow 0-100000000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-62.063.061.08-23.03-54.67-110.91-194.19000
ROCE (%)1.8915.929.94-6.24-10.33-7.350.98-1.48-2.361.23
Asset Turnover Ratio0.750.950.860.370.40.550.721.391.992.06
PAT to CFO Conversion(x)N/A60INFN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days92801092611667177615859
Inventory Days7590123147314337232925242
Payable Days17310612467330715815493118138

Coromandel Engineering Company Ltd Stock 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 26-Mar-2024 16:00 is ₹54.97.
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 26-Mar-2024 16:00 the market cap of Coromandel Engg. Co stood at ₹182.7.
The latest P/E ratio of Coromandel Engg. Co as of 26-Mar-2024 16:00 is 0.00.
The latest P/B ratio of Coromandel Engg. Co as of 26-Mar-2024 16:00 is -7.39.
The 52-week high of Coromandel Engg. Co is ₹60.16 and the 52-week low is ₹26.58.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Coromandel Engg. Co is ₹98.67 ( 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
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.