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IL&FS Engineering and Construction Company Ltd. Stock Analysis

Small Cap
Evaluated by 767 users | BSE: 532907 | NSE: IL&FSENGG |
Engineering - Construction
Maytas Infra, incorporated in 1988, is engaged in infrastructure development, construction and project management. The company has undertaken projects in segments such as roads/expressways/highways, buildings and industrial structures, irrigation canals and dams and thermal and hydel power....

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
 Mar'09Mar'10Mar'11Sep'12Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed -17%-12.24%-2.77%0.52%4.4%9.19%2.16%9.4%11.83%-37.6%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,3359551,0171,3632,1802,3601,8491,8231,9011,240
Y-o-Y Gr. Rt.--28.4%6.5%34%59.9%8.3%-21.7%-1.4%4.3%-34.8%
Adjusted EPS (Rs.) -70.89-49.13-11.37-10.46-11.180.19-13.76-2.50.55-64.81
Y-o-Y Gr. Rt.-NANANANANA-7342.1%NANA-11883.6%
Book Value per Share (Rs.) 27.71-14.7135.4912.040.8312.712.559.710.31-144.92
Adjusted Net Profit -417-289-88-94-1002.1-167-32.87.2-850
Net Op. Cash Flow (Rs. Cr.) -585-12.7-97.153.9-36.5-135-12961.5-11645.9
Debt to Cash Flow from Ops -2.85-70.93-8.7216.89-30.55-14.25-15.1533.05-21.6758.63
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.
IL&FS Engineering and Construction Company Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -0.8%-10.7%-12.5%-34.8%
Adjusted EPS NANANA-11883.6%
Book Value per Share -220.2-380.8-484.5-1,505.6
Share Price -29.8% -45.1% -52.9% 21%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'09Mar'10Mar'11Sep'12Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -102.25-134.08-20.7-28.35-44.740.77-82.69-26.175.4996.29
Operating Profit Margin (%) -15.8-10.76-2.623.443.378.413.0610.4210.17-2.14
Net Profit Margin (%) -31.26-30.26-8.65-6.89-4.60.09-9.01-1.80.38-68.52
Debt to Equity 10.22-10.41.453.316.416.8715.7715.9818.6-1.42
Working Capital Days 4085775183513004996546737721,063
Cash Conversion Cycle 1922381464141851199210122
Entity Percentage Holding
Promoters 42.25%
Institutions 4.29%
Non-Institutions 53.46%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of IL&FS Engineering and Construction Company Ltd.'s performance infers:

IL&FS Engineering and Construction Company Ltd. earnings have grown by 0%, whereas share price has depreciated -45.1% 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 IL&FS Engineering and Construction Company Ltd. share prices over the last 10 years. Here is what we found out:

IL&FS Engineering and Construction Company Ltd. share price has depreciated -33.1% annually over the past ten years.

Maytas Infra, incorporated in 1988, is engaged in infrastructure development, construction and project management. The company has undertaken projects in segments such as roads/expressways/highways, buildings and industrial structures, irrigation canals and dams and thermal and hydel power.

Headquartered in Hyderabad, the company has offices at New Delhi and Bangalore. It operates subsidiaries namely Infra Trade FZE, Pondicherry Tindivanam Tollway, Maytas Mineral Resources, Maytas Infra

Maytas Infra, incorporated in 1988, is engaged in infrastructure development, construction and project management. The company has undertaken projects in segments such as roads/expressways/highways, buildings and industrial structures, irrigation canals and dams and thermal and hydel power.

Headquartered in Hyderabad, the company has offices at New Delhi and Bangalore. It operates subsidiaries namely Infra Trade FZE, Pondicherry Tindivanam Tollway, Maytas Mineral Resources, Maytas Infra Assets and Maytas (Singapore) Holding Pte.

The company already has strong presence in the infrastructure sectors like roads, irrigation, bridges etc and has made significant progress in ports, airport, oil & gas, and power sectors.

Maytas Infra continuously seeks to forge alliances with other companies to obtain the relevant knowhow and gain access tosuperior technology. Internationally, the company has partnered with Trafalgar House Constructions (Tunnelling), UK IJM Corporation Berhad, Malaysia, IJM Corporation Berhad, Malaysia, Cesma International, Singapore, Nishimatshu Constructions Co. Japan, Pacific Power International, Australia and Ozaltin, Turkey. 

In past, the company had had strategic alliances with IL&FS, Navabharat, GVK, Gayatri, Larsen & Toubro, IJM and Nagarjuna Constructions.

Business Functions

  • Design and Engineering
  • Project Development and Financing
  • Construction Management
  • Procurement and Logistics
  • Project Management 
  • Technology Deployment

Projects

  • Building and Structures- Under this, the  company undertakes construction of residential buildings, commercial buildings and industrial structures. It is involved in projects namely Singapore Class Township, Maytas Hill County, T-Eternity Mall-Lucknow, Byrraju Foundation, DG Map Residential Quarters-Kanpur, NAVAC Project-Kerala, IIT-Madras Project and JSW Steel Project-Karnataka
  • Water- The company constructs projects related to irrigation and water and hydro power. Under this segment it has completed projects namely Podagada Earthen Dam, Kapur Earthen Dam-Orissa, Narmada Main Canal Works, Kalpong Hydro Electric Project-Andaman and Nicobar Islands, Nagarjuna Sagar Canals Modernization Project and many more.
  • Transportation- Maytas Infra constructs roads and highways, urban transportation and railways and ports and airports. It is involved in projects namely NICE Project, Mumbai-Pune Expressway, Salem-Ulundurpet Road Project, Trichy-Padalur Road Project on NH-45 etc.
  • Energy- Under this segment, the company undertakes construction of hydel power, thermal power, power transmission and distribution and oil and gas including pipelines. It is involved in projects namely Kalpong Hydro Electric Project, Gautami Power Project, Karnataka Power Transmission Corporation in Bangalore, Gas Pipeline Project between Rajkot and Jamnagar for Gujarat State Petronet, Larji Hydro Electric Project, Hinduja Power Plant and many more. 

Future Plans

Maytas Infra intends targeting big ticket projects across different geographies. The company is also considering more complex projects in the industrial construction business which encompasses sectors like petrochemicals, oil and gas, signalling and telecommunication for the railways etc.

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

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